How to Buy THORChain (RUNE) in Australia

A Step-by-Step-Guide on how to buy THORChain (RUNE) in Australia

Step 1 – Join Coinmama

You'll first need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and to get your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. THORChain (RUNE) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find {THORChain (RUNE)|(RUNE) THORChain}

As soon as your deposit has been approved, you'll instantly have access to your funds and you can begin invest and trading. To buy {THORChain (RUNE)|(RUNE) THORChain} on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot {THORChain (RUNE)|(RUNE) THORChain}, you'll need to insert the short name of the asset (RUNE) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this also. Click on “RUNE/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} THORChain (RUNE)
Step 4 – Acquisition of {THORChain (RUNE)|(RUNE) THORChain}

As soon as you have located {THORChain (RUNE)|(RUNE) THORChain}, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation {THORChain (RUNE)|(RUNE) THORChain} was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of RUNE you like to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of RUNE.

When you're happy, click on “Buy RUNE”. Your plan will be filled when a Seller sells their RUNE for the price you gave.

Step 5 – Withdraw {THORChain (RUNE)|(RUNE) THORChain}

Unless you're trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your {THORChain (RUNE)|(RUNE) THORChain}, go to the ”Funds” tab and click on “Withdraw”. {THORChain (RUNE)|(RUNE) THORChain} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {THORChain (RUNE)|(RUNE) THORChain} by using the provided drop-down box. Put into the volumen of {THORChain (RUNE)|(RUNE) THORChain} you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully purchased and stored THORChain (RUNE) in Australia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the {THORChain (RUNE)|(RUNE) THORChain} is stored inside your wallet, you're all done.

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