Terra Price CAD

Explore and compare the price of Terra with the other popular digital currencies we offer below.
From: May 20, 2021To: May 20, 2022

What is Terra (LUNA) ?

Terra is a protocol that allows users to create fiat-pegged algorithmic stablecoins supported by an ecosystem of decentralized applications (dApps). Terra was created in 2018 by Terraform’s co-founders Daniel Shin and Do Kwan in an effort to improve upon the world’s current financial infrastructure by integrating blockchain in digital transactions.

LUNA is a utility token and the native cryptocurrency of the Terra network. Through the protocol’s algorithm, LUNA adjusts its supply to create stability in the price of the stablecoins it supports. LUNA both powers the stablecoins in the Terra network and enables users to process transactions on the network.

The LUNA token not only serves as collateral for the network’s stablecoins, it can also be used as a governance token to vote on changes to Terra’s protocol. Additionally, the token can be used for staking in the protocol’s consensus mechanism.

How to buy Terra (LUNA) in Canada

Buying Terra (LUNA) in Canada as well as other digital currencies is simple and secure with Bitbuy. Here’s how it works:

  1. Create Your Account: When you sign up to create an account on Bitbuy, you will be asked to confirm your email address, phone number and verify your identity.
  2. Add Funds: Before you can buy LUNA in Canada, add funds to your account directly with Interac eTransfer or Bank Wire. 
  3. Buy and Sell LUNA: Once you’ve sent money to your account, you can buy LUNA instantly.  Bitbuy also makes it easy to sell USDC in Canada. Exchange your LUNA for CAD and withdraw the funds back into your bank account.

If at any point you need help signing up, verifying your account, adding funds, or buying and selling LUNA, just get in touch with customer support for same-day assistance.

The Best Place to Buy Terra (LUNA) in Canada

Bitbuy is one of the best and safest place to buy Terra (LUNA) in Canada. Here is why:

Safe and Secure 

Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 95% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. The core of our mission at Bitbuy is making you feel safe that your digital currency is protected!

The Lowest Fees 

Bitbuy offers some of the lowest buy and sell fees available in Canada. You can check out our trading fees and processing times before you buy Terra (LUNA).

Award-winning Customer Support 

Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and convenient. 

Our customer support is one of the big differences between Bitbuy and other exchanges. You can talk to a real person over email or on the phone. It’s an essential part of simplifying cryptocurrency for everyone.

Easy Funding 

Interac eTransfer is the most popular way to pay online in Canada. Canadians want to buy Terra (LUNA) with Interac, but banks don’t make it easy. Bitbuy exists to simplify the process when you want to buy LUNA in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.