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August 05, 2021

If you have made up a mind to buy a Ledger Nano S soon yet not sure what coins are supported by this amazing digital wallet then this following write up is undoubtedly for you.

Below we will be introducing you to all the major coins supported by the Nano S. Under every coin, you will have decent information about that with current market value. Let’s begin!

What Coins Are Supported By Ledger Nano S?  

Bitcoin (BTC)

The first decentralized cryptocurrency of the world that is essentially a computer file. You can store the coin either in your computer or in a digital wallet like Ledger Nano S. 

Whenever you make a transaction of your bitcoin, the record is saved in the blockchain, that is basically a public list.

Currently, 1 BTC is equal to 38,629.00 USD.

Bitcoin Cash (BCH)

Although bitcoin maintains a huge fan base and users all over the world, yet we must say that it has some limitations.

The crypto is limited by transaction processing time. It is a crucial issue that has already caused rifts between factions within the bitcoin developing and mining communities. 

To solve the issue, Bitcoin Cash was launched by bitcoin miners and developers being concerned about the future. When the bitcoin blocks are limited to 1 MB only, BCH blocks are up to 32 MB. 

Currently, 1 BCH is equal to 531.45 USD. 

Ethereum (ETH)

To compete with bitcoin if there is any other similar digital asset available in the world that is none other than Ethereum. By market capitalization, it is considered the world's second most influential cryptocurrency. 

Just like bitcoin it is also a software platform that bases on blockchain. 

Currently, 1 ETH is equal to 2493.08 USD. 

Ripple (XRP) 

To many it is simply XRP, a cryptocurrency developed by the Ripple labs for its products. The products include the remittance systems, asset exchange and payment settlement. There are many well-known banks in the world that are adopting the XRP payment system.

Unlike bitcoin's transaction confirmation, the transaction confirmation of XRP is not only time-saving but also costs far less. But we must say that unlike many other crypto currencies, XRP is way riskier and difficult to find.

Currently, 1 Ripple XRP is equal to 0.742 USD

USD Tether (ERC20) (USDT)

Tether is the most widely integrated digital-to-fiat currency today. It is another popular crypto currency to convert your cash to digital currency for anchoring the value to the price of national currencies such as USD, Euro etc. 

The platform is said to be built on an open blockchain technology. It promises you to offer a world class security meeting all the international standards and compliance regulations. 

Currently, 1 Tether is equal to 1 USD

Litecoin (LTC)

Litecoin is a peer-to-peer Internet currency that enables you to make payments instantly for almost zero cost to anyone living in any part of the world.

It is, in short, an open source global payment network, which is completely decentralized without any central authorities. 

Mathematics secures the network and empowers you to control your own finances. The crypto features improved storage efficiency and a faster transaction confirmation timing than the leading math-based counterparts.

Currently, 1 LTC is equal to 138.25 USD 

Tezos (XTZ)

It is a blockchain network that is linked to a digital token known as a tez or a tezzie. This is a unique crypto that is not mining-based rather relies on a proof-of-stake mechanism.

You will be amazed to learn that two marvellous features of Bitcoin and Ethereum are amalgamated in Tezos: 

It is a decentralized ledger that uses blockchain technology just like both Bitcoin and Ethereum. Again, Tezos are designed to make use of smart contracts like Ethereum only. 

Currently, 1 XTZ is equal to 3.19 USD. 

Polkadot (DOT)

DOT is the native token of the Polkadot network that you can use for governance of the network, stake for the operation of the network and bond to connect a chain to Polkadot as a parachain. 

It being a transferrable token is able to serve your ancillary functions. For example, you can send your stored DOT to the team working on relevant projects for the Polkadot network.

Currently, 1 DOT is equal to 18.04 USD.

EOS (EOS)

A blockchain decentralized system infrastructure that enables you to have secure access and authentication, permission, data hosting, usage management, and communication between the dApps and the Internet.

The ecosystem of EOS features two key elements: the EOS.IO and the EOS tokens. The EOS.IO is the system architecture while the EOS token is the network's cryptocurrency.

Currently, 1 EOS is equal to 4.07 USD.

Binance Coin (BNB)

A crypto issued by the Binance exchange and trades. Although it was initially based on the Ethereum network, it is now the native currency of Binance's own blockchain.

With a market cap of more than $46 billion it ranks just behind only Bitcoin, Ethereum, and USD Tether.

Till the end of June, 2021 there are 200 million BNB tokens available in the world. Until the same timeline, it had been the largest crypto currency exchange globally that supports over 1.4 million transactions per second. 

Currently, 1 BNB is equal to 324.66 USD.

What can you do with the supported coins?

Using the Ledger Live App, you can receive or send all the mentioned coins. Again, there are a number of specific coins that you can buy or swap or stake. Have a look at the listing below:

Buy: You can buy Bitcoin, Ethereum, Bitcoin Cash

Swap: These coins are swappable -  Bitcoin, Ethereum, USD Tether (ERC20) (USDT), Bitcoin Cash (BCH) and Litecoin (LTC)

Stake: You can take Polkadot (DOT), EOS (EOS) and Tezos (XTZ) at stake 

Final words

To sum up, the coins supported by the Ledger Nano S have global recognition and extensive use. Again, you can send/receive, buy, swap and stake your crypto easily and securely using the Ledger Live App.

 

Link to buy Ledger Nano S :

https://shop.ledger.com/products/ledger-nano-s/?r=ccef89d6e102

Link to buy Ledger Nano X :

https://shop.ledger.com/pages/ledger-nano-x/?r=ccef89d6e102

 


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