THORChain is a decentralised cross-chain liquidity protocol based on Tendermint & Cosmos-SDK and utilising Threshold Signature Schemes (TSS). THORChain observes incoming user deposits to vaults, executes business logic (swap, add/remove liquidity), and processes outbound transactions. THORChain is primarily a leaderless vault manager, ensuring that every stage of the process is byzantine-fault-tolerant. THORChain's key objective is to be resistant to centralisation and capture value by facilitating cross-chain liquidity. THORChain only secures the assets in its vaults, and has economic guarantees that those assets are safe.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store THORChain. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing THORChain and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store THORChain without any technical knowledge. Here is a brief overview of the existing wallet options to store your THORChain:
Hosted Wallet
Hosted wallets are wallets where the private keys to your THORChain are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your THORChain online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
Software wallet
A software wallet is a program installed on your computer or other device in order to use and manage your THORChain. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your THORChain, and if malicious parties have access to your device, your private keys (and therefore your THORChain) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your THORChain offline. It is one of the safest ways to store your THORChain, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your THORChain is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive THORChain. Once you have purchased THORChain on Bitvavo, you can choose to send your THORChain from your Bitvavo wallet to your own software or hardware wallet.
