Secure Crypto Swaps with THORChain on Ledger

If you’ve ever wanted to trade something like BTC for ETH without jumping through hoops, now’s your chance.

Users can do it all directly from their Ledger device, keeping their assets safe. Let’s discover more about THORChain.

Swap Cryptos Securely from your Ledger Device

When it comes to swapping different cryptocurrencies, most people use exchanges or platforms that rely on something called “wrapped tokens”. Wrapped tokens are like a copy of your crypto. So, if you wanted to swap Bitcoin for Ethereum, you’d have to use a “wrapped” version of one of them. The problem? When you use wrapped tokens, you’re giving up control of your original crypto, which can be risky.

THORChain solves this problem by allowing users to swap native assets. You’re trading the real deal—no wrapped tokens involved. You don’t have to give up control of your assets, which means your crypto stays safer.

Starting today, @THORChain is rolling out on Ledger Live!🚀

With @THORChain , you can swap native assets directly from within the security of your Ledger device—like swapping BTC for ETH—without relying on wrapped tokens giving up custody of your assets.

Enjoy cross-chain swaps… pic.twitter.com/4GxRKWtxBf

— Ledger (@Ledger) October 21, 2024

Ledger is known for its hardware wallets , which help keep your crypto safe by storing your private keys offline. With THORChain now rolling out on Ledger Live, you get the best of both worlds: secure storage and easy cross-chain swaps.

Cross-chain swaps allow you to trade between different blockchains. You could trade Bitcoin for Ethereum, Litecoin, or other cryptocurrencies—all without leaving the security of your Ledger device.

More About THORChain

THORChain is decentralized, which means no one person or company is in charge. This reduces the risk of hacks or fraud that can happen on centralized exchanges. It’s like keeping your money in a vault that only you have the key to.

THORChain operates over years & cycles

6 yrs ago – Idea conceived
4 yrs ago – Single chain POC
3 yrs ago – Multichain launch
2 yrs ago – First major swap integration ( @TrustWallet )
2024 – OKX, https://t.co/oKEai14uEU , & others✨ integrate
2025+ Even more integrations & App Layer https://t.co/RD2ipAduTF

— THORChain (@THORChain) October 16, 2024

With THORChain’s tech, you can swap between different cryptos securely, knowing you’re not giving up control of your assets. In the crypto world, security is everything, and using Ledger with THORChain is a great way to play it safe.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.