How to Buy THORChain (RUNE): A Step-by-Step Guide

Introduction

When purchasing THORChain, there are several factors to consider, including selecting an exchange to purchase it from and the transaction method. Fortunately, we've compiled a list of reputable exchanges in the UK to assist you with the process.

Step-by-Step Guide

1. Choose an Exchange
Research and select a cryptocurrency exchange that operates in the United Kingdom and supports THORChain trading. Consider factors such as fees, security, and user reviews.
Platform Coin Price
Nexo THORChain (RUNE) 0.57
PrimeXBT THORChain (RUNE) 0.57
Binance THORChain (RUNE) 0.57
Coinbase THORChain (RUNE) 5.44
Kraken THORChain (RUNE) 0.57
Uphold THORChain (RUNE) 1.17
View all 40 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Price
Nexo THORChain (RUNE) 0.57
PrimeXBT THORChain (RUNE) 0.57
Binance THORChain (RUNE) 0.57
Coinbase THORChain (RUNE) 5.44
Kraken THORChain (RUNE) 0.57
Uphold THORChain (RUNE) 1.17
View all 40 prices
3. Fund Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the THORChain Market
Once your account is funded, search for THORChain (RUNE) in the exchange's marketplace.
5. Choose a Transaction Amount
Enter the desired amount of THORChain you wish to purchase.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Purchase RUNE" or equivalent button.
7. Complete Purchase
Your THORChain purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet
It's always best to keep your cryptocurrency in a hardware wallet for security reasons. We always recommend Wirex or Trezor.

Platform	Coin	Price
Nexo	THORChain (RUNE)	0.57
PrimeXBT	THORChain (RUNE)	0.57
Binance	THORChain (RUNE)	0.57
Coinbase	THORChain (RUNE)	5.44
Kraken	THORChain (RUNE)	0.57
Uphold	THORChain (RUNE)	1.17

Platform	Coin	Price
Nexo	THORChain (RUNE)	0.57
PrimeXBT	THORChain (RUNE)	0.57
Binance	THORChain (RUNE)	0.57
Coinbase	THORChain (RUNE)	5.44
Kraken	THORChain (RUNE)	0.57
Uphold	THORChain (RUNE)	1.17

What to Be Aware Of

When purchasing THORChain, it's important to choose a reputable exchange that is user-friendly and has reasonable fees. Once you've done this, always transfer your cryptocurrency to a hardware wallet. That way, no matter what happens to that exchange, your cryptocurrency is safe.

Latest Movements in the UK

THORChain (RUNE) is currently priced at US$1.17 with a 24-hour trading volume of US$490.55M. In the last 24 hours, THORChain has experienced a decrease of -3.02%. The market cap of THORChain stands at US$1.11B, with 344.45M RUNE in circulation. For those looking to buy or trade THORChain, Nexo offers avenues to do so securely and efficiently

Market capitalisation: US$1.11B
24-hour volume: US$490.55M
Circulating supply: 344.45M RUNE

See the latest information

Frequently Asked Questions About Purchasing THORChain (RUNE)

What is THORChain and what does its token rune do?: THORChain is a decentralized liquidity protocol that enables cross-chain swaps without wrapping assets. In other words, you can trade Bitcoin for Ethereum or other supported tokens directly across different chains. The native token is rune, which serves multiple purposes: it acts as a settlement asset for cross-chain trades, provides staking rewards to incentivize network security, and is used in governance decisions to influence protocol upgrades and fee structures. Rune is not tied to a single chain, and its value is influenced by network usage, liquidity, and the overall health of THORChain’s liquidity pools.
How do cross-chain swaps work on THORChain, and what are the risks?: THORChain uses continuous liquidity pools and a network of nodes to facilitate cross-chain swaps without custodians. When you swap, your asset is routed through the protocol’s liquidity pools, and the corresponding asset is released on the target chain. The process is designed to be trustless and non-custodial. Risks include smart contract bugs or exploits, liquidity fluctuations, impermanent loss in pools, and potential network downtime. Users should also verify that their chosen wallet supports THORChain-enabled swaps and be aware of price slippage and network fees. Regularly check official security audits and patch notes for the latest risk disclosures.
Where can I buy or trade rune, and which wallets support THORChain?: Rune is available on major centralized and decentralized exchanges that list THORChain’s token. You can typically trade rune against popular pairs like USD, BTC, ETH, and other assets depending on the exchange. For storage, use a wallet that supports THORChain-compatible assets and cross-chain functionality. Popular options include hardware wallets and software wallets with THORChain integration, as well as compatible non-custodial wallets. Always enable best security practices: use a hardware wallet for large holdings, enable two-factor authentication on exchanges, and never share private keys or seed phrases. Check the official THORChain resources for the latest list of supported wallets and exchange integrations.
What is the current supply of rune, and how does circulating vs max supply affect potential price?: As of now, rune has a circulating supply of roughly 351 million tokens out of a max supply of 500 million. The capped max supply means there is a finite number of rune tokens, which can influence scarcity over time. However, price is primarily driven by demand for cross-chain liquidity, network usage, and staking activity. Staking rune can lock supply temporarily, which may reduce circulating supply and impact price dynamics. Investors should consider both on-chain utility (liquidity provision, governance) and macro factors (crypto market cycles, adoption of cross-chain swaps) when assessing long-term value.
How can I stake rune, and what are the expected rewards and risks?: Staking rune typically involves locking tokens in a THORChain-compatible wallet or via supported staking services to secure liquidity pools and network consensus. Stakers earn rewards funded by swap fees and network incentives. Rewards vary with network activity, pool performance, and overall rune supply dynamics. Risks include price volatility during the lock period, potential penalties for misbehavior by validators (in governance-centric setups), and liquidity opportunity costs if you withdraw during periods of high fee pressure or low liquidity. Before staking, review current annual percentage yields (APYs) on trusted platforms, understand the lockup terms, and ensure your custody solution supports unstaking without long cooldown periods.