A Step-by-Step-Guide on how to buy THORChain (RUNE)
Step 1 – Join CEX.io You will first need to purchase one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. THORChain (RUNE) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find THORChain (RUNE) Once your deposit has been verified, you will instantly have access to your finances and you can begin buying and trading. To purchase THORChain (RUNE) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot THORChain (RUNE), you will need to insert the cointype (RUNE) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we have marked this too. Click on “RUNE/BTC” to advance.
Step 4 – Buy THORChain (RUNE) After you've located THORChain (RUNE), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most latest rate THORChain (RUNE) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of RUNE you like to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of RUNE. When you are happy, make a mouse click on “Buy RUNE”. Your order will be filled when a Vender sells their RUNE for the price you offered.
Step 5 – Withdraw THORChain (RUNE) Unless you're frequently trading, never keep your crypto coins on an Crypto Trader for an extended period of time. In order to take off your THORChain (RUNE), hover over the ”Funds” tab and click on “Withdraw”. THORChain (RUNE) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate THORChain (RUNE) by using the provided drop-down box. Enter the quantity of THORChain (RUNE) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.