A Step-by-Step-Guide on how to buy THORChain (RUNE)
Step 1 – Join Kraken You'll first need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. THORChain (RUNE) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find THORChain (RUNE) As soon as your deposit has been confirmed, you will now have access to your assets and you can launch invest and trading. To buy THORChain (RUNE) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To find THORChain (RUNE), you'll need to insert the shortname of the coin (RUNE) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we have marked this too. Click on “RUNE/BTC” to proceed.
Step 4 – Purchase THORChain (RUNE) Once you've located THORChain (RUNE), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation THORChain (RUNE) was traded for. You can change this to your preferred rate. The ”Amount” field is the volumen of RUNE you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of RUNE. If you're satisfied, click on “Buy RUNE”. Your plan will be filled as soon as a Vendor sells their RUNE for the price you introduced.
Step 5 – Withdraw THORChain (RUNE) Unless you are frequently trading, never keep your coins on an Crypto Trader for an extensive period of time. To withdraw your THORChain (RUNE), hover over the ”Funds” tab and mouse click on “Withdraw”. THORChain (RUNE) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find THORChain (RUNE) by using the provided drop-down box. Put into the amount of THORChain (RUNE) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.