What is a Terra wallet
First things first: what is a Terra wallet and what is it used for?
A Terra wallet is a place where you store and access your LUNA tokens. Basically, it identifies you as the owner of your crypto and provides an address where you can receive your tokens.
Crypto wallets are decentralized: there's no single authority issuing them, and there are plenty of options to choose from. The important thing to remember is that they all work the same. A simple online Terra wallet does exactly the same thing as a dedicated hardware device.
Any LUNA wallet has a public address that may be freely shared and a private key that must be kept secure. Anyone who has access to your private key can also access your crypto.
At Paybis, we offer a free Terra wallet with a special focus on security and ease-of-use. Scroll up to check out our safety features and see why this is the safest Terra wallet out there! And, as to ease-of-use – check out how easy it is to set one up!
Setting up your Terra wallet
Our Terra wallet is an online wallet which you can set up and access right from your Paybis profile.
If you don't have a Paybis profile, don't worry – you can set one up in just a few minutes, and you don't have to buy anything. If you have one, log on and proceed:
Click the “Wallets” tab or “Open wallet” button;
Click “Add wallet” and choose “Terra” from the dropdown menu;
Enjoy your free LUNA wallet!
It's that simple – and you now have a fully fledged Terra wallet. In fact, if ease of use is important for you, this may be the best wallet for LUNA! Now, let's see what you can do with it.
Using your LUNA wallet
Now that you know what is a Terra wallet, what can you do with it?
The obvious answer, of course, is to store some crypto in it. You can deposit it from another wallet using your public address, or you can buy it right here at Paybis. And rest assured: you're HODLing your crypto in a safe Terra wallet.
You can also send your crypto to another wallet: we do not place any restrictions on withdrawals, and only the standard transaction fees apply.
And you can always access your wallet right from your Paybis profile – no worries about losing your private key.
So what do you think – is this the best Terra wallet for you? Sign up and find out!
