Ledger Nano X. Keep your funds safe

Esteban Suárez

Ledger Nano X is a Hardware wallet created by the Ledger Company, founded in 2014 in France and has become one of the most reputable companies in the crypto field. Their website is https://www.ledger.com and they have sold more than 1 million hardware wallets so far, which shows the trust their customers have.

Brief introduction

In the field of cryptocurrencies and blockchain, the word wallet or crypto wallet is often mentioned. A wallet is nothing more than a set of characters generated from a private key that is created in the blockchain and guarantees you access to the funds and assets stored in it.

Wallets can be divided into two types. Cold Wallet or cold wallets that are those that are completely disconnected from the network, an example of hardware wallets such as Ledger Nano and hot wallets or hot wallets that are always connected to the internet, in this category we can mention wallets created by software.

Seguridad

Security

Cold wallets represent a secure method in which to store crypto assets, since being disconnected from the network prevents the danger of theft of funds.

Within the Hardware Wallets, one of the safest is the Ledger Nano X and among the advantages that we can mention are:

  1. They support more than 1100 digital assets.
  2. It can be managed using the Ledger Live app from your computer or android and Ios mobile device.
  3. It is very safe.
  4. It has an easy-to-use design even for new users.

When a person is seriously thinking of starting in the world of cryptocurrencies, it is highly recommended to use a Cold Wallet to manage their funds.

The Ledger Nano X is recommended for people who are thinking about their security.

Ledger Nano X is secure, in it you can add all the supported digital assets in the form of applications with which you can interact through Ledger Live and which are periodically updated.

Within the security layers that we find in the Ledger Nano X we find the following:

  1. Security hardware: Ledger devices have the ST31 CC EAL5+ and STM 32 security chips. Both chips are responsible for verifying the integrity of the firmware and preventing it from being tampered with. To receive EAL5+ certification, a series of high-level penetration tests have been passed
  2. Privacy: Through different security elements, only we will have access to the funds and private keys. In addition, by not depending on third parties, there is a high degree of privacy in the possession of assets and private keys.
  3. Measures against hacking: It has a screen and physical buttons to enter the credentials and thus be able to access the funds and private keys. Thanks to the protection chips that act as a shield, any malware on the system will not be able to access what is stored
  4. PIN number: To unlock the device requires entering a PIN number. In case of theft or loss, it is guaranteed that no one can access if they do not know this code. When it is entered incorrectly three times, the information is automatically deleted. Information can be restored, but only by seeds given to us when we first set it up
  5. BackUp: When the device starts up, the words “recovery phrase” appear. This phrase allows us to restore data stored on another device in case of loss or theft
  6. Cryptocurrency support: Currently supports more than 1800 different cryptocurrencies and tokens. Highlight just a few, such as Bitcoin, Solana, Ethereum, XRP, Cardano, Litecoin or BNB. Depending on the cryptocurrency or token, we can buy them through the wallet, send and receive, exchange or stacking.

The Ledger Nano devices in its S, S Plus and X range have their own operating system called BOLOS which improves security and creates a more accessible interface for its users.

The Ledger Nano X have the ability to connect via bluetooth with the device you are using. It does this through a technology called Low Energy Bluetooth but that does not affect its security at all since the private key never leaves the device.

Initial setup

Its initial configuration is very simple and intuitive. Below is a video explaining step by step how to configure a new Ledger Nano X.

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