How to buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase LUNA on BYDFi. We'll guide you through it
Choose how to purchase LUNA on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (LUNA). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 500+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store LUNA in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your LUNA to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy LUNA on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive LUNA
Trade
Answers
How Is Terra 2.0 Different?
Terra 2.0, or the new version of Terra, will no longer support stablecoins in its latest iteration, unlike the previous version, now known as Terra Classic or informally as Terra 1.0. The new Terra blockchain will support only LUNA as the primary digital asset for staking on its ecosystem.
The proof of stake blockchain network features innovative tech such as Mantlemint and Terra Station to offer an ecosystem with high transaction speeds, low transaction costs, and improved network security. The new Terra blockchain is designed to drive DeFi adoption while providing an attractive platform to develop Web 3.0 and NFT-based applications.
The new Terra network is an entirely different brand evolution from Terraform Labs, focusing on being a robust platform for dApps and their developers. On the other hand, Terra 1.0 or Terra Classic will continue to support stablecoins, driving the use of crypto and blockchain for payments worldwide.
Due to the significant difference in circulating supply, the Terra Classic token LUNC price differs vastly from the Terra LUNA price. The launch price of LUNA 2.0 was around $17.80, although the token trades well below this level as of March 2023. Higher adoption of the Terra ecosystem by dApps and users could drive up the Terra LUNA price and market cap.
How Much Will LUNA 2.0 be Worth?
It is impossible to make an accurate Terra LUNA 2.0 price prediction over any duration. However, we could see the price of LUNA 2.0 improve as the adoption of Terras ecosystem by dApp developers and end users grow in the future.
As of March 2023, the LUNA 2.0 price remains well below the all-time high that the old Terra (LUNA) 1.0 token has seen. While it may be an extremely challenging task for LUNA 2.0 price to touch the highest price of LUNA 1.0, it could make gains amid an uptick in investor confidence in Terra and an improvement in the overall market sentiment.
When the price of leading crypto assets like Bitcoin and Ethereum rise, the mood in the crypto market improves, and more buyers enter the space. Such a sentiment could power higher buying activity across the board and support LUNA price statistics, driving up the value of the Terra 2.0 native token.
Who Is Eligible for LUNA Airdrop?
According to the official confirmation by Proposal 1623, holders of the old LUNA (now LUNC) tokens, algorithmic stablecoin UST (now USTC) coins, and pre-attack aUST holders (UST staked on the Anchor Protocol) are eligible to receive airdrops of the LUNA 2.0 token.
The airdrops of the new tokens started immediately after the Genesis block's creation on the new Terra blockchain. 30% of the circulating supply of LUNA will be airdropped to users who held less than 10,000 LUNC before the attack or the de-peg of UST to US dollar. In addition, post-attack holders of LUNC, USTC, or both are eligible to receive airdrops of LUNA crypto.
Terra has also introduced the option of vesting LUNA to be unlocked over two years. The LUNA 2.0 tokens locked in vesting can fetch their holders staking rewards and be delegated to validator nodes within the network.
How to Get LUNA 2.0 Airdrop
If you are eligible for LUNA 2.0 airdrop, you can receive the free LUNA in the following ratios:
1. Pre-attack LUNA holders get LUNA 2.0 at a percentage of around 1:1.1.
2. Pre-attach aUST holders will get LUNA 2.0 airdrop at a 1:0.033 rate.
3. Post-attack LUNA holders will receive LUNA 2.0 airdrops at the rate of 1:0.000015.
4. Post-attack UST holders will receive an airdrop of new LUNA tokens at a rate of 1:0.013.
30% of the LUNA 2.0 tokens you are eligible to receive will be airdropped at Genesis on 27 May 2022. The rest of your airdrop will be unlocked based on a linear vesting schedule spanning two years with a six-month cliff.
How to Transfer LUNA to Terra Station
After buying LUNA on BYDFi or other exchanges, you can send your holdings to the native Terra Station wallet. All you need to do is withdraw your funds from your BYDFi trading account and send them to your external wallet.
1. Select the withdraw LUNA option in your BYDFi account. Enter the amount of LUNA you wish to transfer.
2. Enter your Terra Station wallet address as the destination address to which you wish to send your LUNA tokens.
3. Confirm the number of tokens and the withdrawal processing fee BYDFi will charge for the transaction before finalizing the withdrawal.
4. BYDFi charges a 0.1 LUNA fee on withdrawals, so ensure that you have sufficient funds in your account before withdrawing them to your Terra Station wallet.
What dApps Will Migrate or Redeploy to Terra 2.0?
Projects and assets running on the original Terra ecosystem will not automatically move to the new blockchain but will need to migrate themselves. Some of the leading dApps that have committed to the migration to Terra 2.0 include:
1. Astroport
2. Prism
3. RandomEarth
4. OnePlanet
5. Stader
6. Spectrum
7. Nebula
8. Anchor Protocol
