We’re often asked which coins are supported by the hardware wallets as there’s a lot of different cryptographic currencies available. To help you choose a hardware wallet, we have summarised which coins are supported each hardware wallet. We endeavour to keep this article up-to-date.
|Ledger Nano S & Blue||TREZOR||KeepKey|
* Support via MyEtherWallet, details about MEW are available further down the article
**The Digital Bitbox supports these coins via their own copy of MyEtherWallet. How it works with the Digital Bitbox can be read here.
*** Support via Trezor Beta Wallet . The TREZOR works with the TREZOR Wallet software. You can also use the Beta Wallet. It currently supports Bitcoin Cash.
WHAT ARE ERC20 TOKENS?
ERC20 tokens are digital currency issued on the Ethereum blockchain and ecosystem. It is a standard for developers of wallets, exchanges and Apps to utilise and use associated tokens. Developers can therefore develop apps that can immediately use ERC20 tokens, so they do not have to develop a token system each time.
A result of the ERC20 standard is that a lot of tokens have been created. You have probably heard of the term "Initial Coin offering" (ICO). An ICO is a way to get funding for a project for startups. They offer cryptographic currency to people who support their early stage projects. There are more than 5500 ERC20 tokens available at the time of writing. Famous names are OmiseGO (OMG), EOS, Augur (REP) and Golem (GNT).
How do I know if my currency is an ERC20 token / coin?
To see if a coin is an ERC20 token, you can search Etherscan. Note that as there are so many coins available, you must ensure the name is exactly the same. Also note the 3-4 letters between quotation marks.
WHAT IS MYETHERWALLET?
MyEtherWallet is a client-side interface with the Ethereum blockchain. Simply put, you can use it to make a wallet for Ethereum and all ERC20 tokens where you own your private key. Then you only use MEW to send transactions to the blockchain. Your Ether is not on MyEtherWallet's servers, you own your private key. If you want to learn more about private keys and how hardware wallets work, you can read this article from us.
Both the Ledger Nano S & Blue, TREZOR and Digital Bitbox hardware wallets support MEW. This means that you can use your private key from your hardware wallet to perform transactions (both send and receive) through MEW.
Hopefully this overview proves useful when buying a hardware wallet. In addition to coin support, there are of course other differences between each hardware wallet, such as price and other features. For a complete overview of our hardware wallets you can take a look here .
If you have any questions or concerns, please leave a comment or contact us.