Ledger Nano X is Ledger’s new generation hardware wallet. Ledger Nano X allows users to manage their cryptocurrencies anywhere with its bluetooth feature and store up to 100 coins at the same time.
While a hardware wallet is a must for every cryptocurrency user, Ledger Nano X is especially a great wallet for traders and dapp users.
In this review, I will explain why you should have a hardware wallet in the first place and why Ledger Nano X is the best cryptocurrency wallet for traders and dapp users.
Why you need a hardware wallet?
If you are a trader and store your cryptocurrencies on the most trusted exchanges like Binance, Kraken and Coinbase, you will likely to be fine even if such big exchanges get hacked.
But, once you deposit your cryptocurrencies into centralized exchanges, you no longer own them.
Many people use MetaMask, MyEtherWallet, desktop wallets and mobile wallets like Trust Wallet and Coinbase Wallet.
Considering how much cryptocurrency lost to hacking attacks so far, you should really be careful with using hot wallets and typing your seed phrase or uploading keystore files online.
Thanks to the secure chip inside Ledger devices that stores and protects your private keys, you don’t need to worry about external threats with a Ledger Nano X.
If you have a hardware wallet like Ledger Nano X, you can also use MetaMask and MyEtherWallet securely with your hardware wallet.
Cryptocurrency users use such software wallets like MetaMask without ever experiencing problem and they are indeed secure for an average user.
But, when it comes to keeping coins and tokens on your own wallet instead of cryptocurrency exchanges, you always need to be careful.
Any hacking attacks whether related to your computer, mobile device or an online service / dapp you use may end up with an emptied wallet and leave you with no fund as well as no hope.
But, always watching out for risks and threats is practically not possible for any person, be it a techie person or not.
And not worthwhile while there are hardware wallets like Ledger Nano X which will take care of the security of your private keys and allow you to focus on other things while making transactions, trading cryptocurrencies and using dapps.
Ledger Nano X features
Certified secure chip
Ledger uses a certified secure chip in Ledger Nano X and Ledger Nano S to protect private keys, which is usually used in credit cards, SIM cards and passports to protect critical information.
The private key and the seed is stored in the secure chip. Isolated private keys are never exposed to the internet or any device such as computer the wallet is connected to.
The only thing that you need to do to protect your cryptocurrencies is keep the recovery seed in a safe place. You will need your recovery phrase to access your funds or recover your wallet if it is stolen or damaged.
The point of switching to a trusted hardware wallet like Ledger Nano X is about leaving fear of hacks behind. What most people in crypto need is not a trusted cryptocurrency wallet but not needing to trust it.
You have probably realized how messy the crypto space is, and serious too, there is no turning back after you are hacked.
Ledger Nano X bluetooth feature
Ledger Nano X allow users to manage their cryptocurrencies anywhere they go with its bluetooth feature.
You can make transactions, install & remove assets and discover apps anywhere with Ledger Live app, which is available on iOS and Android.
Encrypted bluetooth connection between your wallet and Ledger Live app only involves public data. Private keys never leave the device or exposed.
Hardware wallet mobility matters. You can manage and transfer your cryptocurrencies everywhere with Ledger Nano X. It has a 100 mAh battery and lasts a few hours in use and a few months when idle on a full charge.
In short, Ledger Nano X is a really great hardware wallet with its bluetooth feature, storage capacity and other features.
If you don’t have a hardware wallet, you should definitely consider getting a Ledger Nano X to avoid future regrets.
Ledger Nano X storage capacity
Ledger Nano X has six times more storage capacity than Ledger Nano S, which makes it a great wallet for storing many coins at the same time.
You can install up to 100 applications on your Ledger Nano X while Nano S users can only install 3-6 applications at most.
Ledger Nano X supported coins
You can store up to 100 coins at the same time among 1100+ supported cryptocurrencies in your Ledger Nano X wallet.
Ledger Nano X has a much better storage capacity than Ledger Nano S which barely stores 3-6 apps at the same time.
Some of the supported coins by Ledger Nano X:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Polkadot (DOT)
- Tezos (XTZ)
- EOS (EOS)
- Binance Coin (BNB)
For all of the supported coins and tokens by Ledger Nano X, check out this list.
Ledger Nano X price
Ledger Nano X costs $149 USD (VAT not included), it also includes free shipping.
If you are a resident of an EU country, Ledger Nano X will cost you €149. And shipping and VAT are included in the price.
Ledger Nano X prices in different countries
If VAT is not included in the Ledger Nano X price, Ledger Nano X price might vary depending on the country you live in and the local currency.
To check out the Ledger Nano X price, just go to Ledger’s website while your VPN is disabled (if you use one).
Does Ledger support ERC-721 tokens? Storing ERC-721 tokens on Ledger Nano X
As Ledger Nano X is compatible with cryptocurrency wallets such as MetaMask and MyEtherWallet, you can easily view, manage and transfer your ERC-721 assets using external wallets.
It is currently not possible to manage ERC-721 tokens in Ledger Live. But you can store ERC-721 tokens in your Ledger Nano X and manage them using MetaMask.
If you want to use decentralized exchanges or DeFi apps, or manage your ERC-721 tokens, you can simply connect your Ledger Nano X to MetaMask.
Using Ledger Nano X with dapps and MetaMask
Ledger Nano X is one of the best cryptocurrency wallets to access dapps.
You can use your Ledger Nano X to access and use many dapps such as DeFi applications, decentralized exchanges and blockchain games.
Using DeFi apps with Ledger Nano X
Ledger Nano X is compatible with most DeFi applications. With a Ledger Nano X, you can securely access and use many popular DeFi apps such as Compound Finance.
Using Ledger Nano X with decentralized exchanges – Ledger Nano X compatible decentralized exchanges
You can use your Ledger Nano X to trade cryptocurrencies on many decentralized exchanges such as Uniswap, one of the most popular decentralized exchanges for trading Ethereum tokens.
If the decentralized exchange you want to use is not compatible with Ledger Nano X, you can try using it by connecting your Ledger Nano X to MetaMask.
For the most popular decentralized exchanges that support Ledger Nano X and other hardware wallets, check out this list.
Using Ledger Nano X with blockchain games
Just connect your Ledger Nano X to your MetaMask wallet and play any blockchain game you like. There are many popular blockchain games like Axie Infinity.
To see which blockchain games support MetaMask and for other information, check out our list of blockchain games.
Ledger Nano X unboxing
Ledger Nano X comes in a small package and includes the following: A Ledger Nano X, a USB C cable, a keychain for the device, 3 recovery sheets, a user guide and Ledger stickers.
Ledger Live supported coins
Ledger Nano X supports 1100+ cryptocurrencies and the number keeps growing. But you can’t manage all of the supported cryptocurrencies on Ledger Live app.
While Ledger Live supports many of the major coins supported by Ledger Nano X, you still need to use external wallets for some cryptocurrencies.
Some of the supported cryptocurrencies by Ledger Live:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- USD Tether (ERC20) (USDT)
- Bitcoin Cash (BCH)
- Tron (TRX)
- Cosmos (ATOM)
- Tezos (XTZ)
For all of the supported cryptocurrencies by Ledger Live, you can refer to this page.
Ledger Nano X vs Trezor Model T
In terms of security, both Ledger Nano X and Trezor Model T are the safest hardware wallets in the market.
Trezor Model T has a touchscreen which is a cool addition to the hardware wallet. If you are interested in the touchscreen feature and open source devices, you may consider getting a Trezor Model T.
You can safely store and transfer cryptocurrencies with both Ledger Nano X and Model T. But, Ledger Nano X, with its bluetooth feature and compatibility with dapps is a more useful device for active crypto users.
It is also possible to use Trezor Model T to access and use Ethereum-based dapps via MetaMask integration. Overall, both hardware wallets are very secure, ultimately which one you should get is up to what you will do with a hardware wallet.
When it comes to price, Ledger Nano X is no doubt the best option among all hardware wallets taking into consideration other factors such as features as well.
Ledger Nano X costs $149 dollar while Trezor Model T costs 164 EUR. If you buy Trezor Model T, you’ll be basically paying for the touchscreen feature which does not make sense me to me.
Check out our Trezor Model T review for more information:
Ledger Nano X vs Ledger Nano S
The problem with Ledger Nano S is that you can’t store more than 3-6 apps at the same time.
You need to delete existing apps to install new ones to overcome this problem, which might be very annoying for some users.
If you don’t want to deal with such problems and are interested in Ledger Nano X’s bluetooth feature and larger capacity, you should get a Ledger Nano X.
But if you are ok with it and want a cheap hardware wallet that would protect your cryptocurrencies, you can get a Ledger Nano S.