- What is WLUNA and how can you help?
- Step 1: Register for Fiat-to-Crypto Exchange
- Step 2: Pay USDT with fiat currency
- Step 3: Transfer USDT onto an Altcoin Exchange
- Step 4: Make a USDT deposit to convert
- Step 5: Trade WLUNA
- Last Step: Keep WLUNA secure in your hardware wallets
- WLUNA trading tools are also available
- Most Frequently Asked Questions
- Latest News from WLUNA
- WLUNA Price Predictions and Price Movement
What is WLUNA and how can you help?
Terra blockchain is secured by distributed consensus over the native staked asset Luna. It also supports the issuance price-tracking stablecoins like TerraKRW, TerraUSD etc. They are pegged to major currencies around the world.
WLUNA became tradable for the first time on 6th August 2021. It has a total supply unknown. WLUNA currently has a market capitalization USD 1,061.51. WLUNA’s current price is $0.000205. It is currently ranked 2840 in Coinmarketcap. Recently, it has surged 68.05% at the time this article was written.
WLUNA is listed on several crypto exchanges. However, unlike main cryptocurrencies, you cannot directly purchase it with fiat money. This coin can be purchased easily by purchasing USDT at any fiat-tocrypto exchange and then transferring to the exchange offering to trade it. We will show you how to purchase WLUNA in detail in this guide article.
Step 1: Register for Fiat-to-Crypto Exchange
No KYC required!
For US traders
Select Fiat-to-Crypto Exchange for details:
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ByBit
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UpHold
Bybit, a cryptocurrency exchange was established in March 2018. It provides a professional platform for crypto traders where they can find a fast matching engine, great customer service and support from a multilingual community. Bybit was initially focused on crypto derivatives trading, which is for experienced professional traders. However, it also offers a powerful platform for simple cryptocurrency purchase. It doesn’t require KYC to begin trading unlike other exchanges. This makes it much easier to buy cryptocurrency. You still have the option of verifying yourself if you wish to increase your daily withdrawal limit. Unverified users have a daily withdrawal limit of 2BTC, which is quite generous for many first-time buyers. The website and mobile app have a simple interface that makes it easy to buy crypto. Bybit is not allowed to allow US citizens to use their platform, as with other exchanges. Users can bypass the verification process by using a VPN service. These services are listed below.
Enter your email address and click “Create Account”. Make sure your password is strong to protect your account from hackers.
You will receive an email confirmation. You will receive a confirmation email. Open it and follow the link. Log in to your account security and set up two-factor authentication (2FA). This adds an extra layer of security to your account. It is highly recommended to keep this feature on.
ByBit offers a distinct advantage over many other exchanges. It doesn’t require you to complete a Know Your Customer (KYC). Once you’re registered, you can start trading immediately without having to wait for an automated or manual identity verification. You still have the ability to increase your daily withdrawal limit but as an unverified user, you have a daily withdrawal limit in place of 2 BTC. This is quite generous and sufficient for most traders.
Step 2: Pay USDT with fiat currency
Click on ‘Buy Crypto’ > ‘One Click Buy’ at the navigation at the top. You can choose the amount you want to buy and then choose your preferred payment method. ByBit offers several payment options. These options include bank transfer, credit card, and bank transfers. This depends on where you’re located. The fastest and most cost-effective way to make payments is with a creditcard. However, there are very few fees. You can use bank transfer and third-party payment options such as MoonPay. However, identity verification will be required with these methods. This may take some time. Click on the link below to learn more. Depending on the method chosen, verification can take between 5 and an hour. You can also buy from P2P sellers on ByBit. These sellers are independent and not affiliated with ByBit. We recommend that you be cautious when buying from them as scammers might be present on the platform.
Once you’ve chosen your payment method, click “Buy” and proceed to your payment. Congratulations! Congratulations, you just made your first purchase of crypto!
UpHold is one of the most convenient fiat-tocrypto exchanges.
- It’s easy to trade between multiple assets. There are more than 50 available and they keep adding.
- More than 7M people use the app worldwide at present
- UpHold Debit Card can be applied for. This card allows you to spend crypto assets just like regular debit cards. Only available in the USA, but it will soon be available in the UK.
- Mobile app that makes it easy to withdraw money to any bank or altcoin exchanges.
- No hidden fees or any other account fees
- For advanced users, there are no buy/sell orders.
- If you plan to hold cryptos for a long time, you can easily set up recurring deposit accounts for Dollar Cost Averaging.
- USDT is one of the most well-known USD-backed stablecoins. This is basically a crypto that’s backed by real money so they’re less volatile. It’s also more convenient if there are only USDT trading pairs available on the altcoin exchange. You don’t need to convert another currency while you’re buying the altcoin.
Enter your email address and click “Next”. UpHold will need your real name to verify your identity and account. Make sure your password is strong to protect your account from hackers.
You will receive an email confirmation. Click on the link and open it. To set up two-factor authentication (2FA), you will need to enter a valid mobile phone number. This is an additional layer of security and is highly recommended.
You can complete your identity verification by following the next step. These steps can be daunting especially if you are still waiting to buy an asset. However, UpHold is licensed in all major countries including the US and UK. This can be used as a compromise to buying your first cryptocurrency purchase through a trusted platform. The good news is that the entire Know-Your-Customers process (KYC), is now fully automated. It shouldn’t take longer than 15 minutes to complete.
Step 2: Pay USDT with fiat currency
Once you are done with the KYC process. The next step is to choose a payment method. You will be asked to choose whether you want to use a bank transfer or a credit/debit cards. While you may be charged more fees depending on the card company and volatile prices, you can still make an immediate purchase. Bank transfers are cheaper and faster, but may take longer depending on your country. Some countries offer low fees for instant cash deposit.
Once you’re done, go to the Transact> screen and click on the From’ field. Then, choose your fiat currency and on the ‘To’ field choose USDT. Click preview to review the transaction, then click confirm to confirm that everything looks fine. This is your first purchase of crypto.
Step 3: Transfer USDT onto an Altcoin Exchange
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Poloniex
We aren’t done yet. WLUNA, an altcoin, requires that USDT be transferred to an exchange where WLUNA can traded. Here, we will use Poloniex. Poloniex, a popular exchange for trading altcoins, has many tradable pairs. Register your account by following the link.
Poloniex, a central cryptocurrency exchange, is for both professional and amateur traders. It provides a variety of cryptocurrency markets and advanced trade types. Additionally, it offers margin trading and crypto lending. This makes it an ideal place for traders of all backgrounds. Poloniex is an excellent and well-respected exchange. It offers low trading fees and good customer service. There are multiple cryptocurrencies and it has many other incredible features. Poloniex, a US cryptocurrency exchange allows US-investors to trade there. However, US-investors must independently assess any issues resulting from their state residency. Investors from New York often are restricted from trading on many cryptocurrency exchanges.
You will need to go through the same process with ByBit as before.
Step 4: Make a USDT deposit to convert
It depends on which exchange policies you are required to undergo another KYC procedure. This process can take anywhere from 30 minutes to a few weeks maximum. Although the process should not be difficult to follow, it should be simple and straightforward. After you are done, you will have full access your exchange wallet.
The screen may seem intimidating if you are making your first crypto deposit. It’s much easier than making a bank deposit. In the box to your right you’ll see random numbers that say “USDT address”. This is the unique public address of the USDT wallet. If you want to receive USDT, simply give this address to the person who sent you the funds. Click on “Copy Address” or right-click the full address to copy it to your clipboard.
Go back to Bybit and go to Asset page. Click on withdraw. Choose USDT on your asset list.
Copy the address of your wallet into the Wallet Address box. You should verify that the addresses match. There are known computer malware programs that can alter your clipboard to create another wallet address, and you’ll be sending funds to someone else.
To continue, click “Submit” and you will receive an email confirmation. Once the confirmation email arrives, click the link in it to confirm your order. Your coins will be sent to Poloniex.
Go back to Poloniex, and then go to your exchange wallets. If you don’t see your deposit there, don’t be alarmed. Your coins should arrive within a few minutes as it is still being verified on the blockchain network. It may take longer depending on how busy the USDT network is.
Once your USDT arrives, you will receive a confirmation notice from Poloniex. Now you can finally purchase WLUNA
Step 5: Trade WLUNA
Go back to Poloniex. Then, go to “Exchange”. Boom! What a spectacular view! Although the constantly changing figures may seem a little scary, it’s not too frightening.
The search bar is located in the right column. Make sure you select “USDT” as we trade USDT to altcoin pairs. Click on the search bar and type “WLUNA” into the box. You will see WLUNA/USDT. Select that pair to see a price chart.
Below you will see a box that has a green button that reads “Buy WLUNA”. Inside the box, select the “Market” tab as this is the easiest type of buying order. Click on the percentage buttons to either enter your amount or select how much you want to spend on your purchase. Once you are satisfied with everything, click on “Buy WLUNA”. Voila! Voila! You’ve finally purchased WLUNA
There are several popular cryptocurrency exchanges that have large user bases and decent trading volumes. This will allow you to sell your coins whenever you like and usually the fees will be lower. These exchanges will allow you to trade WLUNA, which will bring in a lot of trading volume from users.
Gate.io
Gate.io was an American cryptocurrency exchange which launched 2017 American-investors have the ability to trade on the exchange. We recommend US traders sign up. You can access the exchange in both English and Chinese. This is especially helpful for Chinese investors. Gate.io’s main selling factor is their wide selection of trading pairs. The majority of the new altcoins can be found here. Gate.io boasts a large trading volume. It is almost daily one of 20 top-ranked exchanges for highest trading volume. It has a trading volume of approximately. USD 100 million daily. USDT (Tether), which is one of the top 10 trading pairs of Gate.io, accounts for most of the trading volume. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
KuCoin
KuCoin is a cryptocurrency platform based in Seychelles, which was previously known as Hong Kong. KuCoin launched in September 2017. It claims that it has 5 million users across more than 200 countries. Often known as the People’s Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and so forth. The exchange has one of the world’s most impressive trading pair selections, with more than 250 supported coins and 440 trading pairs. KuCoin was launched by Matrix Partners, IDG Capital and Matrix Partners. At the end 2018 they announced that the exchange had received USD 20,000,000 in round A funding.US-investors cannot trade. However, if you are a US-investor you should still check whether your home country has any restrictions on your foreign cryptocurrency trading.
Last Step: Securely store WLUNA in hardware wallets
Ledger Nano S
- Simple to set-up and friendly interface
- It can be used on laptops and desktops
- Portable and light weight
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
Ledger Nano X
- Secure element chip (ST33), which is more powerful than the Ledger Nano S
- Use on your desktop or laptop. You can also use Bluetooth integration to connect to your smartphone and tablet.
- With built-in rechargeable battery, lightweight and portable
- Larger screen
- Ledger Nano S has more storage space
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
If you plan to keep (or “hodl” as some might call it, basically misspelled “hold”, which become popularised over time), your WLUNA, you will want to look into ways to protect it. Binance is one the safest cryptocurrency exchanges. However, funds have been stolen and hacking incidents occurred. The nature of cryptocurrency exchange wallets means that they will always be online (or “Hot Wallets”), which can expose vulnerabilities. It is best to store your coins in a cold wallet. The wallet will not have access to the blockchain, or simply “go online” when you send funds. This makes it less likely that hackers can hack into your coins. A paper wallet is an offline-generated pair with public and private addresses. Keep it safe by writing it somewhere. It is fragile and not long-lasting.
A hardware wallet is definitely better than cold wallets. They can be USB-enabled and store your wallet’s key information in a more durable manner. They are extremely safe because they are made with military-level security. Their firmware is constantly updated by their manufacturers. The most popular wallets in this category are Ledger Nano S or Ledger Nano X. They cost approximately $50 to $100 depending upon the features they offer. These wallets can be a great investment if you need to keep your assets safe.
WLUNA trading tools are also available
Secure encryption
NordVPN
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. You can store your cryptos in a secure place with a hardware wallet, but hackers cannot intercept or eavesdrop sensitive information by using an encrypted VPN connection while trading. It is important to use an encrypted VPN connection when trading, especially if you’re doing so while on the move. NordVPN is a well-known VPN service that has been around almost ten years. You can opt in to block malicious websites or ads using their CyberSec feature. Based on your current location you can connect to over 5000+ servers from 60+ countries. This ensures that you always have a secure and smooth connection. You can stream videos or download large files with no restrictions. It’s also the cheapest VPN service available at $3.49 per Month.
Surfshark
Surfshark offers a cheaper option if you’re looking for a reliable VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Surfshark doesn’t currently have a limit on devices so you can use it across all your devices and even share it with your friends. Use the signup link below to get an 81% discount(that’s a lot!!) Get a 29% discount on your first month by signing up at the link below
Atlas VPN
After seeing the lack of quality service in free VPNs, IT nomads developed Atlas VPN. Atlas VPN was created to allow everyone free access to unlimited content with no restrictions. Atlas VPN set out as the first trusted free VPN with top-notch technology. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Here are some highlights from the feature:
- Strong encryption
- Tracker blocker prevents you from visiting dangerous websites and blocks third-party cookie tracking. It also stops behavioral advertising being served.
- Data Breach Monitor determines if your personal information is secure.
- SafeSwap servers enable you to have multiple rotating IP addresses by connecting only to one server
- The best prices in the VPN market: Only $1.39/month!
- To protect your privacy, there is no log policy
- Automated Kill Switch is used to prevent your device from accessing the internet.
- Unlimited simultaneous connections
- Support P2P
Crypto Ultimatum
Crypto Ultimatum is an in-depth training program that will show you how to make Crypto Currencies a profitable business. This system took $100 to turn into $1006. They were able to convert this $1006 into $257,000 using Bitcoin and Crypto Currencies because the system worked so well!
The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. You will learn all the secrets and be able to make money even if you’re a total novice. You will also learn how to avoid some common scams. The book explains where to trade and how to make money within 24 hours. You can develop into someone who buys and sells smaller types of “altcoins” too.
Most Frequently Asked Questions
- Is it possible to buy WLUNA using cash?
- Do you know of any fast ways to buy WLUNA from Europe?
- Is there an alternative platform to purchase WLUNA or Bitcoin using credit cards?
Can I buy WLUNA using cash?
WLUNA cannot be purchased with cash. You can however use marketplaces like LocalBitcoins for USDT first, then transfer your USDT to the AltCoin exchanges.
LocalBitcoins, a peer to peer Bitcoin exchange, is available. It allows users to trade and buy Bitcoins among each other. Traders are the people who create ads with the price and payment method they wish to offer. On the platform, you can buy from sellers in a specific area. It is a great place to buy Bitcoins if you don’t have the right payment method. However, prices can be higher than usual on this platform so you need to be careful to not get scammed.
Do you know of any fast ways to buy WLUNA from Europe?
Europe is a great place to buy cryptos. Online banks are available that allow you to open an account online and transfer funds to cryptocurrency exchanges like Uphold and Coinbase.
Is there an alternative platform to purchase WLUNA or Bitcoin using credit cards?
Yes. It is also very simple to use for purchasing Bitcoin with credit cards. You can exchange cryptocurrency instantly and purchase it with your bank card. The user interface is simple and the buying process is quite self-explanatory.
You can read more about Wrapped LUNA Token’s fundamentals here.
WLUNA Price Predictions and Price Movement
WLUNA has dropped 100 percent in three months. With its small market capitalization it is likely that this price movement will continue. Three months is still a long time in crypto and WLUNA’s price could rebound if the team is solid and delivers on its whitepapers. Traders need to be cautious. They should investigate WLUNA’s development team and potential growth of its technology.
Please be aware that this analysis is solely based on WLUNA’s historical price actions and does not constitute financial advice. Traders should always conduct their own research and be extra cautious when investing in crypto currencies.
Latest News from WLUNA
