Ledger Nano X is a cryptocurrency wallet for your phone. It stores all of your crypto-wallets and makes it easy to send, receive, and exchange them. Join the discussion on whether this is the best wallet for you.
The ledger nano x review reddit is a review of the Ledger Nano X. It was released in 2024 and has been reviewed by many people on Reddit.
With good reason, the Nano X Ledger is one of the most popular and sophisticated hardware wallets for holding digital assets. It’s safe, it has more cryptocurrency storage space, and it includes Bluetooth connection.
That isn’t to imply that there aren’t any flaws. I’ll share my personal experience with you in this post so you can judge for yourself if it’s the finest on the market.
What Is A Hardware Wallet For Cryptocurrency?
From the Ledger.com website
You’ve probably heard of online bitcoin wallets and how they may assist you in storing your money. A hardware wallet serves the same function as a software wallet, however it operates in a slightly different way.
Your private key is stored on a physical device, usually a USB disk or other external device. Because your private key is never shared, hardware wallets are supposed to be much more secure than internet wallets. It signs the transaction on the device rather than on the computer to which it is connected when you wish to transfer money.
Keeping your private key offline eliminates the danger of it being exposed to harmful internet activities, such as having your cryptocurrency stolen by hackers. Because they are not always connected to the internet, hardware wallets are a popular option for many individuals keeping their crypto.
What Is Nano X Ledger and Who Is Ledger?
From the Ledger.com website
The TREZOR hardware wallet and the Ledger Nano hardware wallet (including the Nano X and Nano S) are consistently at the top of internet lists of the finest hardware wallets available.
As a result, Ledger is the top hardware wallet manufacturer, with Satoshi Labs (the maker of the TREZOR) a close second. Ledger is a security and infrastructure business that specializes in crypto storage solutions. It was established in 2014.
A current team of over 130 specialists is in charge of product and service development to assist you in keeping your Bitcoin safe and secure. The Nano X is their most recent hardware wallet, although they’ve been doing this for quite some time.
Indeed, Ledger describes its work as “preserving what you can’t see.” Our lives are getting more digital, and we are doing more and more things online on a daily basis. Intangible things make it more difficult to define trust. They’ve devoted their business to overcoming one of our generation’s most pressing challenges: protecting your digital assets.
The Nano X has bluetooth connection, which is one of the most noticeable distinctions between it and previous Ledger devices. This functionality enables you to operate your hardware wallet from both your PC and your smartphone.
Users also like the fact that, although it supports approximately the same amount of coins as the Nano S, it also has 100 app storage instead of the 18 that the Nano S had.
The Nano X, like most other hardware wallets, has the advantage of being small enough to fit in your pocket. Its sleek and beautiful appearance is much superior than that of many other hardware wallets, in my view, and the digital display is simple to see.
Unboxing of my Ledger Nano X
From the Ledger.com website
When you first get your Ledger Nano X, you’ll note how elegant and professional the package is. It’s plain and white, and it reminds me of the packaging you’d see on an Apply product. It includes the gadget, a USB-C charging cable, a set of recovery seed cards, and setup and usage instructions.
The gadget has buttons that aren’t bulky or in the way and are perfectly incorporated. It’s a lovely, intelligent-looking design that everyone can appreciate.
Ledger Nano X Setup Instructions
From the Ledger.com website
You’ll have to go through a number of procedures to set up your Ledger Nano X, but they’re all very simple. To get started, just turn on your gadget for the first time and connect it into your computer.
Choosing a PIN
The first step is to create a 4-to-8-digit PIN that only you know or have access to. Use the two buttons on top to cycle through the numbers, pressing them both at the same time to pick each one.
Making a note of the seed phrase
Your wallet password is your seed phrase. It must be kept concealed and secure. It’s best if you memorize it, but you don’t get to pick your own seed phrase, so that’s a little dangerous. If you’re worried about forgetting anything, write it down and keep it in a secure location.
This 24-word seed phrase is given to you when you first turn on the gadget. This word is required to retrieve any money saved on your device if it is damaged, lost, or stolen. You’ll be prompted to validate your seed phrase in its entirety once you’ve recorded it.
Some hardware wallets, like as the Trezor, let you skip the seed phrase stage and return later. However, since this is a crucial step, Ledger needs it up front. It may be inconvenient for those who want to get up and running fast, but it is the most secure method to keep your cryptocurrency safe.
Connect your Nano X to your phone.
From the Ledger.com website
You can link your Nano X to your phone, unlike any other hardware wallet on the market, so you won’t want to miss this step. Other Ledger devices can only be managed from a computer, but the Nano X’s ability to connect to your phone is a huge advantage.
Unfortunately, it is not as simple as you would believe. The procedure is very problematic, and you may need to attempt it many times before it connects. Simply go to Ledger’s website and download the Ledger Live program. Once it’s linked, the app could be a little more user-friendly.
Every time you perform anything on the app, you must wait for bluetooth to connect before further. It may not prompt you to approve the action, in which case you must wait for it to auto-approve, which may take a few seconds longer.
Given that this is the only hardware wallet with Bluetooth, there’s no way to compare it to anything else, thus it’s still miles ahead of the competition. However, the awkwardness may be irritating, and you may decide that it isn’t worth bothering with. If this is the case, you may always connect it to your computer and utilize the desktop software.
Installing applications
Fortunately, there is a light at the end of the bluetooth tunnel: installing applications has never been simpler. Simply choose the applications you need depending on the coins you want to save. From the Ledger Live app, download and install them, then press the Receive button to transfer your coins to the device.
Accounts to be added
You must link your accounts after installing the currency applications from the Ledger Live app. If you download the Bitcoin app, for example, you must also link or set up your current Bitcoin account.
This was perplexing since I assumed that once I downloaded the Bitcoin app, I would be able to receive money immediately, but I wasn’t quite ready. You’ll need to login in to any accounts you have with the coin’s applications once you’ve downloaded them.
This part’s instructions are detailed on Ledger’s website, but they might be lot more obvious. It’s simple to fulfill this step once you know you have to.
What Are Your Thoughts On The Hardware Wallet?
I have mixed feelings about the Nano X because of the pricing. In principle, Bluetooth connection is appealing, but it proved to be more difficult to use than it should have been. Even if it’s clunky, I still have the ability to manage it from my smartphone, which is more than any other hardware wallet out there.
I like the Nano X’s design to that of any other hardware wallet, and the sheer amount of coins that can be supported and kept on the device at the same time is amazing. Just for the storage, it may be worth the money.
It offers considerably more capability than any other hardware wallet by storing 100 applications, making your life simpler. In contrast, the Nano S can only carry 18 cards at a time, while the Trezor can only hold four.
If you don’t need to hold up to 100 coins at once and don’t mind dealing with the Bluetooth problems, the Nano S may be a better choice. It’s still as stylish, available in six hues, and costs a lot less.
What Cryptocurrencies Does the Ledger Nano X Support?
Unsplash photo by André François McKenzie
It would be almost difficult to list all of the tokens and currencies supported by the Ledger Nano X here. The following coins are among the most widely supported:
- Bitcoin
- Gold Bitcoin
- Bitcoin Cash (BCH) is a cryptocurrency that
- Ethereum
- Ethereum Classic (ETC) is a cryptocurrency that
- Ripple
- Stellar
- Litecoin
- Zcash
- Dogecoin
- Dash
EOS, Cardano, Tezos, Tron, Vechain, and Nano are some more currencies you may have heard of but are a bit less famous. A complete list of the Nano X’s capabilities may be found here. Keep in mind that although these are the currencies that are supported, the Nano X can only store 100 assets at a time.
Price of the Ledger Nano X
Other hardware wallets are slightly more costly than the Ledger Nano X. For $119, you get the actual gadget plus bluetooth capability so you can operate it from your phone.
It has the capacity to store 100 distinct assets at the same time. You only need to download the apps you’ll need to store the cryptocurrency you want, and you’ll be good to go. While the cost is high in comparison, the additional features and storage are definitely worth it.
Trezor vs. Ledger Nano X vs. Nano S Ledger
Unsplash photo by Kolar.io
As previously stated, the Ledger Nano X is the most sophisticated hardware wallet available, including bluetooth connection, capability for over 1000 currencies, and simultaneous storage of up to 100 assets. There are, however, alternative hardware wallets available.
Nano S Ledger
The Nano S Ledger costs $59 at the moment. It accepts all of the same coins as the Nano X, but it can only store 18 coins at a time. You can only operate the Nano S from your desktop since it lacks bluetooth connectivity, but the substantial cost savings may be worth it for you.
Ledger has provided a range of color choices to make the gadget a little more personal, despite the fact that it has somewhat less functionality. Matte black, saffron yellow, flamingo pink, jade green, lagoon blue, or clear are the options.
One Trezor
The One Trezor is the Nano S’s main competition. Their looks are almost same, yet they seem to be very different. Both are tiny enough to fit in the palm of your hand, although the Nano S is a little slimmer. The One Trezor, on the other hand, seems more robust thanks to the possibility of purchasing a metal case.
While the Trezor One supports over 1000 currencies, many of them aren’t supported natively, necessitating the use of a third-party wallet software. Both are simple to use, and the Trezor One only $55, making them both cheap.
Trezor T
With a full color touchscreen, the Trezor T takes things to the next level. It comes with a microSD card for password storage in addition to the Trezor One’s cloud backup, and it supports more than the Trezor One’s 1000 coins.
You gain better usability since your PIN and password input, as well as device recovery, are all kept on the device itself, rather than requiring you to connect to a computer. It is, however, more costly than the Nano X at $169, and it lacks Bluetooth connection.
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Ledger Nano X
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Bluetooth is an optional feature.
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Supported Coins: 1,000+
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The cost is $119.
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Ledger Nano S
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Added Feature: None
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Supported Coins: 1,000+
-
59 dollars
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Trezor One
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No further features are available.
-
Supported Coins: 1,000+
-
$55 is the cost of this item.
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Model T Trezor
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Touch screen is an optional feature.
-
Supported Coins: 1,000+
-
The cost is $169.
The cost is $169.
Frequently Asked Questions about the Ledger Nano X
When looking for a hardware wallet like the Ledger Nano X, here are some commonly asked questions.
What is Ledger Live, exactly?
Ledger Live is the software that allows you to operate your Ledger Nano X hardware wallet. You may use the app to download the program to your computer or mobile phone. It works on all major platforms, including iOS, Android, and Windows, so you should be able to access your wallet from any device.
What is the best way to transfer my money from Coinbase to the Ledger Nano X?
It’s simple to add money to your Nano X hardware wallet. In just a few easy steps, you can transfer any currencies supported by the Nano X from wherever they’re kept right now, including Coinbase. Set up your Nano X, link it to your Ledger, and choose the app that corresponds to the currency you wish to send.
You may enter your account and select Receive to create an address to transfer the coins to your Nano X device after you’ve downloaded the coin’s software on your Nano X.
Is it necessary for my Ledger Nano X to be plugged in to get coins?
Not in the least. You can add any money to your Nano X without having to connect it to a computer. You may transfer your coins to your Nano X at any moment after you have an address for them. You don’t need to be plugged in to use your Nano X since you can operate it from your phone.
Is it possible to hack the Ledger Nano X?
It’s essential to remember that everything may be hacked given enough time. More information about Trezor’s major vulnerability may be found here. The Nano X, on the other hand, is one of the most secure hardware wallets available.
Everything is kept on the device, and it doesn’t send any of that data to internet sources even when it’s connected onto your computer. This means you’re safer than you would be if you used an online wallet.
There have been no confirmed Nano X breaches to far, but hackers are resourceful. The greatest thing you can do is keep your gadget out of sight and out of mind.
Is it possible to use my Ledger Nano X with an iPhone?
Yes. Because Ledger supports iOS, you can operate your Nano X over Bluetooth from your smartphone if you have one.
Is the Ledger NanoX a Good Investment?
The conclusion is that the Ledger Nano X is well worth the investment. This is the hardware wallet for you if you want better security, support for a large number of currencies, and storage for a large number of applications. It’s a little amount to pay to ensure the safety of all of your digital assets.
-
Ledger Nano X
-
Bluetooth is an optional feature.
-
Supported Coins: 1,000+
-
The cost is $119.
-
Ledger Nano S
-
Added Feature: None
-
Supported Coins: 1,000+
-
59 dollars
-
Trezor One
-
No further features are available.
-
Supported Coins: 1,000+
-
$55 is the cost of this item.
-
Model T Trezor
-
Touch screen is an optional feature.
-
Supported Coins: 1,000+
-
The cost is $169.
The cost is $169.
DISCLAIMER: The activity of the cryptoassets discussed in this paper is uncontrolled. This post is not intended to provide financial advice. Always do independent research.
The Ledger Nano X is a new cryptocurrency hardware wallet that has been released by the Ledger company. It is a complete review of this product, including where to buy it. Reference: where to buy ledger nano x.
Frequently Asked Questions
Is it worth it to buy Ledger Nano X?
This is a difficult question to answer because everyones needs are different. If youre looking for a hardware wallet that can store and protect your cryptocurrency, then the Ledger Nano X is worth it.
Which Ledger Nano is the best?
The Ledger Nano S is the most secure and reliable option.
Is my Ledger Nano X genuine?
The Ledger Nano X is a genuine product.
Related Tags
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- ledger nano x vs s
- ledger nano x reddit
- ledger nano x uk
- ledger nano s
