Ledger Nano X is a new device introduced by Ledger. This device has a number of advanced features, such as Bluetooth connectivity and increased storage capacity, making it a next-generation hardware wallet. However, you will have to pay almost twice as much as for the universally acclaimed previous wallet, the Ledger Nano S. After reading this Ledger Nano X review, you can decide if the Nano X is worth it.
So let’s dive into the action!
Ledger Nano X Test Tip:
Ledger is a well-known hardware wallet company with wallets in 165 countries. To date, the company has sold 1.5 million hardware wallets for cryptocurrencies worldwide.
Ledger was founded in 2014 by a group of industry experts to develop security and infrastructure solutions for cryptocurrencies and blockchain. It is now a team of over 200 professionals working tirelessly to add more support and functionality to the components.
The company grew very quickly and over time became one of the two largest e-wallet companies.
Before we read the Ledger Nano X review, let’s understand why we should buy a hardware crypto-currency wallet.
Fear of selling:
A hardware wallet is a small physical device that stores the private keys of your cryptocurrencies in an isolated location.
These devices allow you to send and receive documents without exposing your private keys to the Internet. They feature secure chips that are also used in passports and ATMs, protecting your coins from the outside world. Your private keys remain offline at all times, making your wallets virtually unbreakable.
Yes, they can be hacked, but without physical access, no one can remove your coins.
If you are concerned about the security of your coins, then you should not hesitate to have a hardware wallet, I speak from experience.
Before I bought my first hardware wallet, the Nano S, I read a lot of articles and watched a lot of videos. Now that I’ve been using it for years, I can say it’s worth every penny.
The currently known ways to store coins are the exchange (web wallet), paper wallet, software wallet and hardware crypto-currency wallet.
When it comes to coin security, bartering is the least recommended method. You can also use a software wallet, but even that keeps your coins online, which means it can be hacked at any time.
A paper wallet is also a very secure way to store cryptocurrencies. Just make sure that the computer you are using to create a bitcoin paper wallet does not contain any malware and that your internet connection is secure.
Please note that if you spend coins from a paper wallet, you will be charged for private key cleanup and transaction fees. These unnecessary costs make the paper portfolio less attractive.
Finally, if you want to keep your coins safe and yet have flexibility in spending them, a bitcoin hardware wallet is the way to go.
We have discussed this topic in detail in our Top 5 Hardware Crypto Wallets. We are about to review the Ledger Nano X.
Nano Book X Overview
- Bluetooth connection
- Increased storage capacity, up to 100 pieces
- Intuitive design
- Chips with two secure elements – A Common Criteria for Information Technology Security Assessment with 5+ (CC EAL5+).
- CryptoWonk’s rating for Nano X Roofer: 8.5 out of 10.
- Wireless communication is only available for mobile devices
- Price: $129
- The Bluetooth connection is considered compromised
The Nano X Ledger is the successor to the Nano X model with a wide range of features. The long-awaited wireless connectivity feature has caught everyone’s attention and created quite a buzz.
This device is almost identical in security to its predecessor, the Nano S, but the company has put a lot of effort into the design and functionality. The first model has physical input keys, but the Ledger Nano X has them very well integrated.
The storage capacity of the Nano S was huge, but the company has designed this new device that can store up to 100 coins at a time.
The installation process is simple and easy. The device is compatible with Windows, Linux, iOS and Android devices.
The above was a short and concise review of the Ledger Nano X. Let’s take a closer look at this hardware portfolio, starting with unpacking the Ledger Nano X.
Contents of the Ledger Nano X-Box
When you open the box, you will see the Ledger Nano X wallet beautifully packaged. I must say that the presentation and the quality of the box are very good. The following items are included in the box:
- Ledger Nano X.
- 1 lanyard
- 1 USB Type-C cable
- Instructions for the first steps
- 3 repair sheets
The design of the Ledger Nano X is very elegant and the buttons are nicely integrated, as this designer really deserves an upgrade. The physical buttons make this device very secure, because if someone gains access to your PC without pressing these buttons, an intruder will not be able to transfer your parts.
All transactions must be confirmed by the user by pressing physical buttons, greatly reducing the chance of unauthorized transactions.
For the Nano X, the company used stainless steel and high-grade plastic.
The screen is very large compared to the Nano X, and there is a significant difference in overall size between the two devices.
The Ledger Nano X comes with a non-removable 100mAh battery, which is more than enough when you consider the size of the device and the ease of use. The battery can last 8 hours in standby.
You’ll notice a significant weight difference if you already have a Nano S. The Nano X weighs 34.2 grams, the Nano S weighs 16.2 grams.
Now comes the most important part of our Ledger Nano X test! This is the first and most important reason why we are thinking about a physical portfolio. So we can turn a blind eye to the look, the design and so on, but safety comes first.
So let’s talk about the security level of the Ledger Nano X.
The device is equipped with two secure chips. The manufacturer has installed new secure chips: ST33J2M0 (safe) + STM32WB55. The Secure Element chip is certified with a confidence level of 5+ according to the general criteria for evaluating information technology security.
The ST33J2M0 (secure) chip is used in banking services and passports. Here, in the Ledger Nano X device, it protects your private keys.
As far as you know, the Common Criteria for Information Technology Security Evaluation is an international standard for computer certification. The devices are tested for a certain level of burglary resistance, durability, functionality, etc.
The Nano X has been tested with a 5+ rating, which means you can rest assured that your device is safe, not because the company says so, but because it has been thoroughly tested. (Click for more information about CC EAL5+).
In addition, Ledger wallets run their own operating system, the Blockchain Open Ledger Operating System (BOLOS), which makes this device more secure. The BOLOS operating system is an open source project, and anyone can contribute to its security.
Skeptical about Bluetooth wireless connections? And just so you know: Yes, Bluetooth connections make devices vulnerable. Anyone with the necessary knowledge can use your connection, but this does not mean that your hardware portfolio can be hacked as well.
Ledger thoroughly tested the Bluetooth connection and determined that it would be very difficult for someone to hack the devices.
If this happens, an attacker will not be able to remove your tokens or read your private key.
How do you do that?
Since the secure chip is designed to protect your seed, no data can be exchanged without pressing physical buttons as described above.
The wireless ledger connection is secure but requires user cooperation. For example, a user may not authorize a device or transaction without checking the data on the screen of their hardware wallet.
If you still have doubts about reprogramming the Bluetooth connection, here’s a solid solution: use a USB connection for the first install, which is perfectly safe.
After you have created personal keys, you can use a wireless connection to send and receive documents.
The list of coins supported by the Ledger Nano X is very large. It supports over 1100 digital assets, including well-known currencies such as Bitcoin, Bitcoin Cash, Ripple, Ethereum, Litecoin, Dogecoin and all ERC20 tokens. The Ledger Nano X can store up to 100 coins at a time. Note that this limit may vary depending on the portfolios you have installed, for example. B. Standalone applications like Bitcoin require more space.
The previous Ledger Nano S model can store up to 22 coins, but the storage capacity of the Nano X is quite satisfactory.
Circulating coins can be sent and received directly through the official Ledger Live app. Below is the list of coins supported by Ledger Nano X:
- Monero (XMR)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Bitcoin Gold (BTG)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Pircoin (PPC)
- Signs (ZEC)
- Pulse (XRP)
- Stellar (XLM)
- Tether (USDT)
- Tron (TRX)
The Nano X and the S support the same components. Click here to see the full list of components supported by the Ledger Nano X.
At the time of writing, the Ledger Nano X is priced at $139 or ₹9768 or $125. The price may seem a bit high, but that’s the price you pay for owning a next-generation hardware portfolio. Its advanced features, size and intuitive design partially justify its price.
The company offers free delivery, which is also an important step.
International customers may have to pay customs duties.
Buy the Ledger Nano X now
In terms of safety, the two devices are identical. The only notable differences are wireless connectivity, more storage capacity, a large screen and a nice design.
Read: Ledger Nano X vs Ledger Nano S – which one should you buy?
Ledger Nano X.
- Price: $139 or ₹9768 or €125.
- New generation hardware
- White 34g
- 100 mAh battery
- More storage – up to 100 units
- Bluetooth or wired connection
- Large screen and overall size
- The price is high – the best for professional traders
Buy Nano X
Ledger Nano C.
- The price is $69 or ₹4843 or €62.
- Popular portfolio
- Weight 16,2g
- No battery
- Less memory – up to 22
- Wired connection
- Small screen
- Competitively priced – ideal for new traders
Buy Nano C
You need to research the requirements of your hardware portfolio. But to help you out, I suggest you go for the Ledger Nano S if you’re looking for a cheap way to store your cryptocurrencies cold. It lacks some advanced features, but it is just as secure as its successor.
If you like quality materials, the Ledger Nano X is for you. Nano X is the ideal solution for professional traders because they can use it on the go. No need to carry a USB cable when you travel. Simply slip this device into your pocket and connect to your smartphone via Bluetooth when needed to initiate transactions.
Nano X BookReview Frequently Asked Questions
What is the Ledger Nano X?
It is a small electronic device that allows digital currencies such as bitcoin, litecoin, ripple, ethereum and others to be stored securely in an isolated space. A device that performs this function is called a hardware wallet for cryptocurrencies.
Who should buy a household handbag?
Anyone with digital possessions can buy a hardware wallet to store them safely. In addition, these devices can be used as U2F keys for two-factor authentication.
What is Ledger Live?
Ledger Live is the official Ledger hardware wallet application for opening and sending or receiving stored coins. The application is available for desktop computers and smartphones.
Can I use Nano X on multiple computers?
Yes, you can use it on an unlimited number of devices. Just install the official Ledger Live application and configure it.
What if I lose my Nano X?
Very good question! When this happens, you can own a new hardware portfolio to restore your portfolios. When setting up this device, you receive 24 recovery seals that can be used to restore portfolio accounts should the device be lost.
If someone can’t afford a new device, they can use a wallet with free compatible coin recovery software. Below are some portfolios whose software is compatible with Ledger :
If you have a significant portion of your investments in cryptocurrencies, a hardware wallet is essential for you. As described above, exchanges are not safe for long-term storage of cryptocurrencies.
A new exchange is hacked every day, and the major exchanges do not provide private keys. In the world of cryptocurrencies, it is often said that if you don’t have private keys, you don’t really own the coins.
The hardware wallet allows you to keep your coins cold while spending them without exposing your personal keys to the internet. At the time of writing this article on the Ledger Nano X, I have not heard of a single case of theft related to this hardware wallet.
Owning a hardware crypto-currency wallet is a reliable and compelling fact.
If you ask me, it’s a big YES, of course. As soon as possible. Since I got one, I hardly think about protecting my coins anymore, I just keep my wallet and purses.
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