Education

How to split Bitcoin Runes

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How to split Bitcoin Runes

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.

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How to split your Runes on Magic Eden

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 DOGTOTHEMOON, 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.

Splitting your Runes with Luminex

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 DOGTOTHEMOON, 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.

Conclusion

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.

Frequently Asked Questions (FAQs)

1. What are Bitcoin Runes?

Bitcoin Runes are fungible tokens created on Bitcoin using the Runes Protocol. The Runes Protocol simply makes it easier to create fungible tokens on Bitcoin and avoid problems such as network congestion.

2. Where can I buy Bitcoin Runes?

You can easily get your Bitcoin Runes on Magic Eden, OKX and Unisat.

3. Who created the Runes Protocol?

The Runes Protocol was created by Casey Rodarmor, who was also behind the Ordinal Protocol.
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Lawrence Mike

Hey, I'm Lawrence Mike. I've been in crypto for over 4 years now, and I've written more than 3,000 articles during this time. I love crypto. But, my biggest passion is letting you know what's happening in the space, and giving you strategies to make the most of your interest. I've worked with guys like Binance, BYDFi. I love the action. Plus, storytelling is my thing. So, my articles, scripts are friendly and are as simple as possible, My background includes a Master's in Corporate Communications from the Rome Business School. From breaking major stories, to conducting interviews and writing technical scripts, my passion and simplicity is the same.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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