Ledger Nano X: Your Digital Assets at Your Fingertips

Photo by regularguy.eth on Unsplash

The Ledger Nano X is an efficient hardware wallet for keeping and managing your crypto assets. It’s a cold offline storage that works easily with phones through a Bluetooth connection and eases asset management on the go. It provides better security against online fraud and theft. Additionally, consumers are in charge of their private keys, unlike prominent exchanges like Coinbase, which maintain your keys on your behalf.

Pros

Cons

Short Summary; What you Need to Know about Ledger Nano X

The ledger Nano X was created specifically for use by investors and offers far more than its modern counterpart, the ledger Nano S, which was created for consumers with modest Crypto holdings. The gadget is 72mm x 18.6mm x 11.75mm and weighs 34 grams. It works on various devices, including Android, iOS, and PC, and supports up to 100 cryptographic software programs and more than 1,800 currencies.

Due to its simplicity of use, Ledger NanoX is ideal for crypto investors, whether novices or seasoned pros. The main purpose of a hardware wallet is to store your money offline and securely; it is a terrific way to track and access your money from any device with an Internet connection — ease of setup and providing advice on adding security. Anyone can set up their gadget in roughly five minutes or less by following instructions.

Active traders prefer the Nano X since it allows them to retain a range of coins and tokens and makes it simple to access their assets from an iOS or Android phone.

History

It was built by a French manufacturer and released in 2019 as an upgrade to the Ledger Nano S. The main idea behind the device is to be the easiest way to secure your Bitcoin and cryptocurrency offline.

Is it Safe?

Ledger Nano X offers industry-standard security. It uses SE chips (Secured Element) which are very powerful microcontrollers and tamper-proof. The chips are certified through the Common Criteria EAL5+ (CC EAL5+) process. Private keys are secured in the chip and never exposed. The French National Agency equally verifies the ledger for the Security of Information systems (ANSSI). It uses a Blockchain Open Ledger Operating system (BOLOS) as its proprietary operating system. It provides personal security measures for use, such as a minimum 4-digit PIN, a 24-word recovery phrase that appears on the device itself and not in any apps, and private keys that are not allowed to leave the device while Bluetooth is connected.

Cost Implication

Costs $119-$130

Services

The mobile applications sync in real-time. Users of the software can view their cryptocurrency balance in real-time, and buy, sell, and trade cryptocurrency while navigating between their desktop and mobile devices. Users can manage over 1800 coins and tokens and develop their assets by staking or lending. More than 50 wallets can be used with it. However, a lot of assets can be secured on your USB wallet but can’t be navigated on the Ledger Live app, such as Vechain (VET), Monero (XMR), Binance Coin (BNB) EOS (EOS), Cardano (ADA), chain (CRO Neo (NEO) IOTA (MIOTA) Terra (LUNA) and others alike.

Cryptocurrencies Supported

Ledger Nano X could secure up to 1,800 coins and tokens, including popular cryptocurrencies and tokens such as Dogecoin (DOGE), Bitcoin (BTC), Chainlink (LINK), TRC20, Ethereum (ETH), TRC10, Cardano (ADA), BEP2, Stellar (XLM), ERC20, ERC721, Litecoin (LTC), NEP5, Polkadot (DOT) and more.

Customer Service

The ledger website provides knowledge for wallet usage through articles, videos, and more. It also has an academy that tutors users on blockchain and cryptocurrencies. The web also features a live chat help option.

Supported devices

Photo by Hendrik Morkel on Unsplash

Frequently Asked Questions (FAQs)

Does Bluetooth affect the security of Ledger Nano X?

The Ledger Nano X is not subject to any new security risks due to Bluetooth connectivity (BLE), as the private keys never leave the secure chip.

Does Ledger Nano X work with a smartphone app?

Your Ledger device’s companion app is called Ledger Live. Users may easily manage their Ledger Nano X and the crypto it secures from any location using the Ledger Live smartphone app. Ledger Live mobile requires smartphones with at least iOS 9 or Android 7.

Can the Bluetooth connection be deactivated?

Yes, the included USB cable is always compatible with the Ledger Nano X. Holding both buttons together will bring up the Control Center, where Bluetooth may be turned off directly. The USB cord should now be connected to your desktop computer.

Can the Bluetooth connection to my Ledger Nano X be from a computer?

No, this function is currently not available.

What is the battery life? Is the battery rechargeable?

The Ledger Nano X is 100 mAh. On a full charge, the device can operate for several hours and sit dormant for a few months. The USB-C connector makes it simple to recharge the battery by connecting it to a laptop’s or computer’s USB port. Unfortunately. Battery replacement is not possible.

Can Ledger Nano X operate on its own?

To install apps, add accounts, check account balances, and manage secure transactions, Ledger Nano X needs a desktop computer running at least 64-bit Windows 8.1, macOS 10.10, 64-bit Linux, or a smartphone running at least iOS 9 or Android 7.

What apps does the Ledger Nano X support?

By default, all apps supported on the Ledger Nano S also run on the Ledger Nano X using the USB cable and a desktop computer.

Is the Ledger Nano X architecture different from that of Ledger Nano S?

The Ledger Nano X is a better-looking device than the Ledger Nano S because of its ST33 Secure Element chip. This secure chip offers superior hardware architecture, more memory, and direct access to the buttons and display.

What are the requirements for using Ledger Nano X?

Ledger Nano X needs a USB port to connect to the USB C connection. Any powered USB port may charge it. A desktop computer running 64-bit Windows 8, 64-bit Mac OS X 10.8, or 64-bit Linux, plus a smartphone, is needed for the device (at least iOS 9 or Android 7).

Is Ledger Nano X waterproof?

Ledger Nano X does not have a weatherproof feature. Therefore, if the device comes in contact with liquid, it has to be switched off instantly and dried before usage.

Can Ledger Nano X be updated using the mobile app?

Yes, the My Ledger device manager is a useful feature of the Ledger Live mobile app. In addition, you can install apps on your phone. Unfortunately, the firmware update function is still not available.

Conclusion

Ledger Nano X is a cold wallet that has proven to be lots safer than some hot wallets. Its functionality is advanced compared to the previous ledger Nano S. It’s a great gadget for active crypto traders and investors. It’s not without its cons, but a larger percentage of its features are immensely beneficial and secure. For further inquiries, kindly visit the official website.

Official site: https://www.ledger.com/

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Rofeeah Ayinla

multifaceted Content Writer | Web3 | Blockchain | Press releases | SaaS | Business blogs | Health, Beauty and Nature Storyteller.