Ledger now supports Binance Smart Chain | Ledger (2024)

FAQs

Does Ledger support all BEP20 tokens? ›

Are all BEP20 tokens supported by the Ledger Live app? While it's possible to withdraw most crypto assets to your Ledger BSC account in the form of BEP20 tokens, only a subset of all existing BEP20 tokens are currently supported by the Ledger Live app.

Binance has partnered with Ledger, opening up more pathways for users to purchase digital assets, and increasing the growth of the Web3 ecosystem. Ledger users can now use their verified Binance accounts to buy more than 80 different cryptocurrencies in the Ledger Live desktop app.

Is Binance-Coin supported by Ledger Hardware Wallets? Yes, you can secure your Binance-Coin private key with Ledger Hardware Wallet and manage your Binance-Coin with a third party wallet.

Plug your Ledger device into your computer and open the Binance Smart Chain app on your device by navigating to the Binance Smart Chain icon and pressing both buttons simultaneously. Your Ledger device displays Application is ready.

Open the Ledger Live app. Select a crypto account. Click Receive to generate a deposit address with your Ledger device.

After doing Ledger vs Binance comparison, it's evident that Ledger has somewhat better security features than Binance. The Number of Supported Crypto section can tell you just how many & which cryptocurrencies you can conveniently hold in a single cryptocurrency wallet at the same time.

Binance Smart Chain (BSC) was later renamed BNB Smart Chain (still BSC), as a way of distancing the blockchain from the main exchange. A key feature of BNB Smart Chain is that it is Ethereum Virtual Machine (EVM) compatible.

Users can securely send/receive, manage, store, exchange, and even stake coins from a variety of blockchains including, Bitcoin, Ethereum, Ripple, and Binance Coin.

BEP-20 is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard. You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage.

Trust Wallet is the best BNB wallet for Android and iOS phones. Not only does it allow you to use your BNB to trade on the Binance DEX, you can also interact with Smart Chain DApps in the built-in DApp browser.

Does Ledger accept Binance Smart Chain? ›

The Binance Smart Chain app is developed and supported by Ledger.

Both Ledger hardware wallets are compatible with more than 1,800 altcoins, including popular cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), LINK Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Stellar (XLM), and Polkadot (DOT).

Step 1 — Select Bridge. Step 2 — Check the limits and fees, it is actually free to send most of the tokens to BSC! Step 3 — Approve the token. After approving in Metamask wait a couple of minutes and then click Swap.

For each transaction executed on LedgerX, each Participant to the transaction will be charged an execution fee that is equal to the lower of either (a) $5.00 per contract or (b) 25% of the price per contract.

Log on to your Binance account and select “Withdrawals” under the “Funds” menu located at the top right. Choose the crypto asset and the amount you want to send.

Secure your Binance Coin assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Binance Coin assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet.

Ledger Devices Are Uncompromised

Ledger's software inside of the hardware wallet was not compromised.

— Back-up security if built into the Ledger set-up process, so even if the worst happens, your crypto is still completely safe – and accessible to you. The Ledger Nano is your closest friend if you're a crypto owner, no matter what you're doing with your assets.

Ledger vs MetaMask - Crypto Wallet Comparison Overview

By comparing Ledger vs MetaMask overall scores, we clearly see that Ledger has the higher overall score of 9.5. MetaMask, on the other hand, has scored 8.2 final points.

There are, therefore, three versions of the BNB coin in the marketplace: ERC-20 BNB tokens (used during the ICO), BEP-2, and BEP-20 tokens. They are different versions of the same token, serving the same purpose.

Is BEP20 BNB or BSC? ›

BEP2 Tokens are Native to the BNB Beacon Chain, while BEP20 Tokens are Native to the BNB Smart Chain. Binance is the world's largest centralized crypto exchange by volume, with a trading volume of $9.5 trillion in 2021, representing 67% of centralized exchange volume for that year.

Basics of BEP

The BSC works in parallel or in collaboration with the Binance Chain, the first blockchain of the Binance crypto exchange. BEP20 basically refers to a token standard used for creating tokens on BSC, just like ERC20 for creating tokens on Ethereum.

Both Ledger hardware wallets are compatible with more than 1,800 altcoins, including popular cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), LINK Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Stellar (XLM), and Polkadot (DOT). Nano S and X also support the following tokens: ERC20. ERC721.

All ERC-20 compliant tokens can be stored on Ledger hardware wallets thanks to the Ethereum application. However, Ledger Live only supports for now the most commonly used 1250 ERC-20 tokens.

Your Ledger Nano can store any BEP-20 token, but not every BEP-20 token in the BSC ecosystem is natively displayed on your Ledger Nano. For this reason, to manage your non-supported BEP-20 tokens, you will need to use a wallet like MetaMask with your Ledger Nano. 1.

If a crypto asset is not supported in Ledger Live, the column Supported wallets links to the external wallet to use.

Ledger hardware wallets are the only wallets in the industry that uses a Secure Element chip, protecting you and your private keys against attacks like laser attacks, electromagnetic tampering, and power glitches.

Back to our scenario: if you lose your device, you can simply enter your 24 words into a new hardware wallet, and you'll recover absolutely everything that was secured on your lost device.

Because of their industry-leading security features, your cryptocurrency and NFTs are always secure with Ledger hardware wallets. The Ledger Nano X is the best for storing more than three currencies and having access to your money from any device with an Internet connection.

Can I send any ERC20 token to Ledger? ›

Although your Ledger device can secure most Ethereum ERC20 tokens, not all ERC20 tokens are supported by the Ledger Live app. Non-supported ERC20 token deposits will not show in Ledger Live and will not create a transaction record in the Latest operations section in Ledger Live.

Solana accounts require Ledger Live version 2.39 or above. You can update to the latest version via this link. Stake your SOL to earn passive rewards. Learn more.

The best way to keep your Shiba Inu coins secure

Secure multiple assets, including Shiba Inu using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Manage 5,500+ coins and tokens

With the Ledger Nano X, you can secure and manage over 5,500 coins and tokens.

Ledger was launched in 2014 by eight experts who had backgrounds in embedded security, cryptocurrencies, and entrepreneurship. The company's goal is to create secure solutions for blockchain applications. Pascal Gauthier is the company's chief executive officer (CEO). The company has over 130 employees.

BEP20 is a standard that is used to create tokens on the Binance Smart Chain network. Tokens are an integral component of any Blockchain system, dApps, platform, and economy. They hold a value and note every activity occurring on the Blockchain network.