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Exchange Terra (LUNA)

Swap Terra (LUNA) at the best rate: compare live LUNA exchange offers from 40+ providers, swap LUNA to BTC, USDT or 1400+ other assets with no account, or buy Terra with a card.

Compare Terra (LUNA) exchange offers

How to exchange LUNA on SwapSpace

  1. Step 1

    Choose the pair and amount

    Select the coin you send and Terra (LUNA) as the coin you receive, then enter the amount. The widget shows the estimated rate right away.

  2. Step 2

    Compare the offers

    SwapSpace lists offers from 40+ providers with the amount you receive, the estimated time and the KYC policy of each one. Pick a fixed rate to lock the amount or a floating rate to follow the market.

  3. Step 3

    Enter your LUNA wallet address

    Paste the address of a wallet that supports Terra on the network shown in the widget. Double-check it — crypto transactions cannot be reversed.

  4. Step 4

    Send the deposit and receive LUNA

    Send the exact amount to the deposit address shown. The provider completes the swap after network confirmations, usually within minutes, and sends LUNA straight to your wallet. Track progress in Swap Tracker.

Best Terra exchange offers

Terra (LUNA) price and market data

LUNA Chart by TradingView

  1. LUNA Price

    $0.039927

  2. 24H Price Change

    4.3%

  3. 24H Volume

    $2,240,423

  4. 24H Volume Change

    34.8%

  5. Market Cap

    $28.35M

  6. Circulating Supply

    709.98M LUNA

Market data is provided for information only and is not investment advice. Crypto assets are volatile; exchange only what you can afford to hold.

Last updated at

Why exchange Terra on SwapSpace

  • 40+ providers, one comparison

    Offers from centralized and decentralized exchange services side by side — rate, speed and KYC policy — so you pick the best option for LUNA instead of checking each service yourself.

    No sign-up for crypto-to-crypto swaps

    Crypto-to-crypto exchanges on SwapSpace need no account. Some providers may request verification for specific orders — the KYC flag on each offer tells you in advance. Fiat purchases always require verification by the fiat partner.

  • Fixed and floating rates

    Lock the exact amount you receive with a fixed rate, or take a floating rate that follows the market until your deposit confirms.

    Non-custodial since 2019

    SwapSpace never holds your funds: LUNA goes from the provider directly to your wallet. Human support is available 24/7 via live chat and email.

What is Terra (LUNA)?

LUNA is the native token of the Terra blockchain, a platform at the forefront of revolutionizing decentralized finance (DeFi) through its innovative approach to stablecoins and scalable blockchain solutions.

Terra aimed to combine the stability and wide adoption of fiat currencies with the efficiency and programmability of cryptocurrencies. It achieved this by leveraging its family of algorithmic stablecoins, which are pegged to various fiat currencies. These stablecoins, including UST (TerraUSD), provide a stable and secure medium of exchange within the Terra ecosystem.

The Terra network was founded by Daniel Shin and Do Kwon. They co-founded Terraform Labs, the company responsible for the development of the Terra blockchain. The exact date of the network's founding is unclear, as its development spanned several years. However, Terraform Labs began working on Terra as early as 2018, with the blockchain officially launching its mainnet in April 2019. Daniel Shin currently serves as the CEO of Terraform Labs, while Do Kwon is the co-founder and CEO of the company.

Terraform Labs, the driving force behind the Terra network, introduced the UST coin as an algorithmic stablecoin. In contrast to traditional fiat-backed stablecoins like USDC or Tether, UST operates on a different principle. Rather than being backed by real-world assets, the value of UST was supported by its sister token, Luna. This unique approach was supposed to ensure stability within the Terra ecosystem, creating a reliable and decentralized mechanism for maintaining the value of UST.

LUNA served as the native token of the Terra blockchain, akin to how Ether operates within the Ethereum network. In April, the value of a LUNA coin reached approximately $116, but eventually experienced a significant decline, plummeting to a fraction of a penny before being delisted. However, prior to this downturn, LUNA witnessed a remarkable ascent, with its value surging from less than $1 in early 2021. This substantial growth within a year resulted in the creation of numerous crypto millionaires who had invested in LUNA.

Following the collapse of Terra's algorithmic stablecoin, TerraUSD (UST), the native token Luna suffered a severe crash. On May 7, a significant amount of UST was unstaked and liquidated, leading to a rapid decline in its price from $1 to $0.91. This triggered panic selling and a subsequent depegging of UST. As a result, Luna's value plummeted, causing crypto exchanges to delist Luna and UST pairings. Ultimately, Luna became worthless and was subsequently abandoned.

Following the initial crash, Do Kwon presented a recovery plan for Luna, instilling temporary optimism in May. However, the coin eventually experienced a significant decline and was subsequently abandoned. In response, Terra launched a new coin, Luna 2.0.

The creation of the new Luna blockchain emerged as a strategic response to the significant losses suffered during the LUNA/UST crash. Terra and its investors sought a means to recover from the devastating impact of the crash. Recognizing the financial damages experienced by many, TerraLabs devised a plan to compensate investors. The establishment of a new blockchain and cryptocurrency was deemed the most effective approach to fulfill this objective. Luna 2.0 has no dependency on any kind of stablecoin, algorithmic or not.

Terraform Labs' CEO, Do Kwon, is currently under investigation in South Korea following the LUNA/UST downfall. The allegations against Kwon include fraud, while reports suggest that Terraform Labs' legal team has purportedly resigned amidst the scandal. Moreover, Kwon's co-founder, Daniel Shin, is also under investigation as part of this ongoing inquiry.

Average Fees on Terra

On Terra, there is only one fee that applies to all transactions: the gas fee. The average gas fee on the Terra is around 0.015 LUNA.

LUNA Wallets

There are several wallets that can be used to hold LUNA tokens, including MetaMask, Coinbase, ZenGo, Ledger Nano S, Trust Wallet, Trezor, Terra Wallet, Math Wallet, Guarda Wallet.

Terra exchange FAQ

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