Buy Terra

Where & How to Buy Terra (LUNA) Guide

Page last updated: 2024-05-01 05:36 (UTC+0)

Get up to 100 USDT in trading fee rebate vouchers (for verified users)!

Want to buy crypto but don't know where to buy Terra? No worries! Binance offers many options where you can easily buy several cryptocurrencies including Terra, with the lowest fees and highest security.

1
Create a free account on the Binance website or the app.
Binance is a centralized exchange where you can buy several cryptocurrencies including Terra. Before you can use the Binance platform, you'll need to open an account and verify your identification.
- Register via the Binance App
- Register via the website using your email and mobile number
2
Choose how you want to buy the Terra asset.
Click on the "Buy Crypto" link on the top of the Binance website navigation to know about the available options to buy Terra in your country.
For better coin compatibility, you can consider buying a stablecoin like USDT first, and then use that coin to buy Terra.
1. A. Buy Terra with Debit / Credit Card
  If you are a new user, this is the easiest option to purchase Terra.
  1. Navigate to buy Terra with USD page on Binance.
  2. Select Terra and USD from the dropdown menu.
  3. Choose "Card" as the payment method, and click "Confirm".
  4. "Add New Card" will appear if you have not purchased crypto in Binance using debit or credit card before. Click "Add New Card", enter card details and click "Confirm."
  5. On the payment confirmation page, verify details and confirm the order within the time limit. Use 'Refresh' for a new quote.
  6. Click "Confirm" to place your order.
  7. You will be redirected to your bank's OTP transaction page. Follow the instructions to verify the payment.
  8. Once verified, the coin will appear in your Spot Wallet.
2. B. Buy Terra with Google Pay or Apple Pay
  1. Navigate to buy Terra with USD page on Binance.
  2. Select Terra and USD from the dropdown menu.
  3. Choose either "Google Pay" or "Apple Pay" as your payment method and press "Confirm".
  4. Click the "Buy " button.
  5. On the payment confirmation page, verify details and confirm the order within the time limit. Use 'Refresh' for a new quote.
  6. Click "Confirm" to place your order.
  7. The coin will appear in your Spot Wallet.
3. C. Third Party Payment
  There are multiple options for third-party payment channels. Please, visit the Binance FAQ to check which ones are available in your region.
3
Check the payment details and fees.
You have 1 minute to confirm your order at the current price. After 1 minute, your order will be recalculated based on the current market price. You can click Refresh to see the new order amount.
4
Store or use your Terra in Binance.
Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income. If you would like to trade your Terra to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains.
Want to keep tabs on coin prices? Visit our coin price directory to add to bookmark

LUNA price

$ 0.54967 USD

-6.54%

(24H)

The live price of Terra is $ 0.54967 per (LUNA / USD) today with a current market cap of $ 399.60M USD. 24-hour trading volume is $ 31.00M USD. Terra to USD price is updated in real-time. Terra is -6.54% in the last 24 hours. It has a circulating supply of 726.98M.

Buy Terra

Binance Square

koinmilyoner

9 hours ago

Founder of #Terraform Labs Failed to Attend His Own Trial and Why

The crypto company and its founder, Do Kwon, were found guilty of fraud related to the Terra-Luna crash in early April. Their lawyers are arguing for a fine of $1 million instead of the US Securities and Exchange Commission's proposed $5.3 billion.

Following the SEC's request for a disgorgement and prejudgment fine of $4.7 billion and a total of $520 million in civil penalties for its participation in the Terra-Luna collapse, Thursday's court filing follows.

Do Kwon and Terraform Labs Fight Off Billion-Dollar Fines

The blockchain platform "should impose at most a $1 million civil penalty," according to lawyers who represented Kwon and Terraform Labs.

The lawsuit said that the SEC has not shown its entitlement to the extensive injunction and financial penalties it is seeking against TFL.

Kwon did not appear at the trial that found him guilty on April 5. The creator of Terraform Labs, on the other hand, was unable to leave Montenegro after the accident because he had used a fake passport to avoid punishment.

"Despite the many potential benefits of cryptocurrency, the absence of proper registration and compliance is having serious and tangible effects on actual individuals," said Gurbir S. Grewal, Director of Enforcement for the SEC, in a statement issued later that day. "Thanks to everyone's efforts, we will keep using all the tools we have to safeguard investors. However, the crypto markets really need to comply with our regulations."

Founder of Terraform Labs Failed to Attend His Own Trial and Why
The extradition of Kwon is a contentious issue between his home country of South Korea and the United States. The lawyers for the Terra-Luna founder are trying to have him transferred to South Korea, where the penalty is more moderate.

Ripple Labs was fined over $2 billion and Binance, a once-leading crypto exchange, was fined $4.3 billion; the SEC has been aggressively fining culpable crypto businesses as of late.
#LUNC #LUNA $LUNA

Crypto PM

15 hours ago

🚨 Terraform Labs' proxy lawyer opposes SEC's $5.3 billion demand!

📝 Terraform's legal team suggests a maximum civil penalty of $1 million, arguing against injunctive relief or recoupment. They highlight the need to obtain funds from the Luna Foundation Guard (LFG), a 'non-party' in the case.

💼 On April 5, a New York jury suspected Terraform and Do Kwon of deceiving investors in TerraUSD (UST), Luna, and wLUNA sale statements. The SEC demands recovery of $5.3 billion in illegal proceeds and civil penalties, proposing a ban on Do Kwon's executive roles and detailed account disclosures.
#Terraform #SEC #UST

Crypto De Nostradame

17 hours ago

Terraform and Do Kwon's Lawyers Deny SEC's Request.

Lawyers representing Terraform Labs and its co-founder Do Kwon are objecting to the fines proposed by the U.S. Securities and Exchange Commission (SEC), arguing that a penalty closer to $1 million is more reasonable than the proposed $5.3 billion.
The SEC's proposal includes a request for approximately $4.7 billion in damages and pre-judgment interest, as well as a fine of $420 million for Terraform and $100 million for Kwon. However, lawyers representing the defendants believe these figures are quite high.

In a court filing released late last week, #Terraform and Kwon's legal team argued for a significantly lower sentence. They stated that the court should not grant injunctive relief or damages and should fine Terraform Labs (TFL) no more than $1 million.

In February 2023, the #SEC charged Terraform and Kwon over issues with the algorithmic stablecoin Terra USD (UST), which suffered a dramatic drop in value a year ago. Terra USD, affiliated with the governance token Luna, aimed to maintain price stability through algorithmic market incentives. However, in May 2022, UST collapsed, causing losses exceeding $50 billion.

A jury recently found both Terraform and Kwon liable for civil fraud based on allegations they misled investors. Among the key issues considered by the jury were the SEC's allegations that Terraform and Kwon violated federal securities laws through fraudulent activity related to the trading of Terraform securities. Additionally, Judge Jed Rakoff previously granted summary judgment to the #SEC supporting allegations that Terraform and Kwon offered and sold unregistered securities.
Following the decision, a Terraform spokesperson stated that the company is carefully considering its options and next steps in response to legal proceedings.
$BTC $LUNA $LUNC

Cryptic Mind Trader

19 hours ago

Hi Guys,

It's Big & Big #alert About Terraform Labs $5.3 Billion !!!

Terraform Labs Not Keen on SEC's $5.3B Penalty, Wants to Pay $1M Instead

Do Kwon's Terraform Labs argued that a maximum penalty of $1 million, stating the figure is “far more appropriate” than the SEC’s $5.3 billion request

Terraform Labs hasn't warmed to the idea of paying $5.3 billion in penalties to the United States Securities and Exchange Commission (SEC).

Earlier this month, the US regulator requested $4.7 billion from Terraform Labs and Do Kwon's disgorgement and prejudgment interest. Additional civil penalties of $420 million and $100 million respectively were being sought respectively.

The SEC also requested a ban on Do Kwon from serving as an officer or director of a securities issuer and demanded that the LUNA founder must provide details of all his accounts and assets.

At the time, legal representatives for Terraform Labs and Do Kwon filed briefs for a maximum civil penalty from Terraform Labs of $3.5 million and $800,000 from Do Kwon.

In an April 26 filing in U.S. District Court for the Southern District of New York, Terraform Lab's legal team instead suggested a maximum penalty of $1 million, stating the figure is “far more appropriate” than the SEC’s $5.3 billion.

The firm also argued that that the court “should not grant any injunctive relief or disgorgement” as the funds would have to be obtained from the Luna Foundation Guard (LFG).

“To pursue disgorgement from LFG, the SEC was required to name LFG as a defendant or relief defendant, which it did not do [...] This statute bars an order against TFL [Terraform Labs] to disgorge LFG funds because TFL did not receive them,” said the filing. “Those funds belong to LFG, not TFL, and the token sales from which they arose were conducted by LFG.”

Terraform Labs isn't the only firm offering counter-offers to the SEC's penalties. In its latest exchange with the regulator, Ripple filed a rebuttal to the SEC's $2 billion fine proposal.
#HKETF #Megadrop #NFP #Write2Earrn

Coinspeaker

22 hours ago

Terraform Labs Lawyers Seeks to Reduce Penalty to $1M Instead of $5.3B

Coinspeaker Terraform Labs Lawyers Seeks to Reduce Penalty to $1M Instead of $5.3B

The US Securities and Exchange Commission (SEC) has proposed a penalty of $5.3 billion after co-founder Do Kwon was found guilty of fraud. However, lawyers representing Terraform Labs say that a fine of $1 million would be more appropriate. Interestingly, they are seeking a 99% reduction from the penalty proposed by the US SEC.

Last week, the US SEC said that Terraform and Do Kwon should pay a total of $4.7 billion in disgorgement charges and prejudgement interest. Additionally, they demand a $520 million payment in civil penalties. However, in their court filing, the lawyers of Terraform stated that the penalty should be much lower. The filing noted:

“To pursue disgorgement from Luna Foundation Guard (LFG), the SEC was required to name LFG as a defendant or relief defendant, which it did not do […] This statute bars an order against TFL [Terraform Labs] to disgorge LFG funds because TFL did not receive them. Those funds belong to LFG, not TFL, and the token sales from which they arose were conducted by LFG.”

“In conclusion, the Court should not grant any injunctive relief or disgorgement, and should impose at most a $1 million civil penalty against TFL,” the lawyers said.

The Terraform and Do Kwon Case

Terraform and Ripple find themselves entangled in legal disputes with the SEC over alleged violations. In February 2023, the SEC filed charges against Terraform and its co-founder Kwon concerning issues surrounding the algorithmic stablecoin Terra USD (UST).

Following a two-week trial with the SEC, Terraform and Kwon were found guilty of defrauding investors by a jury on April 5. Despite the verdict, a Terraform spokesperson stated that the company was carefully assessing its options and planning its next steps.

During the trial and verdict, Kwon was notably absent due to travel restrictions preventing him from leaving Montenegro. Kwon, a co-founder of Terraform, had been detained in March 2023 in Montenegro for allegedly using falsified travel documents. Presently, authorities in Montenegro are evaluating extradition requests from both the US and South Korea.

The $40 billion collapse of the Terraform Labs back in 2022 led to a significant market downturn leading to the bankruptcy of several other crypto firms like BlockFi, Celcius, FTX, etc. Earlier this year, the platform filed for Chapter 11 bankruptcy protection.

next

Terraform Labs Lawyers Seeks to Reduce Penalty to $1M Instead of $5.3B

How to Buy Other Coins

Binance: Where The World Trades Terra

Fast

Binance’s world-class matching engine ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Binance is easy and intuitive. You only need a few steps to buy Terra.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

Start buying LUNA

If you’re ready to take the next step and want to buy some Terra, take the next step with Binance!

Start now

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.

Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.