What is Ledger Nano X?
The Ledger Nano X is a pocket-sized hardware wallet that allows users to securely keep their private keys and perform cryptocurrency transactions via the Ledger Live app.
Ledger wallets are a household name and one of the first cold wallets to be created. Currently run by CEO, Pascal Gauthier, the company was founded in 2014 by a multidisciplinary team of eight experts looking to build secure blockchain solutions.
Crypto Ledger Nano X, launched in 2019, is the second in Ledger’s Nano crypto wallet series, building on the previous model, the Nano S, with improvements such as iOS compatibility and Bluetooth connectivity.
How Does Ledger Nano X Work?
When you hold your cryptocurrencies in a Ledger Nano X crypto hardware wallet, you store your private keys, not the coins themselves. These private keys are an alphanumeric sequence that allows you to gain access to your funds anytime.
The Ledger Nano X stores your private keys on a secure element chip to ensure their safety. Furthermore, because this wallet is offline, it is difficult to compromise via online attacks. The Nano X is used to manage transactions on the Ledger Live app. Users can send or receive supported coins once they establish a USB or Bluetooth connection.
Features of Ledger Nano X
Ledger Nano X is a regular mention in cold wallets vs hot wallets debates since it stands out as one of the most popular products in the cold wallet category. Here are some core features that have made the Nano X one of the best anonymous wallets.
Security & Private Key Protection
Ledger incorporates several security protocols to safeguard their user’s crypto and NFTs. Unlike hot wallets that demand a constant internet connection and are more prone to hacks, cold wallets like the Nano X enable users to store their private keys offline.
Nano X uses a secure element (EAL5+) chip to store private keys, a feature that is not common to many of its competitors within a similar price range. For example the Trezor Wallet Model T. It also runs a custom Blockchain Open Ledger Operating System (BOLOS), which guarantees user information safety while permitting multiple app installations.
Design & Build Quality
The Ledger Nano X crypto wallet is small and portable with dimensions of 72mm x 18.6mm x 11.75mm and a weight of 34g. This pocket-friendly device is made of brushed stainless steel and plastic and comes in six colors – Onyx black, Sapphire blue, Emerald green, Pastel pink, BTC orange, and Gold.
Supported Cryptocurrencies & Blockchains
The Ledger Nano X crypto list is very vast, with over 18,000 coins and tokens available on the Ledger website. Ledger Nano X supports a wide range of ERC20, BEP2, SOL, and many other classes of tokens including popular selections such as Ethereum, Ripple, Bitcoin, Solana, DOGE, Cardano, and SHIBA INU. Users can perform various transactions depending on the specific token they select, including sending and receiving, buying, swapping, and staking.
Connectivity & Compatibility
The Nano X cold wallet offers extensive compatibility as it can be used on several operating systems for desktop and mobile devices, including MacOS, Windows, Linux, Android, and iOS. Unfortunately, it is not compatible with devices that run on ChromeOS.
Users of this device can choose to connect their wallets to the Ledger Live app via bluetooth or a USB cable. However, the bluetooth option is only available to mobile users.
Software & Firmware Updates
Ledger Nano X has released 13 firmware updates since its inception, with the latest release, version 2.4.1 launched on 19th December 2024. This recent firmware update included bug fixes to improve the wallet’s user experience, including removing a bug that allowed users to enter more than 8-digits for their PIN and the addition of a temporary passphrase.
Backup & Recovery Options
Ledger Nano X users can set up a 24-word recovery phrase that could be used to regain access to their accounts. However, users who don’t have access to their recovery phrase can still regain control of their wallet using Ledger Recover.
Ledger Recover is a subscription-based alternative recovery service that uses ID-based key recovery to restore user access to their wallets. Simply put, with Ledger Recover, you can recover your crypto wallet with your ID, even if you lose your seed phrase.
Customer Support & Community
Ledger Nano X has robust customer support options and a large community willing to provide assistance or answer any questions you might have while using your device. You can reach out to the Ledger Support by submitting a ticket on the Ledger official website. Responses usually arrive within 72 hours of query submission.
In addition to the chat widget for ticket submission on the website, you can also receive support by checking the website’s support page for solutions to ongoing and common user issues or use Ledger’s AI chat bot, Ledger Bot.
Ledger Nano X NFT Support
The Ledger Nano X provides secure support for NFTs by keeping your private keys secure and enabling users to store, manage, and interact with digital assets. NFTs aren’t directly on the device, though, but can be displayed via Ledger Live, which natively supports Ethereum (ETH) and Polygon (MATIC) NFTs, displaying images, metadata, and transactional history.
For NFTs on other chains, such as Solana and Binance Smart Chain, users can pair Ledger Nano X with other wallets such as MetaMask, Phantom, and Keplr. Physical approval on the device is required for each transaction, reducing the risk of phishing attacks and unauthorized usage.
Ledger’s Clear Signing prevents blind signing by displaying transactional data first for approval. The Nano X Bluetooth functionality allows for mobile NFT management using Ledger Live, adding an element of security.
Ledger Live is currently limited in supporting just Ethereum and Polygon NFTs, though, so third-party support extends its capability on various chains, making Ledger Nano X a secure, multi-purpose solution for NFT investors.
Pros & Cons of Ledger Nano X
There are many reasons why the Ledger Nano X crypto wallet would be a great choice for you. However, there are also some downsides to consider. Here are some of the pros and cons of this product.
Pros
- Bluetooth connectivity.
- Supports a wide range of assets.
- Excellent backup and recovery options.
Cons
- Expensive compared to the Nano S and other competitor models like the Trezor Wallet Safe 3 and Model T
- Not touch screen.
How to Use Ledger Nano X
Ledger Nano X allows you to complete your setup and perform transactions relatively quickly. To get started using your Ledger Nano X crypto hardware wallet, you only need to follow a few simple steps.
1. Download the Ledger Live App on your Mobile Device
First, visit the Ledger Nano X official website or your app’s device store to download the Ledger Live app for desktop or mobile.
2. Choose Ledger Nano X as a Device to Set Up
Once you’ve installed the Ledger Live app, begin the setup process by accepting the Terms and Conditions and selecting Nano X as your device.
3. Pair your Ledger Nano X through Bluetooth
Enable bluetooth on your desktop or mobile device and pair it with the Ledger Nano X crypto hardware wallet to establish a secure connection for managing your assets. However, note that the Nano X cannot connect with Ledger Live for desktops or devices that run on Chrome OS via bluetooth. So, you must use a USB to set up your cold wallet on these gadgets.
4. Set a PIN Code
Set up a new PIN code after connecting your Ledger wallet to the app. Select “Set up a New Device” and choose “Enter PIN” to input your code. Confirm your PIN before going to the next step – writing down your recovery phrase.
5. Write Down your Recovery Phrase
Enter your 24-word recovery phrase and carefully re-examine each entry to confirm there are no errors. After confirming the last word, you should see a prompt indicating your device is ready.
6. Install Crypto Apps
Select “My Ledger” on the app and install any apps required to manage your coins.
7. Add your Crypto Accounts
Finally, add your crypto accounts and start buying, selling, or swapping your tokens on the Ledger Live app. For the Ledger live desktop app, select the left sidebar, click on Portfolio, then select “Add Accounts”. However, for mobile, select the Wallet tab, scroll down, and click on “See all Assets”. Select the appropriate options to add your account.
Ledger Nano X Price
The Ledger Nano X’s pricing is affordable compared to Ledger’s other cold wallet products, as only the Nano S retails for a lower price. You can purchase the Ledger Nano X crypto hardware wallet on their official website for $149. It is also available on other websites, including Amazon, Ebay, and Target.
Is Ledger Nano X Safe?
One of the most common questions about the Nano X is, “Is the Ledger Nano X safe?” However, you have little need for concern as Ledger incorporates several layers of security to protect their user’s private keys from threats.
When comparing cold wallets vs hot wallets, offline storage is often touted as a standout feature for cold wallets due to their safety. Because the Ledger Nano wallet stores your private keys in an offline environment, it is a more secure choice than most software wallets which are more vulnerable to hackers.
Ledger Nano X also includes features such as a Secure Element chip, a Secure screen, and a Blockchain Open Ledger Operating System, that keeps your data isolated while allowing third-party app installations.
Ledger Nano S Plus Vs Nano X
Ledger Nano S Plus and Nano X, released in 2022 and 2019 respectively, are two of Ledger’s most famous wallet products. Which is better for you depends on your preference as they are similar in terms of safety and the number of supported coins.
However, there are a few differences between the Nano X and Nano S Plus. A significant difference is price. The Nano X costs $149 while the Nano S Plus costs $79.
Also, while Nano X is compatible with the Ledger Live app for iOS & Android and supports bluetooth connectivity, Nano S users can only connect via the Android app and can’t enjoy bluetooth connectivity.
Bottom Line
The Ledger Nano X crypto hardware wallet remains one of the best cold wallets because of its safety and ease of use. It offers many benefits including connection to the Ledger Live app via bluetooth and extensive support of various cryptocurrencies and NFTs.
Have you ever used the Ledger Nano X app? How do you think it compares to other products on the market? Let us know in the comments below.