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Ledger Faces Backlash Over New Multisig Fees Amid Hardware Wallet Updates

Ledger Faces Backlash Over New Multisig Fees Amid Hardware Wallet Updates

Author:

Global Cryptocurrency

Published:

2025-10-24 21:00:02

16

3

BTCCSquare news:

Ledger's introduction of transaction fees for its new multisignature feature has sparked criticism across the cryptocurrency community. The feature, launched alongside the Nano Gen5 device and an upgraded wallet app, marks the first time the company has imposed per-transaction charges—$10 for standard transfers plus a 0.05% variable fee on token movements.

Previously, users relied on open-source alternatives like Specter or Sparrow for multisig transactions. Ledger's shift to a proprietary backend system, framed as a security enhancement, has drawn accusations of profit-driven motives. Developers argue the MOVE turns users into revenue streams, with one researcher likening them to 'cash cows.'

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