Ledger Nano X Hardware Wallet Review

Ledger Nano X is a new addition to Ledger's USB wallets. In this review, you will learn about the features, security, and supported crypto assets.

By The 'Staunch

Ledger Nano X
ledger nano x wallet

The Ledger Nano X is a cutting-edge hardware wallet that provides secure storage and management of cryptocurrencies. With its advanced features, including Bluetooth connectivity and support for a wide range of digital assets, the Ledger Nano X offers cryptocurrency investors a convenient and reliable solution for safeguarding their holdings.

Product Brand: Ledger SAS

Editor's Rating:
4.6

Pros

  • Staking is integrated, making it easy to earn on crypto
  • Wide variety of coins supported
  • Portable pocket-size device
  • Bluetooth connectivity
  • Capacity for 100 assets
  • Cold storage wallet
  • Beginner friendly

Cons

  • Screen not visible under sunlight
  • Bluetooth connectivity is weak
  • It’s quite costlier than some other alternatives
  • ID-based key recovery service lacks privacy
  • The battery is not replaceable

Ledger wallets are the most preferred for investing in cryptocurrencies for the long-term, and also ensure safety to your funds.

Ledger company released the new hardware wallet, because they’ve being in the production of digital asset security since 2004.

You may be wondering why a new hardware wallet, and what is the difference between Ledger Nano S.

In this review, we will reveal everything we can find under the hood of Ledger Nano X hardware wallet.

Let’s dive deeper…

What is Ledger Nano X?

The Ledger Nano X digital currency storage device is just like every other hardware wallets that has its own areas of strength, flaws and weakness.

It’s one of the latest line of Ledger SAS hardware wallets manufacturing company that was announced in January 2019.

This hardware is said to be the best product in the cryptocurrency market, as it is touted as the superior to all other hardware wallets.

Ledger Nano X is a re-defined version of the predecessor, Ledger Nano S with security for digital assets like; Bitcoin, Ethereum, Ripple, Litecoin, etc.

And that is what brings to the next point, which is the price of this new crypto wallet.

Ledger Nano X price

The wallet is priced at $119, which include VAT (Value Added Tax), while shipping to almost any country of the world.

Unboxing Ledger Nano X

The Ledger Nano X box normally comes with the gadget itself, and some other important components as follows:

  1. The hardware wallet
  2. A USB cable
  3. Manual leaflet
  4. Three recovery sheets
  5. A key-chain strap rope

Nano X on the body texture looks like it’s made up of brushed stainless steel and a plastic casing.

It looks more smaller in size than the Ledger Nano S.

Ledger Nano X features

Features of Ledger Nano X are what make it stand out in the market. Some of the features that the company is boasting about are:

Bluetooth Connectivity

Nano X is the first crypto hardware wallet to have Bluetooth connectivity, making it the most mobile and easy to use a hardware wallet.

However, it touts to be a sufficiently safe Bluetooth implementation that transmits only public data, while keeping your private/seed keys safe.

Even if your Bluetooth is hacked, the attacker cannot access your funds.

Larger Screen

Nano X is having a larger screen as compared to its previous version and is almost twice in size (72mm x 18.6mm x 11.75mm).

This makes it possible to have the buttons on the front and easy to navigate OLED screen, which previously the users have complained to be very small.

Security

Passphrase is like adding one more custom word to your 24-word seed, and you can use as many passphrases as you want and for each passphrase.

A whole new set of addresses will be generated.

However, this feature is only recommended for advanced users as losing or forgetting your passphrase will make your funds permanently inaccessible.

All Ledger hаrdwаrе wаllеtѕ are еԛuірреd with a ‘smart-card сhір’, which includes a ѕесurе element.

This kіnd оf smart chip іѕ uѕеd fоr highly ѕесurе applications, such аѕ protecting bіоmеtrіс dаtа on раѕѕроrtѕ or сrеdіt card іnfоrmаtіоn.

A secure-element сhір is a tаmреr-rеѕіѕtаnt hardware, сараblе оf hоѕtіng apps аnd ѕtоrіng соnfіdеntіаl and сrурtоgrарhіс dаtа.

In оthеr wоrdѕ, ѕесurе еlеmеnt chips аrе еxtrеmеlу dіffісult and costly to hасk, as ‘ѕіmрlе’ сhірѕ, еvеn wіth software рrоtесtіоn, require much lеѕѕ еffоrt.

Secure element сhірѕ undеrgо аdvаnсеd thіrd-раrtу evaluation and certification processes, through сеrtіfісаtіоn bоdіеѕ ѕuсh аѕ Cоmmоn Criteria аnd EMVCo.

The Lеdgеr Nаnо X has its major functions in keeping digital assets safe and immune to attacks, meaning you can store your cryptocurrencies anonymously.

Lock and Power Off

You can set your device to auto-lock your screen, or go completely power off after a period of inactivity.

You can make your device active again by entering your PIN.

This feature is to make sure it does not drain the battery when you’re not using it for transaction both in offline and online.

Ledger Live app

You can connect your device to Ledger Live Mobile app and safely manage your coins on-the-go.

However, the Bluetooth is not compatible with the desktop application.

Battery Device

Ledger Nano X is the first widely popular battery enabled hardware wallet with a 100 mAh battery designed to last for several hours.

The battery is expected to live up-to five years of lifetime usage.

However, this was required to be a true Bluetooth enabled cryptocurrency device, that can be connected easily with both iOS or Android devices.

Ledger Live Support

If you still want to stick to the old way of using your USB C-type cable, you’re welcomed to use that with your Ledger Nano X device.

The process to upgrade your firmware and set-up your device remains the same.

Ledger Nano X supported coins

The Nano X was designed by Ledger to support a large number of cryptocurrencies, which are over 1000 coins supported, and a total of 100 crypto apps.

This means that the USB hardware wallet device was designed to cater for all your crypto needs conveniently, and with a top-notch security.

Some of the major Nano X Ledger supported coins are;

  • Bitcoin (BTC)
  • Bitcoin cash (BCH)
  • Bitcoin gold (BTG)
  • Stellar (XLM)
  • Binance coin (BNB)
  • Ethereum (ETH)
  • Ethereum classic (ETC)
  • Dash (DASH)
  • Litecoin (LTC)
  • Ripple (XRP) etc…

It also has support for most ERC-20 tokens, but you have to connect an alternative app to your ‘Ledger Live’ app like;

  1. MyCryptoWallet
  2. MyEtherWallet.

Ledge Nano X fees

You can choose the network fees while initiating a transaction, of which the amount will determine the speed of your crypto transaction.

Users are also free to choose from three different levels of fees (high, standard and low) for a transaction, or a custom fee if you are an advanced user.

Ledger Nano X price

Aссоrdіng to thе Lеdgеr оffісіаl website, thе Lеdgеr Nano X іѕ priced at $140, but prісеѕ mау vаrу асrоѕѕ dіffеrеnt retail оutlеtѕ.

Ledger Nano S – the predeccessor of the Ledger Nano X, costs USD 70.

Ledger Nano X ease of usage

Ledger Nano X іѕ dеѕіgnеd tо bе ѕtrаіght-fоrwаrd аnd easy-tо-uѕе, while incorporating a highly sophisticated ѕесurіtу tо рrоtесt уоur аѕѕеtѕ.

However, starting up wіth сrурtо аѕѕеtѕ саn be соnfuѕіng.

The wallet has an easy-to-use interface, which does not require a technical knowledge to use, and it аlѕо features аn іntuіtіvе nаvіgаtіоn.

Lеdgеr Lіvе, the соmраnіоn application for Lеdgеr Nano S, іnсludеѕ simple, ѕtер-bу-ѕtер рrосеѕѕеѕ dеѕіgnеd to enhance user experience in an easy and secure manner.

How to use Ledger Nano X

Ledger Nano X

This device is one of the easiest hardware wallets to set up, but can be very tricky if you don’t follow and understand the instructions on the screen.

Below are the steps to follow to set it up:

Step 1: Set Your Pin Code

On starting your new hardware wallet, you are required to set a pin of 4-8 digit character. To have a stronger pin, it is advised for you to create up to an 8 digit code.

To do this, press both buttons to choose “set up as new device“, and then you press the left or right button to choose a particular digit from 0-9.

Step 2: Save Your Recovery Phrase

After your pin has been created the device will display a 24-word recovery phrase that is used to back your private keys.

So if the device gets stolen or lost, you can easily enter the phrase in your new device and regain control over your wallet.

This recovery phrase should be written down in a safe place and should not be shared with anyone.

Step 3: Connect To Ledger Live

The “Ledger Live” is a software application that helps you to access your wallet from your computer or smartphone.

You can download and install the app from web browser on your computer.

‘Ledger Live Mobile’ can be gotten from both Android and iOS Google play store and Apple store respectively.

You are to connect to your computer using the USB Cable found in the box and Bluetooth pairing is required to connect you to your smartphone.

Step 4: Download Crypto App

When you are done installing the “Ledger Live”, the next important step is to download the app for the particular coin you wish to use.

If you want to be sending and receiving cryptocurrencies on the wallet, you’re to download the app from the list of other crypto apps that will be displayed on your screen.

You can repeat this procedure for other cryptos.

Step 5: Add Your Accounts

After installing the crypto app, you are required to create an account that will enable you to start sending and receiving funds to and from your device.

These steps are quite easy to undergo and won’t take you more than 5 minutes to finish setting up your new device.

Ledger Nano X vs S

Ledger Nano X hardware wallet has outstanding features compared to its Nano S, which is also its predecessor.

However, the Nano S can still secure your crypto-coins and also far more affordable.

Talking about affordability, the Ledger Nano S goes for $59, while Ledger Nano X goes for a whooping $119 there about.

It’s obvious that the newly added features might’ve contributed to the price hype.

The only noticeable different between these two hardware wallets from Ledger SaaS, is the Bluetooth feature in the new Ledger Nano X wallet.

Ledger Nano X vs Trezor T

The Trezor T is the latest hardware wallet that was introduced by Trezor security company.

It comes with a touch screen, which is not worth the high price considering qualities and lower price tag.

They both support a large number of cryptocurrencies and are the major competitors in the hardware market today.

How much Bitcoin can a Ledger Nano X hold?

Ledger Nano X can hold any amount of Bitcoin, including all other Altcoins in the crypto market.

Is Ledger Nano X untraceable?

The hardware crypto device is technically untraceable, as it does not need an internet connection to keep your investments safe.

How long can Ledger Nano X last?

Ledger cryptocurrency wallets are built to last very long, but am sure it will last up-to 8 years once you’re using it the right way.

How many coins can I store on Ledger Nano X?

It’s possible to store over 6,000+ cryptocurrency coins on a Nano X wallet device, depending on the firmware update you have in it.

Is Ledger Nano X worth buying?

Yes of course. Generally, investing in a hardware wallet is one of the best strategies to keep your crypto investment safe.

Therefore, purchasing a Ledger Nano X crypto wallet device is totally worth it in every aspect.

Is Ledger Nano X waterproof?

Ledger Nano X does not have rating for being waterproof, and that’s to say, the device should never come in contact with any liquid.

If it ever happens, then it should be turned off and extensively dried immediately.

Can I buy Ledger Nano X from Amazon?

Yes, you can buy a Ledger wallet from Amazon (including Nano X), as there are vendors that sell Ledger wallet devices on the popular e-commerce platform.

Is it safe to buy Ledger Nano X from Amazon?

Buying a Ledger product from Amazon is not guaranteed to be safe, because of security reasons.

In other words, to buy Ledger hardware wallet on the e-commerce may expose you to counterfeits and tamperred devices.

Should I buy Ledger Nano X from Amazon?

If you trust the vendor, you can go ahead and buy from Amazon an vendor of your choice.

However, the best and most secured place to buy a Ledger wallet device is on their official website.

Atleast, you’ll be very sure that you’re getting an untampered wallet device to store your digital currency and assets.

My verdict

Ledger wallets are the best form of security to safe-guard your crypto funds from different kinds of investments risks that leads to loss of money.

Thеrе are so mаnу оutlеtѕ where you can buу the Lеdgеr Nаnо hardware wallets, but it’s safer when you purchase it directly from the manufacturer.

Purchasing these hardware wallets directly from their official website will also give you access to many discounts and perks.

Ledger Nano X Wallet

The Ledger Nano X іѕ a hardware wallet for keeping your crypto investment portfolio safe.

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About the 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.

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About The 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.