Coinbase, the world leading cryptocurrency exchange, today announces support for Ledger hardware wallets in its Wallet extension. The move provides an added layer of security to users of the service and further reinforce the self-custody experience for Coinbase customers.
Ledger is an industry leader in hardware wallets, providing state-of-the-art security to more than four million customers who rely on the provider to keep their crypto assets secure.
Key features include:
- Coinbase Wallet acts as a passport to collecting NFTs, participating in DeFi, joining a DAO, and much more
- As customers spend more and more time on the blockchain, asset security is as important as ever
- There are several ways customers can ensure the security of their assets whilst exploring web3
- It starts with your recovery phrase (n.b. Coinbase will never ask you for your recovery phase)
- Then backing it up to a secure location and making sure you never share it with anyone
- Coinbase Wallet offers additional layers of security, using biometrics and a PIN to secure your wallet
- All you need to do is download the Coinbase Wallet browser extension, connect your Ledger to your computer, and follow the on-screen instructions
- To celebrate launch, Coinbase have partnered with Ledger to release the Nano X Coinbase Edition, which is available for a limited time in Ledger’s online store
- Going forward, Coinbase will continue to build out support for more hardware wallets across all of its users’ devices
See the full blog post here.
A Coinbase Spokesperson adds: “Our mission is to empower our customers to utilise dapps and access web3 in the easiest and safest way possible. Today’s release adds a supplementary layer of protection, enhancing Coinbase Wallet and therefore our customer’s experience. We maintain ambitious plans to deliver additional hardware wallet improvements, not only in Coinbase Wallet but within our mobile apps as well”.
Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, we offer a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Coinbase is listed on Nasdaq under the ticker symbol COIN.