We are living in an era where digital money is the future. Be it from the share markets to the point of using money through various applications. Whatever may be the scenario, but, we know every single penny has its utility. In this world full of technology, new inventions, smart users cum viewers, diversified electronic gadgets and other cons.
Also, knowing the situation of our economy, keeping track of how the financial institutions have been working over the past years. It has become very crucial for us to keep our money safe, be it real or digital.
Thus, it creates the need for a ledger nano X Hardware wallet. Well, this sounds like something unusual to you. So, let’s get a deeper insight into what this term implies.
Well, we all are aware of the terms bitcoins, cryptocurrencies and blockchain. If, not then let me make you understand. Bitcoin is the best-known version of cryptocurrency.
Where cryptocurrency is basically a medium of exchange that is money such as the US dollars, which is digital and needs encryption to control the creation of monetary units along with verifying the transfer of funds.
So, to have a proper check over all the transactions from peer to peer, blockchain technology is used.
So, in order to keep our offline bitcoins safe and secure, the ledger Nano X Hardware wallet gave its birth.
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What is Ledger Nano X hardware Wallet?
Ledger nano X is a type of hardware wallet, which uses a secure element in order to keep our offline bitcoin and cryptocurrency safe and secure. In fact, it is the newest version of the hardware wallet. It makes a more protective cold way to store our offline bitcoin as well as also protects us from malware. Making a point of improved security over software wallets. There are numerous benefits of using this hardware wallet. One such is that it is easy to use without making any fuss, gets created in a smooth setup, and finally at an affordable price range which could be around $119. Free shipping is also available to every country. Knowing some of its advantages, we must know what other stuff comes in the package with this hardware wallet.
Package
- Ledger Nano X
- 1 USB C cable.
- Keychain Strap.
- 3 recovery sheets.
- Ledger stickers.
Well, now unboxing could be quite exciting after knowing its other elements. As said earlier, it can be set up in a smooth way, but for many, this could be the case. Some may experience trouble or issues in fixing the device, where some may not. So, if you are in this category then you don’t have to worry. This article will help you to setup a ledger nano X wallet. So, do read this article till the end and make your way through it.
How to set up Ledger Nano X wallet
To many, who didn’t know Nano X uses its own operating system known as “bolos”, also compatible with iOS, MacOS, Android, Windows, Linux. Adding to this it also works with desktop wallets such as myether wallet. So, to start our procedure of setup, here I have taken an example of connecting this Nano X with my iPhone XR via Bluetooth.
- Firstly, ledger has an app called ledger live, but make sure that you download the correct version through the link provided from the leger live page, as there are many fake versions available on the google play store.
- The second step is to select the device you want to connect with. In case if your device is brand new then select “initialize as a new device.”
- After this, you need to set a pin code on your device.
- Then, you can follow the ledger security suggestions as they are very amazing as well as proved to be helpful for you.
- Now, you have to write the 24 words which appear on the ledger Nano X’s screen.
(Note: You don’t have to use the app yet, it’s just guiding you.)
- Then, it mentions some more tips. Make sure that you have followed all the suggestions in order to keep our bitcoin and cryptocurrency safe and secure.
- Following this, it will ask your confirmation with some more deep details.
- Now, you can actually pair your device via Bluetooth. Make sure that your Bluetooth has been switched on. Then, a verification code will appear on your Nano X, and click on the pair option.
- Finally, your device has been successfully paired, that is your phone and wallet connected.
- On successful pairing, you can proceed to make your order.
Now you know how easy it is, right! There can be chances of not getting paired in the 1st attempt for whatsoever reason it might be. But you should try again and again until you pair it victoriously. So, by following these simple steps you can conveniently make connections. After making your query clear, you may ask what all types of bitcoins and other cryptocurrencies it offers to store. So, there are many coins including altcoins, ERC-20 tokens which ledger nano supports. Some of them are listed below.
Coin’s that Ledger Nano X device supports
- Neo (NEO)
- Tron (TRX)
- Tether (USDT)
- Monero XLM
- EOS-EOS
- Dash (DASH)
- Litecoin (LTC)
- Ripple (XRP)
Also, if you want to add any coin. What you need to do is simply click on the manager option and then tap the blue install option besides any coin which you want to add to your Nano X.
From all the reviews and as per my research on this ledger nano knowledge, it can be said that it is one of the shielded ways to protect your digital money in offline terms. Since the use of cryptocurrency is spreading widely. People should also start using this product of the hardware wallet. As it proves to be again for them. Since prevention is better than cure. So, taking earlier precautions will always help you no matter what. And, it’s our sole responsibility to take care of our money, as no other will.
