Ledger Nano X - Best Overall Cryptocurrency Wallet

Why Ledger Nano X: We feature Ledger Nano X because it stores your Bitcoin private keys offline and facilitates offline transactions via Bluetooth. Ledger Nano is what we refer to as a cold wallet.

Overview

The ledger Nano S is a second-generation hardware wallet that resembles a USB drive, but with an OLED display. Developed by Ledger, a French technology company, Nano X is as secure as it is easy to use. It connects to your computer via a USB cable and the iOS/Android devices via Bluetooth and the Ledger Live app.

The hardware wallet currently supports Bitcoin and 1800+ other cryptocurrencies typically found on crypto exchanges. It encrypts the private keys for these digital assets and has a micro-SD card feature that you can use to further encrypt wallet data. Ledger Nano S is backed up with 24 seed phrases that you can use to recover your keys on another Nano S hardware wallet if the one you are currently using is lost or damaged. Ledger also supplies a mobile wallet (aka software wallet) so you can monitor your crypto assets’ performance for Bitcoin, Ethereum, and many more.

Pros

• Highly intuitive via the Ledger Live desktop and mobile app.
• Ledger Nano X is built on an open-sourced technology platform.
• Convenient as it integrates Bluetooth technology.
• Supports many digital currencies
• Best for beginners and advanced users

Cons

• One may consider its $119 price tag restrictive.
• Ledger’s company was recently hacked and user data was stolen.