Although it was only launched in 2014, Ledger has quickly become a reputable brand in the crypto wallet world. Today, the company has over four million customers in more than 200 countries. In 2019, they launched a new hardware wallet solution called Ledger Nano X.
This cold wallet lives up to the brand’s reputation and offers a secure cold storage solution. It uses the latest security standards, the same ones applied in protecting passports. If that sounds tempting, keep reading our Ledger Nano X review to learn more about this wallet!
Ledger Nano X Product Details
- Release date: 2019
- Type: Hardware (cold) wallet
- Dimensions: 72×18.6×11.75mm
- Weight: 34 grams
- Connector: USB Type-C
- Compatibility: Windows, Mac, Linux, iOS, Android
Ledger Nano X Pros and Cons
Pros
- Easy to connect to your phone via Bluetooth
- The display is large and simple to use
- Can hold up to 100 apps simultaneously
- Durable materials to ensure maximum longevity
- It comes with a keychain strap
- A high level of security
- The device goes to sleep if it’s inactive for a certain time
Cons
- It’s not the cheapest solution out there
- The product isn’t suitable for mining
- It doesn’t support ARM processors or 32-bit desktop computers
How Does Ledger Nano X Work?
The wallet offers a device-based storage option. Ledger Nano X stores your private keys to access crypto assets on USB drives. That enables offline storage, which means it’s much harder for hackers to get their hands on your funds. Ledger Nano X uses top-notch security measures to ensure that’s almost impossible. That means you can expect the highest level of asset protection, which is exactly what a hardware wallet should provide.
Once you get this wallet, you need to go through an installation process to set everything up. The process has seven steps, and you’ll need about 15-30 minutes to finish it. After setting the device, you can use a USB cable to connect it to your computers. If you want to connect it to smartphones or other mobile devices, you can use Bluetooth.
Ledger Nano X Features
The Importance of Security
Ledger Nano X keeps all your private keys on a chip. The trick is that the chips themselves can’t connect to the internet. Instead, you sign transactions with the Nano X. That ensures there’s no risk of someone unwanted accessing your keys.
Even if you lose your wallet, you are most likely safe. It would take much time and skill to figure out the protection levels. As for you, there’s a way to restore the wallet. All it takes is to use the recovery phrase you received. However, make sure to write it down because it’s the only backup you have.
Excellent Compatibility with Other Devices
The product supports all popular operating systems, including iOS, Android, macOS, Windows, and Linux. It doesn’t work with some older versions for security reasons, and it lacks support for ARM processors.
You can download the Ledger Live app on your mobile phone. Users can buy and exchange currency while using Bluetooth to monitor their funds closely.
Huge Product Capacity
It’s easy to keep all crypto in a single place with Ledger Nano X. It supports more than 1,800 different tokens and can hold up to 100 apps simultaneously. That’s considerably higher than the Nano S, which is the light version of this wallet. The supported currencies include all major players, such as Bitcoin, Ethereum, Monero, etc.
Durable Materials and Beautiful Exterior
They thought of everything at Ledger. First, they used top-quality brushed stainless steel to ensure maximum device longevity. The lithium-ion 100mAh battery is relatively durable. You can see the remaining battery indicator on the device, which helps to avoid problems with draining it.
Ledger Nano X is light and compact. It combines black and gray colors for a modern design. You receive a keychain strap, which allows carrying the wallet along with your keys.
