Ledger Nano X Review

The cryptocurrency ecosystem has experienced a lot of exchange hacks, which has led to the loss of Bitcoins worth millions of dollars, e.g., MT. Gox, Poloniex, Binance hack, etc. Thus, the need for quality and secure storage of tokens is on the rise. Hard wallets are excellent for storing crypto assets, considering it is an offline wallet, thus cannot be hacked. Example of available hardware wallets includes Ledger Nano S, KeepKey, Trezor, Ledger Nano X, etc. In this article, we review Ledger Nano X. How secure is it? What are the improvements in comparison to Nano S? Find every detail in this all-interesting review.

What is Ledger Nano X?

Ledger Nano X is a new wallet released in March 2019 by Ledger Inc. This is coming after the release of its highly accepted product, Ledger Nano S, which has sold over 1 million units. The hardware functions using the company custom OS, BOLOS. It is designed with brushed stainless steel and plastic, weighs 34g, and has an inbuilt, irremovable battery of 100mAh. Unlike Ledger Nano S, it offers support for iOS devices alongside with Bluetooth connectivity. The new Ledger Nano X wallet is undoubtedly one of the most sophisticated hardware wallets with a CC EAL5+ secure chip. As an improved version of Ledger Nano S, it has added features to offer adequate security for your cryptocurrency assets. These are;

State-of-the-art Security:	The Ledger Nano X excellently protects user private keys and isolates them in the CC EAL5+ secure element. Each account is secured with a PIN code. Using a Bluetooth Low Energy security (BLE) model, the device only allows public data to be sent out from it. Also, before any action is carried out, the Secure Element requests user consent. Lastly, the Bluetooth protocol ensures that every connection to the device is also well encrypted.
Backup and Restore:	Nano Ledger X allows users to easily access their accounts in case of device loss using a confidential 24-word recovery phrase. To restore an account, you’ll need the recovery phrase, an iOS device (iOS 9 and above), or an Android (OS 7+), Linux, Mac or Windows operating systems and connect with the Ledger Live app. It is important to note that any account created on a Ledger Nano X wallet can only be recovered on an external wallet with the same standards.
Simplicity and Mobility:	It looks like a flash drive. Thus, it is a portable device that is easy to move about and hold. You can easily manage your crypto assets from anywhere via the Ledger Live mobile app.
Multicurrency Wallet:	It supports 79 coins and over 1100 crypto assets. These coins include Bitcoin, Ethereum, Dash, Litecoin, etc. Ledger Nano X also has up to 100 applications installed on the device for carrying out transactions.
Ledger Live:	This application is used to assist users to manage their crypto assets from their Ledger device easily. Ledger Nano app is available on Smartphones, i.e., Android, iPhone, and iPad. It is also available with Linux, Mac, and Microsoft Windows operating systems.
Battery:	It uses a built-in, irremovable Lithium-ion battery of 100mAh. This battery was designed to have a 5-year usage life span.
Account Management:	You can create and manage multiple accounts on a single Ledger Nano X wallet. It provides full access to full transaction history and information. You can also send and receive funds from one wallet to another.
Storage:	It has a storage capacity, which is five times that of Ledger Nano S to store assets.
USB/Bluetooth Connectivity:	It comes with a Type-C USB connector which can be connected to the computer to enjoy the features of the wallet. The wallet has Bluetooth enabled and creates an encrypted connection while sending data. You can also purchase the OTG Kit.
Cryptographic Support:	It provides support for many cryptographic protocols. However, it is not suitable for mining.
Recovery Sheet:	This is part of the full box package, and it is useful to write the recovery phrase for use in case of wallet theft.
Ledger Nano X price is $119. To purchase Nano X Ledger, visit the website.

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Pros and Cons of Ledger Nano X

Ledger Nano X is Ledger Inc. third product. It has additional improved features, which makes it better than Blue & Nano S. We have tested the wallet and noticed a few advantages and disadvantages relating to this device. These include;

Pros		Ledger Nano X is a highly secure wallet for your crypto assets. It has a CC EAL5+ secure element which protects user’s private keys from hackers. All accounts created are also secured with a PIN code. Also, the Bluetooth protocol ensures that the Bluetooth traffic is encrypted. Nano X is compatible with various devices, including smartphones and computers. It allows Bluetooth pairing with iOS and Android devices. It has a USB Type-C connector compatible with Linux, Mac, and Microsoft Windows operating systems. It provides supports for 1100+ crypto assets including coins and tokens. The device can also store up to 100 applications simultaneously. It supports software wallets such as Electrum, Coinomi, MyEtherWallet, MyCrypto, Mycelium, etc. Assets supported include Bitcoin, Dash, NEO, Ethereum, Ripple, etc. It provides backup/recovery option for the user to replace or clone device using a 24-word recovery phrase. Ledger Nano X is portable and easy to use with a large display, i.e., it has two buttons and one screen. You can use it for transactions anywhere with your Ledger Live companion app, and it provides an intuitive user experience. It has an enhanced hardware architecture with the ST33 secure element chip and has storage space up to five times that of Ledger Nano S.
Cons		It is not suitable for receiving proceeds from mining since the Bitcoin is received in bits. Sometimes, it leads to overheating of the secure chip.

Hardware Wallets Comparison

Nano X vs Nano S

Features	Ledger Nano X	Ledger Nano S
Weight	34g	16.2g
Dimensions	72mm x 18.6mm x 11.75mm	56.95mm x 17.4mm x 9.1mm
Wallet Type	Hardware	Hardware
Supported Cryptocurrencies	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more

Nano S is Ledger’s second generation hardware wallet. Both wallets support many cryptocurrency assets and can be accessed using the Ledger Live app. Nano X, however, has a slightly larger screen than Nano S. Also, Nano S is compatible with Android and computers while Nano X support includes iOS devices. Lastly, Nano S doesn’t have Bluetooth compatibility. Ledger Nano S price is $69. To buy, visit the store.

Trezor vs Ledger Nano X

Features	Ledger Nano X	Trezor
Weight	34g	12g
Dimensions	72mm x 18.6mm x 11.75mm	60mm x 30mm x 6mm
Wallet Type	Hardware	Hardware
Supported Cryptocurrencies	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more

SatoshiLabs manufactured the Trezor wallet. It has two models, namely Trezor One and Trezor Model T. Model T has a color touchscreen which makes it user-friendly. Also, it provides a backup/restore option using a 12-word recovery seed. It has similar characteristics with Nano X in terms of security, support for cryptocurrencies, etc. Model T supports Bitcoin, Bcash, Dash, Litecoin, NEM, Bitcoin Gold, and Zcash. It is priced at $165, a price higher than Nano X. The only notable difference between both wallets is that Nano X Ledger has Bluetooth and Trezor does not. To buy Trezor, click here.

KeepKey vs Ledger Nano X

Features	Ledger Nano X	KeepKey
Weight	34g	54g
Dimensions	72mm x 18.6mm x 11.75mm	38mm x 93.5mm x 12.2mm
Wallet Type	Hardware	Hardware
Supported Cryptocurrencies	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more

KeepKey is a new wallet released in 2015. It supports the least amount of coins amongst the two, i.e., seven currencies and other ERC-20 tokens. It is cheaper than Nano X and priced at $79. It supports a few software wallets, including Electrum, Mycelium, etc. Buy KeepKey here.

Ledger Blue vs Ledger Nano X

Features	Ledger Nano X	Ledger Blue
Weight	34g	90g
Dimensions	72mm x 18.6mm x 11.75mm	97mm x 68mm x 10mm
Wallet Type	Hardware	Hardware
Supported Cryptocurrencies	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more	BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH & 1,000+ more

Ledger is the first generation wallet released by Ledger Inc. It’s a smartphone-like wallet that supports over 30 cryptocurrencies. It is a safe and secure wallet. Unlike Nano X, it doesn’t have Bluetooth support. Ledger Blue is presently unavailable on Ledger’s online store.

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Ledger Nano X supported coins?

The Ledger Nano X hardware wallet supports over 1100 crypto assets, including 79 coins and 1105 tokens. The Ledger Live app natively supports about 22 cryptocurrencies while others can be added using third party software wallets. A few supported currencies are Ethereum, Dash, NEO, Ethereum Classic, Stellar, Bitcoin Cash, Ripple, Tether, Tron, Zcoin, Stratis, Bitcoin Gold, Qtum, IOTA, Waves, etc. Ledger Nano X bitcoin application is pre-installed on the wallet.

How does Nano Ledger X work?

The Ledger Nano X is a hardware with multiple features which can be used to manage cryptocurrencies, i.e., Bluetooth, USB, and Ledger Live app. To set up as a new device, take the following steps;

Download the Ledger Live client application for your Android, iOS, Linux, Mac, or Microsoft Windows device.
Switch on the Ledger wallet by pressing the button next to the USB port. Note: Release the button when the Ledger logo shows otherwise, the Bootloader menu comes up. Follow the on-screen instruction. To proceed, use the right button and the left button to back. To set up as a new device, press both buttons simultaneously.
Next, choose a Pin Code (4 — 8 digits), and you would receive a 24-word recovery phrase. Ensure you store your recovery phrase for to back up your crypto assets.

Having followed the above steps, you can now use your wallet to manage multiple accounts, send and receive funds.

Now, to set up a Bluetooth connection, take the following steps;

Ensure your Bluetooth is enabled on your smartphone and wallet. For Android users, switch on location services.
Open the Ledger Live mobile to start the pairing. The pairing code would be displayed on both devices. To confirm pairing on Ledger Nano X, press both buttons.

Note
Bluetooth pairing with computers are not available at the moment.

To use the wallet via USB

For desktop, use the USB-C cable that came with the wallet to connect to your computer and manage your crypto assets via Ledger Live.
For Mobile, use the OTG-kit cable to connect to your Android devices and manage transactions using the Ledger Live app or compatible applications.

Ledger Nano X accessories

The Nano X box contains 1 USB cable which is useful for connecting the wallet to the computer. It also includes Three recovery sheets to write down the 24-word recovery phrase attached to your accounts. It also contains one keychain strap for smooth movement of the wallet from place to place. Other accessories needed are provided in the OTG Kit, which includes cables and adapters to connect to your smartphone (iOS devices excluded).

How to update Ledger Nano X

There is presently no update to Ledger Nano X firmware version. However, you can update your Ledger Blue and Ledger Nano S to its own latest firmware version.

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