Ledger Nano X is a premier hardware wallet designed to securely store a wide range of cryptocurrencies, including ERC-20 tokens. Its popularity stems from robust security features, offline storage, and user-friendly functionality—simply connect via USB to manage your assets safely.
Why Secure ERC-20 Tokens in a Hardware Wallet?
Investing in cryptocurrencies requires safeguarding digital assets from increasing online threats. The Ledger Nano X offers:
- Offline Storage: Private keys never touch the internet, eliminating hacking risks.
- FIDO® Authentication: Simplifies secure logins for services like Gmail or Dropbox.
- Durable Build: Stainless steel cover and high-grade materials resist physical damage.
- Regular Firmware Updates: Keeps security protocols up-to-date.
👉 Discover why Ledger Nano X is the top choice for crypto storage
Understanding ERC-20 Tokens
ERC-20 is the Ethereum blockchain’s technical standard for smart contracts, governing token creation and transactions. Key traits:
- Ethereum-Based: Runs on Ethereum’s network (unlike Bitcoin/Litecoin, which operate on independent blockchains).
- Interoperability: Follows uniform rules, ensuring compatibility across platforms.
Transferring ERC-20 Tokens to Ledger Nano X
Method 1: MetaMask
Steps:
- Install MetaMask and select Ethereum Mainnet.
- Connect Ledger via Hardware Wallet > Ledger.
- Choose an HD path (e.g., Legacy or Ledger Live).
- Select the token (e.g., USDT), enter the recipient address, and confirm gas fees.
- Approve the transaction on your Ledger device.
Method 2: Ledger Live
Steps:
- Open Ledger Live, navigate Send > Ethereum.
- Pick your ERC-20 token (e.g., NPXS).
- Paste the recipient address, set the amount, and adjust gas fees.
- Confirm details on your Ledger Nano X.
Method 3: MyEtherWallet (MEW)
Steps:
- Connect Ledger, enable Browser Support in Ethereum app settings.
- Visit MEW manually (avoid phishing).
- Select Hardware > Ledger, choose derivation path (m/44’/60’/0’).
- Pick an address, transfer tokens from exchanges to this public address.
👉 Learn more about securing ERC-20 tokens
FAQs
Q1: Can Ledger Nano X store all ERC-20 tokens?
A: Yes, if the token adheres to the ERC-20 standard—even unlisted tokens via MetaMask/MEW.
Q2: Is MetaMask safer than Ledger Live?
A: Both are secure, but Ledger Live is integrated directly with the hardware wallet for added safety.
Q3: How do I update my Ledger firmware?
A: Use Ledger Live’s Manager section to install updates when notified.
Q4: What if my Ledger is damaged?
A: Restore assets using your recovery phrase on a new device.
Conclusion
Storing ERC-20 tokens in a Ledger Nano X ensures maximum security against online threats. Whether using MetaMask, Ledger Live, or MEW, follow the steps above for seamless transfers. Prioritize firmware updates and secure your recovery phrase to safeguard investments.