Binance has partnered with Ledger to make buying cryptocurrency easier and safer. Thus, Ledger keyholders will be able to buy their cryptocurrencies through Binance directly from the Ledger Live application. This feature marks the start of a long-term partnership that should unveil new opportunities.
Binance and Ledger hand in hand
Binancethe world’s largest cryptocurrency platform, partners with the French startup Ledger in order to simplify the experience of buying cryptocurrencies.
More specifically, holders of physical Ledger wallets like the Nano S or the Nano X will be able to buy their cryptocurrencies directly from their Ledger Live application thanks to Binance and without any additional intermediaries.
This functionality, already available in the “Discover” tab of Ledger Liveallows everyone to buy more than 80 different cryptocurrencies by paying with a bank card like Visa or Mastercard.
Preview of the Discover catalog in the Ledger Live app
Note that to buy cryptocurrencies via Binance from Ledger Live, it is necessary to have previously completed the identity verification process (KYC) on the cryptocurrency exchange.
Of course, as with any purchase made from the catalog available on Ledger Live, once the purchase of cryptocurrencies has been made, it is possible to keep them in a safe place on the wallet or to send them to another address.
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According to the press release, this is only the first stage of the partnership between the 2 entities. However, it should soon be possible to enjoy buying cryptocurrency via Binance on the mobile version of Ledger Live, and other payment methods should also be added to the app gradually.
This association between Binance and Ledger aims, according to the press release, to facilitate the buying experience of cryptocurrency holders while ensuring safe transactions. A goal confirmed by Jean-Francois RochetVice President of Transactions and Services at Ledger:
“Binance and Ledger are truly global leaders in digital assets, and it makes sense to partner together to provide our users with the benefits of buying Binance cryptocurrency within Ledger Live, providing the security of uncompromising world class from Ledger. »
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Source: Binance press release
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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