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 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. THORChain (RUNE) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate THORChain (RUNE) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can begin buying and trading. To buy THORChain (RUNE) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to discover THORChain (RUNE), you'll need to put the cointype (RUNE) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “RUNE/BTC” to continue.
Step 4 – Buying THORChain (RUNE) After you've spotted THORChain (RUNE), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price THORChain (RUNE) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of RUNE you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of RUNE. If you're glad, make a mouse click on “Buy RUNE”. Your plan will be filled when a Seller trades their RUNE for the price you introduced.
Step 5 – Withdraw THORChain (RUNE) Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your THORChain (RUNE), go to the ”Funds” tab and click on “Withdraw”. THORChain (RUNE) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find THORChain (RUNE) by using the given drop-down box. Enter the volumen of THORChain (RUNE) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.