Ledger Encounters Criticism Regarding New Multisig Application Charges Despite Technical Improvement

Ledger, a manufacturer of crypto hardware wallets, is encountering significant criticism following the introduction of its new Multisig application, which brings a contentious fee structure along with what many consider a substantial technical improvement.

Key Takeaways:

• The launch of Ledger’s Multisig app has drawn backlash for implementing a $10 flat fee per transaction and a 0.05% fee on token transfers, in addition to gas fees.
• Developers and users have accused the firm of centralizing cryptocurrency for profit-oriented practices.
• The latest Nano Gen5 model features Bluetooth and NFC connectivity.

The company indicated that the Multisig app will impose a flat fee of $10 per transaction, excluding token transfers, which will instead be subject to a 0.05% variable fee.

These charges are supplementary to standard blockchain gas fees, leading to dissatisfaction among users who claim Ledger is profiting from self-custody.

Ethereum Developer Accuses Ledger of Centralizing Crypto Under New Wallet Model

Ethereum developer pcaversaccio was one of the most vocal critics. “You present yourselves as Cypherpunk while attempting to make Ledger Wallet (formerly Ledger Live) the sole choke point for all crypto so you can extract fees from everyone,” he stated on X.

Charles Guillemet, Ledger’s Chief Technology Officer, has advocated for the Multisig feature as a significant security improvement, highlighting the necessity of clear signing for safer transactions.

However, his statements conflicted with the company’s documentation, which initially claimed the service would be free.

Guillemet later explained that the reference to it being free was an error, but the misunderstanding intensified doubts regarding the company’s communication and pricing approach.

Ledger CTO made a “typo” pic.twitter.com/NqzyMzqCJk

— Jrag.eth (@Jrag0x) October 24, 2025

Established in 2014, Ledger ranks among the largest hardware wallet producers globally, claiming to safeguard approximately 20% of worldwide crypto assets.

The firm has sold over 7.5 million devices, marketing its products as vital protections for users who prefer to manage their own private keys rather than depend on centralized exchanges.

While Ledger’s hardware wallets have remained secure in practical use, cybersecurity firm Kaspersky has cautioned that no device can shield users from phishing or social engineering attacks, which persist as the most prevalent threats.

The criticism regarding Multisig fees underscores the escalating friction between security advancements and commercialization within crypto infrastructure.

For numerous users, Ledger’s recent actions indicate a growing concern that the distinction between self-custody and corporate oversight is starting to fade.

Ledger Launches Nano Gen5 with NFC and E Ink

Ledger has transformed its product lineup with a significant rebranding and the introduction of the Ledger Nano Gen5, its most sophisticated device to date.

The company stated that its wallets are no longer merely “hardware wallets” but are now referred to as “Ledger signers,” signifying their broadened function in securing not just digital assets but also online identities in an AI-influenced era.

The accompanying app, Ledger Live, has been renamed Ledger Wallet, acting as the central platform for managing and monitoring digital value.

The new Nano Gen5 is equipped with Bluetooth and NFC connectivity for “on-the-go signing” and features an E Ink touchscreen that facilitates Clear Signing, Transaction Check, and the Ledger Security Key.

In the meantime, competitor Trezor launched its own next-generation device, Safe 7, just days prior to Ledger’s announcement.

With features such as transparent secure elements and “quantum-secure updates,” Trezor’s release highlights the intensifying competition in the hardware wallet sector.

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