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Coinbase Adds Support for Ledger Hardware Wallets

Godfrey Benjamin   Feb 23, 2022 05:45 2 Min Read


   

Coinbase Global Inc, the biggest exchange in the United States, has confirmed that its Wallet browser extension is now available for the Ledger Hardware Wallets, a move that was initiated to bring an added layer of security to its users.

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As the announcement published in a blog post by Adam Zadikoff, Senior Product Manager at Coinbase Global, the integration will provide “an additional layer of security and greater peace of mind” to all of its customers.

“Today, we are adding support for Ledger hardware wallets in the Coinbase Wallet browser extension, introducing an additional security option for our users,” he introduced the detail by adding that “Hardware wallets are physical devices that store the private keys to your crypto wallet offline. Because every transaction on the blockchain requires both a user’s public and private keys, a hardware wallet ensures that only the user who holds the physical device can complete a transaction.”

Since the launch of the Coinbase Wallet, both through the mobile app and its browser extension, the trading platform has played a pivotal role in helping its users to connect to the growing hoard of DApps and earn interest from a variety of Web3.0 protocols. The wallet is allegedly easy to use. According to Adam:

“Whether you are a first-time hardware wallet user or already have a Ledger it is easy to use Coinbase Wallet to connect to the ever-growing world of NFTs, dapps, and DeFi. All you need to do is download the Coinbase Wallet browser extension, connect your Ledger to your computer, and follow the on-screen instructions.”

While there are numerous hardware wallets in the market today, Ledger is one of the most prominent with over 4 million users. Through the launch, both Coinbase and Ledger have debuted a limited edition of the Nano X Coinbase Edition which users can use to gain more personalized self-storage services.

According to Adam, a host of related integrations of hardware wallets will be initiated in the coming future.


Image source: Suhtterstock

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