THELOGICALINDIAN - Bitstamp has appear affiliation with the Ledger accouterments wallet belvedere acceptance users to accelerate their BTC anon to and from algid storage
Also read: A $99 Trezor Could Have Prevented the $70M Bitfinex Theft
Bitstamp Integrates Ledger Wallet’s BOLOS Protocol
This summer’s Bitfinex hack, consistent in the accident of $70 actor USD in bitcoin, has annoyed the absolute community. However, it has additionally led some exchanges to use bigger aegis methods.
Most recently, accepted bitcoin barter Bitstamp appear on September 19 that its belvedere is now tethered with Ledger software.
Bitstamp said users can cautiously abundance their funds with the Blockchain Open Ledger Operating System (BOLOS). The barter said it wants users and traders to feel safer by actuality able to alteration their BTC into a defended environment.
Bitstamp’s website states:
A hardware wallet has cogent advantages over acceptable software wallets. Devices abundance a user’s clandestine keys in a defended fashion. Furthermore, clandestine keys captivated on accouterments wallets are about adequate by a microcontroller. With a microcontroller, BTC cannot be transferred after the owner’s authorization.
Hardware Wallet Companies Offer Security Assistance
After the Bitfinex compromise, Bitcoin.com reported on accouterments wallet manufacturers Trezor and Ledger, and their offers to advice exchanges advance security. Both companies claimed that exchanges and their customer’s funds would be safer if they acclimated accouterments wallets. Balance appear a abundant blog post about the subject.
“When you accord with clandestine keys that you cannot revoke, and whose accommodation would aftereffect in massive losses, you aloof can’t accept them on a approved server architecture,” the blog post explained.
Bitstamp took the admonition of Ledger and accomplished a affiliation with the accouterments wallet manufacturer. The barter said they appetite to abide convalescent their customers’ trading adventures — now authoritative accouterments wallet compatibility part of that effort.
Rumors advance that Bitstamp affairs to apparatus Trezor affinity in the future. The aggregation has not accepted or denied those rumors.
The acquaint abstruse from the Bitfinex drudge accept additionally activated to added exchanges. This accomplished August, Shapeshift announced affiliation with KeepKey. The affiliation with Shapeshift allows KeepKey users to abode assorted cryptocurrencies on their accouterments wallets.
User Control in the Exchange Environment
The accord amid Bitstamp and Ledger Wallet will reportedly accord barter bigger ascendancy over their agenda assets. If aggregate works as intended, a aegis aperture at Bitstamp would not affect user funds stored in accouterments wallets. The barter said they are open to acknowledgment and questions apropos the contempo update.
What do you anticipate about Bitstamp amalgam with the Ledger BOLOS protocol? Let us apperceive in the comments below.
Source: Bitstamp
Images address of Shutterstock, Bitstamp, Ledger Wallet.
Bitcoin.com’s online store offers the Ledger Wallet, for those absorbed in accouterments wallet storage. Our abundance additionally sells aggressive wallets KeepKey and Trezor.
