The Ledger Nano X is a popular hardware wallet used to securely store cryptocurrency and NFT assets. With its Bluetooth connectivity and large capacity, the Nano X offers convenient use while providing enterprise-grade protection for crypto holdings.
Nano X: Key Features and Functionality
The Ledger Nano X launched in 2019 as the successor to the Nano S wallet. Key features include:
- Large storage capacity — 100+ crypto asset apps.
- Bluetooth connectivity to mobile or desktop.
- Durable stainless steel case.
- Secure confidential computing chips.
- Built-in display and controls.
- Rechargeable battery.
- Supports major coins like Bitcoin, Ethereum, etc.
The Nano X retails for about $119 USD. It comes configured and ready to set up with Ledger Live software.
Setting Up the Wallet
Getting started involves these steps:
- Charge the battery via USB-C cable.
- Download the Ledger Live app on your mobile or desktop.
- Initialize the device and set a PIN code.
- Write down and safely store the 24-word recovery phrase.
- Add crypto accounts you wish to secure.
The setup process takes just 5-10 minutes via Ledger’s easy-to-follow instructions.
You can secure a wide variety of cryptocurrency and NFT assets on the Nano X:
- Bitcoin, Ethereum, and other major coins.
- ERC-20, TRC-20, BEP-2 tokens.
- NFTs from marketplaces like OpenSea.
- Staking assets like Cosmos ATOM.
- MetaMask, MyEtherWallet, and other Web3 services.
The 100+ supported apps provide extensive coverage of crypto and DeFi assets.
All transactions require confirmation on the Nano X’s built-in interface for maximum security:
- Connect via Bluetooth to the Ledger Live mobile app.
- Verify transaction details on the Nano X display.
- Use buttons on the device to approve transactions.
- Both Bluetooth and wired USB-C options.
The Nano X supports contactless payments via NFC as well. This allows paying at merchants directly from the wallet.
Recovery and Security
Nano X offers robust disaster recovery options:
- 24-word recovery seed phrase — restore on any BIP39 wallet.
- Optional passphrase adds another security layer.
- Pin code locks device when idle.
- Replace device and restore with recovery phrase.
Its cryptographic chip provides enterprise-grade security against remote attacks.
Pros and Cons
Key advantages of the Nano X include excellent compatibility, robust security, an intuitive interface and mobile connectivity. Downsides are its price point, lack of color touchscreen, and learning curve.
With its user-friendly design, versatile compatibility, and market-leading security, the Ledger Nano X is a top choice for those looking to protect their expanding crypto portfolios. Its mobility and capacity for 100+ assets make the Nano X one of the most full-featured hardware wallets available today.