Crypto Currency

Ledger Nano X crypto wallet review: Improved in every way

Ledger Nano X $119 View Product The Good Wireless • Large screen • Supports a huge number of cryptocurrencies The Bad Pricey • Could be more intuitive The Bottom Line The Ledger Nano X is a great cryptocurrency hardware wallet. It fixes all the issues that its predecessor had, but does so at twice the…


Ledger Nano X
$119
View Product
The Good

Wireless • Large screen • Supports a huge number of cryptocurrencies

The Bad

Pricey • Could be more intuitive

The Bottom Line

The Ledger Nano X is a great cryptocurrency hardware wallet. It fixes all the issues that its predecessor had, but does so at twice the price — which is still alright if you’re serious about crypto.

⚡ Mashable Score4.0
😎 Cool Factor4.0
📘Learning Curve3.5
💪Performance4.5
💵 Bang for the Buck3.5

If you’re serious about cryptocurrency, one gadget that you simply must have is a hardware cryptocurrency wallet. One of the most popular such wallets is Ledger’s Nano S — a USB flash drive-sized, practical device that supports nearly every cryptocurrency you can think of. 

But the Nano S has been around for a couple of years, and its age is showing — it’s fairly slow and its memory is limited, meaning it only works with a couple (typically 3) of different cryptocurrencies at the same time. 

In January, Ledger announced a new hardware wallet, the Ledger Nano X. It’s a significant improvement over the Nano S in several key areas: It’s faster, has a bigger screen, it’s wireless, and it can support many more coins (up to 100) at the same time. 

At $119, the Nano X also significantly pricier than the $59 Nano S, and now I’ve had the chance to test a review unit out and see whether the price premium is worth it. 

SEE ALSO:Major U.S. retailers are now accepting Bitcoin and other cryptocurrency

First, a short introduction to hardware cryptocurrency wallets. They are hardware devices which keep your crypto private keys and let you securely access your cryptocoins with a PIN. By requiring actual interaction with the hardware at certain points, such as pressing a key or confirming that a cryptocurrency address is accurate on the screen, they add a much-needed layer of security over software wallets. 

Ledger's Ledger Live software works well both on the PC and the iPhone. It's available for all major platforms, including Android. macOS and Windows.

Ledger’s Ledger Live software works well both on the PC and the iPhone. It’s available for all major platforms, including Android. macOS and Windows.

Image: Stan Schroeder/Mashable

On the Ledger Nano X, your cryptocurrency private keys (which are long strings of symbols that let you spend your cryptocoins) are kept “isolated” in a “secure element” chip and none of the applications interacting with the Nano X never get to see them. Even if you plug the Nano X into a compromised PC, your private key should remain safe. 

Setting up

As is the case with most hardware wallets, setting up the Nano X for the first time takes a while, but the process is largely painless. The device is, again, USB thumb-like in size, though it is a little bigger than the Nano S. It comes with a very short set of instructions, three seed phrase cards, and a USB-C to USB-A c

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Crypto Currency

Learn how to invest in cryptocurrencies with this set of online classes

TL;DR: The Complete Cryptocurrency Investment bundle is on sale for £19.21 as of June 25, saving you 94% on list price. If we’re to believe every plot point from the movie The Social Network, Mark Zuckerberg allegedly stole the idea for Facebook from the Winklevoss twins and went on to become one of the youngest…

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Someone paid $2.6 million in fees to move $134 worth of crypto and oops

There are typos, and then there are typos.  Someone appears to have made a mistake this morning when transferring the cryptocurrency ether (ETH), the younger sibling to bitcoin, from one digital wallet to another. After all, when moving around $134 dollars worth of digital currency, it hardly seems like anyone would intentionally pay a $2.6…

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Someone appears to have made a mistake this morning when transferring the cryptocurrency ether (ETH), the younger sibling to bitcoin, from one digital wallet to another. After all, when moving around $134 dollars worth of digital currency, it hardly seems like anyone would intentionally pay a $2.6 million fee — and yet that’s exactly what happened. 

That’s right. Someone paid 10,668.73185 ETH, worth approximately $2.6 million at the time, to move 0.55 ETH from one wallet to another. The transaction, in all its painful glory, is visible on Etherscan — a tool for viewing and searching ETH transactions. 

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