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THORChain
RUNERank #162What is THORChain?
THORChain is the first cross-chain decentralized exchange (DEX) to swap Bitcoin, without bridges or wrapped assets. THORChain is permissionless and no KYC is required.
THORChain currently supports swapping between 13 different blockchains. They are:
How to Buy THORChain in India
The easiest way to buy THORChain (RUNE) in India is through an FIU-registered Indian exchange. Here's how:
- Create an exchange account: pick an exchange that appears on the FIU-IND register and complete KYC verification (Aadhaar and PAN).
- Deposit INR: add funds by UPI, IMPS or bank transfer.
- Search for RUNE: use the search bar to find THORChain, then tap it to open the trading pair.
- Place your order: enter the amount in INR you want to invest. Use a market order to buy now, or a limit order to set your price.
- Secure your holdings: your RUNE sits in your exchange wallet. For large amounts, consider moving it to a hardware wallet.
Tax on THORChain in India
30% flat tax on all crypto profits under Section 115BBH of the Income Tax Act. No deductions allowed except cost of acquisition.
1% TDS on all crypto transactions above ₹10,000 under Section 194S. This is deducted automatically by Indian exchanges and can be claimed as credit when filing ITR.
Losses from THORChain trading cannot be set off against gains from other cryptocurrencies or any other income. Each transaction is taxed independently.
For a complete breakdown of crypto taxation in India, including ITR filing steps and airdrop rules, read our Crypto Tax India 2026 Guide.
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