- #LEDGER LIVE EXCHANGE HOW TO#
- #LEDGER LIVE EXCHANGE FULL#
- #LEDGER LIVE EXCHANGE PROFESSIONAL#
- #LEDGER LIVE EXCHANGE FREE#
It’s an understandable concern, but often an invalid one. One of the biggest concerns with cryptocurrency holders is that they will be taxed if they exchange their assets.
Now, Swap makes it as simple as clicking a few buttons.
#LEDGER LIVE EXCHANGE PROFESSIONAL#
The capability to temporarily opt-out of volatility is regularly exploited by professional traders.
#LEDGER LIVE EXCHANGE FREE#
Once things start picking up again, you would then be free to convert your USDT back into ETH or anything else! Let’s say you’ve got some Ether (ETH) and you think it’s going to temporarily drop in value, you can quickly exchange it for a price-stable asset like USDT to maintain the value of your balance even if the market turns sour. If you’re more on the conservative side, you’ll be pleased to know that Swap also works in reverse! Sensing uncertainty in the market? No problem-swap your volatile cryptocurrencies for stablecoins like Tether (USDT) and you’ll be home and dry! Swap allows you to take advantage of rapid price changes without first needing to deposit to an exchange-saving you precious seconds and allowing you to quickly swap one cryptocurrency for another in just minutes. With many cryptocurrencies experiencing wild price swings at the drop of a hat, there’s always an opportunity to be had for the quick. When it comes to trading cryptocurrencies, time is money-quite literally. With dozens of cryptocurrencies now supported, the opportunities are practically endless.
You’ll also be able to keep track of all your swaps through the history tab-helping you keep tabs on your profits with ease. Or for those that want to try for a better exchange rate, there’s a floating rate option, which will automatically execute at the best price at the moment the order is validated rather than fixing it in advance. This means you can be sure exactly what you’re going to get-no need to factor in complex factors like spread or slippage. Swap also keeps things clear-cut by providing a fixed exchange rate each time. You can then simply wait until the process completes, after which your newfound coins will be available in your wallet.Īll the technical wizardry that ensures the swap goes through smoothly occurs behind the scenes. After loading up the swap feature, simply choose the cryptocurrency you want to swap and the cryptocurrency you want to receive in return, enter an amount to swap, and then simply click ‘Exchange’. If you’re baffled by the complexity that can come with regular cryptocurrency trading-like charts, limit orders, stop losses and all that jazz, then you’ll find Swap to be a breath of fresh air.
#LEDGER LIVE EXCHANGE HOW TO#
“But… what if I don’t know how to trade?”, we hear you say.ĭon’t sweat it.
#LEDGER LIVE EXCHANGE FULL#
Exchanges, on the other hand, take full custody of these keys-leaving your funds at risk should their security fail and restricting how and when you can access your assets.įor more on the importance of keeping custody of your private keys, see Crypto and Financial Freedom.
This is made possible thanks to your Ledger hardware wallet, which securely stores and manages the private keys that allow you (and only you) to spend your funds. it’s completely non-custodial! This means you never have to trust anybody else with your funds. Unlike when trading at one of the numerous centralized exchange platforms, you never lose control of your cryptocurrencies while using Swap-i.e. Powered by our partners Changelly, Paraswap and 1Inch, Swap has become one of our most popular new utilities – largely due to the flexibility it offers for users using a Ledger device to store their assets.īut are you using it to its full potential? Find out below! Why you should use Swapįor the security conscious, Swap represents an easy way to gain access to a massive range of cryptocurrencies, without having to give up that oh-so-important security. It’s similar to doing a currency conversion, except this conversion is between cryptocurrencies like Bitcoin (BTC), Ether (ETH), and a whole bunch more. If you’ve loaded up Ledger Live at all in the last few months, odds are you’ve spotted one of our latest features- Swap!Īs you may have already deduced, Swap is a nifty feature that allows you to easily swap one supported cryptocurrency for another-all while benefiting the same security you expect when using your hardware wallet with Ledger Live. With over 40 cryptocurrencies supported, Swap has something for everyone and couldn’t be any easier to use. Through Swap, you can easily and securely exchange one crypto for another, enabling you to potentially capitalize on opportunities or exit volatility as needed. As part of our goal to make Ledger the gateway to all your crypto services, we recently introduced a new feature known as Swap.
0 kommentar(er)
