Swap ERC20 with Ledger (2024)

FAQs

Can you swap ERC20 tokens on Ledger? ›

Buy, Swap, Manage, and Stake ERC20 tokens at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management.

It's possible to get an error message when attempting to swap in Ledger Live. This is likely due to having a VPN on, so please make sure to temporarily disengage your VPN before attempting to swap in Ledger Live. It can take time to receive your crypto after doing a swap. This is usually due to network congestion.

For Maximum Security: Swap Crypto through Ledger Live. The most secure way of swapping your crypto is to use the swap feature within Ledger Live. In short this powerful tool enables you to swap securely through one of our third-party swap providers. Here's how it works, and why it's so secure.

Safely exchange your crypto through Ledger

Enter the amount you want to exchange and check the rate. To exchange with ParaSwap, go in the Discover tab and select 'ParaSwap'. Open the Exchange application, or the ParaSwap application on your Ledger Nano. Verify the information on your device and confirm the exchange.

You'll receive your coins directly in your Ledger account. Note that it may take up to 3-4 hours for the transaction to be processed and confirmed. You can track the status of your transaction in the History tab.

In general, crypto swaps are subject to taxation, but in the case of a crypto swap loss, there is simply no income (also referred to as a capital gain) for the government to tax. Although the IRS requires you to report crypto swap losses, it also allows you to write-off some or all of your losses.

Someone obtained your physical device and knew its PIN

An attacker got access to your physical Ledger device while simultaneously knowing its PIN code. They would be able to unlock the device and sign transactions to themselves or another party.

These fees are paid to miners or validators who secure the network. The specific fee depends on the network congestion and transaction size, not the amount being transferred. Busy networks mean higher fees as users compete to get their transactions processed faster.

What is the cheapest way to swap ETH tokens? ›

Changelly Exchange is widely regarded as the cheapest way to exchange Ethereum. Our platform offers exceptional customer support and a broad range of available assets, ensuring a seamless trading experience.

CoinList waits for 30 confirmations to consider an ETH or ERC-20 transaction final. Although typically this should only take about ~5 minutes,this can take anywhere from five minutes to four hours.

You can convert it using decentralised exchanges like Ethersweep it is one of the fastest, most convenient way to scan Ethereum wallets and convert ERC-20 tokens to ETH.

To transfer ERC-20 tokens, we'll need to broadcast a transaction to the blockchain just like before, but with a few changed parameters: Instead of setting a value for the broadcasted transaction, we'll need to embed the value of tokens to transfer in the data send in the transaction.

Launch the Ledger Live app and head over to the destination account.. Within that account, click on Receive. Copy the displayed destination address and ensure it matches the address displayed on your Ledger device. Navigate back to the Accounts section and select the account you want to send from.

Is ERC-20 the Same As ETH? Ether (ETH) is the native token used by the Ethereum blockchain and network as an internal payment system. ERC-20 is the standard for creating smart contract-enabled fungible tokens to be used in the Ethereum ecosystem.