Security must always be a top priority for everyone who holds cryptocurrency, from those who just hold a few Satoshis to those giants sitting on hundreds of thousands or even billions of dollars. That is one of the reasons why people adore Ledger Nano and other Ledger products like Ledger Nano x.
As cryptocurrency owners, we should constantly assess our holdings’ safety and consider where we store them. Then, the idea that they might be taken or the foundation they stand on might be outlawed. Nothing is worse than losing our prized cryptocurrency after all the effort and money we’ve put into accumulating our holdings.
Fortunately, there is a method to stop worrying about the security of your cryptocurrency, and there are devices available to let you rest easy at night, knowing that your money is safe. Putting your cryptocurrency in a hardware wallet is the best way to keep it secure.
What is Ledger Nano X?
One of the leading manufacturers of hardware wallets nowadays is Ledger (the other is Satoshi Labs, which manufactures TREZOR). The business, established in 2014, is a pioneer in infrastructure and security solutions for cryptocurrencies and blockchain applications. Their most recent creation, the Ledger Nano X, shows off their expertise in creating numerous products and services to protect cryptocurrency investments.
Ledger was founded in France in 2014, making it a pioneer in the cryptocurrency industry. Its founders, who come from various disciplines, including engineering, internet security, and cryptocurrencies, got together motivated by the notion of “developing secure solutions for blockchain applications.” More than 300 employees work for the company today. It has offices in Singapore, New York, Paris, Vierzon in central France, and Zurich.
Trezor, a Czech startup that creates the Trezor One and Trezor Model T devices, is a significant competitor to Ledger in the hardware wallet market.
Features of Ledger Nano X
You can connect your phone to the Nano X using Bluetooth or the supplied USB-C to USB-A connector. In addition, the Nano X has a bigger 100mAh battery, enabling prolonged usage without recharging for many hours. Sadly, the battery can only be used for five years and cannot be changed. Finally, although neither hardware wallet features a touchscreen, the Nano X display is easier to read because of its more extensive (128 x 64) pixel count.
Ledger Nano X: Supported Currencies
More than 1,800 alternative cryptocurrencies, including well-known ones like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), LINK Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Stellar (XLM), and Polkadot, are supported by Ledger Nano X wallets (DOT).
Additionally, Nano X accepts the following tokens:
Investors may manage more than 1,800 tokens and coins using the Ledger Live mobile app, which is compatible with over 50 wallets. The Ledger Live app does not support several assets that can be kept in your USB wallet, including the following:
- Binance Coin (BNB)
- EOS (EOS)
- Cardano (ADA)
- Monero (XMR)
- Neo (NEO)
- Crypto.org chain (CRO)
- IOTA (MIOTA)
- Terra (LUNA)
Ledger Nano X: Security
The business uses tamper-resistant, certified Secure Element (SE) chips, sometimes hardened microcontrollers. The device saves private keys on the secure chip, keeping them hidden, much like air-gapped cold storage. The Common Criteria (CC) EAL5+ certification procedure is used for the chips. Additionally, the security of the Nano X was independently examined and validated by the French National Agency for the Security of Information Systems (ANSSI).
Unlike other hardware wallets, Ledger devices use a customized version of the Blockchain Open Ledger Operating System (BOLOS). The only products on the market that use a Secure Element in conjunction with a unique Operating System are Ledger hardware wallets, claims Ledger. The platform also isolates cryptocurrency apps to lower hacking risks.
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Personal security measures include:
- The pin code must be at least four digits long.
- In addition, users must simultaneously press both buttons on their actual gadget to buy cryptocurrency.
- Finally, a 24-word recovery phrase is displayed solely on your smartphone, not in the apps.
There are security issues with the Bluetooth-enabled Nano X. The Bluetooth connection only transmits public data; your seed phrase and private keys stay on your device.
It’s crucial to remember that the business experienced a data breach in July 2020 that exposed almost one million clients’ email addresses, names, and phone numbers in their marketing and e-commerce databases. Even while this incident had nothing to do with Nano gadgets, it raises questions.
Ledger Nano X: Pricing
A micro USB-B cable is included with the $59 Nano S. However, to connect your Nano S to an Android smartphone, you must purchase an OTG kit for $17.99. In contrast, a Nano X costs $119 and includes a USB-C cable. While the less expensive Nano S supports three crypto apps and lacks Bluetooth, the more expensive Nano X allows customers to add up to 100 crypto apps.
The Nano S is ideal for those who want to store a variety of cryptocurrencies. Active traders, however, favor the Nano X due to its ability to store many currencies and tokens and provide quick access to their holdings via an iOS or Android phone.
Ledger Nano X: Mobile App
The firm offers the Ledger Live software, which can be downloaded on desktops, iOS, or Android smartphones, even though the Ledger S and X devices operate via the two buttons and display. The mobile app’s user interface (UI) is simple and lacks many gimmicky features. Additionally, it syncs in real-time, allowing you to manage your cryptocurrency from a desktop or mobile application. Clients may:
- See current cryptocurrency balances.
- Through Ledger’s partner, Coinify, buy, or trade cryptocurrencies.
- Trading crypto using Changelly, a partner of Ledger (not available for U.S.-based users)
- Growing assets through cryptocurrency lending or staking
- Take control of 27 coins and 1,800+ coins and tokens
Because of its simplicity, people like the Ledger Live app because it lacks the sophisticated functionality found in other popular wallets. As a result, consumers may favor using tools from a cryptocurrency exchange if they require real-time market updates and charting options.
Ledger Nano X: Accessibility
Even for beginners, Nano X hardware wallets are simple to set up and utilize. The USB gadget contains a screen and two buttons. You can navigate the device menu with the buttons. But you might have to click back and forth.
The Ledger Live app walks users through the setup and suggests additional security measures. Anyone may set up their gadget in under five minutes by following the instructions. Because of the more oversized buttons, higher quality, and bigger screen, the Nano X is a little easier to use.
For more on setting up a wallet, transferring cryptocurrency, and other device capabilities, visit the Ledger website. For consumers to learn about cryptocurrency trading, The Ledger Academy has many articles, videos, and courses concerning Blockchain and cryptocurrency. In addition, users can submit a support ticket or use the live chat function on the website.
Hardware wallets from a reputable company, The Ledger Nano X, offers a high level of protection, support a variety of currency kinds, and integrate with a mobile app. The Nano X is twice as expensive as the Nano S, but it has Bluetooth and longer battery life. Additionally, owners of the Nano X can switch between up to 100 crypto apps, compared to just three on the Nano S.
Choose the Nano X if you wish to view your cryptocurrency information from an iPhone and are an active trader with various assets. The Ledger Nano X uses the Ledger Live app for setup and firmware upgrades. With Bluetooth, your apps will immediately connect to the Ledger Nano X.
How to use ledger nano x?
To begin, add your Ledger Nano X as a new device. It will produce new private keys for you so that you may handle your cryptocurrency holdings. In addition, you will create a new 24-word restoration phrase.
Alternatively, restore your phone from a recovery phrase to retrieve the private keys associated with an existing recovery phrase.
Even when you’re not using your Ledger Nano X, please remember to lock it so that no one else may use it.
How to move bitcoin from Binance to ledger nano x?
Connect your Ledger device to your computer and launch the Binance Smart Chain app on your device by heading to the Binance Smart Chain icon and simultaneously hitting both buttons. Your Ledger device indicates that the application is ready.
What coins does ledger nano x support?
According to the Ledger website, the Ledger Nano X now supports more than 1,200 cryptocurrencies, which would include Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), and Stellar (XLM).
How to send Cardano to ledger nano x?
- Navigate to Manager in Ledger Live.
- Connect and unlock your smartphone.
- Confirm that you want Manager to have access to your device. You may accomplish this by simultaneously pressing both buttons on your device.
- Return to Ledger Live. Navigate to the App Catalog in Manager and look for Cardano.
- Press Install.
- Cardano has been downloaded to your Ledger device. Let’s now add it to Ledger Live.
How to turn off ledger nano x?
- To open the Control Center, hold both buttons for three seconds at any time.
- Press the left or right button to navigate the Control Center.
- By pushing both buttons, you may confirm a selection.
- Settings: To access the Settings menu, press both buttons simultaneously.
- To display the screen saver, press both buttons on the device. To unlock, the PIN code is required.
- The battery charge level at the moment.
- Device name: Change the device’s name.
- When Bluetooth is enabled, the device name is shown. To stop or enable Bluetooth communication, press both buttons simultaneously.
- To turn off the device, press both buttons simultaneously.
- Return to the previous activity after closing.