Last update: Jun 6, 2022

How to Buy TerraUSD (UST)

So you’re looking for a guide on how to buy TerraUSD. Depending on where you’re based, you’ll have various cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy TerraUSD – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have TerraUSD of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy TerraUSD

Now that you have what you need to buy TerraUSD, head over to the market or buy section of the crypto exchange and buy some UST.

If the crypto exchange doesn’t have any TerraUSD on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has TerraUSD first), and trade your Ethereum for TerraUSD.

Where to Buy TerraUSD (UST)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell TerraUSD

1. Sign into the crypto exchange where you bought TerraUSD.
2. Move your TerraUSD to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell TerraUSD.

 

How to Buy TerraUSD (UST) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy TerraUSD in Australia, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy TerraUSD if it’s available. If the exchange doesn’t have TerraUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has TerraUSD), and trade your ETH for TerraUSD.

If you’d like to learn more about the exchanges we prefer, read our list of the top crypto exchanges in Australia.

How to Buy TerraUSD (UST) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy TerraUSD in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy TerraUSD if it’s available. If the exchange doesn’t have TerraUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has TerraUSD), and trade your ETH for TerraUSD.

Alternatively, if you want to know more about the exchanges we like, check our list of the best bitcoin brokers in Canada.

How to Buy TerraUSD (UST) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy TerraUSD in the UK, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy TerraUSD if it’s available. If the exchange doesn’t have TerraUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has TerraUSD), and trade your ETH for TerraUSD.

Also, check out our comparison of the best crypto platforms in the UK for those curious to know more about which ones we would recommend.

Considering buying TerraUSD? UST Rundown

TerraUSD (UST), is the Terra blockchain's decentralized, algorithmic stablecoin. It is a yield-bearing, scalable coin that can be value-pegged to US Dollar. TerraUSD was designed to provide value to Terra and to offer a scalable solution to DeFi's scaling problems that plague other stablecoin leaders such as Dai. TerraUSD promises its users higher scalability and accuracy in interest rates, as well as interchain usage.

TerraUSD has many advantages that make it an outstanding stablecoin rival. UST is able to meet the DeFi protocol requirements without losing scalability due to its minting method. TerraUSD can be added to crypto wallets easily by simply integrating UST as a payment method. TerraUSD's strength is also evident in DApps. Platforms that track real-life asset prices and mint fungible synthetic assets use UST to set their pricing benchmarks.

TerraUSD (UST), was launched in September 2020 by Bittrex Global. It has gained the reputation of being the most scalable stablecoin. UST can be used as a standalone token or in conjunction with LUNA (Terra's stablecoin crypto).

What makes TerraUSD (UST), unique:

• TerraUSD is an algorithmic stablecoin that has a value equal or greater than the face value of minted coins. You will need 1 LUNA reserve asset to issue TerraUSD. TerraUSD's monetary policies are almost limitless, which helps DeFi projects achieve their full potential.
• Easy Exchange - TerraUSD can be exchanged for TerraKRW using the Terra ecosystem's total liquidity. This means that TerraUSD can be exchanged for TerraKRW (their stablecoin pegged at the Korean Won) without any fees.
• Potential passive income - Users can also make passive income with TerraUSD and the Anchor protocol's fixed interest rates. Anchor promises a 20% return on UST saved. You can also earn steady income through the rewards you receive in PoS chains. These stability are maintained by inflation and commissions. This will allow you to create a reliable interest rate.
• Interoperability – TerraUSD's Dropship bridge protocol allows for the interoperability of blockchain ecosystems. Dropship integrates TerraUSD in many DeFi and DEX platforms and, most importantly, transfers assets between chains. TerraUSD's value is determined by LUNA demand and supply. As the Dropship protocol maintains scalability, a stable UST price is possible.

TerraUSD (UST), as it is commonly known, is the first decentralized stablecoin to provide interest earnings, amazing scalability, and simpler interchain movement.

Related:

• How to Buy Terra Virtua (TVK)
• How to Buy TetherUS (USDT)