Previously, Ledger Nano S users could only connect to the Binance Chain testnet. Now, both Ledger Nano S and Ledger Nano X are fully compatible with the Binance Chain mainnet, enabling seamless BNB (Binance Coin) transactions for crypto asset trading.
Why Choose Binance’s Decentralized Exchange (DEX)?
Decentralized exchanges address a critical flaw in centralized platforms: you don’t control your private keys. As the adage goes, "Not your keys, not your crypto." Centralized exchanges act as third-party custodians, holding your keys and managing your assets.
With Binance DEX, you can securely access your BNB wallet by connecting the Ledger Nano S or Ledger Nano X via the Binance Chain app. Your private keys remain offline, stored exclusively in the hardware wallet—enhancing security by limiting access.
👉 Explore Ledger Nano X’s advanced security features
Eric Larchevêque, CEO of Ledger, stated:
"Binance’s decentralized exchange is live, and we’re proud to offer Ledger’s security infrastructure. Traders can now execute transactions on Binance DEX while benefiting from Nano S’s unparalleled protection."
How to Access Binance DEX via Ledger Devices
Follow these steps to start trading:
- Visit Binance DEX Unlock Page.
- Select "Unlock Your Wallet" > "Ledger Device."
Open the Binance Chain app on your Ledger device (install via Ledger Live if needed).
- Note: Ledger Nano X currently requires a USB connection.
- Choose your preferred wallet address for Binance DEX.
Once connected, trade crypto pairs using BNB. For example, swap BNB for BTC.B (a Bitcoin-pegged token).
Implications of Binance Chain for BNB Holders
Binance Chain migrates ERC20-based BNB tokens to its native BEP2 standard. The swap involves withdrawing ERC20 BNB from your Binance.com account. For details, refer to the official guide.
Ledger continues supporting ERC20 BNB via its Ethereum app during the transition.
Security Responsibilities on Binance DEX
Decentralization means you alone control your assets—and bear full responsibility. Neither Binance nor Ledger can recover lost keys or funds. Always:
- Double-check transactions.
- Avoid phishing attempts.
- Store backup phrases securely.
👉 Learn more about securing assets with Ledger
FAQ
1. Can I use Ledger Nano X wirelessly with Binance DEX?
Currently, USB connection is required for Nano X.
2. Is ERC20 BNB still supported after the migration?
Yes, until Binance phases out the swap process.
3. How do I install the Binance Chain app on Ledger?
Use Ledger Live to download the app.
4. What’s the advantage of BEP2 BNB over ERC20?
Faster transactions and lower fees on Binance Chain.
5. Can I trade non-BNB pairs on Binance DEX?
Yes, via BNB-denominated pairs (e.g., BTC.B/BNB).
Final Notes
Binance DEX + Ledger offers a secure, self-custody trading experience. For step-by-step setup, check the official documentation.
Disclaimer: Crypto trading involves risk. Conduct due diligence before transacting.
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