Re: Ledger Nano S. and Wallets question.

I'm thinking about getting a Nano Ledger s. At this time all my coins are in Coinbase or Binance and I don't have wallets for them.

What are these specific coins you have on binance? Since coinbase supports only few coins, 4 to be specific. I'll take a guess that you want to hold these coins for good?

Quote from: MonkeyBrain on January 24, 2018, 04:49:04 PM

Do I need to create wallets for each of my coins first then transfer to Ledger nano or can I just transfer straight from Exchanges to Ledger Nano.

You can send it straight directly from exchange->nano ledger s but make sure that nano ledger s supports those coins you'll send, read Bardsley given link.

As a warning, don't order your nano ledger s on ebay. Order through their main website www.ledgerwallet.com so that you can avoid the same incident https://cointelegraph.com/news/life-savings-stolen-from-second-hand-ledger-hardware-wallet scammers are truly everywhere.

I have the four coins from coinbase and 10 from Binance for a total of 14 coins. It looks like Ledger Nano will only be able to store 7 of the 14. I guess keeping 7 coins safe is better than leaving it all on the exchange. I just didn't want to manage so many wallets. I was hoping for a 1 stop shop thing. I feel like I have 14 world currencies and have to open 14 bank accounts in 14 countries to transfer money between them. I just need 1 international universal bank to take care of all this Tongue

Keeping for good all of those coins that can't be handle by nano ledger s with their respective downloadable wallets is better than storing it on an exchange. Today, we can't have that 1 stop thing or 1 hardware wallet that will cater all cryptocurrencies but if most of those tokens you got are ERC20 tokens that can't be a problem for nano ledger s. But soon, there might be some developers and manufacturers that will make that desirable one stop shop hardware wallet for all.