ledger nano x app Review
Overview
The Ledger Nano X is Ledger’s newest hardware wallet.
The main idea behind the device is that it is the easiest way to secure your Bitcoin and cryptocurrency.
After testing the device, I can confirm that this cryptocurrency hardware wallet is very easy to use.
In fact:
It’s the easiest, most smooth setup I’ve ever experienced with a hardware wallet.
And I’ve tested every single hardware wallet.
What’s in the Box
The Ledger Nano X comes nicely packaged and includes the following items:
- Ledger Nano X
- 1 USB C cable
- Keychain for device
- 3 recovery sheets
- Ledger stickers
Price
The Ledger Nano X is priced at $119. This also includes free shipping to almost every country.
Make sure you NEVER buy a Ledger Nano X or any other hardware wallet from eBay.
Only buy from Ledger’s official website.
Here is the Nano X compared to the other three popular hardware wallets:
Device Design
Here are some pictures of the Nano X.
The device when you open the box:
The Ledger Nano X screen is much bigger than Ledger’s previous hardware wallet, the Ledger Nano S. The buttons are much bigger as well and easier to click:
Background on Ledger — A Bitcoin Security Company
Ledger has been creating hardware for Bitcoin security since 2014.
Since then it has received over $85 million in funding from some of the world’s top investors. Its most recent raise was for $75 million in January 2018.
According to Ledger’s website, they have sold over 1,100,000 Ledger Nano S devices and have clients in over 165 countries:
Ledger Nano X Supported Coins
The Ledger Nano X supports a wide range of coins.
To add a new coin to your device, just go to “Manager”. From there you can tap the blue install button on any coin you want to add to your Nano X:
Ledger Nano X vs Ledger Nano S
The Ledger Nano X is new, so what’s the difference?
The Ledger Nano X costs $119 vs $59 for the Nano S.
The Nano X connects to iOS devices, while the Nano S only works with desktop computers and androids.
They both support the same coins.
The Nano X also has a slightly larger screen.
D’cent vs Ledger Nano X
D’cent is still a new wallet. The Ledger Nano X has been around much longer. With hardware wallets, it’s usually better to use the more tried wallet. The D’cent wallet also has more features, which can also lead to more ways to get hacked.
Setup
The Nano X can be setup using an iOS device, Android or computer.
In this setup example I used my iPhone XR to setup the Nano X via bluetooth, but the steps are similar for other devices.
Ledger has a new app called Ledger Live, which is what I used to setup the Nano X:
Once opened, select the device you’re setting up. I chose Nano X, but it will work with any of Ledger’s devices.
If your device is brand new, select “Initialize as a new device”:
In this step, set a pin code on your device. You don’t actually need to use the app for anything yet, the app is just guiding you through the steps.
Ledger’s app has some really nice security suggestions. Follow them!
Now, write down the 24 words that you will see on your Ledger Nano X’s screen. You still don’t need the app yet, it’s just guiding you.
Ledger offers more tips here, definitely make sure you’ve followed all of their suggestions in order to keep your Bitcoin and cryptocurrency safe!
Ledger will ask you to confirm that you followed their advice. Great feature!
More confirmation:
Now we can get to actually pairing your Nano X with your phone.
Make sure bluetooth is turned on on your phone. If so, you should see this pop up on your phone screen. You should see the verification code showing on your Ledger Nano X:
I had a failed pairing attempt and I’m not sure why. But on my next attempt it worked.
The wallet and my phone connected!
Pairing succesful:
Now that your device is paired, select it from the menu in order to proceed:
Ledger Live will tell you to set a password lock. This is so if someone gets access to your phone they can’t see any information about which coins are on your Ledger. This is mostly a privacy concern and not a security concern.
Setting a password:
Ledger offers some warnings about your password:
After that, choose which data you’re willing to share with Ledger:
That’s it, the device is ready to use! Although this process seemed long, it didn’t take me more than 5 minutes to complete all of it.
One last warning from Ledger:
Adding Coins to your Device
Each time you want to add new coins on your Ledger, you need to install its respective app.
Here, for example, I chose Bitcoin and it installed the Bitcoin app on the Nano X:
After that, you will need to open the Bitcoin app (or whatever coin you installed) on the device:
Then you can create an account for that coin and start receiving funds:
Success!
I can now send and receive Bitcoin:
A QR code pops up on your device to receive funds:
You will be asked to verify all addresses on your Nano X as well to make sure your phone has not been hacked:
Does the Ledger Nano X Work with Billfodl?
Yes, you can use backup tools like the Billfodl to protect your Nano X’s backup seed.
Languages
The Ledger Nano X supports most languages. The setup process will be displayed in the language of your choice, so don’t worry if you don’t read English
