Hardware wallet maker Ledger and American crypto exchange Coinbase have joined forces to make private crypto management easier. The partnership will allow Ledger users to purchase cryptocurrencies without having to manually transfer them to hardware wallets.
Coinbase Pay integration with Ledger Live
Through the partnership, Ledger users will no longer be forced to leave Ledger Live, the interface through which Ledger customers can manage their cryptocurrencies, in the crypto purchasing process. Ledger announced Start a collaboration today.
Coinbase Pay makes its debut on Ledger Live. Coinbase Pay allows payment via an external platform Self-custody Wallet to log in with your Coinbase account and buy digital assets easily and instantly.
The new integration not only offers a new selection of payment methods – including ACH, Visa and Mastercard – but also ensures that the newly purchased crypto coins are stored directly on the hardware wallet.
Previously, Coinbase customers simply had to use the exchange to purchase cryptocurrencies and then send them to their respective Ledger wallet addresses.
Self-custody of cryptocurrencies is becoming increasingly attractive
There are some risks when sending cryptocurrencies from one address to another. For example, you could lose your money if you make a mistake when entering the receiving address. You also need to use the right blockchain.
Something can sometimes go wrong, especially for beginners, and they are often the ones who do not manage their coins themselves.
Thanks to the recent collaboration between Ledger and Coinbase, self-custody is now easier by eliminating the need to transfer cryptocurrencies to a Ledger hardware wallet.
You yourself private keysTo have the crucial information that allows access to your crypto, you do not have to rely on the security practices of third parties like crypto exchanges. It offers users the opportunity to have full control over their funds.