Ledger Nano X vs Ledger Nano S: Best Crypto Hardware Wallets

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by Enoch Omololu

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Hardware wallets allow you to store your digital assets securely offline in cold storage.

They add an extra security buffer to your coins by eliminating the need for an internet connection to access and transact your coins, making them the most secure wallets in the crypto space.

Ledger Nano X wallet and its popular predecessor, Ledger Nano S, are among the top crypto wallets in this category. Others include KeepKey and the Trezor wallet.

In this Ledger Nano X vs Ledger Nano S comparison, I dive into their top features, supported cryptocurrencies, price, security, pros & cons, and more.

Ledger Nano X wallet Top Features

  • Supports over 5,500 crypto coins and tokens
  • Install up to 100 apps at a go depending on their size
  • Bluetooth-enabled to allow you to connect to your smartphone and manage your assets on the go
  • Has a large screen and high resolution for ease of use
  • Features an in-build exchange to allow you to securely trade, stake, and send/receive crypto payments right from your wallet via Ledger partners.
  • Integrates with the Ledger Live wallet app to give you total control over your assets.
  • 100 mAh battery that can last up to 8 hours in standby mode

Is Ledger Nano X safe?

Yes, Ledger Nano X is safe as it allows you to store your crypto coins securely offline in cold storage. To ensure that your keys remain in your device and are never exposed, the device uses a certified secure chip that is tamper-resistant to store your private keys.

Thus, your private keys never leave your device, and only you can access them.

Read the full Ledger Nano X review.

Ledger Nano S Top Features

  • A popular hardware wallet with 4M+ users
  • Supports a wide selection of more than 5,500 cryptocurrencies
  • Install up to 3 crypto apps on your device at a go
  • An in-build exchange to buy, sell, swap, stake, and lend your digital assets.
  • Complete and confirm transactions right from your wallet
  • Integrates with the Ledger Live app to give you total control over your assets.

Is Ledger Nano S Safe?

Yes, Ledger Nano S is one of the cheap, secure hardware wallets. Just like the Ledger Nano X wallet, it uses a certified secure chip to store your seed phrase and private keys in your device. It also employs 2-factor authentication to ensure that only you can access the wallet.

Read the full Ledger Nano S review here.

Ledger Nano X vs Ledger Nano S: Price

Ledger Nano X’s price is double that of Ledger Nano S, but it features a sleek design and greater capacity to install 100 crypto software apps at go vs Ledger Nano S’s 3 apps.

  • Ledger Nano X Canada Price: CAD 199
  • Ledger Nano S Canada Price: CAD 89

Ledger Nano X vs Ledger Nano S: Ease of Use

Both Ledger Nano X and S are easy to set up and use. It only takes about five minutes to set up the device following instructions and suggestions on the Ledger Live app.

Though they don’t offer touchscreen functionality, they feature buttons that allow you to navigate the device menu back and forth with ease.

That said, the Ledger Nano X has a larger screen and higher resolution, making it a bit easier to use and read.

Ledger Nano X vs Ledger Nano S: Cryptocurrencies & Crypto Apps

Both Ledger Nano X and Ledger Nano S support a wide selection of more than 5,500 crypto coins and tokens.

However, Ledger Nano X has a larger capacity than Ledger Nano S. Thus, you can install up to 100 crypto apps on your ledger Nano X wallet at a go depending on their size vs 3 apps on the Ledger Nano S wallet.

Ledger Nano X vs Ledger Nano S: External Wallet Support

Both Ledger Nano X and S are compatible with 50+ third-party wallets and services, so if you need to use external wallets to check your balance and send/receive crypto, you are fully covered.

Top wallets and crypto services supported by these top hardware wallets include the Ledger Live wallet app, MyEtherWallet, Metamask, MyCrypto, Binance DEX, Paradex, Guarda Wallet, MyEOSWallet, Tronscan, Firefly Wallet, ZClassic, Neon Wallet, AirSwap, Wanchain, and more.

Ledger Nano X vs Ledger Nano S: Security

Both Ledger Nano X and S employ industry-leading security to ensure that only you have access to your private keys.

They use a certified secure chip (CC EAL5+) which is tamper-proof to store your private keys securely on your device.

They are also the only wallets in the market that use a custom Blockchain Open Ledger Operating System (BOLOS), a framework that isolates crypto apps to ensure that your private keys and seed phrase never leave your device.

Additional security features include:

  • A minimum of 4-digit for the pin code
  • A-24 word recovery phrase that is only visible on your device, not the apps
  • 2FA
Ledger Nano X vs Ledger Nano S

Ledger Nano X vs Ledger Nano S: Device Connectivity and Support

The Ledger Nano X wallet works on all devices, including Android, iOS, and desktop, but Ledger Nano S doesn’t work on iOS. So, if you are an iPhone user, you may have no choice but to opt for the Ledger Nano X wallet.

You can connect your Ledger Nano X to external devices in two ways. It features Bluetooth functionality to allow you to connect your wallet to your smartphone. It also comes with an included USB-C cable that you can use to connect to your pc or smartphone.

Ledger Nano S doesn’t offer Bluetooth capability. It also doesn’t come with a USB cable. If you want to connect to external devices, you’ll have to purchase a separate OTG kit that costs around $18.

Ledger Nano X vs Ledger Nano S: Mobile Apps

Both Ledger Nano X and Ledger Nano S work with the Ledger Live app to make it easier for you to manage your wallet directly from your smartphone or computer.

The Ledger Live app is available for download on all devices, including desktop, iOS, and Android.

Once you download and install the app, it syncs with your wallet to allow you to buy, sell, swap, stake, lend and send/receive crypto assets through ledger partners.

Ledger Nano X vs S: Pros and Cons

Both Ledger Nano X and S offer the same level of security and support a wide selection of crypto coins and tokens.

Both feature an in-build exchange and work with the Ledger Live app to allow users to buy, sell, swap, stake, and manage their coins seamlessly.

There pros and cons come in as follows:

Ledger Nano S Pros and Cons

Pros: Ledger Nano S is affordable, hence great for beginners wanting to store their coins securely on a budget.

Cons: Ledger Nano S’s downside is that it does not support Bluetooth connection, has a smaller storage for crypto apps, does not work on all devices, and has a small display.

Ledger Nano X Pros and Cons

Pros: Ledger Nano X wins over Ledger Nano S with its Bluetooth connection, larger display, a larger storage capacity for crypto apps, and works on all devices.

Cons: Ledger Nano X’s downside is that it’s a bit more expensive, which is to be expected as it offers more capacity and functionality.

Ledger Nano X vs Ledger Nano S: Best for

The Ledger Nano S wallet is a good choice for beginners wishing to hold onto a small amount of crypto. It only works on Android and desktop, hence not a good choice for iOS users.

Ledger Nano X is excellent for active crypto investors with diverse crypto holdings due to its ability to carry 100+ crypto apps at a go.

Ledger Nano X vs Trezor

The Trezor wallet is another hardware crypto wallet that goes neck to neck with Ledger crypto hardware wallets. Just like the Ledger Nano X wallet, it features a large screen for easy navigation and uses a USB-C plug to connect to external devices.

However, Ledger Nano X supports more digital assets, over 5,500 crypto coins and tokens, vs Terezor’s 1,200+ crypto coins.

Plus, Ledger Nano X offers more features and functionality, including Bluetooth connectivity and an in-build exchange, which Terezor does not offer. Again, Ledger Nano X works on all devices, but Trezor doesn’t support iOS devices.

In terms of price, Ledger Nano X is cheaper than Trezor, going for CAD 199 vs Trezor’s price of CAD 245.

Ledger Nano X vs Ledger Nano S: Conclusion

The Ledger Nano X wallet and Ledger Nano S are great hardware wallets with many similar features and functionality. Their main difference is their screen size, capacity, price, supported devices, and Bluetooth connectivity.

Ledger Nano S is a good choice for crypto investors with a smaller number of crypto assets, but investors with a diverse set of crypto assets are better off with Ledger Nano X as they can install up to 100 crypto ups at a go.

Related: Ledger Nano S Plus Review.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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