Searching for the best hardware wallet to store your Bitcoin in? Look no further than the Ledger Nano X, the latest offering from Ledger. Here is a brief review of its features, security aspects, and supported currencies.
Compact and easy to carry with an HD display screen.
End-to-end encrypted Bluetooth connection.
Supports more than 1000 coins and digital tokens.
Ledger is one of the biggest hardware wallet companies in the world. Founded in 2014, Ledger is currently a leader in cryptocurrency security solutions. The Ledger Nano X is a premium version of their popular Ledger Nano S hardware wallet. Although both models look alike, the Nano X version is refined in terms of features and specifications. One of the key differences between the two is that the Ledger Nano X can be paired with your smartphone or laptop by using Bluetooth. It has multiple security features and it is a better option for storing your cryptocurrency. The device is compact and resembles a slightly larger USB with two buttons and a screen. It has a smooth, stainless steel finish and is a little bigger than the Ledger Nano S.
The Ledger Nano X package contains:
The Ledger Nano X supports more than 1000 coins and tokens. Here is a list of some of the top coins that Ledger supports:
Here is a step-by-step guide to set up the Ledger Nano X:
How to add cryptocurrencies to your Ledger Nano X?
Ledger wallets are renowned for their security features. They offer the CC EAL5+ Security Certification. All their hardware wallets, including the Nano X, are fully-certified by ANSSI, a French cybersecurity agency.
The Ledger Nano X does not arrive with pre-installed software. You can install the software during the initial set-up process and install the Ledger Live app during setup. A PIN protects the device, and the security keys are safe in a certified secure chip. The Ledger Nano X uses a state-of-the-art Bluetooth protocol. The protocol ensures authentication by using pairing, and confidentiality is guaranteed using AES-based encryption.
The recovery seed provides access to your private keys. If you lose the sheet holding the seed phrase, you need to transfer all funds from your wallet to some temporary storage. You can use a mobile or desktop wallet. Once your funds are safe, enter a wrong PIN code three times and reset your device to factory settings. You can now go to Ledger Live and set it up as a new device. Copy the new recovery seed and keep it safe. You can transfer your funds back to the wallet.
The Ledger Nano X comes with a 100mAh battery. You can recharge the battery by connecting the wallet to your desktop or laptop using the USB cable. The battery lasts up to five years but is not replaceable.
Yes, you can use your Ledger Nano S device’s 24-word recovery seed to transfer your holdings to the new Nano X. You can also set up the Nano X as a new device and send your funds to it using the Ledger Live app.
You can turn the Bluetooth off if you prefer to connect your device to a PC using the provided USB cable. By holding both buttons on the device simultaneously, you can access the Control Center, and turn Bluetooth off.
The Nano X is even more secure than the Nano S. Ledger guarantees that the Bluetooth feature does not expose the Ledger Nano X to any security issues. The private keys are safe on the secure chip, and the Bluetooth connection is end-to-end encrypted to protect your privacy.
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