Weighing only 1.12 ounces and with a footprint of 2.8 x 0.7 x 0.5 inches, Ledger Nano X is very pocket able. The wallet can store more than 1,100 digital assets. Nano X offers great value if you’re a cryptocurrency enthusiast.
Setting up the Wallet
Setting up the Nano X is quite similar to how you set up the Nano S.
Select Your PIN – As soon as you turn on the Nano X, you’ll be asked to set a 4 to 8-digit PIN. Use buttons to switch between digits and press both simultaneously when you’re done.
Writing Seed Phrase – Seed phrase is your wallet’s password and only you should be aware of it. When you’re setting up the wallet, Nano X will display a series of 24 words which should be written down on a seed phrase card or a piece of paper. In the event that you lose your device, you can use that phrase to recover your digital currency.
Pair Wallet with your Phone – Last version of the device was only maneuvered with Ledger Live desktop software. Nano X also supports a mobile app and all you need to do is to connect it with your phone via Bluetooth.
Install Apps – Now you can install the app for the coins you are looking to store on your wallet. The app catalog can be found within the software.
Add Accounts – Once you’ve installed the app, you need to add the account for the corresponding currency as well. This may not be clear in the instructions provided but you can see it in detail on Ledger’s website.
Security of Ledger Nano X
The unique selling point of Nano Ledger X is security which is quite similar to bank grade security. Ledger Nano X enables you to set a passphrase apart from your PIN and includes two different hardware chips.
- For its proprietary operating system it features a STM32F042 chip which is responsible for Ledger’s BOLOS operating system
- The second one is ST31H320, a CC EAL5+ certified secure element designed to sign transactions and hold private keys.
Secure element is specialized hardware consisting of its own storage and functionality that can’t be compromised. So, if your devices are compromised, your digital assets will remain secure. Ledger Nano wallets also have the distinction of receiving First Level Security Certificate (CSPN) issued by ANSSI. The manufacturer also releases updates in the form of firmware versions to make the device more secure and functional.
Ledger Nano X brings compatibility with a diverse range of cryptocurrencies and Ledger’s open development platform has allowed the devices to acquire support for more than 1,100 digital assets. Ledger Nano X can hold all major cryptocurrencies including:
- Bitcoin Cash
- Bitcoin Gold
Apart from that there’s also support for more niche cryptocurrencies such as Monero and NEO as well as ERC-20 tokens primarily used for ICOs.
Ledger Nano X is one of the most advanced hardware wallets in terms of compatibility, security and performance. Priced at $119.00, the security features on the device are industry leading and while Bluetooth connectivity can be finicky, it keeps you connected with your wallet on the go. Ledger Nano X makes for an ideal choice for cryptocurrency enthusiasts and professional digital asset traders who are looking for highly secure cryptocurrency storage and on the go accessibility.