Where to buy Terra (LUNA)
You can purchase Luna from a variety of trading platforms and decentralised exchanges. Below is a list of recommended places to purchase LUNA.
Why buy LUNA?
As the native token of the Terra network, you can use Luna to do several things. If you’d like to earn interest on your Luna by holding it, then head over to the Terra website and download Terra Station, a downloadable desktop wallet for Luna and a gateway to the Terra network.
You can send your Luna from an exchange or brokerage to Terra Station and stake your Luna by delegating it to a validator. You’ll earn rewards based on the going interest rate and the amount of Luna you’ve delegated.
Luna can also be used to vote on governance decisions on the Terra network, making Luna holders active participants in the future development of the Terra ecosystem. Similar to a decentralised autonomous organisation (DAO), for many investors, being able to use their tokens in governance is a huge draw factor.
Luna can also be used as collateral on lending protocols such as Nexo, where many investors flock to secure impressive yields on the coins they’re holding.
Where to store your LUNA
You can keep your Luna on your chosen exchange or brokerage, where it’ll be accessible through your portfolio. If you’d like more control over your funds, then using a non-custodial wallet is a good idea.
Crypto wallets such as Metamask and Trustwallet are used by millions of crypto investors and users around the world. Another way to store your crypto is by using a hardware wallet. Hardware wallets are physical USB wallets that provide greater security and control than any exchange or brokerage. You can learn more about specific hardware wallets and purchase one for yourself by following one of the links below.