Ledger Nano X

The Ledger Nano X is a cryptocurrency hardware wallet, the latest in chronological order launched by the company. Compared to the others on the market, it is certainly of a higher level: it has a greater capacity for coins and can count on Bluetooth connectivity.

This makes it one of the best tools for managing your crypto assets. In the next few lines we will provide you with a detailed guide on the hardware wallet in question: we will analyze its operation, pros and cons, supported cryptocurrencies, reliability and much more. What is Ledger Nano X Wallet Hardware How Ledger Nano X works Ledger Nano X operating system Ledger Nano X supported cryptocurrencies Is Ledger Nano X reliable? Is Ledger Nano X safe? Advantages and disadvantages Ledger Nano X vs Ledger Nano S Final judgment

What is Ledger Nano X Wallet Hardware

Compared to other models, the Ledger Nano X is an even more compact and lightweight hardware wallet. It weighs just 34 grams, making it a perfect pocket device. In addition to the latter, the package includes a USB cable for connection to a PC or smartphone, the illustrated sheet with instructions for using Ledger Nano X, a strap to hang the device around the neck and three sheets for password recovery. , with instructions in case of loss.
 How Ledger Nano X works

 Ledger Nano X is used to manage your cryptocurrency operations: with this device, you can store, add or send crypto. To add a cryptocurrency just open the Ledger Live software from any device, and once opened you need to authenticate with your credentials, thus accessing the main panel, where all the wallet functions are available.

 Once this is done, you need to go to the catalog of available crypto, choosing the one we are interested in adding to the wallet. After selecting the cryptocurrency you are interested in, the application will start the download. The code will be transferred to the Ledger Nano X, which from that moment will be ready to host wallets of the selected cryptocurrency. To complete the storage on the device we will have to provide the access keys to the wallet.

 By clicking on the "Receive" button, we will display a unique code that can be used as the destination address for sending Bitcoins directly to the Ledger Nano X. The procedure for sending cryptocurrencies is identical, with the only difference that you need to click on the "Send" button .
 Ledger Nano X operating system

 Ledger Nano X

 The operation of Ledger Nano X is based on the BOLOS operating system, developed by the same company. It doesn't have open source code, so it can't be customized by developers. However, it is not accessible to potential attackers looking for bugs. Thanks to the fact that the company jealously guards every string of BOLOS code, the security of the Ledger Nano X is absolutely top notch. levels.

 There is no need to do any external installation by downloading to the PC and transferring via USB cable: the operating system is already installed inside the wallet microchip. This is good for its security: this step, foreseen in some competing products, allows on the one hand to download the firmware versions that you prefer, but on the other hand it unnecessarily exposes the hardware wallet to an Internet connection, thus increasing the you risk being hacked.

 That said, Ledger Nano X is compatible with Windows PC (8 or newer) and MacOS (10.9 or newer) and mobile devices (Android 7.0 or newer; iOS 9 or newer). We can therefore conclude that it can be connected to all operating systems released or in any case updated after 2017. Before buying it, we therefore recommend that you check the characteristics of the system installed on your device.
 Cryptocurrencies supported by Ledger Nano X

 The hardware Ledger Nano X wallet can handle a lot of cryptocurrencies. It starts with Bitcoin and Ethereum, which are obtained when the device is first set up. Then, you can add through the wizard: Monero; Zcash; Ethereum Classic; Dash; Litecoin; Hypercash

 and many others. To make it work, the device doesn't need you to install all the cryptocurrencies, only the ones you need for your investments. In fact, the hardware wallet allows you to manage up to 100 cryptocurrencies at the same time.

 Is Ledger Nano X reliable?

 Yes, the Ledger Nano X is an absolutely reliable device. Obviously, no method is 100% secure, but the key, and hardware wallets in general, have the advantage of having limited access to the network. Therefore they guarantee a lower risk of being attacked by hackers.

 Note: losing the block sheet or not remembering the phrase of your wallet, or even losing your USB key, means losing all your data. In this case, the company will not be able to do anything to help you. Hence, reliability also depends on how you behave with your device.
 Is Ledger Nano X safe?

 The hardware wallet is secure, thanks to several tools. The first is 2Fa two-factor authentication, which materially creates a difficulty in the event of an attack. Another useful tool for device security is the Secure Element chip: it is a safe and certified chip, inside which your private keys are stored and protected.
 Advantages and disadvantages

 The Ledger Nano X is the enhanced version of the S model, and for this reason some flaws found in the use of its predecessor have been overcome. Among the significant additions we point out the Bluetooth connectivity and a further reduction in size.

 In general, it is an easily configurable and manageable hardware wallet: just use the Ledger Live application, which allows you to securely use up to 22 cryptocurrencies directly from your smartphone or desktop. With Ledger Live you can manage more than 1100 cryptocurrencies, and thanks to the large capacity of the hardware wallet it is possible to manage up to 100 cryptocurrencies simultaneously on a single device.

 Ledger Nano X does not have many cons: it lacks the hole for the lace, and the holes inserted in the narrow part of the Ledger are not as comfortable as in the S version. There is some doubt about the durability of the device over time: the battery life exceeds the two years could have deteriorated considerably, even if the company speaks of a total duration of five years. But for that moment it could also be the case to buy a new model just released.
 Ledger Nano X vs Ledger Nano S

 Ledger Nano X vs Ledger Nano S

 Obviously it is also right to compare Ledger's two flagship devices: on the one hand the Ledger Nano X and on the other the Ledger Nano S. The latest model certainly has features that meet the needs of the busiest brokers: If you have a fast-paced trading pace, the Nano X is preferred. In any case, this device can also count on a more valid battery over time (estimates are talking about at least five years of use without any problems). The Nano X, compared to the Nano S, also has a screen that is twice as large.

 If you notice that you need a larger ROM to use many more apps at the same time, then you should use the Nano X. It depends on the frequency of transactions. As we said a few lines above, all those investors who work every day with exchanges and need a wallet continuously, should prefer Nano X, but if instead you simply need to secure the private key, then you can choose the Ledger Nano S.

 In case you need to connect an iPhone for your operations with the hardware wallet, you can only use the Nano X. In fact, only this device allows you to connect a smartphone from Bluetooth. If you have an Android device, you can do without it and connect the USB cable of the Nano S. Using Bluetooth, although encrypted, is a little more risk. Of course, there is a one in over a million chance that someone will be able to crack the encryption in the exact 2 seconds you are using the Nano X for an iPhone operation via Bluetooth…