How to Buy and List Runes On Magisat.io
Introduction
This guide will walk you through buying and listing runes using a new module. This module simplifies the process, allowing you to purchase runes directly and manage your listings efficiently. Let’s go ahead and explore the steps involved. Watch the video here https://www.youtube.com/watch?v=ouctsQ9YbSc.
TLDR Below:
Buying a Rune
To begin with, you’ll need to select the rune you’d like to buy. In this example, we will be buying “Rune X Bitcoin.”
Follow these steps:
1. Selecting the Rune: Browse through the available listings at https://magisat.io/runes and identify the rune you want to buy. Here, we select “Rune X Bitcoin.”
2. Choosing the Listing: Look at the mix of listings and available runes. Choose the cheapest option, priced at 0.19 sats, and add it to your cart.
3. Confirmation and Purchase: You must select the gas option during the confirmation stage. After selecting, proceed to buy the listing. The transaction will pop up in your wallet.
4. Transaction Confirmation: Wait for the transaction to pass. Once confirmed, the transaction will appear in the Mempool, indicating the successful purchase.
5. Verification: Check your wallet to ensure the rune is now there. You can also share the transaction on Twitter to let others know what you bought.
Listing a Rune
Once you have purchased a rune, you can list it for sale. Here’s how you can do it:
1. Accessing Your Wallet: Go to your profile and select the rune you wish to list. In this case, we choose “Rune X Bitcoin.”
2. Setting Destination and Price: Choose where the Bitcoin will be sent. By default, it is set to your Bitcoin wallet. Set the desired price for the rune batch, for example, 0.05 Bitcoin.
3. Listing the Rune: Press the list button to proceed with the transaction. Could you confirm the transaction and sign it? Your rune is now officially listed on the module.
4. Sharing the Listing: To increase the visibility and chances of a sale, share your listing on Twitter.
Conclusion
Using this new module, buying and listing runes has become straightforward. You can efficiently manage your rune transactions by following the steps outlined above. Keep an eye out for future videos that will cover additional features, such as splitting and transferring rune batches. Happy trading! Thank you for following this guide. See you in the following tutorial!
