In this Ledger wallet review, we will explain what is Ledger Nano X? How does Ledger Nano X work? Is Ledger Nano x Safe? And How to Use Ledger Nano X?
Mohammad Humaid · Follow
21 min read · Feb 11, 2024
Security should always be the top priority for cryptocurrency holders, whether managing a modest amount of Bitcoin, Ethereum, and USDT or overseeing a substantial portfolio with significant value. When the safety of crypto assets becomes the top priority, hardware crypto wallets are the ultimate solution for the safe storage of your crypto assets.
As you might already know, the safest way to secure crypto holdings is undoubtedly through a hardware wallet because it stores your private keys offline, disconnected from the internet. On the other hand, software crypto wallets (desktop wallets and mobile wallets) share this critical vulnerability — they are connected to the internet, providing hackers with a starting point despite implemented security measures.
When we talk about the best hardware wallets, one name consistently emerges across every list, the Ledger Nano X — known for its advanced security features, mobile compatibility, and extensive crypto support, the Ledger Nano X earns its place among the best crypto hardware wallet in the industry.
Ledger Nano X Review: Final Verdict
The standout feature of the Ledger Nano X is its mobile compatibility via Bluetooth, setting it apart from its competitor, the Trezor Model T. This feature provides users with a great level of flexibility to access and manage their crypto on the go.
The Ledger Nano X supports a diverse range of cryptocurrencies, making it a versatile choice for users with varied crypto portfolios via Ledger Live — the official software companion of Ledger hardware wallets.
Additionally, the Ledger Nano X can integrate with over 50 third-party wallets to explore specific blockchain and ecosystems to their full potential, such as MetaMask, Phantom, TronScan, etc. This enables users to use thier preferred wallet app to manege crypto, NFTs and interact with DApps built on specific blockchains.
In this Ledger Nano X review, we will delve into all these features and find out what is Ledger Nano X? How does Ledger Nano X work? Is Ledger Nano x Safe? And How to Use Ledger Nano X?
What is Ledger?
Ledger is a French company that specialises in developing and selling hardware wallets and software solutions for securing and managing cryptocurrencies and other digital assets 1. Ledger was founded in 2014 by eight experts in cryptography, embedded systems, and security.
Ledger’s hardware wallet includes the Ledger Nano series, which are portable hardware wallet or “cold wallet” devices that allow users to store their private keys offline and access various blockchain applications.
The Ledger Live app is the official companion software of Ledger wallets that enables users to set up their Ledger cold wallets and manage crypto assets. Ledger’s technology is based on the use of secure chips and proprietary operating systems, which provide a high level of protection against hacking and tampering.
Ledger claims to have sold over 6 million devices and to have clients in over 200 countries. Ledger’s mission is to empower individuals and businesses to securely buy, store, swap, and manage their digital assets.
What is Ledger Nano X?
Ledger Nano X is a hardware wallet that allows you to securely store and manage your cryptocurrencies and other digital assets. It is a Bluetooth-enabled device that connects to your smartphone or computer and lets you access various blockchain applications.
Ledger Hardware Wallet supports over 1,800 coins and tokens, including Bitcoin, Ethereum, Solana, and more. It also has a large screen and a rechargeable battery. Ledger Nano X is one of the most popular and trusted hardware wallets in the market.
The Ledger Nano X has many advantages and disadvantages, depending on your needs and preferences. Here are some of the pros and cons of the device:
Pros:
- Ledger cold wallet is highly secure and reliable, thanks to its custom OS, SE chip, PIN code, and recovery phrase.
- Ledger Nano X supports a wide range of cryptocurrencies, including major ones like Bitcoin, Ethereum, and many altcoins. The wallet has a large storage capacity that allows you to hold up to 100 different crypto wallets at once.
- Ledger Nano X has a Bluetooth feature that allows you to connect it to your smartphone and use the Ledger Live app on the go.
- Ledger Wallet has a user-friendly and intuitive interface, both on the device and on the Ledger Live app. It supports various features and services that are available on different blockchains, such as swapping, staking, bridging, and collecting NFTs.
- Ledger Nano X supports over 50 integrations with third-party wallets and dApps, such as Metamask, MyEtherWallet, and Compound.
Cons:
- Ledger Nano X is priced higher than some other hardware wallets in the market. The cost might be a consideration for users on a budget, especially if they are primarily holding a smaller amount of cryptocurrencies.
- The Ledger cold wallet has a small screen, but some users may find it limiting in terms of display size and functionality, particularly when compared to larger devices or those with more advanced interfaces.
Let’s begin our Ledger Wallet review and answer some of the questions like how does Ledger Nano X work? Is Ledger Nano X safe? And how to use Ledger Nano X? We will also compare it with some other hardware wallets and highlight its advantages and disadvantages.
By the end of this Ledger Nano X review, you will have a better understanding of the Ledger Nano X and whether it is the right choice for you. You can buy the Ledger Nano X from the official website for $149 or €149.
Ledger Nano X Design and Interface
Let’s start our Ledger Nano X review by examining the design and interface of the Ledger Nano X. The user interface of hardware wallets is crucial, as it can be complex for users who are new to the crypto world.
The Ledger Nano X has a sleek and elegant design, with a brushed stainless steel cover. It has two buttons on the side that are used to navigate the menus and confirm actions.
The Ledger cold wallet has a user-friendly and intuitive interface, both on the device and on the Ledger Live app. The device has a clear and bright 128 x 64-pixel OLED screen that displays the information and options you need.
The Ledger device is lightweight and portable, measuring 72mm x 18.6mm x 11.75mm and weighing 34g. It features an inbuilt USB (resembling a flash drive), eliminating the need for extra cables to connect the devices. The Bluetooth feature also enables seamless connections with mobile devices.
Ledger Crypto Wallet also has a rechargeable 100mAh battery that can last for several hours of continuous use.
Security and Performance
Security is the most important element of any hardware wallet, given that the primary function of cold wallets is to safeguard private keys. In this Ledger Nano X review, we will explore the security features of the Ledger wallet device.
The Ledger Nano X uses a custom-built OS (BOLOS) and a CC EAL5+ certified Secure Element (SE) chip to protect your private keys and transactions from hacking and tampering12. The device also has a PIN code and a 24-word recovery phrase to prevent unauthorized access and restore your funds in case of loss or theft. The security of the device has been audited and verified by ANSSI, the French national cybersecurity agency.
The Ledger Nano X can process transactions quickly and smoothly, thanks to its powerful processor and memory. It can also handle complex operations, such as multi-signature and passphrase support. The device can also perform firmware updates without affecting your data or settings.
Connectivity and Mobile Support
In this Ledger Nano X review, we will dive into the wallet device connectivity features and mobile support that make Ledger Nano X one of the most advanced and convenient hardware wallets for daily use.
Connectivity: The Ledger Nano X has a Bluetooth feature that allows you to connect the device to your smartphone and use the Ledger Live app to manage your crypto assets on the go. You can also connect the device to your computer via USB and use the Ledger Live desktop app or a compatible web browser.
Mobile Support (via Bluetooth): The Ledger Nano X is compatible with mobile devices due to its Bluetooth feature. Users can use the official Ledger Live app to manage their crypto assets on the go. The Ledger Live app is available on both iOS and Android mobile devices.
You can also connect the Ledger crypto wallet with third-party mobile crypto wallets. We will cover third-party wallet integration in the next section of this Ledger Nano X review.
Not every hardware wallet offers mobile device compatibility, which is quite challenging for users to conveniently access their crypto funds. This is where the Ledger Nano X distinguishes itself as one of the most convenient hardware wallets for everyday use.
Third-party Wallet Integrations
The next part of the Ledger Nano X review is the integration features of the Ledger wallet with others that make it a more flexible and versatile crypto wallet.
Ledger Live, the official app for Ledger hardware wallets, is also a multi-cryptocurrency wallet designed for versatile purposes. However, the Ledger wallet may not offer the option to explore specific blockchain networks and ecosystems to their full potential.
This is why a third-party wallet enables you to connect your Ledger device with a dedicated crypto wallet built for a specific blockchain or network. It allows you to interact with decentralized applications (dApps) and access various features.
Ledger Nano X supports over 50 integrations with third-party wallets and dApps, such as Metamask, MyEtherWallet, Phantom, XRP Toolkit, Compound and many more. Here is a list of all the crypto wallets that are compatible with Ledger Nano X.
Some examples of third-party wallets that you can use with your Ledger Nano X are:
- MetaMask: A web browser extension and mobile app that allows you to access Ethereum and other EVM-compatible networks, such as Binance Smart Chain, Polygon, and Avalanche.
- Phantom: A web browser extension that allows you to access Solana and its tokens, as well as various Solana-based dApps and services, such as Serum, Raydium, and Solana Monkey Business.
- XRP Toolkit: A web-based platform that allows you to access XRP and its tokens, as well as various XRP-based features, such as escrows, checks, and hooks.
However, you should always make sure to get the third-party wallets from their official websites or app stores and avoid potential phishing attempts or malicious software. You should also check the compatibility and reputation of the third-party wallets before using them with your Ledger crypto wallet devices.
Ledger Nano X Supported Coins
One of the most important features of multi-currency hardware wallets is the supported cryptocurrencies and coins. This review of Ledger Nano X will explore its compatibility with various coins and tokens, as well as its ability to store and manage multiple crypto wallets simultaneously.
The Ledger Nano X supports over 1,800 coins and tokens, including Bitcoin, Ethereum, Solana, and more. You can view the full list of supported coins and tokens on the Ledger website.
Ethereum Tokens and NFTs: Ledger Nano X supports Ethereum (ETH) and Ethereum-based tokens (ERC-20 tokens). It also supports ERC-721 tokens, which are NFT standards on the Ethereum blockchain. You can also connect Ledger Nano X with MetaMask to interact with various dApps on the Ethereum blockchain.
Tron Coins: Ledger Nano X supports Tron (TRX) and TRC20 tokens, which are the native currency and smart contract tokens of the Tron network. You can manage your Tron and TRC20 tokens with Ledger Live, the official app for Ledger devices. You can also stake your TRX coins on TronScan by connecting your Ledger device to the website. TRC20 tokens that are not supported in Ledger Live can be managed using external wallets such as Klever or Tronscan.
Solana and SPL Tokens: Ledger Nano X is a hardware wallet that allows you to store and manage your cryptocurrency assets securely. However, you would need to use a third-party application such as Solflare or Phantom to access them, as Ledger Live does not support them yet. Read more about the best Solana wallets.
Binance Chain and BEP20 tokens: Binance Chain and BEP20 tokens are supported on Ledger Nano X. You can manage, send, and receive BNB and BEP20 tokens with your Ledger crypto wallet. Please note that not all BEP20 tokens are fully supported by Ledger Live, you can access them by connecting your Ledger device to a third-party wallet like Metamask.
The Ledger Nano X offers support for various coins, features, and services across different blockchains, including functionalities like swapping, staking, bridging, and collecting NFTs. Some of these features are directly accessible through the Ledger Live App, which serves as the official companion for Ledger wallet devices.
Ledger Live is a versatile wallet supporting numerous popular networks and coins. However, it may not provide the option to navigate specific blockchains comprehensively.
This is why, Ledger Nano X can be integrated with dedicated crypto wallets for specific blockchains, such as MetaMask for Ethereum and Binance, Phantom for the Solana ecosystem, and TronScan for the Tron blockchain can be utilized for a more tailored experience for specific blockchains network.
Check the “third party integration” section of the Ledger Nano X review for more details.
Wallet Storage Capacity
The Ledger Nano X has a larger storage capacity than the previous model, the Ledger Nano S. It can hold up to 100 different crypto assets at the same time, which means you can diversify your portfolio and access more opportunities.
You can also easily add multiple wallets across various blockchains, and remove any wallet from the device using the Ledger Live app.
Ledger Live App
This Ledger Nano X review would be incomplete without reviewing Ledger Live — the official software companion (or wallet) of Ledger hardware wallets.
The Ledger Live app is a companion software that enables you to manage your Ledger devices and crypto assets. The app is available for both mobile (Android and iOS) and desktop platforms.
The Ledger Live app allows you to view your portfolio, send and receive crypto, buy and sell crypto, swap crypto, stake crypto, and access various dApps and services. The app also allows you to add or remove apps from your device, update your firmware, and customize your settings.
The Ledger Live app also has a helpful and informative dashboard that shows you your balance, your portfolio distribution, your recent transactions, and your market data. The Ledger Live app also has a news feed that keeps you updated on the latest developments and trends in the crypto space.
The Ledger Live app also has a support section that provides you with useful resources, such as guides, tutorials, FAQs, and contact information. The app also has a community section that allows you to join the Ledger community and share your feedback and suggestions.
Ledger Nano X NFT Support
The final section covered in this Ledger Nano X review is the storage and management of NFTs.The Ledger Cold Wallet facilitates the storage of NFTs on all supported blockchain networks. However, Ledger Live, the official app for Ledger wallets, exclusively supports the display and management of NFTs on the Ethereum and Polygon networks only.
If you send and store NFTs on other blockchains supported by the Ledger device, such as Solana (SOL), Arbitrum (ARB), Avalanche (AVAX), etc., these NFTs will be securely stored on the Ledger wallet device but will not be visible or manageable within the Ledger Live app.
To view and manage these NFTs, you need to connect your Ledger Nano X to a third-party wallet that supports NFTs and is compatible with the specific blockchain network of the NFTs.
Staking on Ledger Nano X
Ledger Live supports staking for various cryptocurrencies, including Polkadot (DOT), Solana (SOL), Tezos (XTZ), Tron (TRX), Cosmos (ATOM), and Algorand (ALGO).
However, third-party wallet integration enables you to stake crypto on your preferred blockchain and interact with other DeFi apps built on that specific blockchain.
Is Ledger Nano X Safe?
The Ledger Nano X is one of the safest hardware wallets offering a high level of security, convenience, and functionality, and considered a secure hardware wallet for storing a range of crypto
Being a hardware wallet, the Ledger Nano X stores private keys offline, reducing the risk of exposure to online threats such as hacking or malware. Private keys are the most important element of a hardware wallet, which allows you to access your wallet and sign crypto transactions.
Ledger Nano X also incorporates various security features to protect the private keys of various crypto wallets. The devices come with a secure element chip to safeguard sensitive information and private keys against potential attacks. Users are required to set up a PIN code, adding an additional level of security to access the device.
Ledger crypto wallet is safe to use, as it does not expose your private keys or seed phrases to the internet, even when using Bluetooth. However, you should be aware of the potential risks of social engineering attacks, phishing scams, and data breaches that could compromise your personal information or trick you into revealing your credentials.
Therefore, you should always follow the best practices of security and privacy, such as using a strong PIN code, verifying the device’s authenticity, and keeping your seed phrase offline and hidden.
How to Use Ledger Nano X Device?
To set up your Ledger Nano X device, you will need to follow these steps:
- Download and install the Ledger Live app on your computer or mobile device. You can find the app on the Ledger website.
- Connect your Ledger Nano X device to your computer or mobile device using the USB cable or Bluetooth. Press the right button on the device to turn it on.
- Follow the instructions on the Ledger Live app to set up your device as a new device or restore it from a recovery phrase. You will need to choose a PIN code and write down your 24-word recovery phrase. Keep your recovery phrase in a safe and secret place, as it is the only way to restore your device and access your funds in case of loss, theft, or damage.
- Install the apps for the crypto assets that you want to manage on your device. You can do this by going to the Manager tab in the Ledger Live app and selecting the apps you want to install. You will need to confirm each installation on your device by pressing both buttons.
- Add accounts for the crypto assets that you want to manage in the Ledger Live app. You can do this by going to the Accounts tab and clicking on the + icon. You will need to connect your device and open the app for the crypto asset that you want to add. You can then give your account a name and choose the settings you prefer.
- Receive and send crypto assets using your device and the Ledger Live app. You can do this by going to the Accounts tab and selecting the account that you want to use. You will need to connect your device and open the app for the crypto asset that you want to receive or send. You can then scan the QR code copy the address to receive funds, or enter the recipient’s address and the amount to send funds. You will need to confirm each transaction on your device by pressing both buttons.
The Ledger Nano X is one of the most popular and trusted hardware wallets in the market, but it is not the only one. There are other hardware wallets that offer similar or different features and functionalities, such as the Trezor Model T and Ellipal Titan 2.0.
Here is a brief comparison of the Ledger Nano X with these other hardware wallets:
Trezor Model T vs Ledger Nano X
The Trezor Model T and the Ledger Nano X are two of the most popular and secure hardware wallets for storing and managing your crypto assets. They have some similarities and differences in terms of features, design, price, and supported coins.
Here is a brief comparison of the two devices:
- The Trezor Model T has a bigger and more colourful touchscreen display, which makes it easier to use and verify transactions. The Ledger Nano X has a smaller and greyscale OLED display, which requires more button presses to navigate.
- The Ledger Nano X has a Bluetooth connection, which allows it to work with mobile devices via the Ledger Live app. The Trezor Model T does not have Bluetooth, but it can work with some third-party mobile wallets via a USB-C cable or an SD card.
- The Ledger Nano X supports over 6000 coins and tokens, which is less than the Trezor Model T, which supports 8000 coins and tokens. However, both devices support the most popular and widely used cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
- The Trezor Model T has open-source firmware, which means anyone can inspect and audit the code. The Ledger Nano X has a closed-source firmware, which means only the Ledger team can access and modify the code. However, both devices have a certified secure element chip, which protects the private keys from physical and digital attacks.
- The Trezor Model T costs $219, while the Ledger Nano X costs $149. Both devices come with a USB-C cable, a recovery seed card, and a keychain strap. The Trezor Model T also comes with a magnetic dock and some stickers.
The bottom line is that both the Trezor Model T and the Ledger Nano X excel as devices for securing a wide range of crypto assets. However, the Ledger Nano X holds a slight advantage over the Trezor Model T, primarily due to its Bluetooth connectivity feature. This functionality enhances mobile compatibility, enabling users to manage their cryptocurrencies more conveniently.
Read full Trezor Model T Review
Ellipal Titan vs Ledger Nano X
Both Ellipal Titan and Ledger Nano X are hardware wallets designed to provide secure storage for cryptocurrencies.
Let’s compare some key features of both devices:
- Both the Ellipal Titan and Ledger Nano X are compatible with mobile devices and offer official mobile apps for managing cryptos more conveniently.
- The Ellipal Titan is a fully air-gapped wallet, which means it has no ports or wireless features. It uses QR codes to sign transactions, which are safe and easy to check. The Ledger Nano X connects to devices via Bluetooth and USB which is useful in case of third-party wallet integrations.
- The Ellipal Titan supports more than 10,000 cryptocurrencies on 51 blockchains, while the Ledger Nano X supports over 5,500 coins and tokens. However, both devices support the most popular and widely used cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
- Ledger Nano X takes a notable lead in terms of integration with third-party wallets. Ledger Nano X offers users the flexibility to integrate with preferred crypto wallets like MetaMask and Phantom. This extensive integration allows users to navigate specific blockchain networks and interact with dApps. On the other hand, Ellipal Titan offers limited integration with third-party wallets.
- The Ellipal Titan has a bigger and more colourful touchscreen display, which makes it easier to use and verify transactions. The Ledger Nano X has a smaller and greyscale OLED display, which requires more button presses to navigate.
The bottom line is that both the Ellipal Titan and the Ledger Nano X are great devices for securing your crypto assets. The best choice depends on your personal preferences, needs, and budget.
It is worth noting that Ledger Nano X boasts a longer presence in the hardware wallet industry, accumulating trust and a substantial user base over the years. This extensive history contributes to the device’s reputation for security and reliability. Notably, there have been no reported hack cases on Ledger Nano X devices, further solidifying its position as a trustworthy hardware wallet. In contrast, Ellipal Titan, while offering robust features, is relatively newer to the industry.
In conclusion, the Ledger Nano X stands out as a pinnacle of security and convenience in the world of hardware wallets, providing users with the assurance of offline key storage. The device’s most notable feature is its impeccable security design, allowing users to safeguard their cryptographic keys in an offline environment, thereby minimising exposure to potential online threats.
One of the Ledger Nano X’s standout features is its Bluetooth connectivity, a distinctive characteristic that sets it apart from its competitor, the Trezor Model T. This Bluetooth capability not only enhances user convenience but also makes the wallet seamlessly compatible with mobile devices, providing a level of flexibility and accessibility that is truly commendable.
Moreover, the Ledger Nano X supports a diverse range of cryptocurrencies, making it a versatile choice for users with varied crypto portfolios. The ability to integrate with third-party wallets dedicated to specific blockchains is a significant advantage. This integration empowers users to interact with decentralized applications (DApps), participate in staking activities, and navigate the crypto ecosystem with confidence.
The Ledger Nano X not only prioritizes security but also delivers user-friendly features, making it a top choice for those seeking a reliable and versatile hardware wallet. With the ability to store keys offline and the added convenience of Bluetooth connectivity, the Ledger Nano X emerges as a formidable ally for cryptocurrency enthusiasts looking to manage their assets securely and with ease.
Is Ledger Nano X Safe?
Ledger Nano X lets you securely store your cryptocurrencies and NFTs. The Ledger hardware device has several security features that make it safe to use, such as:
- A certified secure chip (CC EAL5+) that protects your private keys and seed phrases from physical and software attacks.
- An open-source operating system (BOLOS) that allows the community to audit the code and identify any potential vulnerabilities.
- A non-custodial wallet that gives you full control over your funds and eliminates the risk of a third party having access to them.
- A PIN code protection that prevents unauthorized access to the device if it is lost or stolen.
- A Bluetooth functionality that only transfers public data and does not expose your private keys or seed phrase.
How does Ledger Nano X work?
Ledger Nano X is a hardware crypto wallet device that keeps your private keys safe. Private keys are like passwords that let you access your crypto assets on the blockchain. You don’t want anyone to know your private keys, because they can steal your crypto if they do.
Just like any other hardware wallet, Ledger Nano X protects your private keys by keeping them offline, away from the internet. When you want to send or receive crypto, you connect your hardware wallet to your phone or computer and use an app to sign the transaction. Signing means you use your private key to approve the transaction, but you don’t reveal it to anyone.
The Ledger hardware wallet shows you the details of the transaction on its screen, and you confirm it with the buttons. This way, you can securely manage your crypto assets with a hardware wallet.
Ledger Nano X is one of the popular hardware wallets that has many features and supports many cryptocurrencies and NFTs.
How to transfer crypto to Ledger Nano X?
To transfer crypto to Ledger Nano X, you need to follow these steps:
- Connect your Ledger Nano X to your computer or smartphone via USB-C cable or Bluetooth.
- Install the Ledger Live app on your device and create a new account or restore an existing one.
- Choose the crypto you want to transfer and install the corresponding app on your Ledger Nano X.
- Generate a recovery phrase that acts as a backup of your private keys and stores it safely offline.
- Copy the address of your Ledger Nano X wallet from the Ledger Live app or the device’s screen.
- Go to the platform or wallet where you have your crypto and initiate a withdrawal to initiate the transaction.
- Paste the address of your Ledger Nano X wallet as the recipient and enter the amount you want to transfer.
- Confirm the transaction details and fees and submit the transaction.
- Verify the transaction on your Ledger Nano X’s screen and confirm it with the buttons.
- Wait for the transaction to be confirmed on the blockchain and check your balance on the Ledger Live app or the device’s screen.
