We’ll go over what you need to know about Ledger’s top-of-the-line system in this Ledger Nano X review. The Ledger Nano X is the company’s most recent hardware wallet.
The device’s key premise is that it’s the simplest way to keep your Bitcoin and cryptocurrencies secure offline. In the case of Ledger, a so-called “stable feature” was used. This enables you to store your coins in a safer cold offline environment.
This enables you to store your coins in a safer cold offline environment. This prevents malware from accessing the private keys. This means that software wallets would be more secure.
Regrettably, the stable component isn’t open-source. We can confirm that this cryptocurrency hardware wallet is very simple to use after checking it.
What is Ledger
The Nano X is a high-end hardware cryptocurrency wallet that is designed to hold your digital assets secure. The Nano X holds your private keys offline, on the computer itself, unlike hot wallets, which are attached to the internet and therefore vulnerable to attack.
Ledger uses a specially designed OS (BOLOS) and a CC EAL5+ approved Secure Element (SE) chip to ensure the hardware is as resilient as possible. ANSSI, France’s national cybersecurity agency, has also audited and checked the device’s protection.
Although the Nano X is premeditated primarily with HODLers in mind, it’s also modest to add to your cryptocurrency portfolio and place your holdings to use, obligations to partnerships with crypto exchanges Coinify and Changelly and DeFi protocol Compound.
Using the Nano X is very simple and straightforward. Everything will go well when all the button are available and working swiftly. When the device is on, make use of the button to navigate left and right within menus, and pressing both at once that will go on and confirm your selection for ease use.
Nevertheless, this method feels a little awkward at times, particularly when it comes to ebbing back to a previous menu, and left us desiring for a touchscreen or at least a third button.
When it comes to handling your crypto, the device will need to be aquiline up to either the Live desktop or mobile application, via a USB-C to USB-A cable for the former and Bluetooth for the latter. Natural customers can access all major operating systems, covering Windows, macOS, Linux, Android and iOS.
Equally the desktop and mobile applications are simple to use, all credit to a modest design and unsoiled interface. The numerous functions are housed in transparent tabs in the sidebar on desktop and bottom nav bar on mobile. That alone will offer you a clear picture of what you will be doing without any hassle.
Connecting the Nano X with the Ledger Live apps is unpretentious enough, as long as the you keep an eye on the instructions. If you fail to note down your 24-word recovery phrase could lead to disaster, for example, but that’s part and parcel of safeguarding crypto by means of a hardware wallet.
The only problem you can come across setting up a Bitcoin account via the app, which necessitates you to select between two different address formats. The app could do a better job of enlightening the difference for crypto beginners, despite the fact that the topic is covered off on the website.
When it comes to rival hardware wallets, the biggest competitor to the Ledger Nano X is the Trezor Model T. Both devices carris premium feel and are pretty sealed from a security perspective; it’s only a few small differences that comes with these devices.
The Nano X is to some extent cheaper, but the Model T brags a touchscreen interface, which is desirable to two-button system. The device has instinctive apps for a wider range of display place, but the Model T is totally open source and therefore more transparent.
Both businesses also compromise cheaper but slightly less feature-rich alternatives: the Nano S and Trezor One.
The other choice is to keep your cryptocurrency in a leading and trending wallet – that include Exodus, Electrum or Wasabi – all of which are totally free.
Unlike wallets involved to crypto exchanges, non-custodial hot wallets give you mechanise over your private keys. The only disadvantage is that these wallets are connected to the internet, and are therefore prone to cyberattacks.
Ledger products & services
The main possibility of support is the general information base on the Ledger website. Here, you’ll find detailed info on setting up your wallet as well as transferring crypto for the first time. At the same time, also deep-dives into the more difficult features and potential technical faults.
Academy, temporarily, is a wholly free resource intended to help novices learn more about the esoteric world of cryptocurrency and the fundamental technology, blockchain.
If you still can’t discover what you’re considering for in the knowledge base and FAQs, you can make use of the website’s live chat feature or you can go on and submit a ticket via the online contact form. The support team there will assist you with all the knowledge you want along with the products and services that are in place.
Nevertheless, while Ledger bids its customers a range of diverse support resources, it would be careless of us not to mention the security crack suffered by the company in the summer of 2020, which exposed the personal information of various customers.
Having increased access to the company’s e-commerce database, hackers were managed to lift a variety of personally identifiable data, such as names, email addresses and home addresses. This data was later issued online and used by criminals to intimidate and extort owners of Ledger crypto wallets. But that does not have to scare you because the services now are comes with vibrant security features that can quickly notify if there are any form of glitches that are happening.
Ledger Live App
Live is a branded wallet interface software for desktop and mobile devices. At the same time, it makes it easy to connect to a Nano X and send and receive a multitude of coins speedily and easily via Bluetooth connection. You can use it on desktop or a mobile app. And you can do it whilst on the go.
Nevertheless, there is a cost to this straightforwardness. On most blockchain, dealings must be transmitted via a node on the network, be it for Bitcoin or Ethereum. When you use Ledger Live, you are using Ledger’s corporate nodes to transmit your transactions. For that reason, Ledger will know all of your public addresses and, as well as how much Bitcoin you own.
The device claims they can’t tie names to Ledger Live accounts. But in crypto its well not to trust anyone and use a wallet interface that uses a full node you run yourself. This is more complex than most users are willing to put up with and the device does a great job of making it very easy.
Just be conscious of the tradeoffs and what is significant to you: privacy or ease-of-use. That way you will be fully aware of what you need to do whenever you are trading.
The Nano X chains a wide range of coins and digital assets together with all the major coins as well as other altcoins and ERC-20 tokens, such as:
- Neo – NEO
- Tron – TRX
- Tether – USDT
- Monero XLM
- EOS – EOS
- Dash – DASH
- Litecoin – LTC
- Ripple – XRP
If you want to add a new coin to your device, just go to “Manager”. From there you can click the blue install button on any coin you want to add to your Nano X. That way you will be good to go and start trading.
Ledger Wallet Package
The Nano X comes stunningly packaged with the device itself, a USB-C cable, a set of instructions along with recovery seed cards. The aforementioned bulgy buttons that are on top of the device are now flawlessly combined on it in a way that’s even difficult to identify. All in all, it is a beautiful design that entice you get yourself one.
The Nano X device screen is much bigger comparing to Ledger’s previous hardware wallet, the Ledger Nano S. The buttons are much better and they are also easy to click.
The Ledger Nano X supports quite a number of languages. The setup process will be showed in the language of your choice. Therefore, you don’t have to worry if you are not an English reader.
Ease of Use
You should also keep in mind that the device will not give you a hard time when you are using. Its ease of use feature allows every user to make sure that they understand every concept when they are using this device.
Even though the process is clumsy sometimes, it doesn’t mean you will have a difficult time in using the Ledger Nano X. Rather you will find yourself learning as you go.
How to get started
Although the Nano X uses its own operating system on the device is still compatible with iOS, MacOS, Android, Windows and even Linux. It likewise works with desktop wallets like myetherwallet as well.
This clearly shows that getting started with Ledger is very simple. All you need to do is making sure that you set up your wallet very well and you will be good to go. Don’t fret, we are going to share with you how you can set up your ledger account without any hassles.
How to set up the device wallet
There are numerous stages you’ll need to go through in order to set up your Nano X and we are going to highlight some of the crucial steps that you need to take.
When you power up the device for the first time it will ask you to pick a 4-8 digit PIN code. You can pin between numbers using the buttons, while “enter” is achieved by pressing both buttons concurrently.
There is a seed phrase available that is more like a password to your wallet. This is something that you should keep safe and secure. However, when you are initializing your device you are going to receive 24 words that you are supposed to write down on a piece of paper. In the event that the device is lost you are able to recover your funds using the seed phrase.
Since the seed phrase is very important you need to make sure that you always write it down so that you are able to recover it.
Now comes the exciting part, linking the Nano X with your mobile device. Previous Ledger versions were only organized via the desktop software known as “Ledger Live”. Now the new enhancement is that the Nano X can also be controlled via the Ledger Live mobile app.
Coupling the device should be equally simple and straightforward, but regrettably, that’s not what most users experience. Some will come across a buggy and that might take them two tries to get it to work.
The process becomes even more unwieldly when you start monitoring the device from the app. Almost every time you perform an action on the app you need to wait for the Bluetooth connection and support the action on the device itself.
More frequently than not, the device doesn’t show the “support” choice and you just need to delay a few seconds for the action to be auto approved. It’s quite a process that you need be patient with and with that in mind you will learn how to understand the steps.
Once you are done pairing the device you can go on and install different apps of your choice. That only depends on the coins that you want to use.
Sending & Receiving Coins
Using the Nano X to send and receive cryptocurrency is a gentle wind. With the device connected to the device Live app, transactions can be set up and approved smoothly without any hassles. The wallet also supports a whopping 1,800 different crypto assets.
However, what sets the Nano X apart is the capacity to purchase crypto unswervingly via the Live app. Doing so permits you to avoid any transaction fees you would experience by purchasing crypto via an exchange, and then triggering a transfer to your wallet. That alone will allow you to have ease transaction process whatsoever.
Ledger Live also includes some DeFi functions, permitting you to put your crypto to work, as well as imposing protection to it. A corporation with lending protocol Compound allows you to lend Ethereum-compatible assets at the same time accumulate interest as a reward for accumulation of liquidity to the network.
Above all, the Swap tab provides you the chance to directly exchange one crypto asset for another (e.g. Bitcoin for Ether), which is a speedy way to expand your portfolio without switching back out to fiat currency.
Nevertheless, you need to keep in mind that the feature is not available in certain countries and region. Some of the countries include the USA and Japan.
The Nano X is new therefore, the different is not that much.
The Nano X costs $119 vs $59 for the Nano S. The Nano X connects to iOS devices, whereas the Nano S only perform with desktop computers and androids. In addition, they both support the same coins.
The Nano X also carries a somewhat larger screen that displays at a higher resolution. Regrettably, still no touch screen for the devices. Finally, the Nano X is just a studier, heftier device.
The Nano X supports over 1000 coins and tokens. The key coins can be sent / received through the Live software interface.
Is Ledger X Safe?
Yes, all your details are kept safe with this device and you will not be exposed to any form of hackers online.
Pros & Cons
- Easy to use
- Highly secure
- DeFi functionality
- Striking design
- Navigation could be simpler
- On the expensive side
- Recent Nano data breach
Why Choose this wallet device?
When it comes to rival hardware wallets, the adjoining opponent to the Nano X is the Trezor Model T. Both devices have a finest feel and are pretty sealed from a safety perspective; it’s only a few minor changes that differentiate them.
Does Ledger Support Cardano?
Of course! The Nano X and Nano S models support Cardano (ADA)
What is Ledger Live?
This is simply a software that allows you to have control on your Ledger Nano X hardware. You can download this to your desktop or use it via mobile app.
There’s no hesitation that Ledger made a huge determination to take their latest hardware wallet model to the next level. The mixture of the smooth device with the feature rich “Ledger Live” software creates a inspiration for handling crypto assets going forward.
After all have been said, not everything is totally refined on the Nano X. The UX for setting up the device requires a bit more held. At the same time, the Bluetooth connectivity experience is far from smooth.