{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”How do I sell Terra Classic (LUNC) for NGN?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Step 1: Spot sell LUNC → USDT (0.1% fee, instant). Step 2: P2P sell USDT → NGN via bank transfer, OPay, Palmpay (0% fee, 5-20 min). Step 3: Confirm NGN received, release escrow. Total: ~15-25 min.”}},{“@type”:”Question”,”name”:”How much NGN will I get for my LUNC?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Payout = (LUNC amount × LUNC/USDT price) × P2P USDT/NGN rate. Total fee ~0.1%. Check the live price before selling.”}},{“@type”:”Question”,”name”:”When is the best time to sell LUNC in Nigeria?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”P2P markets are 24/7 but liquidity peaks during local business hours (8am-8pm). Consider a limit sell order at your target price instead of always using market orders.”}},{“@type”:”Question”,”name”:”Is P2P selling safe in Nigeria?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Yes — escrow holds USDT until both sides confirm. Only release after confirming NGN arrived in your account. Never release based on screenshots. Choose high-rated merchants only.”}}]}
Terra Classic (LUNC) is the original token of the Terra blockchain before the May 2022 collapse of the UST stablecoin. After the crash, the original chain was rebranded as Terra Classic while a new Terra chain (LUNA) was launched. LUNC still has an active community of traders and holders who believe in its revival through token burns and on-chain governance. LUNC was one of the most-discussed crypto assets in Africa during and after the 2022 crash. African investors can buy and sell LUNC on Bitget and Bybit.
P2P crypto trading is widely practised in Nigeria and is not explicitly banned for individuals. The CBN restricts banks from processing crypto transactions — that is why P2P via OPay, PalmPay, and Kuda exists. Millions of Nigerians use it daily. As with any financial activity, use reputable platforms and stay updated on CBN guidance.
Ready to sell your Terra Classic (LUNC) and cash out to Naira? In Nigeria, the fastest route is to spot-sell LUNC to USDT on Bitget or Bybit, then use P2P to convert USDT to NGN via OPay, Palmpay, or bank transfer. This guide takes you through each step.
How to Sell Terra Classic in Nigeria — Step by Step
- Log in to Bitget or Bybit where your LUNC is held.
- Spot sell LUNC → USDT — Spot Trading → LUNC/USDT → market or limit sell. Instant. Fee: 0.1%.
- P2P sell USDT → NGN — P2P Trading → Sell → USDT → NGN. Choose a buyer paying via bank transfer, OPay, Palmpay. Fee: 0%.
- Confirm NGN received → release escrow — Only after verifying NGN arrived in your account, click “Release”.
Fee Breakdown
| Step | Action | Fee | Speed |
|---|---|---|---|
| 1 | LUNC → USDT (Spot) | 0.1% | Instant |
| 2 | USDT → NGN (P2P) | 0% | 5-20 min |
| Total | Full cash-out | ~0.1% | ~15-25 min |