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Author Topic: Trade crypto from ledger hardware wallet  (Read 200 times)
patinencomun (OP)
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September 07, 2020, 06:48:03 PM
 #1

Hi to all,
would be possible to trade (btc-usdt, eth-btc, ltc-btc,...) directly from ledger hardware wallet?

From ledger live app is available coinify partner but seems is only for buy crypto from fiat using your credit card and requires verification.

what about faa.st?
what are the any anonymous crypto trade alternative?

Thank you.
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September 07, 2020, 06:56:55 PM
 #2

would be possible to trade (btc-usdt, eth-btc, ltc-btc,...) directly from ledger hardware wallet?
I guess not however you can do peer to peer exchange. If you are talking about usual trading like we do in regular exchanges then it's not possible. Your every tx will be on chain and that will cost you a lot.

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what about faa.st?
First time I am hearing it. No idea.

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September 07, 2020, 08:49:20 PM
 #3

Quote
what about faa.st?
Considred as one of the cheappest swap services in some discussions, there is no reviews about it. I was surprised to discover that it has been created years ago, but the lack of reviews sounds an alarm to me.
Op, try it at your own risk. I suggest you not to use it with big money. And don't forget that there are better alternatives to make crypto swaps anonymously .
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September 07, 2020, 09:59:06 PM
 #4

You can buy on Ledger Live App through Coinofiy with a credit card or with a bank but you can't trade. They require KYC for this feature.

For more details about buying through Ledger Live: https://www.ledger.com/buy-crypto-in-ledger-live

what are the any anonymous crypto trade alternative?
Bisq.network

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September 08, 2020, 12:02:35 AM
 #5

I think you can use the supported third party services for ledger wallet like Binance dex but they only have limited coins available to exchange. There is no direct exchange for BTC to USDT but you can exchange them in BNB then exchange them to stable coins like TUSD.

You can check the other supported third party from here https://www.ledger.com/ledger-wallets-and-services

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September 08, 2020, 01:04:05 AM
 #6

You can buy them in LocalBitcoins its a site where many people are selling their crypto for an specific price, just be careful in sending money make sure you've checked their reputation first. Then try decentralized exchanges they do not require KYC, mostly the most supported one's are in the ETH Blockchain name; Uniswap and Kyber. But the downside to this, is that the gas fees will cost you.

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September 08, 2020, 02:08:02 AM
 #7

Just go to the Collectibles page here inside Marketplace and post a "WTB" thread.  Plenty of people there have extra Ledgers , Trezors, KeepKeys, and all sorts of other types of hardware wallets.  You'll be able to get one for a good deal.

I personally would recommend going with a Trezor over Ledger ( though these are definitely the two best options in most peoples opinions ).  The Trezor is just easier to use, has a better layout, and the Model T version has a nice little touch screen that makes things much easier than the very low tech Ledger option.  Ledgers aren't bad however, so don't get me wrong.

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September 08, 2020, 02:42:43 AM
 #8

I personally haven't used the built-in exchange feature, but I'm going to guess that the fees are going to be huge hence I don't use it and I don't suggest using it.

If you want to trade your crypto, just send it over to your favorite custodial exchange; or just connect your Ledger to your preferred non-custodial exchange.

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September 08, 2020, 03:11:38 AM
 #9

You can buy them in LocalBitcoins its a site where many people are selling their crypto for an specific price, just be careful in sending money make sure you've checked their reputation first. Then try decentralized exchanges they do not require KYC, mostly the most supported one's are in the ETH Blockchain name; Uniswap and Kyber. But the downside to this, is that the gas fees will cost you.
You can choose P2P marketplace from the Help: A list of LocalBitcoin alternatives (P2P marketplaces) and from the [BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.)

Don't be greed and be scammed by choose trade partners that are new users (zero or too little past trades) or with bad reputation, trust or have red, negative feedback. Scammers try to set their offers with very high rate, and greedy traders will be scammed if they ignore their bad past records.

Trade with old and trusted trade partners has another good thing: you can avoid accusation on money laundering. For new trade partners, you don't know how their flow of capital come from but for old trade partners at least you can believe they don't have illegal money laundering trades.

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September 08, 2020, 03:30:13 AM
 #10

As far as I know there are only 2 anonymous crypto trade alternatives:

[1] https://bisq.network/
[2] https://hodlhodl.com/

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September 08, 2020, 03:34:19 AM
 #11

As far as I know there are only 2 anonymous crypto trade alternatives:

[1] https://bisq.network/
[2] https://hodlhodl.com/
They don't require KYC and are good for people who want to have anonymous trades. They are built for anonymous traders but the anonymity will depend on other factors: how people mix their coin before make deposit to trade, and how to use coin after a trade on anonyomus exchanges.

CoinJoin is good and Wasabi wallet can give Coin Join transactions.
CoinJoin: Bitcoin privacy for the real world
wasabiwallet.io

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September 08, 2020, 04:24:01 AM
 #12

you mean "trade" for one time only or daily trade
why would yo do trade via ledger hardware wallet i mean there's bunch exchange that doesn't require KYC/AML trade via ledger if exist will cost you lot of money to pay the transaction fee

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September 08, 2020, 08:20:45 AM
Last edit: September 10, 2020, 06:38:54 AM by patinencomun
 #13

Thank you to all

What about atomicwallet?, just send the coins to be traded from hardware wallet to atomicwallet
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September 08, 2020, 08:25:36 AM
 #14

Thank you to all

What about atomicwallet?, just send the coins to be traded from hardwere wallet to atomicwallet

Using the exchange feature of AtomicWallet will not be any different from using the exchange feature of Ledger. If you're fine with sending out the coins, maybe try using non-custodial exchanges like Bisq.network instead?

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September 08, 2020, 09:11:00 AM
 #15

patinencomun, what you are looking for may be partially available through Ledger HW, but not through the S&X model, but through a special Blockchain Lockbox model which you can then connect directly to your blockchain.com account. Currently supported coins : BTC, BCH, ETH, XLM, USD-D, USDT.

More info -> https://www.blockchain.com/lockbox

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September 08, 2020, 09:19:59 AM
 #16

You can buy them in LocalBitcoins its a site where many people are selling their crypto for an specific price, just be careful in sending money make sure you've checked their reputation first. Then try decentralized exchanges they do not require KYC, mostly the most supported one's are in the ETH Blockchain name; Uniswap and Kyber. But the downside to this, is that the gas fees will cost you.

Is possible to buy in local btc,i really want to get the concept of buying local bitcoin, which of the bitcoin is local.



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September 08, 2020, 09:23:15 AM
 #17

Using Ledger directly for trading isn't a good idea IMO. Because you will be always redirected to the third party exchanges, same as during buying crypto from Ledger. It's pretty simple trading anonymously with a decentralized exchange, but you will not find your appropriate trading pair. Or you may use Binance without KYC verification with withdrawal limits. But probably your IP will be revealed. So, to be completely anonymous only option is a decentralized exchange.

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September 11, 2020, 11:14:03 AM
 #18

Ok, after some tryies of wallets that allow trades like:

exodus
atomicwallet
coinomi
...
They all use partners that says some kind of "KYC can be requested and money can be bloqued". Like changelly or similar.


I tried Bisq,
looks really promising, If I understand it well, you have a new kind of wallet called Bisq that have trade features between other wallets. In order to trade I have to create an ETH account on Bisq, transfer ETH from my cold wallet to Bisq ETH account, trade for BTC on Bisq and then, transfer BTC from Bisq to my cold storage.

Now there is low volume on BTC/ETH and others, but sure this will come bigger if this really works and ETH/BTC goes closer or higher than 0.1
Seems amazing, any other have experience working on https://bisq.network/?
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November 16, 2020, 07:43:13 AM
 #19

You can get them in LocalBitcoins it's where numerous individuals are selling their crypto at a particular cost, simply be cautious in sending cash to ensure you've checked their standing first. At that point attempt decentralized trades they don't need KYC, generally, the most upheld ones are in the ETH Blockchain name; Uniswap and Kyber. However, the drawback to this is that the gas expenses will cost you.
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