Ledger Nano X - Genesis Edition

Ledger Nano X Review (2020)

Ledger Nano X
  • Beginner Friendly
  • Design
  • Security
  • Customer Support
  • Supported Coins
  • Community Sentiment
  • Price
4.7

Summary

The Ledger Nano X is the latest hardware wallet from Ledger which builds on the success of the Ledger Nano S. It’s Bluetooth enabled so you can use it on-the-go, has a bigger and better screen, and you can simultaneously manage up to 100 cryptocurrencies.

After reviewing nearly all the hardware wallets on the market, it’s clear that the Ledger Nano X is the best hardware wallet which is currently available.

Unfortunately, it is twice the price of the Ledger Nano S. This might put it out of reach for some. But if you can spring the little bit extra cash, then it’s 100% worth it.

Read the full Ledger Nano X review to find out more about this hardware wallet.

The Ledger Nano X is the latest hardware wallet from Ledger. It started shipping in the middle of May 2019. I’ve tested and reviewed nearly every single hardware wallet that’s on the market. The Ledger Nano X is the simplest and easiest to setup.

In this hands-on Ledger Nano X review, I’m going to explain why I consider it to be the best hardware wallet on the market. I’ll outline the advantages and disadvantages, what’s included in the box, how to set it up, and more.

Ready? Let’s dive into this Ledger Nano X review.

Advantages and Disadvantages

Advantages

  • Convenient, easy-to-use, and perfect for on-the-go usage.
  • Bigger and easier to read screen (128 x 64px).
  • Bluetooth-enabled (no USB connection required).
  • CC EAL5+ certified chip. This is the same chip used in credit cards and passports.
  • Supports more cryptocurrencies than any other hardware wallet.
  • Store up to 100 apps at the same time.
  • Received a CES 2019 Innovation Honoree Award (in Cybersecurity and Personal Privacy Category).

Disadvantages

What’s in the Box?

In the box, you’ll find:

  • Ledger Nano X
  • 1x USB-C cable (approx. 45cm)
  • Keychain (for the device)
  • Instruction booklet
  • Recovery sheets
  • Some stickers

The Ledger Nano X is compatible with desktop (Windows 8+, macOS 10.8+, & Linux) and smartphones (iOS 9+ & Android 5+).

Ledger Nano X Design

The Ledger Nano X looks similar to its predecessor.

However, the Ledger Nano X has a bigger screen which has twice as many pixels as the Ledger Nano S. It’s much easier to read than the Ledger Nano S.

The buttons are bigger and positioned on the front of the device too, which makes less awkward to use than the Ledger Nano S.

Although Bluetooth compatibility is a headline feature of the Ledger Nano X, you can still use it via the USB-C port. You’ll use this to charge the device up too.

Ledger Nano X Price

The Ledger Nano X is available from the official website for £109. This includes free shipping to most countries. You can pay with a debit/credit card, PayPal, or Bitcoin (BTC).

If you change your mind, Ledger says that you can easily return it within 14 days.

Here’s how the Ledger Nano X’s price compares to 3 other popular hardware wallets out there.

WalletPrice (£)Website
Ledger Nano X£109Find Out More
Ledger Nano S£54.50Find Out More
Trezor One£50Find Out More
Trezor Model T£158Find Out More

For everything it includes, I think that the Ledger Nano X offers incredible value. It’s not the cheapest option available though and might be a little too expensive for some people.

Ledger Nano X Supported Coins

The Ledger Nano X supports more cryptocurrencies than any other hardware wallet.

When I checked last, it supported over 1100 assets (which includes ERC-20 tokens).

This includes popular cryptocurrencies such as:

  • Bitcoin (BTC)
  • Monero (XMR)
  • XRP (XRP)
  • Ethereum (ETH)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Dogecoin (DOGE)

The Ledger Nano X also has more storage than its predecessor. That means you can store up to 100 apps on the device at the same time. This is a massive pain point on the Ledger Nano S, which doesn’t allow you to store as many apps at the same time.

You’ll only be able to access cryptocurrencies supported by Ledger Live via Bluetooth. The list of cryptocurrencies supported via Ledger Live is growing all the time and includes the most popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and ERC-20 Tokens.

To manage cryptocurrencies not supported on Ledger Live, you’ll need to connect it to your desktop via USB.

How to Setup the Ledger Nano X

You’ll need to connect the Ledger Nano X to a compatible desktop (Windows 8+, macOS 10.8+, and Linux) or smartphone (iOS 9+ and Android 5+) to get started.

For this review, I set up the Ledger Nano X on my smartphone via Bluetooth.

FYI: Enlarge any image by clicking/tapping on it.

  • Get Started
  • Set PIN Code
  • Record Recovery Phrase
  • Pair Ledger Nano X

  • Download Ledger Live from Google Play (Android) or App Store (Apple).
  • Open up Ledger Live and select the Ledger Nano X.

  • I want to make a new wallet, so I selected ‘Initialise as a new device’.
  • If you wanted to migrate from your Ledger Nano S to the Ledger Nano X, that’s possible by selecting ‘Restore from recovery phrase’ instead.

  • Ledger Live will then provide a walkthrough for setting up the device for the first time.

  • First up, you’ll need to set a PIN code.
  • Power up your Ledger Nano X by pressing both buttons at the same time.
  • Press the right button, then select ‘Setup as new device’ by pressing both buttons at the same time.

  • When you’re ready, just input your PIN code into the Ledger Nano X.
    • Scroll through 0-9 by pressing the right and left buttons.
    • Confirm your digit selection by pressing both buttons at the same time.
    • Confirm your selection by finding the ‘tick’ symbol and pressing both buttons at the same time.
    • Confirm your PIN code again on the next screen.

  • You’ll then be prompted to record (and confirm) the words showing up on your Ledger Nano X on the provided recovery sheets.
  • It’s critical that you carefully record these words. If you ever lose access to your device, these recovery words are how you’ll get back access to your cryptocurrency funds.
  • Just press the left and right buttons to scroll backwards and forwards between these words.

  • You’ll then be prompted to confirm each word in your recovery phrase.
  • Scroll between your options with the left and right buttons and confirm your selection by pressing both at the same time.
  • If you confirm your recovery phrase correctly, you’ll see this! Nearly done!

  • Next, you’ll connect the Ledger Nano X to your smartphone (via Bluetooth). Make sure you’ve enabled Bluetooth on your phone.

  • Select ‘Pair a new device’ and you’ll be shown a code on your smartphone. If the details match up with those shown on the Ledger Nano X, confirm the pairing on your smartphone and Ledger Nano X.

  • Nearly there! Select ‘Continue’ and then setup a password to Ledger Live.

  • That’s it! All done!

 

Can I manage assets stored a Ledger Nano S and Ledger Nano X at the same time?

Yep! You can manage the same wallets on both devices.

Just restore your 24-word recovery phrase (from the Ledger Nano S) in the initial setup of the Ledger Nano X. You’ll have to setup a new PIN code on the Ledger Nano X (as that won’t be restored on the new device).

If you don’t want to manage the same wallets on both devices, make sure to reset your Ledger Nano S.

You can do this by going to ‘Settings > Device > Reset All’ and following the instructions.

Is the Ledger Nano X Safe and Secure?

From what I understand, using Bluetooth does NOT impact the security of the Ledger Nano X.

The sensitive information (i.e. your private keys) never leaves the secure element (rated CC EAL5+) inside the Ledger Nano X. This means that no sensitive information is leaked over the Bluetooth connection (i.e., it’s just the transport layer for public information).

The Bluetooth connection is also end-to-end encrypted (via AES-based encryption) and requires authentication before it’ll pair with a new smartphone.

Even if the Bluetooth connection was compromised, the attacker would require physical access to the device and your PIN to take any action. Just like with the Ledger Nano S, the Ledger Nano X has been built on the assumption that any connection the hardware wallet is compromised. Using Bluetooth instead of a USB cable shouldn’t change that.

And if you don’t want to use Bluetooth at all? You can disable it on the device and use the Ledger Nano X via the USB-C port.

Ledger Nano X vs Ledger Nano S

These are the main differences between the Ledger Nano X and Ledger Nano S:

Bluetooth compatible

The Ledger Nano X is Bluetooth compatible. It also has a battery, so it can be operated without needing to be plugged into a computer. This means you can use it on-the-go with your smartphone (via Ledger Live).

Superior Secure Chip

The Ledger Nano X has a superior secure chip (ST33) than the Ledger Nano S (ST31). This means that the Ledger Nano X is faster, more responsive, and can store more apps at the same time.

Larger Screen

The Ledger Nano X has a larger screen than the Ledger Nano X. This bigger screen has twice the resolution of the Ledger Nano S. This means that the Ledger Nano X is easier to read and use.

It’s Heavier

The Ledger Nano X is heavier (34g) and larger (72 x 18.6 x 11.7mm) than the Ledger Nano S (16g & 57 x 17.4 x 9.1mm). It’s doesn’t sound like much, but it is noticeable!

Better Coin Support

While Ledger has confirmed that they’ll continue to support the Ledger Nano S, the Ledger Nano X does support more cryptocurrencies.

Alternatives

The only other hardware wallet alternative which has Bluetooth support is the CoolWallet S.

In my hands-on review of the CoolWallet S, I found it to be the most convenient, portable, and easy-to-use hardware wallet on the market. But it doesn’t support anywhere near as many cryptocurrencies as the Ledger Nano X.

I’ve reviewed almost every hardware wallet on the market. Check out my ranked list of the best hardware wallets on the market if you want to compare your best options. It’s not a long article, so it’s a recommended read if you want an overview of your options.

Final Thoughts: Best Cryptocurrency Hardware Wallet

Without a doubt, the Ledger Nano X is the best cryptocurrency hardware wallet on the market.

It’s a game-changer. They’ve set a new standard which other hardware wallet manufacturers will need to catch-up with. They’ve made my favourite hardware wallet (the Ledger Nano S) even better.

Why?

  • It’s Bluetooth-enabled and includes a battery. Connect the Ledger Nano X to the Ledger Live app on your smartphone, and you’ll be able to conveniently use it wherever you go. This is a big deal.
  • You can simultaneously install up to 100 apps on the Ledger Nano X (which was a major pain point on the Ledger Nano S).
  • They’ve somehow made the Ledger Nano X even easier to use than the Ledger Nano S. I’m switching over to this as my main hardware wallet.

For everything it includes, the Ledger Nano X offers incredible value. You can find out more or purchase it on Ledger’s official website.

But if it is a little bit out of budget, consider reading my Ledger Nano S review. This wallet is produced by the same company, supports nearly as many cryptocurrencies, but is half the cost.

Frequently Asked Questions (FAQ)

Who is Ledger? Why should I trust them?

Ledger was founded in 2014 by eight experts with “complementary backgrounds in embedded security, cryptocurrencies, and entrepreneurship”.

Their Ledger Nano S was a big hit in the crypto-community, which sold over 1.4 million units worldwide (in 165 countries). That’s quite impressive.

They’re headquartered in Paris, but now have employees in Vierzon and San Francisco too (and are over 130 strong). They have a strong reputation in this space.

Is the Ledger Nano X waterproof?

According to Ledger’s FAQ, the Ledger Nano X isn’t waterproof. If it gets wet, immediately turn off the device and make sure it’s extensively dry before turning it back on.

How long does the Ledger Nano X’s battery last for?

It’s a 100mAh rechargeable battery. It should have enough power for several hours of use, or a few months when idle from a full charge.

What Bluetooth version is used?

The Ledger Nano X uses Bluetooth Low Energy (BLE) 5.0. This is faster and has a better range than previous versions, while also (as the name suggests) using less power.

What if I need help?

You’ll find the answers to most common issues (or get help) from these sources:

Alternatively, leave a comment below and I’ll do my best to point you in the right direction.

You can find the Ledger’s official FAQ here.

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