Terra Wallet: Send and Stake LUNA, and Avoid LUNC Mix-Ups

terra1 addresses and the Terra Classic trap

Your Terra address starts with terra1. Keylo derives it on m/44'/330'/0'/0/0, using Terra's own coin type 330 rather than the 118 most Cosmos chains share. That is the same derivation Station and Keplr use for Terra, so importing a phrase from either shows the same address.

Here is the catch: Terra Classic uses the same terra1 prefix and the same coin type, so your terra1 address exists on both chains. They have completely separate balances. LUNC sent to your address on Terra Classic is still yours, controlled by the same key, but it lives on a chain Keylo does not show. Nothing is lost; it is simply on the other network.

This is the most common Terra mistake by far. Before sending or withdrawing, check that the asset is LUNA, not LUNC, and that the network is Terra or phoenix-1, not Terra Classic. Exchanges usually list them separately, but the names are close enough to confuse people in a hurry.

How to create a Terra wallet with Keylo

If you used Station or Keplr for Terra, import that 12- or 24-word phrase and your terra1 address and LUNA delegations will appear. Very old wallets from before 2022 used the same path, so the address is the same, but any balance on Terra Classic stays on Terra Classic and will not show in Keylo.

1. 1

   Open Keylo in a browser on your phone or computer.

2. 2

   Create an account with your name, email, phone and password, and confirm your email.

3. 3

   Keylo's web app builds your 12-word recovery phrase locally, then locks it with a password-derived key so that only ciphertext is saved.

4. 4

   Choose Terra in your asset list to see your terra1 address with its network label.

5. 5

   Reveal and copy the phrase from Settings after re-entering your password, onto paper kept offline.

How to receive LUNA

LUNA also exists as an IBC token on other Cosmos chains. Those balances belong to your address on that chain, not your terra1 account. If you want to stake LUNA, withdraw it on Terra itself so it arrives as native LUNA. Exchanges that list both chains usually call them LUNA and LUNC, or Terra 2.0 and Terra Classic; when the naming is unclear, look for the chain ID phoenix-1 in the network details.

1. 1

   Open LUNA and tap Receive.

2. 2

   Copy your terra1 address or show the QR code.

3. 3

   Ask the exchange to withdraw LUNA on the Terra network, sometimes labelled Terra 2.0 or phoenix-1. Do not choose Terra Classic.

4. 4

   Your deposit shows up in Activity after it confirms; tap it to open the transaction on Mintscan.

How to send LUNA

Keylo sends on phoenix-1 only, so you cannot accidentally send LUNC from Keylo. The risk is on the receiving side: if you deposit LUNA to an exchange, make sure the exchange's deposit address and memo are for LUNA on Terra, not Terra Classic. A deposit to the wrong product can take weeks of support tickets to sort out, if the exchange can recover it at all.

1. 1

   Tap Send on LUNA.

2. 2

   Paste a terra1 address or scan the QR code. Keylo validates the prefix and checksum.

3. 3

   For exchange deposits, paste the memo the exchange provides.

4. 4

   Enter the amount, or tap Max.

5. 5

   Review recipient, memo, exact amount and network fee, then confirm. Your browser signs the transaction.

Terra fees explained

Fees on phoenix-1 are calculated the Cosmos way. Your transaction declares how much gas it may use, and the fee is that gas multiplied by a price in uluna, with 1,000,000 uluna to one LUNA. A transfer, a delegation or a reward claim each costs a small fraction of a LUNA, and because the chain charges for the whole gas limit, the number on Keylo's review screen is exactly what leaves your balance.

Terra Classic has its own, quite different fee and tax rules, another reason never to confuse the two networks. On phoenix-1 there is no transfer tax; the network fee is the only cost. That fee is shared among Terra's validators and their delegators, and Keylo takes nothing on top for ordinary sends.

How to stake LUNA

Delegating never hands your LUNA to the validator. It remains in your account, locked to that validator's stake, and only you can sign to move it. Rewards accumulate continuously and are paid out when you claim, and also automatically whenever you change a delegation to that validator. Delegators inherit their validator's governance votes unless they vote themselves.

1. 1

   Open LUNA and go to staking.

2. 2

   Choose a validator. Compare commission and uptime on Mintscan, and consider how long the operator has run on phoenix-1.

3. 3

   Delegate an amount, keeping some LUNA unstaked for fees.

4. 4

   Confirm after checking the summary. Rewards begin accruing immediately.

5. 5

   Return to claim rewards, redelegate or undelegate whenever you like.

Terra's 21-day unbonding period and slashing

Undelegated LUNA spends 21 days unbonding. During that time it earns nothing, cannot be transferred and can still be slashed for faults its validator committed while you were bonded. Three weeks later it lands back in your spendable balance by itself. Keep any LUNA you might need at short notice out of staking.

Switching validators does not require that wait. A redelegation moves your LUNA to a new validator in a single transaction, with one condition: the moved stake has to sit for 21 days before it can hop again. The chain also caps you at seven pending unbonding or redelegation entries between the same two validators, so batching changes is wiser than making many small ones.

Validators who break the rules are penalized, and their delegators share the hit. Terra's current settings take 5% for signing two conflicting blocks and 0.01% for staying offline too long, which also jails the validator until its operator fixes the problem. Mintscan's validator pages show past jailings, a useful signal before you delegate.

Moving LUNA to other networks

Keylo does not offer swaps or bridges for Terra, so LUNA held in Keylo stays on phoenix-1. To trade it, deposit to an exchange that supports LUNA on Terra, with the memo, and trade there. IBC transfers to other Cosmos chains are made through Terra or Cosmos apps rather than through Keylo. Every network Keylo can receive on is listed on the chains page.

Terra safety tips

• Check LUNA versus LUNC and Terra versus Terra Classic every time you deposit or withdraw.
• Be wary of recovery services promising to retrieve old UST or LUNC losses for a fee or your phrase. They are scams.
• Ignore airdrop links aimed at LUNA stakers that ask you to connect a wallet or reveal words.
• Include the exchange's memo with every exchange deposit.
• Add authenticator-based two-factor login and a personal anti-phishing code, both described on Keylo security.
• Keylo staff will never ask for your password or recovery phrase.
• Open the session list in Settings occasionally and sign out any device you no longer use.

Frequently asked questions