Nano Ledger S, How Many Wallets Can I Install At Once and Compatibility?

[jerry0]

At the moment, i have bitcoin, bitcoin cash and bitcoin gold installed.  Back then i recalled there was a limit to how many apps you can have installed at once.  Is it still the same now?  So for example if you want to have 8 apps installed... say waves, and a few other coins... can you do that or not?  Or you have to remove the other coins?


Also i saw they have binance chain as an app there.  I checked online but that is basically binance coin?  Thus BNB?  So if you have binance coin kept on binance, you can send it to your nano ledger s?



Also I asked this previously.  But there is waves and powerledger which i have.  I use a wallets wallet for waves... power ledger, i keep it on exchange.  But if i want to keep waves and powerledger in my nano ledger s, i download both apps.  But i have to use myetherwallet with powerledger together in order to keep it in nano ledger s?  So that means my power ledger would be kept in my nano ledger s?  That way if you click on fake my etherwallet, you are still safe?



What about waves?  I keep my waves in the waves new client wallet.  There is of course the private key for it incase if i have to install the wallet again.  I read you have to use waves wallet together with nano ledger s and thats the only way correct?  So if you do, does that mean your waves are in your nano ledger s and the waves client would be like a watching wallet or something like that?  Someone told me you could use nano ledger s with electrum and use it that way and it would be like a watching wallet in electrum.



So that would mean the waves would be in the nano ledger s?  So if someone has my private key for my waves wallet, can they still get my waves?  Or not because its in my nano ledger s?

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[Rath_]

At the moment, i have bitcoin, bitcoin cash and bitcoin gold installed.  Back then i recalled there was a limit to how many apps you can have installed at once.  Is it still the same now?  So for example if you want to have 8 apps installed... say waves, and a few other coins... can you do that or not?  Or you have to remove the other coins?

Yes, there is still a limit. According to this reddit post, you can have up to 18 Bitcoin-based apps at one time or 2-3 standalone apps. Uninstalling apps won't delete your coins. You will have to install the app again in case you need to access your coins. If you are tired of such limitation then buy a Ledger Nano X. It has way bigger memory.

Also i saw they have binance chain as an app there.  I checked online but that is basically binance coin?  Thus BNB?  So if you have binance coin kept on binance, you can send it to your nano ledger s?

It is a Binance Coin. You can access your wallet by going to this website.

Also I asked this previously.  But there is waves and powerledger which i have.  I use a wallets wallet for waves... power ledger, i keep it on exchange.  But if i want to keep waves and powerledger in my nano ledger s, i download both apps.  But i have to use myetherwallet with powerledger together in order to keep it in nano ledger s?  So that means my power ledger would be kept in my nano ledger s?  That way if you click on fake my etherwallet, you are still safe?

You don't have to keep the apps in order to preserve coins. If you click on a fake MEW website, you should be safe as long as you check the built-in screen while sending a transaction.

What about waves?  I keep my waves in the waves new client wallet.  There is of course the private key for it incase if i have to install the wallet again.  I read you have to use waves wallet together with nano ledger s and thats the only way correct?  So if you do, does that mean your waves are in your nano ledger s and the waves client would be like a watching wallet or something like that?  Someone told me you could use nano ledger s with electrum and use it that way and it would be like a watching wallet in electrum.

Both Waves client and Electrum will act as watch-only wallets if you don't connect your hardware wallet. You have to connect the device in order to spend coins.

So that would mean the waves would be in the nano ledger s?  So if someone has my private key for my waves wallet, can they still get my waves?  Or not because its in my nano ledger s?

Your private key never leaves your wallet. Even if the wallet is compromised, your funds won't be stolen unless you don't check the built-in screen while sending a transaction.

[o_e_l_e_o]

BitCryptex has given you great answers to your specific questions, but you seem to have a general misunderstanding which is worth addressing:

to keep it in nano ledger s?
...
are in your nano ledger s
...
would be in the nano ledger s?

Coins are never stored in your hardware wallet. They aren't really stored anywhere. Your hardware wallet only stores your private keys. Your private keys are linked to a corresponding set of public keys, which are linked to a corresponding set of addresses. The blockchain records how much of a coin is stored at each specific address. When you send coins "to your Ledger", all you are doing in reality is telling the blockchain that the coins are now at one of the addresses associated with one of the private keys stored within your Ledger.

If someone had access to your private keys, they would be able to transfer (steal) all your coins. The idea behind a hardware wallet is that the private key never leaves the device, and the signing that needs to take place to make a transaction takes place within the secure element of the device. Connecting your hardware wallet to a infected device, fake MEW, etc. will not compromise your keys. It could, however, generate fake transactions, but these could not be signed without you first confirming them on the screen, so as long as you are vigilante, your funds are safe.

There's a deeper explanation of this here: https://www.ledger.com/back-to-basics-part-1where-are-my-coins/

[jerry0]

Okay but how many wallets can you use and keep them at once?


Example you downloaded these wallets


bitcoin
bitcoin cash
bitcoin gold
lisk
waves
powerledger
neo
litecoin
eth



But let say you own bitcoin, bitcoin cash, bitcoin gold, lisk, waves, neo, litecoin.  You then send coins from exchange to these wallets.  But can you access all these coin wallets whenever you want?  Or you need to delete one of them and then install another one? 


Example now you only have bitcoin and bitcoin cash installed on your nano ledger.  You have these 2 coins.  Now you want to add waves, lisk, litecoin.  You can download these 3 wallets so now you have total of 5 wallets on your nano ledger s.  Now you want to send waves, lisk and litecoin from exchange to your nano ledger s.  Can you do this or not?  Because if you do, now you have 5 total coins?  Or you have to uninstall one of the wallets each time you want to send/receive another coin because of the limit?  Like if i have 6 total wallets and 6 total coins i own in these wallets.  But everytime i want to send bitcoin for example, i need to delete a few of the other wallets because of the limit?


If you use waves wallet with nano ledger s... waves wallet will act as the watching wallet.  So that would mean anyone that has your waves wallet 12 word phrase... that is completely useless?  Since the waves is used with the nano ledger s?  Thus you move waves to nano ledger s... now your waves phrase is no use? 

[bitmover]

Okay but how many wallets can you use and keep them at once?

You can have as many wallets as you want, and you will keep them all at once.

But let say you own bitcoin, bitcoin cash, bitcoin gold, lisk, waves, neo, litecoin.  You then send coins from exchange to these wallets.  But can you access all these coin wallets whenever you want?  Or you need to delete one of them and then install another one?  

Yes ,  you canacesss them whenever you want. You just need to delete one of themand install another, it takes literally 5 seconds.

I don't know why people make such a big deal for those 5 seconds.

Install/uninstall  will not affect your funds. It is a very fast and easy process. And you won't be managing your access a lot(if you are, you are doing something wrong. )

But everytime i want to send bitcoin for example, i need to delete a few of the other wallets because of the limit?

If you send Bitcoin a lot, just keep it installed

If you use waves wallet with nano ledger s... waves wallet will act as the watching wallet.  So that would mean anyone that has your waves wallet 12 word phrase... that is completely useless?  Since the waves is used with the nano ledger s?  Thus you move waves to nano ledger s... now your waves phrase is no use?  

Never give your seed to anyone. Nobody should have your words. All of your wallets /coins will share the same seed.

Anno waves is not watching only.

[jerry0]

Wait there is no limit to wallets you can download?  I thought there was limit?


Okay let say i own 2 coins now.  Bitcoin and bitcoin cash.  I have those wallets installed.  Now i download bitcoin gold, litecoin, waves.  No problem there.  But when i send from exchange to nano ledger s, there is no problem receiving with each one correct?


So now i have a total of 5 wallets and each wallet has coins.  Now let say i want to send btc.  I have to delete how many wallets before i send btc?  1 wallet or 2 wallet?  What is max number of wallet apps i can have installed at once... when i want to send a coin?  So i have to delete say waves wallet?  Then once im done sending bitcoin, just install the waves wallet again and now i have 5 wallets?  Then next time i want to send say waves, uninstall like litecoin first?  Then after i sent waves, install litecoin wallet back again?  Is that what you mean by this?  By when receiving a coin, do you need to do this each time? 


The thing is if you have like 10 different apps installed, wouldn't that mean you have to delete at least 5 of the apps each time you send?  What about receive?  But only if all these 10 apps have coins?  What if 10 apps... only 6 have coins?


So if you use waves wallet together with your nano ledger s... does your waves wallet seed matter anymore or not?   Because if you are using waves wallet with nano ledger s, wouldn't that mean your waves wallet seed mean nothing anymore?  Wait waves wallet is not watching only... but electrum is?  So that means if you use waves wallet with nano ledger s, what is the purpose of it if its not watching only?  I was told watching only means you can only look at it, but not send coins... but this was with electrum.

[bitmover]

Wait there is no limit to wallets you can download?  I thought there was limit?

No. You can install/uninstall how many times you want.

Okay let say i own 2 coins now.  Bitcoin and bitcoin cash.  I have those wallets installed.  Now i download bitcoin gold, litecoin, waves.  No problem there.  But when i send from exchange to nano ledger s, there is no problem receiving with each one correct?

You don't even need ledger nano to receive coins. You may lose the device and it doesn't matter, you just need the seed to recover the coins later on any other wallet

So yes you don't need anything installed to receive

The thing is if you have like 10 different apps installed, wouldn't that mean you have to delete at least 5 of the apps each time you send?  What about receive?  But only if all these 10 apps have coins?  What if 10 apps... only 6 have coins?

It doesn't matter the balance. You can only have 3 apps installed. What is so hard to understand here?
So your first sentence here is wrong, you can't have 10 apps installed.

So if you use waves wallet together with your nano ledger s... does your waves wallet seed matter anymore or not?   Because if you are using waves wallet with nano ledger s, wouldn't that mean your waves wallet seed mean nothing anymore?  Wait waves wallet is not watching only... but electrum is?  So that means if you use waves wallet with nano ledger s, what is the purpose of it if its not watching only?  I was told watching only means you can only look at it, but not send coins... but this was with electrum.

Watching only means you don't have the private key. You can create a watching only wallet of whatever coin you wish, it just means the funds are not yours.

If you have a watching only wallet you were scammed.
People use watch only wallets just to keep track on their balance on unsafe devices . This has nothing to do with waves, Electrum or ledger nano.

I suggest that you read more and write less.

[HCP]

You don't need to have apps "installed" on the device to actually receive coins... as your device doesn't need to be on or connected to receive coins... the network has no idea if your device is plugged in!

You only need to have a specific coin app installed on the device if you want to:
- add an account for that coin into Ledger Live
- verify your receive address (you can still "see" your receive addresses in Ledger Live) for that coin
- send those coins

So, you can install a coin app on your Nano S, then create the accounts that you want in Ledger Live, then remove that coin app from your Nano S. You will still be able to see your receive address for that coin.

NOTE: Removing the coin app from your Nano S device DOES NOT remove the coin account from within Ledger Live.

[Pmalek]

Like others have said you don't need to have a specific application installed until the moment you need to use it for sending or requesting new receiving addresses. Nothing will happen to your coins, don't worry so much!

Think of the Ledger apps as just a way to view your portfolio.
You can install the Waves app to get your receiving address, you can then uninstall the Waves app from Ledger Live and this will in no way influence your ability to receive Waves on the address you just created. It will just not be visible in your portfolio until you install the app again. And it is the same for every other app.

If you want to send Waves to an exchange you would need to install the Waves app again to initiate the transaction. When you are not sending/receiving coins the apps don't even have to be installed. And again this will not affect your balance in any way. 

[The Sceptical Chymist]

I suggest that you read more and write less.

That's always a good suggestion, though I can sympathize with his confusion--somewhat.  I had to ask a question here about being able to install the doge app after having some problems.  But it didn't take me long to figure this out after playing around with my Ledger and reading a bit about it:

Coins are never stored in your hardware wallet.

It would be nice if the device had more space on it to have room for more apps, but I'm aware that this isn't necessary in order to store whatever coins you own.  Had I done more research before buying, I probably would have chosen the Ledger Nano X, but I'm still happy with the S model.

You can install the Waves app to get your receiving address, you can then uninstall the Waves app from Ledger Live and this will in no way influence your ability to receive Waves on the address you just created.   

That was a bit confusing to me at first, as I'd never used a Ledger or any other hardware wallet before.  You guys who answered my question in my thread and OP's here are fantastic.  Merits all around!

[Rath_]

It would be nice if the device had more space on it to have room for more apps, but I'm aware that this isn't necessary in order to store whatever coins you own.  Had I done more research before buying, I probably would have chosen the Ledger Nano X, but I'm still happy with the S model.

The Nano S used to fit more apps in the past but due to the latest update, the capacity decreased significantly. Ledger claims that it was an accident and it should be fixed in the next update as promised while others think that it is a planned obsolescence. Why did you choose Ledger instead of Trezor? If you don't want to derail the thread then it would be great if you could message me.

[bitmover]

. Why did you choose Ledger instead of Trezor? If you don't want to derail the thread then it would be great if you could message me.

When I bought ledger, it was easier because they deliver anywhere in the world and trezor didn't at the time.

I read also more people with problems losing coins with trezor, and never saw a case with ledger (i believe it may exist, but I am not aware).

However, ledger is not full open source and trezor is.

And really, this whole idea about space doesn't make any difference. I open my ledger like 5 times a year.

[dkbit98]

It would be nice if the device had more space on it to have room for more apps, but I'm aware that this isn't necessary in order to store whatever coins you own.  Had I done more research before buying, I probably would have chosen the Ledger Nano X, but I'm still happy with the S model.

The Nano S used to fit more apps in the past but due to the latest update, the capacity decreased significantly. Ledger claims that it was an accident and it should be fixed in the next update as promised while others think that it is a planned obsolescence. Why did you choose Ledger instead of Trezor? If you don't want to derail the thread then it would be great if you could message me.

This is so stupid from Ledger! I have no words to describe.

I only had installed Bitcoin and Ethereum app on Ledger Nano S.
After Last updated I wanted to install PGP app so I can sign a message.
I had NO SPACE error...
So I had to uninstall ETH app to install PGP...

 

[joniboini]

I had NO SPACE error...
So I had to uninstall ETH app to install PGP...

Happened to me. Need to uninstall an app to use the other, and the cycle repeats. I'll probably grab a Ledger X soon if this annoying problem continues. I'd really love to see an update which decreases the space used by Ledger S but it seems that's not going to happen.

[Pmalek]

I only had installed Bitcoin and Ethereum app on Ledger Nano S.
After Last updated I wanted to install PGP app so I can sign a message.
I had NO SPACE error...
So I had to uninstall ETH app to install PGP...

 

Try and compare the versions of your installed apps on your Ledger device to those displayed in Ledger Live. Maybe you have old versions of them. As far as I know they reduced the size of the Ethereum app, probably the Bitcoin app as well.

[HCP]

Probably because the OpenPGP app is only available in "Developer mode"... I suspect that as it isn't related to the coins, hasn't been a focus of optimisation and, as such, it might be quite a large app...

I vaguely remember attempting to install it months and months ago (before the update(s) that caused the space issues) when I was trying out all the different stuff (OpenPGP and FIDO U2F etc)... and I had issues with it being large.