The most famous hardware wallet company, Ledger, has announced that Ledger Nano S will support Binance’s newborn blockchain and its decentralised exchange (DEX).
Previously the Ledger Nano S was able to connect with the Binance Chain testnet, while now it is possible to use the device to trade and use the BNB digital assets directly on the mainnet.
In fact, this hardware wallet, the first and only – at least for the moment – compatible with this blockchain, allows interfacing with the new BNB token.
The entire swap and support procedure for Binance DEX has been explained on a recently created dedicated page on the Binance website. To use Ledger Nano S you will need to download the Binance Chain app through ledger live.
Binance DEX, now live
Today, the CEO Changpeng Zhao announced the launch of the decentralised exchange DEX and the opening of the Binance Chain Mainnet.
As users convert the old ERC20 tokens for the new native BEP2 tokens, more BEP2 coins will be released and proportional amounts of ERC20 will be burned to keep the total supply constant on both networks.
If everything works as expected, users will be able to provide their new Binance Chain address to receive the new BNB tokens, with a mechanism for converting the old ERC20s into BEP2 tokens.