Ledger has unveiled a new multisig interface that has been praised for its technical improvements but has drawn sharp criticism for its new fee model.
The Ledger Multisig app will impose a flat $10 fee on all transactions, except for token transfers, which will instead carry a 0.05% variable fee. These costs come on top of regular blockchain gas fees, which remain outside Ledger’s control.
Ethereum developer and X user pcaversaccio accused the company of centralizing crypto activity under its brand, writing: “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).”
Ledger Dominates Hardware Wallet Market but Users Still Face Phishing Risks
Ledger, the world’s leading hardware wallet provider, has sold more than 7.5 million devices over the past decade and claims to protect about 20% of the global cryptocurrency market by value.
Its wallets enable users to keep full self-custody of their digital assets — a core principle of the crypto movement that promotes independence from centralized exchanges. While Ledger’s devices are highly resistant to online hacks and have reportedly never been breached in the field, cybersecurity firm Kaspersky cautions that users remain vulnerable to phishing and social engineering attacks. These scams deceive individuals into revealing their private keys or recovery phrases, allowing attackers to bypass the wallet’s physical security protections.
