Ledger has gained a reputation for crafting exceptionally secure cryptocurrency hardware wallets. Ledger Nano X This newly released model is already available for purchase, with deliveries starting around the end of May.
The latest iteration of the Ledger Nano X introduces innovative features like Bluetooth connectivity, an internal battery, and enhanced space for additional applications. Nano S Just like other hardware wallets from Ledger, the Nano X provides robust security, making it ideal for safeguarding private keys and engaging with wallets and decentralized applications.
This device allows you to install up to 100 applications at once, eliminating the need to make tough choices. It supports over 1,100 different assets, with more being added regularly.
Multicurrency Support
To explore the complete inventory of supported assets, visit Ledger's website via their Supported Crypto Assets page. You can search for specific assets, see which devices back them, and stay updated with the latest additions.
A key highlight of the Ledger Nano X is its cutting-edge security, which Ledger stands by confidently. The security framework is robust, backed by glowing reviews and proven specs from prior models.
Ledger Nano Security
The introduction of Bluetooth in the Nano X has invited scrutiny regarding security, but Ledger has implemented stringent measures to keep the connection secure and encrypted.
Even if an unlikely breach occurs through Bluetooth, the Secure Element acts as a safeguard, requesting user permission before any transaction is executed. Sensitive information such as private keys remains locked within the Nano X.
Bluetooth on this hardware wallet operates on a sophisticated protocol that ensures pairing authentication through numeric comparisons and confidentiality via AES encryption.
Should Bluetooth functionalities not sit right with you, it's possible to disable it and continue operations through a USB-C connection.
The architecture of the Nano X has evolved from the Nano S, incorporating a dual-chip setup: a sophisticated Secure Element alongside dual-core MCUs supporting wireless connections.
Nano X Architecture & Security Impact
The Secure Element serves as an intermediary, with the MCU overseeing the connections to desktops or smartphones while managing crucial information display.
This setup reinforces security, managing private keys, seeds, and the cryptographic processes that secure cryptocurrencies.
Despite the security assurances, many are curious about the impact of Bluetooth on the Ledger Nano X's security. The device uses Bluetooth Low Energy (BLE), with only public data traversing over Bluetooth.
Bluetooth Capabilities
In the event of a compromise, be it on your computer, phone, or the Bluetooth link, the Secure Element demands you to authorize transactions. The Nano X screen perpetually displays real transaction details, withholding transaction signatures without your consent.
Ledger Nano X employs a refined Bluetooth protocol. This dual-phase protocol includes key exchanges on the BLE channel, with both devices generating random keys.
Post user-approval, the devices engage in an Elliptic Curve Diffie Hellman key exchange to establish mutual trust. The protocol features configurations to thwart common Man-in-the-Middle Attacks on BLE.
The cutting-edge security setup leverages Numeric Comparison. Both devices reveal a numeric code upon generating a common secret, asking users to verify its consistency. This code is resistant to downgrade or collision due to AES-CMAC computation from public keys and random nonces. Subsequently, Ledger Nano X and the smartphone secure AES-encrypted channels post key exchange.
BLE stack integration is handled through the ST stack, with Ledger Donjon's security team assessing it against current threats.
The mobile nature of Ledger Nano X sets it apart from similar crypto hardware wallets. Thanks to Bluetooth and the Ledger Live mobile app, you can effortlessly manage cryptocurrencies anywhere without needing a computer.
True Mobility
It's crucial to remember that the Nano X requires connection to a smartphone or desktop to download applications, manage accounts, inspect balances, or conduct secure transactions.
An important feature of the Ledger Nano X is its 100 mAh battery. It facilitates long use hours or months of idle standby when fully charged. While non-replaceable, it's recharged effortlessly via USB-C and its provided cable.
Ledger Live is essential for utilizing Ledger Nano X and similar devices. This app simplifies wallet usage and centralizes account access on both mobile and desktop platforms.
Ledger Live App
With Ledger Live, transferring crypto assets is straightforward, supported by step-by-step guidance that's visually intuitive.
You can monitor your crypto portfolio index using real-time rates, independent of connection status to the Nano X. Ledger Live also facilitates customizable app installations or removals, maintaining application safety, even when offloading apps.
Ledger Live is easy to get started with through straightforward guidance, swift setup, and an authenticity verification of the device. Users can modify apps or currencies and manage the leftover space in their Nano X.
For account management, Ledger Live facilitates unlimited multi-currency accounts, complete with detailed transaction histories and personalized settings for every account. You can access a comprehensive account view, manage assets globally, utilize smart filters, and enjoy intuitive fund transactions with step-by-step guides and custom fee support.
Within the packaging are comprehensive setup instructions for smooth onboarding. Experienced Nano users will find this process refreshingly familiar.
What’s in the Box?
- 1 hardware wallet
- 1 USB cable
- 1 getting started leaflet
- 3 recovery sheets
- 1 keychain strap
How to Setup the Ledger Nano X
You'll also find cards for jotting down recovery seed words. These serve as your backup should you ever need to recover your device.
To get started, you need a compatible device with iOS 9, Android 7, or PC software on Windows 8 (64-bit), macOS 10.8, or Linux.
Once set, follow these steps: Press the button beside the USB port until the Ledger logo appears to power on the device. Ledger Live App Follow the on-screen prompts, using the right button to advance or the left to reverse.
Press both buttons to confirm when the screen shows 'Set up as new device'.
- Choose a PIN code to set the device's lock:
- Press both buttons once 'Choose PIN code' is shown on the screen.
- Scroll with the left or right button to select digit, confirming each using both buttons.
Re-enter the PIN to confirm it.
- Next, write down your 24-word recovery phrase. Be cautious, this will display only once.
- Use the blank Recovery sheet provided.
- Upon seeing 'Write down your recovery phrase', press both buttons.
Record 'word #1' on the Recovery sheet, confirming its accuracy in position 1. Press right to progress to the next word.
- Continue this process until 'Word #24' is documented in position 24. To proceed, press both buttons.
- When asked to 'Confirm your recovery phrase', press both buttons.
- Choose the first word from your Recovery sheet using left or right to navigate, confirming with both buttons. Repeat for all 24 words in your phrase.
- 'Your device is ready' signifies successful setup completion, after which you can press both buttons to 'Access Dashboard' and enter the Dashboard.
- The Ledger Nano X's display offers twice the resolution of the Nano S, with 128x64 pixels. This larger screen makes address and transaction verification simpler and more clear.
- Ledger Nano X 2023 Review: An In-Depth Look at the State-of-the-Art Hardware Wallet
- After thoroughly examining the latest Ledger Nano X Hardware Wallet, dive into our comprehensive assessment to uncover all the essential details.
Technical Specs of The Ledger Nano X
Ledger Nano X 2023 Review: A Deep Dive into the New Hardware Wallet
Renowned for crafting ultra-secure cryptocurrency hardware wallets, Ledger continues its legacy.
This device represents the latest evolution, now available for pre-order with deliveries anticipated by the end of May.
- Introducing fresh enhancements beyond its predecessor, the Ledger Nano X now features Bluetooth connectivity, a rechargeable battery, and expanded space for more applications.
- Just like other Ledger hardware wallets, Nano X provides exceptional security, making it a reliable companion for safeguarding private keys and engaging with wallets and decentralized apps.
- With the capacity to hold up to 100 applications at once, you won't need to make tough choices. It supports over 1,100 assets, with new additions monthly.
- You can access the complete list of supported assets on the Ledger site under their Supported Crypto Assets section. Here, you can search for a specific asset to see if it is supported and check which devices, including Nano X, accommodate it. You can also view Ledger's roadmap for future asset support right here.
How Do You Restore Your Ledger Nano X?
A major highlight of the Ledger Nano X is its cutting-edge security. Claimed to employ a robust security model, Ledger's stellar reputation and previous wallet specs lend credence to this assertion.
The inclusion of Bluetooth in the Nano X raises some safety concerns; however, Ledger has meticulously addressed these by implementing key security measures. The Bluetooth connection stays encrypted, ensuring you reap its benefits without security fears.
In the unlikely scenario of Bluetooth hacking, the Secure Element steps in to protect your crypto, seeking your explicit consent before any action. Importantly, only public information travels via Bluetooth—your seed and private keys stay safely tucked in the Nano X.
Ledger Nano X vs Ledger Nano S?
The Ledger Nano S The Bluetooth feature in this hardware wallet follows an advanced protocol ensuring authentication through numeric pairing. Additional confidentiality is maintained via AES encryption.
Conclusion
For those wary of Bluetooth on the Ledger Nano X, you have the option to disable it and, instead, use a USB-C cable for connectivity.
The Nano X architecture differs slightly from the Nano S model, incorporating two chips—the state-of-the-art Secure Element and dual-core MCUs with wireless support.
The Secure Element acts as a go-between, as the MCU takes control of desktop or smartphone connections. The Smart Element manages screen visuals for essential information and user input.
Ledger Nano X
Pros
- Bluetooth Connectivity
- Excellent Reputation
- Supports Lots of Cryptos
- Good Construction
- Ledger Live App
Cons
- Setup can be a little confusing
