Cointime

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.

Bitcoin Blockchain
Comments

All Comments

Recommended for you

  • Over $594 million worth of PYTH is staked

    According to Dune data,  there are currently 1,201,167,362 PYTH tokens in the staked state, with a total staked value exceeding $594 million. The number of PYTH stakers has reached 151,211.

  • US Department of Justice: Tornado Cash indictment has nothing to do with "free speech"

    On May 11th, the US Department of Justice explained why the motion to dismiss the criminal case against Tornado Cash founder Roman Storm was invalid. The Department of Justice reiterated that their indictment was not related to whether the Tornado Cash computer code had freedom of speech or was protected by the First Amendment of the Constitution. The defendant was not charged for publishing computer code, but for using it to facilitate profitable illegal activities.

  • USDC circulation decreased by $100 million in the past week, with a total circulation of $33 billion

    According to official data，as of May 9th, Circle has issued approximately $2 billion USDC and redeemed approximately $2 billion USDC in the past 7 days, with a decrease in circulation of approximately $100 million. The total circulation of USDC is $33 billion, with a reserve of $33.1 billion, including approximately $3.3 billion in cash and Circle Reserve Fund holding approximately $29.8 billion.

  • SEC rejects Coinbase's request for appeals court ruling on cryptocurrency rules

    The US SEC has rejected Coinbase's request to appeal to the court to review whether traditional securities rules are applicable to cryptocurrencies. In its application, Coinbase stated that it hoped the appeals court would consider whether the Howey test, which has long been used for securities evaluation, should be applied to digital assets. However, the SEC pointed out that Coinbase has not successfully demonstrated the need for such an evaluation. The SEC stated that Coinbase is attempting to create a "new legal test," but this attempt was rejected by the court. The court found that Coinbase's arguments lacked consistency and did not successfully demonstrate the existence of decisive issues. Currently, the judge responsible for hearing the SEC's case against Coinbase will make a ruling on Coinbase's intermediate appeal motion.

  • Colombian President Suspected of Accepting $500,000 in Illegal Crypto Donations

    Colombian President Gustavo Petro is suspected of accepting over $500,000 in digital token donations from a fraudulent cryptocurrency project during his 2022 election campaign. A former contractor revealed that the illegal donation occurred during a meeting in February 2022 that discussed the advantages of cryptocurrency and the possibility of working with the government. This allegation is one of the latest charges faced by President Petro during his election campaign, with the Colombian Prosecutor's Office investigating his campaign last year.

  • Fed's Kashkari: The bar for another rate hike is high, but it cannot be ruled out

    The Federal Reserve's Kashkari expressed a cautious attitude towards restrictive monetary policy; he is adopting a wait-and-see attitude towards future monetary policy; he is in a wait-and-see state to see if inflation is stagnating; the threshold for raising interest rates again is high, but this possibility cannot be ruled out; if inflation data supports it, the Fed will maintain interest rates.

  • The address that defrauded 1,155 wBTC has returned more than 96% of the funds to the victims

    Blockchain data shows that the address poisoning attacker lured users to send 1,155 Wrapped Bitcoins (wBTC) (valued at $68 million at the time) to them. The attacker has returned almost all of the stolen funds. These funds were exchanged for Ethereum (ETH) during the attacker's holding period, and the price of ETH has since fallen. However, the attacker returned about 22,960.07 ETH, worth about $65.7 million, which accounts for over 96% of the initial stolen funds in terms of US dollar value.

  • TrumpAI tokens on Ethereum have been RUG

    PeckShield has monitored that the TrumpAI token on the Ethereum blockchain has fallen by 100%. An address starting with 0x935A sold 5,000,000,000,000,000,000,000 TrumpAI tokens, which is about 26.57 WETH (approximately $80,000). Note: rugpull tokens have the same name as legitimate tokens.

  • cointelegraph ·

    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.

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

  • 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).

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company