Last updated on March 7th, 2022
If you have purchased some LUNA on Crypto.com, you may be wondering how to transfer it to Terra Station, where you can earn staking rewards.
Here’s a step-by-step guide to get you started:
Contents
How to transfer from Crypto.com to Terra Station
Here are 5 steps to transfer LUNA from Crypto.com to Terra Station:
- Obtain your Terra Station wallet address
- Select Withdraw to External Wallet on the Crypto.com App
- Add your Terra Station wallet address as the recipient address
- Confirm the transaction on Crypto.com App
- Receive the funds on Terra Station
Obtain your Terra Station wallet address
The first thing you’ll need to do is to obtain your Terra Station wallet address.
This can be done by using either the Terra Station app, or the Google Chrome extension.
On either platform, you can click to determine the deposit address. This is where you’ll be sending LUNA to.
If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them using Unstoppable Domains.
This allows you to send crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!
Select Withdraw to External Wallet on the Crypto.com App
After obtaining the address from Terra Station, you will need to head to the Crypto.com App. You’ll need to go to ‘Transfer‘,
and select ‘Withdraw‘.
On the next page, you will need to select ‘Withdraw Crypto‘,
and then select ‘External Wallet‘.
Add your Terra Station wallet address as the recipient address
You will be asked to add a wallet address to your whitelist.
After that, search for LUNA,
and this will bring you to the ‘Wallet Address Details‘ page.
Crypto.com only allows you to withdraw LUNA using the LUNA network.
On this page, you will need to enter the address that you’ve obtained from your Terra Station wallet.
When depositing to your Terra Station wallet, you are not required to enter a memo.
Even though the Crypto.com App warns you regarding the memo, there is no need to worry about it!
Confirm the transaction on Crypto.com App
After you have added your Terra Station wallet address to Crypto.com, you are able to withdraw LUNA to that address.
The last step you’ll need to do is to enter the amount of LUNA that you wish to transfer to your Terra Station wallet.
Receive the funds crypto on Terra Station
Once the withdrawal has been processed, you should receive your crypto in the Terra Station wallet.
What are the fees for transferring from Huobi to Terra Station?
Crypto.com charges 0.015 LUNA for each withdrawal that you make. This is cheaper compared to other platforms, such as:
Conclusion
Crypto.com is an option if you intend to transfer LUNA to your Terra Station wallet. This will allow you to stake LUNA to earn higher rewards!
However, Crypto.com does not support UST on its platform. If you are looking to buy UST, you can consider either Gate.io or KuCoin instead.
👉🏻 Referral Deals
If you are interested in signing up for any of the products mentioned above, you can check them out below!
Crypto.com Referral (Get up to $25 USD worth of CRO)
If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.
We will both receive $25 USD worth of CRO in our Crypto Wallet.
Here’s what you’ll need to do:
- Sign up for a Crypto.com account
- Enter my referral code: ‘x2kfzusxq6‘
- Stake enough CRO to unlock a Ruby Steel card or higher
The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.
You can read more about the referral program on Crypto.com’s website.
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