Ledger’s reputation as a topnotch hardware maker is unquestionable, and one of its latest crypto wallets is the Ledger Nano X. While Ledger has other products in the crypto hardware, such as the Ledger Nano S, Ledger Nano X is the more advanced of the two. Ledger Nano X is credited for its quality, functionality, and security. The wallet is usually compared to its competitor, Trezor Model T, but Ledger Nano X is slicker in design. In this article, we’ll analyze the design, functionality, and security features of this sophisticated crypto wallet.
Design and appearance
The first impression you will get when you receive a package of Ledger Nano X is its sleek and minimalist design. Nano X comes in a simple package and a box that contains the device itself, 1 USB cable, 1 keychain, and a key ring, and multiple recovery sheets for writing down the seed phrase.
The device has a slightly larger screen that displays at a higher resolution and looks sturdier than its Nano S counterpart. As an upgrade of the Ledger Nano S, Ledger Nano X is so sleek in design that many have compared the parent company’s design principles to that of Apple Company. It has a compact appearance and intuitive user interface, and can easily fit in your pocket hence highly portable. The two hardware buttons are used to access the menu, make selections, and improve the recovery phrase. Ledger Nano X uses a USB micro-B interface for charging and connecting to the PC.
The Ledger Live Feature
It also possesses Ledger Live, which is its proprietary wallet interface software. The Ledger Live makes it simple to connect your device, send and receive multiple coins quickly through the Bluetooth feature.
Although the Ledger Live feature is an important component of the Ledger Nano X, there is a cost to it. In most blockchains, transactions must always be broadcast via a node on the network. Therefore, when you use Ledger Live, you will be using Ledger corporate nodes to broadcast your transaction. The implication is that Ledger will know all your public addresses, including the amount of Bitcoin you own.
Ledger claims that they do not tie a name to Ledger Live accounts, hence are not able to know the details of your account. However, it is important to take precautions and not trust anyone in the world of crypto.
The Ledger Nano X can easily pass out as a simple USB stick, hence does not standout. This makes it safer to carry around anywhere.
How to operate the Ledger Nano X
Operating the Ledger Nano X is made simple by its simple guide manual, which illustrates how to set the device up for use. The mobile-friendly hardware wallet can be paired with your smartphone using the Bluetooth feature. When operating the Ledger Nano X, always remember to note down the recovery seed on the provided recovery sheer and save it in a safe place.
To carry out recovery, you need to connect Nano X to your computer, access the Ledger website, and then install Ledger Live. At this point you click on ‘Initialize a new Ledger device’, and you are on your way.
Security Features of Ledger Nano X
The stand-out feature of Ledger Nano X is its emphasis on security. The wallet is fitted with CC EAL5+ certification, which is based on the ISO/IEC 15408 standard for computer security certification. Security could be the reason why you may need to buy Ledger Nano X, with its private keys that also secures the chips. This feature makes your private keys safe. The company has ensured that all its wallets, including the Nano X, are fully certified by the relevant security agencies such as ANSSI.
Ledger Nano X’s Bluetooth connection is also secured on both ends in end-to-end encryption. This means that the connection cannot be taken over, because the Bluetooth is only be used to approve transactions. This is more like an extension of the physical button. The extra keys and security features protect your wallet, in such a way that should someone access it, they cannot empty your crypto assets. Moreover, the device is equipped with a PIN code.
Cryptocurrencies Supported
There is no doubt that Ledger has made significant steps in making our crypto assets safe. Ledger Nano X supports more than 1100 digital assets, and one can trade more than three cryptocurrencies at a time. These include major tokens like Bitcoin, Bitcoin Cash, Ethereum, Bitcoin, Ripple, Monero, and Bitcoin Cash among many others. To add a new coin to your device, you just need to click on ‘Manager’, from where you can tap the blue install button on the coin you want to add to your wallet.
Ledger Nano X pricing
The crypto wallet is priced at $115, which is almost twice the price of Nano S. But the extra features make the price worth it. For example, the mobile feature is convenient for many who would want to access their crypto on the go. Additionally, Nano X is more than just a secure crypto wallet because you can use it to trade and grow your digital asset through interest features. It allows traders to stake Tezos ($XTZ) and Tron ($TRON) to grow your assets.
Conclusion
The Ledger Nano X is one of the most complete crypto wallets in the market today. It’s advanced security features, multiple currency support, and sleep non-conspicuous design makes it a good choice for those who own digital assets. Overall, Ledger Nano X is a good crypto wallet that anyone should consider for the safety and extra features to keep and grow their digital assets.
