How To Buy RUNE Coin?
If you are looking for where to buy RUNE crypto, we will show you how to buy RUNE coin for another cryptocurrency using the StealthEX exchange platform. StealthEX is a convenient and user-friendly cryptocurrency exchange.
What Is RUNE Coin?
RUNE is the underlying asset of the THORChain blockchain network, designed to provide decentralized cross-chain liquidity.
What Is THORChain?
THORChain is positioned as a decentralized cross-chain blockchain liquidity exchange network that allows users to instantly exchange assets at manipulation-resistant market prices.
THORChain facilitates the creation of liquidity pools between chains without tethered or wrapped tokens.
Swaps are made through publicly available inter-network liquidity pools with no access delimitation, which allow users to place their assets in a stack to earn trading commissions. Traders can track pool prices and earn by referring to fair market prices.
RUNE is THORChains own token issued on Binance Chain. This coin is used for almost all functions performed on the network, and investors in RUNE crypto coin can benefit from placing their tokens in RuneVault, and get more RUNE when tokens are burned on every transaction performed by the network.
The RUNE coin works similarly to any other PoS (Proof of Stake) network token. And the token has been perfectly integrated into the network.
This project is focused on blockchain performance and liquidity. That’s why RUNE investors will only continue to benefit as the network scales and attracts more partners and developers using the THORChain protocol.
Where To Buy RUNE Crypto?
If you want to know the price to buy RUNE or exchange it, use StealthEX. Except for the RUNE price, the platform also offers to choose over 350 tokens for exchange.
How To Buy RUNE Coin?
You can study a detailed article with an exchange guide on our YouTube channel or just go to StealthEX and follow these easy steps. Let’s imagine you want to exchange Ethereum to THORChain. To make an exchange, you need to take a few simple steps:
First, you should choose Ethereum in the left drop-down list. Then choose RUNE coin in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of RUNE coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the THORChain coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
Exchange Сonfirmation
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Here you can revise the address provided and the amount of RUNE cryptocurrency you will receive. Don’t forget to read and check the Terms of Use and Privacy Policy box. Without checking the box you will not be able to continue the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
Exchange Statuses
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your RUNE coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive THORChain crypto to the address provided. To be sure that RUNE token was sent to your wallet you can also use the Output hash shown on this page and check it in the THORChain blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your THORChain wallet to be surprised at how fast you got RUNE coin. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
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You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.
Originally published at https://stealthex.io on March 3, 2021.
