Coinbase Pay Launches On Ledger Live To Simplify Crypto Purchases

Updated: 14 February 2024

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Coinbase Pay is launching on the Ledger hardware wallet, making it easier for users to buy digital assets and transfer them into self-custody.

The new feature ensures users can transfer their crypto asset holdings seamlessly and make transactions directly on desktop and mobile devices. Users can also receive crypto purchased from Coinbase directly into their Ledger wallets.

We’re excited to announce that @Coinbase Pay is now available as a buy provider through Ledger Live!

Use your Coinbase login to buy crypto, and have it immediately secured with your Ledger 🔐

Read more: https://t.co/aUGWkA78gI pic.twitter.com/dkYhnPEFic

— Ledger (@Ledger) February 13, 2024

The new feature will initially be available in Australia, Brazil, Canada, Europe, New Zealand, Singapore, UK and the US.

Coinbase And Ledger To Simplify Crypto Purchases

In a blog post, Ledger said the previous process of sending crypto from Coinbase to Ledger Live was “cumbersome” and left users “vulnerable to potential errors.”

Ledger users buying crypto through their Coinbase account will not be subject to any additional fee.

The launch of this feature ensures Ledger users with Coinbase accounts will have no longer have a need for off-platform transactions. The reduced risk of errors will also make transactions more secure.

The Chief Experience Officer at Ledger, Ian Rogers, noted that Coinbase and Ledger were among the veterans in the crypto industry. As such, they were committed to making crypto easy to use while promoting security.

“Ledger is proud to give this experience to Coinbase customers and option to Ledger users through this partnership,” he said.

Ledger also added that the collaboration comes at a critical time following the launch of spot Bitcoin ETFs in the US, bringing new investors to the crypto industry looking for an easy way to access offerings.