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Ledger Transaction costs: Understanding all the costs of a Ledger Wallet
Ledger and fresh: what you have to know from the outset
Ledger is recognized as a world leader in Ledger physical wallet to secure his cryptos . But before buying, sending or receiving cryptocurrencies with a Ledger device , it is useful to understand what are the costs that apply. The transaction costs on Ledger depend on the type of operation: transfer to the blockchain , purchase or sale via Ledger LIVE , staking Tokens conversion . Ledger does not take a margin from network fees purchase or sales operations via an intermediary can lead to higher costs. The costs are identical regardless of the Ledger model you have.
Table of contents
Transaction costs on Ledger : the essentials
Transfer, receive, deposit: network costs
When you make a transaction (sending, withdrawal, deposit) with your Ledger Wallet , you only pay the network costs imposed by the blockchain concerned. These costs are paid to minors or validators, not Ledger . They are variable, fixed by supply and demand on the network:
- On the Bitcoin network , the costs are expressed in Satoshis by byte; They vary according to the congestion of the network.
- On the Ethereum blockchain , the costs depend on the price of gas (Gas also depending on the congestion of the network) and the complexity of the transaction (the more a smart contract is complex, the higher transaction costs
- For USDT or ETH , the costs can fluctuate a few cents to several tens of euros depending on the activity of the network.
Ledger and the Ledger LIVE application always display the estimated amount of network fees before validation. You can see and sometimes choose the level of priority (and therefore the amount of costs): fast, standard or economical.
users can also choose to manually define the costs to optimize the cost of the transaction .
Does Ledger take a margin from the transaction costs?
No, Ledger does not take any commission on network costs during a conventional cryptocurrency transfer from or to the Ledger physical wallet . The amount paid exactly corresponds to what the blockchain . There are therefore no hidden fees on these operations: only minors or validators are remunerated.
Ledger deposit costs
Receiving cryptos on your Ledger wallet is always free on the Ledger Ledger . The costs come from the exchange platform or the shipping wallet, never from the Wallet Ledger itself. For example, if you transfer BTC or ETH from Binance Binance Coinbase Coinbase Ledger Ledger the original platform withdrawal costs , but Ledger adds nothing.
Buy cryptos via Ledger Live: what costs?
Buy and partners' function: CoifeFy, Moonpay, Mercuryo, etc.
Ledger LIVE offers a function buy cryptos directly from the interface, thanks to partners such as Coififey , Moonpay Moonpay Ramp, or Wyre. The cryptocurrencies are then delivered directly to your Ledger Wallet , which facilitates the task to secure its assets without going through an external exchange platform But this simplicity has a cost: purchasing costs are generally higher than on a conventional exchange .
- By bank card, the costs are approximately 4.5 % (source: Ledger , Coifife, Moonpay ).
- By separate transfer, the costs dropped to approximately 1.7 %.
- To this are sometimes added network fees for delivery on your wallet .
- SPREAD difference between purchase prices and market prices) can also increase the total cost.
You can consult the details of the costs before each transaction in Ledger Live . The costs of Ledger on the purchase are therefore made up of the partner's commissions, any network costs and the Spread.
Compare purchase costs on Ledger LIVE and other platforms
On Ledger Live, purchase costs amount to 4.5 % per bank card and 1.7 % per separate transfer. On Binance , they are approximately 1.8 % per card and often less than 0.1 % for a purchase via transfer and trading spot. Coinbase invoices 3.99 % per card, and offers free transfers, but with a generally higher Spread.
Ledger Live is therefore rarely the cheapest option to buy cryptos, even if it offers the safety of the Ledger physical wallet and the simplicity of a direct deposit. For European users who wish to buy their cryptocurrencies at a lower cost, we recommend in particular to buy your cryptocurrencies on Bitvavo then to secure them on Ledger. Bitvavo Offer:
- Very competitive costs (maximum 0.25 % and even 0.05 % max on USDC pairs of the Pro Platform).
- Over 350 cryptocurrencies available, which allows you to invest in many atltcOOS.
- An environment regulated and registered with European financial authorities.
- A simplified interface, adapted to beginners while having the opportunity to go to a pro platform.
- The possibility of making free deposits in euros by SEPA transfer.
- Excellent security with partial insurance on funds in the event of a problem.
Bitvavo is distinguished by its transparency on the costs, its free deposits by separate transfer, its very low commissions and its wide choice of cryptocurrencies, making it a particularly interesting option to buy cryptocurrencies in Europe.
Sell cryptos via Ledger Live: what costs?
The sale of cryptocurrencies via Ledger Live also involves partners. The costs payment method (SEPA, card). In general, they are comparable to those of the purchase : between 1.7 % and 4.5 %, to which are added network costs to send cryptos to the buyer.
Swap fees and tokens conversion to Ledger Live
Ledger Live allows you to convert one cryptocurrency into another (for example BTC to ETH or USDT ) thanks to providers like Changelly or Paraswap. Swap fees include :
- A partner's commission (often 0.25 % to 1 %, but sometimes more depending on liquidity and token).
- A variable spread according to the pair of chosen cryptos
- Network costs for each transaction on the blockchain .
It is advisable to consult the summary before validating, because the costs can be higher for swaps involving tokens or when the network congestion.
Staking on Ledger : what costs and how does it work?
Cryptocurrency staker via Ledger Live
Staking staking blocking assets to participate in the validation of transactions on a Proof of Stake blockchain and receive rewards. On Ledger Live , you can stake many cryptos like ethereum , polkadot , solana , tezos , Cosmos , etc.
What are the costs for staker?
- Ledger does not pay direct costs for staking .
- The costs are taken by the validators to whom you delegate your assets : generally between 4 % and 10 % of the awards according to the crypto .
- Minimal network fees apply transfer or withdrawal of staking (for example $ 0.04 on Solana ).
Ledger and Stooking fees : staking displays the estimated amount before validation. No hidden fees is applied by Ledger , but you must check the commission of the chosen validator.
Flexible Staking or locked staking : Fresh differences
- Flexible Staking cryptos at any time, only the network costs apply.
- Staking : your assets are blocked for a given period. The costs are similar, but the rewards are generally higher.
Ledger LIVE FOLD: Summary and good practices
- Sending or withdrawal of cryptos : only network costs apply, Ledger takes no room.
- Reception of cryptos : free Ledger , only the costs of the shipping exchange platform
- Purchase/sale via Ledger LIVE : 1.7 % to 4.5 % depending on the partner and the payment , more SPREAD and network fees . For example for a purchase of 150 euros:
- SWAP/Conversion : between 0.25 % and 1 % commission, more spread and network fees .
- Staking : Validator Commission (4 % to 10 % of the awards), no Ledger , minimal network fees
How to display and optimize costs on Ledger LIVE?
Before validating a transaction on Ledger LIVE, you can see the details of the different costs applied, whether it is a shipment, a swap or a purchase of cryptos. For each operation, network fees are displayed and it is possible to choose the level of priority: high priority makes it possible to speed up the transaction, which may be useful if the network is congestioned or if your transaction may be blocked in the queue, but this is accompanied by higher costs. Conversely, selecting a low priority provides very low frias, even if confirmation will take more time.
On the Ethereumnetwork, for example, Ledger Live allows you to adjust the amount of the Gas for each transaction: the higher the Gas, the higher the transaction, but the costs will be higher. More advanced users can also choose to manually define costs to optimize their costs, especially during a strong congestion of the Bitcoin network or Ethereumblockchain. This personalization is particularly useful to avoid paying high costs during activity peaks or to ensure that the transaction does not remain blocked in the queue.
Finally, it is recommended to regularly consult the state of the network and to use the advanced Ledger LIVE options to choose the best strategy according to the context: priority to speed, economy or consolidation of your assets. So you can buy, send or receive cryptos while keeping control over the costs and speed of your transactions.
Ledger and costs: what to remember
- Ledger does not take a margin from transaction costs : only network costs apply for a transfer or withdrawal.
- To buy or sell via Ledger LIVE , the costs are fixed by partners (COIFY, Moonpay , etc.), often higher than on a exchange platform .
- Staking staking Ledger is subject to the validators' commissions, without Ledger Ledger Ledger
- The costs are always displayed before validation, which makes it possible to secure his cryptos safely and knowingly.
Questions on Ledger Transaction costs
What are the costs to send Bitcoin orethereum from Ledger ?
The costs are those of the Bitcoin network or the ethereum blockchain , variable according to congestion. Ledger takes no commission.
Does Ledger invoice costs to receive cryptos?
No, receiving cryptos on a Ledger portfolio is still free.
Are the costs fixed or variable?
Network costs are variable, determined by blockchain and congestion at the time of the transaction . The costs of purchase or sale via Ledger LIVE are fixed by the chosen partner.
Can we buy cheaper cryptos elsewhere?
Yes, an exchange platform like Bitvavo often offers lower costs purchase or sale. But you will then have to transfer to your Ledger wallet .
Where to consult the details of the costs?
You can see all costs in the summary of each transaction on Ledger LIVE or in the documentation of the Ledger .
Conclusion: Ledger Transaction, Transparency and Security costs
Ledger Ledger Live application offer total transparency on transactions related costs : only network costs purchasing , sale or staking operations go through intermediaries who fix their own tariff grid. To secure your cryptos while mastering costs, it is recommended that you always consult the details of the costs before each operation and compare with an exchange platform To find out more about the costs and management of your Ledger Wallet , the Frequently Official Support Questions is regularly updated.
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
