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Ledger Nano X Review and Comparison

By: Alexander Reed | Last updated: 3/12/24

The Ledger Nano X is the second hardware wallet introduced by Ledger. In this post, I will share my personal experience with the device and my thoughts about whether it’s indeed the best wallet around.

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Ledger Nano X Review Summary

The Ledger Nano X is one step ahead of other hardware wallets on the market today. The increased capacity for coins, combined with its Bluetooth connectivity, makes it a powerhouse for managing crypto assets. Having said that, the user experience still requires some work. That’s the Nano X in a nutshell. If you want a detailed review of my experience with the Nano X, keep on reading. Here’s what I’ll cover:

  1. Hardware Wallets Overview
  2. Ledger and the Nano X
  3. My Ledger Nano X experience
  4. Supported Coins
  5. Price Tag
  6. Nano X vs. Nano S Plus and TREZOR
  7. Frequently Asked Questions
  8. Conclusion – Is it Worth the Price?

 

1. Hardware Wallets Overview

A hardware wallet is a small device that stores the private key for your cryptocurrency. The interesting thing about it is that it never exposes your private key outside of the device, meaning it is always kept offline (also known as cold storage). So even when you want to send money from it, it will sign the transaction on the device itself and not on any computer it’s connected to. For this reason, it is possible to connect your hardware wallet to any compromised computer without the risk of exposing your private key. This makes hardware wallets a very popular choice for storing cryptocurrencies as opposed to software wallets that are constantly connected to the internet (also known as hot wallets). If you’re new to cryptocurrency wallets, I suggest watching this video to get a complete overview of the topic: https://www.youtube.com/watch?v=aPprQUQljHE


2. Ledger and the Nano X

Ledger is one of the two biggest hardware wallet companies around today (the other one being SatoshiLabs, which is part of the wallet manufacturer TREZOR). The company was founded in 2014 and is a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. Ledger has a team of over 700 professionals. They specialize in developing a variety of products and services to safeguard cryptocurrency assets, including the Nano S Plus, the Ledger Nano X, and their latest, the Ledger Stax. nano x The Nano X’s main difference from previous models is its Bluetooth connectivity, which allows it to be controlled via a mobile phone and not just from a desktop computer.


3. My Ledger Nano X Experience

I’m a really big fan of the Nano S (the previous Ledger model), and that’s why I was anxiously awaiting the Nano X’s arrival. The mobile support was probably the final feature missing in order to make it a truly perfect hardware wallet.

What’s in the box?

The Nano X comes beautifully packaged with the device itself, a USB-C cable, a set of instructions, recovery seed cards, a keychain, and Ledger stickers. The previous bulgy buttons that were on top of the device are now seamlessly integrated into it in a way that’s even a bit hard to notice. All in all, a beautiful design. nano x box

Setting up the Nano X

There are various stages you’ll need to go through in order to set up your Nano X.

Step 1 – Setting a PIN code

When you first power up the device, it will ask you to choose a 4-8 digit PIN code. You can toggle between numbers using the buttons, while “enter” is achieved by pressing both buttons simultaneously.

Step 2 – Writing down your seed phrase

The seed phrase is like the password to your wallet. It’s something that should be kept safe and hidden at all times. When initializing the device, you will receive 24 words, which you should write down on a piece of paper and store away. In case the device gets lost, broken, or stolen, you can recover your funds using your seed phrase on a new device. View this Ledger support article for how to restore your wallet using your 24-word recovery phrase. nano x seed Because the seed phrase is so important, you will be asked to confirm it entirely after writing it down. Unlike the TREZOR setup process, with Ledger, you can’t skip this part. While I understand why Ledger insists on this, I find it a bit cumbersome and would prefer to have the option to skip this part and get back to it later.

Step 3 – Pairing the Nano X with your mobile device

Now comes the interesting part: connecting the Nano X with your mobile device. Previous Ledger versions were only controlled via the desktop software known as Ledger Live. The Nano X can also be controlled via the Ledger Live mobile app. Pairing the device should be fairly simple and straightforward, but unfortunately, that’s not what I experienced. I found it a bit buggy, and it took me two tries to get it to work. The process becomes even more cumbersome when you start controlling the device from the app. Almost every time you execute an action on the app, you need to wait for the Bluetooth connection and approve the action on the device itself. More often than not, the device doesn’t show the “approve” option, and you just need to wait a few seconds for the action to be auto-approved.

Step 4 – Installing apps

Once the device is paired and ready, you can install different apps on it depending on the coins you want to use. nano x app

Step 5 – Adding accounts

This was, by far, the most confusing step for me. After installing the Bitcoin app, I was sure I was ready to go. Apparently, you have to also add a Bitcoin account on the device, and that is not conveyed through the user interface. Of course, you can find a complete onboarding process on Ledger’s site, but as a veteran Bitcoiner, I expected it to be more intuitive. After 5 minutes of going back and forth, I finally discovered this missing step, and from there, it was relatively easy to get a handle on how to control the device.

Mixed feelings

After setting up the Nano X and using it for a while, I have to say I have mixed feelings about the device. On the one hand, this is definitely an upgrade from previous models and other hardware wallets. But on the other, the interface isn’t as intuitive as I’d like it to be, and the Bluetooth connection seems to be getting in the way of every action. Perhaps these are a result of technical limitations that I’m not aware of, but in the end, if this product is aimed at the general audience, it requires a bit more polishing.


4. Ledger Nano X Supported Coins

The Ledger Nano X supports over 5,500 coins and tokens. The main coins can be sent/received via the Ledger Live software interface. Here’s a list of the top supported coins:

In order to interact with Ethereum and Polygon-based NFTs, you will need to download and install the Ledger Live software on your desktop or mobile device. Before purchasing a specific wallet device, make sure the coins you are interested in are compatible with that device. Visit Ledger’s website for the most up-to-date list of coins supported on all of Ledger’s hardware wallets.


5. How Much Does The Nano X Cost?

The Nano X costs $149 (VAT excluded), which is nearly twice the cost of the Nano S Plus ($79 VAT excluded). Basically, you’re paying additional for Bluetooth support. In my opinion, while this is a very big price leap, it’s still worth the added functionality. The fact you can control your hardware wallet from your mobile phone is a huge plus.


6. Ledger Nano X vs. Nano S Plus and TREZOR

Ledger Nano X
Additional features:
Bluetooth
Price:
$149
Overall rating:
Ledger Nano S Plus
Additional features:
-
Price:
$79
Overall rating:
Trezor One
Additional features:
-
Price:
$69
Overall rating:
Trezor T
Additional features:
Touch screen
Price:
$219
Overall rating:
When comparing the Nano X to the competition, I believe it comes out with the upper hand. In the end, it has Bluetooth connectivity and can be accessed from a mobile phone on both iOS and Android, which the Nano S Plus lacks. TREZOR wallets can also be accessed from mobile phones, but only Androids, as they do not yet have an iOS app for the Trezor Suite. Compared to the Trezor Model T ($219 VAT excluded), it only lacks a touchscreen, which, in my opinion, isn’t that much of an advantage anyhow. While TREZOR’s newest wallet, the Trezor Safe 3, is great and has a Secure Element chip like Ledger wallets, it also lacks Bluetooth functionality.


7. Frequently Asked Questions

What is Ledger Live?

Ledger Live is the software that allows you to control your Ledger Nano X hardware wallet. It can be downloaded to your desktop or your mobile phone via an app.

How Do I Transfer Bitcoin to My Ledger Wallet?

  1. Finish the setup for the Nano X
  2. Connect your Ledger and choose the Bitcoin App
  3. Open Ledger Live
  4. Choose your Bitcoin account
  5. Click on “receive” – you will see your Bitcoin address
  6. Use this address to send Bitcoin from your other wallet or an exchange like Binance, Coinbase, or Coinmama

You can send Bitcoin to this address at any time; you don’t need the Ledger wallet to be connected to your computer.

Does Ledger Support Cardano (ADA)?

Yes. The Nano X, Nano S Plus, and Ledger Stax all support Cardano (ADA).


8. Conclusion – Is the Ledger Nano X Worth it?

There’s no doubt that Ledger made a big effort by taking their second hardware wallet model to the next level. The combination of the sleek device with the feature-rich Ledger Live software creates a powerhouse for managing crypto assets. Having said that, not everything is completely polished on the Nano X. The UX for setting up the device requires a bit more thought, in my opinion, and the Bluetooth connectivity experience is far from smooth. All in all, I’d definitely use this device despite its downsides. Although not perfect, it still wins the battle against all other competition. Have you tried the Ledger Nano X? Let me know what you think in the comment section below.

Ledger Nano X

$149
8.6

Design

9.1/10

Coin support

9.3/10

Usability

7.5/10

Price tag

8.5/10

Pros

  • Bluetooth connectivity
  • 5,500+ coins supported
  • Supports NFTs
  • Works on iOS and Android phones

Cons

  • Somewhat confusing UI
  • Pricier than other basic hardware wallets

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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38 comments on “Ledger Nano X”

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  1. Ledger à fait revenir sa production en France afin de produire avec meilleur qualité et pour plusieurs aspects de sécurité.
    Ils travaillent sur de nombreux projets comme avoir la totalité de ce que contient un portefeuille dans un Ledger de manière sécurisé comme la carte d’identité, permis de conduire, moyens de paiement, préservatif, résultats médicaux, test VIH positif etc.
    Et travaille aussi sur d’autres projets plus secret bien sûr, comme un Ledger étanche à l’eau et au sable qui résiste au passage d’une voiture, à une température de 1200°c pendant 4 heures et fonctionne avec une batterie nucléaire qui sortira prochainement, d’une durée de 18000 années sans rechargement etc.
    Une levée de fond pour une nouvelle section R&D avec un ticket d’entré à 100 000$.
    La sortie d’un jeton Ledger en prévente qui sera utilisé par le états leurs administrations et les banques afin de sécurisé les données et les transactions bancaires mais j’ai déjà trop parlé.

  2. Igor Romashchenko

    Can i use ledger nano s plus with my iphone thru ordering separately adepter from type c to lighting connections.

  3. Robbie Mintz

    Are there recurring charges for any of these “hard” wallets, or is it a 1-time purchase?

  4. Ive never read a more bias’d obviously sponsored piece.. These devices are absolute Chinese Christmas cracker quality.. The tech is good the delivery of the product is far from satisfactory.. Mine came scratched and warped and battery life is shocking, literally drains in front of your eyes. The company need to wake up and produce the dream they are selling… these devices are currently trash

    1. I think your comment is what is biased

      I have a number of the Nano X’s, all work perfectly, all came sealed and with plastic covers on the screens for extra protection

      Ledger devices have 2 chips internally, to ensure the authentication cannot be overridden through a chip compromise, that is better than Trezor with it’s one chip design.

      However, Trezor has fully opened up its opensource code for review, Ledger has opened up most of it’s opensource code but certain aspects it has not opened for review. This is very good of Trezor imo.

      Ledger live is very good, the latest firmware also totally revamped the Bluetooth which some people said was not as stable as it should have been.

      Ledger are continually moving forward and accelerating their coin/token support on Ledger hardware.

      Certain coins I wish would get supported quicker but Ledger seem to focus first on what the current market trend is (NFT’s for example)

    2. My son purchased two of these Ledgers one for each of us. Unfamiliar with how to set it up and operate the software I decided to wait until a friend could assist me and so it was around a month or so before I could start using my Ledger. My son had not at that stage used his. Mine had a software (firmware) problem and so I complained to Ledger. There upon commenced a lengthy to and fro of emails to Ledger and always dealing with a Christian named person in, I think, France. They consider the $250 sale worth hanging onto regardless of any negative customer satisfaction, claiming because the fault was not raised within two weeks, it’s my problem. They do NOT market their product within Australia in accordance with Australia’s Fair Trading rules and so you should beware. We now believe there is more security using Coinspot or some other operator who are actively engaged in making their service more secure than we could possibly hope to achieve on a Ledger. My advise is to keep away from thinking you can store your records on Ledger safely or have the quality of service we have in Australian fair trading laws. When you buy a Ledger, best of luck! Anyone wishing to buy mine?

      1. How much time it took to be shipped to Australia..were there any custome duties or other tax to be paid..

    3. Received mine today and transferred my ETH from Coinbase effortlessly. The device came packaged nicely. The UI is a bit outdated looking, but it is simple to use and serves the purpose for which i bought it.

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