How to buy Terra (LUNA) in Australia & Earn 8% (2022)

How to buy Terra (LUNA) Crypto in Australia

The best way to buy Terra LUNA in Australia is through the CoinSpot digital asset trading platform. They offer the best user experience, the lowest AUD deposit fees, and a product that lets you earn 8.1% APY when you stake your LUNA tokens.

Follow this simple guide to buy LUNA:

Step 1: Sign up to the CoinSpot Australia cryptocurrency exchange.

Step 2: Find the 'Deposit Funds' button on your dashboard and select any available method to deposit AUD. PayID and Osko deposits are free for deposits over $1,000.

Step 3: Find the LUNA token in CoinSpot's buy/sell token list.

Step 4: Input the amount of AUD you want to buy in Terra (LUNA) tokens and execute the transaction. Once you make your purchase, your LUNA will be automatically stored in your CoinSpot managed wallet on their platform.

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Is buying Terra2.0 and LUNA safe?

The Terra (LUNA) token without the UST stablecoin offers significantly less value than the initial protocol design. Terra2.0 is only intended to serve the LUNA ecosystem DeFi protocols like Anchor, Astroport and TerraSwap. This means Terra will now act as a Layer 1 blockchain like Ethereum, Solana and Avalanche.

You can read more about the Terra2.0 Ecosystem Revival Plan that was published by Do Kwon in the Terra Governance forum. The proposal also outlines Terra2.0 airdrop details to compensate those who were affected by the UST depeg and LUNA crash.

Exchanges like CoinSpot have announced they will automatically airdrop their users Terra2.0 in Australia.

Terra (LUNA) 2.0 has been listed & tokens have been airdropped to applicable holders.

Check it out 👇https://t.co/Hnah4xzI8k

Questions about the airdrop? See our article 👇https://t.co/CzjSJvOups

As always, our support team are available 24/7 via live chat & email to assist. pic.twitter.com/yM1ahb7S4F
— CoinSpot (@coinspotau) May 31, 2022

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How to Stake Terra (LUNA) in Australia

The easiest way to stake Terra (LUNA) is on the CoinSpot platform. They are the only exchange in Australia that lets you earn over 8% APY on staked LUNA tokens. This is significantly higher than alternative platforms like SwyftX and Digital Surge who only offer 6% farming yields.