The idea of THORChain evolved in 2018 in a bid to solve the liquidity challenges faced in the decentralised exchange of crypto tokens. THORChain is a blockchain-agnostic liquidity protocol that facilitates cross-chain swaps of cryptocurrencies. While most liquidity platforms focus their solutions on the Ethereum network, THORChain targets the Binance Chain.
The platform’s native currency, RUNE, allows users to stake their funds in the RUNEVault, a sort of native cryptocurrency wallet, to become network validators. The network then rewards the stakers with more RUNE to validate cross-chain transactions of cryptocurrencies. You can buy RUNE in Australia on Swyftx.
To buy RUNE with Swyftx, sign up for a free account, verify your identity (this is an Australian Government regulation), deposit AUD into your account then you are ready to buy any of over 230+ digital assets.
To buy RUNE with Swyftx, you can deposit AUD into your trading account using bank transfer, credit card or debit card deposits, OSKO, POLi or PayID.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees than our closest competitors.
Verify online instantly without uploading documents and deposit AUD to start THORChain trading in less than 2 minutes.
Breached password detection and Two Factor Authentication help protect your account from scammers.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.
Deposit and withdraw NZD via bank transfer.
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.