How to buy and sell THORChain(RUNE) coins

To buy THORChain (RUNE) coins, choose a reputable cryptocurrency exchange that supports RUNE trading, such as Binance, KuCoin, or Huobi.

Dec 09, 2024 at 08:33 pm

How to Buy and Sell THORChain (RUNE) Coins: A Comprehensive Guide

Step 1: Choose a Reputable Cryptocurrency Exchange

The first step to buying and selling THORChain (RUNE) coins is to choose a reputable cryptocurrency exchange that supports RUNE trading. Some popular exchanges that offer RUNE trading include:

• Binance
• KuCoin
• Huobi
• Gate.io
• Uniswap
• PancakeSwap

When choosing an exchange, consider factors such as trading fees, security, ease of use, and customer support. Research each exchange thoroughly before deciding which one to use.

Step 2: Create an Account and Verify Your Identity

Once you have chosen an exchange, you will need to create an account and verify your identity. This typically involves providing your name, email address, and phone number. Some exchanges may require you to submit additional documents, such as a copy of your driver’s license or passport.

Step 3: Fund Your Account

After your account has been verified, you will need to fund it with funds before you can purchase RUNE coins. Most exchanges support multiple payment methods, including bank transfers, credit cards, and other cryptocurrencies. Choose a payment method that is convenient for you and follow the instructions provided by the exchange to fund your account.

Step 4: Place a Buy Order

Once your account has been funded, you can place a buy order to purchase RUNE coins. To do this, you will need to navigate to the RUNE trading page on the exchange and specify the following information:

• Order type: Choose a market order or a limit order. A market order will be executed at the current market price, while a limit order will only be executed if the price reaches a specified limit.
• Amount: Enter the amount of RUNE coins you want to purchase.
• Price (optional): If you are placing a limit order, enter the price at which you want to buy the coins.

Once you have entered all the required information, click on the "Buy" button to place your order.

Step 5: Monitor Your Order

Once your order has been placed, it will be added to the order book. You can monitor the status of your order by navigating to the "Orders" section of the exchange. Your order will be executed when the price of RUNE reaches the specified price (if you placed a limit order) or when there is a seller willing to sell RUNE coins at the price you specified (if you placed a market order).

Step 6: Sell Your RUNE Coins

Once you have purchased RUNE coins, you can sell them whenever you want. To do this, you will need to navigate to the RUNE trading page on the exchange and specify the following information:

• Order type: Choose a market order or a limit order.
• Amount: Enter the amount of RUNE coins you want to sell.
• Price (optional): If you are placing a limit order, enter the price at which you want to sell the coins.

Once you have entered all the required information, click on the "Sell" button to place your order.

Step 7: Withdraw Your Funds

After your order has been executed, you can withdraw your funds from the exchange. To do this, navigate to the "Withdraw" section of the exchange and select the cryptocurrency you want to withdraw. Enter the amount you want to withdraw and provide the address of the wallet to which you want to withdraw the funds.