Binance partners with Ledger as part of their project focused on enhancing Web 3 growth and development.
As a part of its mission of making cryptocurrency accessible to all, it has partnered with Ledger. The partnership benefits users from both sides. Ledger users can now access over 80 cryptocurrencies through the Discover section of Ledger Live.
Binance, on the other hand, will be able to boost the adoption of digital tokens through fiat currencies. Users with a verified Binance account can only avail of the benefits. Others will first have to create a Binance account. However, it will be done on Ledger Live with only a few clicks. Once digital tokens are bought, they will directly appear in the wallet address shared by the users.
Binance is already available in the desktop version of Ledger Live in 10 different languages. However, this adds a lot of stars to Binance reviews, which have already been doing well for many years.
Advertisement
The collaboration between Binance and Ledger boosts the overall infrastructure of Web3. More users are now empowered to buy cryptocurrency seamlessly using their fiat currency. Moreover, this partnership will give Ledger Live users a low transaction fee. Calling Binance and Ledger global leaders in the digital asset space, Jean-Francois Rochet said it only made sense for them to combine their resources to benefit the community. Rochet, the Vice President of Transactions & Services at Ledger, assured that the venture would continue to deliver its uncompromising world-class security.
With the first step completed, Binance and Ledger are now eyeing to add support to the mobile version of Ledger while integrating more payment methods. Ledger, established in 2014, has quickly made a name for itself by producing some of the best wallets for cryptocurrency. Ledger is preferred by users who want to secure their funds by deploying specialist hardware instead of normal software.
The Discover section on Ledger Live helps users to buy cryptocurrencies. Now that it has partnered with Binance, users can easily buy cryptocurrencies with their fiat currencies.
Binance, founded in 2017, is run by its native token, BNB. More than a hundred cryptocurrencies are listed on Binance with an option of 100+ trading pairs. Similar to Ledger Live, Binance offers its mobile application to users who want to track their accounts instantly on a go-to device. What makes it the best in the crypto sphere is offering a Basic Trading Account and an Advanced Trading Account.
Advertisement
The playing field is the same for everyone, with a cushion for new traders who can start their journey by enrolling in a Basic Trading Account. However, the account can be upgraded after they acquire hold over their trading techniques and platform tools. Binance and Ledger have ensured that cryptocurrencies continue to boom no matter the scenario. The current partnership between the two only adds fuel to their hard work.
