Table of Contents

• Ledger Nano X Specifications
• Built-in Components
• Ledger Nano X Overview
• Pros and Cons of Ledger Nano X
  • Pros
  • Disadvantages
• Pricing of Ledger Nano X
• Summary

Ledger Nano X specifications

Built-in components

• Ledger Nano X
• USB Type -C cable
• Quick Start Guide
• 3 backup record pages
• Keychain

Ledger Nano X Overview

Ledger Nano X is a hardware wallet that is compact and easy to operate, making it ideal for managing cryptocurrency assets at any time. Compared with the Ledger Nano S version, its screen is larger and the button arrangement is optimized for easy pressing and use.

You can set up the Ledger Nano X using a desktop computer or a device running iOS or Android. Throughout testing, initial setup of the device was smooth and intuitive, making it perfect for beginners. Pairing USB-C and Bluetooth devices is stable and efficient without any hindrance. According to Ledger, its battery life is up to 8 hours and its service life is about 5 years.

The best way to manage your cryptocurrency assets using your Ledger device is the Ledger Live app, currently available in desktop and mobile versions. It offers all the functionality a user needs, including checking balances and transferring or receiving assets. Some of the advanced features it comes with include SegWit trading, exchange integration and export of extended public keys (xpub). It’s worth noting that the Binance decentralized exchange platform itself also supports Ledger Nano X. You can manage many cryptocurrency assets through Ledger Live, but a few tokens require the use of third-party wallet software.

The Ledger Nano S wallet has limitations and can only install several apps at the same time. Ledger Nano X has been fully upgraded and can store more than 100 apps at the same time, making it more suitable for managing diversified investment portfolios.

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Advantages and disadvantages of Ledger Nano X

Advantages

• Can be set up and used via smartphone or tablet.
• Portable and built-in battery.
• Supports all mainstream blockchains and various tokens.
• Easy to use.
• Tokens can be added quickly, simple and intuitive.
• Supports multiple languages.
• Ledger was established in 2014 and has a solid position in the industry.

Disadvantages

• Bluetooth functionality may cause security risks. However, according to the company, no important data (such as private keys or mnemonic phrases) will be transmitted via Bluetooth.

Ledger Nano X pricing

In January 2020, Ledger Nano X sales Price is $119.

It is recommended that you purchase the equipment directly from the supplier. Purchasing a second-hand hardware wallet carries the risk of private key leakage.

Summary

Ledger Nano X is the latest product launched by Ledger, a well-known hardware wallet manufacturer in the cryptocurrency industry. Its predecessor product, Ledger Nano S, is also a popular cryptocurrency wallet with easy-to-use and smooth user experience. Ledger Nano X expands token types and adds Bluetooth connectivity.

Overall, the Ledger Nano X is an easy-to-use and accessible hardware wallet that is ideal for both beginners and advanced users.