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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.

In this Ledger Nano X review, 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 details.

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

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

Verdict at a GlanceLedger Nano X is the leading cryptocurrency hardware wallet in the market. It offers ultimate security, supports more than 5000 cryptocurrencies, can be managed from your mobile device and offers a more comfortable design compared to the company’s previous version. Even though Ledger Nano X is relatively expensive, its new features are completely worth it.

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.

Pros

  • Can be managed from mobile device
  • Very secure
  • Supports more than 5500 cryptocurrencies
  • Comfortable design

Cons

  • Relatively expensive

Ledger Nano X Review: Short Introduction to the Company and Wallet Itself 

Ledger was founded back in 2014 by eight specialists that have expertise in cryptocurrencies, embedded security, entrepreneurship and other safety solutions for blockchain applications. Currently, the company has more than 130 employees in Paris, Vierzon and San Francisco.

Interesting fact: Ledger is so popular that it has already sold more than 1 million devices. Impressive, right?

Ledger Nano X review: Hardware wallet.

Ledger wallet is highly recommended for people who are crazy about security. It’s so much more reliable than software wallets that are connected to the internet and can be hacked at any time. 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.

But, What is a Hardware Wallet?

To put it simply, a hardware wallet is a flash-drive-like physical device that holds your private keys offline as well as signs transactions for you. It is a type of a cold wallet that is not connected to the internet. Therefore, by far, hardware wallets are considered to be one of the safest ways of storing your crypto assets.

Since you have to physically connect your hardware wallet to a computer to use it, there's no way for hackers to access it. On top of that, even if you do connect your wallet to a computer that is controlled by a hacker or compromised by a virus, they still won't be able to access it.

Ledger Nano X review: Certified hardware wallet.

Why? Because they would have to know your secret recovery phrase (also known as seed phrase), which, obviously, only you should know. Besides that, the transactions you make are signed on your hardware wallet itself, 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.

Latest Ledger Nano X Coupon Found:

Ledger Nano X Review: PROS

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

Latest Ledger Nano X Coupon Found:

Ultimate 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 altcoins will be securely stored offline. That being said, as you already know, a hacker simply cannot access it online. 

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 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

Ledger Nano X review: Security.

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 would hack Bluetooth connection, Ledger Nano X features 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.

Overall level of security & safety of your assests offered by a certain crypto wallet.

Whether the crypto wallet requires two-factor authentication as an extra layer of security when completing an action.

Whether the crypto wallet requires multiple keys to authorize a transaction as an extra layer of security.

Whether the crypto wallet requires a Pin code as an extra layer of security when completing an action.

The general anonimity level of your data.

What kind of methods of recovering your cryptocurrency assets in case you lose your wallet or forget your primary password does the wallet offer.

Who owns your private keys.

The level of control you have on the crypto wallet.

LEDGER NANO X TREZOR MODEL T

Security Level

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

2FA Two-factor Authentification

Multi-signature

Pin Code

Anonimity Level

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

Backup Type

24-word Recovery Phrase or Nano S Plus 12-24 letter and number code

Private Key Owner

You You

Full Wallet Control

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No
Partial
Yes
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No
Partial
Yes
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Read review
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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.

Ledger Nano X review: Protect your crypto assets.

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. 

Supports the Main Cryptocurrencies and More

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

Ledger Nano X review: Install apps.

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

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • USD Tether (ERC20) (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.

Though, 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 few differences are that it’s slightly heavier and has a wider screen, however, you can still fit it in your hand easily.

The navigation buttons are located next to the screen, just like in the previous model. If you want to press “enter”, just hold the two buttons together. 

Ledger Nano X review: Two buttons.

All in all, it’s safe to say that the Ledger Nano X design is more advanced compared to the S version. Since you have a bigger screen, it’s easier to see wallet addresses and all the other needed details. 

Moving further, if you want to connect Ledger Nano X to your computer, you can do that using a USB-C cable, however, there’s also a possibility to use your wallet using a smartphone. The latter option is so much more comfortable as you can move your funds to the hardware wallet instantly. However, it might also raise some security concerns (due to Bluetooth connection) 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. 

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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. 

Currently, Ledger Nano X price is 149,00 €‎. Compared to the S Plus model that costs only 79,00€‎, that’s quite an increase. However, don’t forget that Ledger Nano X is a new and 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

Ledger Nano S Plus Ledger Nano X
  • Up to 100 apps
  • 5,500+ compatible crypto assets
  • Ledger Live 
  • 50+ wallets compatible
  • Bluetooth: -
  • Screen: 128 x 64 pixels
  • Connector - USB Type-C
  • Battery: -
  • Price: 79,00€‎
  • Up to 100 apps
  • 5,500+ compatible crypto assets
  • Ledger Live 
  • 50+ wallets compatible
  • Bluetooth compatibility 
  • Screen: 128 x 64 pixels
  • Connector - USB Type-C
  • Battery: 8 hours
  • Price: 149,00€‎

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 8 hours, which Ledger Nano S Plus doesn't have. Besides that, Ledger Nano X provides Bluetooth compatibility that allows you to manage Ledger wallet from your mobile device.

While Ledger Nano X is almost twice as expensive, it comes with features that are completely worth the price.

What Comes in the Ledger Nano X Wallet Package? 

Ledger Nano X comes with a package that contains 5 elements, 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 software that’s needed to set up your device and manage cryptocurrencies. 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 Nano X review: Ledger Live.

Though, Ledger Live allows you to do so much more than just set your device and manage you cryptocurrencies. It also allows you to buy, sell, cash out, exchange and lend your crypto assets directly in the app through the platfroms Ledger has partered with (including Simplex, Coinify, 1inch, 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 on such blockchain as Ethereum, Polkadot, Solana, Cosmos, Tron, and others.

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.

Step 1: Get Ledger Live.

When you'll download an app, add an account that will allow you to manage crypto.

Ledger Nano X review: Set up step 1.

Step 2: Set up as a new device.

To set up a new device, you need to turn it on first. Just press and hold the button next to the USB port until you see the Ledger logo. Once it’s done, you’ll need to read the on-screen instructions. You can proceed by pressing the right button and go back by pressing the left one. When you’ll see “Set up as a new device” on the screen, you need to press both buttons simultaneously.

Ledger Nano X review: Set up step 2.

Step 3: Choose a PIN code.

After performing all the previous steps, it’s time to choose a PIN code. Simply press both buttons simultaneously until you see “Choose PIN code” on the screen.

Ledger Nano X review: Set up step 3.

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.

Ledger Nano X review: Set up step 3.2.

Step 4: Write down your 24-words recovery phrase.

After entering the pin code, you will see the recovery phrase on the screen. Since it will be provided only once, you have to make sure to write it down carefully. To begin, press both buttons and you’ll see word #1. Write it down and press the right button to move to word #2. Continue until you have all 24 words. Once again, press both buttons to proceed.

Ledger Nano X review: Set up step 4.

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.

Ledger Nano X review: Set up step 4.2.

Step 5: Install apps.

Once your device is ready, you can install applications on your device. To do that, simply go to the Ledger Live Manager and choose the needed apps. All of the most popular cryptocurrencies are available, you can find Bitcoin, Ethereum, XRP, Litecoin and many other apps.

Now you can access the Ledger dashboard.

Ledger Nano X review: Set up step 5.

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:

Step 1: Press the Transact tab that you can find at the bottom of the app.

Ledger Nano X review: Receive funds step 1.

Step 2: TapReceive”.

Step 3: Choose the account to use.

Ledger Nano X review: Receive funds step 2.

Step 4: Confirm that the address that’s shown in Ledger Live matches the one that you can see on the device.

Ledger Nano X review: Receive funds step 4.

Step 5: Copy the address and share it with a person that will send you funds.

Ledger Nano X review: Send funds step 4.

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

How to Send Funds

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

Step 1: Press on the Transact tab that you can find at the bottom of the app.

Ledger Nano X review: Send funds step 1.

Step 2: Tap “Send”.

Ledger Nano X review: Send funds step 2.

Step 3: Choose the account that you want to send funds to.

Ledger Nano X review: Send funds step 3.

Step 4: Enter the recipient address. You can do that either manually or by tapping “Scan QR Code”.

Ledger Nano X review: Send funds step 4.

Step 5: Enter the amount that you want to send.

Step 6: Press “Continue”.

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

Step 1: Check the transaction details and if they’re correct, tapcontinue”.

Step 2: Make sure that your device is turned on and unlocked and then select the Ledger Nano X to send with.

Step 3: Open the crypto app and tapcontinue”.

Step 4: Go through all transaction details and make sure they’re correct. Once you’re ready to verify it, press two buttons.

Step 5: Your transaction is verified!

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.

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Conclusions

Therefore, 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, the newer model provides better usability. Not only it allows you to use a mobile app to manage crypto assets, but also has a battery that lasts up to 8 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 less-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.

About Article's Experts & Analysts

By Jong-Chan Chung

Venture Manager at Blockchain Founders Group (BFG)

Jong-Chan Chung (Jong) is a highly experienced Web3 startup investor and company builder at Blockchain Founders Group (BFG) with a passion for decentralized finance. Jong is known for his astute investment judgment and ability to identify game-cha...

By Ain N.

Lead Crypto Researcher

Ain is the Lead Crypto Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data. With...
Ain N., Lead Crypto Researcher
Ain is the Lead Crypto Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data.
With a degree in New Media studies, she has developed an extensive list of techniques to educate people via new, research-proven study models based on deduction and long-term human memory.
Ain approaches everything with unequivocal attention to detail. Her main goals are to erase the ambiguity surrounding many Web3 concepts, and to guide content writers in presenting difficult crypto-related concepts in an easy-to-understand manner.
Even though content strategy is her main passion, Ain also enjoys reading high-fantasy books and watching superhero movies.
Jong-Chan Chung, Venture Manager at Blockchain Founders Group (BFG)
Jong-Chan Chung (Jong) is a highly experienced Web3 startup investor and company builder at Blockchain Founders Group (BFG) with a passion for decentralized finance. Jong is known for his astute investment judgment and ability to identify game-changing technologies that can potentially transform traditional finance. With a focus on fostering innovation and supporting the growth of promising startups, Jong has helped numerous companies raise funding and bring their products to the market. His dedication to the industry and commitment to driving change has earned him a reputation as one of the leading voices in the Web3 space. Moreover, he leads the efforts at Web3 Talents, a blockchain mentoring initiative at the Frankfurt School Blockchain Center that educates more than 1000 people annually. Born and raised in Germany, he lives in Seoul, South Korea.

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Recent Ledger Nano X User Reviews

E Cruz

5.0/5.0 - Ledger Nano X User
03/01/2024

Perfect combo

Cold wallets are my favourite due to security they guarantee, but the Ledger nano x more convenient than other alternatives because of the BT connection feature

Evaluation

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Bessie Cox

5.0/5.0 - Ledger Nano X User
24/12/2023

Love this device

This ledger x review is only giving me more reasons to appreciate the company more :D The creators have thought of everything that is security related and users don't have to sacrifice convenience!!

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Pia8628

5.0/5.0 - Ledger Nano X User
02/12/2023

Supports soooo many cryptos

All my coins are supported by one wallet! Got really tired of using multiple coin-dedicated wallets...

Evaluation

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weaver

4.4/5.0 - Ledger Nano X User
11/02/2024

price is justifiable

considering the fact that nano x is an upgraded model s version, i don't mind paying more. also, currently their main competitors charge similar prices even though none of them are as functional.

Evaluation

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Brianna B.

4.2/5.0 - Ledger Nano X User
17/02/2024

Not for beginners

I currently use a different wallet, but still aspire to be experienced enough trader with a flashy portfolio and purchasing Ledger wallet would be the next logical step. Purchasing it now as a beginner, I would be wasting a lot of money and pointlessly flexing :))

Evaluation

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KADEN

4.8/5.0 - Ledger Nano X User
10/02/2024

GREAT

Worth paying the price for the quality and security the wallet provides

Evaluation

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T Franco

5.0/5.0 - Ledger Nano X User
31/12/2023

No bad words

Have no security concerns and just want to compliment the improved interface and design on the physical wallet!

Evaluation

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Judith_ray

5.0/5.0 - Ledger Nano X User
16/02/2024

Worth it for me!!

Even with few cryptos i have, it is worth purchasing the wallet and storing my funds on this platform

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darlene spears

5.0/5.0 - Ledger Nano X User
22/01/2024

trustworthy wallet

I trust ledger's security features enough to access my funds through my smarphone

Evaluation

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Lovell_Lee

5.0/5.0 - Ledger Nano X User
28/01/2024

Happy with the upgrade

Very happy I decided to upgrade my wallet to ledger x. Security is a priority for me and I consider this device to be best in the market

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FAQ

How is Ledger Nano X better than Ledger Nano S Plus?

Ledger Nano X came out with some great improvements. It has a battery that can last roughly 8 hours as well as offers Bluetooth compatibility that provides you with an ability to manage assets using your mobile device.

Is Ledger Nano X secure?

Ledger Nano X is super secure. Since it's a cold wallet, all your assets will be stored offline. The device features Secure Element (SE) and unique operative system called BOLOS that add additional security. What is more, you have to create a PIN code and get a 24-word recovery phrase.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don't need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you're just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you're an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

Can you keep your cryptocurrencies in two or more wallets at a time?

Definitely! It's also part of crypto storage best practices, too! Most cryptocurrency enthusiasts prefer to have a software and a hardware wallet - the former for easy access and trading, and the latter for safe storage. However, you can also utilize multiple wallets simply in order to make sure that your assets are safe and sound. This way, if one of your crypto wallets becomes compromised, you won't lose all of your assets.

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