How to Buy, Sell & Store DECENTRALIZED (Runes)

The Runes protocol is transforming the way people interact with Bitcoin-based tokens. Thanks to a streamlined approach centered on Bitcoin’s UTXO model, Runes help curb network congestion and reduce off-chain data dependencies.

To buy DECENTRALIZED (Runes), set up a secure Bitcoin wallet like Leather, which supports the Runes protocol. Add BTC to your wallet, connect it to a Runes marketplace such as Ordbit or Luminex, and search for DECENTRALIZED to purchase. 

Selling is just as simple — list your tokens for sale on a marketplace and confirm the transaction in your wallet. To store your Runes safely, use a wallet with strong encryption, private key ownership, and real-time USD value tracking, like Leather, ensuring your tokens are secure and easy to manage.

Understanding Runes

Since BRC-20 and Ordinals launched, the development of BTC fungible tokens has progressed meaningfully. Earlier protocols struggled with network congestion and inefficient off-chain data.

Runes solved these issues by using Bitcoin’s Unspent Transaction Output (UTXO) model. This minimizes clutter on the blockchain and keeps transaction fees more manageable. 

For an in-depth look at the Runes Protocol's origins, mechanics, and benefits, see Bitcoin Runes Have Come to Leather: Unpacking the Runes Protocol.

What Are DECENTRALIZED Tokens?

The Runes concept began taking shape in late 2023. DECENTRALIZED, the Runes project launched in early 2024 with a stated total supply of 21,000,000,000 tokens, reflecting a culture-driven and community-focused ethos. As an early adopter of the Runes protocol, DECENTRALIZED illustrates how fungible tokens can seamlessly integrate into Bitcoin’s on-chain infrastructure.

How to Choose the Best Bitcoin Wallet for Runes Purchases

Here are key elements to look for when choosing a wallet for Runes purchases.

• Security: Confirm the wallet has strong encryption and gives you full control of your secret keys.

• User-Friendly Interface: A smooth user experience makes life easier.

• Full Runes Protocol Integration: Be certain the wallet can display Runes balances, mint tokens, and connect with Runes marketplaces.

• Reputation and Community Feedback: Consider user testimonials and community forums.

• Multi-Platform Support: A combination of browser extension and mobile app coverage can offer the flexibility you need for managing assets on the go.

Our own Leather Wallet checks all these boxes, making it a standout choice for anyone looking to buy, sell, or store Runes. 

Learn how to use Leather as a Runes Wallet.

Buying DECENTRALIZED (Runes) with Leather

Leather was among the first wallets to support Runes. It lets users view token balances, etch, and mint with minimal friction. It also offers real-time USD value views for your Runes. Here’s how to buy DECENTRALIZED (Runes) with Leather:

1. Set Up Your Leather Wallet: Visit leather.io to install the browser extension or mobile version. Follow on-screen prompts to create or import a wallet. Store your recovery phrase safely.

2. Add BTC to Your Wallet: You’ll need Bitcoin in your Leather wallet to buy DECENTRALIZED Runes. Transfer BTC from an exchange or another wallet.

3. Choose a Runes Marketplace: Leather connects to platforms like Ordbit, Luminex, and more. Select your preferred site and link your wallet.

4. Search for DECENTRALIZED: On your chosen marketplace, locate DECENTRALIZED Runes in their listings.

5. Initiate Your Purchase: Decide on the quantity and confirm your transaction in Leather. You’ll see your newly acquired tokens in your Runes balance.

How to Sell DECENTRALIZED (Runes) Tokens, Step-by-Step

Selling your Runes with Leather is just as straightforward as buying them.

1. Open the Runes Marketplace: Use a site like Ordbit or Luminex. Connect your Leather wallet.

2. Select DECENTRALIZED Tokens to Sell: Locate the DECENTRALIZED Runes in your inventory and set your asking price.

3. Approve the Transaction: Leather will prompt you to confirm the sale. Once approved, your Runes are listed for prospective buyers.

4. Complete the Sale: When a buyer makes a purchase, Leather automatically updates your BTC balance to reflect the proceeds.

Store Your Runes Safely with Leather

Security in crypto is key. By combining easy-to-read USD balances, user-friendly design, and robust encryption, Leather helps mitigate risks in a rapidly evolving ecosystem. Having immediate insight into the USD value of your DECENTRALIZED also simplifies everyday portfolio management.