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Ledger Nano X - Best Overall Cryptocurrency Wallet

Emily Jones
Emily Jones
September 14, 2021
1 min

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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.
Website:
Link
Country:
Worldwide
Transaction Fees:
0%
Currencies Available:
10+
Emily Jones

Emily Jones

Senior Researcher

Emily bought her first Bitcoin in 2011 and hasn't looked back yet. Emily leads the Evening Star crypto research team and has a wealth of knowledge about Bitcoin and the up-and-coming altcoins dominating the market.
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