Ledger Nano X is a hardware wallet. It is used to perform transactions and store popular encrypted cryptocurrencies such as BTC, Ethereum and other popular altcoins such as Bitcoin Cash, Litecoin and ZCash. It supports more than 1100 cryptocurrencies.
Ledger Nano X was created by the start-up company Ledger. The company was founded in 2014 by eight professionals who have professional experience in embedded security, cryptocurrency and business. The team brought together the idea of creating secure solutions for blockchain applications. Ledger is headquartered in Paris, Vierton and San Francisco.
Ledger Nano X review
The Ledger Nano X with USB connectivity includes firmware-level support for applications associated with various cryptocurrencies. This will allow users to send and receive cryptocurrency payments, verify their accounts, and manage multiple addresses for each cryptocurrency from a single device.
Ledger Nano X’s two main competitors are wallets Trezor a Keepkey.
Trezor is the oldest hardware wallet. It was created around 2014 at Satoshi Lаbѕ, which operates the Slush Mining Pool.
KeepKey, on the other hand, is a “premium” wallet. It is most comfortable to wear and looks solid to the touch. The main argument against KeepKey is the lack of support for various cryptocurrencies.
What cryptocurrencies does Ledger Nano X support?
Keeping your cryptocurrencies in the Lеdgеr Nano X hardware wallet means keeping them in offline storage. According to the Ledger website, the Nano X wallet supports more than 1,100 cryptocurrencies. The list includes, but is not limited to, the following cryptocurrencies:
- BTC Gold
- ETH Classic
- and more ..
Price Ledger Nano X
According to the official Ledger website, the Ledger Nano X sells for $ 140, but prices may vary from dealer to dealer. The Ledger Nano S, the smaller brother of the Nano X, costs $ 70.
Ledger Nano X – Security
While many hardware wallets on the market boast a “simple” chip, all Ledger hardware wallets feature a smart Secure Element chip. This type of chip is used for a highly secure application that protects, for example, biometric data on passports or credit card information.
More specifically, the Secure Element chip is a tamper-resistant hardware platform capable of securely hosting applications and storing secret and cryptographic data. In other words, hacking Secure Element chips is extremely difficult and costly, while “simple” chips, even if they contain software protection, require much less effort.
Secure element chips undergo advanced third-party evaluation and certification processes through certification bodies such as Common Criteria and EMVCo, which attest to their resilience and security.
In addition, Ledger has developed its own operating system using Secure Element, called BOLOS – a flexible and open system that allows easy support for many crypto assets. This gives Ledger hardware wallets the ability to offer a unique combination of top security (ѕесurе еlеmеnt) and user comfort (BOLOS), while ensuring that your digital assets are secure even against highly sophisticated attacks.
Ledger’s offer also includes the option of purchasing a Cryptosteel capsule for an additional layer of protection. These capsules are designed to be fireproof, waterproof and also to withstand physical damage (the limit of resistance to pressure reaches up to 150,000 N). This is especially useful when recovering your private keys in case you lose access to your device.
The capsule core can be used to securely store the first four letters of each word of your recovery phrase. Because Ledger hardware wallets adhere to BIP 39 standards, this may be sufficient to recover your lost secret phrase. Cryptosteel capsule components include a capsule exterior, an inner core for character tiles, character tiles, separators, and fasteners.
Easy to use Ledger Nano X
Getting started with crypto assets can seem complicated. That’s why the Ledger Nano X wallet is designed to be as straightforward and easy to use as possible, while incorporating highly sophisticated security to protect your assets.
The wallet has a simple interface, the use of which does not require extensive technical knowledge. The device also has intuitive controls. Lеdgеr Lіvе, the companion app for Ledgеr Nano X, includes a simple step-by-step process that has been designed to enhance the user experience in an easy and secure way.
Here’s how to get started with the Ledger Nano X step-by-step:
- Connect the device to your computer with the supplied USB cable. Visit the site https://ledgerwallet.com/start and select from the Nano X menu to begin configuring your device.
- Follow the instructions on the screen to set your pin. The pin will help protect your device from unwanted access. Make sure you remember the pin, because after three incorrect pin entries, the Ledger Nano X will be deleted. And you really don’t care if you have assets stored on the device!
- Write down the 24 word recovery phrase on the recovery sheet and keep it safe.
- Update fіrmwаrе. This process can take up to 15 minutes and Ledger offers detailed and easy instructions on how to do it.
- Install the Ledger applications you need as soon as “Your device is now ready” appears on the screen. Download the Chrome app Lеdgеr Wallet Bіtсоіn or the Chrome app Ledger Wаllеt Ethеrеum.
Ledger Nano X – Anonymous
The main function of the Lеdgеr Nаnо X wallet is to keep your digital assets safe and protect them from attack. This also means that you can store your cryptocurrencies anonymously.
Where can I buy Nano X?
You can buy a Ledger Nano X hardware wallet in many places. However, it is always safest to purchase your device directly from the manufacturer. If you want to buy your Ledger Nano X, feel free to visit https://shop.ledger.com/products/ledger-nano-x.