Ledger Nano X Review – The Ultimate Cold Crypto Wallet

Introduction

We will go over a Ledger Nano X Review – The Ultimate Cold Crypto Wallet.

Did you know that hardware wallets allow you to safely store your crypto currency?

Today I will break this down in the following way:

• Quick summary table on the pros and cons of the Ledger Nano X
• A more detailed explanation of how I feel as a user
• Support and current availability of the wallets

I will be analyzing the well known offline cold storage crypto wallet called Ledger Nano X.

• Ledger Nano S: This is made by Ledger A portable LCD screen side buttons.

Just as a note I’ve owned the Ledger Nano S for a longer period along with the Trezor Model T in the past. I have also written an extensive review comparing the two wallets so this isn’t the first one I will be talking about. I will link at the recommended links below how you can find the other wallet review below.

I waited for three months from my purchase date to write this review so I can gave it a fair shot on using it and understanding how it works. So while this may come out as a biased opinion as I’ve always used the Ledger Nano S in the past so this is naturally an upgrade to me. Regardless I’m going to try to keep this from a fresh perspective and be as objective as possible.

Quick Highlights Of Ledger Nano X

Below you will find a table of me summarizing the highlights of the advantages and disadvantages of owning a Ledger Nano X.

If you would like to get more detailed information please carry on and read the rest of the sections as I break them down in detail on what I believe is good and not with more feedback and personal opinions.

Detailed Review Of Ledger Nano X

Now that we have covered a quick summary we are going to go into more details based on the sections below as needed, feel free to drill in and get a better understanding on each part.

Ease Of Use

I believe the Ledger Nano X is one of the most friendly hardware wallets you can get these days. It’s so easy that the team has made the entire process from start to end click to continue.

I think the software, firmware and hardware interface is designed very well. From the moment you setup the ledger and initialize it with your key phrases you are greeted with an easy to follow guide. Once the initial process of setting up the basics is done then you hop on the really nice looking application which is called Ledger Live.

The interface of the application is very intuitive and it works well in both Mac OSX and Windows. I personally like to use it in both platforms, but perhaps the hidden and most important features it that there’s an app for it which synchronizes with your ledger via bluetooth!

As you can see it shows a lot of graphs so you can easily track your assets and see your portfolio change at a glance. At the time of this writing we are in a bear market so there’s a huge decline for the past month.

I have to admit the ease of use is one of the best features of this hardware wallet.

Cost

The Ledger Nano X is priced much lower at (150 euros) I believe it has everything you can think off and you will need for a hardware wallet. Since the construction and software and hardware work perfectly the pricing reflects it’s value.

If you don’t need all the features such as Bluetooth and the higher capacity then you can go with the a cheaper hardware wallet such as the Nano S. In my opinion it was worth the extra 100 euros price difference because I currently hold a lot of different coins. If you find yourself only holding 5-6 coins then go with the alternative.

So I think the answer of whether the cost is good or not comes down to your personal belongings with crypto and preference of accessing the device.

App Compatibility

When it comes to app compatibility the Ledger Nano X works and I have personally tested in the platforms below.

• Windows: I tested this with Windows 10 on my desktop computer and haven’t had any issues. Sometimes the USB will disconnect if you leave it plugged in for a long time but I believe this is related to the power saving features of the operating system. Besides you wouldn’t want to keep your ledger plugged in for long periods of time in your PC.
• Mac OSX: I found it works the best on my Mac computer. I really haven’t had any issues at all. It performs as expected and it’s very fast and speedy. It’s important to note here that it works well with both the new Mac Silicon chips and the older Mac Intel chips fine. I own both laptops and have used it in both devices successfully.
• Apple iPhone: The features here are limited compared to the desktop but you don’t lose any major functionality. I don’t use it as much in my phone but it does work and I have gotten basic work to be good and functional.

I have not tested it on Android phones but I believe there’s an app for that too just can’t comment how well it works since I have no experience with it.

Coin Support

Security

Security is pretty much the benchmark for hardware wallets. I have been surprised by both and the progress they have made in this field. In the early days I remember reading about all sorts of attacks affecting them and being able to compromise them (they probably still exist) but none of it is getting public or being spoken about.

I believe they have reached an early stage of maturity which signifies some form of stability in this area. The ledger has a very good track record for keeping your crypto secure and safe. It’s by far a much more safe approach than keeping them in an exchange such as coinbase or binance. I personally as soon as I trade them I move them off to my ledger.

Keep in mind that security comes at a cost which means you need to protect very well your 24 or 12 keyword words in order to restore your wallet. If this list falls in the wrong hands you will be in trouble!

I won’t go into the details of how I keep mine safe but I can tell you that one good approach is to split it up in different parts such as a bank safe, your home and other locations which you trust. So it’s like putting together a puzzle if someone wants to recover your key phrase they’d need to go to different physical locations to get it.

Since this is about the Ledger Nano X Review – The Ultimate Cold Crypto Wallet I do want to say that my Nano S review which you can find linked below was very similar in terms of security as they share almost identical firmware’s and hardware features.

Form Factor

The form factor of the Ledger Nano X is a great addition to anyone that values portability. Since it synchronizes wirelessly with your phone and you don’t need cables that makes it in my mind the ultimate portable hardware wallet. It literally fits in your pocket and it’s the size of a pack of bubble gum.

More specifically it’s designed in a way that you can put it in your keychain or in your pocket. Combine this with the easy of opening and closing it protects your screen from accidental damage.

Construction

I was very impressed with the rigid construction of the Ledger Nano X. In particular I like the shape and how well the screen is protected. One thing that still annoys me is that the buttons are a bit flaky. They feel cheaply made and when you click them it has an odd feedback in your fingers. You know things are getting pressed but you feel afraid of breaking them if that makes sense. I think Ledger can certainly improve on the button touch effect and make them a bit smoother for that price point of the device.

The materials in the Ledger Nano X is a solid plastic surface that has a moveable aluminum enclosure which gives it a nice feel. It’s made out stainless steel and has a cool logo effect in the front. Even the Ledger Nano S is significantly cheaper to the Ledger Nano X they are both made from the same materials. You’d think at a higher price point you will be getting something more luxurious and prestigious.

I am all about practicality but I also think the money difference shouldn’t just mean better R&D and more coin support. It should also translate to a better hardware design with perfection to the detail. Having said that I still think it’s a solid device and the construction I’d say is above average and definitely beats the other hardware crypto wallets in the market.

Support

One thing that really upset me was their support. They are extremely slow (expect 10days+) as response times. This is very bad if you are producing such a mainstream product and expect to keep your customers. The quality is great but the support is lacking. Also you need to do it via email which is very slow if you are about to lose money due to an error or something else. In the crypto world also any transaction failures can greatly impact your results due to the high volatility. The later is unfortunate because it makes you not being able to completely rely on the wallet especially if you hit an unexpected bug.

Ledger please improve your customer service and you will shine here trust me. There’s no justification for being so slow especially if all things considered your are one of the top producers of hardware wallets. You will get a lot more customers if your turn around support times improve and you stay on top of things.

Popularity

I believe the popularity in general of hardware wallets is increasing over the years. I still do not think they can compare with crypto exchanges such as coinbase and binance but they are certainly getting there. As more attacks happen and there’s loss of money by holding your crypto in an exchange I think the cold wallets will gain in terms of popularity and every day use.

I personally have been a great fan of them but I do understand that things are not quite there yet. For this I’m going to use the help of google trends to pick up some metrics for you and see how it does compared to the exchanges and how it does compared to other wallets.

The graph above says a story by itself. The ledger is basically lacking a lot compared to the two most popular exchanges that we mentioned earlier. Even though the trend is a bit discouraging and you can see Binance basically taking off and the ledger following a steady or slightly downtrend I believe this will change in the future.

I wish I could compare above all wallets in general rather than Ledger itself to give you a more clear picture but this review is specifically for the Ledger itself.

The graph above is very telling when we compare the model Nano X to a competitor such as the Trezor One. As you can see Ledger is basically dominating right now the market of hardware wallets. Even though the Trezor is a good competitor (I have personally used the Model T) I can safely say the Nano X is way more popular than it.

For a good reason in my opinion however I think the Trezor is still very promising and a good candidate if it improves and adds more coins to it’s portfolio of supported ones.

Conclusion

If you found the Ledger Nano X Review – The Ultimate Cold Crypto Wallet useful and you think it may have helped you please drop me a cheer below I would appreciate it.

If you have any questions, comments please post them below I check periodically and try to answer them in the priority they come in. Also if you have any corrections please do let me know and I’ll update the article with new updates or mistakes I did.

Do you use a hardware wallet or store your crypto in the exchange?

For me it’s a no brainer to store my crypto in an offline wallet. Exchanges don’t actually let you own the crypto and you always risk losing them in case of disaster. We have seen a lot this in the past repeat itself.

If you would like to learn more about Crypto you can check the links below:

• Trezor Model T vs Ledger Nano S
• The Future Of Mining Crypto
• Innosilicon LTCMaster Miner Review