Where and how to buy Terra 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 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 in your Bitget spot account
Alternative methods to obtain Terra in Saudi Arabia
Convert crypto to Terra with Bitget Convert
Swap on-chain assets to Terra with Bitget Swap
Methods to obtain Terra for free
Buy other cryptos
Buy Terra in a different country
Buy other cryptos in your region
How to buy Terra in other countries?
What can you do with Terra?
Store/Hold Terra
Many users hold on to their Terra with the expectation of it increasing in value. You can store your LUNA safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Terra
You can trade Terra for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Terra trading to meet your needs.
Send Terra
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Terra online and send to anyone and anywhere with their Terra address.
Spend Terra
You can also buy goods and services with your Terra. More and more vendors and retailers accept Terra every day.
Donate Terra
Bitget Charity accepts Terra donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Terra so no one misses out on the growth made possible by blockchain.
Learn More About Terra
You can read more in-depth articles on Terra from Bitget Research and study how cryptocurrencies like Terra work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Terra
What is Terra (LUNA)?
Terra is a blockchain network that is designed for e-commerce and decentralized finance with the main utility and governance token, LUNA. It was released in 2018 by Do Kwon and Daniel Shin of Terraform Labs, and quickly became one of the most prominent projects in the crypto sphere.
In 2022, Terra went through a complete meltdown after $2 billion worth of token was unstaked, leading to the depeg of the USD-pegged stablecoin UST, the collapse of the blockchain, and the tanking of the whole crypto market. After the event, Do Kwon announced a recovery plan with a hard fork: the old Terra blockchain is now called Terra Classic and the collapsed LUNA token has become LUNC (LUNA Classic), while the new blockchain and its new token adopt the names Terra and LUNA (or Terra 2 and LUNA 2), respectively.
How Terra (LUNA) Works
With the aim to facilitate e-commerce in real life, Terra has a wide range of fiat-backed stablecoins, including those for USD, EUR, GBP, KRW, JPY, etc., alongside a utility and governance token called LUNA. One special thing about these stablecoins is that they are not ensured by any reserves, but rather their prices are determined by "algorithm", hence the name algorithmic stablecoins. LUNA is used as a collateralization mechanism of these stablecoins, so it does not have a hard cap of total supply.
With this system in place, Terra provides a fast, cheap, and relatively-non volatile environment for decentralized commerce and finance.
How Many Terra (LUNA) Tokens Are in Circulation?
At the moment, 1,004,262,701 LUNA tokens are in total supply. Among those, 127,475,474.31 are in circulation.
How to Buy Terra (LUNA)
Consider investing in Terra (LUNA)? It only takes 2 minutes to create an account on Bitget and start trading LUNA.
Check out the available LUNA trading pairs on Bitget!
Futures market
Spot market
Terra (LUNA) Resources
Buy Terra in Saudi Arabia with Bitget
How to safely store your Terra
- Sign up and transfer LUNA to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your LUNA.
How to withdraw Terra 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.
LUNA to local currency
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