How to Use ParaSwap with Ledger live?

Ledger Live has now added ParaSwap to its list of features. Allowing Ledger Nano hardware users to swap crypto such as ETH, USDT, AAVE, and many more

In this guide, we’ll take a look at what ParaSwap is, what tokens you can swap and how to use ParaSwap on Ledger to exchange your tokens.

How to Use ParaSwap with Ledger live?

What is ParaSwap?

ParaSwap (similar to the likes of 1inch) is a DEX aggregator that pulls in more than 30 decentralized exchanges (DEXs) into a single place and these include the likes of UniSwap, SushiSwap, and 0x.

ParaSwap essentially checks the rates across all the exchanges to provide the best exchange rates available. With your crypto being traded within ledger live it means that your crypto will always remain safe when swapping too.

Plus because it’s decentralised you won’t need to create a separate account.

Supported Tokens

With ParaSwap, Ledger hardware users can swap ETH and ERC20 tokens, including the likes of Aave, Chainlink, Dai, Polygon, Sushi, UNI and Wrapped Bitcoin.

When swapping your tokens ParaSwap can offer lower prices than the market by splitting your swap order between various DEXes and finding the best routing.

To swap with ParaSwap, all you need is an Ethereum account on Ledger Live.

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Louise Elizabeth

Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future. After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.

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How to Use ParaSwap with Ledger live?