If you’re serious about crypto and being in control of your assets, Ledger can be a great solution. When you own crypto, what you really own is a private key which you need to keep safe. With Ledger, this is stored offline and away from any potential harm with just you in the driver’s seat.
In this Ledger Nano X review, we’ll take a look at the Ledger Nano X hardware device and how it compares to its competition.
Who is Ledger?
Ledger was launched in 2014 and is a leader is cryptocurrency security, securing crypto assets such as Bitcoin, Ethereum and Litecoin. They describe themselves as “a fast-paced, growing company developing security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology.”
Initially, Ledger launched 2 hardware wallets which were the light Ledger Nano S and the touchscreen Ledger Blue, which can both supported 23 cryptocurrencies, and more via 3rd parties.
However, Ledger have now extended their portfolio and has clients in 165 countries, has sold over 1.5 million wallets and have 100 resellers globally.
What is a Hardware Wallet?
A hardware wallet is often a small device and is a portable key allowing you to access your crypto assets safely from anywhere. Your crypto is not stored on the hardware wallet as these are stored on the blockchain. The wallet simply stores your private key which allows you access to manage your crypto and is secured with a pin.
With your private keys being stored on a device, they are kept off the internet and away from any potential harm. This is sometimes referred to as “cold storage”.
What is the Ledger Nano X?
The Ledger Nano X is a hardware wallet by Ledger. Allowing you to install up to 100 crypto applications at the same time. Plus there’s more than 1500 coins and tokens supported, including Bitcoin, Ethereum, XRP, Litecoin.
With the Nano x you can secure, buy, sell, exchange anywhere you go. With added Bluetooth connectivity you can connect your Ledger Nano X to the Ledger Live mobile app and safely manage your crypto from your smartphone. Plus you can still connect it using the cable provided so that you can manage your crypto from your computer.
Ledger Nano X Supported Coins
With the Ledger Nano X you can buy, sell, exchange, stake, lend and manage 27 coins & more than 1500 tokens directly from your smartphone or computer. These include popular crypto such as; Bitcoin, Ethereum, DogeCoin Litecoin, Ripple and Stellar.
If you have less popular coins, such as the likes of an ERC20 token you may need to use the likes of MyEtherWallet or MyCrypto wallet to send and receive them. You can find a full list of Ledger supported cryptocurrencies here.
Previously, (with the Ledger Nano S). you could only install between 3 and 20 crypto applications on your device. However, with the Ledger Nano X, you can now install up to 100 apps on your device. However, this will depend on your app size.
What is Ledger Live?
Ledger Live is essentially your gateway to managing your Ledger hardware device. It is software that you can download onto your desktop or your mobile phone via an app. The software is free to use and supports both the Ledger Nano S and the Ledger Nano X.
With Ledger Live you can send, receive, stake and swap your crypto assets. With the recent addition of Bluetooth connectivity, you can perform all these actions on the go, with access from a mobile device.
Ledger Nano X App
The Ledger Nano X app, allows Ledger Nano hardware device users to manage their crypto from a mobile device. This is known as Ledger Live (Mobile). With the app, you can buy crypto such as Bitcoin and Ethereum via their partners Coinify. You can also use the app to send and receive your crypto on the go. Plus you can swap, stake and lend your assets too.
Ledger Nano X Price
The Ledger Nano X is currently priced at $119 (£109). Ledger also regularly run promotions for their devices which are worth checking out to get the latest deals.
You can also make savings by purchasing packs, which you can then use as additional or backup devices.
Ledger Nano X Discount Code
If you’re interested in purchasing a Ledger Nano X, or any of the Ledger products, they regularly run promotions where you can pick up some great deals. Ledger offer their biggest discounts during Black Friday and Cyber Monday, last year you could have saved a massive 45%.
Use this discount code to get $25.00 voucher.
Ledger Nano X vs S
The Ledger Nano X and S both come from the same family but how do they compare? Well, the Ledger Nano S has been around since 2016 and some users didn’t like the clunky buttons on top of their device. Nor the fact that they could only install a couple of applications at once.
These are the major changes implemented with the Ledger Nano X. The device now has buttons on the front of the device and five times more available storage space for apps. The Nano X also has a larger screen, both Bluetooth and wired connections and more powerful secure element chip.
All these new features do come at a price though and the Nano X comes out at $119 (£109). As opposed to the cheaper price tag of $59 (£54.50).
Ledger Nano X vs Trezor Model T
First up, let’s talk about the price and the Ledger Nano X will cost you roughly $119 whilst the Trezor T is $159. Although both regularly run promotions for their devices which are worth checking out.
The Trezor Model T has a really nice colour display and touchscreen which is very easy to use. Whereas the Ledger Nano X has a digital black and white display with 2 external buttons to operate. Both have a wide range of supported cryptocurrencies.
However, where Ledger takes the lead is with it’s Ledger Live management software and bluetooth connectivity (which Trezor is yet to include).
Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future.
After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.