Ledger Nano X Review

Ledger Nano X Review 2024: Is It the Ultimate Hardware Wallet?

The Ledger Nano X is a secure cryptocurrency hardware wallet. Its Bluetooth connectivity and interoperability with many other cryptocurrencies make it a versatile alternative for varied investors. The chip’s encrypted private keys safeguard the gadget contract data from theft and hacking.

The Ledger Nano X cryptocurrency wallet is more expensive than competing hardware wallets, but its security and simplicity justify the price. Its 100-app limit and mobile-only Bluetooth connectivity may deter some users.

Long-term cryptocurrency storage is secure and reliable with the Ledger Nano X. Diversified portfolio investors benefit from its improved security and compatibility. The Ledger Nano X is a top hardware wallet with excellent security and simplicity if you can overlook its limited app storage and mobile-only Bluetooth connectivity.

Who Should Use the Ledger Nano X?

Since it is well protected, individuals who purchase and sell cryptocurrencies usually use the Ledger Nano X. They may have a wide range of cryptocurrency-supported coins. They want ledger hardware wallets that can store all of them reliably.

It is an ideal hardware wallet that works amazingly with more than 1,300 leading cryptocurrencies and tokens, making it an appealing option for people willing to invest in a diverse portfolio. 

The device connects via Bluetooth and works with most desktop computers and mobile platforms. These ultra-features give users a unique perspective and convenience in managing their cryptocurrency assets.

It is for users willing to pay more for a device that offers top-notch security and works with a wide range of digital assets. This group wants admin rights to a dependable ledger compatible with mobile devices that can be easily accessible anywhere in the world.

For Beginner Traders

The Ledger Live Nano X is the perfect hardware wallet for beginner traders concerned with securing their digital currencies without sacrificing convenience.

The interface is simple enough for learners to pick up instantly, and it is compatible with all the popular desktop versions and smartphone operating systems, including Android and iOS. Bluetooth connection and encrypted private keys are beneficial to safe trading.

For those who place a premium on safety and portability, the Ledger Live Nano X is the best option for getting started with cryptocurrency wallets. It has easy on-screen instructions that help you manage all your digital assets efficiently.

Biggest Drawback

Despite being widely acclaimed as one of the most capable hardware wallets accessible, the Ledger Nano X may be too luxurious for some traders to purchase. The Ledger Nano X’s substantially higher cost than its competitors could be a deal breaker.

The Ledger Nano X’s steep price tag is a major turnoff for customers not interested in its advanced features. All consumers are advised to carefully consider and compare their needs and budget before deciding if the Ledger Nano X is the ideal fit for them.

Geographical Availability

The Ledger Nano X can be acquired and distributed to locations including but not limited to the United States, Canada, Europe, and Asia.

In areas where its use is prohibited by law or where delivering the wallet is an issue, it could impact significant logistical challenges, distribution, and delivery.

Legal limitations may also hamper the usability of Bitcoin hardware wallets like the Ledger Nano X on their application in certain countries. Investors should also review if the device’s purchase violates any protocols regarding purchasing, possessing, or using cryptocurrencies.

See the list of supported locations, unavailable countries, and expected release dates here. Investors interested in whether or not this product is sold in their country can also get additional information by contacting customer support.

What makes Ledger Nano X a good choice?

Let’s continue our Ledger Nano X review by examining its strengths and what makes it unique from other wallets to protect all your digital assets.

User Interface and Experience

The Ledger Nano X is one of the most user-friendly hardware wallets. It supports several popular decentralized apps, including MetaMask, Uniswap, and the most well-known DEX’es. Although numerous software wallets can be used as a substitute for the Ledger Nano X, they enjoy a different level of universal popularity.

Always purchase directly from the official website to guarantee that your Ledger Nano X arrives in its original, tamper-evident packaging and not with an old ledger logo.

After removing the Ledger Nano X from its packaging, download the Ledger Live application and connect it to a desktop computer or connected mobile device through a USB-C to USB-A connection or Bluetooth. The design and interface of the Ledger Nano X hardware wallet make getting started simple, and detailed instructions are accessible online and within the official Ledger live app.

Security

The Ledger Nano X is one of the most secure crypto-safe gadgets today. Ledger’s hardware wallet is the only option that runs on BOLOS, an operating system created in-house by the company.

The most cutting-edge security chip stores your private key in complete isolation from the rest of the device. To access the hardware wallet, you need to enter a PIN code and authenticate all transactions and configuration changes. You must press the wallet’s two physical buttons.

To access the device, you need a passphrase and a PIN. In contrast to the standard 12-word recovery phrase used in software wallets, the Ledger Nano X uses a 24-word recovery phrase. The possibility of your device and, by extension, your data being compromised increases even further.

Payment Methods

It costs approximately $119 – $130 and can be purchased with a debit/credit card or cryptocurrency. Ledger provides free shipping, and the delivery time for the equipment is often within a week.

This device is typically in super demand in the crypto bull market, and sometimes users have to wait more than a week. 

Order the two-in-one bundle instead of just one wallet. Having multiple hardware wallets will ease your worry about losing access to your money and your entire portfolio.

Disadvantages of Ledger Nano X

Let’s look at some of the disadvantages of Ledger Nano X.

A Higher Price Tag

However, the Ledger Nano X is more costly than competing hardware wallets. Yet, $119 (shipping extra) may be prohibitive for some customers.

Even through this, the price of the Ledger Nano X is not unreasonable when considering its additional capabilities, which include more storage space for applications, Bluetooth connectivity, and an intuitive user interface.

Heavier

The fact that the Ledger Nano X is bulkier and heavier than, for example, the Ledger Nano S may be an issue for certain people.

Although it may be fine for some individuals, feedback has specified that it is not precisely convenient to carry around at all times.

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Disorienting for First-Time Users

Using a Ledger Nano X wallet for the first time can be intimidating if you’ve never used a cold wallet. Ledger Nano X customers, especially those just starting with cryptocurrencies, may find the UI confusing and cumbersome.

After you learn how everything works, you could find it quite simple.

Unalterable Batteries

The battery in the Ledger Nano X is not removable. You’ll have to get a new wallet if the battery dies.

While the battery is designed to last approximately five years, some users may find this inconvenient because they prefer replaceable devices.

Bluetooth Security Threats

The Nano Ledger live mobile stands out from other wallets since the wallet can sync with a user’s mobile device through Bluetooth.

Regrettably, privacy concerns accompany this feature as well. In 2019, a flaw in the Ledger Nano X’s Bluetooth connection was discovered, which allowed attackers to s2eize control of the wallet.

This event highlighted Bluetooth connectivity’s vulnerabilities, and Ledger swiftly addressed the issue with a firmware update. Those concerned with privacy may want to connect their Ledger Nano X through a USB cable instead of wireless Bluetooth to avoid potential hacking.

Ledger Nano X Review: Top Features & Perks

Bluetooth Connectivity

The Bluetooth connectivity of the Ledger Nano X is an outstanding feature. The Ledger Live software, compatible with iOS and Android phones, enables users to integrate the device with their mobile device.

This functionality allows users to manage their Bitcoin holdings effortlessly without a desktop computer or USB cord.

Large Storage Capacity

The Ledger Nano X can hold many applications, up to 100 in total. This eliminates the requirement for consumers to keep several Bitcoin wallets on their devices.

The device’s 128MB of internal memory enables faster app administration and immediate confirmation of financial transactions.

Very Easy to Use

The Ledger Nano X’s user interface should be easily navigable by someone without prior knowledge of cryptocurrencies. The ledger manager makes option selection and purchase confirmation straightforward with a tiny display and two buttons. The ledger manager includes an instruction handbook for initial use.

Sound and Secure Chips

The Ledger Nano X protects cryptocurrency’s valuable assets using secure chip technology. The device incorporates a certified secure element (CC EAL5+), the same security standard used in passports and credit cards.

This eliminates the chance of hackers stealing cryptocurrency by acquiring access to private keys for individual accounts. A PIN code lock screen is also included to prevent unauthorized access to the device.

Assistance for Numerous Assets

The Ledger Nano X can store all your digital assets and trade over 1,800 top digital currencies, including Bitcoin, Ethereum, Litecoin, etc.

The gadget also supports the vast majority of ERC-20 tokens needed to fuel decentralized applications on the Ethereum network. As a result, it is a helpful tool for those with diverse Bitcoin holdings.

Alternatives for Data Backup and Restore

The private key can be backed up on the Ledger Nano X using the provided recovery sheet. In the event of device loss, theft, or damage, the recovery sheet enables users to restore their cryptocurrency holdings to a new device. The device’s private key can be recovered using seed phrases if the recovery sheet is lost or damaged.

Duration of Battery Life

The Ledger Nano X has an inbuilt battery that can operate the gadget and computer for up to 8 hours on a single charge. The package includes a USB-C cable, enabling you to power both the gadget and computer. This device boasts a longer battery life compared to the Ledger Nano S, which, without a battery, requires a continuous connection to a computer or USB charger.

Customer Support

Ledger supplies an array of effective channels for communicating with customers. Support is available via a Help Center and many social media platforms. Clicking the Help Widget button on support.ledger.com allows users to submit a ticket for more in-depth help and assistance with complex issues.

Users can go to Ledger Support on Twitter, Ledger on Reddit, Ledger on Youtube, Ledger on Facebook, Ledger on Instagram, and Ledger on TikTok for news and information about Ledger products.

Weekly Ask Me The company also hosts anything (AMA)/onboarding sessions as live social media events. The help section of Ledger includes timetables with all the details. Due to concerns for its users’ privacy and the security of digital assets, Ledger does not offer mobile support.

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More details

The Ledger Nano X is a must-have, secure hardware wallet for cryptocurrency. It features easy mobile pairing, a sleek design, Bluetooth support, and robust security features like a safe chip and two-factor authentication.

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  Supports 5500 various cryptocurrencies.

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  Private keys are encrypted.

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  Desktop and mobile devices are supported.

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  Bluetooth enabled.

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  Allow 100 apps storage.

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  Fairly overpriced against the competition.

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  Only 100 apps are allowed.

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  Bluetooth works solely with mobile.

Step 1: Visit the official Ledger website

Visit the official Ledger website using your phone or desktop. Click the [Shop] button on the middle of the page.

Step 2: Pick your product

Once on the Shop page, choose your preferred color on your Leder Nano X. Then click the [Add to cart] button.

Step 3: Checkout

After clicking Ledger Lano X click the [Checkout] button.

Step 4: Add in your shipping details

Once you have added your shipping details, click [Continue].

Step 5: Complete the order

Next, choose your preferred payment method. You can choose between a credit card, PayPal, Crypto.com Pay, and Bitpay.

Once chosen, click the [Complete Order] button.

Congratulations! You have officially ordered your Ledger Nano X.

How to set up your Ledger Nano X account

The Ledger Nano X is managed completely using the Ledger live software. Ledger Nano X’s Bluetooth connectivity facilitates easier remote device administration. Also, it works with both desktop and mobile.

Unboxing: Ledger Nano X may occasionally report a low battery upon unboxing. Plug the USB cable into a wall outlet or other power source.

Start the installation using these easy steps:

Step 1: Installing the Ledger Live from Install Apps

Install the Ledger Live app from your mobile device’s Google Play Store or App Store. Launch the app once it is downloaded.

‘Welcome to Ledger Live‘ will appear on the screen. Click the [Getting Started] button to begin the installation.

Choose [Ledger Nano X] as the appropriate hardware in the menu.

There are four options available after you select the device:

• Import desktop accounts
• Initialize as a new device
• Restore from recovery phrase
• Use initialized device

To install a new device, click the [Initialize as a new device]. 

Step 2: Initializing the Ledger Nano X

Push the two large circular buttons on the Nano X, one black and one grey, to power your Nano X smartphone.

It directs you to the Ledger Live app download page, where you can get the software and online instructions. Since we did that in the previous step, that is already done.

The gadget will verify that you’ve installed the Live app.

Further, on-screen prompts will appear after that. Click both buttons simultaneously when acceptance or confirmation is desired.

Set up a fresh device:

After following the on-screen prompts, the following would appear on your Nano X’s display: Configured as a fresh device. You can start the installation procedure by clicking both buttons.

Step 3: Enter the PIN Code

Nano X hardware wallet then requests a 4–8-digit PIN code.

Choose a PIN by pressing both buttons. Click left or right to scroll numbers. Click both icons to confirm your PIN.

Nano X lets you validate a PIN code of four, five, six, seven, or eight digits. It requests confirmation after saving the PIN code.

Step 4: Write Down “The Recovery Phrase”

Next, your Nano X displays: “Write your recovery phrase.“

This 24-word phrase is your seed phrase, and anyone using these phrases can access your seed phrase and wallet. Make sure to take extremely good care of it.

Continue by pressing both device buttons. Choose the first word by clicking right.

Nano X offers many first-word possibilities during confirmation. Browse, choose, and confirm with both buttons. Confirm all 24 words this way. If you did everything right, your Nano X would display: “Your device is ready.”

Access Dashboard appears after clicking the right button. Use both buttons simultaneously to enter the device’s dashboard.

Congrats! You’ve initialized your Ledger Nano X.

Step 5: Connecting Nano X to Ledger Live

Connect your mobile phone and Nano X. Restart Ledger Live on your phone.

Answer security questions next. You’ll see the following image on your Ledger Live app.

Now it’s time to link things together. Press [Add new Ledger Nano X]. The Live app will locate your Nano X in 10 seconds. If this happens, your Nano X will display a Bluetooth confirmation code. Click both buttons to confirm.

Ledger Live then requests a password.

Open the Control Center by holding both buttons for a few seconds. Go to [Security] –> [Reset Pairings].

This resets Nano X Bluetooth connections. After this, Nano X should appear on your phone.

Step 6: Create Accounts

Ledger Nano X is initialized and linked to the internet. Here you can create a Bitcoin wallet.

Launch Ledger Live on your phone. Since no apps or accounts are installed, you’ll see this picture:

From the bottom menu, choose [Manager].

Your device will display its supported cryptocurrency in different apps. We recommend installing Bitcoin first.

From Live, select [Accounts]. The Live app then requests you to launch Nano X’s Bitcoin app. It starts synchronization in  10-15 seconds.

Install each cryptocurrency app first. You can then create unlimited accounts.

The Ledger Nano X is now ready!

In A Nutshell

One of the safest and most feature-packed hardware wallets available now is the Nano X. If you invest in a large screen diverse array of crypto assets, you will appreciate the nano device’s 2MB of storage and Bluetooth-enabled portability for managing your crypto on the go.

Using Ledger Live and your Nano X, you can trade one cryptocurrency for another or buy and sell cryptocurrencies for fiat currency.

Research other crypto wallets before buying the Nano X or any other crypto wallet. Nonetheless, remember that hardware wallets such as the Nano X maintain their reputation as one of the safest methods for storing cryptocurrency, particularly for high-volume investors or those planning to HODL over an extended period.