How to Buy Terra USD (UST) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Terra USD, and is trustworthy!

You can find our top 3 exchanges for buying Terra USD here, alternatively you can also check our comparison of the best crypto trading platforms in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Terra USD

And of course, the final step is to find Terra USD on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Terra USD (UST)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Terra USD

  1. Sign into the exchange
  2. Find where you stored your Terra USD, either on a hardware wallet or on the exchange.
  3. Transfer your Terra USD to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Terra USD.
Businessman looking at crypto trend

Considerations when looking to buy Terra USD.

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 benchmark.

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).

TerraUSD Advantages (UST):

  1. Enhanced Scalability - TerraUSD is an algorithmic stablecoin that has a value equaling the face value of minted steadycoins. 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.
  2. Easy Exchange - TerraUSD and TerraKRW are the stablecoins that share the total liquidity. This means you can exchange TerraUSD for TerraKRW (their stablecoin pegged at the Korean Won) without paying any fees.
  3. Passive Income Potential - Users can also earn passive income with TerraUSD's stable interest rates and Anchor protocol. 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.
  4. Interoperability - TerraUSD can be connected to blockchain ecosystems using the Dropship bridge protocol. Dropship connects TerraUSD to 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.