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TerraClassicUSD FAQ

Learn more about TerraClassicUSD

1. How is TerraClassicUSD different from normal cash?

   Unlike traditional currencies, TerraClassicUSD is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining TerraClassicUSD. This decentralization means the holders and users of TerraClassicUSD can help to maintain the network.

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2. Where can I buy TerraClassicUSD?

   Most find that the easiest and most secure way to purchase TerraClassicUSD is through a trusted cryptocurrency platform like Kraken. While TerraClassicUSD can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like TerraClassicUSD.

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3. How do beginners buy TerraClassicUSD?

   While Kraken makes it easy for anyone to buy TerraClassicUSD, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about TerraClassicUSD in the Kraken Learn Center, beginners can use Kraken to buy TerraClassicUSD in moments with as little as $10.

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4. Is TerraClassicUSD available to buy and sell in my country?

   To find out if Kraken offers TerraClassicUSD in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is TerraClassicUSD a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, TerraClassicUSD may be a worthwhile purchase.

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6. Can I purchase TerraClassicUSD using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying TerraClassicUSD?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of TerraClassicUSD I can buy?

   You can buy as little as $10 worth of TerraClassicUSD on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of TerraClassicUSD regularly.

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9. Can I buy TerraClassicUSD with a debit card?

   Yes, you can buy TerraClassicUSD using a debit card on Kraken.

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10. Can I buy TerraClassicUSD with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase TerraClassicUSD using hundreds of other cryptocurrencies. Browse the TerraClassicUSD markets available on Kraken to see how much it costs to buy TerraClassicUSD with other cryptocurrencies.

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11. How can I keep my TerraClassicUSD safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your TerraClassicUSD. When you choose to keep your TerraClassicUSD on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for TerraClassicUSD?

    Yes, Kraken makes it easy to automatically buy TerraClassicUSD on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling TerraClassicUSD?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer TerraClassicUSD from Kraken to my crypto wallet?

    Yes, the TerraClassicUSD you buy on Kraken is yours. Kraken makes it easy to withdraw your TerraClassicUSD to any hot wallet or cold wallet that supports TerraClassicUSD. Simply enter the external wallet address and your TerraClassicUSD will be in your wallet a few moments later.

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15. Is it safe to leave my TerraClassicUSD on Kraken?

    We take every measure possible to keep the TerraClassicUSD you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your TerraClassicUSD. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using TerraClassicUSD?

    Yes, as long as the seller is willing to accept TerraClassicUSD in return for the goods and services you are purchasing.

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17. What is the current circulating supply of TerraClassicUSD?

    The current circulating supply of TerraClassicUSD is 8,963,832,781 UST.

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