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Ledger Nano X - A Smart Way To Keep Your Crypto Coins Safe And Protected

If you're already invested in cryptocurrencies like Bitcoin or Ethereum, I'm sure you've heard of the Ledger Nano X crypto wallet.

One of the major disadvantages of crypto as a digital asset is that it can be a tempting target for hackers and other online threats. And, unlike cold hard cash, you can't simply lock it in a safe or a cabinet.

But with a Ledger Nano X crypto wallet, you can keep your holdings secure in a physical location of your choosing, away from online threats.

If you are new to cryptocurrency and want to ensure that all your coins are safe, read on as we discuss everything you need to know about the Ledger Nano X crypto wallet.

Ledger Nano X New Explained

Ledger Nano X standing on the black sand with big black stones around it
Ledger Nano X standing on the black sand with big black stones around it

The Ledger Nano X is a simple crypto wallet made by Ledger. This type of cryptocurrency wallet is intended to store your cryptocurrencies on the device itself, rather than connecting to the Internet and becoming vulnerable to hacking and theft as software wallets do.

The Ledger Nano X is an improved version of the Ledger Nano S that allows you to store more crypto at once. It also allows you to manage your cryptocurrency portfolio by connecting the wallet to the Ledger Live app, and it safeguards your assets with Ledger's operating system and a certified secure-element chip that has been tested for robustness, security, and privacy.

The Ledger Nano X outperforms other hardware wallets on the market today. The increased coin capacity, combined with Bluetooth connectivity, makes it a crypto asset management powerhouse.

In addition, the user is safeguarded in the event that the Nano Ledger X is lost or stolen. In this case, the user could recover their wallet funds remotely using their backup password.

Here are some of the detailed features of Ledger Nano X:

  • Security - The Ledger Nano X provides cutting-edge security by isolating your private keys within the device's certified secure element.
  • Easy Backup - Even if you lose your device, your crypto assets remain secure. To restore your accounts on any Ledger device, simply enter the 24-word recovery phrase provided during device setup.
  • Simplicity - The Ledger Nano X was designed to be as simple to use as possible, with only two buttons and one screen to control your device.
  • Mobility - Connect it to your smartphone via the Ledger Live Mobile app and transact securely from anywhere. To protect against any security threat, all Bluetooth communications are encrypted end-to-end.

The Ledger Shop

A man holding a box with Ledger Nano X
A man holding a box with Ledger Nano X

Ledger Enterprise is a global technology company that enables businesses to participate in the digital asset ecosystem securely and at scale. They are the creators of the well-known Ledger Nano X crypto wallet.

Ledger has been developing hardware for Bitcoin security since 2014, led by eight experts with diverse backgrounds in embedded security, cryptocurrencies, and entrepreneurship. The team came together around the goal of developing secure solutions for blockchain applications. Ledger has offices in Paris and San Francisco.

Following the creation of the Ledger Nano X, the company raised more than $85 million from some of the world's most prestigious investors. It raised $75 million in its most recent funding round in January 2018. They raised an additional $380 million in June 2021. The company is currently worth around $1.5 billion.

Ledger Nano X Crypto List

According to Ledger's website, the Ledger Nano X currently supports over 1,200 cryptocurrencies, with that number constantly growing.

Overall, Nano X supports almost all of the top 100 cryptocurrencies and plans to add support for those that are currently unavailable.

Nano X also supports any ERC20 that wants to be available on the Nano hardware wallets. It accepts the following cryptocurrencies:

  • Bitcoin
  • Ethereum
  • Bcash (BCH)
  • EOS
  • Stellar
  • Litecoin
  • Monero
  • Ripple (XRP)
  • Tether
  • Tron
  • Cardano
  • IOTA
  • Binance coin
  • Dash
  • Neo

Ledger Nano X Hardware Wallet - What's In The Box?

Ledger Nano X with keychain and some booklets and a box beside it
Ledger Nano X with keychain and some booklets and a box beside it

As previously stated, the Ledger Nano X is a small device that fits easily into a pocket, making it easy to manage your crypto holdings while on the go. Here are some of the items you can expect to receive with your Ledger Nano X purchase.

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

Setting Up Ledger Nano X

There are various stages you’ll need to go through in order to set up your Nano X.

  • Setting A Pin Code - When you first turn on the device, you will be prompted to enter a 4-8 digit PIN code. The buttons are used to toggle between numbers, and pressing both buttons simultaneously results in "enter."
  • Writing Down Your Seed Phrase - The seed phrase functions similarly to the password for your wallet. It should be kept secure and concealed at all times. If the device is lost, broken, or stolen, you can use your seed phrase to recover your funds.
  • Pairing With Your Mobile - Previous Ledger versions could only be controlled via the desktop software "Ledger Live." The Nano X can also be controlled by the Ledger Live mobile app, so it must be paired with your smartphone.
  • Installing Apps - Once the device has been paired and activated, you can install various apps on it depending on the coins you intend to use.

People Also Ask

What Is The Cost Of Ledger Nano X?

The Ledger Nano X is a hardware wallet that costs $199 CAD (including taxes and shipping). The Ledger Nano S is a lower-cost wallet with similar security and capabilities, but it still costs $89 CAD.

Is Ledger Nano X Worth It?

There's no doubt that Ledger went above and beyond with its latest hardware wallet model. The combination of the sleek device and the feature-rich "Ledger Live" software creates a crypto asset management powerhouse. Although it is not perfect, it outperforms all other competitors.

Where To Buy Ledger Nano X?

The official Ledger website is the best place to get your hardware wallet if you want to be absolutely certain that you're getting a genuine, unopened, brand new Ledger Nano S or Ledger Nano X. I do not recommend purchasing a hardware wallet from other marketplaces such as Amazon, eBay, or Kijiji due to the possibility of tampering.

Conclusion

To sum it up, the Ledger Nano X is currently one of the most popular crypto wallets in the world. It's a solid choice for crypto investors looking for a wallet that supports a diverse set of tokens, is secure, and is easy to use.

At an affordable price, the Ledger Nano X provides premium security features that make remote hacking nearly impossible. Furthermore, even if the device is stolen, the user can remotely recover their crypto tokens using the backup pass.

Thus, whether you are a new or seasoned cryptocurrency investor looking for a better, more secure, and more convenient way to store your digital assets, the Ledger Nano X is an obvious choice.

About The Authors

Camilo Wood

Camilo Wood - Every day, to make a conscious decision to do something, say something, or act in a way that will improve my work experience. I assist organisations in disrupting the status quo of transition. I teach them how to turn their community from enduring change to evolving through change using a realistic and repeatable structure.

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