Overview

Ledger, a leading manufacturer of cryptocurrency hardware wallets, has rolled out a new multisig application that has garnered significant attention. While many have praised its technical enhancements, the introduction of a new fee system has sparked controversy, with users labeling it a cash grab.

Fee Structure

The new Ledger Multisig application implements a flat fee of $10 for all transactions except for token transfers, which attract a 0.05% variable charge. This is in addition to regular blockchain gas fees, which are unaffected by Ledger’s fees.

User Reactions

Ethereum developer and user on platform X, pcaversaccio, voiced stern criticism regarding the fees, stating:

“You parade as Cypherpunk while trying to make Ledger Wallet (rebranded from Ledger Live) the single choke point for all crypto so you can squeeze everyone through it (guys, this won’t happen).”

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Contradictory Statements

Additionally, critics have pointed out what seems to be a contradiction between the statements made by Ledger’s CEO, Charles Guillemet, who highlighted the necessity for clear transaction signing, and the company’s new policy introducing fees for these same features. Guillemet’s prior comments suggested the service was free, leading to confusion among users.

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Ledger’s Position in the Market

Ledger is recognized as the largest cryptocurrency hardware wallet provider, having sold over 7.5 million devices and securing an estimated 20% of the cryptocurrency market value through its products.

Hardware wallets enable users to hold their digital assets securely without relying on centralized services. Despite their noted resistance to hacks, security experts warn that users are still susceptible to phishing and social engineering threats that could compromise their private information.

For further reading on solution updates, check out the article on Ledger and Trezor 2025 hardware wallets.