Runes Protocol plays a pivotal role in creating efficient fungible tokens on Bitcoin. Since its mainnet launch, multiple projects have introduced Runes tokens, many of which have seen their market capitalization skyrocket in recent months.
This guide will walk you through purchasing Runes tokens directly using the Runes Swap feature in the Xverse wallet.
Understanding Runes Tokens
Created by Casey Rodarmor, Runes is an innovative fungible token protocol designed to address the issue of junk UTXOs generated during BRC-20 token deployments on the Bitcoin network.
The protocol has laid the foundation for notable Runes tokens like DOG•GO•TO•THE•MOON (DOG), which reached a market cap nearing $1 billion shortly after its launch.
Where to Trade Runes Tokens
While Runes tokens are available on several centralized and decentralized exchanges, accessing deep liquidity can be challenging, and not all platforms offer a seamless trading experience.
Fortunately, Xverse's Runes Swap aggregator pulls the best quotes from markets like Magic Eden, UniSat, and DotSwap, allowing you to buy/sell Runes tokens directly with BTC from your wallet.
Step-by-Step Guide to Buying Runes Tokens via Xverse
Step 1: Set Up Xverse Wallet
- Download and install the Xverse Bitcoin Wallet (if not already installed).
- Open the wallet and click the Swap icon at the top of the dashboard.
Step 2: Select Currencies
- Under the "From" dropdown, choose your base currency (e.g., BTC).
- Under the "To" dropdown, select the Runes token you wish to purchase.
👉 Explore top-performing Runes tokens
Step 3: Search for Tokens
- Use the search function to find specific tokens.
- The bidirectional arrow between menus lets you switch base currencies.
- The "To" dropdown aggregates tokens from Runes ecosystem markets.
Step 4: Enter Amount
- Input the desired amount in the "Amount" field.
- Click "Get Quote" to view available options.
Step 5: Review Quotes
Runes Swap matches competitive quotes from markets like:
- Dotswap
- Unisat
- Magic Eden
- Select the best offer for your transaction.
Step 6: Confirm Transaction
Preview details such as:
- Order selection
- Fees
- Amount
- Expected Runes tokens received
- Click "Swap" and confirm to finalize.
Post-Purchase Details
After confirmation, your Runes tokens will appear in your Xverse Runes Wallet once the Bitcoin network processes the transaction.
Why Use Xverse?
- Market-leading Bitcoin Web3 wallet for securely storing, minting, and trading Runes tokens.
- Runes Swap simplifies buying/selling—just hold BTC in your wallet to access tokens listed on top Runes markets.
FAQ
What are Runes tokens?
Runes are fungible tokens on Bitcoin designed to minimize UTXO clutter, offering a more efficient alternative to BRC-20.
Which wallets support Runes?
Xverse is the most popular, but others like UniSat and Leather also offer Runes compatibility.
Are Runes tokens a good investment?
Like all cryptocurrencies, they carry risks. Research projects thoroughly and consider market trends before investing.
👉 Start trading Runes tokens today
How do I sell Runes tokens?
Reverse the steps above in Xverse: select your Runes token under "From" and BTC under "To."
What fees apply?
Fees vary by market and network congestion. Xverse Swap aggregates the most cost-effective options.