Paraswap Step 4 : Access the application through the Discover tab in the left hand side Menu.
#Ledger live firmware update how to
Go back to the Transfer Steps 1 and 2 sections above for a refresher on how to do this. Ensure the app for the asset you wish to obtain is downloaded onto your Ledger hardware wallet (if an app is available). Paraswap Step 3 : Ensure the Ethereum app is downloaded onto your Ledger hardware wallet, and add an Ethereum account if you don’t already have one. In the search bar, type “Paraswap” and the app should appear below.ĭownload the Paraswap app as per the usual method. Go to the Manager tab to view the apps that are downloaded onto your device. Unlock the wallet with your PIN, and press both buttons to allow Ledger Live to access the wallet. Open Ledger Live and connect your Ledger hardware wallet to your device running Ledger Live. Paraswap Step 2 : Download the Paraswap app onto your hardware wallet. If your Ledger hardware wallet is not running the latest firmware, update it to the latest version as well. Paraswap Step 1 : Update Ledger Live or download the latest version onto your PC or mobile device. As such it may not make much sense to trade amounts under $1000, as your transaction fee will eat up a significant portion of your asset’s value. At the time of writing, congestion on Ethereum is such that gas fees in excess of 100 gwei ( corresponding to $90 or more for a typical swap transaction ) are common. This can be a significant cost, so be aware. It should be noted that ParaSwap is a Layer 1 exchange aggregator, so you will need to pay the transaction fee (or “gas”) required to have your transaction confirmed on the Ethereum mainnet. By checking the exchange rates from multiple DEXes, you can be assured that you are getting the best possible rate for your trade. The Ledger support site describes Paraswap as “a decentralized application (dApp) that aggregates multiple decentralized exchanges (DEXes) in a comprehensive and convenient interface”.
If you wish to exchange between ETH and/or any ERC-20 tokens on the Ethereum network, Paraswap provides a very nice user experience.
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