- 64-bit desktop computer (Windows 8+, macOS 10.8+, Linux)
- Smartphones (iOS 9+, Android 5+)
Check out our full list of pros and cons or read on for our full review.
At the time of writing (Apr 2021), the Ledger Nano X supports more than 1,500 cryptocurrencies via its integration with compatible software apps.
When it arrives, your new wallet will include the following:
To set up your Ledger Nano X, you will need to connect it to either a computer or a smartphone via USB or Bluetooth.
To set it up through a computer, you will need to download the Ledger Live program, and to set it up through your phone you will need to download the Ledger app. You are able to import existing Ledger accounts and wallet details to your new device.
You will get step-by-step prompts on your devices during installation, and the steps may vary depending on whether you’re importing an existing Ledger account of private keys to a new device or creating an entirely new account. Regardless of which one you are doing, the process will generally involve the following:
The Ledger Nano X, like other hardware wallets, is a way of securely holding private keys so that you don’t need to expose them to the potentially dangerous environment of the Internet when making transactions.
Instead, it securely holds the keys offline and provides them on a per-transaction basis. When you want to make a transaction, you will need to physically push buttons on the device to approve the transaction. This means it’s impossible to remotely steal your cryptocurrency when you hold the keys to your crypto solely on a hardware wallet.
To use it for different cryptocurrencies, you will need to pair it with desktop or mobile wallet apps. Your Ledger Nano X can support up to 100 different paired apps. You can find a hundreds of different official wallet apps for different coins on the Ledger website, which makes it an easy option if you’re looking for a high-security wallet that can support an exceptionally wide range of different cryptocurrencies.
If you’re using a third party wallet app with your Ledger Nano X, remember to check that it’s compatible with the device.
You can purchase the Ledger Nano X from the official site.
Buying a second-hand hardware wallet or purchasing one from an unauthorised reseller is not recommended and exposes you to the risk of hacking and the theft of your funds.
At the time of writing, the Ledger Nano X is available for HKD$1,099.
The following features are the primary differences between the older Ledger Nano S and the newer Ledger Nano X:
The Ledger Nano X is also slightly larger than the Ledger Nano S. Here’s a quick breakdown of its size and weight in comparison:
|Ledger Nano X||Ledger Nano S|
|Dimensions||72mm x 18.6mm x 11.75mm||56.95mm x 17.4mm x 9.1mm|
As a hardware wallet, the Ledger Nano X offers a higher level of security than software wallets alone. This is because they introduce a physical security element to the process of making cryptocurrency transactions, which will protect users from a wide range of potential attacks.
The Ledger company is one of the most highly-regarded companies in the cryptocurrency world, and its products have a long track record of effective security.
Contrary to popular opinion, the addition of Bluetooth is not a significant security risk since your private keys never leave the secure element of the hardware wallet.
Essentially, the Bluetooth connection lets your phone app visit the wallet to complete a transaction rather than bringing your private keys to your phone. It’s still just as secure as the Ledger Nano S.
Plus, the Bluetooth connection is end-to-end encrypted for your privacy, and even in the unlikely event of someone hacking into the Bluetooth communications between your phone and your hardware wallet, they would still need your Ledger PIN and physical access to the wallet to actually steal your funds.
For security, it’s important to make sure you keep your back-up phrase safe from damage and safe from view. You can use it to back up and restore access to your crypto if anything happens to your hardware wallet, but it will also let others access the funds on your device if it falls into the wrong hands.
As mentioned, it’s essential that your back-up phrase is kept safe. The best way to do this depends on your situation and the steps you’re prepared to take, but one popular option is to use a recovery seed backup.
These kinds of devices let you personally stamp or otherwise record your seed back-up phrase in metal, without entrusting the task to a third party who could use that information to steal your funds.
The reason it’s safer to record it in metal is because it’s more durable. It can survive fire, flooding and other hazards such as general fading or moisture where simple pen and paper wouldn’t. Importantly, it’s also much harder to lose or misplace a solid piece of steel or titanium than a scrap of paper.
Ledger released its first hardware wallet in 2014 during a massive boom when hardware wallets and bitcoin storage systems first started hitting the market in a big way.
It quickly rose to become one of the most popular hardware wallets around, and then two years later, it cemented its reputation as one of the top manufacturers in the area with the extremely popular Ledger Nano S, which the company released in 2016.
Now, the Ledger Nano X is the long-awaited update to the Nano S, bringing mobile functionality, additional storage, a larger screen and other features to one of the most popular hardware wallets around.
As of January 2019, the Ledger Nano X was one of only two hardware wallets in existence that used Bluetooth to connect to mobile devices (the other was the CoolWallet S). It’s extremely difficult to build hardware wallets with extensive Bluetooth compatibility, but it gives you a much wider range of compatible smartphones.
In July 2020 Ledger’s customer database was hacked, with the information being leaked online in December of that year. The breach revealed approximately 1 million user email addresses and additional information such as name, address and phone number of 272,000 users. Since then, those affected by the breach have been the subjects of ongoing targetted phishing campaigns, attempting to lure users into giving away sensitive information. While new users of Ledger should not be affected by the breach, you can stay up to date with it here.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.