Ledger Wallet Nano Review 2020

As the French company for Block chain technology, Ledger, in the year 2014 by a close team of eight cryptography- and security experts was established, no one could have foreseen, Ledger that less than five years later 130 Employees and over 1,5 Million units of its unique hardware wallets to sell would be one of the biggest success stories of the block chain industry.

How many will remember, is the year 2014 anchored investors crypto in the minds of over a year, where the notorious hack in the history of the block chain industry took place, specifically on the
Mt. Gox exchange. More than 744.000 Bitcoins were lost, so that 2014 was a defining year for the security of digital assets.

Ledger was founded on the principle, provide secure storage for private keys of crypto asset values, to limit further financial losses, and brought first two hardware wallet products to market: the flagship Ledger Nano S and the larger, expensive Blue Ledger, the its own touch screen interface features.

What is the Ledger Nano S?

The Ledger Nano S is an elegant and stylish device the size of a conventional USB flash drives and weighing only 16,2 gram.

Based on the success of the ledger Nano S, there is now a new product of the ledger teams, which offers the most advanced to date security architecture Ledger and greater user mobility than its popular predecessor - ledger Nano X with Bluetooth.

The new model Nano X of Ledger offers the absolute best technology for cryptocurrency memory- and -transferlösungen, the functions were taken over by the two models Ledger Blue and Nano S.

Comparison of the ledger Nano X

We compare the latest technology of Ledger with other leading hardware Wallets, to investigate, how well the ledger Nano X relative to its peers suggests.

	Dimensions (mm)	Weight (g)	Drums	Chip Typ	plug	price
Ledger Nano S	56.9 x 17.4 x 9.1	16	None	ST31H320 (secure) + STM32F042	USB Type-C	~50 €
Ledger Nano X	72 x 18.6 x 11.75	34	100mAh	ST33J2M0 (secure) + STM32WB5	USB Type-C + Bluetooth	~95 €

Yes, the Ledger Nano X has its own battery

Especially in contrast to the Ledger Nano S, that only works, when connected to a computer, has the Ledger Nano X now get their own battery, so it can be used wirelessly and on the go, which also allows for a bigger and better screen than its predecessor.

How safe is the Ledger Nano X?

While the Bluetooth functionality is undoubtedly a boon for the connection options, it has caused some criticism from some cryptocurrency users, who see Bluetooth integration as a potential attack vector and a exploitable feature of the new hardware wallet, which they believe could endanger the security of users' funds.

The Nano X implements a state-of-the-art Bluetooth protocol, that relies on authentication pairing and uses AES-based encryption methods.
When transactions take place via Bluetooth, users can double-check the exact transaction details and approve the transaction manually by pressing the buttons on their Nano X device.
Because the security concerns are resolved, the Bluetooth capability of the new battery-powered ledger has the potential, to change the way, how users use their Ledger Nano X to transfer crypto funds through the Ledger Live mobile application.

Which cryptos are supported by the Ledger Nano X??

The list of coins supported by Ledger Nano X is very extensive. She supports over 1100 digital values, including important coins like Bitcoin, Bitcoin Cash, Ripple, Ethereum, Litecoin, Dogecoin and all ERC20 coins. Ledger Nano X can be up to 100 Save coins at the same time. Notice, that this limit depending on the wallets, that you install, can vary. For example, standalone applications like Bitcoin can take up more space.

The previous model Ledger Nano S can be up to 22 Save coins, but the storage capacity of Nano X is quite satisfactory.

Important coins can be sent and received directly from the official Ledger Live app. Below is a list of the coins supported by the Ledger Nano X:

Currency (XMR)
Bitcoin (BTC)
Bitcoin Cash (BCH)
Bitcoin gold (BTG)
Ethereum (ETH)
Ethereum Classic (ETC)
Litecoin (LTC)

Dogecoin (DOGE)
Peercoin (PPC)
Zcash (ZEC)
Ripple (XRP)
Dash
EOS
Stellar (XLM)
Tether (USDT)
Tron (TRX)

Difference between Ledger Nano X and Nano S

In terms of security, both devices are the same, the only notable differences are the wireless connection, the expanded storage capacity, the large display and the beautiful design.

Ledger Nano X

that. €125

next-generation hardware wallet
weight 34g
100mAh-batteries
more memory - up to 100 coins
Bluetooth or wired connection
Large screen and overall size
The price is high - best for professional traders

Ledger Nano X

Ledger Nano S

that. €62

Popular wallet
weight 16.2 g
no battery
less memory - up to 22 coins
Wired connection
small
Competitively priced - best for inexperienced traders

Ledger Nano S

Which one should you buy?: Ledger Nano X oder S?

If you want to know more, read the Review of the Ledger Nano S.
If you like quality things, then Ledger Nano X is the right choice for you. Nano X is a perfect solution for professional traders, because you can use it on the go. You don't have to carry a USB cable with you, when you're on the go. Simply put this device in your pocket, connect it to your smartphone via Bluetooth if necessary and start your business.

Who should buy a hardware wallet??

Everyone, who owns digital assets, can buy a hardware wallet, to keep them safe. These devices can also be used as U2F keys for two-factor authentication.

What is the Ledger Nano X?

It is a small electronic device, that has the ability, digital currencies like Bitcoin, Litecoin, Ripple, Store Ethereum and the like safely in a safe room. A device, that serves such purposes, is called the hardware wallet for cryptocurrencies.

What is Ledger Live?

Ledger Live is an official application for Ledger hardware wallets, to access and send or receive stored coins. The application is for desktop- and smartphones available.

Can I use Nano X on multiple computers??

And, You can use it on as many devices as you want. Simply install and configure the official Ledger Live application.

What is, if I lost my Nano X?

When that happens, then you can have a new hardware wallet, to restore your wallets. At the time of setting up this unit, She one 24 Word comprehensive recovery seed, which can be used to restore wallet accounts; if the device is lost.