Ledger has turned into a big deal in the world of cryptocurrency users. Ledger has transformed from being in a corner to being in the mainstream media. This change is very notable. It was surely not a mistake.
In line with what Ledger had to tell its users, it claimed cryptocurrency assets are very simple to steal. They are basically the simplest to gain access to. This is the major reason why Ledger has remained active in the crypto sphere. Their domination is due to building a majority of the user-friendly hard wallets being used today.
Judging from the estimates of Ledger, roughly more than 1.3 million Nano S devices were sold globally. However, Ledger debuted its Nano X, and this is the review of the device.
Here, you will discover if its price is worth the buzz and if it is actually the most developed hardware wallet in existence. Everything you need to know about Ledger’s Nano X is analyzed below.
Rating 4.5 / 5
- Mobile compatibility – This means a user can take the Nano X anywhere as it makes use of Bluetooth.
- Familiar and protective – It is as secure as ever just as expected of the highly respected Ledger. The only difference is that it has more features than its predecessor (Ledger Nano S).
- Competitive cost – Only two Bluetooth mobile cold wallets exist in the world currently, and the Nano X is actually the cheapest.
- App features – With additional storage capacity and higher grade screen of the Nano X, it broadens its operations compared to its predecessors.
- Costlier – Though it is highly priced within its scope, the Nano X is actually much more expensive than all other older hardware wallets.
Which Coins Can Be Stored With Nano X
The Nano X hardware wallet provides users with the chance to keep a majority of the World’s crypto coins. Some of them are;
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- EOS (EOS)
- Stellar (XLM)
- LiteCoin (LTC)
- Tether (USDT)
- Tron (TRX)
- IOTA (MIOTA)
- Binance Coin (BNB)
- Monero (MXR)
- Dash (Dash)
- NEO (NEO)
- Ethereum Classic (ETC)
- USD Coin (USDC)
- QTUM (QTUM)
- OmiseGo (OMG)
Background of The Ledger Nano X
The Ledger Nano X is the most current cryptocurrency hardware wallet on sale by fast-rising wallet creator: Ledger. Ledger is a company based in Paris, France. They developed the Nano X hardware wallet.
The wallet enables a user to keep a hundred diverse cryptocurrencies at once and backs roughly hundred applications. The Nano X device will start shipping in March 2019.
They debuted the Nano X during the January’s Consumer Electronics Show, held in Las Vegas. However, the wallet is swiftly garnering much buzz as the biggest game-changer for cryptocurrency users who demand easy access to their funds.
The Nano X aims to enable users to spend and access their cryptocurrencies easily without breaching any security. Ledger has created a reputation for themselves, and the Nano X has helped in taking the reputation a step forward. It is sold at $119 USD and 119 Euros.
When it comes down to security, it is clearly vital with all cryptocurrency hardware wallets. And, you can trust the Nano X to provide trustworthy security. A user’s private keys are securely confined inside the device.
It provides a very high level of protection than even software wallets. This is due to the fact that they bring about a physical protection feature to the transaction procedure and this will secure users from any prospective risk.
It can be used to back up and eventually restore access to a user’s cryptocurrency in case anything mistakenly happens to him or her wallet. However, others can access the said funds if the device gets to the wrong person.
How to Use the Nano X
Nano X is a Bluetooth-enabled mobile with an in-built battery. To utilize it, firstly, a user will need to link it to his/her mobile device with the Ledger Live Mobile application and execute transactions securely from anywhere.
Its Bluetooth interactions are coded all through to secure the wallet in case of risks. By doing this, Ledger has erased a big part of the Nano S as a user can simply link and wirelessly plug the wallet to their mobile device.
What’s in The Nano X Box
When you purchase the Nano X device, it comes with the following;
- Ledger Nano X
- USB cable
- Getting started leaflet
- Three recovery sheets
- Keychain strap
How Does the Ledger Nano X Work?
The major distinction between Nano X and every other Ledger hardware wallet is because it is mobile-friendly. It actually makes it simpler than ever before to spend funds from a user’s wallet making use of a mobile device.
There is an application created by Ledger that a user can set up. Just set it up and link to your mobile device through the Bluetooth and bask in the simple accessibility to your crypto funds.
The device comprises of a Bluetooth feature that simply and accurately links via the Ledger mobile app. This app enables users to connect their device swiftly to their mobile phones.
This gives increased flexibility that does not affect security. It has the capability of storing up to a hundred cryptocurrency assets. This is actually six times more than the capacity of the Nano S.
It provides users with tight security that confines the unique keys from either the user’s desktop or mobile phone. This is done because as mentioned earlier, crypto assets can easily be hacked and so it secured their cryptocurrencies.
These private keys signify the ownership of the cryptocurrency asset, and by securing them in the hardware wallet, users are assured that their beloved assets are protected from any attacks.
Nano X actually leads the market in backing more than 1100 diverse cryptocurrencies and it allows users to keep an eye on their accounts and also transact or receive crypto payments from wherever they want.
Ledger has made it simpler than ever imagined to easily access cryptocurrency funds from your mobile phone, enabling users set up an appointment and link to the Nano X through a Bluetooth. Every transaction is protected as Nano X makes use of a similar technology that protects the chips found in passports and credit cards too.
Interested in reviews of other wallets? Visit our wallets page.