Nano Ledger S Supported Coins Question

[jerry0]

So I have some coins in binance that I want to send to my nano ledger s.  I also have some coins in my own wallet like the waves wallet that I kept there since back then, there was no waves wallet in the nano ledger s but now it seems there are.



So the coins I want to know about are


Powerledger
Waves
BNB
USDT



I checked nano ledger site and it seems you can send BNB to your nano ledger s.  Can someone confirm this?



Now... what if you have usdt in binance?  I don't at the moment but considering selling some altcoin for it on binance.  Because i always thought usdt is like usd in a way except its digital dollar and not fiat like say the dollar on coinbase or gemini.  If you have usdt in binance... could you send usdt to your hardware wallet?  Or is usdt only available in an exchange?  What about something like usdc which is a stable coin?



Also I have waves but I keep them in my waves wallet on the computer as oppose to an exchange. 



I recall people mentioned you need to use one of those erc wallets combined with the nano ledger s... for this.  Is that accurate?  So I would need a myetherwallet account with powerledger in order to use it together with the nano ledger?  I'm confused by this since well that is an online wallet... which isn't safe... but if you use it with the nano ledger... it is?  But i heard cases of myetherwallet hacked etc.  So does using your nano ledger s with it... prevent all this from happening or not?


With waves... i know i get staking rewards since i lease waves in the waves wallet.  But if i use it with the nano ledger s... do i still get the same staking rewards?  So when you use waves with the nano ledger s... where are you waves coin?  Like is it in the blockchain in nano ledger or the waves wallet?  Because i know if you keep it in a hardware wallet like nano ledger s... its much safer than a wallet like electrum or waves since those are hot wallets as oppose to cold wallets.  I'm confused by this because does that mean my waves phrase is no more use if i use it with the nano ledger s then?  Example i use it with the nano ledger s... then say i use another computer and try to restore my waves wallet with my waves phrase.  Would that work or not?

[Charles-Tim]

This question is more about altcoins, but likely will be accepted in hardware wallet board. Move this thread to hardware wallet board.

https://bitcointalk.org/index.php?board=261.0

So the coins I want to know about are

Powerledger
Waves
BNB
USDT

I screenshot the images below right from the ledger wallet company from the crypto assets they are supporting in which they support Waves, BNB and USDt and through the ERC-20, Powerledger is also ERC-20 token which means it supports it. You can check the link below to know the crypto assets supported by ledger. The link is directly from ledger website.

          


https://www.ledger.com/supported-crypto-assets

I checked nano ledger site and it seems you can send BNB to your nano ledger s.  Can someone confirm this?

Yes.

Now... what if you have usdt in binance?  I don't at the moment but considering selling some altcoin for it on binance.  Because i always thought usdt is like usd in a way except its digital dollar and not fiat like say the dollar on coinbase or gemini.  If you have usdt in binance... could you send usdt to your hardware wallet?  Or is usdt only available in an exchange?  What about something like usdc which is a stable coin?

Follow the link provided above to know all this. Ledger Nano S support USCD also. You call also send USDt from your USDt binance address to its USDt ERC-20 address on ledger nano S, but make sure it is ERC-20 which starts with 0x-prefix addresses.

I recall people mentioned you need to use one of those erc wallets combined with the nano ledger s... for this.  Is that accurate?

Using electrum for it can work accurately as the hardware wallet extension, but using ERC-20 wallet like myetherwallet will also work.

So I would need a myetherwallet account with powerledger in order to use it together with the nano ledger?

As the wallet extension, yes. But, no necessary, you can also use ledger live or electrum as the wallet extension to access the supported crypto assets.

I'm confused by this since well that is an online wallet... which isn't safe... but if you use it with the nano ledger... it is?

Normally, you should protect the wallet extension used from malware, but know that the privates keys of the crypto assets stored on hardware wallet are on the hardware wallets, not the wallet extension, which means the private keys are offline. But, I will recommend electrum to be used with ledger nano.

But i heard cases of myetherwallet hacked etc.  So does using your nano ledger s with it... prevent all this from happening or not?

The private key stored on ledger nano are offline, also hardware wallets are not online always like myetherwallet, although very possible for malware attack during transactions, but safe while not making transactions. That is why we need to protect both the hardware wallet and the wallet used to operate it.

With waves... i know i get staking rewards since i lease waves in the waves wallet.  But if i use it with the nano ledger s... do i still get the same staking rewards?

So when you use waves with the nano ledger s... where are you waves coin?

On the blockchain, but Ledger nano wallet has the keys to unlock the token on its blockchain.

I'm confused by this because does that mean my waves phrase is no more use if i use it with the nano ledger s then? 

You sent the coin from Wave to Ledger nano, no that you export and import any seed phrase.

Example i use it with the nano ledger s... then say i use another computer and try to restore my waves wallet with my waves phrase.  Would that work or not?

It will work with your wave wallet. But, the hardware wallet has its own seed phrase.

[bitmover]

Just to add some info and make a TLDR of Charles-Tim answer:

Ledger nano supports 27 coins and more than 1500 tokens.

most of the altcoins you asked are tokens (USDT, USDC). THere is nothing to worry about.

You can use those tokens in Ledger Live (device native software) or using third party software (MyEtherWallet, electrum for bitcoin, or any other you like).

Ledger Nano is a very good wallet, I use it for years and I have no complains. It will supports all tokens/coins you need. it is very secure and wont' be hacked. You wont'need any other wallet.

[Chikito]

Look yes, you can send bnb and also waves from ledger wallet.



Ledger is hardware wallet means cold wallet, staking need to be online, so I'm assuming you can't use your ledger to staking waves.

[Lucius]

So I have some coins in binance that I want to send to my nano ledger s.  I also have some coins in my own wallet like the waves wallet that I kept there since back then, there was no waves wallet in the nano ledger s but now it seems there are.

After years and hundreds of pages in which everything is explained to you in detail, you repeat the same questions - what is your real problem, why don't you try to understand the most basic things?

I have altcoins like waves.  I use the wave clilent on my laptop to keep coins there.  Then i found out that the nano ledger s supports waves and many other altcoins which surprised me because there are so many altcoins they support now. 

Is it pretty simple to setup the waves wallet on nano ledger s and have the waves sent to it?  Also when you do this, always do a tiny amount transfer first from waves wallet to nano ledger s just in case right?

So i haven't used my nano ledger s for quite a bit. I noticed recently that the nano ledger s supports many altcoins now where it didn't use to back then.  Back then i had altcoins but didn't send it to nano ledger s because they didn't support it. 

But now, it seems like it supports a huge list... how did this happen?  Was it recent or how long ago?  I knew the nano ledger s supported more altcoins than most hardware wallets but back then i thought, well certain coins i want it still doesn't support.

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?

Lest anyone misunderstand me, I don't mind helping someone, on the contrary - but this way of communication really doesn't make sense - the same questions and the same answers have been leading nowhere for years...

[bitmover]

Lest anyone misunderstand me, I don't mind helping someone, on the contrary - but this way of communication really doesn't make sense - the same questions and the same answers have been leading nowhere for years...

New spamming method?
This is so crazy. 3 years asking the same questions

Repeating basic questions pretending to be a newbie made he earned a few merits ( i just gave him one, I though he was legit.)

[Pmalek]

Powerledger
Waves
BNB
USDT

Powerledger and USDT are natively supported on Ledger Live. For Waves and BNB, you have to use third party wallets and connect those to your Ledger wallet. When you make transactions, you do it through the third party wallets, but everything has to be checked and verified on the screen of your hardware wallet. The private keys are also stored on your hardware wallet. 

Now... what if you have usdt in binance? If you have usdt in binance... could you send usdt to your hardware wallet?  Or is usdt only available in an exchange? 

USDT is a token that you can send over the Ethereum or Tron blockchain. To send it to your Ledger, you need to generate an Ethereum or Tron account. You use the same Ethereum address for ether as you do for ERC-20 USDT. Same thing for Tron. You send it to to your Tron address if you want the TRC-20 variant. To save on transaction fees, it is recommended to use the Tron network (free withdrawals). When you initiate a withdrawal from Binance, it will let you select which network to use to withdraw your USDT (OMNI, Ethereum, or Tron).   

[jerry0]

So right now I have to withdraw powerledger to the nano ledger.  Reason being I have powerledger in an exchange and just kept it there for a while.  Now when i go and withdraw powerledger in an exchange, it shows the fee to be paid is in powerledger.  So one doesn't need ETH to withdraw right?  It also ask me to choose which withdraw network... but only one in dropdown menu is ETH.



So install the powerledger app on nano ledger and thats all right?  Then get the receive address and thats all?  Do i need to use other wallet like myetherwallet with it?  The thing is i know powerledger is an ERC token as i read this. 



I also have a tiny bit of BNB coin i want to withdraw from that exchange as well.  Someone said i need to use a third party wallet along with the nano ledger?  So which wallet is that?

[Pmalek]

Power Ledger is an Ethereum-based ERC20 token. When you withdraw it from an exchange, it doesn't require that you pay gas fees in ether. It will just deduct whatever is required in POWR. You need to send it to your ETH address in Ledger Live. That's where all ERC20 tokens go and you should select to withdraw using the Ethereum network. Once they are on your Ledger and you want to move them somewhere else, you are going to need ether to pay the network fees.

There is no Power Ledger app. Like I said, the token goes into your Ethereum account. You only need to have the Ethereum app installed on your Nano S. You don't need any other third party wallets.

BNB is not supported by Ledger at all. At the moment you can't store those coins on a Ledger hardware wallet. Just leave them where they are or look for alternative wallets if you don't want to keep them on an exchange.

[Maus0728]

I also have a tiny bit of BNB coin i want to withdraw from that exchange as well.  Someone said i need to use a third party wallet along with the nano ledger?  So which wallet is that?

You can create a metamask wallet account by using the "Connect Hardware Wallet" and then add a new RPC for "Binance Smart Chain Network" in your metamask while the ETH App in your Ledger device is open.

This will create an address where you can use to deposit your BNB from the exchange you are using. The link below describes the process of adding BSC network to your metamask.

[1] https://coincentral.com/binance-smart-chain-guide/

[o_e_l_e_o]

BNB is not supported by Ledger at all. At the moment you can't store those coins on a Ledger hardware wallet.

You can, it's just that you have to interact with them via the Binance DEX rather than via Ledger Live or any other wallet software you download to computer, much like you would with Ledger wallets and MEW.

There are guides on how to do this here:
https://support.ledger.com/hc/en-us/articles/360021894733-Binance-Chain-BNB
https://www.binance.org/static/guides/DEX-Ledger-Documentation.html

[Pmalek]

You can, it's just that you have to interact with them via the Binance DEX rather than via Ledger Live or any other wallet software you download to computer, much like you would with Ledger wallets and MEW.

My mistake. I overlooked that part. I checked the supported crypto assets on Ledger's website and noticed that it said that Binance Coin is not yet supported on Ledger Live. Underneath, there is just a link to Binance.org. I thought it was just a suggestion on where to go to buy or store the coin.

With some other assets that are not yet natively supported by Ledger Live, like Monero, they provide a direct link to an alternative wallet. This is the first time I see just the name of an exchange. But it makes sense because at the bottom of the same site, there are links to all the various Binance Chain wallets that exist.           

[jerry0]

is there a way to see the entire nano ledger s coin supported list online?  But also how much kb each program uses and whether its supported by ledger live or require third party software?  im talking about when you have your nano ledger connected to the windows pc and click on manager and then you see all the coins and how much kb there are.


Also, i got to assume some ppl here store like 7 coins or more in the nano ledger s as long as it isn't those ETH coins?  Because btc takes a good amount of kb, but tons of other apps like bch, btg, dash and many others are only two kb?  So someone who doesn't have cardano, eth or those other coins, could even tons of apps installed?  Because most people say they have max three apps installed on nano s but thats because its always some combination of btc and eth or btc and some other coin with lot of kb?

[Chikito]

is there a way to see the entire nano ledger s coin supported list online?  But also how much kb each program uses and whether its supported by ledger live or require third party software?  im talking about when you have your nano ledger connected to the windows pc and click on manager and then you see all the coins and how much kb there are.


Also, i got to assume some ppl here store like 7 coins or more in the nano ledger s as long as it isn't those ETH coins?  Because btc takes a good amount of kb, but tons of other apps like bch, btg, dash and many others are only two kb?  So someone who doesn't have cardano, eth or those other coins, could even tons of apps installed?  Because most people say they have max three apps installed on nano s but thats because its always some combination of btc and eth or btc and some other coin with lot of kb?

I heard about ledger nano s + with high capacity than nano s (with up to over 5000 tokens and Up to 100 applications), this is a solution if you still like the appearance same with Nano s but need to upgrade the capacity. Also, if you really like to keep a lot of tokens, for security reasons, I suggest you buy another ledger and spilt it. I don't know,  how dizzy you managed the tokens in only 1 Ledger Nano S.

[o_e_l_e_o]

is there a way to see the entire nano ledger s coin supported list online?

As has been answered above: https://www.ledger.com/supported-crypto-assets

But also how much kb each program uses and whether its supported by ledger live or require third party software?

For the size - no. There are too many possible combinations for any list to be accurate. Since many coins are forked from other coins, then the size that any one app will require will depend on what other apps are already installed. If you have bitcoin installed, then any fork of bitcoin will be relatively small since it can already pull on all of bitcoin's libraries. If you don't have bitcoin installed, then any fork of bitcoin will be much larger since it needs to install all those libraries.

The link above lists some third party wallets such as Electrum, but the list is far from complete.

[jerry0]

Thanks. 


But the apps won't show much kb because that could change correct?  Because last btc app increase in kb right?  But all the other cons like bch an btg seem to be the same 2 kb?  Also dash and many of the other apps seem to always be 2 kb?


There is a way to find out which apps has in crease or decrease in kb through each on history?  So someone could have even have 0 apps on their nano ledger s correct if its btc an other 2 kb apps??

[o_e_l_e_o]

But the apps won't show much kb because that could change correct?

Correct. It depends entirely on what other apps you have installed.

But all the other cons like bch an btg seem to be the same 2 kb?  Also dash and many of the other apps seem to always be 2 kb?

BCash and BTG are forks of Bitcoin. Dash is a fork of Litecoin, which is a fork of Bitcoin. Therefore, the apps for all these altcoins share a large amount of code with the app for bitcoin. Therefore, if you have the bitcoin app installed, then all these apps are only a few kb each. If you were to uninstall everything and just install BTG, for example, then it would be much larger because it couldn't draw on the already installed bitcoin app for large amounts of its code.

There is a way to find out which apps has in crease or decrease in kb through each on history?

Not as far as I know, without simply experimenting and installing different combinations.

Don't see why you are getting hung up on this though when it takes 10 seconds to swap apps around. If you really need to have a bunch of apps for worthless alts all installed at once, then buy a X or S Plus.

[Pmalek]

Since many coins are forked from other coins, then the size that any one app will require will depend on what other apps are already installed. If you have bitcoin installed, then any fork of bitcoin will be relatively small since it can already pull on all of bitcoin's libraries. If you don't have bitcoin installed, then any fork of bitcoin will be much larger since it needs to install all those libraries.

The thing is, you can't just have the BTG app, for example. You need the BTC app as well. Ledger has standalone and dependent apps. In this particular example, BTC is the standalone app and it contains all the code to function on its own. BTG doesn't and relies on its standalone app (Bitcoin). Only installing BTG won't allow you to carry out transactions without the BTC app as well.

USDT is another interesting example. Since it's a token mostly used on TRON's or Ethereum's blockchain, you are going to need the standalone ETH or TRON app as well. You need its codebase plus the fees are paid in either ETH or TRX. Your USDT won't even be visible in Ledger Live's portfolio if your Tron address isn't funded with some TRX as well.