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 top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. THORChain (RUNE) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate THORChain (RUNE) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can commence invest and trading. To invest in THORChain (RUNE) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to find THORChain (RUNE), you will need to put the short name of the asset (RUNE) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we've marked this too. Click on “RUNE/BTC” to advance.
Step 4 – Purchase THORChain (RUNE) After you've discovered THORChain (RUNE), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate THORChain (RUNE) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of RUNE you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete quantity of RUNE. If you're satisfied, 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 your crypto coins on an Exchange for an extensive time frame. To take off your THORChain (RUNE), go to the ”Funds” tab and mouse click on “Withdraw”. THORChain (RUNE) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate THORChain (RUNE) by using the given drop-down box. Enter the quantity of THORChain (RUNE) you'd like to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click “Submit”. You may be requested for phone/email verification ahead of a take off.