Binance announced on Wednesday that it has formed a partnership with Ledger, one of the leading hardware wallet manufacturers.
Ledger is known for its widely used Ledger Nano S hardware wallet.
This strategic collaboration enables Binance users to use Ledger Live to securely purchase and receive cryptocurrencies directly into their Ledger wallet accounts. Users no longer need to jump between multiple apps to buy and then manually transfer funds.
Ledger acknowledged the partnership in a tweet, stating:
“Use your #Binance account within Ledger Live to buy crypto securely, and receive it directly in your Ledger account – no switching between apps or manually transferring funds required.”
Jean-Francois Rochet, Ledger’s VP of Transactions and Services, commented:
“Binance and Ledger are truly global leaders in the digital asset space, and it only makes sense to combine to provide our users with the benefits of buying crypto from Binance within Ledger Live, offering Ledger’s uncompromising world-class security.”
Buy crypto directly with bank cards
Under the partnership, Binance verified users will be able to purchase cryptocurrencies through Ledger using bank cards. Ledger users who do not yet have a Binance account can create one directly from the Ledger Live app.
Binance said in a blog post:
“The first step of this new partnership is now in place, with Binance available in the desktop version of Ledger Live, the Ledger companion app, available in 10 languages. Users can now purchase more than 80 different cryptocurrencies via the Discover section of the Ledger Live desktop app using their bank cards, including Visa and Mastercard. The whole process takes just a few clicks.”
This integration is part of Binance’s broader initiative to support Web3 growth and development by making crypto buying and custody more seamless and secure for users worldwide.