Ledger Nano X Crypto Wallet remains one of the most fully-fledged, flexible, and yet secure hardware wallets for storing your crypto. Two technologies are integral in ensuring the resilience and security of the Ledger Nano X wallet. These two include a certification from the CC EAL5+ Certified Secure Element (SE) chip, and a personalized OS (BOLOS). Both of these are significant when evaluating the security of the wallet.
Ledger Nano X is a Cold Wallet
Meanwhile, note that Ledger Nano X is a premium cold wallet. Cold wallets are storage devices without any connection to the internet. Hence making them safe, secure, and not vulnerable to penetration. Remember that a cold wallet will also store the user’s private keys offline on the device. This means your crypto is safe unless you lose the device itself. And an unauthorized party will only access your digital asset if they have the private key. Which is a hard thing to get even while in possession of the asset. The Ledger Nano S is a cheaper alternative to the Ledger Nano X wallet with fewer features. This makes the Ledger Nano X offer a broad range of features and the ability to store and manage a diverse portfolio of digital assets.
HOLDers and Beginners
Nano X target audience is a segment of cryptocurrency investors who prefer holding their assets for the long term. The crypto community calls them HOLDers. Again, the wallet is easy to use and has a nice interface; therefore making it ideal and user-friendly to crypto entrants. The cost of Ledger Nano X is $119. As a business, you’d consider purchasing the three-pack at a cost of $299. However, we find the three-pack unfavorable for the individual user, hence placing the cost at $119. Other alternatives to Nano X within its competition spectrum include Model T. Trezor came up with Model T back in 2014. On the other hand, we have the Nano S which is as secure as Nano X but lacks the network capabilities of the latter.
The straightforwardness of the wallet makes it relatively simple to use. You only have to switch it on or off. While the navigation menu has only left and right menus. However, you could find yourself wishing for a more diverse navigation menu due to the selection of a choice and retreating back to the other menu. Users need to connect the hardware wallet to Ledger Live Desktop through a USB-A or USB-C cable. Bluetooth is also another possible interconnection alternative. Once they have connected the offline wallet with the live client, they can afterward manage their crypto portfolio.