How to Split Your Runes on Magic Eden
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.
How to Split Your Runes on Magic Eden
If you are comfortable using Magic Eden, the instructions below will guide you on how to 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.
Step 4 – Confirm the transaction
Click the small box next to Split Runes. The receiver’s address will automatically input your ordinals address.
Step 5 – 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.
Conclusion
We’ve shown you how to easily split your Runes and make a profit from your asset. New products like Bitcoin Runes can be pretty tricky at first. But, our guide simplifies the process. However, do not forget to do your own research before investing in digital assets.
FAQs
Q: What is the purpose of splitting Runes?
A: Splitting Runes allows you to reduce the quantity of Runes you want to list, which significantly drops the value or cost of the listed Rune.
Q: How do I split my Runes on Magic Eden?
A: To split your Runes on Magic Eden, visit the Runes marketplace, select the Rune you’d like to split, and click on the “Split” button.
Q: What is the maximum number of splits I can do?
A: The maximum number of splits you can do is limited only by your wallet’s capacity and the quantity of Runes you are splitting.
Q: How do I know if I should split my Runes?
A: You should split your Runes if you’re having trouble listing them or if you want to increase your chances of selling them.
