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The Ledger Nano X is the latest hardware wallet introduced by Ledger. In this post I will share my personal experience with the device and my thoughts about whether it’s indeed the best wallet around.
The Ledger Nano X is one of the best hardware wallets for storing cryptocurrency on the market. The Nano X is easy to manage and add to your portfolio thanks to well-designed and feature-rich mobile and desktop apps. The key concern is whether the display enhancements are worth the extra cost when compared to the previous generation.
The Ledger Nano X is one of the best hardware wallets for storing cryptocurrency on the market. The Nano X is easy to manage and add to your portfolio thanks to well-designed and feature-rich mobile and desktop apps. The key concern is whether the display enhancements are worth the extra cost when compared to the previous generation.
The Ledger Nano X is a high-end hardware bitcoin wallet designed to protect your digital assets. The Nano X stores your private keys offline, on the device itself, unlike hot wallets, which are connected to the internet and thus vulnerable to attack.
Ledger uses a custom developed OS (BOLOS) and a CC EAL5+ certified Secure Element (SE) chip to ensure the hardware is as resilient as feasible. ANSSI, France's national cybersecurity organization, has also assessed and validated the device's security.
The Nano X has all of the capabilities of its cheaper sister, the Ledger Nano S, but with the added capacity to hold a larger number of assets at once and manage your portfolio on the road thanks to a Bluetooth connection.
Because of the larger 100mAh battery, you may use this hardware wallet without needing to connect it to a power source while out and about.
While the Nano X is primarily aimed at HODLers, with to agreements with crypto exchanges Coinify and Changelly, as well as the DeFi protocol Compound, it's also straightforward to add to your cryptocurrency portfolio and put your assets to use.
What’s in the box Ledger Nano X ?
The hardware wallet, a keychain strap, and a USB C cable for charging or connecting to a PC are all included in the Ledger Nano X's compact 8x13x3cm box. A multilingual quick start guide, three "recovery papers" for backing up the hardware wallet, and stickers are also included.
Price of the Ledger Nano X.
The Ledger Nano X will set you back $119. Free shipping to practically every country is also included.
Ledger Nano X Supported Coins
All main coins, as well as other altcoins and ERC-20 tokens, are supported by the Ledger Nano X, including:
- Neo - NEO
- Tron - TRX
- Tether - USDT
- Monero XLM
- EOS - EOS
- Dash - DASH
- Litecoin - LTC
- Ripple - XRP
Simply go to "Manager" to add a new currency to your device. Then, on any currency you want to add to your Nano X, tap the blue install button:
Ledger Nano X vs Ledger Nano S
What's the difference between the Ledger Nano X and the Ledger Nano?
The Nano X costs $150, compared to $59 for the Nano S.
The Nano X is compatible with iOS devices, but the Nano S is limited to desktop computers and Android devices.
They both back the same cryptocurrency.
In addition, the Nano X has a little larger screen with a greater quality. Unfortunately, the Ledger devices still lack a touch screen.
Finally, the Nano X is simply a more serious, heavier device.
Who Should Buy a Ledger Nano X ?
- Users that require a wallet that supports multiple signatures.
- Users with a large number of coins.
- Traders who trade frequently.
Pros and Cons Ledger Nano X
Pros Ledger Nano X
- User friendly
- USB-C cable
- Bluetooth Enabled
- Improved display
- Multi-signature Support
- Passphrase support
Cons Ledger Nano X
- Increased Cost
- Doesn't validate change addresses on the device itself
Is the Ledger Nano X Safe ?
A ledger hardware wallet device has never been hacked remotely. However, some people have been successful in stealing money from a device they have obtained.Overall, the Nano X is extremely secure in comparison to many other wallets.
How Does Ledger Nano X Work ?
The Ledger Nano X functions in the same way as an Air Gapped PC. The private keys (which grant you access to the blockchain's currency) are stored on a chip that is never connected to the internet.
The Nano X is used to sign transactions delivered to the gadget. This prevents any malware or ransomware from accessing your keys.
What happens if I lose my Ledger Nano X ?
What if I misplace my Ledger Nano X?
It's nothing to be concerned about if you misplace your Ledger Nano X. (most likely). You were given a 24-word phrase when you set up your Nano X.
This allows you to recover your wallet if you misplace it, it is damaged, or it is stolen. If someone finds your nano X, they are unlikely to be able to obtain your coins unless they are extremely proficient and have plenty of time before you shift them to a new wallet.
What if Ledger goes out of business?
Your coins will be safe even if Ledger goes out of business. The wallet works regardless of whether or not Ledger is still active.
Tag:
Crypto-Wallets
