Crypto

4 Steps To Send ANC To Terra Station

Send ANC To Terra Station

Last updated on March 7th, 2022

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If you have bought some ANC on an exchange and are looking to send it to Terra Station, you will need to send it via the Terra network.

Here’s a step-by-step guide on how you can do so:

How to send ANC to Terra Station

Here are 4 steps to send ANC to your Terra Station wallet:

  1. Buy ANC on a platform that supports Terra network withdrawals
  2. Obtain your Terra Station wallet address
  3. Withdraw ANC using the Terra network to your Terra Station wallet
  4. Receive ANC in your Terra Station wallet

Buy ANC on a platform that supports Terra network withdrawals

The first step you’ll need to do is to buy ANC on a platform that supports Terra network withdrawals. Here are 3 platforms that you can consider:

PlatformTrading
Fee
ANC
Withdrawal Fee
KuCoinUp to 0.1%2 ANC
BinanceUp to 0.1%0.2 ANC
Gate.ioUp to 0.2%1.4 ANC

In terms of ANC withdrawals, it seems that Binance offers the lowest withdrawal fee.

Obtain your Terra Station wallet address

The next 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 ANC to.

Terra Station Wallet Obtain Deposit Address

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!

Withdraw ANC using the Terra network to your Terra Station wallet

The last step you’ll need to do is to withdraw ANC from the platform of your choice to the Terra Station wallet. For Binance, you are only able to send ANC using the native Terra network.

Binance Send ANC Terra Network

However, for Gate.io or KuCoin, you are able to withdraw ANC using either the ERC20 network or Terra network.

Gate.io Withdraw ANC Networks

As such, you will need to ensure that you are using the Terra network to send ANC, and not the ERC20 network.

Receive ANC in your Terra Station wallet

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

ANC Received Terra Station

Conclusion

With the increasing popularity of the Anchor Protocol, you may be looking at buying some ANC to participate in the governance of this protocol.

However, don’t forget to send ANC via the Terra network, and not via the ERC20 network!

This process is similar to how you would send UST to Terra Station.

FTX To Terra Station (IN 4 STEPS) x
FTX To Terra Station (IN 4 STEPS)
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