Buy Terra Classic with a credit card
You can buy LUNC for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Terra Classic price dynamics and history, get some answers to your questions, and find some useful links to read more about what is LUNC.
Terra Classic live price chart
LUNC price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
What is Terra Classic?
Terra Classic (LUNC) is the original blockchain of the Terra ecosystem, which launched in 2018. It was created by Terraform Labs, co-founded by Do Kwon and Daniel Shin, to develop a decentralized stablecoin network. The Terra Classic chain operates using the Cosmos SDK, and its main token, LUNC, was originally intended to stabilize TerraUSD (UST) through an algorithmic mechanism. After the collapse of UST in 2022, the Terra network split, leaving Terra Classic and its LUNC token as the legacy chain, while a new Terra blockchain emerged without UST.
LUNC is a governance and staking token that secures the network through proof-of-stake (PoS). LUNC holders can stake their tokens to earn rewards and participate in network governance. The total supply of LUNC tokens is highly inflated due to the UST de-pegging event, which led to a sharp increase in supply. Today, Terra Classic primarily serves as a legacy token with ongoing community efforts to revive its use case.
Key features of LUNC include staking for passive rewards, governance participation, and its role in the decentralized finance (DeFi) ecosystem. Its current utility is mostly tied to efforts by the community to restore value to the network after the collapse of TerraUSD.
The average fees on the LUNC network
The fees for transacting on the Terra Classic network are relatively low, with transaction fees typically ranging between 0.1% to 1% of the transaction value. On average, the gas fee is minimal, often less than $0.01. LUNC's price is volatile, so the exact transaction fee in USD can vary based on network conditions and token price fluctuations. As of now, the LUNC to USD price is a fraction of a cent, which allows for low-cost transactions.
The LUNC token wallets
Several wallets support the LUNC token, allowing users to store and manage their tokens securely:
- Terra Station Wallet: The official wallet for Terra Classic, offering staking, governance participation, and easy token transfers.
- Trust Wallet: A popular multi-chain wallet with a simple interface that supports LUNC and a wide range of other cryptocurrencies.
- Ledger Wallet: A hardware wallet known for its enhanced security features, compatible with Terra Classic through integrations.
- Atomic Wallet: A non-custodial multi-chain wallet that allows users to manage and stake LUNC tokens.
- MetaMask (with custom network setup): Although originally for Ethereum, MetaMask can be configured to support Terra Classic by adding the custom network.
Where to buy Terra Classic
LUNC can be purchased on various cryptocurrency exchanges. Major platforms support LUNC trading, but if you're looking for the cheapest way to buy Terra Classic, SwapSpace offers competitive rates with no hidden fees. It’s an easy and efficient platform for users who want to buy LUNC online.
How to buy Terra Classic
To buy LUNC with a credit card on SwapSpace, follow these five simple steps:
- Go to the SwapSpace website and select LUNC as the token you wish to purchase.
- Enter the amount of fiat currency (USD, EUR, etc.) you want to exchange for LUNC.
- Choose your payment method, such as a credit or debit card.
- Input your wallet address for receiving the LUNC tokens.
- Complete the purchase and receive your LUNC instantly in your wallet.
What can I do with Terra Classic after purchase?
After purchasing LUNC, you can:
- Stake LUNC to earn rewards and help secure the network through a validator.
- Participate in governance, voting on important proposals related to the Terra Classic blockchain.
- Trade LUNC on various exchanges for other cryptocurrencies or stablecoins.
- Hold LUNC as a speculative investment, anticipating future price increases.
- Use LUNC in DeFi applications, such as providing liquidity in decentralized exchanges (DEXs).
You can buy LUNC right here on SwapSpace — look below to find an instruction on how to buy Terra Classic.
How to buy LUNC on SwapSpace
On this page, we put USD in the “You send” and LUNC in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Terra Classic address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
