Ledger hardware wallets are now supported on Coinbase Wallet
Ledger hardware wallets are now supported on Coinbase Wallet
- The market launch also includes Co-Branding Wallets of the Nano X Coinbase Edition, which are available for a limited period of time
- The partnership is part of Ledgers to develop into a software -oriented company
crypto exchanges have strengthened their security efforts against impending losses, and Coinbase, the largest crypto exchange in the United States, is the latest name that takes measures in this regard. The crypto tour Yesterday that it added support for the Ledger Hardware Wallets to its browser extension Coinbase Wallet.
Coinbase and Ledger have insisted to improve security because users can benefit from an additional protection level. Hardware wallets such as LEDGER enable self-storage because it is cold crypto wallets that save private keys of users.
These wallets can only be accessed offline, and they offer a high degree of authentication because they require physical interaction to verify transactions. They differ from the hot crypto wallets that offer most centralized stock exchanges that are susceptible to safety hacks because they are available online.
"We want to enable everyone to use DAPPS and access them on Web3, and this requires the construction of the easiest to use and accessible self-negotiation pocket in the ecosystem. Today's version solves another number of important user requirements, including the possibility of using a hardware wallet for improved security." said Adam Zadikoff, Senior Product Manager at Coinbase.
With the introduction, Ledger confirmed that it also worked with Coinbase to bring out a co-branding nano x coinbase edition of the hardware wallet, which is available for a limited period of time.
Coinbase wants to go even further
Coinbase has observed that more and more users are using crypto-assets on the stock exchange. In December, a manager of the stock exchange, Alesia Haas, the United States House Committee on Financial Services announced that about 50 % of all customers on the stock exchange move away from the pure purchase and sale of crypto - a shift from the investment phase to use.
However,Coinbase has to find ways to improve user security with this growth and has undertaken to support more hardware wallets in the future. It is also planned to include hardware integrations for your mobile apps.
" for everyone who deals with NFTS or Defi, hardware wallets are a gold standard to safely store their assets ", Sid Coelho-Prabhu, Director of Product Management at Coinbase told decrypting .
ledgers ambition
Ledger announced his partnership with Coinbase for the first time last December when the crypto hardware manufacturer worked with the latter for a crypto debit card with co-branding, which was advertised as an entry point for new users to the world of crypto.
The wallet enabled users to output their crypto directly or to secure them in order to complete purchases. The collaboration was part of a greater endeavor to Ledger to develop from a hardware-oriented company to a crypto unit, which is mainly built around his Ledger live software application.
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Source: Coinlist.me
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