Ledger brought a new multisig interface to make it easier to sign secure transactions with numerous devices. Users praised the technical changes, but criticized the company for adding a direct transaction fee that had not previously existed. The flat fees are in addition to standard blockchain network gas fees. Ledger Multisig app now charges $10 […]Ledger brought a new multisig interface to make it easier to sign secure transactions with numerous devices. Users praised the technical changes, but criticized the company for adding a direct transaction fee that had not previously existed. The flat fees are in addition to standard blockchain network gas fees. Ledger Multisig app now charges $10 […]

Ledger’s $10 Multisig Fee Update Triggers User Backlash in 2025

2025/10/26 20:25
Ledger
  • Ledger’s multisig update improves security but adds a $10 fee and 0.05% charge on token transfers.
  • Users say new multisig fees oppose self-custody goals and challenge Ledger’s open access stance. 
  • Critics argue essential protection features should not become a paid revenue stream for Ledger.

Ledger brought a new multisig interface to make it easier to sign secure transactions with numerous devices. Users praised the technical changes, but criticized the company for adding a direct transaction fee that had not previously existed. The flat fees are in addition to standard blockchain network gas fees.

Ledger Multisig app now charges $10 flat transaction fee. Instead, transfers of tokens contain a variable 0.05% fee. These fees are paid to platform and they do not make up the blockchain transaction fee that you must also pay for on the network.

An Ethereum developer who goes by pcaversaccio on X slammed the change. He claimed that company wants to create a center of power in the sector. He cautioned that the fee system is in conflict with decentralized philosophies which underpin the notion of self-sovereign ownership.

Users Challenge Ledger’s Fee Policy

The update drew criticism on social media from a number of cryptocurrency users who said it runs counter to Ledger’s public pledge to bring open access. Multisig, they argued in their comments, helps to stop wallet compromises. They argue that a critical protection ought not be used as a cash register.

Also Read: Sygnum Bank Introduces Bitcoin-Backed Multisignature Lending Product with Debifi

Users also complained of the company’s inconsistent communication on the issue. Clear signing was vigorously pushed by company CTO Charles Guillemet’s as essential for secure crypto. Critics said it was inconsistent to charge fees for recurring features that prevent fraudulent transactions.

Confusion Over Multisig Messaging

Guillomet’s comments were made more confusing by the fact that he then immediately implied multisig access would still be free. Documented in Ledger did not appear to agree with that statement. He later explained that calling the service free was a typo. Several users asked how an error like that could be included in official messaging.

Source: X

Ledger is still one of the most well-regarded names in crypto self-custody. The company says it has sold over 7.5 million devices around the world. It boasts securing about 20% of the world cryptocurrency value using its hardware wallets.

Private keys are stored offline in hardware wallets. This means they do not directly face the dangers of the Internet. Ledger also is quick to note that none of its devices have been compromised in the field. The company still emphasizes engineering and firmware updates as testament to its ongoing security focus.

Offline protection does not eliminate risk, security analysts said. Phishing and Social Engineering Attacks Still Target Users Kaspersky researchers cautioned that users remain targets of phishing and social engineering attacks. Victims are typically duped into revealing recovery phrases. This discloses control of the wallet regardless of whether the device has been hacked.

Human error remains the weakest link, analysts said. Criminals prey on confusion, urgency or mistakes, they said. They noted safe handling of seed phrases is still critical for all hardware wallets.

Ledger agreed that the pricing sustains the development and maintenance. It said that there were ongoing resource requirements for multisig updates. The firm has not said it will pull or lower the fees. Now, however, customers must decide whether the upgrade is worth the extra money.

Also Read: Ripple vs Swift: Blockchain Ledger Sparks New Payment Battle

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Hoskinson to Attend Senate Roundtable on Crypto Regulation

Hoskinson to Attend Senate Roundtable on Crypto Regulation

The post Hoskinson to Attend Senate Roundtable on Crypto Regulation appeared on BitcoinEthereumNews.com. Hoskinson confirmed for Senate roundtable on U.S. crypto regulation and market structure. Key topics include SEC vs CFTC oversight split, DeFi regulation, and securities rules. Critics call the roundtable slow, citing Trump’s 2025 executive order as faster. Cardano founder Charles Hoskinson has confirmed that he will attend the Senate Banking Committee roundtable on crypto market structure legislation.  Hoskinson left a hint about his attendance on X while highlighting Journalist Eleanor Terrett’s latest post about the event. Crypto insiders will meet with government officials Terrett shared information gathered from some invitees to the event, noting that a group of leaders from several major cryptocurrency establishments would attend the event. According to Terrett, the group will meet with the Senate Banking Committee leadership in a roundtable to continue talks on market structure regulation. Meanwhile, Terrett noted that the meeting will be held on Thursday, September 18, following an industry review of the committee’s latest approach to distinguishing securities from commodities, DeFi treatment, and other key issues, which has lasted over one week.  Related: Senate Draft Bill Gains Experts’ Praise for Strongest Developer Protections in Crypto Law Notably, the upcoming roundtable between US legislators and crypto industry leaders is a continuation of the process of regularising cryptocurrency regulation in the United States. It is part of the Donald Trump administration’s efforts to provide clarity in the US cryptocurrency ecosystem, which many crypto supporters consider a necessity for the digital asset industry. Despite the ongoing process, some crypto users are unsatisfied with how the US government is handling the issue, particularly the level of bureaucracy involved in creating a lasting cryptocurrency regulatory framework. One such user criticized the process, describing it as a “masterclass in bureaucratic foot-dragging.” According to the critic, America is losing ground to nations already leading in blockchain innovation. He cited…
Share
2025/09/18 06:37
China drops Google antitrust case as U.S.-China talks focus on TikTok and Nvidia

China drops Google antitrust case as U.S.-China talks focus on TikTok and Nvidia

The post China drops Google antitrust case as U.S.-China talks focus on TikTok and Nvidia appeared on BitcoinEthereumNews.com. Beijing is shelving its antitrust case against Google, as the United States and China ramp up negotiations over TikTok and Nvidia during a tense period in relations. People briefed on the matter said China’s State Administration for Market Regulation chose to end the competition inquiry into Google, a status in Chinese called “zhongzhi”, the Financial Times reported on Thursday, The FT added that Google has not yet received formal paperwork confirming the closure of the case. After talks with Chinese counterparts in Madrid, U.S. Treasury Secretary Scott Bessent said a September 17 deadline that could have disrupted the popular social media app in the United States pushed negotiators toward a possible agreement. He noted the deadline could be extended by 90 days to finish the terms, without giving specifics. Bessent said that when commercial details are made public, the arrangement would keep cultural features of TikTok that Chinese negotiators want to protect. “They’re interested in Chinese characteristics of the app, which they think are soft power. We don’t care about Chinese characteristics. We care about national security,” Bessent told reporters at the close of two days of meetings. Trump hinted at possible Chinese stake in TikTok Asked whether China might hold a stake, former President Donald Trump said, “We haven’t decided that but it looks to me, and I’m speaking to President Xi on Friday, for confirmation of that.” A Trump has said the platform aided his re-election last year, and his personal account counts 15 million followers. The White House launched an official TikTok account last month. Any deal may still need approval from the Republican-led Congress. In 2024, Congress passed a law saying TikTok must be sold because of worries that China could access U.S. user data and use it for spying or influence. The Trump administration has…
Share
2025/09/18 14:08