10% discount on Ledger hardware wallets

[Pmalek]

Ledger just started a new promo campaign offering a 10% discount on all purchases in their official shop. This offer is only available for the next 48 hours.
You need to apply the promo code NYKNYC during checkout to take advantage of it.

The second piece of news is the integration of the Binance exchange within Ledger Live. The accompanying blog post in the tweet is several months old, so I am unsure when Binance was officially integrated. Regardless, the partnership allows users to trade on Binance through the Ledger Live software. KYC is required, and I am sure Ledger earns a fee on each completed trade. You will surely get better rates using Binance directly if that's what you want. 

[1714063821]

1714063821

[bitmover]

KYC is required, and I am sure Ledger earns a fee on each completed trade. You will surely get better rates using Binance directly if that's what you want.  

As kyc is required,  you are linking your whole ledger live stash with you KYC. Basically linking all your cryptocurrencies saving with your name.

Ledger live most likely share all the information they collect with their partners.

I will certainly avoid all kyc procedures related to my ledger wallet. And everyone should do so as well.

Once you link, your privacy is forever gone.

You can try to get some degree of privacy later on by  using mixers and creating a new wallet (which will mitigate their tracking), but what is done online cannot be undone. Binance ledger and whoever more is watching will see your full balance and your name.

[o_e_l_e_o]

I will certainly avoid all kyc procedures related to my ledger wallet. And everyone should do so as well.

Yup. What a truly horrible move by Ledger.

Every decision Ledger make as a company leads them more and more astray from the ethos you want from a hardware wallet manufacturer. Even ignoring their horrendous data breach, they spend the majority of their development time implementing support for an endless number of scams and shitcoins and integrating privacy invading nonsense like KYC linked debit cards and KYC linked exchange accounts in to Ledger Live. The whole point of a hardware wallet is to keep your coins under your own control and not that of exchanges, and away from their sticky fingers and prying eyes. Why on Earth would you want to link your hardware wallet to your KYC?

Ledger are no longer a company which can be trusted. They consistently put profits above their users.

[dkbit98]

Ledger just started a new promo campaign offering a 10% discount on all purchases in their official shop. This offer is only available for the next 48 hours.
You need to apply the promo code NYKNYC during checkout to take advantage of it.

I am not impressed with this new 10% discount, and Trezor beat them this time with bigger 15% discount, but in both cases they increased prices a lot before offering discounts  

Ledger live most likely share all the information they collect with their partners.

They share it 100% and they are not even hiding that, you can check their privacy policy page for more information about that.
Partnering with Binance is fine, but they shouldn't force you to pass kyc verification, oh wait... you can't even use Binance anymore without that
I wonder why nobody is partnering with Bisq or any other exchange that doesn't have strict kyc?

Ledger are no longer a company which can be trusted. They consistently put profits above their users.

Ledger was never a trusted company, so nothing is lost there.
They accepted shit tone of money from left and right in their previous money grabbing campaigns, and they need to payback debts somehow.

[Pmalek]

I think you guys got a bit too carried away here. It's not Ledger that you need to complete your KYC verification with, it's with Binance. Binance now has mandatory KYC, which means no registering, trading or withdrawing from new accounts without undergoing KYC first, remember? If you already passed KYC on Binance, you aren't required to do it again with Ledger.

It's still a bad practice and shouldn't be done. I see no reason why anyone would connect their Binance account (KYC-verified or not) to Ledger Live and surely get worse exchange rates. When it comes to the data being shared with 3rd-parties and between the new partners, that's a given.

[o_e_l_e_o]

I think you guys got a bit too carried away here. It's not Ledger that you need to complete your KYC verification with, it's with Binance.

I don't think anyone was suggesting that Ledger will be collecting KYC data themselves. But by linking your Ledger with your KYCed Binance account, then either Ledger or Binance or more likely both will have a complete record of all your hardware wallet addresses and transactions alongside all your KYC data and information. And I'm sure I don't need to remind anyone of both these companies' utterly atrocious attitude to protecting customer data.

[SFR10]

Ledger just started a new promo campaign offering a 10% discount on all purchases in their official shop.

I'm surprised they only offered a 10% discount code while some of the influencers are offering a higher discount code: e.g. 20% discount

but in both cases they increased prices a lot before offering discounts  

It looks like "the same thing also applies to their shipping fees ^{[except for Nano X]}".

It's not Ledger that you need to complete your KYC verification with, it's with Binance.

You're right ^{[for the most part]}, but there's also this:

• Note: If you don’t have a Binance account, you need to complete KYC verification in Ledger Live.

[Pmalek]

I'm surprised they only offered a 10% discount code while some of the influencers are offering a higher discount code: e.g. 20% discount

Interesting. I didn't see that back when I created this thread. Maybe the guy posted it later. His 20% discount could be totally unrelated to Ledger's offer though. I don't want to click on the link because I don't know what it is. It mentions the word "referral", so he could have gotten a discount coupon from Ledger because of the people he referred to their shop who ended up purchasing hardware wallets through his referral link.

You're right ^{[for the most part]}, but there's also this:

• Note: If you don’t have a Binance account, you need to complete KYC verification in Ledger Live.

I saw that. I think the wording is wrong. It should probably say that if you haven't completed your KYC at Binance, you need to do it through Ledger Live. Ledger Live is just the window that allows you to perform KYC on your Binance account. You still shouldn't do it, though. That sentence makes even less sense because if you don't have a Binance account, what are you going to log in to and connect with Ledger Live? You need to have an account first. And you can't register a new Binance account today without going through KYC as well.

I will check if my Ledger Live gives me an option to connect to Binance just to see how it works. I assume that there is an option to create a new Binance account directly through Ledger Live as well just in case you don't have one. It would make sense since you can use LL to send Binance your KYC data.

[SFR10]

I don't want to click on the link because I don't know what it is. It mentions the word "referral", so he could have gotten a discount coupon from Ledger because of the people he referred to their shop who ended up purchasing hardware wallets through his referral link.

You're right... Initially, I thought he was just using a platform to display the code, but it appears to be some kind of referral that's based on giving discount codes, as opposed to direct referral links ^{[a bit weird]} and I just "found it on Ledger ^{[it only applies to Nano X & S purchases (my bad) and I believe it's limited to only a few people]}".

I saw that. I think the wording is wrong. It should probably say that if you haven't completed your KYC at Binance, you need to do it through Ledger Live. Ledger Live is just the window that allows you to perform KYC on your Binance account. You still shouldn't do it, though. That sentence makes even less sense because if you don't have a Binance account, what are you going to log in to and connect with Ledger Live? You need to have an account first. And you can't register a new Binance account today without going through KYC as well.

You're probably right and I believe the main issue is if Ledger could collect any data along the process ^{[even if it's just a window on LL]}, it makes it worse than just doing the KYC part in Binance ^{[even if you have to go back to LL afterward]}.

[m2017]

I am sure there will be ledger users who will pass verification with KYC, moreover, they will use Binance directly from the ledger live application. Because this simplifies use and minimizes actions. People like this and are willing to sacrifice privacy and anonymity for the sake of simplicity and convenience. So, the Ledger gives only what their consumers want. I've been thinking about what will happen to traditional banks in the era of cryto currencies and it seems to me that companies like Ledger will come to replace them, which will partially perform their functions, which the crypto-community so disapproves of (like KYC). Started with the production of hardware devices and, having expanded their influence, will offer more and more diversified services related to finance. Sorry, got a little off topic.

[Pmalek]

it only applies to Nano X & S purchases (my bad) and I believe it's limited to only a few people.

I am sure it applies to the Nano S Plus now as well. Nano S isn't being sold anymore through the official store, and it's replacement is Nano S Plus. It's probably just the documentation that hasn't been updated if you read it somewhere. The content on the page was written before the Nano S Plus was even released.

You're probably right and I believe the main issue is if Ledger could collect any data along the process ^{[even if it's just a window on LL]}, it makes it worse than just doing the KYC part in Binance ^{[even if you have to go back to LL afterward]}.

Who knows what their partnership entails. Could in theory even include Binance sharing KYC data with Ledger in exchange for something else.

Ledger's firmware is closed-source, making the hardware device closed-source because of the choice of secure element. Ledger Live is open-source. If someone has the skills, maybe the truth is in the code. But in all honestly, it doesn't have to be. Those things don't have to be done automatically and for the public to see. An exchange can take place anytime and anywhere.

[dkbit98]

I think you guys got a bit too carried away here. It's not Ledger that you need to complete your KYC verification with, it's with Binance. Binance now has mandatory KYC, which means no registering, trading or withdrawing from new accounts without undergoing KYC first, remember? If you already passed KYC on Binance, you aren't required to do it again with Ledger.

You need to verify yourself when you buy ledger device online and than they are supporting centralized exchanges.
Didn't they did the same thing with making partnership with FTX exchange and look how that exchange is doing now...
I guess we could expect same thing to happen with Binance in future, everything that ledger touches get's destroyed and ruined, but hey at least FTT and other shitcoins will be safu on ledger  

I don't think anyone was suggesting that Ledger will be collecting KYC data themselves. But by linking your Ledger with your KYCed Binance account, then either Ledger or Binance or more likely both will have a complete record of all your hardware wallet addresses and transactions alongside all your KYC data and information. And I'm sure I don't need to remind anyone of both these companies' utterly atrocious attitude to protecting customer data.

It's even worse they are making deals with other centralized exchanges, so when you have multiple connections it's much easier to locate original user.
Ledger doesn't really care as long as they are making profit from this deals.

[o_e_l_e_o]

People like this and are willing to sacrifice privacy and anonymity for the sake of simplicity and convenience.

Probably less convenient for them when their name, address, email address, phone number, the fact they only a Ledger, a list of all their Ledger wallets/addresses, and the balance within all those wallets is leaked/sold online.

It's even worse they are making deals with other centralized exchanges, so when you have multiple connections it's much easier to locate original user.

A moot point. Given that every centralized exchange complies with blockchain analysis, and multiple data brokers and governments all purchase data and services from multiple blockchain analysis companies, you should assume there is already complete cross over of such data. If you complete KYC on Coinbase and separately on Binance, you can be certain that Coinbase knows about your Binance account and vice versa.

[dkbit98]

If you complete KYC on Coinbase and separately on Binance, you can be certain that Coinbase knows about your Binance account and vice versa.

It probably depends who exactly is doing this kyc verification processes, because they can have different partners and procedures for storing and securing private information.
We know that people who signed u for Binance end up with their documents and pictures being posted in public and sold on other forums, and similar thing happened with ledger.
I would say that authorities and regulators probably know more than each individual exchange or ledger separately.

[o_e_l_e_o]

It probably depends who exactly is doing this kyc verification processes, because they can have different partners and procedures for storing and securing private information.

I hadn't even considered the third parties who are being contracted to process your KYC data, but there is no doubt that the same third party will be working with multiple exchanges and will link your data across all these platforms.

I would say that authorities and regulators probably know more than each individual exchange or ledger separately.

Oh certainly. We know, for example, that the US government buys data and services from Coinbase Analytics, Chainalysis, Elliptic, CipherTrace, as well as collecting data directly from exchanges themselves. All your activities are completely linkable across your various KYCed accounts.

[Pmalek]

I wasn't sure where to post this, so I remembered that I had an old thread about a previous Ledger discount.
There was recently a discount on color Ledgers so Ledger has been sending loads of marketing emails about that. I am not sure if the promotion has ended.

Anyways, take a look at the screenshot and see one of their marketing emails.



Something tells me that Ledger isn't doing very well if they have to advertise their products as "brilliantly secure" and as never hacked ("still 0 hacks").
Sure, no one has stolen coins from a Ledger, but they are completely sweeping their database hack under the carpet.

[joniboini]

There was recently a discount on color Ledgers so Ledger has been sending loads of marketing emails about that. I am not sure if the promotion has ended.

Looks like it is still live for now, according to this page[1]. Makes me wonder if there is really a demand for colored HW like this since I assume people can just mod their own with stickers and stuff like that. This doesn't solve their last problem afaik, people should not buy them just because they get cheaper.

[1] https://shop.ledger.com/pages/save-30-ledger-nano-colors

[m2017]

There was recently a discount on color Ledgers so Ledger has been sending loads of marketing emails about that. I am not sure if the promotion has ended.

Looks like it is still live for now, according to this page[1]. Makes me wonder if there is really a demand for colored HW like this since I assume people can just mod their own with stickers and stuff like that. This doesn't solve their last problem afaik, people should not buy them just because they get cheaper.

[1] https://shop.ledger.com/pages/save-30-ledger-nano-colors

Nope, people should buy ledger because it's beautiful, bright and colorful, and also multi-colored. After all, this is what is important in hardware wallets.
/Sarcasm off.

Legder is turning into an accessories store for schoolgirls, where you can choose a toy by color. I understand that customization is good, but the main emphasis in HW devices should be on the protection and security of funds (as well as personal data) of customers, and not just this pink and glamorous husk.

I have doubts about the demand for color ledger devices, because they have an indefinite (I don’t know when this promotion will end) 30% discount. Maybe sales aren't going so well.

30% - a good discount, as it seems to me (what difference does it make what color the device case is, the main thing is that the device works), if only there are still those who want to buy ledger wallets

"Save 30% with GONESOON code at checkout" - when buying Nano X (Blazing Orange colour only) + Free shipping and Nano S (Mystic White, Ice, Deepsea Blue, BTC Orange colour's only).

[o_e_l_e_o]

Legder is turning into an accessories store for schoolgirls, where you can choose a toy by color.

This has been evident since they launched the Stax, a hardware wallet whose entire purpose is apparently to be shown off to as many people as possible while displaying information or a NFT on the front to highlight to everyone that you are worth robbing. Now give me bright flashy colored Nanos, so if an attacker sees them again they will think they are something valuable rather than just some bland piece of computer hardware or USB drive. But don't worry if your devices are stolen, your seed phrase is backed up on the cloud, remember! For the low cost of $10 a month!

Ledger are turning in to a meme at this point.

[Yamane_Keto]

Legder is turning into an accessories store for schoolgirls, where you can choose a toy by color. I understand that customization is good, but the main emphasis in HW devices should be on the protection and security of funds (as well as personal data) of customers, and not just this pink and glamorous husk.

Now you need to buy a wallet case to make it less eye catching.

I would call it a shift in the audience who buys these devices from, some who don't understand bitcoin are interested in colors, accessories, that my money is safe and a trusted third party can keep it for me, who likes to hear ("still 0 hacks"), "brilliantly secure" The direction that Legder is taking confirms that it has become targeting this audience, and not privacy lovers.

Ledger are turning in to a meme at this point.

I wouldn't be surprised if we heard about HW version 2 where these devices turn into bank storage.