In a move that bridges the gap between hardware wallets and cryptocurrency exchanges, Ledger has announced its integration with Coinbase. This partnership allows Ledger users to leverage Coinbase Pay for buying digital assets directly into their hardware wallets via the Ledger Live app.
The collaboration, highlighted in a press release, aims to simplify the process for users to transfer their crypto purchases from Coinbase to their Ledger wallets without incurring additional fees.
This integration is seen as a significant step for those who champion the ethos of self-custody in the crypto world. The ability to directly transfer assets to a hardware wallet without extra steps or costs underscores the ongoing relevance of centralized exchanges in a space that often encourages users to hold their own keys.
“Both Ledger and Coinbase are focused on making crypto easy-to-use and keeping consumers secure. Now Coinbase users can easily buy crypto right within Ledger Live, and Ledger users can easily buy with Coinbase. Ledger is proud to give this experience to Coinbase customers and option to Ledger users through this partnership,” said Ian Rogers, Chief Experience Officer at Ledger.
“At Coinbase, we’ve focused on building the most trusted, scaled, and reliable onramps and infrastructure for onchain builders that expand access to crypto and help drive an updated financial system. We’re delighted to collaborate with Ledger to allow users to more seamlessly purchase crypto with Coinbase Pay straight into their self-custody solution.” added Lauren Dowling, Head of Product, Coinbase Developer Payment Services.
Ian Rogers noted that this isn’t Ledger’s first rodeo partnering with crypto marketplaces or exchanges. The company has previously integrated services such as Moonpay, Ramp, and Trasank. However, the partnership with Coinbase is likely to stand out due to the exchange’s massive user base and influence in the cryptocurrency sector.
Rogers also shared some eye-opening statistics, pointing out the disparity between internet and social media users, crypto owners, and those who employ secure self-custody solutions. With over 5.3 billion internet users and 500 million crypto owners, the number of individuals using secure self-custody stands at roughly 10 million.
