THORChain wallet

The best hardware wallet for your THORChain coins

Secure your THORChain coins with the most trusted cryptocurrency wallet. Cold storage wallets are encrypted devices that store your THORChain coins offline, providing a layer of security against the evolving threats emerging from being connected to the internet.
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How to use THORChain with Ledger

What is THORChain?

THORCHain is a decentralized liquidity protocol that lets users quickly swap assets across the different blockchain ecosystems. It is a non-custodial platform that uses an automated market maker (AMM) mechanism similar to the early versions of Bancor (BNT) or Uniswap, with THORChain's native token (RUNE) serving as the basic swap pair. Traders can swap between different asset pools using RUNE as a hidden middleman at fair market prices and deep liquidity. The protocol also pays a percentage of trading costs to liquidity providers (LPs), who deposit or stake assets on either side of a liquidity pool.

THORChain's native coin is RUNE. It has a 500 million supply and four critical use cases:
- Security – Node operators must bond twice as much RUNE as the quantity they provide to a pool to assure safety. The RUNE bonds serve as collateral to guarantee that node operators act in the network's best interests.
- Governance – RUNE token holders can prioritize the asset or chain they want to support. They accomplish this by voting with RUNE.
- Incentives – Block rewards and swap fees are paid on a defined emission schedule to liquidity providers and node operators in the form of RUNE. Additionally, users can also pay gas fees with RUNE.
- Rewards – Every user that adds tokens to a liquidity pool receives a reward in the form of RUNE. Token holders can also stake their assets and profit from the fees collected from other pool participants.

What is a THORChain wallet?

To store and manage THORChain, you need a compatible cold wallet. Whether you’re looking to keep your assets safe and HODL or manage them on a daily basis, Ledger has the right product for you.

Ledger hardware wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.

Ledger Live App

Ledger Live App is a gateway to managing your assets, staking and earning passive income, checking your real-time balance, tracking transaction histories, and more.

How to get a THORChain hardware wallet?

01

Get Ledger Nano

Select and purchase a Ledger cold wallet of your choice. Beginner in the crypto world? Get started with Nano S Plus. Prefer a Bluetooth connection? Try with Nano X.

Get Ledger NanoCompare Ledger crypto wallet

02

Download and install what could be the best apps to buy crypto: Ledger Live

Download and install Ledger Live in a couple of clicks. Ledger Live is a crypto app for desktop & mobile that enables you to set up a Ledger device and manage your tokens.

Download Ledger Live

03

Add THORChain to your portfolio

Install THORChain on your Ledger Nano:

  1. Open Ledger Live and navigate to Manager.
  2. Connect and unlock your Ledger device.
  3. Search for THORChain in the app catalog and click Install.

04

Create a THORChain account in Ledger Live:

  1. Open Ledger Live and head to Accounts.
  2. Click Add account.
  3. From the drop-down menu select THORChain.

You’re all set!

Buy, manage, and stake THORChain at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can buy, send/receive, (swap), and stake THORChain to generate passive income. Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties partners.

1

The best way to keep your THORChain coins secure

Secure multiple assets, including THORChain using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

NEW

LEDGER NANO S PLUS

Protect your THORChain assets with the first and only independently-certified THORChain wallet on the market.

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Ledger Nano X

BEST SELLER

LEDGER NANO X

The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your THORChain assets.

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Choice of 5,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

Read more reviews

Frequently Asked Questions

When you first buy token, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your wallet to spend, withdraw, or transfer your cryptocurrencies.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano crypto wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano hardware wallets keep your keys secure and give you complete control over your tokens.

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