Ledger Nano X
- 1 Ledger Nano X Review: Brief Introduction to the Company and Its Portfolio
- 2 Nano X Ledger: PROS
- 3 Nano X Ledger: CONS
- 4 Ledger Nano X compared to Ledger Nano S
- 5 What's in the Ledger Nano X Wallet Pack?
- 6 How to Configure Ledger Nano X?
- 7 How to Receive Funds
- 8 How to send funds
- 9 Ledger Nano X: Conclusions
With the growing popularity of cryptocurrencies, there is also a growing need for secure wallets. Storing your cryptocurrencies online may not be the best idea, however, hardware wallets really are reliable when it comes to holding large amounts of cryptocurrencies. That's why this Ledger Nano X review might be just what you're looking for.
In this review of Ledger Nano X, we'll provide all the details about this hardware portfolio, including information about the company currencies supported by Ledger Nano X, pros e consAs well as Additional Details.
By the end of this analysis, you should be able to decide whether or not the Ledger Nano X wallet is suitable for your needs.
Pros / Cons
- Can be managed from a mobile device
- very secure
- Supports over 1500 cryptocurrencies
- Comfortable design
- Relatively expensive
Without further ado, let's jump into the details about the company and the Ledger portfolio.
Summing it Up: Ledger Nano X is the leading cryptocurrency hardware portfolio on the market. It offers maximum security, supports over 1500 cryptocurrencies, can be managed from your mobile device and offers a more comfortable design compared to the company's previous version. Even though the Ledger Nano X is relatively expensive, its new features are worth it.
Ledger Nano X Review: Brief Introduction to the Company and Its Portfolio
The Ledger was founded in 2014 by eight experts with expertise in cryptocurrencies, embedded security, entrepreneurship and other security solutions for blockchain applications.
Currently, the company has more than 130 employees em Paris, Vierzon and San Francisco.
interesting fact: Ledger is so popular it has already sold over 1 million devices. Impressive, right?
Ledger portfolio is highly recommended for people who prioritize safety. Is very more reliable than software portfolios connected to the Internet and can be hacked at any time.
As it is a cold wallet, all assets transferred to Ledger Nano X are kept offline.
Let's get into the details when talking about security in this Ledger Nano X review.
Nano X Ledger: PROS
Let's start this review of Ledger Nano X from the positives. Consider each of them before making the final decision.
" The Ledger Nano X is secure?” — this is one of the main questions cryptocurrency enthusiasts ask before buying this device. For that reason, we want to make this very clear once and for all.
Ledger Nano X can provide you with the maximum in security. It is a wallet hardware (also known as cold wallet), which means all your Bitcoins, Litecoins and other altcoins will be Securely Stored Offline. That said, a hacker simply cannot access it online.
You may notice that Ledger Nano X has Bluetooth Low Energy connectivity (BLE) which allows you to use it without the need for a cable.
While wireless connection seems very convenient, it can also raise some security concerns. However, before going to conclusions, let us assure you there are no security issues when it comes to Ledger Nano X.
Once only public data are transferred via Bluetooth and your private and seed keys never leave the device, there's no reason to worry about that.
The company highlights the fact that even if someone hacked into the Bluetooth connection, Ledger Nano X introduces Secure Element (SE) who asked for your permission before making any changes.
In addition, it is important to mention in this Ledger Nano X analysis that the company has developed a unique operating system called BOWLING which integrates a secure chip for the Ledger wallet line. Ledger is the only portfolio on the market that offers this technology.
Also, once you receive your Ledger Nano X device, you will have to create a pin code of at least 4 digits.
Make sure you keep this code for yourself. In case you forget your pin, there is a 24-word retrieval phrase that you will receive to create a new pin.
That said, you shouldn't be wondering “is Ledger Nano X safe? ” Why is it one of the safest cryptocurrency wallets on the market?
Now how Ledger is a hardware portfolio, It is critical to consider your protection from physical harm.
The good news is that Ledger Nano X is made with highest quality materials which can protect the device from physical damage. How the cover is made of stainless steel, it is fully protected if you drop it.
(also known as hot wallets) work totally different.
Generally, they can be downloaded on desktop or mobile devices. Many people choose hot wallets because most of them are totally participation (except for fees) and are super easy to use.
In most cases, even people who are using them for the first time can learn quickly.
However, what is important to understand is that you must never keep large amounts of cryptocurrencies in software wallets — a hacker can install malware on your device and infect it using a keylogger which allows you to steal private keys from your wallet and own your cryptocurrencies. Doesn't seem very safe, right?
Of course, we're not saying that all software portfolios are bad; they simply are not as reliable as the hardware options. That said, you should only store an amount that you don't feel sad about losing to hackers.
Supports Major Cryptocurrencies and Much More
If you don't like conventional cryptocurrencies like Bitcoin or Ethereum, but prefer less popular options, it's crucial to be aware of the currencies supported by Ledger Nano X.
After all, there is no such device that supports all existing cryptocurrencies.
Ledger Nano X supports 1.500+ coins and tokens, including the most popular cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- USD Tether (ERC20) (USDT)
- Bitcoin Money (BCH)
- Litecoin (LTC)
- Binance Currency (BNB)
- EOS (EOS)
Ledger also supports other less popular altcoins, so even if you like less conventional cryptocurrencies, I bet you can find your coin.
Design and Usability
appearance of Nano X Ledger is almost the same as the company's first model — Ledger Nano S. The only differences are that she is a little heavier and has a wider screen, however, you can still put it in your hand easily.
Os navigation buttons are located close to the screen, just like the previous model. If you want to press "enter”, just hold the two buttons together.
In summary, it's safe to say that Ledger Nano X's design is more advanced compared to the S version. As you have a bigger screen, it's easier to see the wallet addresses and all the other necessary details.
Going further, if you want to connect Ledger Nano X to your computer, you can do so using a USB-C cable, however, there is also the possibility to use your wallet using a smartphone.
The last option is much more comfortable as you can transfer your funds to the hardware wallet instantly. However, it can also raise some security issues (due to the Bluetooth connection) that we mentioned earlier in this Ledger Nano X review.
Thus, Ledger Nano X comes with some really amazing updates that make the whole process of using this hardware portfolio much friendlier.
Nano X Ledger: CONS
While the Ledger Nano X comes with some great features, there's also something you should consider.
When it comes to hardware wallets, one of the main issues is that you really need to buy them. although your prices tend to vary, the Ledger Nano X is one of the most expensive options.
Currently, Ledger Nano X price is €119,00. Compared with the models which is €59,00.
However, don't forget that Ledger Nano X is a new and improved version that comes with really attractive features that you won't find in any other wallet on the market.
While price is one of the main reasons people choose software wallets (most of them are free), the safety must always come first when it comes to storing cryptocurrencies.
Imagine losing all the coins you store in your software wallet just because you didn't want to buy a hardware wallet.
Ledger Nano X compared to Ledger Nano S
We keep saying that Ledger Nano X is a new and improved wallet that can provide you with even more features, however, how does it differ from Ledger Nano S?
For the sake of clarity, I would like to provide you with a quick comparison of these two devices.
|Ledger Nano S||Ledger Nano X|
As you can see, there are some major differences when it comes to Ledger wallets. The Ledger Nano X can support up to 100 apps, has a larger screen that improves usability, and offers Bluetooth compatibility that lets you manage your Ledger wallet from your mobile device.
Although the Ledger Nano X is twice as expensive, it comes with features that totally worth the price.
What's in the Ledger Nano X Wallet Pack?
Ledger Nano X comes with a package that contains 5 elements, including:
- 1 USB C cable
- 1 keychain strap for device
- 3 Recovery Sheets
- 1 first steps explanatory leaflet
- The Ledger Nano X device itself
Although later in this Ledger Nano X review you will find all the information you need on how to use the device, there is always an explanatory leaflet to guide you through the process.
How to Configure Ledger Nano X?
There are six steps to follow when the creation of Ledger Nano X.
Step 1: Get Ledger Live.
Ledger Live is the software needed to configure your device and manage cryptocurrencies. You can download the desktop application for Windows, Mac and Linux on the official Ledger website and get a mobile app on the App Store or Google Play.
When downloading an app, add an account that will allow you manage the cryptocurrency.
Step 2: Configure as a new device.
To set up a new device, you need turn it on first. just press and hold the button next to the USB port until you see the Ledger logo.
Once you're done, you'll need to read the on-screen instructions. You can proceed by pressing the right button and back by pressing the left button.
When you see “Set up as a new device” on the screen, you need to press both buttons simultaneously.
Step 3: Choose a PIN code.
After performing all the previous steps, it's time to choose a pin code. Just press both buttons simultaneously until you see “Choose PIN code" on the screen.
Use either button to select a digit and press both buttons simultaneously to validate it. Your code must consist of 4 to 8 digits, so when you're done, pressure "✓”. Enter the PIN again to confirm it.
Step 4: Write down your 24-word recovery phrase.
After entering the PIN code, you will see the recovery phrase on the screen. Since it will only be provided once, be sure to write it down carefully.
To start, press the two buttons and you will see the word #1. Write and press the right button to move to word #2. Continue until you have all 24 words. Again press both buttons to continue.
Now, using the left and right buttons, you need select recovery phrase #1. Continue until all 24 words are confirmed. And, your device is ready! Press both buttons and access the Dashboard.
Step 5: Install the apps.
When the device is ready, you can install apps on it. To do this, just go to Ledger Live Manager and choose the apps you need.
All the most popular cryptocurrencies are available, you can find Bitcoin, Ethereum, XRP, Litecoin and many other apps.
Now you can access the Ledger Dashboard.
How to Receive Funds
To receive cryptoactives, you first need to make sure you have Ledger Live along with an account created, as well as the necessary application.
For example, if you want to receive Ethereum, you need install the Ethereum app. After doing this, follow these steps:
Step 1: press the Transact tab which you can find at the bottom of the app.
Step 2: tap “Receive".
Step 3: choose the account to use.
Step 4: confirm that the address shown on Ledger Live matches what you can see on the device.
Step 5: copy the address and share it with the person who will send you the funds.
Even though we've already seen that it's a Ledger Nano X wallet safe, you should still be careful and make sure the address you share with others is the same address you originally provided.
How to send funds
Before sending funds, you need enter the transaction details. Here is a quick guide on how to do this:
Step 1: press the Guide transact which you can find at the bottom of the app.
Step 2: tap “Transfer".
Step 3: choose account for which you want to send funds.
Step 4: insert the of recipient address. You can do this manually or by tapping “Scan QR Code”.
Step 5: enter the amount you want to send.
Step 6: Press "Continue".
After entering the transaction details, you will need check and sign. Here's how you can do this:
Step 1: check the transaction details and if they are correct, touch "keep on going".
Step 2: make sure your device is turned on and unlocked and select the Ledger Nano X to send.
Step 3: open the cryptographic application and touch "keep on going".
Etapa 4: Review all transaction details and verify they are correct. When you're ready to check it out, press two buttons.
Step 5: your transaction has been verified!
It might seem a bit challenging to use this hardware portfolio, however if you've followed this review of Ledger Nano X this shouldn't be a problem.
Ledger Nano X: Conclusions
Therefore, the Ledger Nano X é one of the most trusted hardware portfolios from the market. Since it's a cool wallet and your private keys are kept offline, hackers don't have access to it.
Also, compared to the Ledger Nano S, the latest model offers better usability.
In addition to letting you use a mobile app to manage cryptoactives, it also has a bigger screen which makes browsing more comfortable.