Ledger partners with Transak, enabling users to convert crypto to fiat securely within Ledger Live, preserving self-custody - IcoHolder.

Ledger users can now seamlessly convert their cryptocurrency holdings into fiat currency without leaving the secure environment of their hardware wallets, thanks to a new partnership with Web3 payments provider Transak. The integration expands Ledger’s services, offering users the ability to off-ramp Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and other digital assets directly within the Ledger Live app on both desktop and mobile platforms.

This update marks a significant enhancement to the app’s “Sell” section, which previously relied on third-party providers. Through the new integration, users in over 100 countries can convert their crypto assets into local fiat currencies using methods like bank transfers. Unlike traditional centralized exchanges, this system preserves the self-custody model Ledger is known for, enabling users to retain control over their assets until a transaction is initiated.

The integration, designed to provide a seamless experience for Ledger users, allows them to conduct off-ramping activities securely within their trusted environment. All transactions are processed through Transak’s regulated banking partners, with additional protections in place, including ISO 27001 certification and SOC 2 Type II compliance.

Sami Start, CEO of Transak, emphasized the importance of self-custody, stating that the new off-ramp offers "real freedom" by enabling users to convert their crypto into fiat without compromising control over their assets. Ledger’s VP of Consumer Services, Jean-François Rochet, echoed this sentiment, noting that the collaboration enhances user control and access to integrated services while maintaining robust security.

Chandrasekar Kuppusamy, Director of Developer Relations at Transak, explained that the integration eliminates the need for users to leave their secure Ledger environment to convert their assets, providing an optimized end-to-end solution. Unlike alternatives such as centralized exchanges or other off-ramp services, the Ledger Live and Transak integration stands out by offering full custody to users during the transaction process, making it a safer and more controlled method for converting crypto.

The new off-ramp also offers competitive fees, often lower than those charged by exchanges, and provides transparency with real-time quotes. As demand for crypto-to-fiat services grows globally, Transak has made significant infrastructure upgrades to scale its operations and ensure reliable service across various regions, despite varying regulatory environments. This allows users to continue converting their crypto assets into fiat, even as regulations evolve in different countries.

Looking ahead, Transak is focused on further scaling its infrastructure and exploring new partnerships to continue offering seamless and secure Web3 payment solutions, enhancing the broader cryptocurrency experience for users worldwide.