Convert
Swiss Franc (CHF) to LUNA Terra 2.0 (LUNA) Instantly
Purchase LUNA Terra 2.0 (LUNA) with Swiss Franc (CHF) easily at Switchere and benefit from fast, secure transactions.
About
LUNA Terra 2.0 (LUNA)
Terra 2.0 (LUNA) represents a new public blockchain launched as a community-driven initiative to revive the vibrant Terra ecosystem following the de-pegging of its original algorithmic stablecoin, UST. This new digital ledger operates independently of the original chain, now known as Terra Classic (LUNC), and crucially, does not feature an algorithmic stablecoin in its design. The primary objective is to preserve the valuable developer community and the wide array of decentralized applications (dApps) that were built on the original Terra network, providing them with a new foundation for growth and innovation within Web3 infrastructure.
Built using the Cosmos SDK and secured by the Tendermint proof-of-stake consensus mechanism, the Terra 2.0 blockchain prioritizes performance and interoperability. The native digital asset, LUNA, is central to the network's operation. Its primary functions are as a utility token for transaction fees and as a staking token, where validators and delegators lock up LUNA to secure the decentralized network and earn rewards. Furthermore, LUNA serves as the governance token, empowering holders to vote on key on-chain governance proposals that direct the future development and treasury management of the ecosystem, aiming to rebuild a robust hub for DeFi applications.
How to Buy LUNA Terra 2.0 (LUNA)
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Frequently asked questions
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What is the most common way to buy LUNA with Swiss Franc (CHF)?
The most common method is through a centralized cryptocurrency exchange that provides a CHF fiat on-ramp. This process involves creating an account, completing KYC/AML compliance, and depositing Swiss Francs via a bank transfer. Once the CHF is credited to your exchange account, you can place an order to buy LUNA, the native governance token of the Terra 2.0 blockchain, which is built on the Cosmos SDK. -
What is the strategic advantage of using the CHF/LUNA pair for trading?
The CHF/LUNA pair provides a direct fiat gateway for Swiss Franc holders to access the Terra 2.0 ecosystem without intermediate currency conversions. This can reduce transaction fees and complexity, allowing for seamless acquisition of LUNA for participation in on-chain governance, staking with validators on the Phoenix-1 mainnet, or interacting with dApps. -
What kind of fees should I expect when converting CHF to LUNA?
The total cost typically includes three parts: a deposit fee for your CHF transfer from your bank, a trading fee on the cryptocurrency exchange (often a maker/taker model), and a withdrawal fee to move your LUNA to a non-custodial digital wallet. Be aware that subsequent on-chain transactions with LUNA on the Terra 2.0 blockchain will also incur network gas fees. -
How can I securely store my LUNA tokens after purchase with CHF?
For secure storage, it is a security best practice to transfer your LUNA from the exchange to a non-custodial digital wallet. This gives you full control over your private keys. Recommended options include the official Station wallet or other wallets compatible with the Cosmos ecosystem. For long-term holding, using a hardware wallet provides the highest level of security. -
Are there specific regulatory considerations, like FINMA guidelines, when trading CHF for LUNA?
Yes, any cryptocurrency exchange operating with Swiss Francs must adhere to Swiss regulations, which are overseen by FINMA. This means platforms will enforce strict KYC/AML (Know Your Customer/Anti-Money Laundering) procedures for all users making a digital asset purchase with CHF. Users must typically provide government-issued ID and proof of address to ensure compliant and secure trading.