Ledger Nano S and Nano X Supported Coins
Not even the most advanced users in the crypto market know which are Ledger supported coins. However, this is not a problem because there is a list of coins supported by Ledger Nano S. In this guide we will go through all the details about what coins are supported by Ledger Nano S and all the other models available such as Ledger Blue and Ledger Nano X.
What is Ledger?
Ledger is one of the key participants of the crypto currency market. This company has been working for several years providing some of the most secure solutions for investors to hold virtual currencies.
We know that leaving coins in an exchange or even in hot wallets could be dangerous. Hackers are trying to steal our funds. If we have and store our private keys on computers and machines that are connected to the internet we could be in trouble. Attackers could get access to them through viruses or ransom ware.
Ledger solved this problem and allowed investors to hold their private keys offline. This is basically an upgrade to paper wallets. They were very safe when Bitcoin (BTC) and other virtual currencies were expanding or during the early days, but they are not durable.
Ledger creates hardware devices that protect your private keys from malicious parties but also from erosion and other issues. By holding your private keys using a Ledger Nano S, you are able to secure your coins and store them for long periods of time. This is why it is very important to understand which are Ledger supported coins.
It is worth taking into consideration that depending on the device you use, it would be connected to your computer and to the Ledger Live software. This software can be downloaded on most desktop computers and is used to handle different types of digital currencies.
In the next sections, we share with you which are the coins that are supported by each of the models created by Ledger. The most popular devices include the Ledger Nano S, the Ledger Nano X and the Ledger Blue. In the future, new devices could be launched by Ledger.
What is Ledger Nano S?
This is the most popular device created by Ledger. It is very simple to use, portable and it is available for an affordable price. This was the flagship product of the company for several years until they released the Ledger Nano X with an improved screen and without cable.
This device is the basic hardware wallet that millions of investors around the world have already acquired. Rather than depending on a software wallet, users can easily start holding their private keys on this device.
Due to its durability, price, versatility, and solutions, the Ledger Nano S became one of the favourite wallets of the crypto industry. It has many advantages compared to other competitors such as Trezor and its compatibility with other online services increased the use-cases for uses that held their private keys on this wallet.
It is worth mentioning that when you have a crypto wallet, you do not hold your coins on the device. You hold your private keys on a Ledger Nano S. This can be done in just seconds and it could be used to add more security to the funds you hold in the crypto market.
When you purchase this device, you can make sure you are buying a quality product from a recognized company. Users can easily receive the wallet in different locations and regions and pay using different payment methods.
The negative aspect of hardware wallets created by Ledger is related to the fact that they are paid. You will not find a free version of a hardware wallet created by Ledger. If someone approached you claiming that they have a free Ledger Nano S wallet, you should definitely ignore that. Using this wallet could result in financial losses.
Ledger Nano S Supported Coins
It is clear that we want to know which are Ledger Nano S coins supported. Before we start, we need to understand that Ledger Nano S supports more than 1500 coins, including ERC-20 tokens. This is one of the reasons why it became one of the most popular hardware wallets in the market.
This is because Ledger is working on a regular basis to offer the best services to clients from all around the world. Ledger S Nano supported coins include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and many other ERC-20 digital assets.
As the company explains Ledger Live supports 22 crypto assets on their native blockchains and over 1,200 ERC-20 tokens on the Ethereum blockchain. Users can add more accounts in order to send and receive funds in a fast and intuitive way.
Ledger has created a dedicated site where users can search for the coins they want to know whether they are supported or not. This would make it easier for individuals to find the information they are searching for about Ledger Nano supported coins.
It is worth taking into account that all the assets supported by Ledger Nano S are supported by Ledger Nano X as well. Thus, you will find it possible to use both wallets to hold most of the cryptocurrencies you already hold on other wallets.
Nonetheless, there is a limit to the number of coins you can store on your Ledger device. While using Ledger Nano S would enable you to hold 4, 5 or 6 cryptocurrencies at the same time, Ledger Nano X has more memory and the possibility to offer you at the same time more than 6 applications.
What is Ledger Nano X?
Ledger Nano X is the evolution and next generation of Ledger Nano S. While the Ledger Nano S was the main product offered by Ledger, the Ledger Nano X became the flagship product of this company. Although Ledger Nano S users do not have to upgrade their devices, the Ledger Nano X has many advantages over the Ledger Nano S.
One of the positive things about Ledger Nano X is its larger screen compared to the Ledger Nano S. This makes it easier for users to get access to their funds and manage their accounts. Having a larger screen is very useful when handling digital currencies.
Another positive about Ledger Nano X over Ledger Nano S is related to the space it has. The Ledger Nano X is able to support more crypto applications than its older counterpart. In this way, users that want to handle several accounts at the same time could easily do so.
Additionally, the Ledger Nano X can also be used via Bluetooth rather than cable. This makes it faster and easier to transport compared to the Ledger Nano S.
However, there is a disadvantage for users that want to buy the Ledger Nano X: it is more expensive than the Ledger Nano S. Thus, if you are new to the crypto market and want to get a safe cold storage wallet, then Ledger Nano S will be the cheapest option.
For users that are starting to invest in virtual currencies or that do not need the extra space, the Ledger Nano S could be one of the best solutions. If instead, an investor requires several apps at the same time and Bluetooth connectivity, then the Ledger Nano X could be the solution.
Ledger Nano X Supported Coins
As we mentioned before, the Ledger Nano X supports the same coins as the Ledger Nano S. That means that if you were holding some virtual currencies using the Ledger Nano S and you moved to Ledger Nano X, you will be able to hold the same virtual currencies.
Of course, the upgrade is not automatic and you need to do it manually. However, by using Ledger Live, things become certainly easy as the system guides you through all the steps that you should follow to add all the coins you want to your Ledger Nano X.
Due to the fact that the wallet has the possibility to hold a larger amount of applications, you will be able to see and handle a larger number of coins. This does not mean that you cannot deposit the same coins. It means that you cannot handle the same number of applications.
Considering that the list of supported coins is the same for both wallets, you would not have to be worried about searching for it online. Ledger has a dedicated site for it that works smoothly. You can apply filters and search all the coins you want to know whether they are available on your wallet or not.
If you are a larger investor or an institution, then you should keep reading this guide and get understand what Ledger Blue is.
What is Ledger Blue?
Ledger Blue is an innovative and secure hardware wallet that has been created for enterprise usage. The main goal is to offer larger investors an easy to use and understand hardware wallet that offers them the best protection to hold their coins.
This hardware wallet supports multiple applications and has software that combines the latest enterprise-level solutions with crypto capabilities. Through this lightweight device, companies are able to hold their virtual currencies and use them at any moment they need.
Ledger Blue
The device is larger than traditional hardware wallets such as the Ledger Nano S or Ledger Nano X. In this way, it also includes a larger screen and complex smart contracts. The company has built it on the Block chain Open Ledger Operating System called BOLOS, which is a very flexible platform.
By using the wallet, users are able to add new applications and digital currencies without compromising the master seed. This is why it becomes very useful and secure for those users that want to have their funds protected at all times. As per Ledger, any time of block chain can be supported.
At the moment, there are different firms and companies using this wallet. For example, STMicroelectronics, Stratumn and MONAX, among others. They consider that the wallet allows them to create unique and innovative devices with full system openness.
It is worth taking into consideration that the wallet is also capable of being integrated with other wallets. Some of the wallets include Electrum, Mycelium, Copay, Green Bits, Green Address, MyEtherWallet and many others. This makes it easier for users to handle their virtual currencies and handle their coins.
Ledger Blue Supported Coins
As in the previous sections, Ledger Blue was able to support most of the coins available when it was first launched a few years ago. However, as time passed, the company didn’t provide support for Ledger Blue and focused on Ledger Nano X, which is more advanced than the Ledger Nano S and not as complicated and difficult to produce as the Ledger Blue.
It is worth taking into consideration that some of the largest virtual currencies in the market were supported on the Ledger Blue, including Bitcoin (BTC) or Ethereum (ETH). However, some users reported that some applications were not running properly on this wallet.
Thus, if you want to use a Ledger wallet, the best thing you can do is to buy the Ledger Nano X, which is faster and more advanced than the normal Ledger Nano S. It is worth taking into consideration that there might be new coins supported by Ledger Blue, but this is not confirmed.
Final Words on Ledger Supported Coins
There are several hardware wallets in the market. Ledger Nano S and Ledger Nano X are among the best in the market in terms of coins supported. Both of them are able to handle more than 1,500 assets and different block chain networks.
Ledger Blue shows that the project was very successful at the beginning but Ledger decided to stop offering support to it. Nowadays, the best and most advanced hardware wallet provided by Ledger is the Ledger Nano X.
One thing is clear, Ledger supported coins are the same for both of the flagship devices: Ledger Nano S and Ledger Nano X. Ledger supported coins for the Blue device would be fewer and not as fast and the other devices.