Terra is a blockchain platform that envisions creating digital payment systems powered by currencies that are stable like fiat currencies but have the autonomy, decentralisation and speed of cryptocurrencies. Terra takes the concept of stablecoins a step further by allowing the creation of a family of stablecoins that are pegged to many major fiat currencies like the U.S dollar, South Korean won, Mongolian Tugri and more.
It keeps the price of its currencies stable by adjusting the total supply depending on their demand. The nodes on Terra need to stake the platform’s native currency LUNA to approve Terra transactions. LUNA also plays a pivotal role in maintaining the price stability of the Terra stablecoins.
The Terra blockchain uses a proof of stake consensus algorithm. Holders of the LUNA token which is the native token of the Terra blockchain can stake their tokens to validate transactions.
To Buy and sell Terra coin (LUNA) in Australia, sign up for a free trading account. Using bank transfer, OSKO, POLi, PayID or your credit/debit card, deposit AUD into your trading account, select the amount of LUNA you would like to purchase and confirm your order.
Cryptocurrency exchanges, like Swyftx, are one of the easiest ways to buy LUNA tokens in Australia. Finding the right exchange is the tricky part! Through our platform, you can buy, sell and swap Luna for other cryptocurrencies listed on our exchange.
To start trading LUNA on Swyftx, all you need to do is sign up for an account via our website or app. Once you’ve verified your account, it’s time to deposit your funds. We accept deposits of up to $100,000 AUD via a range of payment methods – including bank transfer, POLI, PayID and credit/debit card. If you already own other crypto assets, you can also load them onto your Swyftx account. After your funds have been cleared, you’ll be able to buy Terra tokens as well as a wide range of other popular coins!
You sure can! Swyftx accepts deposits of up to $100,000 from debit or credit cards. So, as soon as your funds clear, you’ll be able to buy Terra (LUNA). We also support payments via bank transfer, POLi and PayID.
Yes, signing up for a Swyftx account is not only simple but free to do! That means you can buy, sell and trade LUNA or any other cryptocurrency you want without having to worry about any sneaky sign-up fees. Swyftx does charge a 0.06% trading fee. This is considerably lower than that of our closest Australian competitors.
After you buy LUNA on the Swyftx trading platform, it will be stored in the wallet that is integrated with your account. From here you can store it, send it, withdraw it or sell it. Some customers like to withdraw their crypto and send it to an external wallet like a hardware wallet.
Swyftx has low spreads and cheap trading fees when you buy LUNA.
Verify online instantly without uploading documents and deposit AUD to start Terra trading in less than 2 minutes.
Breached password detection and Two Factor Authentication help protect your account from scammers.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.