Crypto exchange Coinbase is adding support for the Ledger hardware wallet to its self custody browser app in a bid to provide users with additional security options.
Hardware wallets are devices built to store the private keys of crypto wallets offline, making digital assets less susceptible to theft and hacks compared with storing the data online.
Ledger is one of the biggest names in the hardware wallet industry with over 4 million users.
“We want to empower everyone to use DApps [decentralized applications] and access Web3, and that requires building the easiest-to-use and most accessible self-custody wallet in the ecosystem.
Today’s release solves another set of important user needs, including the ability to use a hardware wallet for enhanced security.”
The integration comes following the rollout of the full standalone functionality of the Coinbase Wallet extension in November, which enables users to explore decentralized apps (DApps), trade on decentralized exchanges and collect non-fungible tokens (NFTs) on their web browser without confirming transactions from their mobile phones.
The exchange says that it will roll out support for more hardware wallets for both the Coinbase Wallet extension and mobile apps in the future.
“Today’s launch is just the beginning – we will continue to build out support for more hardware wallets across all of our users’ devices.
We will soon also add support for users with multiple active wallet addresses on a single Ledger device to select which address they want to use with Coinbase Wallet.”Check Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Vit-Mar/Natalia Siiatovskaia