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Ledger Nano X Wallet Review

Ledger X ReviewThe Ledger Nano X is the newest addition to Ledger’s hardware wallets and provides a sleek yet simple way for anyone to store their cryptocurrency.

You may be wondering…

What does it do differently than the Ledger Nano S, or a Trezor?

Well, we got great news for you as this review will cover all the awesome things this device is capable of, and what makes it so great.

Unboxing

Upon opening the box, you’ll notice a few different components. The four most important things are:

Ledger X Unboxing

  • Ledger Nano X
  • USB Cable
  • Recovery Phrase Cards
  • Instructions

In addition to the mentioned items, there are some stickers and other things, but these can all be set to the side.

You may want to keep some of the box and packaging for storage as well, but this is up to you.

Ledger X Controls

In order to maneuver across the screens, you’ll want to use the left and right buttons to scroll. To confirm a menu option, click both in at the same time. This can be confusing at first and takes some getting used to.

Ledger Nano X Controls

Ledger X Setup

After unboxing, you’ll want to plug in your Ledger Nano X using the cable provided. The Ledger Nano X is supported by all major operating systems.

Once plugged in, you should see something similar to this screen.

Click the right button and you’ll see the screen below.

Ledger X Setup

Double click the buttons to set up the device. From here, you’ll be asked to create a 4-8 digit PIN code. This PIN Code is your wallets first line of defense.

Ledger X Pin Code

Once the code is created, the devices recovery phrase will be shown. This is arguably the most important part of the setup process. The device is going to display 24 words that are specific to your wallet.

Here’s an example:

Never ever show this to anyone, as this is all they would need to access your funds. This recovery phrase sheet should be kept in a secure place.

This is my tutorial recovery phrase, so there are no funds to be stolen.

You MUST write these down, and it’s highly recommended to use the note card provided.

In the event the device is stolen, broken, or not working, YOUR sequence of words can be used to recover any funds on the wallet.

After being shown all of your keywords, you’ll be asked to confirm all 24 words. Below is an example.

Once this is finished, you have successfully set up your Ledger Nano X!

Ledger Nano X Setup

Next, you’ll need to navigate to the cryptocurrency you want to store. For the purposes of this tutorial, we will use Bitcoin. Hover over the currency of choice, and double click the buttons.

Ledger X Bitcoin Storage

From here on out, you will be interacting with the Ledger App on your computer in addition to the Ledger Nano X. The Ledger Live App can be downloaded here. It’s completely free and available on Mac OS, Windows, IOS and Android.

Ledger Live

Once the Ledger Live App is installed and opened on your computer, you are ready to continue.

Once the app is opened, you’ll be prompted to select the device. If you’re on this tutorial, you’ll most likely be selecting the Ledger Nano X.

Next, you’ll be taken to this screen. Answer all the questions accordingly and hit continue.

From here, you’ll be asked to enter an optional password for your computers Ledger Live Access. An extra line of defense can’t hurt, so I’d recommend making a password.Ledger Live password

Once this step is done, you are in! From here, you can send and receive cryptocurrency! If you don’t have an account already, click the + sign in the bottom left to get started.

Select an asset to create a wallet for, in this case, we will use Bitcoin.

Add Account ledger X

 

Click continue, and you have successfully made a wallet!

And there you have it! A complete setup guide to the Ledger Nano X! Below, we will answer some frequently asked questions and provide some more information.

Frequently Asked Questions

How Do I Store Altcoins on Ledger Nano X?

To do this, you’ll want to go to the manage section and download the respective wallet software. If you do not see the cryptocurrency you want, use the search bar.

Ledger Wallet Installation

Improvements from the Ledger Nano S

Larger Screen Size

One of the most popular complaints from the community about the old Ledger Nano S is that it was hard to see the screen.

Because of this, the Ledger team has increased the device size on this model to 72mm x 18.6mm x 11.75mm (Left) compared to the old 56.95mm x 17.4mm x 9.1mm (Right).

Increased Amount of Assets

The Ledger team has heard plenty of community feedback asking for an increase in the number of assets the device can store. And oh did the Ledger team deliver. The entire list of assets can be viewed on the Ledger website.

Bluetooth Functionality

The Ledger Nano X also features the ability to connect your Nano X with a mobile device allowing transactions to be made on the go. Depending on you’re storage needs, this may or may not be useful for you.

Bluetooth Connection Ledger X

Frequently Asked Questions

Is the Ledger Nano X safe?

Absolutely! The Ledger Nano X is placed #1 on our cryptocurrency hardware wallet list for good reason. It’s proven track record of security and levels of security make it an incredible choice for storing cryptocurrency.

How many coins can a Ledger Nano X hold?

There’s no limit to how many coins a Ledger Nano X can hold. As long as your desired cryptocurrency is supported by the wallet, it can store as much of it as you need!

How do I withdraw money from my ledger Nano X?

Withdrawing from a Ledger Nano X is extremely easy to do. Open the Ledger Manager app which will give you an interface to interact with.

From here, navigate to the coin you are trying to send, paste the deposit address and wait for the coins to arrive!

How do I wipe my Ledger Nano X?

Before wiping a Ledger, it’s important to think through and make sure you’ve considered everything.

Do you have backups?

Coins still on the device?

Once you’re absolutely sure the device is ready to be wiped, you can follow the instructions here.

Conclusion

Ledger is known to be one of the most transparent and best companies in the cryptocurrency space and they have once again lived up to expectations.

Hopefully, this review gave you some valuable information and will allow you to make an educated purchase.