Planning to buy a Ledger Nano S yet not sure how much storage on Ledger Nano S? Then, this write up is definitely for you. It gives you an impartial detail of the wallet’s app and currency storage capability.
Apart from talking about its storage capacity, we will be sharing with you the ideal methods of managing multiple currencies in different approaches.
Let’s get started!
In the recent time, there has been a buzz in the air saying Ledger Nano S allows you to install 18 apps. Let’s assure you - that’s a myth. It won’t be wrong in saying that it might be a planned propaganda by the marketing team of Ledger.
The truth that we have experienced and the others as well is, you can never install more than 7 apps on a Ledger S wallet. Again unfortunately, you are not free to choose the apps’ combination if you decide to install the maximum number of apps or large size of apps.
What should be the perfect combination for installing 3, 4, 6 and 7 apps, is suggested by the official site of Ledger S. Let’s give you an insight of the combination:
Combination for 3 apps:Bitcoin (BTC), Ethereum (ETH) and Tron (TRX)
Combination for 4 apps:Bitcoin (BTC), Stellar (XLM), Cardano (ADA) and ZCash (ZEC)
Combination for 6 apps:Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Stellar (XLM) and Litecoin (LTC)
Combination for 7 apps:Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Ethereum Classic (ETC) and Dash (DASH)
Combination for 7 apps: Don’t like the previous one? Then, make this combination - Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), XRP (XRP), Digibyte (DGB), Monero (XMR) and Komodo (KMD)
So, these were all about the app storage and the ideal combination of apps. You are strictly forbidden to go out the recommendation of our guideline, which is a pure reflection of Ledger’s official site.
Crypto currency storage
Fortunately, the currency storage unlike the app storage isn’t that tiny. You will be glad to learn that the wallet supports 1,100+ different tokens and crypto currencies.
Amid this huge number, only 23 currencies are directly compatible with the Ledger S device. Then, what about the other ones? Those are supported by the third party apps installed by you.
Here follows a list of some of the digital currencies that the Nano S supports:
In short, the offline wallet is an ideal house for most important crypto currencies of the 6,500.
How to handle multiple crypto assets?
If you are a Ledger S user, you must learn the method of managing multiple crypto assets overcoming the comparatively tiny storage issue.
You actually have two options in your hands amid which you can for anyone without hesitation. Here we go!
Installing and uninstalling
Although an utterly disgusting option yet it’s good for you if budget is a major concern. However, in this method, you are required to uninstall the least used crypto app/s and install the most needed one/s.
And, whenever needed, you can again install those uninstalled apps and use them like ever without any kind of security issue.
Having multiple S devices
Buy 2 or 3 or more Nano S devices depending on your necessities. Although you are to spend a huge sum yet your management of currencies will be a breeze.
Don’t worry you won’t have to open a specific account with each wallet. Instead, using the same PIN code and 24 recovery phrases, you can use every wallet to your heart’s content.
How to manage crypto assets more easily and elegantly?
In case you didn’t like any of the two mentioned ideas, you may switch to Ledger Nano X. It’s a uniquely upgraded version of Nano S that allows you to install 100 apps at a time and supports 1,100+ currencies just like the S wallet.
Ans.It’s memory capacity is 16 GB
Ans. Yes, you can. With an OTG cable, you can connect the two but your Android device must have Android 7+ edition
Ans. It can serve your purpose for a minimum of 5 years
Ans. No, unfortunately, it doesn’t offer this mind blowing addition
Ans. Yes, it is pairable with ADA
Before you buy a Nano S wallet, it is your prime duty to learn how much storage on Ledger Nano S. If you are a small investor, then purchasing the Nano S is okay for you but having a Nano X is much better for now and future.