Two giants in the crypto space have decided to team up: hardware wallet maker Ledger and crypto trading platform FTX are now working together to bring the best of both worlds. for their users. But what does it mean for the average investor to use one or both services? Read on, as in this article we’ll cover everything this partnership includes and what it has to offer.
Ledger and FTX Integration: Buy Cryptocurrency from Your Wallet
There is much to be said about the security system provided by Ledger, one of the leading companies in the field. So it’s no surprise that a relatively recent feature called Ledger Live has resonated in their community: an app that manages everything on Web 3 for you – from assets to money. electronic to non-fungible token (NFT) – combined with the security of a paired Ledger hardware wallet is an offer that’s pretty hard to beat. The app allows you to do many amazing things that you would otherwise need another service: you can track prices, learn more about cryptocurrencies, directly buy some assets for fiat (if available at your country of residence), swap assets between each other, earn various rewards, manage a large number of tokens, and access essential decentralized financial (DeFi) services .
Now, all of these services have been extended thanks to a partnership with FTX, another leader in their own space – cryptocurrency trading. The trading platform is not only available worldwide but also provides access to swaps of over 120 crypto assets (exact numbers may vary depending on your location) with over 7,000 pair combinations! This number is significantly lower if you live in the US, so be sure to check your restrictions. Plus, with recognizable low fees, it’s never been easier to keep your recently swapped assets safe. Instead of having to manually transfer them to your device, they’ll be there automatically and you won’t let anything happen.
What is the purpose of this integration?
While security is often talked about in the crypto space, the number of hacks and thefts proves that it is still a sore point for many. While blockchain has some pretty solid foundations in principle to ensure it is secure by design, the destructive potential of human error should not be underestimated. This is exactly what Ledger has realized and is working to mitigate: with additional layers of security built into the way users not only store but also trade assets and build their portfolios. , the fight against malicious actors becomes significantly easier for the average user. In other words, you don’t have to be tech-savvy to do what’s best for your stock.
The general purpose of security is not only to keep your assets safe – although this is a major part of it – but also to keep the more invisible. For example, you may want to protect your privacy, along with your identity; this, like everything else, is best achieved if you don’t have to go through some extra steps yourself. Ledger has a number of different security options built in, so all you have to do is perform your usual level of due diligence.
Interested in signing up for either service? Follow this link for Ledger and this link for FTX.