Ledger Nano X Review 2020
Table of Contents
- 1 First Impression
- 2 Setting up the Ledger Nano X
- 3 Ledger Nano X Handling
- 4 Supported cryptocurrencies and devices
- 5 Documentation and Support
- 6 Safety aspects of the Ledger Nano X
The hardware wallet Ledger Nano X is the latest hardware wallet from Ledger. It was officially announced in early 2019 and can now be ordered for 119,00 € (click here to check the current price) here. Ledger Nano X ensures the secure storage of the private keys that give you access to the crypto assets.
Compared to the previous model Nano S, this now has Bluetooth and a built-in battery for mobile use via smartphone. There is also more space for apps. Everything you need to know about the Ledger Nano X can be found in the following review.
Buying the Ledger Nano X online
Hardware wallets are rarely available at local shops, which is why ordering via the internet is common. Ledger sells its hardware wallets itself through its own online shop. In addition to the hardware wallets, there are also accessories to buy there. The Ledger Nano X currently costs there 119,00 € (click here to check the current price). The advantages of the Ledger Shop include free shipping, 14-day easy return, more than 15 secure payment methods, multilingual customer support with crypto experts and the security that you will receive an original device.
Of course, you can also order the device through one of the many official resellers.
Hardware wallets should preferably be ordered directly from the manufacturer or official resellers.
Dubious shops or private sellers on platforms such as ebay or amazon could manipulate the devices for their purposes or trick the buyer. This way the thieves can steal all coins from your hardware wallet at a later time. Unfortunately, there have been such cases in the past.
What’s in the box?
The Ledger Nano X comes in a small 8x13x3cm box, which contains the hardware wallet, a keychain strap and a USB C cable for charging or connecting to the PC. There is also a multilingual fast start guide, three so-called recovery sheets for the backup of the hardware wallet and stickers.
Ledger Nano X
As with the Ledger Nano S the hardware wallet can be opened again by rotating the brushed stainless steel cover. Underneath, the technology hides in a plastic case. If you want, you can also remove the stainless steel cover completely by easy bending.
What is directly noticeable is that the Ledger Nano X is slightly larger and heavier than the Ledger Nano S This is due to the internal 100mAh battery, which is now additionally installed for mobile use via Bluetooth. But also the OLED display is a bit bigger. The buttons have been moved from the top to the front: A black button on the left, and a silver button on the right. On the right side there is also an eyelet for the keychain strap and on the left side a USB-C port.
Setting up the Ledger Nano X
Never use a hardware wallet that is already set up. You must choose your own PIN code and write down the backup yourself. This is not given by anyone!
The setup of the Ledger Nano X has become much easier. First, turn on the hardware wallte by pressing the left button for 3 seconds. An English welcome message appears on display. You will then be prompted to download the associated Ledger Live software.
Ledger Live is compatible with Windows/Mac/Linux computers as well as iOS/Android smartphones and supports setup and will later be used to manage most crypto currencies. To install the corresponding device, visit the page www.ledger.com/start, download and install the software Ledger Live and continue following the instructions on the hardware wallet . Now the operation of the buttons is explained:
- Click left or right to scroll through menus or list
- Press both buttons briefly at the same time to select an item
- press both buttons simultaneously for a long time to reach the control center
Finally, you are asked to open the Ledger Live application for more information. In principle, the setup is also possible without the application, but the additional hints supported the setup.
The application now takes you through the entire setup process, which consists of a total of 7 steps.
The first thing to choose is whether you want to set up the device as a new device or already have a backup of another wallet you want to import. The latter is conceivable, for example, if you want to switch from Ledger Nano S any other hardware wallet to the Ledger Nano X. In this case, you enter your existing backup hardware wallet and the management of the existing cryptocurrencies is possible via the new hardware wallet .
Then a PIN code is selected. This can be 4 to 8 digits long and is typed in directly via the two buttons on the hardware wallet. For optimal safety, Ledger recommends using all 8 places. This PIN code is queried every time the hardware wallet is started in order to avoid unwanted access.
The recovery phrase is then displayed. This consists of 24 words and is the only backup of the hardware wallet and must be carefully stored.
Your recovery seed is the backup key to all your cryptocurrencies and applications. The recovery seed (backup) can only be displayed once. Never make a digital copy of the recovery seed and never upload it online. Keep the recovery seed in a safe place, ideally safe from fire and water, for example with Billfodl.
Nobody but yourself can be held liable for financial losses caused by improper handling of sensitive data.
Each word must then be selected from a list and confirmed. This process can be a bit tedious, but this is the only way to ensure that the backup has been correctly written down.
The device is now ready for use and the PIN code can be entered to unlock the device. Ledger Live asks some security questions to verify that the setup process has been done correctly. Then the Ledger Nano X can be connected to the corresponding device. With a computer, it is enough to use the USB cable. For mobile devices, the Bluetooth connection must first be set up. For this purpose, a code is displayed on both devices, which is confirmed in each case if it is agreed.
When you play this YouTube video, data is transmitted to Google.
If you want, you can now rename the device to keep several hardware wallets separate and protect the Ledger Live software with a password so that nobody can see the current account balance. Depending on the smartphone support, facial recognition or a fingerprint sensor can also be used here.
Ledger Nano X Handling
Once the Ledger Nano X is set up, you can play on the hardware wallet via Ledger Live apps. These are necessary to manage appropriate cryptocurrencies . To do this, you use the manager who is integrated into the Ledger Live software.
The Control Center
The Ledger Nano X Control Center can be reached at any time by holding both buttons down for several seconds. Here you get information about the state of charge of the battery, you can turn off the device or change settings. These include, for example:
- Turn off Bluetooth
- Increase or decrease time of automatic switching off
- Change device name
- Reset Bluetooth connections or the entire device
- Set up additional passphrase for increased security
Use Ledger Nano X on the go
The Ledger Nano X is bluetooth-capable and mobile thanks to the built-in battery. The hardware wallet is connected to the smartphone and then managed through the Ledger Live mobile app. With the app, it’s possible to display the real-time balance of all the crypto assets no matter where you are, either with a computer or smartphone (via Bluetooth), even if the device is not connected right now.
The app also has a simple, step-by-step process that helps you easily manage transactions while keeping an eye on the cryptocurrencies at all times.
Supported cryptocurrencies and devices
As already mentioned, the Ledger Nano X is compatible with all common operating systems, whether mobile or on a desktop computer:
- Chrome OS
The Ledger Nano X can store up to 100 applications at a time, including Bitcoin, Ethereum, XRP and many more. That’s another advance from the Ledger Nano S model. As a result, it is possible to manage all assets on the same device and at the same time, the storage will no longer run out. Currently, the following cryptocurrencies are supported:
- Bitcoin Cash
- Ethereum Classic
- ERC-20 Tokens
- Bitcoin Gold
- Bitcoin Private
- FIC Network
- POA network
All more than 1000 supported cryptocurrencies can be found here: Ledger Nano X cryptocurrencies. It should be noted that not all cryptocurrencies can be managed with Ledger Live. For many coins, you need third-party software that offers the functionality for this coin. As a result, the crypto assets are just as optimally protected, only another software is necessary. Whether and what extra software you need for a cryptocurrency can also be found in the Ledger Nano X cryptocurrencies list here.
In addition to cryptocurrencies, the Ledger Nano X is also integrated into other services and applications. Some of them are these:
- SSH Agent
- Password Generator
Documentation and Support
Ledger offers an extensive support area. This includes help articles for all of Ledger’s devices, software and apps. A status page also shows whether services are currently unreachable. The support helps with special questions in writing on weekdays. It consists of 10 crypto experts and offers multilingual support. Phone support does not yet exist and the waiting time can be a few days.
Safety aspects of the Ledger Nano X
Like Ledger’s other hardware wallets, the Ledger Nano X offers state-of-the-art security: the private keys are securely isolated inside the device’s certified security element (CC EAL5+), the same chip used in high-security applications such as credit cards and passports.
The bluetooth connection is only used as a transport layer for public information and therefore does not represent a point of attack. The secret keys or seed never leave the secure element. Even if the bluetooth connection is hacked, the security of the Ledger Nano X relies on the secure element, which will seek approval for any action. In addition, Bluetooth can be deactivated at any time in the settings, so that only use via cable is possible.
The hardware wallet is protected by a PIN code by unauthorized access. Ledger Live can also be secured with a password.
CES-the world’s largest annual technology fair-honours products that stand out from others. The CES Innovation Honoree Awards are presented to products or technologies that are above a certain standard in this category. In 2018, this award was only awarded to 31 products, while there had been over 4400 exhibitions at CES this year.
Ledger has received the hardware wallet CES Innovation Honoree Award in the Cybersecurity and Personal Privacy product category for its Hardware Wallet, underscoring the innovative power it brings to the hardware wallet market. It combines the security of secure elements and the custom operating system with the ease of use and flexibility that bluetooth and more storage space provides.
|Platform||Windows, Linux, Mac, Android, Chrome OS, iOS|
|Cryptocurrencies||Bitcoin, Monero, Ethereum, Litecoin, Dogecoin, Zcash, Dash, Stratis, Ripple, Komodo, Bitcoin Cash, Ethereum Classic, ERC-20 Tokens, PoSW, ARK, Expanse, PivX, Vertcoin, Viacoin, NEO, Bitcoin Gold, Stellar, Hcash, DigiByte, Qtum, Bitcoin Private, ZenCash, Nano, Nimiq, Peercoin, Zcoin, Tron, Ontology, Hycon, Pirl, Akroma, Vechain, Icon, Stealth, Woleet, Wanchain, Kowala, Particl, Rootstock, Waves, Rise, FIC Network, EOS, POA network, IOTA, Lisk, Musicoin, Factom, Gamecredits, MIX, ethergem|
|Compatibility||Mycelium, MyEtherWallet, FIDO/U2F, Bitstamp, SSH Agent, Password Generator, OTP|
|Supported Coins||56 Coins|
|FIDO U2F Authenticator|
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