Ledger Nano X – Hardware Wallet Reviews 2020

Ledger Nano X specifications

What’s in the box?

• Ledger Nano X
• USB Type-C cable
• Getting started leaflet
• 3 recovery sheets
• Keychain strap

Ledger Nano X overview

The Ledger Nano X is a compact device that easily fits into a pocket, making it convenient for you to manage your crypto holdings on the go. Compared to the Ledger Nano S, it has a slightly larger screen and better-placed buttons that are easier to press.

You can set up the Ledger Nano X using a desktop computer, or an iOS or Android device. Throughout our testing, the initial setup process was quite smooth and intuitive –  suitable for even absolute beginners. Pairing the device using both USB-C and Bluetooth worked consistently and without any complications. According to Ledger, the battery life is about 8 hours, and the battery should have about a 5-year lifespan.

The most convenient way to manage crypto holdings on a Ledger device is through the Ledger Live app – available for both desktop and mobile. It provides all the standard functionality you would expect, such as checking balances, or sending and receiving assets. But, it also offers more advanced features, such as SegWit transactions, exchange integrations, and the ability to export the extended public key (xpub). It’s worth noting that the Ledger Nano X is also natively supported by Binance DEX. While you can manage many assets natively in Ledger Live, some coins will still require you to use third-party wallet software.

One of the limitations of the Ledger Nano S is that you can only install a few apps at the same time. In contrast, the Ledger Nano X can store up to 100 apps at the same time, making it suitable to manage a diversified portfolio.

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Ledger Nano X pros and cons

Pros

• It can be set up and used with a smartphone or tablet.
• Very portable and has a built-in battery.
• Supports all major blockchains and a wide range of tokens.
• Easy to use.
• Adding coins is fast and intuitive.
• Supports multiple languages.
• Ledger is a well-established company that has operated since 2014.

Cons

• The Bluetooth function might pose a security risk. But, according to the company, no critical data (such as private keys or seed) are transmitted through Bluetooth.

Ledger Nano X pricing

As of January 2020, the Ledger Nano X is sold for $119. 

It is advised to always buy hardware wallets directly from the manufacturer. Buying second-hand hardware wallets poses the risk of the private keys being compromised.

Closing thoughts

The Ledger Nano X is the latest product from one of the most well-known hardware wallet manufacturers in the crypto industry. Its predecessor, the Ledger Nano S has been one of the most popular cryptocurrency hardware wallets due to its ease of use and smooth user experience. The Ledger Nano X comes with an increased capacity for coins and Bluetooth connectivity.

In summary, the Ledger Nano X is an easy-to-use and accessible hardware wallet, suitable for both beginners and advanced users.