Cointime

Download App
iOS & Android

Earning Bitcoin Through Self-Custody of Digital Assets With Ledger

Validated Individual Expert

As the world of cryptocurrency continues to grow, so does the need for security and ease of use. Fortunately, there are technologies now that are created for a range of products and services that allow you to self-custody your digital assets while providing the best possible experience.

The fundamental purpose of blockchain is to provide users with control over their digital assets without relying on intermediaries like banks or trading platforms. However, self-custody comes with great responsibility, particularly when it comes to managing private keys for blockchain addresses.

While software crypto wallets can store and manage sensitive data, they are always connected to the internet, making them vulnerable to hacks. For top-tier security, it is necessary to store private keys completely offline, and this is where hardware wallets come in.

One of the most reliable hardware devices anyone can use for their digital assets is Ledger’s Ledger Nano. It provides secure ownership of assets by securing private keys offline, eliminating the need to trust third-party platforms like exchanges or vulnerable software wallets. Along with the hardware wallet, the Ledger Live app provides an end-to-end experience that allows you to buy and swap crypto, stake digital assets, and engage with NFTs through a secure gateway while securing your private keys completely offline.

To encourage more people to embrace secure self-custody, Ledger has a referral program that rewards both you and your friend with $10 in Bitcoin each time you refer someone to Ledger. The program is simple and straightforward to follow.

To be eligible to participate in the Referral Program, you need to own a Ledger Nano. Once you have your device, set it up with the Ledger Live app, and make sure you have an Ethereum address to create your account. Once you have your referral link, make sure to use it within 7 days as it expires after that. After your friends/referrals complete the purchase, both of you can now claim your Bitcoins after 30 days by following the on-screen instructions.

Final Thoughts

Ledger’s ecosystem of products and services provides both security and ease of use for engaging with digital assets. With their referral program, you can empower your friends and family to take control of their funds through secure self-custody while earning Bitcoin rewards. Don’t miss out on this win-win opportunity.

Comments

All Comments

Recommended for you

  • Bitcoin opens $63K futures gap as thin liquidity threatens BTC price

    Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.

  • Cointime May 4th News Express

    1. Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

  • Renault's BWT Alpine F1 Team announces partnership with ApeCoinDAO

    The BWT Alpine F1 team under Renault announced a partnership with ApeCoinDAO on X platform, which will introduce APE into the Alpine F1 ecosystem and collaborate with global token holders to launch peripheral products and digital assets inspired by the first ApeCoin. It is reported that according to the cooperation between the two parties, in the future, BAYC NFTs may be able to wear equipment and clothing with the Alpine team logo.

  • BTC breaks through $63,000

    The market shows BTC has broken through $63,000 and is currently trading at $63,014.9, with a daily increase of 6.11%. The market is volatile, so please exercise caution in risk management.

  • The total gas consumption on the Base chain exceeds 10,000 ETH

    According to the blockchain analysis platform Dune Analytics, the total gas consumption on the Base chain has exceeded 10,000 ETH, reaching 10,839.5062 ETH at the time of writing (equivalent to over $33.6 million at current prices). The average gas usage amount is about $0.1754 per transaction (0.000059661 ETH), and the total number of blocks has reached 13.41 million, with an average transaction volume of about 14.63 transactions per block. In addition, the data shows that the total transaction volume on the Base chain has exceeded 196.2 million, with over 8.366 million users and over 184 million user transactions at the time of writing. Furthermore, the total number of contracts created on the Base chain has exceeded 64 million, reaching 64,056,573 in the current period.

  • A wallet received 2,000 ETH from Alemeda/FTX

    As monitored by The Data Nerd, 6 hours ago, wallet 0xaEa received 2,000 ETH (approximately $6.23 million) from Alemeda/FTX. Within a week, it received a total of 8,000 ETH (approximately $24.71 million) from Alameda and deposited 6,000 ETH into Binance.

  • A single transaction with a transaction fee of up to 1.5 BTC appeared on the Bitcoin chain

    According to on-chain data tracking service monitoring , there has been a single transaction on the Bitcoin network with a transaction fee as high as 1.5 BTC, worth about $100,254. It is reported that the sender of the transaction is an address starting with "bc1p4n" and the recipient is an address starting with "bc1pqv".

  • 2 wallets deposited 211 billion SHIB into Coinbase within 10 hours

    According to The Data Nerd's monitoring, within 10 hours, 2 wallets (with the same amount of SHIB) deposited a total of 211 billion SHIB (about 5.16 million US dollars) into Coinbase. These wallets accumulated these SHIBs last week, and if sold at the current price, it would cause a small loss (about 120,000 US dollars).

  • USDT issuance on TON chain reaches $100 million

    According to official data, the issuance and circulation of USDT on the TON chain has reached 100 million US dollars, making TON the fastest-growing blockchain for Tether USDT issuance in Web3 history.