Ledger Nano X is the latest state of the art cryptocurrency hardware wallet from French company Ledger. This device certainly has some of the best performance and protection features in the market. The wallet’s main feature is that it comes with convenient smartphone support, a larger screen, and simplicity of use.
In this review, let’s focus on the device’s distinguishing features in detail. This includes security, design, cryptocurrency support and mobility.
We’ll also compare it with other well-known hardware wallets on the market such as the Trezor Model T from Satoshi Labs.
Features of the Ledger Nano X:
- A rechargeable battery so you can use the device without a cable.
- A larger screen – Allowing you to navigate your wallet seamlessly and see cryptocurrency addresses entirely on the screen.
- Mobile support –the wallet facilitates Android and iOS using Ledger live mobile.
- Much better coin support and you can install up to 100 different apps for your coins.
Robust security has always been an asset for Ledger wallets. Ledger Nano X takes this to an even higher level. Ledger Nano X comes with two chips as well as a new Secure Element. Moreover, the wallet utilizes dual-core MCUs with their wireless support.
To be specific, the secure element ST33J2M0 is independently certified and allows you to store private keys and sign transactions. A secure element essentially refers to separate pieces of hardware that come with their own storage.
The secure element provides a double layer of security protection. Besides, they each have limited functionality rendering them virtually impossible and counterproductive to hack. Accordingly, even in the event that you connect the wallet to a compromised device, the private keys are not accessible. The secure element is a distinguishing feature from devices like Trezor Model T which only a single layer of security.
To actually secure the wallet, the user needs a pin and a recovery passphrase. A thief can therefore not access all your funds even in the event that they gain access to the PIN. This is because you can efficiently hide the bulk of your crypto assets behind the passphrase.
Users can also be rest assured that the Nano X goes through rigorous testing to ensure it is secure. Ledger themselves have their Donjon team whose sole job is to try and hack the Nano X so that vulnerabilities are patched up. They also have a bounty program where users can submit vulnerabilities they have discovered. Ledger would then try to investigate them and try to resolve it as well. Finally, the Nano X is one of the only cryptocurrency wallets which has received CSPN certification issued by the National Agency for Information Systems Security. This certification serves as a confirmation from a third party that the device has passed external assessment and is proven to be of a high standard for security.
5/5 for Security
Ledger Nano X Teardown
Incidentally, Ledger Nano X uses the same BOLOS operating system as the Ledger Nano S. The Bolos OS ensures the user’s views address properly on the screen and handles connections to external devices.
Notably, Nano X also has Bluetooth support. Bluetooth capabilities for a hardware wallet are certainly not a foolproof convenience. This is because you can incur attacks through this avenue. Regardless, Ledger Nano X developers ensured that even in the event the connection is compromised, the hacker cannot operate the hardware wallet. You only turn on Bluetooth when you need it and there is no risk of funds loss.
Ledger Nano X is extremely versatile because you can have up to 100 applications running simultaneously. This means that the wallet can support over 1,100 digital assets and they increase by the month. Major supported cryptocurrencies include:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- USD Tether (USDT)
- Binance Coin (BNB)
- Ripple (XRP)
- Litecoin (LTC)
- NEO (NEO)
- Dash (DASH)
Accordingly, this wallet supports even currencies like NEO that competitors like the Trezor Model T don’t. Accordingly, you can be sure that pretty much every coin is compatible with Ledger Nano X. And if you are upgrading from the Ledger Nano S, you can be sure that you won’t suddenly lose support for particular coins.
Better still, you will now have room for more applications on your device! This is because the Ledger Nano X increases internal memory and developers claim it can support up to 100 different apps simultaneously.
This allows the apps to even retain their accounts and cryptocurrency balances while running Nano X. The only slight inconvenience is that you have to install each app individually when you set up your device.
It is also for this sole reason that we can’t give 5 out of 5 for this category.
4/5 for Cryptocurrency Support
The wallet has an intuitive design with two hardware buttons. The buttons are uniquely located in the circular design of the cover pivot making it quite inconspicuous. It is also an improvement on the previous model as the buttons are no longer protruding out, making the device more streamlined and sleek. Using these two buttons, you can access the menu by holding both buttons.
Additionally, you can press both buttons to make selections and input recovery phrases. That said, entering PINs and recovery phrases using buttons is definitely tedious compared to a touch large screen.
That said, the larger and higher resolution screen is great. You can displace full cryptocurrency addresses without scrolling unlike the Nano S. In addition to that, you use the modern USB type C to connect to your PC or laptop. This cable is better for wear and tear and ensures that the hardware wallet is in pristine condition.
In our view, points are deducted for having to tediously press the only 2 buttons to operate the device.
4/5 for Design
Nano X is a truly mobile wallet. This essentially means that you can seamlessly operate the wallet from anywhere. You don’t necessarily need a computer to manage your crypto.
Moreover, the connectivity with mobile devices is a huge bonus. Users can make transactions on the go with the Ledger live app on mobile. As such, the wallet can have very situational utility in comparison with other mobile wallets.
However, the developers need to work on making on the go payments more convenient as it is tedious. This is because you need to unlock the device, enter the cryptocurrency app, check and confirm the transactions.
For small transactions like a coffee purchase, it beats the purpose. This is, therefore, a trade-off you incur while using Nano X. Regardless, it offers a great amount of compatibility and on go usage.
The device gets full marks for mobility. After all it’s really the only device out there that can truly do this.
5/5 for Mobility
Is it worth buying?
The wallet comes at a price of approximately US$119. This is definitely a premium price and probably not best for a budget user.
Nonetheless, convenience features like a larger screen, app support and address display swing the tide in its favor.
For a user to whom these features are important, the upgrade is worthwhile. Alternatively, its lesser version, albeit more budget-friendly version, the Ledger Nano S, is still available for $59.
Ledger Nano X Compared to Other Hardware Wallets
The best wallet to compare Ledger Nano X to is Trezor Model T. Both are the premium products from the respective manufacturers. Trezor Model T features a great touch screen that makes entering the PIN and security phrases.
That said, Model T supports significantly fewer coins meaning that Nano X is more versatile in this domain. Let’s take a look at a few hardware wallets for comparison.
Ledger Nano X Review: Is It Worth Buying?
Ultimately, the question you have to ask is whether your range of uses merits investment in the wallet. The versatile wallet certainly offers excellent security and coin support.
As such, these strengths make this wallet a viable option for any active investor. Using the wallet you can manage your digital assets and access decentralized exchange browser support. In summary, it has very competitive market utility.
Updated on 4th December 2019 to add the CSPN Certification issued for the Nano X.
4/5: Cryptocurrency Support
FINAL SCORE: 4.5/5
Ledger Nano X has the following product specifications:
- Its dimensions are 72mm x 18.6mm x 11.75mm with a weight of 34 grams.
- The wallet uses ST33J2M0 (secure) + STM32WB55 processors.
- Ledger Nano X is compatible with 64-bits desktop computer (Windows 8+, MacOS 10.8+, Linux) excluding ARM. Moreover, it works seamlessly with smartphones iOS 9+ or Android 7+).
- The drive uses USB Type-C connector; Bluetooth 5.0 co.
- Battery-100 milliamperes.
- The wallet supports 1100+ assets.
Interested? Get your Ledger Nano X here.