The Ledger Nano S and Ledger Nano X are very popular and safest wallets for securing bitcoins.
When I first ordered the Ledger Nano S last year, I thought it was only used for storing bitcoins. Later, I realized that it supported many other cryptocurrencies as well. And ever since then, knowing that has opened up numerous opportunities for me because it cleared my doubt on how to keep all of them secure.
If you are planning to order a hardware wallet (which I highly recommend), then you should definitely consider what cryptocurrencies that particular wallet supports.
I understand that initially, you may only want to use it to store Bitcoin, but as you start to understand the cryptocurrency world better, you’ll probably want to store other coins too.
For example, Ethereum and BNB are two cryptocurrencies that are super worthwhile investments, and I recommend them to all CoinSutra readers.
Since I got my Ledger wallet, I have invested in many cryptocurrencies, thanks in large part to the robust security of my Ledger device.
And because the world of cryptocurrencies is evolving so quickly, the people behind the Ledger wallet keep adding support for more cryptos. While this alone is not a reason to invest in these supported cryptos, it does give us the incentive to do some more research and figure out why they may or may not be good investments for us.
So without further delay, here is the full list of cryptocurrencies supported by the Ledger Nano S.
The Ledger Hardware Wallet’s Supported Cryptocurrencies
- Bitcoin (BTC): This should go without saying. The Ledger was first designed for holding Bitcoin.
- Bitcoin Cash (BCC): The Ledger was the first hardware wallet that made it easy for Bitcoin holders to get free Bitcoin Cash. Now, you can use their BCH wallet to store Bitcoin Cash.
- Ethereum (ETH): The Ledger supports Ethereum. Ethereum is a solid investment, and it should be a part of your cryptocurrency portfolio.
- Ethereum Classic (ETC): The Ledger also supports Ethereum Classic (ETC). This is a forked version of ETH and you can read more about it here.
- BNB Token: Ledger supports BNB token and all the supported coins on BNB chain.
- Litecoin (LTC): LTC is popularly known as the “silver of cryptocurrencies”. I’m not too bullish on LTC, but having 3-4% in your portfolio is not a bad move.
- Dash (DASH): I met the Dash team when I visited the Bitcoin Miami event. I feel Dash has a great future considering they have a really strong team, great marketing, and most importantly, a usable currency. I would suggest that 20-25% of your portfolio is reserved for Dash.
- Dogecoin (DOGE): On a Ledger wallet, you can store Dogecoin as well. I’m not certain about the future of Dogecoin, so my stance is not to buy. If something changes, I will write a post about it.
- Digibyte
- Zcash (ZEC): Zcash is a privacy-based cryptocurrency and is loved by many. It’s a decent investment, but I wouldn’t put more than 4% in my portfolio.
- Ripple (XRP): For those who are looking to hold Ripple long term, the Ledger is an ideal choice. They added support in mid-2017, and now, I believe it’s one of the best wallets for holding Ripple.
- Stratis (STRAT): Stratis is a strong cryptocurrency with a great development team and a bright future.
- Komodo (KMD): Ledger added support for Komodo recently, and Komodo is doing some awesome work. A crypto you should hold for long term.
- PoSW
- ARK
- Ubiq
- Expanse (EXP)
- PIVX
- Vertcoin
- Viacoin
- Stealthcoin (XST)
- Steller
- NEO (Works with NEON Wallet and supports GAS too)
- Bitcoin Gold
- Cardano (ADA)
Update: Now there are more than 5500+ cryptocurrencies/tokens right now supported by Ledger Nano S & Ledger X.
Also, Ethereum tokens (ERC20 tokens) can now be managed using the Ledger Live app.
If you are a long-term HODLer, then my suggestion for you is to buy the Ledger Nano X and put your bitcoins on it. Moreover, if you are in a country where you can buy Dash, ETH, LTC, or other cryptos directly, then you should definitely secure them with a hardware wallet like the Ledger.
And if you don’t have direct access to these altcoins, then you can use Changelly, which is the simplest and fastest way to exchange Bitcoin into other cryptos.
I have used it multiple times and have had no issues with it. You can read about my experience of using Changelly here.
You can order Ledger from the official site using the below link:
I will keep updating this list as Ledger keeps increasing its support for new cryptocurrencies. For now, you should check out the below YouTube playlist from our channel. This will help you to understand how to use the Ledger wallet as well as many important tips and tricks:
If you enjoyed reading this, here are a few more guides that you may like:
- The Top 5 Best Bitcoin Wallets That You Should Use For Storing BTC
- Best Multi-Signature Bitcoin Wallets [latest Edition]
- What Does Fork Mean In Cryptocurrency?
Great article, many thanks!
Have you heard: Google is about to get rid of Chrome applications (June 2018). Any idea how this will effect the ledger. This would make an interesting article, too, no?
Source: https://trello.com/c/mf0aFgDK/28-chrome-applications-end-of-life
I too heard that but Ledger Will provide other applications so need not worry. Also you have your seeds of LEdger so you can restore your wallet somewhere else if there is a need..
Why do you says you are not sure of the future of doge coin? The article seems quite recent and i dont quite get your reason. Thanks
Hi Sudhir,
I tried installing Ledger Manager and it shows an error saying “could not move extension directory into profile”. How do I fix it? Do I only use the ledger manager if i have other altcoins aside from BTC?
That’s a chrome specific issue. Use this to troubleshoot or do some google queries.
Hi,
Are you able to tell me what wallets I can use to store GBC – these can be used in the interim with a view to moving to a cold wallet. Also, what exchange is best for trading with this.
Any information on this will be appreciated.
I don’t have idea wallet and neither could find it out. This is so unknown shitcoin.
Markets you can see here.
Hi! Great site. I keep seeing that TRX can be stored on the Nano via MyEtherWallet since it’s an Eth token. Could you pls explain how exactly that would work? For example, if i’m already storing ETH on the NANO S on one particular ETH address, would I simply send TRX to that NANO ETH address? I would then go to MyEtherWallet and copy and paste the NANO address into the explorer to be able to see the ERC20 tokens??
Thanks for the help!
Yes send to ETH nano S address
Then use MEW to see your NANO addresses you will be able to see you tokens in the MEW token section.
Hi ! . i want to store my (DENT) coin in ledger s wallet will it support or not
It is an ERC20 token, it is supported by Ledger.
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Have you tried to load NEO onto the ledger nano S? When I do, it gives me the message “Waking up NEO” and just stops there. Can’t get it to work. I’ve downloaded many other coins onto the Ledger. This has been my only problem one
would it support stellar xlm?
Maybe but I can’t tell that.
I have some BTC and ETH on Gemini. We all know it is unsafe to store crypto on servers, so I am looking at software vs paper vs hardware wallet now. However, how long does it take to transfer crypto from wallet (no matter which kind) back to the exchange? I fear I will miss a trade.
10-60 mints for BTC
and few minutes for ETH but both depends upon the respective load on the blockchain
How many currencies can I send to the same eth address? I participate in many bounty programs and receive different coins in return. Should I be using separate eth addresses or is the same one fine?
You can use the same address for many ERC20 bounties. Adviced to use one as you will be required to take care of one private key only this way.
Please help me understand crypto currency
start from blog post #1 and you will be able to get started very easily. Also, subscribe to our newsletter which makes the journey really short.