Which exchange can I buy THORChain(RUNE) coins on?

Centralized exchanges like Binance, KuCoin, and Huobi Global offer high liquidity, user-friendly platforms, and competitive trading fees for trading THORChain (RUNE) coins.

Dec 07, 2024 at 11:20 am

Which exchange can I buy THORChain(RUNE) coins on?

THORChain (RUNE) is a decentralized cross-chain liquidity protocol that allows for the permissionless exchange of assets across different blockchains. Here's a detailed guide on where you can buy THORChain (RUNE) coins:

Centralized Exchanges (CEXs)

1. Binance

• Ranking: Largest cryptocurrency exchange by trading volume

• Features:

  • Supports a wide range of cryptocurrencies, including RUNE
  • High liquidity and competitive trading fees
  • User-friendly platform and mobile app
  • Fiat-to-crypto gateway for easy deposits

2. KuCoin

• Ranking: Top 5 cryptocurrency exchange by trading volume

• Features:

  • Supports a diverse selection of altcoins, including RUNE
  • Lower trading fees compared to some larger exchanges
  • Advanced trading options for experienced users
  • Mobile app for convenient trading on the go

3. Huobi Global

• Ranking: Top 10 cryptocurrency exchange by trading volume

• Features:

  • Offers a wide range of crypto trading pairs, including RUNE
  • High-volume liquidity and competitive trading fees
  • Provides market insights and trading tools for users

4. Gate.io

• Ranking: Top 15 cryptocurrency exchange by trading volume

• Features:

  • Supports a significant number of crypto assets, including RUNE
  • Low trading fees and a VIP program for volume traders
  • Advanced trading features and a dedicated mobile app

5. Coinbase

• Ranking: Popular exchange known for its user-friendly platform

• Features:

  • Supports a limited number of cryptocurrencies, including RUNE
  • Higher trading fees compared to some exchanges
  • Simplified interface designed for beginners
  • Fiat-to-crypto conversion for convenient purchasing

Decentralized Exchanges (DEXs)

1. THORSwap

• Features:

  • Native decentralized exchange for trading RUNE and other assets within the THORChain ecosystem
  • Non-custodial platform that gives users full control over their assets
  • Supports cross-chain swaps and provides liquidity for RUNE

2. Uniswap

• Ranking: Largest decentralized exchange by trading volume

• Features:

  • Supports trading for RUNE on the Ethereum network
  • Automated liquidity pools that provide competitive pricing
  • User-friendly interface and open-source platform

3. SushiSwap

• Ranking: Top 5 decentralized exchange by trading volume

• Features:

  • Offers RUNE trading on the Ethereum network
  • Supports yield farming and staking for additional rewards
  • Provides advanced trading tools and a comprehensive ecosystem

4. PancakeSwap

• Ranking: Leading decentralized exchange on the Binance Smart Chain

• Features:

  • Supports trading for RUNE on the Binance Smart Chain
  • Low trading fees and fast transaction speeds
  • Gamified user experience with lottery and farming features

5. 1inch Network

• Features:

  • Aggregates liquidity from multiple decentralized exchanges
  • Provides the best swap rates for RUNE and other crypto assets
  • Non-custodial platform that protects user privacy

How to Buy RUNE on a Centralized Exchange

1. Create an account: Register with a centralized exchange that supports RUNE trading.
2. Verify your identity: Most reputable exchanges require KYC verification to comply with regulations.
3. Deposit funds: Transfer funds to your exchange account via bank transfer, credit card, or other supported methods.
4. Place a buy order: Navigate to the RUNE trading pair and enter the amount of RUNE you want to purchase.
5. Confirm the transaction: Review the order details and confirm the purchase to execute the trade.

How to Buy RUNE on a Decentralized Exchange

1. Connect a wallet: Download a compatible crypto wallet and connect it to the decentralized exchange.
2. Add a network: If necessary, add the blockchain network that supports RUNE (e.g., Ethereum or Binance Smart Chain) to your wallet.
3. Swap tokens: Visit the swap page and select the tokens you want to trade for RUNE.
4. Set slippage: Adjust the slippage tolerance to account for price fluctuations during the transaction.
5. Confirm the trade: Review the swap details and confirm the trade to execute the exchange.