Runes Wallet
Manage all your Runes in one secure Bitcoin Runes wallet, available for Chrome, Android, and iOS.
Xverse - The Best Wallet for Runes Tokens
Xverse is the leading Bitcoin wallet designed for the ever-evolving Web3 ecosystem built on Bitcoin.
Thanks to its user-friendliness and intuitive design, Xverse has established itself as the go-to wallet for new and experienced users in the Bitcoin Web3 ecosystem, offering support for innovative assets like Ordinals, BRC-20 tokens, and Runes.
What Are Bitcoin Runes?
Bitcoin Runes are fungible tokens built on the Bitcoin blockchain as alternatives to BRC-20 tokens. Runes are powered by the Runes Ordinal Protocol, which Casey Rodarmor, the brains behind the Ordinals protocol, proposed in September 2023.
According to Casey, the Runes Ordinal protocol is a better and simpler alternative to the BRC-20 token standard, the first experimental protocol for creating fungible tokens on the Bitcoin network. However, the protocol resulted in lots of ‘junk’ UTXOs, leading to network congestion.
Unlike other Bitcoin token standards, Runes doesn’t rely on a native token or off-chain data to operate. Instead, Runes is a UTXO-based model and uses unspent transaction outputs (UTXOs) to track the Runes balance. Each transfer transaction is broken into different UTXOs, which all hold different amounts of Runes.
Bitcoin Runes had a remarkable reception within the Bitcoin community, with the first $RUNE token issued on the same day Rodarmor announced the protocol’s development.
Securely Send & Receive Bitcoin Runes
The Xverse Runes wallet makes it easy to send and receive Runes tokens. Thanks to its non-custodial nature, you have complete control over your private keys and, therefore, all your Bitcoin assets.
Xverse is available on mobile for Android and iOS and as a Chrome browser extension, allowing you to interact with Bitcoin Web3 and DeFi applications while on mobile or desktop.
Buy & Sell Bitcoin Runes With Ease
You can connect your Xverse Runes wallet to any supported Runes marketplace to seamlessly buy and sell Runes tokens.
Make sure you have enough BTC to cover transaction fees and rest assured that once you have purchased Runes tokens, they will be securely stored with Xverse wallet.
Download Xverse to start trading Bitcoin Runes.
Frequently Asked Questions
How do Bitcoin Runes work?
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Bitcoin Runes protocol is a UTXO-based model that assigns a certain amount of Runes to Unspent Transaction Outputs (UTXOs), which help keep track of the Runes token balance. Implementing a transfer function splits the UTXO into several ones, each holding different amounts of Runes.
What’s the difference between Runes and BRC-20 Tokens?
The most significant difference between BRC-20 tokens and Runes is that BRC-20 tokens are based on the Ordinals protocol, while Runes uses a UTXO-based model. Besides, Runes tokens use the special function OP_RETURN to store data, unlike BRC-20 tokens, which rely on the witness segment of a Bitcoin transaction to store data. Finally, unlike BRC-20 tokens, Runes are also Lightning compatible.
How to invest in Bitcoin Runes?
To start investing in Runes tokens, you first need an Ordinals-compatible Bitcoin wallet like Xverse, which can be connected to marketplaces for buying and selling Runes. Next, you will need to fund your wallet with BTC to ensure you have enough funds to cover transaction fees. Finally, you choose the Runes tokens you want to buy as well as the amount and confirm the purchase using your Xverse wallet. Your Runes tokens purchase will take a few minutes to complete and you will see the amount reflected in your Xverse wallet.
Are Bitcoin Runes risky?
Yes. The Runes protocol is still in its developmental stage as an experimental token standard for creating fungible tokens on the Bitcoin network. As such, it is still largely unclear what direction the protocol standard will take. Like any other digital asset, it’s essential for you to tread cautiously with Runes, only potentially investing what you can afford to lose.
