diff --git a/INSTALL.md b/INSTALL.md
index dc46ea618..daca10799 100644
--- a/INSTALL.md
+++ b/INSTALL.md
@@ -144,7 +144,7 @@ In addition to meeting the [requirements](#requirements), you need a version of
 
 You must also ensure that the msvc versions of dependencies you're using are placed in the correct folders.
 
-For libsodium that is `c-toxcore/libsodium`, and for pthreads-w32, it's `c-toxcore/pthreads-win32`
+For libsodium that is `c-toxcore/third_party/libsodium`, and for pthreads-w32, it's `c-toxcore/third_party/pthreads-win32`
 
 Once all of this is done, from the **Developer Command Prompt for VS**, simply run
 
diff --git a/appveyor.yml b/appveyor.yml
index 925122fe4..91f727f76 100644
--- a/appveyor.yml
+++ b/appveyor.yml
@@ -7,6 +7,7 @@ install:
 - choco install curl
 - refreshenv
 - if not exist %APPDATA%\downloads mkdir %APPDATA%\downloads
+- cd third_party
 # libsodium
 - mkdir libsodium && cd libsodium
 - if not exist %APPDATA%\downloads\libsodium.zip curl -L https://download.libsodium.org/libsodium/releases/libsodium-1.0.12-msvc.zip -o %APPDATA%\downloads\libsodium.zip
@@ -16,7 +17,7 @@ install:
 - mkdir pthreads-win32 && cd pthreads-win32
 - if not exist %APPDATA%\downloads\pthreads.zip curl -L ftp://sourceware.org/pub/pthreads-win32/pthreads-w32-2-9-1-release.zip -o %APPDATA%\downloads\pthreads.zip
 - unzip %APPDATA%\downloads\pthreads.zip
-- cd ..
+- cd ../..
 
 before_build:
 - cmake . -DBOOTSTRAP_DAEMON=OFF -DENABLE_SHARED=OFF -DBUILD_TOXAV=OFF
diff --git a/cmake/Dependencies.cmake b/cmake/Dependencies.cmake
index 72c43b40c..b3e57e502 100644
--- a/cmake/Dependencies.cmake
+++ b/cmake/Dependencies.cmake
@@ -33,8 +33,8 @@ pkg_use_module(SNDFILE              sndfile      )
 # :: For MSVC Windows builds.
 #
 # These require specific installation paths of dependencies:
-# - libsodium in libsodium/Win32/Release/v140/dynamic
-# - pthreads in pthreads-win32/Pre-built.2
+# - libsodium in third-party/libsodium/Win32/Release/v140/dynamic
+# - pthreads in third-party/pthreads-win32/Pre-built.2
 #
 ###############################################################################
 
@@ -44,11 +44,11 @@ if(MSVC)
   find_library(LIBSODIUM_LIBRARIES
     NAMES sodium libsodium
     PATHS
-      "libsodium/Win32/Release/v140/dynamic"
-      "libsodium/x64/Release/v140/dynamic"
+      "third_party/libsodium/Win32/Release/v140/dynamic"
+      "third_party/libsodium/x64/Release/v140/dynamic"
   )
   if(LIBSODIUM_LIBRARIES)
-    include_directories("libsodium/include")
+    include_directories("third_party/libsodium/include")
     set(LIBSODIUM_FOUND TRUE)
     message("libsodium: ${LIBSODIUM_LIBRARIES}")
   else()
@@ -61,11 +61,11 @@ if(MSVC)
     find_library(CMAKE_THREAD_LIBS_INIT
       NAMES pthreadVC2
       PATHS
-        "pthreads-win32/Pre-built.2/lib/x86"
-        "pthreads-win32/Pre-built.2/lib/x64"
+        "third_party/pthreads-win32/Pre-built.2/lib/x86"
+        "third_party/pthreads-win32/Pre-built.2/lib/x64"
     )
     if(CMAKE_THREAD_LIBS_INIT)
-      include_directories("pthreads-win32/Pre-built.2/include")
+      include_directories("third_party/pthreads-win32/Pre-built.2/include")
       add_definitions(-DHAVE_STRUCT_TIMESPEC)
       message("libpthreads: ${CMAKE_THREAD_LIBS_INIT}")
     else()
diff --git a/third_party/README.md b/third_party/README.md
index 115465892..e9197bc9a 100644
--- a/third_party/README.md
+++ b/third_party/README.md
@@ -2,5 +2,3 @@
 
 All toxcore dependencies you want to build yourself should end up here, not in
 the source root. This directory is exempt from code style checks.
-
-TODO(iphydf): Change appveyor.yml to unpack dependencies here.