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We’ve left no stone unturned when it comes to the buzzing Runes Protocol. We’ve published educational pieces introducing you to the Runes Protocol as well as where to get them.
We also recently posted an article on how to buy and sell Runes. This time, we’ll show you how to split Bitcoin Runes. Runes are listed in packs and this can sometimes put off crypto users who don’t have enough funds to acquire them. This also reduces their odds of selling.
A solution to this is to split your Rune before listing. This concept of splitting your Rune is just a process of reducing the quantity of Runes you want to list, which also significantly drops the value or cost of the listed Rune.
If you are comfortable using MagicEden, the instructions below will guide you on how you can split your Rune via the platform.
Step 1 – Visit the Runes marketplace on MagicEden
Use the link (https://magiceden.io/runes) to quickly head to the Runes marketplace. Once the page opens, connect your wallet.
Step 2 – Go to your Portfolio
You can see a list of all your Runes once you visit the portfolio page. Once the page opens select a Rune from your list that you’d like to split. From the image below, I do not own any Rune in my connected wallet, hence the message “You don’t have any Runes.”
Step 3 – Split your Rune
After selecting your Rune, you will see two interactable buttons “List” and “Split”on the right side of the tab. Click on split and specify the number of splits you want to do.
Assuming the Rune I own is DOG•TO•THE•MOON, with a total quantity of 88,800. Once I click on split, I can reduce this quantity into 16 smaller packs with a quantity of 4,440 each.
Another platform you can use is Luminex, you can follow the steps below to split your Runes.
Step 1 – Visit Luminex’s website
Visit the website https://luminex.io/, and connect your Rune-compatible wallet once the page opens. To connect your wallet, click on the “Login” button on the top right corner of the page.
Step 2 – Head to the Runes marketplace
To get to the Runes marketplace, click on the “Mint Runes” button on the hero section of the page.
Step 3 – Click the “Transfer” button
Once you get to the marketplace, from the next etch tab, click on the “Transfer” tab.
Step 4 – Select your Rune
From the “Select Asset to Transfer” choose the Rune you would like to split. The amount of Runes you have will automatically be input.
Step 5 – Split your Rune
Click the small box next to Split Runes. The receiver’s address will automatically input your ordinals address.
Step 6 – Enter number of UTXOs
Specify how many splits you would like to do, and click on the “Transfer” button to initiate the transaction.
Let’s assume the Rune I own is DOG•TO•THE•MOON, with a total quantity of 88,800. I can input 10 to reduce the quantity of Runes into 16 smaller packs with a quantity of 8,880 each.
We’ve shown you how to easily split your runes and make profit from your asset. New products like Bitcoin Runes can be pretty tricky at first. But, our guideline simplifies the process. However, do not forget to do your own research before investing in digital assets.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..