Luna Wallet: How To Store Terra Luna In A Wallet
Following the catastrophic Terra Luna crypto meltdown, which sent Luna prices spiraling out of control, some consumers are still asking about where to buy Luna and how to utilize a Luna Wallet.
Do Kwon, the creator of Terraform Labs, announced a new Luna fork proposal on May 16 that will help the Luna recovery by allowing consumers to investigate and consider purchasing the dip for real.
While purchasing Luna is simple and quick, keeping it in various wallets necessitates its own little tutorial. Let's look at how Terra Luna may be stored in various crypto wallets.
Terra Luna Storage on Terra Station Wallet
Terra Station, the Luna wallet most directly related to the Terra environment, is one of the most popular places to store Luna.
To put Luna in a Terra Station wallet, you must first:
- Open the Terra Station desktop tab and click Create Wallet.
- Type in your credentials and confirm your password.
- Save the 24-word seed phrase for future reference.
- Confirm the seed phrase.
Following that, you must purchase Luna from an exchange or another wallet and transfer it into Terra Station. For example, you can purchase Luna on Binance and then withdraw Bitcoin to Terra Station by putting your wallet's address into Binance.
After you've gotten your Luna, you can keep it, stake it, or transfer it to someone else.
Holding and staking Luna on Terra Station also allows you to vote on ecological governance issues. This comprises ideas for a Luna burn and voting on the forthcoming Luna fork.
How Do You Put Luna In Your Trust Wallet?
- Users who want to store Luna in Trust Wallet should follow the instructions listed below:
- Create an account with Trust Wallet after downloading it.
- Terra Luna should be found.
- To purchase LUNA, add money/crypto to your debit or credit card.
- Connect to PancakeSwap by tapping on the DApps icon in the app's lower section.
- Terra may be purchased and stored in your Trust Wallet.
One last point for anyone considering storing Luna in a Coinbase Wallet. While a fresh Coinbase new listing for Luna was anticipated for June, it currently appears that this will not happen, and Luna will remain unlisted on Coinbase. This implies that you won't be able to deposit Luna on Coinbase.
Wrapped Luna is still accessible on Coinbase, however, on May 27 it will be removed.