How to Buy THORChain (RUNE) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy THORChain and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells THORChain.
  2. Register a new account.
  3. Fund your account.
  4. Buy THORChain.
RUNE
$5.7801354164127

These steps are simple if you know where to buy THORChain cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy THORChain (RUNE) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best THORChain Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

35

Only

35

of these exchanges sell THORChain.

We then filter down the entire set of possible marketplaces to only the ones that have active RUNE markets.

19

Only

19

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

7

Only

7

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Kraken

VISIT Kraken Read Review
Reasons we ♥ Kraken
Top-Notch Security
Advanced Trading Options
Educational Commitment
Competitive Fee Structure
Exceptional Customer Support
CRYPTOCURRENCIES: 236
FUNDING:
Bank Transfer (ACH)
,
Wire Transfer
,
Paypal
,
SEPA
,
Interac
,
BLINC
,
CHAPS (ClearJunction)
,
FPS (ClearJunction)
,
SWIFT
,

Step 2Register Your New Account

Registering for a Kraken account is a straightforward process designed to give users quick access to its cryptocurrency trading services. The process emphasizes both ease of use and security, ensuring a smooth start for new users.

Here's a step-by-step guide on how to register:

  1. Visit the official Kraken website.
  2. Click on the "Create Account" button located in the upper-right corner of the homepage.
  3. Enter your email address, choose a username (which cannot be changed later), and create a strong password.
  4. Read and agree to Kraken's Terms of Service and Privacy Policy, then click the "Create account" button.
  5. Check your email for an activation message from Kraken, which will include an activation key.
  6. Enter this activation key on the account activation form, or click the link provided in the activation email.
  7. Confirm your password and complete any required captcha verification.
  8. Once these steps are completed, your Kraken account will be successfully created and ready for use.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy THORChain cryptocurrency.

You can buy THORChain on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy THORChain (RUNE)

After registering and funding your account at , you should be able to buy THORChain after your deposit finishes processing. After you receive your RUNE, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best THORChain Exchanges

THORChain is also available on these exchanges:


Frequently Asked Questions

Yes, THORChain is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy THORChain instantly at Binance, Zengo, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) RUNE. Cryptocurrencies in general are divisible to 16 decimal places.

To buy THORChain, you will need to deposit funds into your exchange account - which usually has no fees - and then buy RUNE, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of THORChain at Binance, Zengo, Coinbase.

THORChain Investment & Buying Guide

Diving into the dynamic realm of digital assets, you’ve likely encountered an array of options. But there’s one that stands out for its unique approach to liquidity and interoperability: THORChain. This decentralized liquidity protocol is reshaping how you trade and interact with different cryptocurrencies.

With THORChain, you’re not just trading; you’re part of a system that enables seamless swapping of assets across various blockchains without losing custody of your coins. It’s a game-changer for DeFi enthusiasts seeking a truly decentralized experience.

As you explore THORChain, you’ll discover its native token, RUNE, which plays a pivotal role in the ecosystem. It’s not just another digital asset; it’s the fuel that powers THORChain’s innovative network. Ready to delve deeper? Let’s unravel the intricacies of THORChain and what makes it a standout in the cryptocurrency space.

What is THORChain Cryptocurrency?

How does THORChain Compare to Other Cryptocurrencies?

THORChain stands apart by enabling cross-chain liquidity pools without pegged or wrapped tokens. It bypasses common limitations by allowing users to swap native assets across separate blockchains. Unlike most platforms that are confined within their blockchain ecosystems, THORChain breaks these barriers. This approach offers broader asset availability and improves decentralized trading.

Other cryptocurrencies require intermediaries or synthetic assets to achieve cross-chain trades. THORChain’s innovative protocol eliminates these needs, thus enhancing trustlessness and security. While many cryptocurrencies focus on their ecosystems, THORChain aims for ecosystem interoperability. Users can engage with different blockchains while maintaining control of their assets.

In comparison, assets like Bitcoin and Ethereum are restricted to their respective blockchains. THORChain acts as a bridge for these assets to coexist and interact within a unified platform. The emphasis on true cross-chain exchanges is what sets THORChain apart in the crowded crypto space. It’s not just about trading; it’s about creating a fluid market across blockchains.

The technology stack of THORChain is also unique compared to other cryptocurrencies. Using Continuous Liquidity Pools (CLPs), it provides instant transaction settlements. The protocol’s design focuses on uninterrupted liquidity, which is vital for minimizing slippage in trades. The efficiency at which THORChain handles transactions positions it favorably against competitors.

Lastly, the RUNE token underpins the THORChain ecosystem and is vital for its economic mechanics. Each trade within the THORChain network requires RUNE, ensuring its constant demand and utility. Cryptocurrencies with similar ambitions to THORChain often lack a token with such integrated utility. RUNE’s role in securing and facilitating the network is a clear differentiator.

Through superior asset fluidity, a unique technological approach, and an integral native token, THORChain offers a compelling proposition. It has carved a niche that addresses the critical pain points of cross-chain trading.

THORChain History & Growth

THORChain was launched in 2018 after a successful initial coin offering (ICO). Funding milestones were surpassed quickly, showing early investor confidence in its cross-chain trading promise.

By 2019, THORChain had conducted numerous testnets to solidify its technology. These efforts paved the way for the mainnet launch, enabling real-world trading across different blockchains.

2020 marked a significant year for THORChain with the introduction of its BEPSwap platform. This allowed for non-custodial trading of BEP2 tokens, increasing accessibility and user trust.

Come 2021, THORChain’s mainnet went live, a momentous event for users seeking a trustless exchange experience. The network also faced its share of challenges, including security breaches which were swiftly addressed, showcasing its resilience and commitment to user safety.

Rapid recovery from these incidents led to a surge in adoption. In the same year, THORChain’s TVL (Total Value Locked) saw exponential growth, demonstrating the increasing trust and interest from the crypto community.

The development of THORChain has not slowed down, with constant updates and community-driven proposals shaping its path forward. A strong focus on enhancing user experience and network security remains the core of THORChain’s growth strategy.

Buying THORChain with Different Payment Methods

Buying THORChain with a Credit Card

You can easily buy THORChain (RUNE) with a credit card through various cryptocurrency exchanges. Transaction speeds are quick, though you might face higher fees due to processing charges.

Buying THORChain with a Debit Card

Purchasing THORChain with a debit card is another straightforward option offered by many exchanges; it typically provides lower fees than credit card purchases. Be sure to check for exchange-specific requirements and limits.

Buying THORChain with Apple Pay

Several platforms now support Apple Pay for THORChain acquisitions, providing you with a seamless and secure payment experience. Remember that availability may vary depending on your region.

Buying THORChain with PayPal

Buying THORChain with PayPal is possible on select exchanges, allowing you to use existing PayPal funds or linked bank accounts. This method often comes with protection policies that could be beneficial.

Buying THORChain with a Bank Transfer

Opting for a bank transfer to purchase THORChain can be the most cost-effective method, albeit with slower transaction times. It’s crucial to verify bank compatibility and exchange requirements beforehand.

Keeping Your THORChain Safe

Investing in cryptocurrencies like THORChain comes with the responsibility of secure storage. Protecting your assets ensures you maintain control and reduce the risk of theft or loss.

Software Wallets

Software wallets provide a balance of security and accessibility for your THORChain tokens. You can access these wallets from multiple devices, such as your smartphone or computer. Encryption and private keys in these wallets safeguard your assets. Nevertheless, they’re vulnerable to online threats hence regular updates and strong passwords are a must.

Hardware Wallets

Hardware wallets offer the highest level of security for your THORChain assets. They store your tokens offline, making them nearly impervious to online hacking attempts. Most hardware wallets are small, USB-enabled devices that hold private keys securely. Before every transaction, verification occurs on the device itself, which never exposes your private keys to the internet.

Selling & Withdrawing THORChain

Disposing of your THORChain (RUNE) tokens involves a couple of typical cryptocurrency transactions. You’ll first need to transfer your tokens to a crypto exchange that supports THORChain. Popular exchanges like Binance or Uniswap are common choices for such operations. Once there, you can trade your RUNE for other cryptocurrencies or fiat currencies, depending on the platform’s available trading pairs.

Executing a sell order is straightforward on most platforms. Simply navigate to the RUNE market and enter the amount you wish to sell. The exchange automatically matches buyers, executing your sell order at the current market price or at a limit price you set. Remember that transaction fees vary per exchange, but they’ll always affect your net proceeds.

Withdrawing fiat currency from an exchange requires setting up a withdrawal method. Link your bank account or select an appropriate payment service to transfer the funds. Different exchanges have different withdrawal limits and processing times, so check these before you initiate a withdrawal.

Security during these transactions cannot be overstressed. Always ensure your internet connection is secure, and double-check wallet addresses when transferring tokens. Avoiding public Wi-Fi when managing your digital assets is a best practice for maintaining optimal security.

In the event you’re withdrawing in cryptocurrency form, you’ll similarly require a destination wallet address. Whether it’s to a private wallet for long-term storage or to another exchange for further trading, secure transfer of your assets is paramount. Keep your private keys confidential and consider using hardware wallets for enhanced security.

Is THORChain a Good Investment?

When diving into the realm of cryptocurrency investments, scrutinizing a project’s fundamentals is crucial. THORChain boasts strong fundamentals including a robust consensus mechanism and a well-defined roadmap for future development. Exploring the historical performance and market trends can provide insights into THORChain’s investment potential. Since its mainnet launch, THORChain has demonstrated significant resilience in price, even amid general market downturns.

The platform has gained attention for its innovative cross-chain liquidity pools, attracting new users looking for decentralized finance (DeFi) opportunities. With its rising Total Value Locked (TVL), which reflects the trust and participation of investors, THORChain could be a compelling addition to a diversified crypto portfolio. Remember, the crypto market is highly volatile, so investing in THORChain, like any cryptocurrency, involves risk and requires due diligence.

Your risk tolerance and investment strategy should align with the volatility and long-term viability of THORChain. Monitoring ongoing development updates and community engagement can provide a window into the project’s continued health and potential for growth. As with any investment, staying informed is vital for making educated decisions that align with your financial goals.

THORChain Price Predictions

Predicting the future of cryptocurrency prices is notoriously challenging due to market volatility. However, THORChain’s (RUNE) strong fundamentals may bode well for its future valuation. Analysis by industry experts often employs both technical and fundamental methodologies to forecast prices, though it is essential to remember these are estimates not guarantees.

In the past year, THORChain has shown resilience in price fluctuation compared to other cryptocurrencies. Leading analytic platforms suggest that THORChain could see gradual growth as decentralized finance continues to gain traction. Market sentiments, aligning with the growing adoption of DeFi applications, provide a positive outlook for THORChain.

Historical data shows RUNE has recovered remarkably from market dips. Crypto forecasters use this data to infer potential for upcoming surges. Below is a table of projected price milestones based on current trends:

Year Predicted Price
2023 $X.XX
2024 $X.XX
2025 $X.XX

Remember, while predictions often use sophisticated algorithms, factors like regulatory news and market sentiment can disrupt even the most thorough forecasts. You’ll want to keep abreast of the latest developments within the THORChain ecosystem and broader market trends. Your investment choices should be informed, but flexible, ready to adapt to the rapidly changing crypto landscape.

Additional Info

You’ve explored the dynamic landscape of THORChain, from its inception to its current status as a promising player in the DeFi space. You’ve seen how it’s weathered challenges and how its commitment to security and user experience continues to drive its evolution. With a growing TVL and a robust roadmap, THORChain is shaping up to be a solid choice for those looking to diversify their crypto portfolio. As you weigh your options, remember to keep abreast of the latest developments and secure your investments wisely. Your savvy approach to understanding THORChain’s potential could well be a strategic step in achieving your investment goals.

THORChain (RUNE)
Price
$5.7801354164127
24h Change
7.1
7d Change
6.6