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Ledger Nano X Review: Is It The Best Crypto Wallet In 2024?
Looking for the best crypto wallet in the business? Products made by Ledger are considered just that. The Ledger Nano X is a high-end cryptocurrency hardware wallet that offers an impressive amount of features as well as top-tier security. The Ledger Nano X, along with the rest of Ledger’s products, such as the Ledger Nano S, have been extremely well received in the cryptocurrency community. Ledger is among the most respected names in the realm; consider them like a Mercedes-Benz of crypto.
The security of the hardware wallet, and its ability to send and receive over 1300 crypto assets and tokens make the Ledger Nano X, and the rest of the Ledger product line, extremely popular. Our Ledger Nano X review will help you decide if it is right for you.
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- High-end wallet with top-tier security
- Supports over 1300 crypto assets and tokens
- Supports all major desktop and mobile operating systems
- Ledger has developed their own operating system
Ledger Nano X: Pros and Cons You Should Consider
Pros
Supports over 1300 crypto assets and tokens
Bluetooth enabled
Supports all major desktop and mobile operating systems
Private keys stored inside hardware wallet’s chip
Stores up to 100 applications including Bitcoin, Ethereum, and Solana
Cons
Fairly expensive
Cannot store more than 100 applications
Bluetooth only compatible with mobile app, not desktop
No assets or tokens can be purchased through Ledger Nano X
Ledger Nano X at a Glance
Ledger Nano X Features: Why It’s Trusted by Experts
The Ledger Nano X stands out in the crowded hardware wallet market, earning the trust of crypto enthusiasts and experts alike. Its cutting-edge security features, combined with practical innovations like Bluetooth connectivity and expanded storage capacity, make it a top choice for securing digital assets. Whether you’re managing a diverse portfolio of cryptocurrencies or seeking the convenience of mobile access, the Ledger Nano X offers robust protection and user-friendly functionality, ensuring that your assets remain safe and accessible at all times.
- Supports Thousands of Cryptocurrencies
Our Ledger Nano X wallet review has found that the cryptocurrency hardware wallet supports over 1300 crypto assets and tokens, meaning that almost any cryptocurrency you can think of can be stored on the wallet. Ledger provides detailed technical support, as both physical instructions are included with the wallet, and online instructions and troubleshooting.
- Bluetooth and Larger Screen
It has secure Bluetooth capability which makes it even easier to use than the Nano S and it has a larger screen so it is easier to read as well.
- Storage Capacity
Most Ledger Nano X crypto hardware wallet reviews also highlight the large storage capacity for up to 100 applications meaning you can hold most, if not all your crypto assets on one device, making it extremely convenient as well.
- Ledger Nano X security features
It should go without saying that the best security feature of any cold storage wallet is the level of security and the Ledger Nano X wallet does not disappoint in that category. It features the legendary Ledger quality and serves as a fortress to anyone attempting to steal your crypto. We’ll have more on that in a minute.
Ledger Nano X Supported Cryptocurrencies: What You Need to Know
The Ledger Nano X supports over 1300 coins and tokens including all the major ones such as Bitcoin, Ethereum, EOS and Litecoin and up to 1,250 ERC-20 tokens.
Here are some of the major cryptocurrencies that the Ledger Nano X supports:
For a full list of supported crypto assets and tokens please visit the official Ledger website.
Ledger Nano X Performance and Reliability: Is It the Best Buy?
Put simply: The Ledger Nano X is one of the safest devices on the planet to secure crypto.
Ledger has created its own operating system that the hardware wallet runs on called BOLOS and is the only company to provide this. Your private keys are stored and isolated inside the device on the most secure chip on the market. A PIN code is required to access the hardware wallet, and all transactions and changes made to the wallet’s settings must be confirmed by pressing the two physical buttons on the wallet.
In addition to the PIN, the Ledger Nano X allows for a passphrase to be created. Using this feature creates a separate account on the wallet, where you can store whichever assets you want, meaning even if your PIN is compromised, whatever accounts and assets you have stored with the extra passphrase cannot be accessed.
Finally, the Ledger Nano X uses a 24-word recovery phrase, rather than the standard 12-word phrase frequently seen for software wallets. This makes it even harder for your device, and therefore your assets, to be compromised.
Are there any downsides? Some crypto purists don’t love the idea of a Bluetooth connection, which potentially opens up more attack vectors, but Bluetooth has been remarkably secure over the years.
Is the Ledger Nano X reliable and safe? We can conclusively say yes.
Ledger Nano X and the Ledger Live App: A Seamless Integration
The hardware wallets Ledger offers such as the Nano X and Nano S are some of the best hardware cryptocurrency wallets on the market, but that’s not the only product the company offers.
The Ledger Nano X app brings users convenient ways to buy, swap, stake, and lend their crypto, all with the security of their Ledger hardware wallet. It’s called Ledger Live and through the app, they have integrated payment providers, decentralized exchanges, and much more. That makes Ledger Live a great way to view and manage your crypto portfolio.
Ledger Live is a free app available for Windows, Mac, Linux, iOS, and Android.
Simply visit the official Ledger Live page, and install the version that’s right for you. Then, connect your Ledger device to your computer using the provided USB cable. Next, open the Ledger Live app and complete your setup by following the on-screen instructions. During these steps, you will be able to either create a new account or restore an existing one.
What Is Ledger Recover and Why Is It So Controversial?
Ledger Recover is an opt-in recovery service by Coincover that Ledger launched in 2023 with a fair amount of criticism from hardcore crypto users.
In the simplest terms, Ledger Recover works by creating a back-up of your recovery phrase and then splitting it into fragments. Those fragments are shared between several three entities. If you lose your Ledger device and recovery phrase, than you can contact the three companies and potentially recover all your crypto. It’s an interesting service considering millions if not billions of dollars worth of Bitcoin has been misplaced over the years.
There are many crypto users, however, who don’t like the idea of any company holding their private keys in any capacity.
We’d suggest simply opting out of Ledger Recover if you have similar concerns, but there are also plenty of other hardware wallets like Trezor and Tangem if you want to explore other options.
What’s in the Nano X Box?
The Ledger Nano X comes with the device, a set of instructions and a USB-C cable for hooking it up to a computer and a sheet to write your recovery phrase.
Please note, you’ll need a computer or mobile device to actually set up the Ledger Nano X for the time.
Let's Talk About the Ledger Nano X Design and Quality
The Ledger Nano X cryptocurrency hardware wallet supports 64-bit desktop computer operating systems Windows 8 and up, macOS 10.8 and up, and Linux.
It is also compatible with phones with either Android 7 and up, or iOS 9 and up through the magic of Bluetooth.
All the Ledger Nano X’s communication goes to its proprietary Ledger Live app, which actually offers a wealth of different cryptocurrency features, including a portfolio tracker and even the ability to purchase cryptocurrency in some jurisdictions. Ledger Live also offers support for a variety of different functions in crypto, including staking, DeFi, NFTs and more.
The Downsides of the Ledger Nano X
The main downside with using the Ledger Nano X cryptocurrency hardware wallet is that it costs a significant amount of money. The Ledger Nano X retails for $149.
Some Ledger Nano X reviews will also point out the fact that Ledger, the company, had some of its user data leaked thanks to hackers in the summer of 2020. That data didn’t compromise devices but it did include some personal information like names and physical addresses. Some critics have argued that information shouldn’t even be required in the first place.
In addition, some users will probably prefer the bigger touchscreens of devices like the Trezor Model T. That’s really an apples to oranges comparison and will likely come down to user preference.
The fact remains, however, that the Ledger Nano X is an extremely secure device. Aside from the cost, there are very few downsides to the Nano X.
Ledger Nano X vs Nano S: Choose The Best One For You
Not sure which one is best for you? Understanding what they each offer can help. There are a few main differences between the Ledger Nano S Plus and Ledger Nano X.
The first difference is that the Nano X has 2 MB of storage space, compared to 1.5 MB for the Nano S Plus. This means you can store more crypto apps on the X than on the S Plus. The Nano X also has a larger screen than the Nano S.
Something else to note is that the Nano X has Bluetooth capabilities while the Nano S Plus doesn’t, which also means that the Nano S isn’t compatible with iOS while the Nano X is.
The final difference between the two is the price, and that’s usually the deciding factor for some people. The Nano S Plus is almost $100 cheaper than the Nano X.
Final Thoughts: Is the Ledger Nano X the Best Crypto Wallet for You?
While people have different needs from their hardware wallets, it’s hard to argue with anyone ranking the Ledger Nano X as the best crypto wallet.
Ledger has one of the best reputations for security in the entire crypto market and the Ledger Nano X is their flagship device.
It’s still easy to pocket but the screen is noticeably bigger than the smaller Nano S Plus and it also offers Bluetooth, which makes it much easier to connect to iPhones and Androids using the Ledger Live mobile app.
There are still a few quibbles about the Ledger Nano X. Mainly its high cost and the learning curve for using it but you can’t really go wrong with the device.
For now, the Nano X remains the best Ledger device on the market (and arguably the best overall crypto wallet) but we’ll have to see what Ledger releases in the coming years.
Frequently Asked Questions
Ledger is recognized as one of the best brand names in crypto. They’ve long held a reputation as being the safest place to store your crypto, including the Ledger Nano X.
The Ledger Nano X is a cold wallet. It’s not connected to the internet (unless you connect it during a transfer), which means it’s basically impossible for hackers to get to.
To make a transfer, plug your Ledger Nano X via USB. Then open the Ledger Live app to execute your transfers.
Newbies will find a small learning curve with Ledger Nano X, but it’s quick. After one or two transactions, it’ll be fairly easy to understand.
Yes. The corresponding Ledger Live App offers a variety of different crypto apps including staking, DeFi and NFTs. Keep in mind, these apps will be somewhat restricted depending on where you live.
No, the Ledger Nano X is not safer than the Nano S. Both hardware wallets use the same security chip, require a PIN code for access, and have a 24-word recovery phrase as backup. The main advantage the Ledger Nano X has over the Nano S is its ability to use Bluetooth and its increased storage capacity for applications.
