Understanding LUNA Coin Transactions
LUNA (now LUNC after the Terra collapse) remains a traded asset on major exchanges like OKX. Here's how to securely buy, trade, and withdraw LUNA/USDT pairs:
How to Buy LUNA with USDT
Deposit USDT: Transfer USDT to your OKX funding account via:
- OMNI (slow, high fees)
- ERC-20 (moderate speed/fees)
- TRC-20 (fast, low fees)
Trade for LUNA:
- Navigate to Spot Trading → Search LUNA/USDT pair → Place limit/market orders.
Withdrawing LUNA or Converting to Fiat
- LUNA Withdrawal: Select the correct chain (e.g., Terra Classic network for LUNC) and enter external wallet address.
- USDT to Fiat: Sell LUNA for USDT → Withdraw USDT via bank transfer/P2P (varies by region).
Key Considerations
Transaction Speeds & Fees
| Network | Speed | Avg. Fee |
|----------|-------------|----------------|
| OMNI | 30-60+ mins | High (~$10+) |
| ERC-20 | 5-20 mins | Moderate (~$5) |
| TRC-20 | <5 mins | Low (~$1) |
👉 Compare networks for optimal transfers
Security Tips
- Double-check addresses and MEMO/TAG fields for compatible chains.
- Enable 2FA and whitelist withdrawal addresses.
FAQs
Q: Why is my LUNA withdrawal delayed?
A: Confirm the receiving platform supports the chain (e.g., TRC-20). Delays may occur during network congestion.
Q: Can I trade LUNA directly for fiat?
A: No—convert LUNA to USDT first, then sell USDT via P2P/bank transfer.
Q: Are OKX internal transfers faster?
A: Yes! Transfers between OKX accounts are instant and fee-free.
For seamless crypto trading, leverage OKX’s tools:
👉 Start trading LUNA/USDT today
Always verify transaction details before submitting.
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