Crypto Invest

5 Steps To Transfer From Huobi To Terra Station

Huobi to Terra Station

Last updated on November 26th, 2021

After you’ve bought some LUNA on Huobi, you may be wondering how to transfer it to Terra Station.

This is especially if you want to earn staking rewards with the LUNA that you own!

Here’s a guide on how you can do so:

How to transfer from Huobi to Terra Station

Here are 5 steps you’ll need to transfer your crypto from Huobi to Terra Station:

  1. Obtain your Terra Station wallet address
  2. Go to ‘Exchange Account’ on Huobi
  3. Select the cryptocurrency that you want to withdraw
  4. Enter the transaction details
  5. Receive your crypto in your Terra Station wallet

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.

Terra Station Obtain Withdrawal Details

Go to ‘Exchange Account’ on Huobi

On Huobi’s platform, you’ll need to go to ‘Exchange Account‘.

Huobi Select Exchange Account

This account allows you to deposit and withdraw cryptocurrencies from Huobi.

Select the cryptocurrency you wish to withdraw

Once you’re there, you can select the cryptocurrency that you intend to withdraw.

Huobi LUNA Withdraw

The main token that you can withdraw from Huobi to Terra Station will be LUNA. This is because Huobi does not support UST.

You will need to click on the ‘Withdraw‘ button.

Enter the details of the transaction

There are a few details that you’ll need to enter for each transaction.

Huobi LUNA Withdraw Details

This includes:

  1. Your Terra Station deposit address
  2. The transfer network (LUNA)
  3. Amount of LUNA that you want to transfer

Terra Station only supports the LUNA network. As such, you should be sending LUNA via the LUNA network, and not the HECO chain.

Receive your crypto in your Terra Station wallet

Once the withdrawal has been processed, you should receive your crypto in the Terra Station wallet.

Terra Station Wallet Receive LUNA

What are the fees for transferring from Huobi to Terra Station?

Huobi charges 0.02 LUNA for each withdrawal that you make. This is cheaper than what KuCoin charges you (0.1 LUNA).

However, there are some platforms such as OKEx which charge a much lower fee (0.016 LUNA). You can consider withdrawing from OKEx instead as they charge lower trading fees too.

Conclusion

Huobi 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, Huobi does not support UST on its platform. If you are looking to buy UST, you can consider either Gate.io or KuCoin instead.


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