Where and how to buy Terra Classic in Saudi Arabia
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Terra Classic order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor Terra Classic in your Bitget spot account
Alternative methods to obtain Terra Classic in Saudi Arabia
Convert crypto to Terra Classic with Bitget Convert
Swap on-chain assets to Terra Classic with Bitget Swap
Methods to obtain Terra Classic for free
Buy other cryptos
Buy Terra Classic in a different country
How to buy Terra Classic in other countries?
What can you do with Terra Classic?
Store/Hold Terra Classic
Many users hold on to their Terra Classic with the expectation of it increasing in value. You can store your LUNC safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Terra Classic
You can trade Terra Classic for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Terra Classic trading to meet your needs.
Send Terra Classic
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Terra Classic online and send to anyone and anywhere with their Terra Classic address.
Spend Terra Classic
You can also buy goods and services with your Terra Classic. More and more vendors and retailers accept Terra Classic every day.
Donate Terra Classic
Bitget Charity accepts Terra Classic donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Terra Classic so no one misses out on the growth made possible by blockchain.
Learn More About Terra Classic
You can read more in-depth articles on Terra Classic from Bitget Research and study how cryptocurrencies like Terra Classic work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Terra Classic
What Is Terra LUNA Classic (LUNC)?
The original name of Terra LUNA Classic is Terra (LUNA); the notorious project built on Cosmos that attempted to provide the ultimate algorithmic stablecoin UST (now USTC). After UST completely lost its peg in May 2022, the project was abandoned by developer team, but a group of Terra’s loyal supporters have picked up from there and continued the work.
How Terra LUNA Classic (LUNC) Works
LUNC remains the back-up token for USTC, meaning that an increase in LUNC value could eventually lead to the repeg of USTC. The latest move by Terra Rebels, people who are working for the revival of LUNC, is to introduce and pass the 1.2% tax burn proposal, which aims to effectively remove 1.2% of each LUNC transaction from the circulating supply. The tax is not imposed on swapping activities between USTC and LUNC. Several centralized exchanges (CEXs) have subsequently implemented the new mechanism.
How Many Terra LUNA Classic (LUNC) Tokens Are In Circulation?
Following the depegging event of USTC (back then UST) in May 2022, LUNC (formerly LUNA) was minted constantly to bring USTC value back to the US$1 mark. However, the plan got derailed when LUNC supply skyrocketed from 340 million to 6.2 trillion within a few days without USTC being saved. The current supply of Terra LUNA Classic stands at nearly 7 trillion tokens; and if a hypothetical 400 million LUNC is to be burned everyday, this mechanism would take almost seven years to get rid of the first 1 trillion LUNC tokens. More actions are therefore needed to speed up the process.
How to Buy Terra LUNA Classic (LUNC)
Consider investing in Terra Classic (LUNC)? It only takes 2 minutes to create an account on Bitget and start trading LUNC.
Check out the available LUNC trading pairs on Bitget!
Futures market
Spot market
LUNC on Bitget MegaSwap (ERC-20 BEP-20)
Related Pages
Buy Terra Classic in Saudi Arabia with Bitget
How to safely store your Terra Classic
- Sign up and transfer LUNC to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your LUNC.
How to withdraw Terra Classic with Bitget's hassle-free withdrawal process
The desert kingdom that is Saudi Arabia has known during the last two millennia two epochs of light, two golden ages. Saudi Arabia is the leading oil-producing country in the world. The country is also known for its hot and desert climate. English is widely used, while other languages spoken in the kingdom are Indonesian, Somali, Tagalog, Urdu, and Western Persian. The local currency is Saudi Riyal (SAR).
The surface of the Saudi territory is mainly occupied by deserts. However, the country shows very different faces. In the south, the Sarawat mountains are green. In the center, the Nadj is a steep region. The West and the North are covered with lava that creates huge sandy areas. The country is bathed by the Red Sea on its western part and the Persian Gulf on the east. Saudi Arabia covers more than 45% of the Arabian Peninsula. Some rivers cross the country. However, in the dry season, they are completely dried up.
Saudi Arabia's economy is mainly based on oil. It is, to this day, the leading producer of black gold, with more than a quarter of the world's total production locked up in its subsoil. Tourism is also an actor that plays an increasingly important role. In addition to pilgrimages, the country welcomes more and more travelers and can thus diversify its economy.
Whether you're in Medina, Mecca, Jeddah, Riyadh, or anywhere in Saudi Arabia, you can buy cryptos easily on Bitget. Bitget is one of the most secure cryptocurrency exchange platforms that acquired U.S. MSB License, Canada MSB License, and Australian (DCE) License to ensure you have the safest trading experience.
LUNC to local currency
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