Ledger Nano X (2024)

FAQs

Ledger Nano X? ›

Ledger Nano X lets you securely store your cryptocurrencies and NFTs. The Ledger hardware device has several security features that make it safe to use, such as: A certified secure chip (CC EAL5+) that protects your private keys and seed phrases from physical and software attacks.

Ledger Nano X lets you securely store your cryptocurrencies and NFTs. The Ledger hardware device has several security features that make it safe to use, such as: A certified secure chip (CC EAL5+) that protects your private keys and seed phrases from physical and software attacks.

In December 2023, Ledger, a renowned crypto hardware wallet manufacturer, experienced a significant security breach.

With the Ledger Nano X, you can secure and manage over 5,500 coins and tokens.

Both Ledger Nano S Plus and Nano X are hardware wallets that facilitate the safe storage of private keys and crypto assets offline. They are some of the best Bitcoin wallets. Users have access to the Ledger Live mobile app, where they can make online transactions and check the balance of their assets.

The main downside with using the Ledger Nano X cryptocurrency hardware wallet is that it costs a significant amount of money. The Ledger Nano X retails for $149.

Reliable Purchase Experience: Purchasing your Ledger wallet from Best Buy further solidifies your trust in the product. Best Buy's reputation for quality and reliability ensures a seamless shopping experience, from purchase to delivery.

Can Ledger steal your crypto? A Ledger Nano X is designed to safely store your crypto assets and it's by far one of the most secured and safest wallets for storing cryptocurrency. It's designed to withstand physical and software hacking attacks on your crypto.

Cryptocurrency stored in offline wallets like the Ledger Nano S is generally considered one of the most secure ways to store your coins. Without physical access to the device, it's very unlikely that your cryptocurrency could be stolen.

If your Ledger Nano S is stolen or lost forever, you can recover your coins by using the recovery phrase that you generated when you set up your device. The recovery phrase is a BIP39 seed that consists of 12, 18 or 24 words2.

Does Ledger Live report to IRS? ›

Does Ledger report to the Internal Revenue Service (IRS)? Ledger does collect Know Your Customer (KYC) information from customers who trade cryptocurrency through Ledger Live. However, Ledger does not collect information from customers who simply use the company's hardware wallet.

Grow your assets while securely holding them with your Ledger device. Ledger Live allows you to securely stake a growing number of coins including ETH, SOL, ATOM and DOT. Track, manage and grow your earnings, make informed decisions, and stay secure from Ledger Live dedicated Earn Section.

Manage your Bitcoin

With Ledger Live coupled with a Ledger, you can: Securely execute transactions by physically validating them with your Ledger Hardware Wallet. Manage your Bitcoin as well as thousands of other crypto assets.

Thankfully this device doesn't get any new feature and no firmware updates. Recover obviously doesn't affect nano S (non plus) devices.

Yes—your crypto is safe within the Ledger ecosystem: Ledger devices have never been hacked.

Ledger does not store your private keys, nor ever asks for it.

NOTE: By resetting Ledger Live, you will not lose your crypto assets since your private keys giving access to your funds remain secure on your Ledger device and are backed up by your recovery phrase.

Ledger denies the existence of any backdoor on its devices and maintains that this is an entirely opt-in service. According to Nicolas Bacca, co-founder of Ledger, nothing will happen without the user's consent, and the update does not increase the attack vectors on Ledger wallets.