What are the methods to sell Terra(LUNA) coins?

Selling LUNA coins on peer-to-peer marketplaces, such as LocalBitcoins, involves finding local traders interested in purchasing LUNA and agreeing on a price and payment method.

Dec 10, 2024 at 08:36 am

Methods to Sell Terra (LUNA) Coins

1. Cryptocurrency Exchanges:

• Binance: Binance is the world's largest cryptocurrency exchange and offers a wide variety of trading pairs, including LUNA/USDT and LUNA/BTC.
• KuCoin: KuCoin is another popular cryptocurrency exchange with a wide selection of trading pairs, including LUNA/USDT and LUNA/BTC.
• Huobi Global: Huobi Global is a well-established cryptocurrency exchange with a strong focus on the Asian market. It offers trading pairs for LUNA/USDT and LUNA/BTC.

Steps to Sell LUNA on Binance:

a) Create a Binance account and complete KYC verification.
b) Fund your account with a supported cryptocurrency or fiat currency.
c) Navigate to the "Spot" trading page and select the LUNA/USDT or LUNA/BTC trading pair.
d) Enter the amount of LUNA you wish to sell and click "Sell."
e) Confirm the transaction and your LUNA will be sold at the current market price.

2. Decentralized Exchanges:

• TerraSwap: TerraSwap is a decentralized exchange built on the Terra blockchain. It allows users to swap LUNA for other Terra-based assets.
• Osmosis: Osmosis is a decentralized exchange that enables cross-chain asset swaps. It supports the LUNA/OSMO trading pair.
• Serum: Serum is a decentralized exchange built on the Solana blockchain. It offers the LUNA/SRM trading pair.

Steps to Sell LUNA on TerraSwap:

a) Install the Terra Station wallet and create a new wallet or import an existing one.
b) Fund your wallet with LUNA.
c) Connect your wallet to TerraSwap.
d) Select the LUNA/USDT or LUNA/BTC trading pair.
e) Enter the amount of LUNA you wish to sell and click "Swap."
f) Confirm the transaction and your LUNA will be sold at the current market price.

3. Peer-to-Peer Marketplaces:

• LocalBitcoins: LocalBitcoins is a peer-to-peer marketplace that facilitates the buying and selling of cryptocurrencies with local traders.
• HodlHodl: HodlHodl is another peer-to-peer marketplace that offers escrow services for cryptocurrency transactions.
• Paxful: Paxful is a peer-to-peer marketplace that allows users to buy and sell cryptocurrencies using various payment methods.

Steps to Sell LUNA on LocalBitcoins:

a) Create an account on LocalBitcoins and complete KYC verification.
b) Post an ad to sell LUNA for your desired payment method.
c) Respond to buyers who are interested in purchasing LUNA from you.
d) Agree on a price and payment method with the buyer.
e) Transfer your LUNA to the buyer's wallet once payment is received.

4. Over-the-Counter (OTC) Trading:

OTC trading involves buying or selling LUNA directly with a market maker or broker. This method is typically used by large traders or institutional investors who require higher liquidity and customization.

Steps to Sell LUNA Over-the-Counter:

a) Identify an OTC trading platform or broker.
b) Contact the platform and provide your LUNA selling requirements.
c) Negotiate a price and settlement terms with the counterparty.
d) Transfer your LUNA to the platform's or broker's wallet once the trade is agreed upon.