Post
Topic
Board Hardware wallets
Merits 2 from 1 user
Re: Ledger Nano S Plus alternatives?
by
n0nce
on 18/07/2022, 15:30:39 UTC
⭐ Merited by NeuroticFish (2)
If the BitBox02 is your choice, make sure you check what altcoins it supports first. You can do that on https://shiftcrypto.ch/coins/

From your initial list that you posted in your OP (ADA, ATOM, NEAR), only Cardano is supported. By ATOM I assume you mean Cosmos. There is no support for that asset. NEAR isn't on the list either. Depending on what other coins you have, decide for yourself if it makes sense purchasing a hardware wallet to store your altcoins when that device doesn't support most/some of them. Why get it for that purpose in the first place then?

you are right!

at first looked a very good option, but in reality no point in getting one, as I could only store ADA Cheesy
I just checked, and while Trezor model T supports 1816 coins and tokens, it neither supports ATOM or NEAR. Ledger Nano S Plus supports over 5500 assets (not sure if that's just 'coins and tokens' or also NFTs and that kind of stuff) and does have those two coins.
If I was you, I'd check how many coins I could transfer to the model T. Then check how much cash you hold in unsupported coins and evaluate if you're fine leaving them on the exchange or not.

I'm not advocating for keeping coins on exchanges, but I'm not advocating for exchanges in general. There's still a point I'd like to make: withdrawing and depositing is not always trivial and without issues. Besides fees, you risk getting your coins stolen.
[Blacklist] of unreliable, 'taint proclaiming' Bitcoin services / exchanges
I call a service unreliable if I can't know 100% for sure that what I deposit will actually be credited to my account or not.

Especially for smaller amounts, it may really be simpler, cheaper and safer to leave them on the exchange. This may also depend on the exchange (size, reputation, ...) - some are more likely to pull off an exit scam than others.