With the increasing phishing attempts, cyberattacks, and fraud all over the internet, one is consciously left with no better choice than to look for a saver means of keeping digital assets to stay protected against losing one’s wealth.
As people get acquainted with cryptocurrencies, attempts to proffer a lasting solution to the insecure means employed in saving crypto assets increases. This necessarily calls for a user-oriented, secure, and importantly a state-of-the-art wallet that keeps funds without worrying about attack or theft.
Today, the best means to store digital assets is through hardware wallets, this, experts say is the standard. Hardware wallets are physical devices used in storing cryptocurrency to guard against cyber intruders who are majorly focused on stealing people’s hard-earned assets.
Talking about this hardware wallet, a major firm producing this device is Ledger, the company is behind the Ledger Nano S hardware wallet, which has today gained prominence among crypto experts and holders alike.
Advancing on the previous hardware wallet, Ledger has gathered more ideas to reinforce the previous one and produce what it branded as Ledger Nano X, a new device seen as unmatched in the digital currency space.
Is the New Ledger Nano X OK?
The new innovation, Ledger Nano X, is more than two times the weight and size of the previous hardware wallet. It has a weight of 34g and a dimension of 72mm x 18.6mm x 11.75mm.
The device now comes with a built-in 100mAH battery, denoting that it can be used on the go without you needing plugin it to a PC for optimum output. The device also comes with an increased memory and OLED screen.
The device may not be bigger than some other hardware devices in town today, but it is by far bigger than the Trezor Model One and the Ledger Nano S which precedes the new device. To be precise, the new Ledger Nano X comes the same size as the popular USB hard drive.
In essence, the device comes in a more advanced look, functionality but compact since the operation button is now placed on the device.
On Purchasing the Ledger Nano X Device, What Do You Find in the Box?
The Ledger Nano X package comes with a white box of 80mm x 131mm x 31mm size containing the Nano X device. It comes packaged with a USB A to USB C cable in addition to a keychain strap for easy handling.
The package also comes with documentation purposely put in place to enlighten buyers on the nitty-gritty of the device. This package also includes a leaflet on how to get started, three recovery sheets where you record the recovery phrases.
To increase the awareness of Ledger Nano X, the device comes with several stickers that feature Ledger branding.
How to Use
Comparing the Nano S with the newly devised Nano X, one sees that the latter is larger and contains more functionalities that the former.
One very important thing to note is that the Ledger Nano X contains two buttons for navigation, this is the only area where the device may appear uneasy to operate, but still, it is simple to use and lay hands on.
The larger screen and the two buttons embedded makes it simple to handle and may appear to be nothing before those that might not have handled it before. In this wise, users may not notice the existence of buttons on the device.
To scroll, you use the left and right buttons on the device, and you select available options on the screen just by pressing both buttons at the same time.
Kindly note that you need Ledger Live application to perform some functions like sending funds and checking your balance. However. you still need the Nano X to authenticate every step taking with the app. So, you can’t do anything reasonable without your hardware wallet.
Relax, you will get familiar with this as we go on with our review.
On the Nano X screen, you can see your address or the address of the person you are sending fund. This function is not available on the Nano S.
The 50cm long USB cable included in the Nano X package makes it easy for you to connect your ledger to the laptop, and operate the device.
How to Start
This installation phase does not take much of your time. However, you need to pay deep attention to what you are doing.
To install or simply start using your Ledger Nano X, you need to download the Ledger Live that suits your operating system. The app is readily available for iOS, Android, Windows, Mac OS, and Linux.
The moment the Ledger Live is installed, run it on either your computer or your smartphone. Then, on your Ledger Nano X device by firmly holding the left button.
To pair your ledger with mobile phone, you need to turn on your smartphone Bluetooth, then move your Ledger Nano X closer. The two pairs connect without any problem. For your laptop, you only need to connect with your USB Cable.
To configure the device, scroll through the startup screens. You will necessarily need to choose your 4 to 8-digit secret PIN code.
To select your PIN, scroll through the number you want to select with the two buttons on the devices, once you get to one of the digits you intend selecting, press the two buttons at a time.
For example, let assume you like to use code 1234. On the first pin indicator, scroll till you get to 1, then press the two buttons simultaneously.
Now, proceed to back up your device with the generated 24-word recovery phrase that will be displayed on the device screen. Note that the phrases are displayed one after another. Do well to write them down on the recovery phrase paper added to the package as they display.
You get to a point where you will be told to install necessary wallet apps. If you are interested in using Bitcoin, for example, you have to download the wallet app. This is the next phase the moment you have your recovery phrases written and confirmed on the laptop or smartphone screen.
Talking about the Features of Ledger Nano X.
Ledger Nano X has beautiful features. Support for new digital assets is being added almost every time.
The Nano X can store around 100 apps easily. It is significantly superior to the Nano S in the sense that it comes with an internal memory that’s up to 2048kb, giving users the opportunity to store up to 100 apps on their device. As well, it comes with a 100mAH built-in battery.
Ledger Nano X Supported crypto assets.
Now, Ledger Nano X supports over 1000 digital currencies without any issue. Of these 1000 cryptocurrencies, it supports 23 coins and all ERC-20 tokens.
Among the supported crypto assets are:
Bitcoin Cash (BCH)
Binance Coin (BNB)
The Ledger Nano X has some security features installed. They include CC EAL5+ physically isolated security elements. This is to guard the device against the reach of intruders. The feature is a replica of the security deployment in credit and debit cards.
It as well has a dual-core MCU that runs a proprietary operating system branded as BOLOS. This controls the interaction between the Ledger secure element and the connected device.
While users may be thinking the preinstallation of Bluetooth may increase the susceptibility of the device, the Ledger Nano X encrypts Bluetooth traffic between the mobile device and demand a manual verification for every action.
Beyond, Nano X and Nano S are the first and only hardware wallets to earn CSPN (First Level Security Certificate) certification. This security is certified by the National Cybersecurity Agency of France (ANSSI).
The device also takes 4-8 digital security PIN, inactivity lockouts, and Ledger Live passwords as key security measures.
Price of Ledger Nano X.
The Ledger Nano X cost $119 on the official Ledger Nano Website.