Ledger Nano X is a new type of crypto hardware wallet designed with smartphone users in mind. Unlike its predecessor Ledger Nano S, the Ledger Nano X comes with a Bluetooth connection, bigger screen and more internal space that allows you to install up to 100 different cryptocurrency wallets. So, if you are looking for a crypto wallet that allows you to access your crypto holdings on the go and maintain a diversified portfolio in one place, this Ledger Nano X review will answer most of your questions.
In this article, we will discuss:
What is Ledger Nano X?
Ledger Nano X is a hardware wallet that supports a variety of cryptocurrencies and is the latest addition to Legder's popular line of HD wallets. The launch of the Nano X came after the Nano X which is one of the most popular hardware wallets on the market, which first appeared in 2016. The Nano series supports over 5.500 cryptocurrencies.
This leverages the security, flexibility and ease of backing up wallets with hierarchical deterministic (HD) capabilities. Nano X provides cold storage by creating and storing your wallet's private keys offline. Furthermore, it can also natively manage ERC-20 and ERC-721 tokens. Ledger Nano X is a new hardware wallet that improves what can be seen as the disadvantages of the Ledger Nano S. It comes with:
- bigger screen
- Improved navigation system
- Mobile Ledger Live support for Android and iOS
- Extra storage space that allows you to install up to 100 different apps for different cryptocurrencies
- Rechargeable battery to power your device on the go.
The Ledger Nano X comes with several items, including:
- hardware portfolio
- USB cable
- intro booklet
- recovery sheets
- key chain strap
What Cryptocurrencies does Ledger Nano X support?
Ledger provides one of the most diverse supports for over 1100 different digital assets. It is designed in a way that allows you to install up to 100 different cryptocurrency wallet apps for all the most popular cryptocurrencies, including:
- Bitcoin
- Ethereum and all ERC-20 tokens
- Litecoin
- XRP
- TRON
- EOS
- Bitcoin Cash
- Monero
- Binance Coin
- Cardano
- Zcash
- Tether and many others.
Many of the assets supported by Ledger Nano X are not supported by competing hardware wallets like KeepKey or Trezor. Just like its predecessor, Ledger Nano X even lets you delete apps with full wallets as you can reinstall them at any time. All in all, Ledger Nano X is an excellent hardware wallet designed to store and manage multiple cryptocurrencies in one place.
What are the security features of Ledger Nano X?
The Ledger Nano X comes with two embedded chips, one responsible for the device's operating system (STM32WB55) and a separate one for private key cryptography and transaction signing (ST33J2M0). This composition makes the Ledger Nano X almost inaccessible the most critical information is displayed on the device's screen. It is protected by the BOLOS operating system of the device. Also, just like the Ledger Nano S, the Ledger Nano X allows you to set a password to protect it from unauthorized access.
Unlike its predecessor, the Ledger Nano X's convenience features and extras introduce additional points of failure. Bluetooth and more internal memory certainly increase the theoretical probability that advanced hackers and malware can exploit it. However, this scenario is highly unlikely if you follow the most basic security tips.
Encryption is truly the magical backbone of digital security, and even if your Bluetooth connection to your device has been compromised, hackers will not be able to intercept your device or your encrypted data. As such, the Ledger Nano X is undoubtedly a reliable and reliable cold storage solution.
Ledger Nano X design and usability
Ledger Nano X is very similar to the Ledger Nano S. Although slightly heavier and with a wider screen, both devices are relatively small, compact and easily fit in the palm of the hand. Another notable change is the navigation buttons. They are located in the circle on the side of the screen. Despite the new location, they still work the same way – you use them to navigate the menu. Pressing both at the same time means confirming or “entering”. Another significant design improvement is the actual screen size.
Much to the delight of most crypto fans, it finally displays all the addresses in the cryptocurrency wallet, so you don't have to scroll to be able to validate the entire address. Regarding usability, the most crucial change stems from the Bluetooth connection, which allows you to use your wallet and manage your possessions on the go using your smartphone. Although you can still connect it to your computer using the good old USB-C cable, Ledger Live mobile apps for Android and iOS phones make life much more comfortable from now on you can move funds quickly from your cold storage without reaching a computer.
In addition to using Ledger Live on your computer, the USB-C cable still fulfills the essential function of charging the device. Having a full battery ensures you can use the Ledger Nano X on the go whenever you need to. After reviewing the new Ledger Nano X, it's clear that Ledger listens to feedback from its customers. The Ledger Nano X is no exception, which is why it is one of the hottest cryptocurrency cold storage solutions of 2022.
Ledger Nano X worth it?
Ledger Nano X is fun as it is the next generation hardware wallet. It leaves older devices in the dust, but this also reflects on the price, so it is perhaps best suited for people who invest heavily in Bitcoin and altcoins. The best thing about the Ledger Nano X is its usability and convenience improvements that make it one of the most advanced hardware wallet options on the market.
How to configure Ledger Nano X?
- Connect your Ledger Nano X device to your computer and turn it on. Use the micro-USB cable provided in a box for a secure connection.
- Set up a PIN code. The device screen will light up and ask if you want to set it up as a new device. Use the top buttons to confirm this and set up a 4-7 digit PIN code. Whenever you select a number, confirm it by pressing both buttons at the same time. Write down or memorize the code, as you will need to enter it each time you use the device.
- Record your recovery phrase (seed). Then the Ledger Nano X will show you a series of 24 words. Record them in a secure, offline document. You can use the recovery phrase sheets provided that came with the device in the box. Make sure each word is registered correctly. Be careful, because if you lose your recovery seed, there will be no other way to get your funds back. Use a device like Cryptotag to get the best recovery seed
- Confirm your seed words. When you have finished writing your seed, the device will ask you to confirm it by asking for two random words from the seed phrase. For example, it might ask you to confirm words number 12 and 17 in the sequence. Use the buttons to navigate to the 12th and 17th words of your recovery phrase and confirm it.
- Install the Ledger Live App on your computer or smartphone. Ledger Live is a companion app for your hardware wallet. Download directly from the Ledger website. If you wish, you can also install Ledger Live on your phone. It will allow you to carry out crypto transactions using Ledger Nano X on the go.
- Set up Ledger Live and install wallet apps for your coins. Follow the onscreen instructions, set a strong password and install the cryptocurrency apps you want to keep on your Nano X. Please note that the Nano Ledger S has limited space when it comes to these apps, so you can install 3-5 of them until you get no internal memory.
- Create wallets and send cons. Follow the onscreen instructions to create wallet addresses for your coins and send them there. Here you have it, your own cool and secure cryptocurrency wallet!
Conclusion
Nano X is one of the best solutions available for cryptocurrency investors looking for a one-stop-shop device that allows them to maintain a diverse portfolio of cryptocurrencies, transact on the move and securely. However, it is priced at two Ledger Nano S's so it really depends on what kind of cold storage you are looking for the Nano Ledger S will still do this for all investors who own and trade less than 3 different digital assets or more, if most of them are ERC-20 tokens.
