Ledger Nano X review

The top-tier Ledger Nano X lets you go mobile and do more with your crypto

Finder’s rating: 4.6 / 5.0

★★★★★

  • Great for Bluetooth mobile functionality and extra storage
  • Not so great on price; most features now in cheaper Nano S Plus
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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

The Ledger Nano X is the most advanced hardware wallet from Ledger, a highly-reputable name in the world of crypto asset security.

Ledger brought the Nano X to market in 2019, and it has remained the top-of-the-line Ledger wallet ever since.

The Nano X enables you to store the private keys to over 5,500 digital assets as well as your NFTs offline.

The Nano X is also Bluetooth-enabled and iOS compatible, unlike Ledger's newer Nano S Plus or discontinued Nano S model.

While the hardware wallet has some of the most advanced features on the market, the one area in which it lacks is its staking capabilities via the device's desktop and mobile Ledger Live interface.

Nano X pros and cons

Pros
  • Large screen size (128 x 64px)
  • Supports 5,500+ tokens
  • Runs up to 100 apps simultaneously
  • Highly secure; CC EAL 5+ rating
  • Native support for NFTs
  • Bluetooth enabled
  • Android and iOS compatible
  • Device times out after a period of inactivity
Cons
  • Most expensive Ledger hardware wallet
  • Can't stake many cryptos via Ledger Live

Our Ledger Nano X unboxing

What's in the box?

⚠️ Must read

Before using your Ledger Nano X, carefully check the shrink wrap and box for any evidence of tampering.

If someone has accessed your device, it may be vulnerable to hacking and theft of funds.

Contact Ledger support if you have any concerns about the integrity of your device.

You'll find the following items inside the box for your Ledger Nano X:

  • Ledger Nano X device
  • USB-C cable used to connect the device to your computer
  • A cardboard "Getting started" envelope containing
    • Directions.
    • A use, care and regulatory statement.
    • Three recovery phrase sheets.
  • A Ledger sticker
Ledger Nano X unboxing and packaging

Nano X plus price

The Ledger Nano X sells for US$149 through Ledger's official website.

This price point makes it the most expensive hardware wallet in the Ledger line, which also includes the Nano S Plus (US$79) and the discontinued Nano S (US$59).

While the Nano X is more expensive than Ledger's other wallets, it's cheaper than comparable hardware wallets from competitors, like the Trezor Model T, which retails for US$250.

Where to buy the Nano X in New Zealand

Purchase the Nano X directly from Ledger's website - and not from a third party - to reduce the chances of someone tampering with your device before it reaches you.

If you decide to buy from a reseller, the authorised retailers listed on Ledger's site are the only ones you should consider.

Go to Ledger's website

Nano X supported coins

The Nano X can store private keys to more than 5,500 digital assets, just like the Nano S Plus and original Nano S.

If being able to manage a wide range of coins is important to you, you'll be hard-pressed to find a better cold storage wallet outside of Ledger's line. Trezor's range of wallets comes in next best with support for around 1,800 assets.

The Nano X is superior to Ledger's other devices in terms of asset storage because it has 2MB of storage capacity compared to the Nano S Plus's 1.5 MB and the Nano S's 320KB. This means that the device has more capacity to run crypto apps and store the keys to more crypto assets simultaneously.

Managing NFTs on the Nano X

You can also store the private keys to your NFTs on your Ledger Nano X.

With native support from the Ledger Live app, you can view and manage your NFTs on the Ethereum and Polygon blockchains.

You can also store the private keys to NFTs on other blockchains like Solana and Cardano on your device, but you'll have to sync your Nano X with a third-party app like MetaMask.

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Ledger Nano X security

All Ledger hardware wallets, including the Nano X, benefit from the same top-level security rating.

As a French company, Ledger has The National Cybersecurity Agency of France conduct a range of evaluations to verify device security.

All Ledger devices use Secure Element chips, which are also used in credit cards, passports and SIM cards. This level of chip isn't a requirement for hardware wallets, but Ledger opts to use it for added security.

Ledger devices pass the Common Criteria security evaluation, an international standard for state requirements and banking cards, and earn an Evaluation Assurance Level (EAL) 5+ certificate.

An EAL 5+ certificate indicates that a device offers:

  • The highest level of defense against penetration — or hacking — attempts.
  • Protection from both remote and physical attacks.

Ledger states on its site that "going beyond EAL 5+ doesn't provide a higher assurance against attacks anymore."

Does the Nano X's Bluetooth functionality make it susceptible to a hack?

Ledger has denied concerns that the Nano X's Bluetooth functionality makes it vulnerable to data interception.

Its website states, "Only public data is transmitted via Bluetooth; critical data such as private keys and recovery phrases never leave the device."

The website also explains that critical data on the Nano X is protected by its Secure Element chip, which has never been hacked on a Ledger device.

Ledger Nano product specs compared

Ledger Nano X Ledger Nano S Plus Ledger Nano S
Ledger Nano X
Finder rating
★★★★★
Ledger Nano S Plus
Finder rating
★★★★★
Read full review
Ledger Nano S
Finder rating
★★★★★
Read full review
Dimensions 72 x 18.6 x 11.75mm 62.39 x 17.40 x 8.24mm 56.95 x 17.40 x 9.11mm
Weight 34g 21g 16.2g
Screen size 128 x 64px 128 x 64px 128 x 32px
Coin support 5,500+ 5,500+ 5,500+
Apps that can run simultaneously Up to 100 Up to 100 Up to 6
Storage capacity 2MB 1.5MB 320KB
Bluetooth
Battery life 8 hours No battery No battery
Connection type USB-A to USB-C USB-A to USB-C USB-A to Micro USB
Native NFT support
Security rating CC EAL5+ CC EAL5+ CC EAL5+
Mobile phone compatibility Android, iOS Android Android
Supported desktop OS Windows 8+, macOS 10.10+, and Linux Windows 8+, macOS 10.10+, and Linux Windows 8+, macOS 10.10+, and Linux
Price (USD) $149 $79 $59
Buy the Nano X Buy the Nano S Plus No longer for sale

Nano X vs. Nano S Plus

The Nano X and the Nano S Plus have many of the same functionalities. They both:

  • Support over 5,500 digital assets.
  • Manage NFTs.
  • Allow you to run up to 100 apps simultaneously.

But the two devices differ in the following ways:

  • The Nano X has Bluetooth functionality while the Nano S Plus doesn't.
  • The Nano X is iOS compatible and the Nano S Plus isn't.
  • The Nano X can operate on a battery — without being plugged into a computer or mobile device — while the Nano S Plus must be plugged in to operate.

How to set up the Nano X

Make sure that the box's shrink wrap hasn't been compromised before setting up your Nano X. If it has, your device may be susceptible to a hack, and you should not proceed with setup.

Follow these steps to set up your Nano X device:

  1. Download Ledger Live software to your desktop computer. Once it's installed, open the Ledger Live app.
  2. Read and accept the terms and conditions.
  3. Select Nano X, then choose the Set up a new Nano X option.
  4. Review the educational slides. Hit OK, I'm ready in the bottom right corner of the app, then connect your Nano X to your computer.
  5. Scroll through the welcome message on the Nano X using the button at the top right.
  6. Select both buttons at the top of the device simultaneously after you arrive at the message Set Up As New Device.
  7. Create a four- to eight-digit PIN code. Write down and store this PIN in a safe place.
  8. Write down your 24-word recovery seed phrase at the prompt and store it in a secure place. Confirm the phrase.

How to use the Ledger Nano X

To use your Nano X, you'll need to set up the Ledger Live app on your desktop computer or phone.

Connecting with Ledger Live:

  1. Open the Ledger Live app on your desktop.
  2. Input your Ledger Live password if you created one.
  3. Plug your Nano X into your computer.
  4. Input the PIN code for your Nano X.

You'll see your digital asset balances via Ledger Live after following these steps.

Compare the Nano X to other hardware wallets

1 - 3 of 6
Name Product Wallet Type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware wallet
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 5,000+ more
$149
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than the original Nano S.
TREZOR Model T Wallet
Hardware wallet
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$250
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Ledger Nano S Plus Wallet
Hardware wallet
BTC, XRP, ETH, BCH, EOS, XLM, LTC, DOT, BNB, USDT & 5,000+ more
$79
Secure and manage coins, tokens and NFTs with the latest hardware device from Ledger.
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Compare up to 4 providers

Our verdict

The Nano X is one of the most secure and feature-rich hardware wallets on the market today.

If you invest in a broad range of crypto assets, you'll appreciate the device's 2MB of storage and the Bluetooth-enabled convenience of being able to manage your crypto on the go.

But if you're not an iPhone user and don't need significant storage, the more affordable Nano S Plus will likely give you everything you need.

Keep in mind that Ledger's staking UI has never been its strength, but this is a small trade-off for safely storing the private keys to your digital assets offline while you put your assets to work.

Before purchasing the Nano X — or any crypto wallet for that matter — do your research on other crypto wallets before deciding which is best for you.

It bears remembering, though, that hardware wallets like the Nano X are still widely considered one of the safest ways to store your crypto, particularly if you're a high-volume investor or plan on holding for the long term.

Go to Ledger's website

Nano X FAQs

How safe is the Ledger Nano X?

Hardware wallets are widely regarded as the most secure way to store the private keys to your digital assets. The Nano X leverages Ledger's long track record of security and a number of other best-practice protocols to keep your private keys safe.

How do I upgrade from a Nano S to a Nano X?

To upgrade and transfer the private keys to your assets from a Nano S to a Nano X, you'll need to download the most recent version of Ledger Live and make sure that you have your Nano S 24-word recovery phrase to do so.

To migrate the private keys for your assets from your Nano S to your Nano X, follow these steps:

  1. Plug your Nano X into your computer and turn on the device.
  2. Select the right button until you come to the Restore from recovery phrase message.
  3. Choose a four- to eight-digit PIN.
  4. Confirm your PIN.
  5. Select Enter your Recovery Phrase.
  6. When your device displays Select the number of words written on your recovery sheet, select 24 words.
  7. Enter each word of your Nano S recovery phrase into your Nano X.
  8. Your Nano X should then display Processing before it displays Your device is ready.
  9. Hit the right button until you get to the message: Go to the dashboard and your device should display the dashboard.

What happens if I lose my Ledger Nano X?

If you lose your Nano X, you can still retrieve the assets you managed on the device. To do so, you'll need to use your 24-word recovery phrase to restore the private keys to your digital assets on a new device.

How do I turn off the Ledger Nano X?

To turn off your Ledger Nano X, go to the Control Center on your device by holding down both buttons for three seconds and then choosing the Power Off option.

You can also set your Nano X to auto power-off by going to the Control Center and navigating to Settings > General. After that, press both buttons to enter the Battery Saver menu and then select how long you'd like your device to wait before powering off.

Cryptocurrency wallet ratings

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We rate cryptocurrency hardware wallets by scoring each wallet out of 10 for 3 components: security, functionality and cost. Each component is weighted based on importance, as follows:

  • Security: 50%
  • Functionality: 40%
  • Cost: 10%

These scores are aggregated and visualised as a total score out of 5 stars.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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