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Blog posts, Product | 11/09/2021

Ledger Live adds support for ParaSwap via Binance Smart Chain

Things to know:
— ParaSwap is our first DApp to be supported on Binance Smart Chain. You can now swap your BNB & BEP-20 tokens securely through Ledger Live*.
— We will gradually support Binance Smart Chain (BSC) for the DApps available on Ledger Live.
— Swapping crypto through Binance Smart Chain has several benefits, including low transaction fees & lightning-fast transactions.
— Combined with Ledger Live, it’s a fast, cheap & secure way to join the ever-expanding world of DeFi.

At Ledger, we allow you to unlock your digital assets by adding more and more coins, tokens, NFTs and decentralized applications into Ledger Live. You can already access a wide variety of DApps, ranging from Lido, ParaSwap, and Zerion in the Ledger Live Apps Catalog (Discover Section). 

We will now gradually begin supporting Binance Smart Chain (BSC) for the DApps on Ledger Live, which are currently supported by the Ethereum network. This means you can swap your BNB and BEP-20 tokens securely whilst benefiting from BSC’s blockchain efficiency.

Binance Smart Chain: From Nano Integration to full DApps support

The Binance application is already available on your Ledger Nano S & Ledger Nano X, but that was just a first step. Back in August 2021, we enabled your ability to manage, send & receive your BNB coins & BEP-20 tokens through Ledger Live, without the need to use a third-party wallet. 

Now, we are completing BSC integration into Ledger products. You’ll progressively be able to use the DApps available through Ledger Live on the BSC network, in addition to the Ethereum network, with ParaSwap as the first DApp to be integrated. 

Click here to read our Ledger Academy article to learn everything about Binance Smart Chain.

Swap BEP20 tokens with ParaSwap through Ledger Live

When using ParaSwap through Ledger Live, you can switch from the Ethereum network to the BSC network. This means you can swap your BNB and BEP-20 tokens securely while benefiting from BSC’s blockchain efficiency. 

Exchanging crypto through Binance Smart Chain has several benefits. Among them are sophisticated smart contract features, low transaction fees & lightning-fast transactions. It’s a faster, smoother and cheaper way to join the thrilling world of DeFi.

Your Ledger Live journey with BSC & ParaSwap

Don’t worry. Exchanging your crypto on Paraswap through Binance Smart Chain is easy.

All you need to do is to access the ParaSwap interface through the Ledger Live Apps Catalog. You’ll then be able to switch accounts and select your BNB account. 

The path is now clear for you to swap your tokens with ParaSwap on Binance Smart Chain! 

Stay tuned, as more is coming soon

We will keep adding more into Ledger Live to further enrich your experience, with one goal in mind: to become your secure gateway for digital assets and Web3.

Finally, be sure to keep an eye on what’s going on in the Ledger Live Apps Catalog Discover section.

*Disclaimer: Swap, lend, and other crypto transaction services are provided by third-party partners. Ledger provides no advice or recommendations on use of these third-party services.

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