Why buy THORchain with Kraken?

About THORchain

What can you do with THORchain?

Swap THORchain for other assets

Learn more about THORchain

1. How does THORchain work?

   Unlike traditional currencies, THORchain is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining THORchain. This decentralization means the holders and users of THORchain can help to maintain the network.

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2. Where can I buy THORchain?

   Most find that the easiest and most secure way to purchase THORchain is through a reliable cryptocurrency platform like Kraken. While THORchain can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like THORchain.

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3. How much does it cost to buy 1 THORchain?

   At the current market rate, it costs $7.22 to purchase one RUNE. Kraken makes it easy to buy & sell THORchain with confidence.

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4. Can I buy $100 worth of THORchain?

   Yes, Kraken offers a secure and easy to buy $100 worth of THORchain. At its current price, $100 equals 13.85 RUNE.

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5. Is THORchain safe to buy?

   The THORchain price can change dramatically based on market conditions. You should do your own research on THORchain before buying.

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6. Is THORchain available to buy and sell in my country?

   To find out if Kraken offers THORchain in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is THORchain a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, THORchain may be a worthwhile purchase.

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8. Can I purchase THORchain using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying THORchain?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of THORchain I can buy?

    You can buy as little as $10 worth of THORchain on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of THORchain regularly.

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11. Can I buy THORchain with a debit card?

    You can buy THORchain using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy THORchain with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase THORchain using hundreds of other cryptocurrencies. Browse the THORchain markets available on Kraken to see how much it costs to buy THORchain with other cryptocurrencies.

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13. How can I keep my THORchain safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your THORchain. When you choose to keep your THORchain on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling THORchain?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer THORchain from Kraken to my crypto wallet?

    Yes, the THORchain you buy on Kraken is yours. Kraken makes it easy to withdraw your THORchain to any hot wallet or cold wallet that supports THORchain. Simply enter the external wallet address and your THORchain will be in your wallet a few moments later.

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16. Is it safe to leave my THORchain on Kraken?

    We take every measure possible to keep the THORchain you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your THORchain. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of THORchain?

    The current circulating supply of THORchain is 340,554,016 RUNE.

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