Runes Swap lets you seamlessly trade Runes tokens for Bitcoin (BTC) and vice versa. Read on to learn how Magic Eden’s Runes Swap feature upgrades your Runes trading experience—making swaps faster, simpler and smoother than ever.
While the Runes ecosystem offers a range of exciting tokens to trade and enough liquidity for whales to join in the fun, the overall trading experience isn’t as smooth as it could be.
Well, that’s about to change, thanks to Magic Eden’s Runes Swaps.
Swapping Runes refers to converting Runes tokens to bitcoin and vice versa using a simple one-click trading experience. And that’s exactly what you can do on Magic Eden now.
Magic Eden is already the home of Runes trading, thanks to our popular decentralized marketplace that lets you buy, sell and place bids for Runes tokens.
Now, you’ll also be able to convert Runes to BTC and vice versa without having to scoop up lots or make bids and wait for them to be accepted.
Enter the swap size, a price tolerance, and hit swap. The price tolerance is the maximum price you want to accept (the default is set to 10%). That’s it! Magic Eden takes care of the rest by connecting you with the best offer on the market.
The simplified approach makes Runes trading approachable for new users, with a classic bid/ask orderbook. It also greatly simplifies large-scale purchases by eliminating the need to match and select multiple lots.
But, if you prefer the old way of doing things, you can still list lots, sell directly into bids, or place new bids to buy.
Magic Eden’s Runes Swaps have a positive impact on the Runes ecosystem by making Runes trading simpler and more accessible, allowing more people to take part in the growing market for meme coins on Bitcoin.
But that’s not all.
Runes Swaps also introduce more liquidity to the ecosystem, which leads to a healthier and more liquid market.
Additionally, this feature is set to attract bigger players to the space by letting whales swap Runes in only a few clicks, with no need to combine lots to make the trades worthwhile.
This same improvement in usability will benefit all other users as well. If you don’t have to think about bids, lots, etc., and the number of clicks is lowered to a minimum, making it easier to trade Runes.
The familiar user experience will also make anyone’s transition from other DeFi platforms and services that much smoother.
All of this makes Runes more accessible to everyone, regardless of previous experience. More users also mean more liquidity, more security and more usability for the ecosystem.
We’ve put in a lot of work to make Magic Eden the go-to marketplace for Runes trading, with a strong emphasis on decentralization, liquidity and security.
Runes swaps on Magic Eden are non-custodial. That means you retain complete control over your Runes for as long as they’re yours, and they are only transferred to someone else during the swap. Nobody else, not even the platform, gets access to your Runes.
As one of the most popular trading platforms for NFTs and one of the first to launch its Runes trading platform, Magic Eden has one of the highest Runes trading volumes in the market. In other words, your swaps should go through quickly and with no friction.
Magic Eden provides state-of-the-art security to provide a safe, non-custodial trading environment.
Magic Eden is the premier dapp to buy, sell, and swap runes. Some benefits include
Better Liquidity: Magic Eden is the largest Runes exchange, with the majority of volume and the deepest liquidity.
Full Mempool Protection: We've recently launched Full Mempool Protection, which makes it impossible for someone to snipe your swap. Check out the full article here.
Now, let’s go through how Runes swapping works on Magic Eden.
First, you’ll need to access the Magic Eden Runes marketplace and connect your wallet.
Select the token you want to swap (PUPS•WORLD•PEACE above).
Click on ‘Swap’ and type in the amount of the token you want to buy (making sure you have enough BTC in your connected wallet to do so). Then, hit the ‘Swap’ button to execute the trade.
Lastly confirm the transaction using your wallet. And that’s it! Swapping Runes is that easy on Magic Eden.
The easiest way to swap Runes token to BTC is using Magic Eden’s ‘Runes Swap’ feature that lets you quickly and easily swap BTC for Runes and vice versa.
All you need to do is connect your Runes wallet, pick the Runes token you want to swap to bitcoin, choose the amount, and click ‘Swap.’ Finally, you confirm the transaction using your wallet and you’re good to go! The transaction will settle within a few minutes and you’ll see the BTC pop up in your wallet.
The information provided on this website is provided for general educational purposes only and is in no way financial or investment advice. Certain information may have also been provided to us or prepared by third parties; these materials are provided for convenience and are not an endorsement by Magic Eden. Magic Eden is not liable for any errors, changes or amendments to such information, including any actions taken in reliance on such information.
