In Canada, one of the easiest ways to buy LUNA is through Coinberry. In this popular crypto trading platform with over 220K Canadians already signed up, creating an account is quick and easy. Customers can also quickly fund their account with as little as $50 CAD through e-Transfer.
Click the following link to learn more about how to How to buy Maker (MKR) in Canada with Coinberry.
Why thousands of customers choose Coinberry
Customers have found it quick and easy to create an account and buy crypto. Mostly it’s like creating a new email address or new social media profile.
Here are the steps to start buying LUNA and other crypto:
- Create an account, enter email and password (whether through the website or mobile app)
- Verify account (you’ll receive a verification link or code in your email and phone)
- Verify identity (get your government-issued ID and phone ready, also prepare for video verification selfie)
- Fund account (via Interac e-Transfer, wire transfer, or existing crypto assets from an external wallet)
- Buy LUNA (click Buy, enter amount, confirm order, and view the receipt)
With as little as $50 CAD, customers can immediately buy crypto and start learning more about crypto trading. With this quick and easy process, customers have been able to start their journey without going through a steep learning curve.
Start quickly, learn more later
Signing up is quick and easy and it’s possible that within minutes you can buy a bit of LUNA and other cryptocurrencies. There’s minimal risk because you can start with a small amount and add more funds as you see fit.
Later on customers can always learn more about how cryptocurrency and blockchain works. Coinberry has prepared a list of detailed guides and learning resources so customers can get valuable insights about crypto. Also, Coinberry publishes timely news and articles that help customers avoid scams and mistakes as well as quickly take advantage of emerging opportunities and trends.
Coinberry also has a friendly and active Live Support where customers can instantly receive answers to their questions and concerns. If an issue has been raised, the team is quick to respond and act. This way, the customers’ experience will always be smooth. This in turn will help them better focus on their crypto trading journey and on tracking the market trends.
No CAD deposit and withdrawal fees
Thousands of customers have chosen Coinberry because of their zero percent deposit and withdrawal fees. This means customers can save money and invest that in other cryptos and spread their risk (or put more funds in LUNA and other tokens).
But how does Coinberry make money? After all, most of us are already aware of how trading platforms earn money through transaction fees. Although usually it’s just a small percentage of the total transaction amount, those fees and charges can quickly accumulate.
As a result, the customers’ profits from their smart trades become thinner. The only ones that benefit from that setup are the platforms that charge unreasonable fees. It’s totally different with Coinberry because they maintain a zero percent deposit and withdrawal fee.
They make money by working behind the scenes where they buy crypto at discounted rates from their network of liquidity providers and then selling that discounted crypto at the listed prices to their customers.
Customers lose nothing from that setup because the transactions happen between Coinberry and the liquidity providers. It’s a total win-win solution that allows customers to get more value from their funds and investments.
Compliance and customer protection
Coinberry is registered with the Ontario Securities Commission (OSC) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
This means the company complies with the latest regulations to help protect customers and prevent financial crimes. Aside from protecting the customers, this also benefits Canada and its citizens because large-scale crimes can be prevented by accurate and timely reporting of financial transactions.
Coinberry also complies with the Personal Information Protection and Electronic Documents Act (PIPEDA). This compliance is important in protecting the customers’ personal information and building trust in the digital economy as a whole. It’s also important in limiting the use of information within its agreed uses as known by the customers.
Is it a good time to buy Terra (LUNA)?
LUNA’s prices recently crashed and there’s a LUNA 2.0 (existing LUNA stakers and holders received free tokens). However, some investors have immediately sold off their free tokens to somehow recoup their earlier losses. As a result, LUNA’s prices dropped again and this trend might continue.
There are others who think that it’s inevitable for LUNA to bounce back. With its current low prices, there’s much more room to grow (the upside potential is huge). However, it’s also possible for the prices to drop even further. This happens not just in LUNA but also in most other tokens and cryptocurrencies.
A crypto’s price can either rapidly go up or down. It’s the cryptocurrency’s nature, especially when we’re talking about billions of dollars worth of trades and hundreds of thousands of transactions per day.
We also have to be wary of algorithms that magnify both gains and losses. A crypto’s price can immediately rise or drop because of an algorithm that’s further fueled by the public’s actions and sentiments. It’s crucial to keep these in mind as you purchase Canada Terra (LUNA).
Why still invest in LUNA and other cryptocurrencies?
Investment activity in cryptocurrencies is still dynamic and continuous. Although some investors have slowed down a bit, there are still many who continue to take advantage of crypto’s low prices lately.
As with most other investments and given the market’s volatility, the mindset should always be “Only invest what you’re willing to lose.” In other words, investing is about exposing ourselves to huge upsides and opportunities in case they appear and happen.
Coinberry has made it possible and easy for beginners to be exposed to potential upsides and opportunities. Through a quick and easy signup and getting started with as little as $50 CAD, the risk is minimal especially if you’re just exploring first and want to find out what crypto and blockchain is all about.