Coinbase and Ledger Expand Accessibility to Cryptocurrencies with New Partnership

Ledger, renowned for manufacturing crypto hardware wallets, has joined forces with cryptocurrency giant Coinbase, in a partnership that integrates Coinbase Pay with the Ledger Live app.

This initiative’s main objective is to enable the direct purchase of cryptocurrencies in Ledger’s hardware wallets, a significant advancement that aims to facilitate cryptocurrency transactions and transfers for users, both on desktops and mobile devices.

Before this integration, transferring cryptocurrencies from Coinbase to Ledger Live was not only a tedious process but also prone to errors. Now, with this new functionality, Ledger users can have their cryptocurrency purchases delivered directly from their Coinbase accounts, directly to their Ledger devices. The partnership allows the use of payment methods already familiar to users, including ACH, Visa, Mastercard and Maestro, making the purchasing process even easier.

We’re excited to announce that @Coinbase Pay is now available as a buy provider through Ledger Live!

Use your Coinbase login to buy crypto, and have it immediately secured with your Ledger 🔐

Read more: https://t.co/aUGWkA78gI pic.twitter.com/dkYhnPEFic

— Ledger (@Ledger) February 13, 2024

The purchase of cryptocurrencies through the Coinbase account takes place at the same costs charged on the Coinbase.com website, with the advantage that the withdrawal to the Ledger device takes place in just a few clicks, eliminating the need for additional identity verification processes for users who already have an account at Coinbase. This innovation also introduces the possibility of carrying out instant transactions, marking a turning point in accessibility and practicality for cryptocurrency users.

Lauren Dowling, head of product at Coinbase Developer Payment Services, also expressed excitement about the partnership, highlighting Coinbase’s commitment to expanding access to cryptocurrencies and contributing to a modernized financial system.

This strategic partnership is being rolled out in key markets around the world, including the US, UK, European Union, Brazil, New Zealand, Australia, Canada and Singapore, promising a new era of convenience and security for cryptocurrency enthusiasts.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.