How to Buy THORChain (RUNE) with Sponge ($SPONGE)
To purchase THORChain with Sponge, begin by finding a cryptocurrency exchange that offers the RUNE/$SPONGE trading pair. Create an account, confirm your identity, and deposit your $SPONGE into your exchange wallet. Find the RUNE/$SPONGE pair on the trading platform and place an order to trade your Sponge for THORChain. If the RUNE/$SPONGE pair isn't available, you can first trade Sponge for a stablecoin like Tether (USDT) or a fiat currency, then exchange that for THORChain. Be aware of possible exchange fees, which differ by platform and could impact the overall cost of your transaction.
How to Sell THORChain (RUNE) for Sponge ($SPONGE)
To sell THORChain for Sponge, first, find a cryptocurrency exchange that supports the RUNE/$SPONGE trading pair. Create an account, verify your identity, and deposit your RUNE into your exchange wallet. Locate the RUNE/$SPONGE pair on the trading platform and place a sell order to exchange your THORChain for Sponge. If the RUNE/$SPONGE pair is unavailable, you can first sell THORChain for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Sponge. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.