THORChain is a network for swapping supported assets across blockchains; RUNE is its native settlement and security coin. RUNE is used in pools, node bonds and network fees. Native THORChain RUNE is not interchangeable with a legacy Ethereum or BNB-chain token bearing the same ticker.
defi THORChain
THORChain
(RUNE)
THORChain is a network for swapping supported assets across blockchains; RUNE is its native settlement and security coin. RUNE is used in pools, node bonds and network fees. Native THORChain RUNE is not interchangeable with a legacy Ethereum or BNB-chain token bearing the same ticker.
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What is THORChain?
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20 answers source-reviewed with Codex assistance. Reviewed . This review covers the answers, not exchange listings or the rest of the page.
How does THORChain work?
THORChain nodes observe connected chains and use threshold signatures to control shared vaults for cross-chain settlement. Nodes bond RUNE as slashable security, while liquidity pools pair supported assets with RUNE. A swap involves more than one chain, unlike simply sending available native RUNE between THORChain accounts.
Who created THORChain?
THORChain's official FAQ attributes its 2018 founding to a pseudo-anonymous core contributor team, including Chad Barraford. It separately describes Nine Realms' operational involvement. That history does not establish a single inventor or make any contributor personally responsible for every interface, node or asset pool.
What is THORChain used for?
RUNE acts as the settlement pair in THORChain liquidity pools, pays native network fees and backs node security bonds. These functions differ from owning TCY, the separate token associated with the THORFi debt restructuring. Holding RUNE alone does not create a liquidity position or guarantee protocol-revenue distributions.
Where can you buy THORChain?
Check the chosen platform's official RUNE market and native-network withdrawal pages for your account and country. THORChain also documents swapping supported assets into RUNE, but an interface link does not guarantee availability or a usable fiat route. Verify the actual asset representation rather than relying on this site's exchange matrix.
THORChain exchange reference guides
Before you buy| Exchange | Observed pairs | Catalogue status | Checked (UTC) | Checklist |
|---|---|---|---|---|
| Binance | RUNEAUD, RUNEBNB, RUNEBTC + moreBinance.com global public spot catalogue; not Binance.US or regional/account access | Reported open | Check route | |
| Kraken | RUNEEUR, RUNEUSDKraken international public currency spot pairs plus Support full names and public canonical-to-altname metadata; not regional, retail, funding or account eligibility. | Reported open | Check route | |
| Bybit | RUNEUSDTBybit global public crypto SPOT instruments with empty symbolType only, joined to the provider-declared CoinGecko ID mapping and exact symbol/full name on its English price page. Price-page coverage is bounded; unmatched identities stay unknown. Not regional, account, funding, contract or withdrawal eligibility. | Reported open | Check route | |
| KuCoin | RUNE-BTC, RUNE-USDC, RUNE-USDTKuCoin global public spot symbols and asset names, not account or withdrawal eligibility | Reported open | Check route | |
| MEXC | RUNEUSDC, RUNEUSDTMEXC public spot exchange information; API permission is separate from catalogue membership and account access | Reported open | Check route | |
| HTX | runeusdtHTX global public spot symbols plus complete currency full-name settings; explicitly tagged ETPs excluded; API status is not regional/account, retail, contract/network or funding eligibility | Reported open | Check route | |
| BingX | RUNE-USDTBingX public spot symbol catalogue joined to exact full names/tickers from forty page-bound English price JSON-LD lists. First page has an explicit root collection URL; later pages require their own collection URL. Bounded name coverage; price presence alone is not a listing. Not derivatives, account, region, contract, funding or withdrawal eligibility. | Reported open | Check route |
How to buy THORChain
Plan your purchaseHow much THORChain?
How can you buy THORChain safely?
Verify native RUNE and the THORChain receiving route before placing an order. For cross-chain swaps, inspect the destination, memo instructions, minimum received and current network status using the official interface. Do not send funds to a vault or bonding address unless you intend that documented operation; test ordinary withdrawals separately.
Can you buy a fraction of THORChain?
Yes, native RUNE supports fractional balances; the pooled-node documentation expresses protocol amounts using eight decimal places. A trading venue can impose larger order and withdrawal minimums. Do not confuse a fractional spendable RUNE balance with bond collateral or a liquidity receipt that requires its own withdrawal process.
How much does it cost to buy THORChain?
The total purchase cost includes RUNE's order value, trading spread and any payment or withdrawal charges. A THORChain swap can add slip-based fees and connected-chain outbound costs. Native RUNE sending and a cross-chain trade are different operations, so compare the complete quote rather than assuming one universal fee.
How much is one THORChain worth?
Check that a RUNE quote concerns the native asset rather than a legacy external-chain token or TCY. Network settlement and bonding uses do not establish a fixed market value. Compare the executable order and all charges with a recent reference; a liquidity-pool position is not the same holding as spot RUNE.
Is THORChain a good investment?
RUNE carries price, vault-security, liquidity and node-incentive risks. The THORFi debt restructuring and creation of TCY show that lending-related losses and ordinary swap functionality must be assessed separately. Bonding can expose collateral to slashing, and protocol economics do not establish a guaranteed price floor. This is not financial advice.
Compare two order previews
Use RUNE credited after buying fees and spread. Extra USD charges must exclude fees already included in the total. Enter 0 only when confirmed.
Which quote delivers more RUNE?
Enter your order-preview numbers or use the labeled example. Unknown charges are never treated as zero.
THORChain wallets & storage
How do you get a THORChain wallet?
Choose a wallet that explicitly supports native THORChain RUNE and verify its mainnet receiving address before funding. Back up recovery credentials offline and keep RUNE available for fees. An Ethereum-compatible wallet displaying an old RUNE contract is not sufficient evidence of support for today's native asset.
How can you store THORChain securely?
Protect the keys for the native THORChain account and review every transaction memo, particularly bonding and swap instructions. Keeping RUNE in your wallet is different from committing it to a pooled node or liquidity pool. Hardware integration and custodial withdrawal support must be verified for the exact asset and network.
Sending & cashing out THORChain
Match your networks
For RUNE, copy the exact network names shown in your apps. This compares your entries, not a verified list of supported networks.
Enter both network names
Copy the exact network name shown for this asset in each app. No supported-network catalogue is assumed here.
How do you send THORChain to another wallet?
Send native RUNE through THORChain to a recipient that explicitly accepts it, keeping RUNE for network fees. Include any memo the receiving service requires and verify the transaction type before signing. An ordinary send does not convert an old ERC-20 RUNE balance or perform a cross-chain swap.
How long does a THORChain transfer take?
A same-chain RUNE transfer depends on THORChain inclusion and the recipient's crediting policy. Cross-chain swaps additionally require observations and outbound processing on other networks. Bond withdrawals can depend on node and vault lifecycle conditions, so neither a nominal block interval nor a swap estimate guarantees when committed RUNE becomes available.
How much does it cost to send THORChain?
Native THORChain transactions consume RUNE for network fees. Cross-chain swaps also have slip-based charges and outgoing costs associated with the destination blockchain's gas asset. Check the current operation-specific quote; an exchange withdrawal charge is separate, and sending RUNE is not priced identically to swapping into Bitcoin or Ethereum.
Can you cash out THORChain for real money?
You can cash out RUNE only through an eligible service supporting its deposit, sale and fiat withdrawal route. Verify native THORChain deposits and any memo before transferring. Swapping into another cryptocurrency, receiving TCY or earning protocol rewards does not itself deposit money into a bank account.
Is THORChain traceable?
THORChain RUNE transfers, pool activity and bond transactions are public network activity, and cross-chain swaps can link records on multiple ledgers. Pseudonymous node operators do not make user transfers anonymous. Exchange customer records, disclosed addresses and swap details can add identifying information to the on-chain history.
Supply, mining & staking
What is the maximum supply of THORChain?
The current tokenomics page points to accepted ADR-023, which sets the RUNE maximum-supply parameter to 360 million through a consensus migration. Older documents still quote 500 million and should not be treated as current. Burns reduce outstanding supply further; verify live chain values separately from this documented parameter.
Can you mine THORChain?
No, RUNE is not mined through proof-of-work hash competition. THORChain uses bonded nodes and threshold-signature infrastructure, while rewards and burns follow its economic rules. A service distributing RUNE for unrelated computing or deposits is not evidence of native RUNE mining, and operating a node entails different infrastructure and collateral requirements.
Can you stake THORChain?
RUNE can support network security through node bonding, including operator-whitelisted pooled bond-provider arrangements. This is not unrestricted Cosmos-style delegation, and the bond can be slashed or constrained by node lifecycle rules. Liquidity provision and TCY staking are separate products; verify the exact mechanism rather than accepting a generic RUNE staking yield.