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.

Ledger Nano X Overview

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Ledger Nano X

  • High-end wallet with top-tier security
  • Supports over 1300 crypto assets and tokens
  • Supports all major desktop and mobile operating systems
  • Ledger has developed their own operating system

Pros & Cons

The Benefits PRO's
  • 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
The Downside CON's
  • 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 X at a Glance

Wallet type: Hardware
Platforms supported: Windows, MacOS, Linux, Android, iOS
Price: $160-$180
Cryptocurrencies supported: Bitcoin, Litecoin, Bitcoin Cash (1,337+ others)
Device size: Small
Released: May 2019
Pin code protected: Yes
Built-in display: Yes
Mobile support: Yes
Trust rating: High

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.

The wallet has a 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:

  1. Bitcoin
  2. Ethereum
  3. Bitcoin Cash
  4. Litecoin
  5. EOS
  6. Stellar
  7. Ripple
  8. Cardano
  9. Monero
  10. Dash
  11. Dogecoin
  12. NEO
  13. Vechain
  14. BAT
  15. OmiseGO

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.

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. Apart from the cost, there is essentially no downside to the Ledger Nano X, as it is extremely secure.

Ledger Nano X Frequently Asked Questions

About the Author

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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.