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In this tutorial, we will discuss:
1
Where and how to sell THORChain
2
Alternative methods to cash out THORChain
3
How to withdraw THORChain with Bitget's hassle-free withdrawal process

Where and how to sell THORChain

Investing in THORChain has never been easier. This is a widely adopted method to sell THORChain. Here's a step-by-step guide on how to sell THORChain on Bitget.

Step-by-step guide

Step 1: Create a Bitget account

Sign up or download the Bitget app and start the sign-up process.

Step 2: Bitget identity verification

Please verify your identity to ensure full compliance and enhance your experience with Bitget.
You can access the identity verification page, select your country, upload your ID documents, and submit a selfie. You will receive a notification once your identity is successfully verified.

Step 3: Convert THORChain to USDT in the spot market, and then sell USDT in the P2P market.

Spot: Go to the spot trading page, select the trading pair RUNE/USDT (or RUNE/BTC, RUNE/ETH, and RUNE/USDC) and convert RUNE to a token supported for P2P trading (such as USDT, BTC, ETH, and USDC).
Zero-fee P2P trading: With Bitget P2P, you can sell cryptocurrencies (such as USDT, BTC, ETH, and USDC) using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, AdvCash, and Wise. After placing the order, you simply need to transfer funds to the buyer to receive the fiat currency.

Step 4: Monitor THORChain in your Bitget OTC account

As a seller, ensure you receive payment before releasing your crypto. You can then view the transaction history in your OTC account (formerly P2P account).

Alternative methods to cash out THORChain

Other than selling THORChain directly, there are numerous other ways to cash out THORChain.

1. Convert THORChain to other crypto via Bitget Convert

Bitget Convert offers a secure, swift, and zero transaction fee method to convert crypto to crypto. Choose a token (e.g., USDT, BTC) available on our P2P trading platform. Then, specify the amount for the swap, confirm the transaction, and sell the tokens through our P2P market. Be sure to have a sufficient account balance before proceeding with the conversion.

2. Swap THORChain to on-chain assets via Bitget Swap

Unlike buying or selling crypto, swapping does not involve the traditional financial system since fiat currencies are not part of the process. Bitget Swap supports over 250,000 cryptocurrencies across 30 major blockchains, including Ethereum, Polygon, and Solana. You can exchange any supported crypto for tokens (e.g., USDT, BTC) available on our P2P trading platform, anytime and anywhere, including cross-chain transactions. Transaction gas fees are automatically converted. You can then sell your cryptocurrency on the Bitget P2P website.

How to withdraw THORChain with Bitget's hassle-free withdrawal process

Using an exchange is one of the most convenient ways to cash out your THORChain or other cryptocurrencies, and Bitget stands out as an excellent choice. With its intuitive Buy/Sell buttons, Bitget simplifies the process, allowing you to easily select the cryptocurrency you want to sell and specify the amount.
When it comes to withdrawing the THORChain you've acquired, Bitget offers a seamless experience. Enjoy competitive fees, a flexible minimum withdrawal threshold, and lightning-fast processing within 24 hours, ensuring your funds are readily available.
Note: Want to keep tabs on coin prices? Visit our coin prices directory or THORChain price page and bookmark them to stay updated!

FAQs about selling THORChain (RUNE) via Bitget

Why sell THORChain?

People sell THORChain for various reasons, including:

1. Profit-taking: When the price of THORChain rises significantly, investors may sell the asset to realize their profits.

2. Diversification: Some investors may sell THORChain to diversify their portfolios and invest in other assets.

3. Financial needs: People may sell THORChain to cover expenses or meet other financial obligations.

4. Risk aversion: Some investors may be concerned about the volatility of THORChain and sell to reduce their exposure to risk.

5. Market sentiment: Negative news or events related to THORChain can lead to a price decline, prompting investors to sell.

It's important to note that buying or selling THORChain can be risky, as prices can fluctuate significantly. Investors should carefully assess their financial goals and risk tolerance before making any decisions.

What are the fees for selling crypto with Bitget P2P markets?

Bitget P2P currently charges zero fees. All merchants can post ads without any fees to help lower costs. If Bitget P2P introduces transaction fees for makers on completed orders in the future, an official announcement will be made.

*Please note that some payment method service providers may charge extra transaction fees.

As a crypto P2P seller, how am I protected?

If you're selling, never release the assets before confirming that you've received funds from the buyer. Please note that certain payment methods that buyers use are not instant and may face chargeback risks.

THORChainTHORChain (RUNE) price today:
$1.2
+1.05%24H
The live price of THORChain today is $1.2 $, with a 24-hour trading volume of $33.73M $. We update our RUNE to $ price in real-time. The price change of RUNE is +1.05% in the last 24 hours.
Sell RUNE now

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What is THORChain and how does THORChain work？

THORChain is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive THORChain without the need for a centralized authority like banks, financial institutions, or other intermediaries.

How do I buy THORChain?

Learn how to get your first THORChain in minutes.

Bitget app
Sell THORChain in seconds
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1. Create your free Bitget account

2. Verify your account

3. Sell your crypto at the perfect time

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