In order to buy RON, users must go to the official Ronin decentralized exchange, Katana to swap tokens for RON.
Note: The only tokens currently available for swap are WETH, RON, AXS, SLP, and USDC.
How to swap tokens to RON in Katana?
One of the easiest ways to acquire RON on the Ronin Network is by exchanging other tokens for RON via Katana. Here's how to do so!
NOTE: You get 5 daily free transactions for swapping to RON or approval of tokens for use in Katana, so you can swap to RON for free if you ever run out of RON for transaction fees.
Step 1: Unlock and Connect your Ronin wallet. Ensure that your Ronin wallet is already unlocked before clicking "Connect Ronin Wallet".
You will need to agree to the Terms of Service.
Step 2: Choose the token you wish to swap for RON.
Step 3: Select RON as the token to be exchanged for.
Step 4: Enter the amount of either: (a) the tokens you want to swap or (b) the amount of desired RON you would like.
Note: The first time you initiate a token swap, you'll be asked to authorize the usage of the tokens in your wallet that you plan to exchange. This authorization is simply to allow Katana to use the specified tokens for the swap, and the swap itself won't be executed at this stage.
Step 5: Click "Swap".
Step 6: After selecting the token to swap, you'll be prompted to verify the transaction. This step displays information such as the current price and other relevant information.
However, keep in mind that due to the volatile nature of cryptocurrency prices, the price may change if you take too long to confirm the amount to swap. In such cases, you'll need to click "Confirm" for the updated price before proceeding to click "Confirm Swap".
Step 7: You will need to confirm the transaction in your Ronin wallet.
Step 8: Once confirmed, a popup will appear notifying you that the transaction has been submitted.
Note: It can take a while for the token to appear in your wallet.
Step 9: Your RON tokens should appear within your Ronin wallet shortly.