Ledger Nano X in the test: The hardware wallet for professionals

Hardware wallets are primarily intended to keep crypto assets safe. For crypto traders, however, the coin wallets have to offer much more. In terms of functionality, the Ledger Nano X is convincing, because the device offers the possibility of lending coins for interest – virtually without third-party providers. You can find out what else the wallet can do in the test.

The best Nvidia graphics cards

GeForce RTX 3080 Ti SUPRIM X 12GB GDDR6X




MSI

GeForce RTX 3080 Ti SUPRIM X 12GB GDDR6X

GeForce RTX 3080 Ti Gaming AMP Holo 12GB GDDR6X


Zotac

GeForce RTX 3090 SUPRIM X 24GB GDDR6X


MSI

GeForce RTX 3080 AMP Holo


Zotac

GeForce RTX 3080 AMP Holo

GeForce RTX 3070 Ti AMP Holo


Zotac

GeForce RTX 3070 Ti AMP Holo

GeForce RTX 3070 AMP Holo 8GB GDDR6


Zotac

GeForce RTX 3060 Ti AMP White Edition


Zotac

GeForce RTX 3060 Ti AMP White Edition

GeForce RTX 3050 Twin Edge


Zotac

Complete list: The best Nvidia graphics cards

Ledger Nano X in the test: Understandable menus

When setting up the Ledger Nano X, I like that German is spoken. The installation assistant and the control software support the German language. Many other wallets like the SecuX W20 are only available in English. To get the Nano X going, the user must first download and install the installation software, then connect the wallet to the PC or laptop via a USB-C cable. Once that’s done, the real fun can begin. An installation wizard guides the user through the setup with rudimentary prompts on the mini display. The seed phrase for restoring the wallet is generated. And that is the most annoying part of setting up the ledger: the user has to confirm every single word manually with the buttons on the device. That takes ages and is stressful because mistakes have to be avoided. The consequence would be to repeat the procedure.
Ledger Nano X: The hardware wallet for professionals The Ledger Nano X can be connected to a cell phone via Bluetooth.

The Ledger Nano X connects to the cell phone via Bluetooth.

Many accounts, many coins

Now comes the fun part: creating the accounts. The Ledger Live software can be used to open accounts in which coins (and matching tokens) can be safely stored. These accounts have assigned numbers that work like addresses – quasi crypto IBANs. Strong: With the test winner Ledger Nano X, up to 100 accounts can exist in parallel. That’s very okay, the SecuX W20, for example, manages 500. Ledger supports several thousand different coins and is therefore ideal for traders.

Ledger Nano X: The hardware wallet for professionals

The Ledger Nano X (below) has a current USB-C port. Unfortunately, this is not a standard for hardware wallets.

PIN must be

Wallets are protected by selectable PIN codes of up to eight characters. If a thief steals a wallet, they can’t do anything with it. After a certain number of incorrectly entered codes, the wallet is deleted and must be restored.

Lend coins, collect interest

Sending and receiving currencies is not a problem. Even buying currencies via the manufacturer’s software is not possible if you can make friends with third-party providers. Speaking of which: The wallet allows professional functions such as staking without the help of third parties. No other wallet can do that, even if the interest rates for staking are not particularly high.

Ledger Nano X: The hardware wallet for professionals The Ledger Live software is the control center.  Here users get an overview of their account and can carry out various actions.

The Ledger Live software is the control center. Here users get an overview of their account and can carry out various actions.

Nice case and bluetooth

The Ledger Nano X convinces with a chic, high-quality housing made of glass-like plastic. The chic metal case also looks good. While the display isn’t particularly pretty, it does what it’s supposed to do – show rudimentary information. Good: If you want, you can control the crypto wallet with your cell phone via Bluetooth. The app looks good and works as self-explanatory as the PC version.

ledgers

Nano X Hardware Wallet Black/Silver

  • Significant
  • Accessible user platform
  • high price
  • Clumsy seed phrase setup

Ledger Nano X in the test: the conclusion

The setup works easily and intuitively, the German descriptions help here. The Nano X feels valuable and can be used on mobile devices thanks to Bluetooth. The Ledger was also ahead in the test when it came to the software, because Ledger Live allows coins to be lent without other trading platforms.

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments