How to Sell THORChain (RUNE)

No longer interested in participating in the THORChain ecosystem? Ready to cash in on some of the earnings you have received from staking or providing liquidity on THORChain? Or maybe you just want to pursue another trading strategy? Kraken makes it easy for you to sell RUNE directly for other crypto currencies like bitcoin or ether (ETH), as well as government issued currencies like U.S. Dollars (USD) and Euros (EUR).

Kraken offers over 150 trading pairs in total, so depending on how you decide to sell THORChain RUNE, you can gain exposure to a wide range of other assets. 


Ready to start?

If you’re more advanced and looking to get right in and start trading, go ahead and sell some RUNE!

Why sell RUNE?

Depending on your investment objectives and tolerance for market risk, you may also find it advantageous to sell RUNE for other cryptocurrencies or cash. You might sell THORChain if you want to:

  • Adjust your long-term crypto strategy

  • Avoid losses in times of sudden price movements

  • Capture gains from participating in THORChain staking

  • Exchange RUNE for other crypto or cash

  • Move funds into another crypto asset

  • Stop using THORChain’s various services 

New to crypto?

For more details on how RUNE derives its value, read our official “What is THORchain?” guide.

How to sell THORchain (RUNE)

If you’re ready to go ahead and sell RUNE, follow these simple steps below:

  1. Sign up for a Kraken account
    You just need an email address, username and a strong password.

  2. Verify your account
    All you need is your name, birth date, country of residence and a phone number.

  3. Send RUNE to your Kraken Address
    If you want to sell RUNE for another cryptocurrency (like BTC or ETH), first you’ll need to create a deposit address in your Kraken account. Depositing RUNE on Kraken is as easy as transferring it to any cryptocurrency address. If instead you want to sell RUNE for cash (like USD or EUR), you’ll need to send us identification and proof-of-residence documents. Learn more about our different verification levels here.

  4. Sell RUNE
    Once your account has received funding, you can begin selling RUNE and other cryptocurrencies on Kraken.

    Simply open the New Order page, fill out the order form and click SELL. Check our THORchain price charts to time the market for the best possible selling times.

Having trouble selling THORchain? Let us know. You can reach us on LiveChat or by email 24/7/365.

Start selling RUNE

Not yet wowed by any other crypto assets? Feel free to read through our full crypto asset guides for a better understanding of other possible opportunities.