diff --git a/CHANGELOG.md b/CHANGELOG.md
index a70149d7..272bde44 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.5.0] - 2021-04-17
+
 ### Changed
 
 - The quote protocol returns JSON encoded data instead of CBOR.
@@ -61,5 +63,6 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Fixed an issue where Alice would not verify if Bob's Bitcoin lock transaction is semantically correct, i.e. pays the agreed upon amount to an output owned by both of them.
   Fixing this required a **breaking change** on the network layer and hence old versions are not compatible with this version.
 
-[Unreleased]: https://github.com/comit-network/xmr-btc-swap/compare/0.4.0...HEAD
+[Unreleased]: https://github.com/comit-network/xmr-btc-swap/compare/0.5.0...HEAD
+[0.5.0]: https://github.com/comit-network/xmr-btc-swap/compare/0.4.0...0.5.0
 [0.4.0]: https://github.com/comit-network/xmr-btc-swap/compare/v0.3...0.4.0
diff --git a/Cargo.lock b/Cargo.lock
index f4e41743..d49073ba 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3639,7 +3639,7 @@ checksum = "1e81da0851ada1f3e9d4312c704aa4f8806f0f9d69faaf8df2f3464b4a9437c2"
 
 [[package]]
 name = "swap"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "async-compression",
diff --git a/swap/Cargo.toml b/swap/Cargo.toml
index e1472217..a62a9058 100644
--- a/swap/Cargo.toml
+++ b/swap/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "swap"
-version = "0.4.0"
+version = "0.5.0"
 authors = ["The COMIT guys <hello@comit.network>"]
 edition = "2018"
 description = "XMR/BTC trustless atomic swaps."