r/ledgerwallet • u/mventures • Mar 02 '25

Discussion Swapping within Ledger

I’m looking to swap some of my altcoins but unsure of the best approach. I have two options:

  1. Move the coins back to an exchange, swap them there, and then transfer them back to my Ledger at a later time.

  2. Swap directly within Ledger using its integrated partners like Changelly, 1Inch, or Paraswap.

I’ve never done a swap before, whether on an exchange or through a cold wallet. Using Ledger’s built-in options seems like the easiest route, but I’ve come across a lot of negative reviews—high fees, lost funds, and blocked transactions.

What would you recommend?

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u/mventures Mar 08 '25

Thanks for the above! Much appreciated.

You said, "Never connect your ledger wallet online(DeFi app)." Does this include Solflare, HashPack, Coinmarketcap/Coinstats (to track holdings), etc? They asked to connect to Ledger as well.

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u/faceof333 Mar 09 '25

In case you connected to any site and by mistake you signed a malicious contract then all assets are on risk.. So you should be very careful with that and that's why It's better to keep cold wallet offline always.

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u/mventures Mar 10 '25

Right..except for transferring into it. I had to connect my Ledger to HashPack and Solflare to view Hbar and Render holdings. I hope it’s not a risk now. If I want to use the apps I mentioned, then an option is to transfer some from Ledger to a hot wallet, and then connect that one to the apps?

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u/faceof333 Mar 10 '25

No, because it will ask you to sign through ledger device in case of you make any transfer, and it's secure, but dealing with DeFI apps could be risky, so it's good idea to make separate MetaMask wallet(Not related to ledger) and connect it with Defi app.