Can You Store NFTs and Crypto on Ledger Together?

Can You Store NFTs and Crypto on Ledger Together? Everything You Need to Know

Can you store NFTs and crypto on Ledger together? This question is more relevant than ever as the world of digital assets becomes increasingly diverse. As more investors seek to manage their cryptocurrency and NFT (non-fungible token) holdings efficiently and securely, understanding whether popular hardware wallets like Ledger can accommodate both types of assets is crucial for crypto enthusiasts, professionals, and small businesses.

Ledger wallets, such as the Ledger Nano S Plus and Ledger Nano X, have become industry-leading solutions for securing cryptocurrencies. But with the meteoric rise of NFTs, a new question arises: can your Ledger wallet ensure the safety of both your crypto coins and your digital collectibles in one place? Let’s explore what you need to know about storing multiple digital asset types on Ledger devices.

How Ledger Wallets Work for Crypto and NFTs

Ledger hardware wallets are physical devices designed to keep your private keys offline. This offline storage, known as “cold storage,” helps protect your digital assets from hackers and online attacks. Ledger’s two popular devices, the Nano S Plus and Nano X, support thousands of coins and tokens across different blockchains.

Storing Cryptocurrencies on Ledger

Ledger wallets support a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many ERC-20 tokens. With Ledger Live—Ledger’s official desktop and mobile app—you can manage your portfolio, send and receive funds, and track transactions. The process involves installing specific blockchain “apps” on your device to manage coins and tokens within Ledger Live.

Storing NFTs on Ledger Wallets

NFTs, such as art, digital collectibles, or in-game items, are unique tokens—usually on blockchains like Ethereum or Polygon. Many NFT holders are turning to Ledger for secure storage because simply holding NFTs in a software wallet or browser extension wallet (like MetaMask) carries greater risk.

As of now, Ledger hardware wallets are fully compatible with most Ethereum and Polygon-based NFTs via Ledger Live (with periodic updates expanding this feature). Ledger does not directly display your NFTs on the device screen, but the wallet secures the private keys that control your NFT ownership.

Managing Both NFTs and Crypto on a Single Ledger Hardware Wallet

How It Works: Unified Security

You can indeed store both NFTs and cryptocurrencies on the same Ledger device, side by side. Both asset types are managed through the same set of private keys generated by your wallet’s secure chip. Here’s how this setup works:

– Single Seed Phrase: Both your cryptocurrencies and NFTs are backed up by the same recovery seed phrase, making backup management simpler.
– Ledger Live Integration: From the Ledger Live dashboard, you can view and manage both digital assets—track crypto portfolios and visualize NFTs (Ethereum-based) all in one place.
– Multiple Blockchains: You can store assets from multiple blockchains, allowing management of Ethereum, Bitcoin, and NFT projects simultaneously.

Setting Up for Both NFTs and Crypto

1. Initialize Your Ledger Device: Set up your Ledger with a secure PIN and ensure your recovery phrase is safely backed up.
2. Install Blockchain Apps: Use Ledger Live to install apps required for each blockchain you want to use (e.g., Ethereum app for ETH and NFTs, Bitcoin app for BTC).
3. Connect to NFT Marketplaces: To interact with NFTs, connect your Ledger wallet to trusted NFT marketplaces or DeFi platforms via WalletConnect or browser extension wallets, always verifying transactions on your Ledger device.
4. View and Manage Assets: Use Ledger Live to visualize your NFTs and track your cryptocurrency balances, making it easy to manage everything from one dashboard.

Advantages of Storing Both NFTs and Crypto on Ledger

Enhanced Security

Hardware wallets provide a high level of protection for all digital assets. By keeping your NFTs and cryptocurrencies offline and under a single set of private keys, you greatly reduce the risk of hacking and unauthorized access.

Simplified Management

With all your digital assets accessible from the same device and interface, you save time and reduce complexity. No need for multiple wallets or remembering various passwords—just one device and one recovery phrase.

Minimizing Risk of Loss

Storing everything on Ledger optimizes your backup plan. As long as your recovery phrase is safe, you can restore both your crypto and NFT holdings if your device is lost or damaged.

Limitations and Considerations

Supported Networks

While Ledger supports major blockchains (Ethereum, Polygon, Solana, etc.) and their respective NFTs, some newer networks or specialized NFT types may not be compatible by default. Always verify Ledger’s current supported assets list before transferring new NFTs.

Not Directly Browsable on Device

Unlike viewing coins and balances on Ledger’s device screen, NFTs are viewed within Ledger Live or connected wallet interfaces—not on the device itself.

Hardware App Storage Limits

Devices like the Nano S Plus and Nano X have finite storage for blockchain apps, which may limit the number of networks you can manage simultaneously. However, you can uninstall and reinstall apps without risking your assets, as your private keys remain unchanged.

Future Developments for Ledger and NFTs

Ledger continues to upgrade their software and devices to support more NFT blockchains, display NFT metadata in Ledger Live, and enable advanced interactions like staking or NFT minting directly from their interface. Staying updated with firmware and app releases ensures you benefit from the latest security and usability features.

FAQs About Storing NFTs and Crypto on Ledger

Q1: Can a Ledger hardware wallet store both cryptocurrencies and NFTs at the same time?
Yes, you can store both cryptocurrencies and NFTs on a single Ledger hardware wallet. Both asset types are protected by the device’s private keys and managed using Ledger Live.

Q2: Are NFTs on Ledger as secure as cryptocurrencies?
Absolutely. NFTs and cryptocurrencies are equally secure on Ledger devices because both are secured by your wallet’s offline private keys and recovery phrase.

Q3: Can I store NFTs from any blockchain on Ledger?
No, Ledger supports NFTs primarily from Ethereum and a few other major blockchains like Polygon. Check the official Ledger support list for specific compatibility before transferring any NFT.

Q4: How do I view my NFTs stored on Ledger?
You can view NFTs stored on Ledger through Ledger Live or by connecting Ledger to compatible third-party wallets and NFT marketplaces.

Q5: What happens to my NFTs and crypto if I lose my Ledger device?
Your assets remain safe as long as you have your recovery seed phrase. You can restore both your crypto and NFTs on a new Ledger device.

Q6: Do I need separate backups for my crypto and my NFTs on Ledger?
No, a single recovery seed phrase backs up all your assets—both cryptocurrencies and NFTs—stored on that Ledger device.

Key Takeaway

You can confidently store NFTs and crypto on Ledger together, benefitting from proven security and unified management. For investors, professionals, and small businesses looking to streamline their digital asset security, using a hardware wallet like Ledger for both NFTs and cryptocurrencies is a smart strategy. Always verify network compatibility, keep your recovery phrase secure, and update your device for the best experience in digital asset management.