By
Steve Muchoki
April 25th, 2024
The integration enables users to retain their preferred payment methods in Coinbase, including ACH, Visa, Mastercard, and Maestro.
Crypto hardware wallet maker Ledger has announced an integration with Coinbase. This move will allow Ledger users to make crypto purchases using Coinbase Pay as an onramp. The new feature is aimed at providing a seamless, safe, and convenient experience for users.
According to the press release, the integration of Coinbase Pay into the Ledger Live app allows Ledger wallet owners to receive digital assets purchased from Coinbase directly on their Ledger hardware wallet without any additional fees. Previously, users were subjected to a “cumbersome process” that left them vulnerable to potential errors.
“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,” said Lauren Dowling, Head of Product, Coinbase Developer Payment Services.
Ledger’s Chief Experience Officer Ian Rogers expressed similar sentiments, noting that this integration will help streamline crypto purchases for Ledger users without compromising on the safety of their assets.
“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,” he said.
For Ledger users, the process eliminates the need for off-platform transactions, making buying crypto more convenient. It also provides an added layer of security as it lessens the likelihood of errors associated with fund withdrawal and wallet address copy-pasting. In addition, wallet users who already use Coinbase get to forgo additional Know-Your-Customer (KYC) procedures, making for faster transactions.
In an interview with CoinDesk, Rogers pointed out that this is not the wallet manufacturer’s first integration with a crypto marketplace or exchange, adding that Ledger has integrations with Moonpay, Ramp, and Trasank.
The integration enables users to retain their preferred payment methods in Coinbase, including ACH, Visa, Mastercard, and Maestro. As of this writing, the on-ramp feature is available in the US, UK, EU, Brazil, New Zealand, Australia, Canada, and Singapore.
Ledger, founded in 2014 in Paris, has sold over 6 million devices to users across 200 countries and is available in more than 10 languages. The wallet manufacturer currently services over 100 financial institutions and brands and is responsible for the safeguarding of about 20% of the world’s crypto assets.