Ledger Nano X Review: Is It Worth Buying This Upgrade? - YouTube

Well, it's finally here.

The Ledger Nano X.

In this video, we'll be looking at the security design,

the hardware,

the app compatibility,

and the mobility of taking up your crypto on the go

to determine if the Ledger Nano X is worth it.

At the end of the day,

the reason why we're buying one of these is because of security.

So say if you accidentally clicked an attachment

that a mischievous co-worker sent to you

or maybe clicked on a web link that a stranger sent you by email

your computer could be compromised and hackers can steal information from there.

And if that information happens to be your private key

that means the hacker has access to all your crypto and can steal all of it.

With a hardware wallet like this

even if a hacker gains access to your computer

they still can't reach and read the information here.

They can't access your private key,

and this is why people are willing to pay money for an extra device like this.

That's it, though.

There are many options out there like the Trezor or the KeepKey.

And for this review, we'll be keeping these options in mind.

So starting off with security,

the Ledger Nano X has two separate chips to protect you.

At its heart, it's got the STM32WB55 chip.

It's kind of like a very, very low-end processor.

The reason why it's low-end is because it's more secure.

It's harder to hack because it has less features.

At the most secure part of the device is another chip.

It's called a secure element,

and secure elements are used widely in the banking sector

and even passports and such.

The function of this chip is it stores our cryptocurrency keys,

and it never leaves this chip area.

Now the big question is can we put it back?

Oh my god, it still works [laughter].

So with these two chips,

you can rest assured that this is the best amount of security that money can buy

on these hardware devices.

Now there is a question of course about Bluetooth

because having Bluetooth communications means

that signals can be sent over radio communications.

The good news is there are two parts

one is that the Bluetooth on this device is always assumed to be compromised,

so we'll never really send anything other than just pure transaction information

and hackers cannot take over the device by Bluetooth.

So now hardware design.

So in terms of interacting with the device, you have two buttons.

So this is the left and right button,

and it's used to do all the inputs on the device.

In terms of just touch and feel

these buttons are relatively large and they're easy to press.

I think this is an upgrade from the side buttons

that we have on the Ledger Nano S,

which is on the side

and it's a little bit kind of smaller and a little bit more awkward.

Now in terms of two button input,

I do have to say it's not as convenient as say a touchscreen.

In terms of other specs,

it now has a larger screen

which displays the entirety of a transaction which is much needed.

The Ledger Nano S,

it would have to scroll through the transaction

which takes much longer to verify if the address is correct.

It also uses the modern USB Type-C interface.

The next part is what makes Ledger kind of stand out in the space,

which is how many different coins it supports.

So before buying you can definitely check out the list of what is supported.

So just look for Ledger Nano X

and pretty much every single coin that is supported by the Ledger Nano S

is also supported on the Ledger Nano X as well.

The list is pretty huge,

so you probably want to search it with Ctrl F

to see if your favorite coin is there as well.

So one of the complaints of the Ledger Nano S,

which is the smaller version of this,

is a limited number of apps it can install.

Now with the new Ledger Nano X,

I seriously did this guys,

I installed every single coin there is on here and I counted it's 73 coins.

I did them and it took me almost 40 minutes.

Like two snack breaks one toilet break after.

Yes, I installed everything without running into a memory limit,

so that's that's a worry you don't have to care about

on the Ledger Nano X.

And it's probably one of the primary reasons why I would buy this

is because I do have like quite a few coins

and I don't like installing and uninstalling to just save up on space.

Alright, lastly we want to talk about mobility.

So the mobile app.

So I got the Ledger Live app on my phone right here,

and the screen is broadcasted here,

and here is what we see on the device as well.

So I did my best to show you guys what's happening.

So you can connect the device,

the Ledger Nano X,

but in terms of usage, it's pretty much exactly the same as the desktop app.

So once accounts are added,

for example, Ethereum I just added my CollectERC1155 address,

it's pretty simple

we can actually see the history and accounts and use as normal.

So in terms of actually sending cryptocurrencies on the go,

the application itself is very clean and easy to use,

but there is one extra step.

So let's just say I want to select and send from my account.

Scan with the QR code.

I scanned it.

I'm ready to send maybe one ETH to my-- 0.1 ETH to myself.

Now once I'm at this interface,

I need to confirm it on the actual Nano X as well,

so after synchronizing it I need to really make sure that this device is now unlocked.

Also, please don't have a pin that's 1 2 3 4.

That's not really smart.

So now it will show up on the device.

Review the transaction.

It'll show the amount and final address to send it,

and then I can send it and confirm it on the device.

So it is an extra step

and this is something that I was kind of saying

that on the go if you're buying just coffee

or sending very, very small amounts of Ethereum

you probably don't really want to go through the process

of verifying it on the separate device over here.

Quite frankly speaking,

I can find very few reasons where I actually really need to take

a large amount of cryptocurrencies on the go with me.

Especially a full Ledger's worth of crypto.

That's not really safe.

I mean, depending on how safe your city is

someone might just kind of rob you at gunpoint

and point a gun to your head and ask you do send them your crypto.

That's one of the risks

of carrying such a large amount of cryptocurrencies around.

So in that sense, I think the ledger mobility feature is

more reserved for sometimes at home

or even just kind of knowing it's there.

It's not a game breaker for me at the very least.

So what's the final verdict when it comes to the Ledger Nano X,

or are you better off just buying the Ledger Nano S,

which is a little bit cheaper at $59 dollars.

So personally for me, this really depends on what you use it for.

For me, the deal breaker is being able to install

as many apps as I want onto this device.

So I literally tried the 73 apps.

Still, it has still more memory for more,

which means that I don't have to

shift coins in and out via the install/uninstall process.

Now in terms of security,

they're both exactly the same type of security.

Basically, both of them have secure elements.

So if you don't need those extra features

if you don't need mobile support

if you don't mind having a smaller screen

the cheaper option is definitely good.

At the end of the day,

I don't mind paying a little bit extra for a more premium device.

In terms of rating,

I give it a 5 out of 5 for security

because it has two chips, and, more importantly, the secure element,

and Ledger has a reputation of being able to configure these properly.

In terms of multi-currency support,

I also give it a 5 out of 5.

Hardware design, because of these two buttons

I still feel like maybe they could add a little bit extra

especially if you're typing in long characters

or restoring the device

it's just a little bit annoying to just only use two buttons here.

So those are my thoughts.

So at the end, the conclusion is a 4.4 out of 5 for my Ledger Nano X review,

and if you guys have any questions, any comments, and even set up procedures,

go leave a comment down below.

I'll try to answer them as much as possible.

I also have a full review, a written review, on my website boxmining.com.

I'm going to leave that on a comment section down there as well,

because that will have kind of a lot more written in detail

on top of what I explained on this video.

On top of that,

if you guys want to support this channel

and purchase either a Ledger Nano S

or a Ledger Nano X, there's a link down below.

And purchasing it with that link does help support this channel as well.

And if your friends are getting into crypto send them this video.

Share it.

Because, at the end of the day,

for them to have very good knowledge about how to use one of these

and set these up it's absolutely important

because then they won't lose sleep at night knowing that their crypto is safe.

And there you go.

That's the Ledger Nano X review.

Thank you guys so much for watching.

See you next time.