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Blog posts, Product | 10/13/2020

Introducing Ledger Swap: One Place for Everything Crypto

Ledger Swap

Disclaimer: This service is operated by our partners. If you encounter any transaction related issues, please reach out to them. 

As of today, you can swap one crypto asset for another directly through Ledger Live! This milestone brings Ledger to the next level, turning it more and more into the single thing you need for a complete and successful crypto journey.

Swap: The Next Step for Ledger

Have you ever wanted to swap your crypto directly in Ledger Live? Now you can! With this brand-new swap feature, you can swap one crypto asset for another through Ledger Live with our partners.

So what exactly does swapping mean?

When you swap cryptocurrencies, you decide to swap a cryptocurrency that you have for another one that you’d like to have. For example: let’s say you’ve got some Ethereum, but you’d prefer to have Bitcoin instead. By using a swap service, you can change your Ethereum into Bitcoin. You’d send them your Ethereum, and they will take care of the swap for you. It’s exactly like changing your dollars for another currency by going to an exchange office. Except that we are talking about crypto. 

For more details, check out this article that simply explains what a swap is and why you’d want to use it.

People would normally have to turn to crypto exchanges to do this, which means that they needed to leave their precious crypto in someone else’s hands. Well, no more! 

With the Ledger swap, you can remain in complete control of your crypto while making the swaps you want. It can all simply be done through Ledger’s secure solution. This innovative release has been the result of lots of development and is powered by our partners. We’re excited to share the results with you today. Let’s take a look at what the new swap feature brings for you.

Why swap with Ledger?

The Ledger Swap is a game changer when it comes to swapping your crypto. So why is it? Let’s dive into its standout features and the benefits of swapping your crypto with Ledger.

High-end security in the palm of your hands

The sad truth is that crypto exchanges are frequent victims of hacks ranging hundreds of millions of dollars. At Ledger, we empower you with market-leading security for your crypto through our hardware wallets. These devices keep the access to your cryptocurrencies completely offline, out of reach for hackers.

Not only is our solution highly secure, so is our Swap feature. No swap will take place without your manual consent. We’ll have a dedicated article with more info on Swap and Security coming soon.

*You* have the power!

Any assets that you swap are immediately in your own possession and completely in your control, since you own your Private Key. The person who owns this key has access to the funds associated with it. With Ledger, you own your keys securely through our devices. You have complete freedom to do whatever you want with your crypto.

When you use an exchange, they actually own the key to the addresses they give you. This means you wouldn’t really own the assets, and the exchange can limit what you can do with your crypto. 

No more surprises

When it comes down to swapping, you definitely don’t want there to be any surprises. Many exchanges use what they call a float rate, meaning you’re not sure of much crypto you’ll be getting in return. Not with the Ledger Swap! Once you’ve set up your swap, you’ll get a fixed rate. What you see is what you get – no hidden extra costs or fees.

Spoiled for Choice 

Who doesn’t like having plenty to choose from? With the Ledger Swap, you’ll have around 40 different crypto assets available to you! Bitcoin, Ethereum, Tether, Ripple, Stellar and many more can be swapped, directly through Ledger Live. 

All in all, there’s plenty of reasons to choose to swap with Ledger. Curious to see how you can start swapping your crypto with Ledger? Check out this page for more info. 

Important to note: This feature, powered by our partners, is not available in all countries.

Ledger Swap

Ledger: The Combo for All Your Crypto Needs

The addition of the Swap feature is yet another step towards turning Ledger’s solution into the only thing you need for your entire crypto journey. We already ensured that anyone can start its crypto adventure on the right foot with Ledger by adding the option to buy your digital assets directly through our platform. We’ve even given our users the possibility to passively earn more crypto. And now, you no longer need to sacrifice the ownership of your crypto to swap them.

With Ledger, you don’t only have an incredibly high level of security for your crypto. You also make sure that you have full control and freedom over your own, hard-earned funds. And we’ll keep at it to provide you with the most options and best crypto experience possible.

Disclaimer: Trading cryptocurrencies includes risk. Ledger does not provide financial advice, and cannot be held liable for any losses as a result of using the Swap feature. Kindly note that the Swap feature is not available for each country due to local regulations.

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