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How to buy Terra in Canada?

It doesn't matter if you are in Toronto, Montreal, Calgary or anywhere in between, NDAX gives you all the tools and support to buy and sell Terra in Canada.

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Why buy LUNA?

Terra was built to offer a more stable platform for users to conduct transactions across the globe with low fees and instant settlements. It does this by using stablecoins and offers a range of funds for various global currencies including TerraUSD, TerraEUR, and others. To maintain the price of these stablecoins Terra uses its native token LUNA to adjust the supply, and therefore the price, of the stablecoins. If the stablecoin price goes up, LUNA can be traded for that coin to increase the supply and bring the price down to it’s normal level.

Buying LUNA allows the token holder to take part in this process, trading LUNA for stablecoins, then converting them back into LUNA again. This exchange process creates opportunities for profit as the stablecoin prices fluctuate.

Owning LUNA also allows its holders to stake their coins and vote on governance proposals. Staking provides a way for the platform to verify transactions and also for the owner to earn rewards.

Investors may purchase LUNA as the utilization of the platform grows and its adoption continues to increase. Launched in 2018, Terra has already moved into the top 20 coins by market cap.

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Storing your Terra

After investing in Terra, the next step is to store your Terra in a secure cryptocurrency wallet. Depending on your own needs, investment amount and preferences, you can keep your Terra on an exchange, a physical hardware wallet or a software wallet.

You are free to transfer your Terra to a private wallet from NDAX. However, if you decide to store your Terra in your NDAX wallet, we have all the security measures in place to keep your Terra safe and secure.

What can you do with Terra?

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Pay for Goods and Services

Online stores, merchants, restaurants, and retail environments continue to adopt LUNA and other cryptocurrencies as a means of payment.

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Invest and Trade

On our exchange, LUNA can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth and profits.

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Use as a Store of Value

Investors are using LUNA as a store of value.

Why buy LUNA on NDAX?

We take the fear out of trading

NDAX’s security standards are among the highest in the Canadian FinTech industry.

NDAX holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies.

Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.

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Grow your portfolio with NDAX’s recurring purchase feature

Set Terra recurring purchases to automatically buy LUNA to CAD each day, week or month. Set regular purchases as low as $10.

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Terra investing in the palm of your hand

Download the NDAX mobile app to fund your account and start trading on-the-go from any iOS or Android device.

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Gain control of your LUNA investments with advanced trading options

The cryptocurrency market is volatile. Avoid missing out on trades by using NDAX’s unique trading options:

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Limit order

Buy or sell order executed at a specific price.

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Stop order

Order to buy or sell once a cryptocurrency reaches a specific price point.

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Trailing stop market order

Order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid or ask.

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Trailing stop limit order

Limit buy or sell order triggered once a cryptocurrency touches a trailing amount set by the user.

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Fill or kill (FOK) order

Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be cancelled entirely.

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Immediate or cancel order (IOC)

Trade that executes immediately and cancels any unfilled portions of the order.

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Reserve order (Iceberg Order)

Large trade divided into multiple limit orders. The orders are split into visible and concealed amounts.

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Are you ready to start trading LUNA