Ich verwende die Funktion „Swap“ in Ledger. Ich möchte mein eth in usdc konvertieren

Any risks associated with using the ’swap‘ function on ledger?

Do not do that! Use an exchange! You could loose it all using a third party to convert.

The spread on that swap is probably horrible. Stop being lazy and use a dex aggregator…

Don’t use swap on Ledger Live, rather use a DEX like Uniswap or Pancakeswap. The swaps on Ledger Live usually go through Changelly who are notorious for blocking transactions, and then you lose your money.

u take on the risks of using a 3rd party swapping partner in some cases. in others like using paraswap or 1inch, ur taking on the counterparty risk of a smart contract. it’s important to do research on these things prior to transacting : )

some swapping partners require KYC as well so be aware

> If so what are the fees?

Pay less attention to the fees. Pay more attention to the exchange rate. It’s quite possible that they just give you a poor exchange rate, instead of levying fees.

The exchange rate is kinda bad. I just checked LL swap and was quoted 1185 USDC for 1 ETH.

Went to Uniswap and was quoted 1223 USDC.

You can connect Ledger to Uniswap with Metamask and swap directly without transferring funds to different wallets.

PLEASE DONT…. You might lose everything

I am using swapzone.io

Better say,

https://fixedfloat.com

You can thank me later

I’ve done this a couple of times with no problems. I swapped Eth for USDT on Ledger Live and then swapped it back to Eth. The exchange rate was excessive. You might be better off sending it to a CEX 1st. As always, do a practice TX first with a smaller amount in case something does go wrong. Good luck.

Yea don’t do that, stick with a dex

If I were you, I wouldn’t rush to convert to USDC. The choice of this stablecoin does not seem so good already.