The collapse of the Terra ecosystem in May 2022 led to the creation of two separate assets: the new Terra (LUNA) and the old Terra Classic (LUNC). For investors who still hold the original “old LUNA” tokens on the Binance Chain (BEP-2 or BEP-20), transferring them to a supported exchange can be confusing due to network changes and delisting risks. This guide provides a clear, step-by-step workflow for depositing old LUNA from your Binance Chain wallet to a compatible exchange.

Understand the Asset: Old LUNA vs. New LUNA
Before initiating any deposit, confirm that you are dealing with the legacy token. On Binance Chain, the old LUNA is often labeled as “LUNC” (Terra Classic) or simply “LUNA” with the Terra Classic logo. New LUNA (now simply “LUNA”) is a separate project. Exchanges treat these two assets as distinct. If you send the wrong version to a deposit address that only supports the other, your funds may be permanently lost.

Step 1: Verify the Exchange Supports Old LUNA Deposits
Not all exchanges still support old LUNA (LUNC) on Binance Chain. Major platforms like Binance, KuCoin, and Kraken often allow deposits via the BEP-2 or BEP-20 network, but you must check the specific deposit page. For example, within Binance, navigate to “Wallet” → “Deposit” → search for “LUNC.” If the network selection shows “BEP-2” or “BSC (BEP-20)”, you can proceed. If you only see “Terra Classic (LUNC) via native network,” that route may require a different wallet setup.

Step 2: Prepare Your Old LUNA in Your Binance Chain Wallet
If your old LUNA is currently in a Binance Chain wallet (e.g., Trust Wallet or MetaMask configured for BSC), ensure you have a small amount of BNB (BEP-2 or BEP-20, depending on the token standard) for gas fees. Without BNB, the transaction will fail. For BEP-2 tokens, you need BNB on the Binance Chain (mainnet). For BEP-20 (Binance Smart Chain), you need BNB on the BSC network.

Step 3: Obtain the Correct Deposit Address from the Exchange
On your chosen exchange, go to the deposit section for LUNC. Select the network that matches your wallet. If your old LUNA is a BEP-2 token, choose “BEP-2” as the network. If it is a BEP-20 token, choose “BSC” or “BEP-20.” Copy the deposit address carefully. Exchanges generate a unique address for each network, and using the wrong one will result in lost funds.

Step 4: Execute the Withdrawal from Your Wallet
Open your Binance Chain wallet (e.g., Trust Wallet) and select the old LUNA (LUNC) token. Tap “Send” or “Withdraw.” Paste the exchange deposit address you copied. Enter the exact amount you wish to send. Double-check the network and address one more time—especially the first few and last few characters. Confirm the fee and submit the transaction. It may take a few minutes to confirm on the blockchain.

Step 5: Monitor the Deposit Status
After submission, you will receive a transaction hash (TXID). Use a block explorer like BSCScan (for BEP-20) or Binance Chain Explorer (for BEP-2) to track the status. On the exchange side, go to “Deposit History” to see the pending deposit. Once the network confirms the transaction, the exchange will credit the LUNC to your account, minus any deposit fee.

Important Warnings
Always send a small test amount first if dealing with large sums. Some exchanges have suspended deposits of old LUNA altogether, so verify the listing status on forums like CoinMarketCap or the exchange’s announcement page. Finally, never share your private keys with anyone claiming to help with the deposit process—scammers often target users trying to recover legacy assets.