Review on Ledger Nano X by David Olayide
The Ledger Nano X With New Bluetooth Features
Hardware based wallets are not as popular as the software or internet based ones. From my own experience, I can say that hardware wallets are better when it comes to a matter of security. It is true however, that internet based wallets with mobile applications are easier to use and carry about comfortably, but it is not the safest option. The Ledger Nano X hardware crypto wallet is built in such a way that your private keys are stored offline and have no interaction with the internet.
That makes it very secure for one. You can actually compare the wallet device to a credit card or even your passport, because it has some security features that you can find on credit cards. The wallet makes use of chips for its security. The Nano X is a little different from other hardware wallets because of its Bluetooth feature. The device is Bluetooth enabled and this means you can access the wallet with your mobile phones instead of just being limited to laptops and desktop computers.
There is also an application from which you can control or monitor the wallet. I discovered that sometimes there can be delays. For instance the connection might have problems or you might have to wait a while before your wallet approves an action. A lot of coins and tokens are supported and these range from Bitcoin, Litecoin, Bitcoin Cash and, Ethereum, to Dash. In total, over 1000 digital assets are supported.
To buy the device you should be budgeting about 120 dollars which is on the high side. I have to say that if you are a small time trader, then this might not be the best wallet for you because of the price. All in all, I think it is a fine wallet and that Ledger really put efforts into making it better. The Bluetooth feature is one of the key attracting features. Always remember to write and store your private keys offline in case of loss of device. I always write mine down on paper using the traditional method which is much safer.
If you need a hardware wallet the Ledger Nano X is not a bad idea and big time crypto traders can use it.
Pros
- Very safe and secure
- Bluetooth feature
- It can host up to a 100 coins concurrently while supporting about 1000 digital assets
- It has a mobile app to pair
Cons
- Expensive to purchase
New products
Comments (1)
January 22, 2021
I also think hardware-based wallets like you are more secure, but I didn't have such a wallet. I decided to use this wallet after reading your article. It doesn't matter if it's expensive, because it deserves this money because of its safety.
