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Convert
Pound sterling (GBP) to LUNA Terra 2.0 (LUNA) Instantly

GBP GBP
LUNA LUNA
Buy LUNA Terra 2.0 (LUNA)

Purchase LUNA Terra 2.0 (LUNA) with Pound sterling (GBP) 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.

LUNA Terra 2.0 (LUNA)

How to Buy LUNA Terra 2.0 (LUNA)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose GBP to LUNA Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your LUNA Terra 2.0 Wallet Address

    Provide your LUNA wallet address and proceed with the payment.

  3. 03

    Receive Your LUNA Terra 2.0

    Complete the payment, and your LUNA will be sent to your wallet.

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Frequently asked questions

  • What is the most common way to buy Terra 2.0 (LUNA) with Great British Pounds (GBP)?

    The most common method is using a centralized cryptocurrency exchange that offers a GBP/LUNA trading pair or a GBP fiat on-ramp. Users typically complete KYC/AML compliance, deposit GBP via UK Faster Payments or a debit card, and then execute a trade on the platform's order book. This process directly converts your pounds into LUNA on the new Terra blockchain, known as the Phoenix-1 mainnet.

  • What is the key difference between LUNA (Terra 2.0) and LUNC (Terra Classic) when trading with GBP?

    When purchasing LUNA with GBP, you are acquiring the native token of the new Terra blockchain, which was launched as part of a community-led revival plan and operates on the Phoenix-1 mainnet. LUNC is the original chain's token, now called Terra Classic. They are separate digital assets on distinct blockchains built with the Cosmos SDK. Ensure your exchange explicitly lists 'LUNA' or 'Terra 2.0' for the GBP pair to avoid acquiring the wrong asset.

  • Are there specific regulatory considerations for GBP to LUNA transactions in the UK?

    Yes, any cryptocurrency exchange offering fiat on-ramp services for GBP must comply with UK regulations, including stringent KYC/AML procedures overseen by the Financial Conduct Authority (FCA). This means you must verify your identity before you can purchase digital assets like LUNA. Additionally, some UK banks may have their own policies regarding transactions to crypto exchanges, so it's wise to check with your bank beforehand.

  • What are the primary uses for LUNA tokens within the Terra 2.0 ecosystem after purchasing them?

    After acquiring LUNA, its primary utility is within the Terra 2.0 ecosystem. You can engage in staking LUNA with validators to help secure the network, which operates on a Tendermint consensus mechanism, and earn rewards. Additionally, LUNA is used for governance, allowing token holders to vote on governance proposals that shape the future of the blockchain. It also serves as the primary asset for transaction fees and for interacting with various decentralized applications (dApps) built on Terra.

  • What types of fees should I expect when converting GBP to LUNA on a cryptocurrency exchange?

    There are typically three types of fees. First, a deposit fee for your GBP, although deposits via UK Faster Payments are often free on many platforms. Second, a trading fee, which is a small percentage of the transaction value when you buy LUNA from the order book. This can be a 'maker' or 'taker' fee depending on your order type. Third, a withdrawal fee if you move your LUNA from the exchange to a secure, self-custody digital wallet, which also includes the network's blockchain transaction fee.
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