After a brief pause after being involved in the collapse of the Terra blockchain, Luna returned to the new blockchain and was able to buy it again.
The new Luna is no longer associated with Terra US (UST) Stablecoin so that the new Terra blockchain is no longer confused with the hard-forked chains Terra Classic and Luna Classic and their home currencies.
Tokens lost almost all of their value when the original Terra began issuing more Luna to support UST. It is the volatility of this type of cryptocurrency that has caused repeated warnings from the Reserve Bank of India (RBI).
The RBI says Anyone who invests in crypto should be prepared to lose the entire investment.
If you are aware of the risks but are interested in buying new Luna tokens, you can buy them in the following ways:
Please select Exchange
To exchange fiat currency (Indian Rupee) for Luna, you need to use a cryptocurrency exchange.
The tokens have not yet returned to all exchanges, as Luna has reopened after withdrawing from the exchanges earlier this month.
At the time of this writing, Luna was available on CoinDCX, WazirX, and several other exchanges.
There are some important things to keep in mind when choosing an exchange:
- Payment methods: Most exchanges accept bank transfers and debit cards. Bank transfer is the most cost-effective and most widely accepted payment method. Some exchanges charge a fee for card payments.
- Wallet: Most exchanges offer an integrated wallet for storing Luna.If you want to store the cipher to a third party Hot wallet or Cold walletCheck if the exchange allows you to send money, and if there are any fees to pay.
Please choose a payment method
Exchanges usually do not charge fees for direct transfers to banks, making them the cheapest and easiest payment method. Fees for debit card payments are common.
After selecting a payment method, go to the Luna page of the selected exchange (be careful not to select Luna Classic) and tap the amount you want to invest.
Please select a save method
Many exchanges offer an integrated wallet for storing Luna, but we recommend that you store the ciphers in a third-party wallet or offline in a cold wallet.
Online “hot” wallets are the target of hackers. The tokens held in them can be stolen and may have been stolen, but as a result, if you lose your wallet credentials and cannot access the tokens, you may be able to recover the tokens by exchange. there is.
Offline “cold” wallets are difficult for hackers to access due to the “air gap” between the hardware and the connection to the Internet. However, if you lose access to your wallet (for example, if you lose your credentials), you may be locked out of your wallet without any help.