Is Ledger Nano X the best wallet for crypto?
We will be reviewing the Ledger Nano X in detail today to see if it is worthwhile our time and money.
What is the Ledger X Nano?
Ledger Nano X allows you to store unlimited Bitcoin, Ethereum (all ERC20 coins), and many other supported blockchains. The Ledger Nano X cold storage wallet offers top-tier security.
You can ensure the safety and security of your cryptocurrencies by using a Ledger nano X hardware wallet. Your private key is stored in Ledger Nano X hardware devices. This means that your seed words (password for accessing your crypto) are never shared with the outside world. Ledger Nano X is one of the most secure hardware wallets. You should read my previous post about the best hardware wallets if you’re new to the idea of hardware wallets.
ScreenUSB-CCertified Secure Chip (CC EAL5+), NFTs managingBluetooth Connection
The Ledger Nano X is a USB drive that can be connected to your mobile device or laptop using Bluetooth. This wallet is the next-generation of hardware. Before the “X”, Ledger, a Paris-based company, had “Ledger nano S” which did not have Bluetooth functionality. We will be comparing Ledger Nano S to Ledger Nano X and we will discuss these differences in our comparison guide. Ledger Nano X is superior to Ledger Nano S, but that’s all for now.
Regular firmware updates are available for Ledger Nano X to improve security and add new features. This wallet can hold all the most popular cryptocurrencies.
This video shows you how to set up Ledger Nano X with a mobile device.
What Crypto Assets can be supported by Ledger nano X?
All popular blockchains are supported by Ledger Nano X. You can store Coins or tokens on these blockchains, for example:
Bitcoin.Ethereum. Bcash (BCH)EOS.Stellar.Litecoin.Monero.Ripple (XRP)ADASolanaNEARAVX
Ledger Nano X allows you to manage over 5500 coins or tokens. The complete list of supported coins for Ledger NanoX can be found here.
What is Ledger Live?
Ledger Live, the companion app for Ledger Nano X, is Ledger Live. Ledge Nano X is the companion app for Ledger Nano X (Hardware). The Ledger Live app is free and available for all mobile and primary desktop operating systems. Any USB cable, C type to A type, can be used to connect your hardware wallet to Ledger Live.
Ledger Live app interface
Ledger Live offers many unique features, such as:
Monitor your portfolioReceive cryptocurrencies and send them using the Paraswap App (Permissionless).Buy crypto using Ledger Live appMonitor your NFT PortfolioManage cryptocurrencies on Ledger Nano X device
Interface and ease-of-use:
Ledger Nano X
The Ledger Nano X hardware wallet is the easiest to use. It’s also supported natively by most popular decentralized apps like Uniswap, Metamask, and all the famous Dex. Although there are many Ledger NanoX alternatives, none have the same support as Ledger wallets.
You will receive your Ledger Nano X in a temperature-proof packaging when you order it from the official website. Unbox your Ledger nano X and download the Ledger Live App. Connect your device to your computer, mobile or laptop using either the USC-C USB-A cable or Bluetooth. Your Ledger NanoX can be set up on either a desktop or mobile device. The interface and design are easy to use. There are plenty of instructions online to help you get started using the Ledger Nano X physical wallet.
Ledger Nano X security
Important: The screen will display your seed words. You need to take down these words on a piece or paper (also known as a recovery sheet). Three recovery sheets are provided by the ledger team in the box. This is your password to bitcoin and crypto. If you lose your Ledger Nano X, you can still recover your cryptocurrencies by using seed words. It would be a good idea to keep your seed word safe and secure. This guide will show you how to secure your seed words. Anyone interested in cryptography should read this guide.
Support is also provided by Ledger in the event of any bug or query in the software. You should only use the official chat support, FAQ or submit a ticket through the official online contact form. If you have any questions or problems with your Ledger wallet, you can get help.
There are many tutorials and guides available for Ledger NanoX users. You should never give out your seed words to anyone. Your seed phrase can be shared with someone like a password. They can then hack your cryptocurrencies from Ledger Nano X, or any other wallet you use or plan to use.
Ledger Nano X pricing:
The Ledger Nano X is $119. You can pay with credit card, debit card or cryptocurrencies. The device ships within one week and comes with free shipping This device is highly sought-after in the crypto bull market. You might need to wait more than a week. You might be able to get it as quickly as possible in the bear or sideways markets.
You can save money by ordering two wallets instead of one. The bundle would allow you to order the second as a backup. This logic can be found in my previous guide: Why two or more hardware wallets are recommended.
Where can I buy Ledger NanoX?
Ledger Nano X should only be purchased from the official website. In extreme cases, you can also purchase it from one of their authorized resellers. A few times, a Ledger Nano wallet ordered from eBay came with pre-filled seed words and the user lost all his cryptocurrencies. Reddit has more information about this. For extra security, make sure to order directly from the official site.
Is there a discount for Ledger Nano X purchases?
There is currently no Ledger NanoX discount. There are a few promotions throughout the year, and you can get a discount of 5-10%. To stay informed about the latest Ledger nano X discounts, you can sign up for CoinSutra email and join our Telegram channel.
Alternatives and competitors to Ledger Nano X:
There were very few alternatives back in the day. There are many alternatives to Ledger NanoX.
These are the best Ledger NanoX alternatives:
Ledger Nano S:
Ledger Nano S, an older version of Ledger Nano X, does not feature Bluetooth and has limited memory. If you are looking for a less expensive alternative to Ledger Nano X, then Ledger Nano S is the best choice.
Trezor Model T:
Trezor, another popular wallet company, has a Ledger T hardware wallet. It is safe and secure, just like the Ledger NanoX. Both the device and its test version are mine. I found Ledger devices more stable and user-friendly. Trezor Model T is around 249 euros.
This wallet is a beautiful alternative to the Ledger Nano X. This wallet offers vault-grade security and Bluetooth support. SecuX V20 features:
Secure Element Chip – Infineon EAL5+ certified Secure Element Chip – 2.8 inch largest color touchscreen – 1000+ tokens and coins support – Chrome and Android cross-platform Bluetooth / USB Type C connections
In the coming days, I will do a thorough review of SecuX V20.
My Ledger Nano X Experience:
As an engineer, and intrigued by the world of crypto gadgets in general, I ordered Ledger Nano X early. To help others get started with Ledger Nano X, I actually made some videos on our YouTube channel.
From a usability standpoint, Ledger Nano X exceeded my expectations. Ledger Nano S was my first device and I always had problems with the buttons and the small display. The Ledger NanoX display is larger and Bluetooth supports make it possible to use it even while you’re moving. You can add some spice to your Ledger Nano X experience by ordering accessories.
Ledger Nano S has a lower storage capacity than Ledger Nano S. I don’t need to uninstall the old version of the blockchain app. This part will be easier to understand once you use the device.
I like that Ledger Nano X can be used with a Metamask wallet. This makes your Metamask experience extremely secure.
This does not work with the chrome extension.
Ledger Live App (the companion software) can make your Ledger Nano X experience seamless. It is one of the most secure crypto wallets. Overall, I consider Ledger Nano X the best crypto wallet.
Conclusion: Ledger Nano X Review
Ledger Nano X has a $120 price tag and a remarkable track record. It is the perfect crypto hardware wallet. It feels premium and supports all major cryptocurrency. No matter where you purchase your Bitcoin, Coinbase or Binance will allow you to store unlimited bitcoin on your Ledger hardware wallet. Experts agree that Ledger NanoX’s security is unparalleled and unhackable.
It is a great value for money overall, and you should order a Ledger nano X.
These are the most frequently asked questions about Ledger Nano X.
Is Ledger supporting Cardano?
Yes, Ledger Nano X can be used as a Cardano cardano wallet.
What happens if my Ledger Nano X is lost or broken?
Your cryptocurrencies remain on the blockchain. Ledger Nano X helps you to keep your seed phrase and private key secure. Your Bitcoin and other cryptocurrencies can be recovered using the seed phrase that you recorded at the time of setting-up the Ledger wallet.