Exclusive: Ledger taps Transak to power secure crypto-to-fiat withdrawals

Ledger users can now sell their crypto for fiat without leaving the company’s secure hardware wallet environment, thanks to a new integration with Web3 payments infrastructure provider Transak.

The partnership expands beyond Transak’s existing on-ramp support to now include off-ramping for Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and other assets directly within the Ledger Live app on desktop and mobile, crypto.news can exclusively report.

The integration allows users in more than 100 countries to convert crypto holdings into their local fiat currency through bank transfers and other supported payment methods. This marks a significant upgrade to Ledger Live’s ‘Sell’ section, which previously relied on more limited third-party providers.

The new off-ramp is designed to work natively with Ledger’s self-custodial infrastructure, preserving user control while minimizing reliance on centralized exchanges.

‘Real freedom’ in crypto ownership

Transak’s off-ramp solution is deeply integrated into Ledger Live, not just embedded via iframe or redirects. Unlike centralized exchanges, users retain full custody of their assets until a transaction is initiated. All fiat conversions are facilitated through Transak’s regulated banking partners, with security and compliance protections including ISO 27001 certification, SOC 2 Type II compliance, and multi-level KYC. Transak also supports KYC reuse across partner platforms.

“Self-custody isn’t just about holding assets, it’s about having real freedom over them. With Transak Off-Ramp, Ledger users now have a seamless way to convert their crypto into fiat, directly within Ledger Live,” said Sami Start, CEO at Transak.

Ledger VP of Consumer Services Jean-François Rochet added that the partnership reflects Ledger’s broader mission to combine maximum user control with access to trusted, integrated services. Crypto is “about ownership and choice” while the partnership with Transak gives users “more choice than ever, with uncompromising security.”

To understand the strategy and technical detail behind this integration, crypto.news spoke with Chandrasekar Kuppusamy, Director of Developer Relations at Transak. In the Q&A below, Kuppusamy explains how the off-ramp preserves Ledger’s self-custodial ethos, what differentiates the partnership from other fiat gateways, and how Transak is scaling its infrastructure to meet growing demand.

crypto.news: Transak’s expanded partnership with Ledger includes a crypto-to-fiat off-ramp embedded in Ledger Live. What was the strategic thinking behind this move, and how does integrating off-ramp services directly into a hardware wallet ecosystem align with Transak’s broader mission? 

Chandrasekar Kuppusamy: Integrating a fiat off-ramp directly into Ledger Live aligns perfectly with Transak’s mission to simplify access to Web3 by making crypto entry and exit seamless and secure. Ledger is the gold standard in self-custody, and by embedding Transak’s infrastructure, we bring a “customized end-to-end solution” that eliminates the need for users to leave their trusted environment to cash out. It enhances user control while preserving the safety and UX that both companies prioritize.

CN: Given Ledger’s focus on self-custody and security, how does Transak’s off-ramp integration preserve that ethos within Ledger Live? What security guarantees are you offering to reassure users that their funds remain under their control until the moment of conversion, and that sensitive personal data is protected during the KYC and bank transfer process? Essentially, how are you mitigating any new risks introduced by embedding a fiat off-ramp into Ledger’s hardware wallet environment?

CK: Transak’s off-ramp solution is designed to integrate securely with non-custodial environments. Funds remain under the user’s control until they initiate the transaction. Transak never takes custody of user funds in advance. Furthermore, our Multi-Level KYC system is optimized for low-friction compliance, and we’ve implemented rigorous data protection practices including encryption, ISO 27001 certification, SOC 2 Type II compliance, and GDPR readiness. All fiat transfers are processed through regulated banking partners with secure API connections.

CN: There are several competing routes for converting crypto to fiat, notably sending assets to exchanges like Coinbase to using other integrated off-ramp services like MoonPay. What makes the Ledger Live + Transak off-ramp stand out against these alternatives? How are you positioning this partnership as a differentiated offering in an increasingly crowded off-ramp market?

CK: This is a custom, deeply integrated off-ramp built for a hardware wallet experience, not just an embedded iframe or redirect. Unlike centralized exchanges, users never compromise on custody. Compared to aggregators, we provide more control over flow, fees, and features. Our customized end-to-end solution includes clear signing, direct fiat payouts in 100+ countries, and reuse of existing KYC features that aren’t universally supported elsewhere.

CN: Investors are highly sensitive to fees and conversion costs when cashing out. How does the fee structure of Transak’s off-ramp in Ledger Live compare to other options like selling on a centralized exchange or using alternative fiat gateways? Are there any additional spreads or extra charges baked into the conversion rates that users should be aware of, and what is Transak doing to minimize both cost and friction for those looking to liquidate?

CK: Transak works hard to minimize friction and cost. Fees vary by payment method and region, but our spreads are competitive and often lower than those on exchanges due to optimized liquidity sourcing. There are no hidden fees. Users benefit from upfront clarity, real-time quotes, and bank-grade FX rates. Our goal is to make fiat conversion as cost-efficient as possible for both small and large transactions.

CN: Transak boasts support for users in over 160 countries, but crypto-to-fiat rules vary widely by country from very loose to ultra strict. How is Transak ensuring that the Ledger Live off-ramp remains compliant and operational across so many regions? Can you maintain service continuity if a major market tightens its crypto regulations, and do you have contingency plans (or licenses in place) to adapt quickly to changing laws so that users aren’t left stranded when trying to withdraw their funds?

CK: Transak holds and is actively pursuing licenses in major jurisdictions (including MTLs in the U.S., Canada, FIU in India, FCA registration in the UK, AUSTRAC in Australia, and VASP in Europe). This licensing foundation allows us to offer reliable services across multiple regions. We monitor regulatory updates in real time and have built flexible compliance systems that allow us to restrict or adapt specific flows without affecting global continuity. Additionally, local payout partnerships give us operational agility to respond to market shifts.

CN: Continuing from the prior question, how do you convince a savvy investor that off-ramping through Ledger+Transak is as cost-effective and reliable for large transactions as any other method on the market?

CK: Ledger+Transak is equipped to handle large transactions with competitive and transparent fees, highly reliable sources of liquidity, and stable payout infrastructure. It minimizes the cost and risk involved in converting and transferring large cryptocurrency holdings.

CN: With the Ledger partnership enabling direct off-ramps, how is Transak preparing for its next phase of growth and scalability? Do you anticipate needing to scale up your infrastructure or support in anticipation of more hardware wallet users cashing out?

CK: We’ve already made infrastructure upgrades to support the expected increase in Ledger off-ramp volume. From auto-scaling APIs to enhanced support workflows, we’re built for scale. Transak is already used by 450+ leading dApps, Exchanges and various finance apps. Our support team, already rated 4.3 5 on Trust Pilot, has been expanded and trained specifically for this partnership. We’re also scaling our systems continuously to reduce processing times and costs as demand grows.

CN: Last, what new innovations or partnerships are you considering to further differentiate Transak’s off-ramp and next stage of growth?

CK: At Transak, we’re focused on scaling thoughtfully, with a clear emphasis on infrastructure that improves cost-efficiency, speed, and control for our partners and their users. You can expect to see more custom integrations where onboarding and offboarding are embedded natively into trusted environments. We’re also exploring deeper collaborations with ecosystem players who are rethinking how digital assets fit into everyday finance, especially where stablecoins play a key role. The goal is to make Web3 feel less like a separate world, and more like a seamless extension of what users already know.