Ledger Nano X Review

With the growing popularity of cryptocurrencies, there’s also an increasing need for secure wallets. Storing your cryptocurrencies online may not be the best idea. However, hardware wallets are truly reliable when it comes to keeping huge amounts of crypto. That’s why this Ledger Nano X review might be exactly what you’re looking for.

Here, I will provide you with all the details regarding this hardware wallet, including information about the company, Ledger Nano X supported coins, pros and cons, as well as additional information.

By the end of this Ledger Nano X review, you should be able to decide whether or not this wallet is suitable for your needs.

Without further ado, let’s jump into the details about the company and the Ledger wallet.

Jong-Chan Chung

Venture Manager at Blockchain Founders Group (BFG)

What is the role of crypto wallets in the DeFi ecosystem?

It is arguably the entry point to decentralized finance. While you can buy and trade crypto without having the knowledge of and having to touch crypto wallets through centralized exchanges (CEXs), interacting with decentralized applications through your wallet marks the first step of emancipation from trusted intermediaries.

Ledger Nano X Review: A Short Introduction

Ledger was founded back in 2014 by eight specialists who have expertise in cryptocurrencies, embedded security, entrepreneurship, and other safety solutions for blockchain applications. Currently, the company has more than 700 employees in Paris, Vierzon, London, Portland, Singapore, and more.

Ledger wallet is highly recommended for those who truly care about security. It’s so much more reliable than software wallets that are connected to the internet and more prone to cyberattacks. Being a cold wallet, all of the assets that are transferred to Ledger Nano X are held offline. I’ll get more into details when talking about security in this Ledger Nano X review.

What is a Hardware Wallet?

To put it simply, a hardware wallet is a physical device that holds your private keys offline as well as signs transactions for you. Since it is not connected to the internet, hardware wallets are considered to be one of the safest ways of storing your crypto assets.^[1]

When using a hardware wallet, your private keys remain securely stored on the device, meaning hackers can’t directly access them, even if your computer is compromised. However, users must still verify all transaction details on the hardware wallet screen, since malware can try to trick you into approving a fraudulent transfer.

However, hardware wallets are generally considered practically impenetrable. This is because attackers would have to know your secret recovery phrase (also known as a seed phrase), which, obviously, only you should know. Additionally, the transactions you make are signed directly on your hardware wallet, not on the device it is connected to.

So, as you can see, hardware wallets surely are very safe. To steal anything from you, the hacker would have to steal the actual physical device and know your recovery phrase. That being said, make sure to keep your hardware wallet recovery phrase out of reach for anyone but you.

Now, let's get back to the Ledger Nano X Review and see why this hardware wallet is one of the best ones out there.

Ledger Nano X Review: PROS

Let’s begin this Ledger Nano X review with the positive aspects. Make sure to consider each of them before making the final decision.

Top-Tier Security

“Is the Ledger Nano X safe?” - That’s one of the main questions that cryptocurrency enthusiasts keep asking before purchasing this device. For this reason, I want to make this super clear once and for all.

Ledger Nano X can provide you with ultimate security. It’s a hardware wallet, which means that all of your Bitcoins, Litecoins, and other cryptocurrencies will be securely stored offline. That being said, as you already know, a hacker simply cannot access it online.

📚 Check Out: How a Hardware Token Provides Crypto Protection

You might notice that Ledger Nano X has Bluetooth Low Energy (BLE) connectivity that allows you to use it without the need for a cable. While a wireless connection sounds really convenient, it can also raise some security concerns. However, before jumping to conclusions, let me assure you that there are no security issues when it comes to Ledger Nano X.

Since only public data is transferred via Bluetooth and your private keys and seed never leave the device, there’s no reason to worry about that. The company highlights the fact that even if someone were to hack the Bluetooth connection, Ledger Nano X features a Secure Element (SE) that would ask for your permission before making any changes.

What is more, it’s important to mention in this Ledger Nano X review that the company developed a unique operating system called BOLOS that integrates a secure chip for the Ledger wallet line. Ledger is the only wallet in the market that offers such technology.

Moreover, once you receive your Ledger Nano X device, you’ll have to create a pin code of at least 4 digits. Make sure to keep this code to yourself. In case you forget your pin, there’s a 24-word recovery phrase that you’ll be given in order to create a new pin. That being said, you shouldn’t be asking “Is the Ledger Nano X safe?” because it’s one of the most secure cryptocurrency wallets in the market.

	LEDGER NANO X	TREZOR MODEL T
Security Level	| | | | | Very Poor Average Excellent	| | | | | Very Poor Average Excellent
2FA Two-factor Authentication
Multi-signature
Pin Code
Anonymity Level	| | | | | Very Poor Average Excellent	| | | | | Very Poor Average Excellent
Backup Type	24-word seed phrase or Nano S Plus	12-, 20-, and 24-word seed phrase
Private Key Owner	You	You
Full Wallet Control	| | | | | No Partial Yes	| | | | | No Partial Yes
	Visit site Read review	See TOP10 Brands Read review

Table: The security features of the Ledger Nano X and the Trezor Model T

Now, since Ledger is a hardware wallet, it’s crucial to consider its protection against physical damage. The good news is that Ledger Nano X is made using the highest-quality materials that can protect the device from physical damage. Since the cover is made of stainless steel, it’s completely protected in case you drop it.

Software wallets (also known as hot wallets) work entirely differently. They can usually be downloaded on desktop or mobile devices. Many people choose hot wallets because most of them are completely free (except for fees) and are super easy to use. In most cases, even people who are using them for the first time can figure things out.

However, what’s important to understand is that you should never keep huge amounts of cryptocurrencies in software wallets - a hacker can install malware into your device and infect it using a keylogger that allows stealing your wallet’s private keys and possessing your cryptocurrencies. Doesn’t sound too safe, am I right?

Of course, I’m not saying that all software wallets are bad; they’re simply not as reliable as hardware options. That being said, you should only store an amount that you wouldn’t be too sad to lose in them.

Cryptocurrency Support

If you’re not into the mainstream cryptocurrencies, such as Bitcoin and Ethereum, but rather prefer less popular options, it’s crucial to be aware of the Ledger Nano X-supported coins. After all, there’s no such device that would support all the existing cryptocurrencies.

Ledger Nano X supports more than 5,500 coins and tokens, including the most popular cryptocurrencies:

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• USD Tether (USDT)

• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Binance Coin (BNB)
• EOS (EOS)

Ledger also supports other, less popular altcoins, so even if you’re into less mainstream cryptocurrencies, I bet that you’ll be able to find your coin.

Besides supporting cryptocurrencies, Ledger also supports NFTs. Thus, you can store and manage your NFTs safely, the same way you can store and manage your cryptocurrencies.

Design and Usability

Appearance-wise, Ledger Nano X is almost the same as the company’s first model - Ledger Nano S (though it was discontinued and replaced with Ledger Nano S Plus). The only differences are that it’s slightly heavier, has a wider screen, and has different button placement. However, you can still fit it in your hand easily.

The navigation buttons are located next to the screen instead of on the top of the device, like the Nano S Plus. If you want to press [Enter], just hold the two buttons together.

The material used for this device is a combination of brushed stainless steel and durable plastic. This gives the Nano X a sleek, premium feel and added durability compared to the more matte, plastic finish of the Nano S Plus, while still being compact and lightweight enough for daily use.

All in all, it’s safe to say that the Ledger Nano X design is more advanced compared to the S version. The button placement is more intuitive, which will likely improve how you navigate the device.

Furthermore, if you want to connect Ledger Nano X to your computer, you can do that using a USB-C cable. You can also connect it to your mobile phone via Bluetooth. The latter option is so much more convenient, as you can move your funds to the hardware wallet instantly. However, it might also raise some security concerns that I mentioned earlier in this Ledger Nano X review.

Thus, Ledger Nano X comes with some truly amazing updates that make the entire process of using this hardware wallet way more enjoyable.

Did you know?

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Ledger Nano X Review: CONS

Even though Ledger Nano X comes with some great features, there’s also something that you should take into consideration.

Relatively Expensive

When it comes to hardware wallets, one of the main problems is that you have to actually buy them. Even though their prices tend to vary, Ledger Nano X is one of the more expensive options.

At the time of writing, you can get the Ledger Nano X for $149,00. Compared to the S Plus model that costs only $79,00, that’s quite an increase. However, don’t forget that this wallet is an improved version that comes with really attractive features that you can find in no other wallet in the market.

While the price is one of the main reasons why people choose software wallets (most of them are free), security should always come first when it comes to storing cryptocurrencies. Just imagine losing all the coins you store in your software wallet, just because you didn’t want to purchase a hardware wallet.

Ledger Nano X Compared to Ledger Nano S Plus

I keep saying that Ledger Nano X is a new and improved wallet that can provide you with even more features. However, how is it different from the Ledger Nano S Plus?

For the sake of clarity, I would like to provide you with a quick comparison of these two devices.

Table: Comparison between Ledger Nano S Plus and Nano X

As you can see, there are a few main differences when it comes to Ledger wallets. Ledger Nano X has a battery that can last up to 5 hours, which Ledger Nano S Plus doesn't have. Besides that, Ledger Nano X provides Bluetooth compatibility that allows you to manage your Ledger wallet from your mobile device.

While Ledger Nano X is almost twice as expensive, I think it comes with features that are completely worth the price, especially if you care about convenience.

What Comes in the Ledger Nano X Wallet Package?

Ledger Nano X comes with a package that contains several items, including:

• 1 USB-C cable
• 1 keychain strap for the device
• 3 recovery sheets
• 1 getting-started leaflet
• Ledger Nano X device itself

Even though further in this Ledger Nano X review, you’ll find all the needed information on how to use the device, there’s always a starting leaflet that will guide you through the process.

What is Ledger Live?

Now, if you plan on getting a Ledger hardware wallet, you should also know what Ledger Live is. Put simply, Ledger Live is the companion software that’s needed to set up your Ledger device and manage cryptocurrencies in it. You can download the desktop app for Windows, Mac, and Linux on Ledger’s official site, and get a mobile app from App Store or Google Play.

Ledger Live allows you to do so much more than just set up your device and manage your cryptocurrencies. It also allows you to buy, sell, and swap your crypto assets directly in the app through the platforms Ledger has partnered with (including Simplex, Coinify, MoonPay, and others).

In addition to that, Ledger Live also allows you to grow your holdings through staking. If you don't know what staking is, in essence, it's locking up your coins in order to become a validator on a Proof-of-Stake blockchain. In return for transaction validation, you get more coins as a reward. Ledger Live allows you to stake cryptocurrencies like Ethereum, Polkadot, Solana, Cosmos, Tron, and others.

📚 Read More: A Beginner's Guide to Crypto Staking

That being said, let's see what you have to do after buying the Ledger Nano X wallet.

How to Set Up Ledger Nano X?

There are six steps to follow when setting up Ledger Nano X. In this example, I'm pairing it with my desktop computer.

Use any of the buttons to select a digit and press both buttons simultaneously to validate it. Your code should consist of 4-8 digits, so once you’re done, press [✓]. Re-enter the pin to confirm it.

Now, using the right and left buttons, you need to select the #1 recovery phrase. Continue until you confirm all 24 words. And, your device is ready! Press both buttons and access the Dashboard.

Now you can access the Ledger dashboard.

How to Receive Funds

To receive crypto assets, you first need to make sure that you have Ledger Live together with a created account as well as the needed app. For example, if you want to receive Ethereum, you need to install the Ethereum app. After it’s done, follow these steps:

Even though we already figured out is Ledger Nano X wallet is safe, you should still be careful and make sure that the address you share with other people is the same as it was initially provided.

How to Send Funds

Before sending funds, you need to enter transaction details. Here’s a quick guide on how to do that:

After entering transaction details, you will need to verify and sign. Here’s how you can do that:

It might seem slightly challenging to use this hardware wallet. However, if you followed this Ledger Nano X review, that shouldn’t be an issue.

Conclusions

I can confidently say that Ledger Nano X is one of the most reliable hardware wallets in the market. Since it’s a cold wallet and your private keys are held offline, hackers have no access to it.

Moreover, compared to Ledger Nano S Plus, Nano X provides better usability. Not only does it allow you to use a mobile app to manage crypto assets, but it also has a battery that lasts up to 5 hours.

When it comes to Ledger Nano X-supported coins, the device is compatible with more than 5,500 cryptocurrencies. That being said, you’ll be able to store not only the most popular but also lesser-known coins and tokens.

I hope that this Ledger Nano X review was helpful and you managed to find all the information that you were looking for. Whatever you decide, always know that cold wallets can protect your cryptocurrencies best.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Suratkar S., Shirole M., Bhiru, S.: 'Cryptocurrency Wallet: A Review';

2. Chainalysis: '2025 Crypto Crime Trends'.