{"id":8652,"date":"2022-02-22T18:36:59","date_gmt":"2022-02-22T18:36:59","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-wallet-extends-support-to-ledger-hardware-wallet\/"},"modified":"2022-02-22T18:37:01","modified_gmt":"2022-02-22T18:37:01","slug":"coinbase-wallet-extends-support-to-ledger-hardware-wallet","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-wallet-extends-support-to-ledger-hardware-wallet\/","title":{"rendered":"Coinbase Wallet extends support to Ledger hardware wallet"},"content":{"rendered":"
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Coinbase Wallet, an in-house wallet service offered by prominent crypto exchange Coinbase, has rolled out browser extension support for Ledger hardware wallets.<\/p>\n
The Coinbase Wallet extension, available in the Chrome Web Store, is a noncustodial wallet that allows users to store and transact cryptocurrencies and nonfungible tokens (NFT). By adding support for Ledger, Coinbase users can opt to use a physical Ledger device to store the private keys to their wallets offline.<\/p>\n
Coinbase senior product manager Adam Zadikoff highlighted the development as being a means to providing an additional layer of security and greater peace of mind for users. He said:<\/p>\n
\u201cWe want to empower everyone to use DApps and access Web3, and that requires building the easiest-to-use and most accessible self-custody wallet in the ecosystem. Today\u2019s release solves [..] the ability to use a hardware wallet for enhanced security.\u201d<\/p><\/blockquote>\n
As a part of the launch, Coinbase has partnered with Ledger to release a limited-edition Coinbase-branded Nano X hardware wallet on Ledger\u2019s official website. <\/p>\n
As Cointelegraph previously reported, Coinbase reportedly stores about 12% of all crypto across more than 150 asset types, with the company\u2019s chief financial officer, Alesia Haas, stating at the time:<\/p>\n
\u201cNearly 50% of our transacting customers are doing something other than buying and selling crypto, which indicates to us that crypto is moving beyond its initial investment phase into the long-expected utility phase.\u201d<\/p><\/blockquote>\n
Related: <\/strong>Hodlers beware! New malware targets MetaMask and 40 other crypto wallets<\/em><\/strong><\/p>\n
Cointelegraph recently highlighted the rising vulnerabilities for crypto wallets built as browser extensions \u2014 such as MetaMask, Binance Chain Wallet and Coinbase Wallet \u2014 owing to the launch of a new malware called Mars Stealer.<\/p>\n
The malware targets over 40 browser-based crypto wallets by exploiting two-factor authenticators via a grabber function that steals users\u2019 private keys. According to security researcher 3xp0rt, the new malware is a powerful upgrade to the information-stealing Oski trojan. <\/p>\n
The researcher also noted that the malware can target all Chromium-based browsers, including Google Chrome, Microsoft Edge and Brave.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Coinbase Wallet, an in-house wallet service offered by prominent crypto exchange Coinbase, has rolled out browser extension support for Ledger hardware wallets. The Coinbase Wallet extension, available in the Chrome Web Store, is a noncustodial wallet that allows users to store and transact cryptocurrencies and nonfungible tokens (NFT). By adding support for Ledger, Coinbase users […]<\/p>\n","protected":false},"author":1,"featured_media":8653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-8652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"\n
Coinbase Wallet extends support to Ledger hardware wallet | NFT & Crypto News<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\t\n\t\n\t\n