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.
By: Evan Jones | Dec 12, 2019 | Modified Jul 20, 2020
|Platforms supported:||Windows, MacOS, Linux, Android, iOS|
|Cryptocurrencies supported:||Bitcoin, Litecoin, Bitcoin Cash (1,337+ others)|
|Pin code protected:||Yes|
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.
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.
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.
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.
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.
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.