Last updated: 09/15/2019
Hard wallets are well known among experienced cryptocurrency users. They are also well utilized by investors that want an extra layer of security for their cryptocurrency.
What Is A Hard Wallet?
Hardware wallets are physical wallets specially designed to offer safe storage for your digital assets. They essentially store your private key and keep your cryptocurrency offline. They provide cold storage avenue for your cryptocurrency and digital currency tokens.
Ledger Nanos vs Trezors
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Ledger Nano S
Ledger Nano X
Trezor Model T
Why Do You Need A Hard Wallet?
Hard wallets are carefully built to contain a wide range of features to protect your private digital currency keys. The hardware wallets provide full isolation for your private keys. It is the bridge that shields your coins from the easy to hack internet.
What Is Ledger Nano X Hard Wallet?
The Ledger Nano X hard wallet is the next generation of ledger product. The ledger brand is well known for its security-based product and the Nano X is one of their next-generation product; an update of the Ledger Nano S hard wallet. It is well developed for the security and management of your private keys. This is to shield away from the dangerous environment existing on the internet during transactions.
Crypto Coins Supported By Ledger Nano X
As of August 13, 2019, Ledger Nano X supports more than 1,000 cryptocurrencies. This is through its integration with the compatible cryptocurrency software applications. Some of the crypto coins supported by Ledger Nano X include BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, and 1,000 others.
How To Setup Ledger Nano X
When your purchased Ledger Nano X hard wallet arrives, it should include the following:
- USB cable
- Instructional booklet
- Private key recovery sheet
- Hardware wallet
To set up, follow the following steps:
Step 1: Connect your hardware wallet to your PC
Step 2: Select and input your login details
Step 3: Back up phrases for your recovery sheet to keep it safe
Step 4: Install the desired application for relevant devices.
Ledger Nano X Hard Wallet Frequently Asked Questions
How Much Does Ledger Nano X Cost?
The Ledger Nano X hard wallet is sold for $119 as the standard market price. It could differ a little depending on where you are getting It from.
Can Ledger Nano X Be Hacked?
The Ledger Nano X can not be hacked as it is detached from the internet. It is a cold storage facility for your cryptocurrency and is mostly the choice of investors.
It is optimized to resist any form of attack and fraudulent activities. The Ledger Nano X 100% secure for the storage of your coins and tokens.
How To Access Ledger Nano X
- When you want to access the ledger Nano X hard wallet, here are the required steps
- Connect your ledger nano x to your desktop or laptop computer
- Initiate the desired transaction through the relevant installed application
- Follow the prompt of the application to sign off on the transaction
- Verification of details being displayed on the device itself for approval
How To Reset Ledger Nano X
For the security of your coins and tokens, it is always advisable to have a backup for your coins. This is to back up and restore your access to your coins in the event that anything happens to your hardware wallet.
You can back up your information on the recovery sheet that came with this new wallet
A hard wallet is a very useful component for storage and management of your cryptocurrencies. With its wide range of support for different cryptocurrency, it is considered the best hardware wallet for different cryptocurrencies. It is also the best hard wallets for bitcoin cryptocurrency.