Ledger Nano X in 2021 – What’s New and The right way to Not get Scammed – My Up to date Overview

April 23, 2025

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This overview is NOT sponsored and comprises affiliate hyperlinks.

I’ve been a person of Ledger {hardware} wallets since 2017, and in the present day I’d wish to put up my up to date overview on the Nano X.

On this overview, I’d wish to introduce the pockets to those that are new to the product, in addition to speak concerning the options which have been added since 2018. Since my most important focus is safety, I will probably be additionally sharing some important data that can hopefully make it easier to keep protected and keep away from getting scammed.

What’s a Ledger Nano X?

The Nano X is a {hardware} pockets that helps over 1500 totally different property, and may retailer as much as 100 of them on the identical time. It helps all the mainstream cryptocurrencies similar to Bitcoin, Ethereum, Ripple, Litecoin, Stellar, Monero, in addition to many alt cash and their derivatives. Right here’s a full checklist of the supported property.

On the skin, the Nano X appears like a pen drive with a chrome steel cowl. The physique of the Nano is product of plastic nonetheless, it feels manner sturdier than that of the common pen drive. The machine incorporates a 30×13 mm display, and two buttons. It may be linked through USB to your desktop (MacOS or Home windows) or through Bluetooth to your telephone (iOS 9+ or Android 7+).

Regardless of its seeming simplicity, the Nano X is a sophisticated machine that incorporates a high-end ST33J2M0 safe ingredient, in addition to its personal working system. This makes the machine proof against any distant assaults, in addition to makes it extremely proof against assaults even within the unlucky case a hacker will get their arms on the bodily machine.

Observe: I say “extremely proof against assaults” to keep away from confusion. In case your machine will get misplaced or stolen, it’s important to revive your funds with the restoration seed and switch them to a unique pockets asap. Regardless of how safe the machine is, you don’t need hackers to own the chip that has your encrypted keys on it.

What does the Ledger Nano X do?

The machine has two capabilities:

The primary one is to retailer your private keys. As you in all probability know by now, all the cash are on the market within the blockchain; your pockets simply holds a set of keys that show your possession of these cash.

You may clearly create a so-called software program pockets in your PC and again up your keys on an USB stick, and even create a cloud pockets and belief a 3rd celebration to retailer the keys for you. Whereas not a very unhealthy thought for small sums of cryptos, this methodology is way from protected.

You in all probability understand how susceptible are computer systems and smartphones to hacker assaults. Quite a lot of keyloggers and trojans stay undetected even by the perfect antiviruses, and may leak your private keys to the hacker as quickly as they seem in your machine.

Right here’s the place the Nano X comes into play. Its second perform is to authorize transactions whereas holding the personal keys secret. This fashion, you possibly can function a cryptocurrency pockets even from an contaminated laptop or smartphone safer, so long as you observe sure tips (as detailed within the sections under).

The Nano X has signing authority for transactions. Whilst you can’t provoke transactions straight from the machine, you do use it to manually verify each transaction you do by pushing one of many two bodily buttons on the machine.

Right here’s the way it works:

You begin by creating your pockets on the machine, and also you write down the restoration phrases someplace protected.
Then, you hyperlink a software program pockets of your option to your Ledger machine. This fashion, you should utilize the interface of that software program pockets to handle the funds in your Ledger.
Each time you ship crypto to somebody, you’ll have to both verify or deny the transaction by urgent one of many two buttons in your Nano X. The display will show the recipient handle, which is able to help you confirm that you simply’re sending the funds to the correct individual.
If a transaction was initiated by a hacker, it is possible for you to to say no it, and preserve your cash protected.

Merely put, if a hacker will get to provoke a transaction out of your pockets, they gained’t have the ability to full it with out you bodily pushing the button in your Ledger.

Observe: Although the Ledger does provide an additional layer of safety towards hackers, it’s nonetheless a good suggestion to solely join it to a PC that has a freshly put in operative system on it to stop MITM assaults. Extra on that under.

What’s New: Ledger Dwell

The Ledger Dwell is a brand new utility that’s being developed and hosted by Ledger. As its description states, Ledger Dwell is “the one-stop store in your crypto”.

Initially, all Ledger gadgets solely operated with third-party wallets and exchanges. Many of the largest wallets and websites help you hyperlink your ledger machine to them so as to add that further layer of safety.

Now, Ledger determined to make life simpler for his or her clients and launched their very own app that gives a easy interface for storing, shopping for, promoting, swapping, and stacking your crypto. The app is on the market for Mac OS, Home windows, iOS, and Android.

Observe: Although the app is developed by Ledger, two of its key capabilities are nonetheless powered by third events – the purchase/promote possibility is powered by the Coinify gateway, and the swap possibility by Changelly.

Be sure that to obtain the app from the official Ledger web site to keep away from scams.

Widespread Questions

What occurs in case your Nano X will get stolen?

Within the unlucky occasion this occurs, you’ll almost definitely have a while to make use of your 24 phrase restoration phrase on a brand new machine to entry your funds once more, and switch them to a brand new pockets. Right here’s how. As you already know, the pockets operates with a 4- or 8- digit pin. The seed will get worn out from the machine if a incorrect pin is entered thrice in a row, so the machine is protected towards brute power assaults. There are talks about different strategies a hacker can probably use to entry the info on the chip nonetheless, these require time and specialised tools.

What occurs in the event you lose your 24 phrase restoration phrase?

If you happen to nonetheless have entry to your ledger, you possibly can create a brand new pockets (be sure to jot down down the brand new restoration phrase), and switch all of your funds there.

Professional Tip: You may again up your restoration seed on a tool similar to a Cryptosteel Capsule Solo or billfodl.

The Nano X is the latest mannequin, and it presents extra options, and an total higher person expertise in comparison with that of the Nano S. Each gadgets are nonetheless manufactured and supported by Ledger, with person expertise being one of many key variations between the 2: Additionally test on official web site!

	Ledger Nano X	Ledger Nano S
Apps put in concurrently	As much as 100	As much as 20
Appropriate crypto property	1,500+	1,500+
Appropriate wallets	50+	50+
Bluetooth	Sure, will be linked to smartphones	–
Display screen measurement	128 x 64 pixels	128 x 32 pixels
Connector	USB Sort-C	USB Sort Micro-B
Battery	8 hours	–
Value	€119	€59

Ledger Nano X Hacks and Scams – All You Must Know

Since its launch, there have been fairly a couple of makes an attempt to each hack the machine itself, in addition to trick Ledger customers into sharing their personal keys in a method or one other. None of this was identified to the early adopters of the Ledger, and a whole lot of customers misplaced their cryptos. If you happen to’re new, you’ll have the privilege of studying from different’s errors, and have a extra nice expertise along with your Ledger.

Please learn this part rigorously to get a greater understanding on what to, and what to not do:

Man within the Center Assaults

It’s no rocket science that malware can infect your PC with out you or your antivirus noticing it. As soon as a PC is contaminated, you possibly can now not belief what’s displayed in your laptop display. Whereas your Ledger will stop hackers from accessing your restoration seed and wiping your pockets utterly, they’ll nonetheless reroute your fee to a unique handle in the event you’re not cautious sufficient.

Answer: When making a transaction, be sure to observe the steps detailed right here. Additionally, ideally you need to preserve your pockets accessing PC offline and just for that goal, and have a unique PC for normal internet browsing.

Observe: Please don’t confuse a MITM assault with a standard BTC handle change as a result of UTXO. If confused, learn this subject.

Chrome Extensions

9 months in the past, a person created this thread the place he claimed that his Ledger bought hacked remotely. After some investigation, it grew to become clear that the person downloaded a third-party Chrome extension for the pockets, and launched his 24-word seed there.

Lesson realized: the official Ledger app won’t ever ask you in your 24 phrases. Apart from, there is no such thing as a official Ledger Chrome extension, in order that app the person downloaded was clearly made by scammers.

Third-Celebration Sellers

Some individuals purchase their gadgets from websites like eBay and Craiglist. You could find some actually “candy” offers there however right here’s the factor – nothing comes without spending a dime.

Again in 2018, a younger hacker named Saleem Rashid claimed to have with the ability to hack a Ledger machine. His methodology requires him to have the bodily machine in an effort to set up a customized firmware on it by USB.

So far as I do know, this situation has been addressed, and the Saleem Rashid now seems on Ledger’s corridor of fame. Now, it’s unknown whether or not there are different methods to use a Ledger machine so the lesson is fairly clear: keep away from third-party sellers.

Don’t get me incorrect – the Ledger Nano X is a really safe machine that additionally has an inbuilt integrity test system. Nonetheless, it’s a good suggestion to play it as protected as attainable.

Provide Chain Assaults

As this weblog put up by Kaspersky Labs particulars, a hacker might probably set up a {hardware} implant on the Ledger to make it leak your funds. Whereas it’s definitely not straightforward for a hacker to get their arms in your machine in the event you order it straight from Ledger, it’s at all times higher to be protected than sorry.

Answer: Ledger gadgets are straightforward to open, and this brief tutorial reveals how you can simply disassemble your Ledger Nano, and test whether or not it’s been tampered with.

Pre-Made Personal Keys

As this video explains, some third-party sellers exchange the unique Ledger documentation with their very own.

What they do is that they mainly pre-set the machine for you. They create a personal key and print two copies of it. They put one copy within the field and canopy it with scratch-off ink, making it seem like that is the way it got here from Ledger. The second copy stays within the possession of the scammer, permitting them to entry your funds until you reset your machine and create a brand new set of restoration phrases.

You would possibly suppose “who will fall for this?”. Factor is, with over two million Ledger gadgets being offered worldwide, you possibly can wager there’s a great share of people that might probably fall for this.

Phishing Web sites

There have been (and possibly nonetheless are) fairly a couple of phishing web sites that look precisely like Ledger’s. The primary purpose of these web sites is to lure you into sharing your 24 phrase restoration phrase.

Takeaway: Ledger won’t ever ask you in your 24 phrase restoration phrase, neither it can ask you to ship them cryptos. Please, take a minute to test this screenshot compilation to get a greater thought on how inventive scammers will be.

Knowledge Breaches

Again in June of 2020 there was a information breach on Ledger’s e-commerce web site API that leaked the contact data of over 8500 Ledger machine homeowners. The leak consisted of strictly electronic mail addresses, telephone numbers and names. No fee or bank card data was compromised. Nonetheless, this allowed scammers to ship each emails and textual content messages to Ledger customers, prompting them to click on on hyperlinks that may cause them to phishing web sites.

Takeaway: Whereas this explicit breach was fastened, it’s a good suggestion to take any emails and messages with a grain of salt, even when they comprise your full identify. Knowledge breaches occur even to the largest firms, so please don’t click on any hyperlinks from emails no mater how credible they seem like.

Getting your individual Ledger Nano X

All the main on-line shops promote the Nano X. As we noticed earlier although, a talented hacker can probably tamper with the machine, so it’s at all times a good suggestion to keep away from third events as a lot as attainable.

I personally purchased my Ledgers from their official retailer, and bought it shipped to me through DHL Specific.

I do know €119 for one Nano X isn’t precisely low-cost however for all of you trying to getting your individual Ledger, right here is the hyperlink. Additionally contemplate the Cryptosteel Capsule Solo to retailer your seed phrases.

There’s additionally a chance to purchase a again up pack that consists of a Ledger Nano X and a Nano S. You get each for a complete of 20% low cost. You may retailer the Nano S in your house protected, and take the Nano X with you to make transactions on the go.

In Conclusion

At this cut-off date, it’s widespread data that {hardware} wallets are a should for protected cryptocurrency storage. The extra useful cryptocurrencies turn into, the extra consideration they get from all types of thieves.

There are a number of firms that make {hardware} wallets, and whereas I don’t doubt that the majority of them make good and dependable merchandise, I personally lean in direction of Ledger. Ledger merchandise have a great observe document, and the corporate’s energetic bounty system helps to enhance its merchandise consistently.

Once more, this overview was not sponsored by Ledger.

Disclaimer: This isn’t monetary advise, I’m not a monetary advisor, that is for instructional functions solely. If you wish to put money into cryptocurrency please do your individual analysis and make investments at your individual threat, 1stMiningRig is rarely responsible for any choices you make. 1stMiningRig could obtain donations or sponsorships in affiliation with sure content material creation. 1stMiningRig could obtain compensation when affiliate/referral hyperlinks are used.

Thanks for studying. As at all times, your feedback, solutions and questions are welcome.

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