How to Buy RUNE with a Credit or Debit Card Instantly 

RUNE is the native token of THORChain, a decentralized network built to enable cross-chain digital economy transactions. While the primary function of this multipurpose token is to power the THORChain network, liquidity providers also use it as an intermediary to support swaps between different assets. 

Users who wish to become node operators can provide a certain amount of RUNE to participate in the network and validate transactions. This mechanism, known as “bonding,” helps ensure the security and integrity of the network. 

RUNE also serves as a governance token, allowing its holders to vote on proposals, parameter changes, and other matters concerning the development of the THORChain network.

In the lines that follow, we’ll explore how to buy RUNE with a credit or debit card instantly on CEX.IO, a popular U.S. crypto exchange, and ecosystem of reputable services.

Acquiring a crypto wallet

Registering on CEX.IO allows users to access a free crypto wallet. For those new to the crypto space, digital wallets are necessary to obtain cryptocurrencies, which function as stores of value held across integrated blockchain networks. 

The process of accessing a wallet on CEX.IO is breezy, and only requires entering a few details gathered from standard government-issued documents. 

To help expedite the process, have a photo ID, and proof of address ready to complete registration and verification in five minutes or less.

Once your documents have been approved, verified users will receive an activation code in their email, which allows them to access their crypto wallet. 

Verifying user account

Once a customer verifies their email, they can proceed with completing the Know Your Customer (KYC). Verifying the identity through KYC is a standard process in the crypto space that ensures regulatory compliance. It allows interested enthusiasts the ability to access a wide range of features on the CEX.IO platform, including cryptocurrency staking and crypto savings. 

Purchasing RUNE on CEX.IO

Once the verification process has been  successfully completed, users can proceed to acquire RUNE. CEX.IO offers different pathways to purchase RUNE, as well as other cryptocurrencies, through a variety of means across CEX.IO’s Crypto trading platform. Such methods include:: 

• Instant Buy
• CEX.IO Wallet
• CEX.IO App
• CEX.IO Spot Trading

Those eager to receive RUNE quickly can use the Instant Buy method. Just insert the desired amount, select the preferred digital asset, and click the Buy Crypto Instantly button. The last step includes selecting the debit/credit card method and entering the following details:

• Card number
• Expiration date
• Label (custom card name)

Note: The value of cryptocurrencies is constantly in flux. Due to their ever-changing valuations, users should consider checking crypto prices to remain abreast of the latest market developments, and make informed decisions.

Payment methods to purchase RUNE

Customers can choose among a variety of purchasing methods on CEX.IO. In addition to debit and credit cards, users can pick between the following solutions:

• Buy crypto with Apple Pay
• Deposit with Skrill, Neteller, and Epay.
• Buy crypto with a bank account (SWIFT, SEPA)

Those who already have a crypto wallet can use the Direct deposit option and transfer RUNE to CEX.IO by copying the deposit address or scanning the QR code. 

Note that the availability of payment methods depends on the users’ country of residence. Please verify the services available in your jurisdiction before initiating transactions, or funding your account.

How to buy RUNE in the U.S.?

U.S. residents are not allowed to acquire RUNE at the moment, though this might change in the near future. In the meantime, crypto enthusiasts are welcome to browse the supported currencies for U.S. customers on CEX.IO and explore alternative digital assets available within their region.

FAQ

How do I buy RUNE on CEX.IO?

CEX.IO users can acquire RUNE via credit and debit cards, as well as alternative payment methods such as another cryptocurrency deposit, bank transfer, Skrill, Neteller, Google Pay, and Apple Pay. The availability of the payment solutions depends on the customer’s country of residence. 

What are the fees to buy RUNE?

The fees for purchasing RUNE vary between payment methods. Here are the expected limits and commissions for buying RUNE on CEX.IO. 

How to buy RUNE with a bank account on CEX.IO?

Users can initiate transactions through SWIFT or SEPA methods by providing their beneficiary name, beneficiary bank account number (IBAN), and a reference number.