Coinbase Self-Custody App Adds Support to Hardware Wallet With Over Four Million Users

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.

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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.”

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Featured Image: Shutterstock/Vit-Mar/Natalia Siiatovskaia

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