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What is Terra?

Terra (LUNA) is a blockchain protocol and is home to a community of decentralised applications (dApps). The decentralised and open source protocol uses a Proof-Of-Stake blockchain infrastructure and claims to be one of the fastest chains in existence.

  • Recently a network governance proposal (1623) was held by Terra Classic users and successfully passed. This outlined the genesis of a new Terra chain and the introduction of Terra 2.0.
  • Terra offers instant settlements, low fees and seamless cross-border exchange on their algorithmic stablecoin platform.
  • LUNA is the native token of the Terra ecosystem and can be used for governance and mining. Users stake LUNA to validators to verify transactions on the blockchain in exchange for rewards from transaction fees.

The Terra team have created a diverse ecosystem that is rapidly growing with projects across DeFi, Web3, and NFTs aiming to give users an unparalleled DeFi experience.

How do I swap Terra?

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Select the quantity of Terra you would like to swap.
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Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Terra

Why Should I Trade LUNA2 with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Terra no matter what your trading experience is. Unlike other international and Australian Terra exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Terra with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Terra how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Terra?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Terra for free.

Cold Storage

If you are holding Terra as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Terra. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Terra. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Terra has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Terra is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Terra exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Terra & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Terra safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Terra portfolio here.
Yes! With CoinSpot you can convert your Terra to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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