Your Trust Wallet is going to be a brand new one which means it will be empty. So you need to add crypto to it before you can buy Terra. Adding crypto assets to your wallet is simple, and you can do it using two options.<\/span><\/p>\nSend Crypto from an External Wallet<\/b><\/p>\n
The easiest way to fund your new wallet is to transfer crypto into it from an external source. But, you can only do this if you already have a wallet with crypto in it. Transfer crypto into your Trust Wallet with the following steps.<\/span><\/p>\n\n- Select \u201cReceive\u201d in your Trust Wallet and pick the crypto token you want to transfer in<\/span><\/li>\n
- A unique wallet address will be displayed for the token<\/span><\/li>\n
- Copy the address and open the external wallet where you have your tokens stored.<\/span><\/li>\n
- In the box for wallet address, paste the unique address copied from Trust Wallet. Then input the amount of crypto you are sending and confirm the transaction<\/span><\/li>\n<\/ul>\n
You will see the crypto funds in your Trust wallet within minutes.<\/span><\/p>\nBuy Cryptocurrencies using your Credit\/Debit Card\u00a0<\/b><\/p>\n
This is the option for those who don’t have any crypto holdings in another wallet. If you are new to crypto-investing, this might be the case.<\/span><\/p>\nThe great thing about Trust Wallet is that you can use your credit or debit card to buy crypto directly through it.\u00a0 You can do that by following the steps below.<\/span><\/p>\n\n- Select \u2018Buy\u2019 on the top part of your Trust Wallet app<\/span><\/li>\n
- All the tokens you can buy with your card will appear<\/span><\/li>\n
- You just have to select what you want. While you can choose any coin, it is advisable to go for Binance Coin (BNB)<\/span><\/li>\n
- You will also go through a Know Your Customer (KYC) process. This is needed to confirm your identity since you are buying with fiat currency<\/span><\/li>\n
- The KYC process generally includes inputting your personal details and uploading an image of a government-issued ID<\/span><\/li>\n
- After completing the KYC process, input your card information, the amount of crypto you want to buy, and confirm<\/span><\/li>\n<\/ul>\n
Within seconds, the crypto will show in your wallet.<\/span><\/p>\nStep 3: How to Buy Terra through Pancakeswap<\/b><\/span><\/h3>\nAfter you have funded your wallet, you are now ready to buy Terra from Pancakeswap. First, connect your Trust Wallet to Pancakeswap, as previously explained. Then, buy Terra by directly swapping it with the crypto you have within your Trust Wallet.\u00a0<\/span><\/p>\n<\/p>\n
Here is the process.<\/span><\/p>\n\n- Select ‘DEX’ on the Pancakeswap page and click the ‘Swap’ tab<\/span><\/li>\n
- The \u2018You Pay\u2019 tab will be displayed and here, choose the token you are paying with and the amount\u00a0<\/span><\/li>\n
- This must be the crypto you bought with your card or transferred from an external wallet in Step 2<\/span><\/li>\n
- Next, go to the \u2018You Get\u2019 tab and from the tokens on the drop-down list – pick Terra<\/span><\/li>\n
- The system will show you the amount of Terra the swapping equates.<\/span><\/li>\n
- The next step is to select ‘Swap’ and complete the transaction<\/span><\/li>\n<\/ul>\n
Check your Trust Wallet to find the Terra you just bought<\/span><\/p>\nStep 4: How to Sell Terra<\/b><\/span><\/h3>\nEveryone has a reason for buying crypto tokens. If you are investing, your goal will be to make a profit. Since you need to sell or trade your crypto to realize its value, it\u2019s important to understand the process accordingly.\u00a0<\/span><\/p>\nThere are different ways to sell your Terra tokens. Your strategy will generally depend on your goal.<\/span><\/p>\n\n- If you want to swap Terra with another token, you can do so on Pancakeswap. You simply need to swap it for another crypto using the same process explained in Step 3<\/span><\/li>\n<\/ul>\n
\n- The only thing you will do differently here is that Terra will be the coin you choose in the ‘You Pay’ section<\/span><\/li>\n
- But if you want to cash out on your Terra tokens for fiat money, you will have to sell them elsewhere.. You can do this using a third-party cryptocurrency exchange.\u00a0<\/span><\/li>\n<\/ul>\n
The main Binance exchange is good for this purpose. You just need to transfer your Terra tokens to Binance or any exchange you are using. Next, sell them for fiat money, after which you can withdraw your funds into your bank account.\u00a0<\/span><\/p>\nHowever, note that you cannot access the withdrawal facility on Binance without completing a KYC process.<\/span><\/p>\nWhere can you buy Terra Online?<\/b><\/span><\/h2>\nTerra has a maximum supply of 1 billion tokens, and at the time of writing, it is part of the top 50 cryptocurrencies in terms of market capitalization. This makes it a popular token and one that you can easily buy through different centralized exchanges.\u00a0<\/span><\/p>\nBut, if you are planning to buy Terra seamlessly, the best platform for you is a decentralized exchange like Pancakeswap. There are several reasons for this – as we explain below.<\/span><\/p>\nPancakeswap – Buy Terra Through a Decentralized Exchange<\/b><\/span><\/h3>\nPancakeswap is, first of all, a decentralized exchange. This means using it to buy Terra takes away the need for an intermediary. Its advantages are numerous, and we will touch on a few here. One of its several advantages is the many staking opportunities on the platform.\u00a0<\/span><\/p>\nThis allows you to stake the token you are not using and get high rewards on them. Next is the platform\u2019s low transaction costs, which makes it cheap to use. Coupled with this, you don’t need to complete any KYC process before using it.\u00a0 As long as you have a compatible wallet that\u2019s funded, you are good to go. The farms available on the exchange are also great perks of using Pancakeswap.\u00a0<\/span><\/p>\n<\/p>\n
You can utilize these farming opportunities to earn rewards. These rewards can be incredible when you provide liquidity. But you should be aware of the risks that come with farming too.\u00a0 You will also have access to many coins apart from Terra. So, if you plan to buy other Defi coin and diversify your crypto holdings, Pancakeswap is the platform to do it.\u00a0 You will even find coins that are not listed on other exchanges.\u00a0<\/span><\/p>\nAs we mentioned earlier, Pancakesawap can be accessed directly from within the Trust Wallet app. Therefore, if you have a coin in mind but don\u2019t have any crypto funds to hand – Trust Wallet allows you to make a purchase with your debit\/credit card. Then, it\u2019s just a case of linking the Trust Wallet to Pancakeswap and buying your preferred Defi coin in a decentralized manner.<\/span><\/p>\nPros:<\/b>
\n\n
\n- <\/i> Exchange digital currencies in a decentralized manner<\/li>\n
- <\/i> No requirement to use a third party when buying and selling cryptocurrency<\/li>\n
- <\/i> Supports a sizable number of digital tokens<\/li>\n