Ledger Nano X Cryptocurrency Hardware Wallet Review – The Next-Generation Crypto Wallet That Lives Up to the Hype
Behold: It’s Ledger’s Next-Gen Hardware Wallet!
In the cryptoverse, the most popular cryptocurrency hardware wallet manufacturers to date have proven to be Ledger and Trezor.
Last year, Trezor followed up its Trezor One wallet with its new flagship device, the Trezor T. Since then, crypto watchers have been curious to see how the space’s other security heavyweight Ledger would build off the success of its own popular wallet, the Ledger Nano S.
The good news for HODLers is that wait’s finally over: the next generation Ledger Nano X has arrived. Here’s the MHW team review of the new wallet to help you get up to speed on what you can expect from it.
What Comes in the Box?
No surprises here: ordering one Ledger Nano X will come with everything you need to use the next-gen device right in the box.
Inside, you’ll find one hardware wallet unit and a USB cable you can use to connect your wallet to a computer (note: the Nano X does boast wireless Bluetooth functionalities – more on that later).
In the box you’ll also find an instructions leaflet and three recovery sheets, which you can use to backup your device’s recovery seed in secure physical locations. There’s a key chain strap you can use for carrying your wallet around, too.
Hold it up in the palm of your hand, and the Ledger Nano X looks and feels like a smoother and more rounded Nano S.
The device comes in at 72mm x 18.6mm x 11.75mm in size, and its shape will feel familiar to anyone who’s used a USB stick.
Naturally, the wallet is visually updated version of its predecessor – it’s kept the same general aesthetic while embracing a sleeker look and an up-sized 128 × 64 pixel screen.
Setting Up the Ledger Nano X
The startup process is straightforward.
You’ll first want to download the Ledger Live app in the Apple Store or on Google Play – you can later use the app in conjunction with the Nano X to make crypto transactions via your smartphone when you’re on the move.
Once you have Ledger Live up and running, the app will ask you if you’d like to “Initialise as a new device.” At this point, you’d select the Ledger Nano X option. You’ll then turn your wallet on by holding down the button adjacent to its USB port for three seconds.
After going through some basic on-screen instructions, your wallet will let you choose to “Set up as new device.” A PIN code will be created to help secure the device.
Next up is the recovery seed process. Your Nano X will generate 24 random words that you’ll want to write down on one or more of your recovery sheets. Your wallet will be ready to use after you finish up a word-by-word seed confirmation process.
How Secure is the Nano X?
The Ledger Nano X doesn’t slouch when it comes to security.
The hardware wallet’s certified (CC EAL5+) secure element undoubtedly secures Ledger’s position at the vanguard of security practices in the cryptocurrency space. To protect your crypto, turning to an industry leader’s flagship device is a good place to start.
Familiarity with the Ledger Nano S
If you liked the Ledger Nano S, you’ll love the Ledger Nano X. Think of the latter like a supercharged version of the former that still maintains the same general UX vibe.
Whereas the Nano S had little storage space, the Nano X can hold up to 100 applications simultaneously – that’s a big plus for users whose altcoin portfolios are more expansive.
The Nano X’s larger screen also makes it easier and clearer to make transactions compared to its predecessor. Another unique factor of the Nano X is that it offers end-to-end Bluetooth encryption, which allows you to safely make crypto transactions through your phone.
How the Device Compares with Other Leading Crypto Wallets
The principal difference between the Ledger Nano X and the Trezor T is that the latter doesn’t offer bluetooth functionalities.
With that said, if securely making transactions on the go is a big priority for you, then the Nano X could be a natural fit compared to the Trezor T or metal-based cryptocurrency storage solutions like Steely and CRYPTOTAG.
On the flip side, if you think you’d enjoy a large and square screen more from a UX perspective, then the Trezor T might be better suited to you.
Ease of Use Factor
The Ledger Nano X is very easy to use; anyone as young as a preteen should find the device familiar and intuitive.
The wallet’s on-screen instructions and starter pamphlet are clear and easy to understand, and Ledger has published extra resources, like guides and videos, to make using the Nano X as simple as possible.
Conclusion: a Next-Gen Hardware Wallet Built with Users in Mind
All in all, the MHW team gives the Ledger Nano X a 9.5/10 rating.
The device makes using crypto very easy and very safe, which is everything you could hope for out of a hardware wallet. We’d sincerely recommend it to anyone who wants a superior HODLing experience.
If bluetooth tech becomes the UX status quo in the industry, then look to Ledger as having been the trendsetter.
Does Ledger’s latest crypto wallet sound like the device for you? Pick up your own Ledger Nano X today via the My Hardware Wallet shop and #SecureTheCoin. Posted by Myhardwarewallet on May 7, 2019 in Ledger, Security