The cryptocurrency market needed to have a secure way to protect their virtual currencies. This is where the Ledger Nano X enters into play. Ledger, one of the most recognized crypto companies in the industry, created the Ledger Nano X. This is the most advanced and secure hardware wallet that users can have to hold their cryptocurrencies.
There are many risks involved with trading, investing and holding virtual currencies. This is why Ledger decided to solve these issues. While paper wallets were safe, they lack the necessary user-interface to provide a comfortable way to use them on a regular basis.
What are Hardware Wallets?
Hardware wallets are those devices that will allow us to hold cryptocurrencies in a safe manner. This is a self-custody product that would help us manage and hold digital assets. Your funds will never be in contact with the internet. This is one of the most popular “cold storage” methods to hold virtual currencies.
There is no hacker or individual that would be able to get access to your hardware wallet. However, if you unveil or give your seed phrase or private key, other users could get access to your funds. This is why it is definitely important to properly store your recovery phrase (seed phrase) and private keys.
Remember the popular phrase: “not your keys, not your crypto.”
What is Ledger Nano X?
When it comes to hardware wallets, the Ledger Nano X is among the best solutions in the market. This hardware wallet developed by Ledger is ready to offer users the possibility to protect their funds without being worried about usability.
We know that holding our virtual currencies in a hardware wallet may not be comfortable. This is certainly true for those that use digital assets on a regular basis. However, with Ledger Nano X, these problems are solved.
While safety and portability are two of the main features of the Ledger Nano X, it is also easy to use. That means that you will not have issues to spend your virtual currencies if you want to buy a coffee at a shop and pay with BTC or if you want to use Metamask to swap Decentralized Finance (DeFi) tokens.
The Best Security
Holding your funds in a crypto exchange is not exactly the most secure way to hold your money. Crypto platforms and even hot-wallets can be attacked and get hacked. This could definitely have a negative impact on your portfolio if the exchange or platform goes out of business.
With the Ledger Nano X, you can be sure that you are going to be protected at all times. Ledger has the highest security standards. All their products integrate a certified secure chip and also a custom OS to assure maximum security.
With the Ledger Nano X, you will be able to select a wide range of virtual currencies to store. At the same time, with the Ledger Live application, you will be able to handle your funds in a very easy way.
Take into consideration that Ledger is the first and only certified hardware wallet on the market for its security. The French cybersecurity agency (ANSSI) has certified Ledger products. In addition to it, Ledger wallets are the only hardware wallets to have their own custom OS (BOLOS) to protect devices against malicious attacks.
In addition to it, you can perform a genuine check that would ensure that your Ledger device is original. Moreover, you can make sure it has not been tampered with or compromised by a third party.
Everywhere You Go
As we mentioned before, the Ledger Nano X is going to be the right choice for you if you want to have a seamless experience. By using it, you will be able to install up to 100 applications of a list of more than 1500 tokens.
You can connect your Ledger Nano X to your smartphone and computer with Ledger Live. This will help you handle your assets everywhere you are. This is one of the main differences with the Ledger Nano S that required a cable to be connected to the computer.
At the same time, the Ledger Nano X will offer you the possibility to install up to 100 crypto applications at the same time. You will be able to manage all these tokens and coins in just a few touches.
Ledger Nano X Features
The Ledger Nano X is going to include several features that would allow you to protect your crypto funds. Let’s go first to the technical specs of this product:
It has a size of 72mm x 18.6mm x 11.75mm and a weight of 34g. This makes it very portable and fast to use at any moment. In terms of materials, the hardware wallet is going to be made of brushed stainless steel and plastic. It will also include a 100mAh battery.
You will connect the wallet to your computer through a USB Type-C connector. Moreover, Ledger Nano X has a CC EAL5+ Certification level and chips ST33JM0 (secure) + STM32WB55.
At the same time, the Ledger Nano X is going to be connected to the computer using Bluetooth. That would be very positive if you come from a Ledger Nano S where you had to use a USB cable. This is perfect for users that want to use their digital assets on the go and keep their funds safe.
Although some users may feel the Bluetooth option is less safe than the cable, Ledger confirms Bluetooth does not affect the security fo the Ledger Nano X. You can be sure that your funds will be safe at all times.
List of Ledger Nano X Features
- Compatible with mobile devices and computers via Bluetooth
- Highly Secure (cold storage)
- Offers support to more than 1,500 tokens
- Improved design
- Better materials
- Large Screen (compared to Ledger Nano S)
- Improved buttons
- Increased storage (up to 100 applications)
Ledger Nano S vs Ledger Nano X
You may have heard that the Ledger Nano S is the most popular hardware wallet in the market. This is true. It has a very affordable price and it includes very useful features. Nevertheless, it is still different from the improved Ledger Nano X. Indeed, we can think of the Ledger Nano X as the evolution of the most popular hardware wallet in the world.
You can read our full Ledger Nano S vs Ledger Nano X guide clicking here.
The first thing that you will notice about the Ledger Nano X is that it will have a different design compared to the Ledger Nano X. The Ledger Nano X is going to have a larger and better screen, with improved buttons and it will be more solid than the Ledger Nano S.
The larger screen of the Ledger Nano X is going to make things easier for approving transactions. At the same time, it will be easier to interact with the Ledger Live app. This is going to certainly make it more user-friendly than the Ledger Nano S.
Cable vs Bluetooth
The first thing that we will notice is that the Ledger Nano X will be able to be connected to a computer or smartphone via Bluetooth. Meanwhile, the Ledger Nano S would require your USB cable that comes in the box.
Nonetheless, users can also use the cable that will come alongside the Ledger Nano X. This is going to make it easier to handle your digital assets. Furthermore, it will help users to handle their coins on the go.
Battery and Usage
The Ledger Nano X is going to be working with a 100mAh battery that can last several hours with the screen turned on. At the same time, it can also last several months without being charged using the USB-C port. The battery on the Ledger Nano X was created to last 5 years.
The Ledger Nano S was only working if connected to a computer. This is why it is more difficult to use it on the go and far from a computer (unless it was connected with a cable).
Conclusion Ledger Nano S vs Ledger Nano X
These two different hardware wallets are going to be offering services and solutions to different users. Each of them has advantages and disadvantages. However, you can use your Ledger Nano X to manage your crypto funds on the go and leave your Nano S at a home or in a vault as a backup. Ledger claims that the Ledger Nano S will continue to be fully supported in the future.
Ledger Nano X Review Final Verdict
The Ledger Nano X is definitely a killer hardware wallet. It can be considered the most advanced hardware wallet for massive use in the market. The large screen, the battery life and its Bluetooth connectivity will make the Ledger Nano X in one of the best hardware wallets in the world.
You can use your Ledger Nano X and your Ledger Nano S together in order to enjoy the benefits of portability and security. At the same time, you will now be able to keep your funds secure and manage them on the go as you please.