In the age of super-congested Ethereum blockspace, this feature is a huge value-add! If you plan to send the asset for which you are trading to a hot wallet for example, go ahead and do this as part of the exchange and save yourself the gas fees of that secondary transfer. Toggle this on, and ParaSwap gives you the option to send the asset you are receiving to a different wallet address than your Ledger’s. You can adjust this as desired or choose to view the assets you are trading in USD terms via this dropdown menu.Īnother great feature of the ParaSwap interface is the Swap and Transfer function. If you are selling ETH for an ERC-20 token, ParaSwap defaults to the inverse of this, with ETH in the numerator ( to show how many of the token you can receive by selling 1 ETH ). Typically other charting apps will show prices with ETH in the denominator. You can change how the price chart is displayed by clicking the small down arrow next to the pair name above the chart. Paraswap Step 4 : Access the application through the Discover tab in the left hand side Menu. #Ledger live exchange how toGo back to the Transfer Steps 1 and 2 sections above for a refresher on how to do this. Ensure the app for the asset you wish to obtain is downloaded onto your Ledger hardware wallet (if an app is available). Paraswap Step 3 : Ensure the Ethereum app is downloaded onto your Ledger hardware wallet, and add an Ethereum account if you don’t already have one. In the search bar, type “Paraswap” and the app should appear below.ĭownload the Paraswap app as per the usual method. Go to the Manager tab to view the apps that are downloaded onto your device. Unlock the wallet with your PIN, and press both buttons to allow Ledger Live to access the wallet. Open Ledger Live and connect your Ledger hardware wallet to your device running Ledger Live. #Ledger live exchange downloadParaswap Step 2 : Download the Paraswap app onto your hardware wallet. #Ledger live exchange updateIf your Ledger hardware wallet is not running the latest firmware, update it to the latest version as well. #Ledger live exchange PcParaswap Step 1 : Update Ledger Live or download the latest version onto your PC or mobile device. As such it may not make much sense to trade amounts under $1000, as your transaction fee will eat up a significant portion of your asset’s value. At the time of writing, congestion on Ethereum is such that gas fees in excess of 100 gwei ( corresponding to $90 or more for a typical swap transaction ) are common. This can be a significant cost, so be aware. It should be noted that ParaSwap is a Layer 1 exchange aggregator, so you will need to pay the transaction fee (or “gas”) required to have your transaction confirmed on the Ethereum mainnet. By checking the exchange rates from multiple DEXes, you can be assured that you are getting the best possible rate for your trade. The Ledger support site describes Paraswap as “a decentralized application (dApp) that aggregates multiple decentralized exchanges (DEXes) in a comprehensive and convenient interface”. Everything for you to have a chance to exchange Bitcoin, Ethereum and more than 160 crypto coins inside your app.If you wish to exchange between ETH and/or any ERC-20 tokens on the Ethereum network, Paraswap provides a very nice user experience. #Ledger live exchange fullThe collaboration, however, does not end at this point – we are planning on more work in the future, including the full integration of our exchange server with the Ledger application. The apps can be tailored to the user’s needs.ĬhangeNOW, a leading non-custodial cryptocurrency exchange, is now available on Ledger Live application as a reference link in the list of suggested exchanges. Installing and uninstalling devices are always safe on Ledger Live. Ledger developers made sure that all the users have a comprehensive step-by-step transaction process, no matter how elaborate the transfers are. The users can scan through the value of their crypto assets even when their Ledger hardware wallet is not connected to the computer. The major convenient points for this application are: Sure, the wallet supports such well-known cryptos like Bitcoin and Ethereum, but along with them, Ledger offers secure storage space for unique tokens that can rarely be found in other crypto wallets. The list of cryptocurrencies Ledger wallet supports is impressive, too. Ledger Live is an application that allows Ledger cryptocurrency hardware wallet users to manage their accounts, perform cryptocurrency transactions with ease and manage the assets from anywhere. ChangeNOW cryptocurrency exchange is proud to present a new wallet collaboration with Ledger Live.
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