Ledger Nano X

Ledger Nano X Review

With the growing popularity of cryptocurrencies, there’s also an increasing need for secure wallets. Storing your cryptocurrencies online may not be the best idea, however, hardware wallets are truly reliable when it comes to keeping huge amounts of crypto. That’s why this Ledger Nano X review might be exactly what you’re looking for.

In this Ledger Nano X review, I will provide you with all the details regarding this hardware wallet, including information about the company, Ledger Nano X supported coins, pros and cons as well as additional details.

By the end of this review, you should be able to decide whether or not the Ledger Nano X wallet is suitable for your needs.

About Ledger

Ledger was founded back in 2014 by eight specialists that have expertise in cryptocurrencies, embedded security, entrepreneurship and other safety solutions for blockchain applications. Currently, the company has more than 130 employees in Paris, Vierzon and San Francisco.

Ledger wallet is highly recommended for people who are crazy about security. It’s so much more reliable than software wallets that are connected to the internet and can be hacked at any time. Being a cold wallet, all of the assets that are transferred to Ledger Nano X are held offline. I’ll get more into details when talking about security in this Ledger Nano X review.

What is a Hardware Wallet?

To put it simply, a hardware wallet is a flash-drive-like physical device that holds your private keys offline as well as signs transactions for you. It is a type of a cold wallet that is not connected to the internet. Therefore, by far, hardware wallets are considered to be one of the safest ways of storing your crypto assets.

Since you have to physically connect your hardware wallet to a computer to use it, there’s no way for hackers to access it. On top of that, even if you do connect your wallet to a computer that is controlled by a hacker or compromised by a virus, they still won’t be able to access it.

Why? Because they would have to know your secret recovery phrase (also known as seed phrase), which, obviously, only you should know. Besides that, the transactions you make are signed on your hardware wallet itself, not on the device it is connected to.

So, as you can see, hardware wallets surely are very safe. To steal anything from you the hacker would have to steal the actual physical device and know your recovery phrase. That being said, make sure to keep your hardware wallet recovery phrase out of reach for anyone but you.

Ledger Nano X Review: PROS

1. Ultimate Security

“Is the Ledger Nano X safe?” – that’s one of the main questions that cryptocurrency enthusiasts keep asking before purchasing this device. For this reason, I want to make this super clear once and for all.

Ledger Nano X can provide you with ultimate security. It’s a hardware wallet, which means that all of your Bitcoins, Litecoins and other altcoins will be securely stored offline. That being said, as you already know, a hacker simply cannot access it online.

You might notice that Ledger Nano X has Bluetooth Low Energy (BLE) connectivity that allows you to use it without the need for a cable. While wireless connection sounds really convenient, it can also raise some security concerns. However, before jumping to conclusions, let me assure you that there are no security issues when it comes to Ledger Nano X.

Since only public data is transferred via Bluetooth and your private keys and seed never leave the device, there’s no reason to worry about that. The company highlights the fact that even if someone would hack Bluetooth connection, Ledger Nano X features Secure Element (SE) that would ask for your permission before making any changes.

What is more, it’s important to mention in this Ledger Nano X review that the company developed a unique operating system called BOLOS that integrates a secure chip for the Ledger wallet line. Ledger is the only wallet in the market that offers such technology.

Moreover, once you receive your Ledger Nano X device, you’ll have to create a pin code of at least 4 digits. Make sure to keep this code to yourself. In case you forget your pin, there’s a 24-word recovery phrase that you’ll be given in order to create a new pin. That being said, you shouldn’t be asking “is the Ledger Nano X safe?” because it’s one of the most secure cryptocurrency wallets in the market.

Now, since Ledger is a hardware wallet, it’s crucial to consider its protection against physical damage. The good news is that Ledger Nano X is made using the highest-quality materials that can protect the device from physical damage. Since the cover is made of stainless steel, it’s completely protected in case you drop it.

Software wallets (also known as hot wallets) work entirely differently. They can usually be downloaded on desktop or mobile devices. Many people choose hot wallets because most of them are completely free (except for fees) and are super easy to use. In most cases, even people who are using them for the first time can figure things out.

However, what’s important to understand is that you should never keep huge amounts of cryptocurrencies in software wallets – a hacker can install malware into your device and infect it using a keylogger that allows stealing your wallet’s private keys and possessing your cryptocurrencies. Doesn’t sound too safe, am I right?

Of course, I’m not saying that all software wallets are bad; they’re simply not as reliable as hardware options. That being said, you should only store an amount that you wouldn’t be too sad to lose in them.

2. Supports the Main Cryptocurrencies and More

If you’re not into the mainstream cryptocurrencies, such as Bitcoin or Ethereum, but rather prefer less popular options, it’s crucial to be aware of Ledger Nano X supported coins. After all, there’s no such device that would support all the existing cryptocurrencies.

Ledger Nano X supports more than 5,500 coins and tokens, including the most popular cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), USD Tether (ERC20) (USDT), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), EOS (EOS) …

Ledger also supports other, less popular altcoins, so even if you’re into less mainstream cryptocurrencies, I bet that you’ll be able to find your coin.

Though, besides supporting cryptocurrencies, Ledger also supports NFTs. Thus, you can store and manage your NFTs safely, the same way you can store and manage your cryptocurrencies.

3. Design and Usability

Appearance-wise Ledger Nano X is almost the same as the company’s first model – Ledger Nano S (though it was discontinued and replaced with Ledger Nano S Plus). The only few differences are that it’s slightly heavier and has a wider screen, however, you can still fit it in your hand easily.

The navigation buttons are located next to the screen, just like in the previous model. If you want to press “enter”, just hold the two buttons together.

All in all, it’s safe to say that the Ledger Nano X design is more advanced compared to the S version. Since you have a bigger screen, it’s easier to see wallet addresses and all the other needed details. 

Moving further, if you want to connect Ledger Nano X to your computer, you can do that using a USB-C cable, however, there’s also a possibility to use your wallet using a smartphone. The latter option is so much more comfortable as you can move your funds to the hardware wallet instantly. However, it might also raise some security concerns (due to Bluetooth connection) that I mentioned earlier in this Ledger Nano X review. 

Thus, Ledger Nano X comes with some truly amazing updates that make the entire process of using this hardware wallet way more enjoyable.

Ledger Nano X Review: CONS

Even though Ledger Nano X comes with some great features, there’s also something that you should take into consideration.

Relatively Expensive

When it comes to hardware wallets, one of the main problems is that you have to actually buy them. Even though their prices tend to vary, Ledger Nano X is one of the more expensive options.

Currently, Ledger Nano X price is 149,00 €‎. Compared to the S Plus model that costs only 79,00€‎, that’s quite an increase. However, don’t forget that Ledger Nano X is a new and improved version that comes with really attractive features that you can find in no other wallet in the market.

While the price is one of the main reasons why people choose software wallets (most of them are free), security should always come first when it comes to storing cryptocurrencies. Just imagine losing all the coins you store in your software wallet, just because you didn’t want to purchase a hardware wallet.

Ledger Nano X Compared to Ledger Nano S Plus

I keep saying that Ledger Nano X is a new and improved wallet that can provide you with even more features, however, how is it different from the Ledger Nano S Plus? 

For the sake of clarity, I would like to provide you with a quick comparison of these two devices.

Ledger Nano S Plus	Ledger Nano X
Up to 100 apps	Up to 100 apps
5,500+ compatible crypto assets	5,500+ compatible crypto assets
Ledger Live	Ledger Live
50+ wallets compatible	50+ wallets compatible
Bluetooth: –	Bluetooth compatibility
Screen: 128 x 64 pixels	Screen: 128 x 64 pixels
Connector – USB Type-C	Connector – USB Type-C
Battery: –	Battery: 8 Hours
Price: 79,00€‎	Price: 149,00€‎

As you can see, there are a few main differences when it comes to Ledger wallets. Ledger Nano X has a battery that can last up to 8 hours, which Ledger Nano S Plus doesn’t have. Besides that, Ledger Nano X provides Bluetooth compatibility that allows you to manage Ledger wallet from your mobile device.

While Ledger Nano X is almost twice as expensive, it comes with features that are completely worth the price.

What Comes in the Ledger Nano X Wallet Package?

Ledger Nano X comes with a package that contains 5 elements, including:
1 USB C cable
1 keychain strap for the device
3 recovery sheets
1 getting started leaflet
Ledger Nano X device itself

Even though further in this Ledger Nano X review you’ll find all the needed information on how to use the device, there’s always a starting leaflet that will guide you through the process.

Get started with Ledger Nano X

1. What is Ledger Live?

Now, if you plan on getting a Ledger hardware wallet, you should also know what Ledger Live is. Put simply, Ledger Live is the software that’s needed to set up your device and manage cryptocurrencies. You can download the desktop app for Windows, Mac and Linux on Ledger’s official site, and get a mobile app from App Store or Google Play.

Though, Ledger Live allows you to do su much more than just set your device and manage you cryptocurrencies. It also allows you to buy, sell, cash out, exchange and lend your crypto assets directly in the app through the platfroms Ledger has partered with (including Simplex, Coinify, 1inch, and others).

In addition to that, Ledger Live also allows you to grow your holdings through staking. If you don’t know what staking is, in essence, it’s locking up your coins in order to become a validator on a Proof-of-Stake blockchain. In return for transaction validation, you get more coins as a reward. Ledger Live allows you to stake on such blockchain as Ethereum, Polkadot, Solana, Cosmos, Tron, and others.

That being said, let’s see what you have to do after buying the Ledger Nano X wallet.

2. How to Set Up Ledger Nano X?

3. How to receive your first crypto?

4. How to Migrate Your Crypto From One Ledger Device to Another

COMPARE LEDGER DEVICES

Compare Ledger hardware wallets	Ledger Stax	Ledger Nano X	Ledger Nano S Plus
Overview
Ledger’s uncompromised security
NFTs and 1000+ coins supported
Compatible with Ledger Live app
Bluetooth® mobile connection
Customizable lock screen
Curved E Ink® touch screen
Wireless charging
Embedded magnets
Hardware
Screen Type	E Ink®	OLED	OLED
Screen Resolution	400×672 px	128×64 px	128×64 px
Touchscreen		–	–
Bluetooth®	(Only compatible with smartphones)	(Only compatible with smartphones)	–
Wireless charging	Qi charging	–	–
Connector	USB-C	USB-C	USB-C
Ledger Live Compatibility
Windows	Windows 10+	Windows 10+	Windows 10+
Apple MacOS	macOS 12+	macOS 12+	macOS 12+
Linux	Ubuntu LTS 20.04+	Ubuntu LTS 20.04+	Ubuntu LTS 20.04+
Android	Android 9+	Android 9+	Android 9+
Apple iOS	iOS 13+	iOS 13+	–
Ledger Live app (NFTs)	Ethereum and Polygon NFTs	Ethereum and Polygon NFTs	Ethereum and Polygon NFTs
Third-Party wallet (coins)	5000+ coins	5000+ coins	5000+ coins
Third-Party wallet (NFTs)	Multi-blockchain NFTs	Multi-blockchain NFTs	Multi-blockchain NFTs
Digital Assets Support
Ledger Live app (coins)	500+ coins	500+ coins	500+ coins
Security
Secure Element chip	Certified Secure Element (CC EAL5+)	Certified Secure Element (CC EAL5+)	Certified Secure Element (CC EAL5+)
PIN protection
Recovering access to assets	24-word Secret Recovery Phrase	24-word Secret Recovery Phrase	24-word Secret Recovery Phrase
Third-party support
Third-party wallets	Compatible with 50+ wallets	Compatible with 50+ wallets	Compatible with 50+ wallets

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Conclusions

Therefore, Ledger Nano X is one of the most reliable hardware wallets in the market. Since it’s a cold wallet and your private keys are held offline, hackers have no access to it.

Moreover, compared to Ledger Nano S Plus, the newer model provides better usability. Not only it allows you to use a mobile app to manage crypto assets, but also has a battery that lasts up to 8 hours.

When it comes to Ledger Nano X supported coins, the device is compatible with more than 5,500 cryptocurrencies. That being said, you’ll be able to store not only the most popular but also less-known coins and tokens.

I hope that this Ledger Nano X review was helpful and you managed to find all the information that you were looking for. Whatever you decide, always know that cold wallets can protect your cryptocurrencies best.

FAQ – Ledger Nano X