The Partnership Between Binance And Ledger Will Simplify Crypto Buying

Binance and Ledger are both leaders in the crypto market. By announcing that it would be possible to buy crypto from Binance through the hard wallet Ledger, both companies want to make an impact. The goal is to make crypto buying more accessible for many.

More than 80 crypto-currencies will be available from the Ledger Live App, and users will not have to transfer funds from the Binance account to the Ledger. Why does it matter? It is a gain of time and money for the user. For Binance and Ledger, it is the beginning of a partnership that is welcome in the web3 world today.

Start to trade with Binance via your Ledger

Despite a challenging year, crypto-currencies are still on the rise. They are used for many things, including buying NFTs and sports betting. They can also be used as means of payment for sites. It’s use as an online payment method follows the a general increased adoption of alternative payment methods. Leading brands like https://betfirst.dhnet.be/en/  have long accepted PayPal, Neteller, and Skrill, for instance.

The main actors in the crypto market are seeking solutions to stay ahead of the game. Binance is the most famous crypto exchange in the world. Ledger, a French company, has developed hardware solutions to secure your digital assets. It was only a matter of time before those two entities united their force to offer a hassle-free solution to buy crypto.

Before the announcement, you could buy crypto-currencies using your Ledger devices, but the process needed to be simplified and more relaxed. You could not do it while using your phone, requiring a computer and a Wi-Fi connection. With the Binance and Ledger partnership, you can now buy crypto from Binance by using the mobile. It is undoubtedly a time gain and allows users to avoid transaction fees.

Simplifying Crypto and Developing Security

The good thing about this upgrade is that you don’t need to own a Binance account anymore because you’ll be prompted to create one while using Ledger. Simplifying crypto buying is a crucial component for actors like Binance, constantly reaching new targets and wanting to stay afloat despite a global crypto crisis.

Indeed, the general public hears a lot about hacking and horror stories about people losing their crypto funds on some decentralised exchanges such as a Celsius Network. By announcing a partnership with Ledger, the crypto behemoth ensures that security is still the main concern for all its users.

Why is it so important to store your crypto on hardware wallets

According to Pascal Gauthier, a representative from Ledger, it is quite logical that there is a lot of crypto stealing because that is precisely where the money is. Nowadays, it is hazardous to buy some bitcoin and let it stay on some exchange, such as Binance. Storing money in some hardware wallets like Ledger devices is the best solution to keep it safe from hackers and other major incidents.

This French company is still experiencing significant growth as more and more users are trying to find the best way to store their crypto, but their ambitions don’t end here. In a few years, they will be able to develop dematerialised crypto wallets, and pretty much everybody will get one at some point.