Interested in purchasing THORChain (RUNE) in Vietnam? We’ve handpicked the best exchanges, including Bybit, where you can invest in THORChain securely and benefit from low trading fees.
Investing in THORChain and other cryptocurrencies has never been easier.
Simply sign up on the listed crypto exchanges, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets.
- Where to buy THORChain in Vietnam
- How to purchase THORChain in Vietnam
- How to safely store THORChain
- How to withdraw THORChain
Here's a step-by-step guide on how to buy THORChain in Vietnam.
Where to buy THORChain in Vietnam
When choosing a crypto exchange to buy THORChain in Vietnam, prioritize platforms with low transaction fees to enhance investment returns, ensure the implementation of robust security protocols to safeguard your assets, and opt for user-friendly platforms with reliable customer support and positive user feedback.
Here are the best crypto exchanges where you can purchase THORChain (RUNE) in Vietnam:
Exchange | Features | Rating | |
Binance  | + A very well-known crypto exchange platform + Supports fiat-crypto acquisitions + P2P trading option | ||
Bybit  | + Very low trading fees + Helpful customer support |
How to Buy THORChain (RUNE) in Vietnam in 5 Simple Steps
1. Create an account on a crypto exchange
When buying THORChain in Vietnam, the first step is selecting a reputable THORChain exchange that operates within the legal framework of the country.
Some popular platforms that allow you to buy and sell THORChain in Vietnam include Bybit and Binance.
In this tutorial, we will be using Bybit to purchase THORChain (RUNE).
2. Secure your account
Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.
3. Verify your account (KYC)
After signing up for the exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.
4. Add a payment method
Add a credit/debit card or bank account after verifying your Bybit account.
5. Buy THORChain (RUNE)
Use a variety of payment options to buy THORChain (RUNE) on Bybit.
After creating an account on your preferred exchange, follow these steps below to purchase THORChain:
Step 1: Make a deposit or buy THORChain (RUNE) with a Credit or Debit Card
There are several methods and payment services available for funding a cryptocurrency exchange account. Choose the option that best suits your needs:
Crypto Deposit: If you opt to fund your account through a crypto deposit, you will transfer digital assets from a crypto wallet to your exchange account. Ensure you use the correct address for each supported cryptocurrency on the exchange, as using the wrong address or sending unsupported crypto may lead to a loss of funds.
Bank Deposit (Wire Transfer): Alternatively, you can fund your account through a bank deposit (commonly known as a wire transfer) using supported fiat currencies like USD, EUR, and GBP. Before initiating a bank deposit, it's essential to verify whether the exchange supports your preferred local currency.
Credit Card or Debit Card Purchase: Purchasing THORChain via credit card or debit card is not only the easiest but also arguably the most popular option.
Step 2: Go to the trading page and find the relevant crypto trading pair
After funding your Bybit account, navigate to the trading page to select the appropriate crypto trading pair. Whether you're looking to trade crypto-to-crypto or crypto-to-fiat, choosing the right pair is crucial for a successful transaction.
Note: In this tutorial, the trading pair used is BTC/USDT, but in this particular case, make sure you choose the correct one (RUNE/USDT, RUNE/USD, etc.).
Depending on the exchange you’re using, there should be multiple trading pairs available (a trading pair refers to two different assets that can be traded against each other; e.g., RUNE/USDT).
As a rule of thumb, most crypto exchanges support both crypto-to-crypto (e.g., RUNE/USDT) and crypto-to-fiat (e.g., RUNE/USD) trading pairs.
Choose the right trading pair – crypto or fiat – depending on the deposit method you’ve chosen.
Step 3: Make a buy order for RUNE
Decide whether to choose Market or Limit order when buying THORChain.
Here’s a brief overview of each:
“Limit” order option: set the price at which you want to buy RUNE.
“Market” order option: fills out your order at the best price automatically.
If you want to buy RUNE when it reaches a certain price, use the Limit order.
Enter the price you desire and the amount of RUNE you want to purchase, then click the “Buy” button.
If you want to buy RUNE at the latest price, click on the Market tab, then enter the amount of RUNE you want to buy. The order should be done almost instantly and the coins will be added to your balance soon.
You are now a proud investor of THORChain (RUNE)!
Step 4: Store your RUNE
The best way to store RUNE varies based on your needs and preferences.
While keeping it in your exchange account offers convenience for trading, using non-custodial THORChain wallets gives you full control over your private keys and, consequently, your assets.
Store RUNE in your Bybit Account
Holding your crypto in your Bybit account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. Bybit serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own.
Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.
How to safely store your THORChain (RUNE)
The crypto community widely acknowledges the rule, "Not your keys, not your coins."
If prioritizing security, consider transferring your RUNE to a non-custodial wallet. Opting for a non-custodial or self-custodial wallet ensures you have full control over your private keys. This can include various types of wallets like hardware wallets, Web3 wallets, or paper wallets.
Keep in mind that this option may be less convenient if you frequently trade RUNE or want to actively use your assets. Ensure the safekeeping of your private keys, as losing them could lead to the permanent loss of your RUNE.
What is THORChain (RUNE)?
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.
With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).
The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 300k RUNE to participate in its rotating consensus process.
THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021 and Mainnet is now live as of Jun 2022.
How to withdraw RUNE
Exchanges offer straightforward methods for cashing out your RUNE, allowing you to transfer your assets back into fiat currency or into another digital asset.
About VietnamVietnam, a Southeast Asian gem, shares its borders with China, Laos, and Cambodia. This diverse nation boasts a population of 99,237,470 and spans over 311,000 square kilometers. While Ho Chi Minh City stands as the largest urban center with over 3.4 million residents, Hanoi, in the north, serves as the capital. Ho Chi Minh City is the country's financial, technological, and academic hub, while Hanoi is renowned for its historical and religious sites, drawing tourists from around the world.
Vietnam is one of the fastest-growing economies in Southeast Asia, poised to compete with developed nations by 2050. The country has actively participated in various intergovernmental organizations, including ASEAN, APEC, CPTPP, and WTO, to foster its growth.
When exploring Vietnam, there are numerous must-visit destinations, such as the breathtaking Halong Bay, the historic city of Hue, the old district of Da Kao in Ho Chi Minh City, the charming old town quarter of Hanoi, the picturesque Hoi An, the coastal paradise of Nha Trang, the tranquil countryside of Sapa, and the stunning Phong Nha-Ke Bang National Park. Food enthusiasts can savor Vietnam's culinary delights, including iconic dishes like Phở, Bánh cuốn, Gỏi cuốn, Bún bò, and Bánh mì.
Vietnamese is the official language of Vietnam, and Bybit's app and website are available in Vietnamese. Bybit facilitates seamless transactions with the national currency, the Vietnam Dong (VND), allowing you to purchase THORChain (RUNE) in just minutes, regardless of your location within the country, whether it's Ho Chi Minh City, Hanoi, Hue, Nha Trang, Da Nang, or Hai Phong. Bybit offers a range of secure payment options, including P2P trading, crypto deposits, and third-party merchants like Apple Pay, Google Pay, and various credit card services, ensuring a convenient trading experience for all.
Buying THORChain FAQs
Where to buy THORChain in Vietnam?
Nowadays, acquiring and securely storing THORChain (RUNE) is a straightforward process with a CEX such as Bybit. You can use your debit/credit card, conduct a bank transfer, or engage in peer-to-peer trading for THORChain investing. This can be conveniently done on your computer, tablet, iOS, or Android devices.
How to purchase THORChain with a Credit or Debit Card in Vietnam?
To buy THORChain (RUNE) with a credit or debit card in Vietnam, you need to choose a card and an exchange that specifically facilitates THORChain online purchases and credit card transactions such as Bybit.
How to buy THORChain with PayPal in Vietnam?
If you want to buy THORChain using PayPal, you can check if THORChain is available on your PayPal Crypto Hub or Finances section.
How to buy THORChain without KYC in Vietnam?
You can buy THORChain (RUNE) without ID verification on a No-KYC crypto exchange such as MEXC.
Best exchanges to buy THORChain in Vietnam?
The best THORChain exchanges in Vietnam are Bybit and Binance.
