Swapping Bitcoin for Ethereum: A THORSwap Finance Tutorial

THORSwap is a cross-chain decentralized exchange (DEX) built on the THORChain network, allowing users to swap native assets like Bitcoin and Ethereum without wrapping or bridging. If you're looking to exchange BTC for ETH securely and without intermediaries, THORSwap offers a seamless, non-custodial solution.

Here’s a step-by-step tutorial to help you swap Bitcoin for Ethereum using THORSwap Finance.

🛠️ Step-by-Step Guide

1. Connect Your Wallet

Visit THORSwap and click “Connect Wallet.” You can use wallets like:

• XDEFI Wallet

• MetaMask (for Ethereum)

• Ledger (via WalletConnect)

Make sure your wallet holds native BTC and is connected to the correct network.

2. Select Assets

On the swap interface:

• Choose Bitcoin (BTC) as the asset you’re sending

• Choose Ethereum (ETH) as the asset you want to receive

THORSwap will automatically route the trade through THORChain’s liquidity pools.

3. Enter Amount

Input the amount of BTC you want to swap. The interface will show:

• Estimated ETH output

• Network fees

• Slippage tolerance

Review the details carefully before proceeding.

4. Confirm and Send

Click “Swap” and confirm the transaction in your wallet. You’ll be prompted to send BTC to a THORChain-generated address. Once received, THORChain executes the swap and sends ETH directly to your Ethereum wallet.

5. Track Your Transaction

Use the built-in transaction tracker or check status on THORChain’s explorer. Swaps typically complete within minutes, depending on network congestion.

🔐 Why Use THORSwap?

• No bridges or wrapped tokens

• True cross-chain swaps

• Non-custodial and secure

• Supports multiple chains and assets

THORSwap eliminates the need for centralized exchanges or risky bridging protocols, making it ideal for users who value privacy and control.

❓ Frequently Asked Questions (FAQs)

Q1: Do I need to wrap BTC or ETH to use THORSwap?

A: No. THORSwap supports native asset swaps — no wrapping or bridging required.

Q2: What wallets are compatible with THORSwap?

A: XDEFI, MetaMask, Ledger (via WalletConnect), and other THORChain-supported wallets.

Q3: How long does a swap take?

A: Most swaps complete within 5–10 minutes, depending on network speed and congestion.

Q4: Are there any fees?

A: Yes, THORChain charges a small network fee and liquidity fee, both shown before confirming your swap.

Q5: Is THORSwap safe?

A: THORSwap is non-custodial and built on THORChain, which has undergone multiple audits. However, always use secure wallets and double-check transaction details.

Ready to swap BTC for ETH securely? Start your cross-chain journey at THORSwap Finance.