Ledger Nano X Wallet In-Depth Review | Is the Ledger Wallet Safe? Is It a Scam?

1. Brand Background and Development History

1. About Ledger

Founded in 2014 and headquartered in Paris, France, Ledger is one of the world's most renowned hardware wallet manufacturers. Its core team, comprised of professionals from the cryptographic security and chip R&D industries, specializes in blockchain asset security solutions.

• Main business : hardware wallets (Nano series, Stax), enterprise-level hosting (Ledger Enterprise), and security chip design.

• Market position : As of 2024, Ledger has sold more than 6 million wallets , making it the hardware wallet with the highest market share in the world.

2. Release of Nano X

• Released : 2019

• Positioning : Ledger's flagship model, with Bluetooth support and larger storage space as its main selling points.

• Comparable products : Trezor Model T, Ellipal Titan, SafePal S1.

3. Product iteration logic

• Nano S → Nano S Plus (entry-level model, cheaper, limited features)

• Nano X → flagship (mobile-friendly, full-featured)

• Stax → High-end touchscreen products (launched in 2023)

The role of Nano X in the Ledger product line: It balances security and convenience , suitable for daily use and long-term storage.

2. Functions and User Experience

1. Multi-asset support

• Supports over 5,500+ crypto assets : BTC, ETH, SOL, BNB, ADA, XRP, DOT, USDT, USDC, etc.

• Compatible with token standards such as ERC-20, BEP-20, and TRC-20 .

• Support for NFTs (via Ledger Live and third-party plugins).

2. Hardware Design and Interaction

• Appearance: Similar to a USB flash drive, with an aluminum alloy protective cover.

• Screen: 128×64 OLED.

• Interface: USB-C, supports Bluetooth.

• Operation: Two-button physical confirmation.

• Built-in battery: can be operated on mobile devices via Bluetooth.

3. Mobile experience

• Connect directly via Ledger Live Mobile (iOS/Android) .

• Bluetooth support greatly increases convenience, but also increases the attack surface (Ledger claims to use end-to-end encryption to ensure security).

4. Ledger Live Software Ecosystem

• Wallet management : sending and receiving coins, address management.

• Staking function : supports DOT, XTZ, ATOM, ETH2, etc.

• Trading function : Integration with service providers such as Changelly and Coinify.

• NFT Management : Supports viewing and transferring ERC-721 and ERC-1155 NFTs.

5. Storage Capacity

• 100+ applications can be installed simultaneously to meet multi-asset management needs.

• The main advantages over the Nano S Plus are Bluetooth and battery, not the number of apps.

3. Security and Compliance

1. Private key management and security chip

• Core security : Based on the Secure Element chip (EAL5+ certified), similar to the chips in passports and bank cards.

• Transaction security : All signatures are completed in hardware and private keys are not exposed.

• PIN protection : Multiple incorrect entries will lock the device.

• Mnemonic recovery : compatible with BIP39/BIP44.

2. Historical security incidents

• 2020 customer data breach : User information (email address, address) was leaked, but wallet funds were not affected.

• Phishing attacks are frequent : some users are deceived by leaking their mnemonics.

• Questions about Bluetooth security : Some researchers believe that Bluetooth may increase the attack surface, but no major attack cases have occurred so far.

3. Compliance

4. User and Media Reviews

1. Media coverage

• CoinTelegraph : "Ledger Nano X improves mobile experience, but Bluetooth controversy persists."

• Decrypt : "Industry-leading security, but users must keep their own mnemonic phrases."

• Forbes : "The Nano X strikes the perfect balance between functionality and convenience."

2. User Feedback

• front :

• “It supports many currencies and is very convenient to operate on mobile devices.”

• “Strong security and trustworthy.”

• “It’s more suitable for long-term use than the Nano S.”

• Negative :

• “The Bluetooth feature is unreliable.”

• “The prices are high.”

• “Ledger Live’s fees are not transparent enough.”

3. Case

A Reddit user reported purchasing a counterfeit Ledger Nano X through a third-party source. The device came pre-installed with a malware and had their funds stolen. Ledger reminds users to purchase only from the official website or authorized channels .

V. Risk Warning

1. Bluetooth controversy : Although officially claimed to be safe, some users are still worried about Bluetooth being attacked.

2. Phishing attacks : Users should be wary of fake websites and phishing emails.

3. Risk of counterfeit products : must be purchased from official channels.

4. Pricey : At around $149, it's twice as expensive as the Nano S Plus.

6. Competitive Comparison

VII. Summary

Ledger Nano X is a flagship hardware wallet with strong security, comprehensive features, and mobile-friendly design , suitable for long-term holders and mobile users.

• Advantages : security chip, Bluetooth support, rich currency.

• Disadvantages : High price, Bluetooth is controversial.

Summary in one sentence :
The Ledger Nano X is the best balance of functionality and convenience in the Ledger series, suitable for investors who value mobile experience and long-term storage.

8. Multi-dimensional Rating (out of 10 points)

• Security: 8/10 — Secure Element chip, Bluetooth controversy

• Functionality: 9/10 — Multi-asset support, mobile convenience

• User Experience: 8/10 — Clear interface, mobile-friendly

• Compliance: 5/10 — Hardware manufacturer, no financial regulation

• User Review: 7/10 — Overall positive, Bluetooth controversial

Overall score: 7.4/10

IX. Contact and Support

• Official website: https://www.ledger.com

• Help Center: https://support.ledger.com

• Community: Twitter, Reddit, Telegram

✅Final conclusion :
Ledger Nano X has become one of the flagship choices in the hardware wallet market with its advantages of both security and convenience, suitable for users who value mobile experience.