There is something Ledger has not told us and I am ready to tell you.
Will you believe that a man went crazy after being charged $517 for a $1300 bitcoin transaction via the Ledger wallet? Don’t just take my word for it. This is how it went.
What is so special about the new ledger Nano X?
Absolutely nothing ONLY that you are yet to use some of the new features. I mean, none of the old 4 hacker’s hardware wallets had Bluetooth compatibility.
The new ledger Nano X has come to terms with making life easier with a Bluetooth option. Excitedly already? You need NOT to be because it is not free. It will cost you $140.53 only. 😉
More than that, if you pre-order the wallet now, it will take another 3 months to get it – in March. See the Pre-Order detail.
Wait for a minute. I’m I sounding too hard on Ledger?
I guess I don’t want to paint a beautiful picture just to get you disappointed at the end of the day, so, let me just get it straight with them.
- 1 WHY YOU NEED THE NEW LEDGER NANO X
- 1.1 #1. Upgraded Security Option
- 1.2 #2. Mobility Options
- 1.3 #3. Multicurrency
- 1.4 OUT OF THE BOX
- 1.5 WHAT LEDGER DID NOT TELL US
- 1.6 #1. The Ledger Nano X Can’t Operate On Its Own
- 1.7 #2. The Ledger Nano X has a 100mah Battery
- 1.8 #3. Will they Discontinue Support for the Ledger Nano S?
- 1.9 Final Thoughts
WHY YOU DON’T NEED THE NEW LEDGER NANO X
But there is a twist about the new ledger Nano X. This is it. You do not need the new ledger Nano X if you don’t have the need to.
Before you get the new ledger, weigh your options such that the old one is not okay, and if you were using a good online wallet, you are 100% okay to get the new ledger Nano X. Why?
The new Ledger X has less of a difference. Let’s see as we go on.
WHY YOU NEED THE NEW LEDGER NANO X
#1. Upgraded Security Option
The new ledger Nano X offers you an upgraded level of security options.
What happens with the new ledger X is that just like the chip used in highly secure applications such as credit cards and passports, your private keys will be safely isolated inside the device’s certified secure element using the CC EAL5+.
Since there is a CC EAL5+ chip cover, then there is need for it.
#2. Mobility Options
The new ledger Nano X comes with a mobility option in form of Bluetooth. The advantage of the upgraded tool is that all Bluetooth communications are encrypted end-to-end to protect against any security threat.
This is why it is more interesting.
Your private keys never leave the secure chip, therefore Bluetooth communication (BLE) does not expose the Ledger Nano X to any additional security threat.
More so, the BLE connection is end-to-end encrypted to protect user privacy.
Let’s say, in an unlikely case, the BLE transport were to be compromised, an attacker would never be able to extract private keys or make users sign a transaction they do not wish to sign.
How to use the ledger Nano X Bluetooth
First of all, there is nothing so special about the Bluetooth. The open option here is that the Bluetooth is just working as a USB.
What you need to do is to connect the Ledger hardware to your smartphone with the Ledger Live Mobile app.
Just to add to the list, the new ledger has up to 100 already pre-installed apps. The best line is saying, you can use it right away (plug-&-play).
Another reason you might want to go for the new ledger x is the option of managing more assets.
With the new ledger hardware, you can manage up to 1100+ assets at your disposal.
OUT OF THE BOX
Like the old ledger, the new ledger comes with 4 gadgets when it is unboxed.
♣ 1 hardware wallet
♣ 1 USB cable
♣1 getting started leaflet
♣ 1 recovery sheet
WHAT LEDGER DID NOT TELL US
#1. The Ledger Nano X Can’t Operate On Its Own
In case you think it is an automated trading tool like CB, then you are mistaken. Okay.
The Ledger Nano X requires either a desktop computer (at least 64-bit Windows 8, macOS 10.8 or 64-bit Linux) for it to work.
Also, you can use a smartphone (at least iOS 9 or Android 5) to install apps, to add accounts, to check account balances and to manage secure transactions.
#2. The Ledger Nano X has a 100mah Battery
I know it is not a smartphone which requires a daily usage, meaning there is probably no need for the hardware wallet to come with a 4,000 mah Battery, right?
In that case, the new Ledger Nano X has a 100 mAh battery.
In a normal usage time-frame by specs, it will be able to last several hours in use and a few months when idle on a full charge.
The battery can be easily be recharged by connecting the USB-C port to the USB port of a laptop or desktop computer with the cable that’s included.
#3. Will they Discontinue Support for the Ledger Nano S?
In case you are wondering if Ledger will discontinue support for the Nano S, the answer is that even though the Nano X is much more an extension than a replacement, Ledger will continue to provide support for the Nano S.
This is a guide on how to pre-order all Ledger wallets from the company.
How to get help?
Competitions bring the best out of every startup and product. (Trezor wallet are more like below)
Competition unchained: Do you think Square will have to opt their game before XRP clears them out in terms of turbo payment processing? Wait for a second.
Is that the reason they finally unbanned GAB? Another discussion for another day.
Coming back to the new ledger Nano X.
I wouldn’t go for the new ledger based on the fact that the old one was sleek and portable.
But for the fact that it has modern mobile options (Bluetooth), 1100+ assets to manage, advanced chips featuring CC EAL5+ and lastly, more app integrations, then, I can go for it.
The ultimate reason is that the Secure Element chip in the Ledger Nano X (ST33) is more powerful than the one in the Ledger Nano S (ST31).
The Ledger Nano X is a bit more responsive compared to the Ledger Nano S, even if its performance is generally comparable.
Alright, that is all you have to know about the New Ledger Nano X.