Bitcoin Hardware Wallet Ledger Nano X Review

Bitcoin Hardware Wallet Ledger Nano X Review

The Ledger Nano X has Bluetooth capability, an OLED screen, and support for over 1,000 cryptocurrencies, but is it worth buying? We’ll tell you the answer below.

Bitcoin Hardware Wallet Ledger Nano X Review
Since Bitcoin first appeared in 2009, the crypto community has made many attempts to build more advanced, secure and user-friendly digital currency wallets.

As of 2020, the type of wallet currently considered to be the most secure for storing Bitcoin is the hardware wallet.

A Bitcoin hardware wallet is a physical device that stores your Bitcoin private key in a secure offline environment. Ledger is one of the most prominent companies pushing the development of hardware wallets, and their representative product is the Ledger Nano S hardware wallet.

Now, the company has updated the Ledger Nano S product and introduced the next generation of hardware wallets, also known as the Ledger Nano X.

Is Ledger’s latest flagship device, the Ledger Nano X, worth buying? Let’s find out from below.

Contents.
I. The design and shape of Ledger Nano X
Second, what’s in the Ledger Nano X box?
Three, Ledger Nano X easy to use?
Four, Ledger Nano X how to use?
V. What are the features of Ledger Nano X?
VI. Crypto assets supported by Ledger Nano X
VII. Security of Ledger Nano X
VIII. Ledger Nano X Evaluation
I. The design and shape of Ledger Nano X
Bitcoin Hardware Wallet Ledger Nano X Review
The Ledger Nano X measures 72mm x 18.6mm x 11.75mm and weighs 34g, almost twice the weight and size of the Ledger Nano S.

One reason for the Nano X’s larger size is that it now has a built-in 100mAH battery, which means you can use it on the go, whereas its predecessor had to be powered by plugging it into a computer using a USB cable, plus it has added memory and a larger OLED screen.

As we can see, while the Ledger Nano X is much smaller than the KeepKey wallet and Ledger Blue, it is significantly larger than the Nano S and Trezor Model One. Nonetheless, it is still a very small device that is comparable in size to a regular USB drive.

Overall, the Ledger Nano X has a modern aesthetic similar to the Ledger Nano S and is also more streamlined, as the buttons are built into the body of the device and sit flush with the case.

Bitcoin Hardware Wallet Ledger Nano X Review
The Ledger Nano X may be bulky, but it seems to be more comfortable than other wallets.

Second, what’s in the Ledger Nano X box?
The Ledger Nano X comes in a small cellophane box measuring approximately 80mm x 131mm x 31mm. Inside, you’ll find the Ledger Nano X device, along with a braided USB A to USB C cable and a keychain strap. The included documentation includes the Getting Started manual, three sheets of backup paper (for recording private key mnemonics), and several stickers with the Ledger brand logo.

III. Is the Ledger Nano X easy to use?
Bitcoin Hardware Wallet Ledger Nano X Review
As you can see above, the Ledger Nano X’s large screen and buttons make it easier to use.

The Nano X may be heavier than the Nano S, but it is still a very small device. Navigating through such a small device isn’t very easy, especially considering it only has two buttons. However, since the Ledger Nano S has a significantly larger screen and controls, it is certainly an improved, less cumbersome experience compared to the Ledger Nano S.

Navigation on the device is done by scrolling left or right with the left and right buttons respectively, or by pressing both buttons at the same time to select options. Otherwise, most of the action actually occurs on the associated Ledger Live application, while the Ledger device itself is primarily used to verify addresses and authorize transactions.

The larger screen of the Ledger Nano X solves one of the most common problems regarding the Nano S, as the address can now be displayed in its entirety without having to scroll. One tricky issue is that the Nano X comes with a relatively short USB cable (only 50 cm long), which can be difficult to use if your computer is not in a convenient location.

IV. How does the Ledger Nano X work?
Bitcoin Hardware Wallet Ledger Nano X Review
To start using the device, you will first need to download and install the Ledger Live client for your operating system, currently available for most desktop operating systems, including Windows, Mac OS, Linux, and mobile operating systems such as iOS and Android.

Once Ledger Live is up and running, you can power up the Ledger Nano X device by pressing and holding the left button on the Ledger Nano X. You can then navigate through the boot screen to configure the device. You will need to set a 4 to 8 digit PIN and back up the randomly generated 24-character mnemonic displayed on the device. Overall, this process takes about 5 to 10 minutes and only needs to be completed once.

By default, the device does not come with any pre-installed wallet applications and you will need to download them manually by connecting the Ledger Nano X to Ledger Live. With its Bluetooth capability, the Ledger Nano X can be paired with a mobile device running Ledger Live wirelessly, or if you are using the device with a desktop, you must use the included USB cable.

V. What features does the Ledger Nano X have?
Bitcoin Hardware Wallet Ledger Nano X Review
As a hardware wallet, the Ledger Nano X is primarily designed to securely store Bitcoin and other crypto assets. The Ledger Nano X supports almost all major cryptocurrencies, while support for new cryptocurrencies will be added periodically.

The Ledger Nano X also increases the available memory from 320kb to 2048kb, overcoming one of the major limitations of the Ledger Nano S. This allows users to store up to 100 apps on their device at once, which is significantly more than the 3 to 7 apps that can be stored simultaneously on the Ledger Nano S. This means that the Ledger Nano X can currently hold an entire library of apps at once, avoiding the need to manually delete and close apps due to memory limitations.

While the vast majority of these apps allow the wallet to hold more cryptocurrencies, a few give the Ledger Nano X other features, for example, the FIDO U2F app turns the Ledger Nano X into a two-factor authentication key (i.e. Google Authentication), and the helper word checking app can be used to ensure that you have saved your helper words correctly.

In addition, the Ledger Nano X is the first cryptocurrency hardware wallet to include a built-in 100mAH battery, a necessary upgrade as the device now features out-of-the-box Bluetooth connectivity, which allows the device to connect wirelessly to mobile devices, whereas the earlier Ledger Nano S could only connect to mobile devices using the Ledger OTG kit.

In addition to this, Ledger has recently added support for Tezos (XTZ) collateral, allowing holders to securely delegate their XTZ and receive regular collateral rewards.

By adding wireless connectivity, increased memory and a larger screen, Ledger has clearly noticed the shortcomings of its earlier products and is working to make it easier to securely store cryptocurrencies.

VI. Crypto assets supported by Ledger Nano X
Bitcoin Hardware Wallet Ledger Nano X Review
The Ledger Nano X supports more than 1,000 digital currencies, including 23 tokens and all ERC-20 tokens. Many of these can be managed through Ledger Live, while some require the Ledger Nano X to be used with a compatible wallet. Supported cryptocurrencies include

Bitcoin (BTC)
Ethereum (ETH)
XRP
Bitcoin Cash (BCH)
Litecoin (LTC)
Tether (USDT)
Binance Coin (BNB)
EOS, Stellar (XLM)
Cardano (ADA)
Monero (XMR)
and over 1,000 more
Ledger Nano X supports all crypto assets supported by Ledger Nano S (except Zilliqa (ZIL)), but is able to hold more relevant wallet applications at any time thanks to its extended internal memory.

The Ledger Nano X is therefore the ideal wallet of choice to ensure a diversified portfolio, although individuals wishing to store emerging crypto assets may have to wait until Ledger adds support for them.

VII. Security of the Ledger Nano X
Bitcoin Hardware Wallet Ledger Nano X Review
The Ledger Nano X has integrated security features, including CC EAL5 + physically isolated security components.

As a hardware wallet, the Ledger Nano X is geared towards a small number of cryptocurrency users who place particular importance on security. As such, the team behind the product has clearly given a lot of thought to the potential ways in which such devices can be attacked and has incorporated a number of potential safeguards into its design.

Like all Ledger devices, the Nano X has state-of-the-art security and includes a CC EAL5+ certified physically isolated security element. These security elements are similar to those used to protect credit and debit cards, and meet the level of security standards used to protect financial information at the bank level.

The device also features a dual-core MCU that runs a proprietary operating system called BOLOS and controls the communication between the connected device and the Ledger secure element. And the Ledger Nano X encrypts Bluetooth traffic between mobile devices and requires manual authentication for all critical device operations.

On top of that, Ledger’s Nano X and Nano S are the only hardware wallets certified by CSPN (Certificate of Security Level 1), which means their security has been independently certified by ANSSI, the French national cyber security agency.

These hardware-based security measures are complemented by several software-based measures, including a 4-8 digital security PIN, automatic inactivity lock and optional Ledger Live password lock.

Overall, the Ledger Nano X is undoubtedly one of the most secure Bitcoin cold wallet solutions on the market.

VIII. Ledger Nano X Review
The Ledger Nano X is currently available for purchase from the official Ledger website for $119. When purchasing any hardware wallet, it is important to exercise caution and ensure that you only purchase from authorized sources and never use any hardware wallet that is already configured.

At twice the price of the Ledger Nano S, the Nano X is one of the most expensive hardware wallets on the market. If portability and usability are your top priorities, then this may be worth it. However, if you are already happy with the Ledger Nano S, there is little reason to upgrade.

The addition of Bluetooth and massively expanded internal memory is a step in the right direction, and the wide variety of supported cryptocurrencies means that even the most diverse cryptocurrency investor can secure their entire portfolio.

Overall, the Ledger Nano X is an excellent product, and while the price may be high, the few hundred extra dollars may be worth it for your bitcoin security.