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Ledger Nano X Review: Is it The Best Crypto Wallet?

The Ledger Nano X is a high-end cryptocurrency hardware wallet that offers an impressive amount of features as well as top-tier security. The Ledger Nano X, along with the rest of Ledger’s products, such as the Ledger Nano S, have been extremely well received in the cryptocurrency community. The security of the hardware wallet, and its ability to send and receive over 1300 crypto assets and tokens make the Ledger Nano X, and the rest of the Ledger product line, extremely popular. Our Ledger Nano X review will help you decide if it is right for you.

Pros & Cons

Pros

  • Supports over 1300 crypto assets and tokens

  • Bluetooth enabled

  • Supports all major desktop and mobile operating systems

  • Private keys stored inside hardware wallet’s chip

  • Stores up to 100 applications including Bitcoin, Ethereum, and Bitcoin Cash

Cons

  • Fairly expensive

  • Cannot store more than 100 applications

  • Bluetooth only compatible with mobile app, not desktop

  • No assets or tokens can be purchased through Ledger Nano X

Ledger Nano S at a Glance

Wallet Type
Hardware+
Cost
$160-$180+
Trust rating
high
Overall rating

Best Features of the Ledger Nano X

The Ledger Nano X cryptocurrency hardware wallet currently supports over 1300 crypto assets and tokens, meaning that almost any cryptocurrency you can think of can be stored on the wallet. Ledger provides detailed technical support, as both physical instructions included with the wallet, and online instruction and troubleshooting.

It has secure Bluetooth capability which makes it even easier to use than the Nano S and it has a larger screen so it is easier to read as well.

Most Ledger Nano X reviews also highlight the large storage capacity for up to 100 applications meaning you are able to hold most, if not all your crypto assets on one device, making it extremely convenient as well.

What Cryptocurrencies Are Supported?

The Ledger Nano X supports over 1300 crypto assets and tokens including all the major ones such as BitcoinEthereumEOS and Litecoin and up to 1,250 ERC-20 tokens.

Here are some of the major cryptocurrencies that the Ledger Nano X supports:

For a full list of supported crypto assets and tokens please visit the official Ledger website.

 

Is the Ledger Nano X Safe?

Ledger has created its own operating system that the hardware wallet runs on called BOLOS and is the only company to provide this. Your private keys are stored and isolated inside the device on the most secure chip on the market. A PIN code is required to access the hardware wallet, and all transactions and changes made to the wallet’s settings must be confirmed by pressing the two physical buttons on the wallet.

In addition to the PIN, the Ledger Nano X allows for a passphrase to be created. Using this feature creates a separate account on the wallet, where you can store whichever assets you want, meaning even if your PIN is compromised, whatever accounts and assets you have stored with the extra passphrase cannot be accessed.

Finally, the Ledger Nano X uses a 24-word recovery phrase, rather than the standard 12-word phrase frequently seen for software wallets. This makes it even harder for your device, and therefore your assets, to be compromised.

Is the Ledger Nano X safe? We can conclusively say yes.

Supported Operating Systems

The Ledger Nano X cryptocurrency hardware wallet supports 64-bit desktop computer operating systems Windows 8 and up, macOS 10.8 and up, and Linux.

It is also compatible with phones with either Android 7 and up, or iOS 9 and up through the magic of bluetooth.

All of the Ledger Nano X’s communication goes its proprietary Ledger Live software, which actually offers a wealth of different cryptocurrency features including a portfolio tracker and even the ability to purchase cryptocurrency in some jurisdictions.

Potential Dealbreakers

The main downside with using the Ledger Nano X cryptocurrency hardware wallet is that it costs money to buy. The Ledger Nano X costs more than $150 before tax.

Some Ledger Nano X reviews will also point out the fact that Ledger, the company, had some of its user data leaked thanks to hackers in the summer of 2020. That data didn’t compromise devices but it did include some personal information like names and physical addresses. Some critics have argued that information shouldn’t even be required in the first place.

In addition some users will probably prefer the bigger touchscreens of devices like the Trezor Model T. That’s really an apples to oranges comparison and will likely come down to user preference.

The fact remains, however, that the Ledger Nano X is an extremely secure device. Aside from the cost there are very few downsides to the Nano X.

Ledger Nano X Frequently Asked Questions


The Ledger Nano X is so expensive because of its storage size, larger screen and Bluetooth capabilities. If the Ledger Nano X is out of your price range, Ledger also offers the Ledger Nano S, which is almost half the cost.


No, the Ledger Nano X does not have a touch screen. It has a built-in display which can be navigated with the two buttons on the top of the wallet.


No, the Ledger Nano X is not safer than the Nano S. Both hardware wallets use the same security chip, require a PIN code for access, and have a 24-word recovery phrase as backup. The main advantage the Ledger Nano X has over the Nano S is its ability to use Bluetooth and its increased storage capacity for applications.


No, Bluetooth does not make the Ledger Nano X hackable. This is because regardless of whether a transaction is sent via Bluetooth or through a software wallet app on your desktop, it still only exposes the public key required to fulfill the transaction. Your private keys are never exposed whether a transaction is done wirelessly or wired.


Some people buy both the Ledger Nano X and the Nano S because they already had a Nano S but would like the upgraded features of the Nano X, such as Bluetooth or added storage space.


No, the Ledger Nano X is not shockproof or waterproof. Dropping the wallet could cause damage to its internal technology, but assets can always be recovered with your seed phrase.


No, you cannot use your Ledger Nano X with Exodus Wallet. Exodus Wallet only supports the Trezor One and Trezor Model T hardware wallets at this time. The Ledger Nano X can be used with other software wallets such as MetaMask and MyEtherWallet along with 15 other software wallets.

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About the Author

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.

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Ledger Nano X

CryptoVantage’s pick for best hardware wallet