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.
Ledger Nano X is a great hardware wallet especially for traders and dapp users. In this article, I’ll 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 coins on the most trusted exchanges like Binance 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 and desktop wallets. Considering how much cryptocurrency lost to hacking attacks so far, you should really not be typing your seed phrase or uploading keystore file online or even on computer.
If you have a hardware wallet like Ledger Nano X, you can also use MetaMask and MyEtherWallet securely with your hardware wallet. Thanks to the secure chip that stores and protects your private keys, you don’t need to worry about external threats with a Ledger Nano X.
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, you always need to be careful, any hacking attacks whether related to your computer, mobile device or the exchange / 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 key and allow you to focus on other things while trading cryptocurrencies and using dapps.
Ledger Nano X features & review – Why Ledger Nano X is the best wallet for traders and dapp users?
Certified secure chip
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 protect your cryptocurrencies is keeping the recovery seed in a safe place, which you will use to access your funds or recover your wallet if it is stolen or damaged. But, keeping the recovery seed on a piece of paper or on electronic devices might not be a good idea.
For the best crypto backup system available, you can check out CRYPTOTAG which uses titanium and is designed to last a lifetime.
The point of switching to a trusted hardware wallet like Ledger is about leaving fear of hacks behind as we mentioned above. What most people in the crypto need is not a trusted wallet but not needing to trust it. You probably realized how messy the crypto space is, and serious too, there is no turning back after you are hacked.
Compatible with decentralized applications (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.
Use DeFi apps with your 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, DeFiZap and dYdX.
A trader on the blockchain?
A serious blockchain gamer?
Just connect your Ledger Nano X to your MetaMask wallet and play blockchain games or use any kind of dapps.
You can make transactions, send and receive ERC 721 tokens securely with MetaMask while your private key is safe in your hardware wallet.
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.
Check out the detailed list of supported coins and tokens by Ledger Nano X.
Ledger Nano X price
Ledger Nano X costs $119 USD, it also includes free shipping. VAT and duty are not included in the price.
Ledger Nano X ERC721 tokens – Does Ledger support ERC721 tokens?
As Ledger Nano X is compatible with wallets such as MetaMask and MyEtherWallet, you can easily view, manage and transfer your ERC721 assets.
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.
Besides that, mobile dapps are no longer a big deal, you can already access many dapps and even trade them on crypto collectible marketplaces such as OpenSea with Coinbase Wallet or MetaMask. So, you can also enjoy security on your mobile device by using Ledger Nano X in conjunction with such mobile Web 3 DApp browsers.
In short, Ledger Nano X is one of the best hardware wallets and a must for cryptocurrency traders and dapp users. Get a Ledger Nano X now to avoid future regrets:
Ledger Nano X vs Trezor Model T
In terms of security, both Ledger Nano X and Trezor Model T are the most secure hardware wallets in the market.
Trezor Model T has a touchscreen so users don’t need to type recovery seed on computer keyboards during installation. If you want extra security that comes with touchscreen feature and an open source device, you may get a Trezor Model T.
You can safely store and transfer cryptocurrencies with a Ledger Nano X as well. Besides that, Ledger Nano X, with its bluetooth feature and compatibility with exchanges, wallets etc. is a more useful device for those who are interested in dapps.
It is also possible to use Trezor Model T to access and use almost all Ethereum dapps through 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.
Check out our Trezor Model T review:
Ledger Nano X vs Ledger Nano S
The problem with Ledger Nano S is that you can’t store more than 18 apps at the same time. You need to delete existing apps to install new ones to overcome this problem, which might be annoying for some users.
If you don’t want to deal with such problems and are interested in Nano X’s bluetooth feature and increased 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.