The collaboration will allow users to receive their purchased crypto directly to their Ledger devices.
Hardware wallet provider Ledger and crypto exchange Coinbase have announced a collaboration to streamline crypto purchases and create an easier way to transfer assets from an exchange into self-custody.
In an announcement sent to Cointelegraph, the Ledger team highlighted that Coinbase’s on-ramp solution, Coinbase Pay, will be integrated into the Ledger Live application. This allows users to transfer their existing crypto asset holdings and transact directly from their desktop or mobile devices. This also means users can receive their crypto purchases directly on their Ledger devices.
The team described the previous process of transferring crypto from an exchange and into self-custody as “a cumbersome process that left users vulnerable to potential errors.” In a statement, Ian Rogers, chief experience officer at Ledger, told Cointelegraph that before the collaboration, buying crypto and transferring it to a self-custody wallet was “a tedious process.”
