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.
Ledger Nano X in the test: Understandable menus
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.
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.
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.
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.