Ledger is perhaps the most well-known brand when it comes to cryptocurrency hardware wallets. The company has released a number of different hardware storage solutions for cryptocurrency private keys over the years, but their two standout products are the Ledger Nano S and the higher-end Ledger Nano X. Check below for a complete breakdown of Ledger Nano S vs X.
Ledger Nano S Overview
The Ledger Nano S is a staple when it comes to the cryptocurrency hardware wallet market. This is basically the Ford Model T of hardware wallets in that it offers a high level of security and functionality to the masses at an affordable price. For an in-depth analysis of the hardware wallet, read our extensive review on the Nano S.
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Ledger Nano S Pros & Cons
Pros
- $59 is an affordable price for a hardware wallet that has a screen
- Includes support for over 1,000 crypto assets
- Works with more than 50 cryptocurrency wallets
- This hardware wallet creates an easy way for newcomers to secure their private keys
Cons
- Can only have 3 to 6 Ledger apps installed at any one time
- Does not have bluetooth functionality, requires a cord for connection
Ledger Nano X Overview
The Ledger Nano X is a newer hardware wallet that improves upon the foundation laid down by the Ledger Nano S. There are a variety of new features included in the Ledger Nano X, including everything from a higher resolution screen to bluetooth functionality.
Ledger Nano X Pros & Cons
Pros
- Supports more than 1,000 crypto assets
- Bluetooth support
- Can have up to 100 apps installed on the device
- Works without being plugged in
Cons
- Roughly twice as expensive as the Ledger Nano S
- Device lacks a touchscreen
Ledger Nano S Vs. X: Beginner Friendliness
The level of friendliness offered to cryptocurrency beginners by these two devices is mostly the same. This is due to the fact that the same company is behind both products, and the same software is used to control both of these devices. It’s possible that the particular wallet software chosen by the user will be more important than the hardware devices when it comes to newcomers.
That said, one of the main differences between Ledger Nano S and X is that the Nano X offers Bluetooth connectivity. This added functionality is especially useful for connecting the device to smartphones, as the user no longer has to carry around an extra cord with them everywhere to connect the smartphone to the hardware wallet.
Eventually, Ledger may want to release a device with a touchscreen to further improve the user experience, especially when it comes to entering PIN codes and passphrases.
Ledger Nano S Vs. X: Trust & Security
There is much to look at in terms of the differences between the Ledger Nano S vs Ledger Nano X when it comes to trust and security. Both products require users to put faith in Ledger to create a secure hardware wallet.
Some cryptocurrency users will find that this lack of difference in security features between the two devices makes the Ledger Nano S the obvious choice, as security is much more important than anything else when it comes to comparing hardware wallets.
All of the additional features that come along with the Ledger Nano X have nothing to do with security. That said, the availability of bluetooth functionality on the Ledger Nano X does make it more likely that the average user will consider using their hardware wallet for cryptocurrency spends made via a smartphone.
Ledger Nano S Vs. X: Hardware
The Ledger Nano X’s ability to connect to a device via bluetooth is the obvious distinction between the Ledger Nano S and the Ledger Nano X. Other than that, there isn’t some extra piece of security hardware or anything like that found on the Ledger Nano X.
However, there are some other cosmetic differences between these two devices. Perhaps most notably, the Ledger Nano is able to have many more applications stored on it than the Ledger Nano S. This additional storage capacity makes the Ledger Nano X a more useful device for people who hold and transact in a wide variety of different crypto assets on a regular basis.
Additionally, the Ledger Nano X can be used on battery-powered mode, which means it does not need to be plugged into an electrical outlet, computer, or smartphone to function. This is especially useful when it comes to pairing the hardware wallet with a smartphone. One thing to note is that the Ledger Nano X is larger in size and weighs more than the Ledger Nano S.
Ledger Nano S Vs. X: Installation And Set Up Process
The setup process for your Ledger device will depend on which wallet software you decide to pair with the hardware wallet. Here’s what it looks like when you opt for the default Ledger Live software.
First, you will need to generate a new wallet on the device. The device will generate unique private keys to store your crypto assets, and you’ll need to backup these keys via a 24-word recovery phrase that will be created by the device. You will not be able to complete the setup process unless you write these words down, and the hardware wallet will give you a pop quiz on your recovery words to make sure of this.
To set up a new device, plug your Ledger Nano S or Ledger Nano X into your computer via the USB cable that came with your hardware wallet. If the device asks for a PIN code when you plug it in for the first time, you should contact Ledger, as there could be a security issue with your device.
You will then find the “Set up as new device” option by navigating with the two buttons on the hardware device. Select this option by clicking both buttons on the hardware wallet at the same time.
Next, you will be asked to choose a PIN code. It will be a bit cumbersome, as you can only use the two hardware buttons on the device to select your PIN.
The final step is to write down the aforementioned recovery phrase, which will allow you to restore access to your funds in a situation where something goes wrong with your hardware wallet. Remember to be extremely careful with your recovery seed, as anyone with access to it will be able to access your cryptocurrency holdings. Additionally, you won’t be able to access your funds without your recovery words if you lose your hardware wallet or it stops functioning properly.
Ledger Nano S Vs. X: Available Cryptocurrencies
Both devices from Ledger have extensive support for various crypto assets. Everything from Bitcoin to Dogecoin can be stored on these devices, with more than 1,100 crypto assets supported in total.
It should be noted that users who like to hold a wide variety of cryptocurrencies will want to opt for the Ledger Nano X, as the Ledger Nano S can only support between 3 to 6 native crypto applications at a time. That’s a decided win for the more expensive option in the Ledger Nano S vs X comparison.
Ledger Nano S Vs. X: App Compatibility
Both of these Ledger hardware wallets are supported by more than 50 different cryptocurrency wallets. If you’re using a Bitcoin or cryptocurrency wallet that supports hardware wallets, then you can basically guarantee that both the Ledger Nano S and the Ledger Nano X will work with that wallet.
Ledger also has their own wallet software that can be used on Android, iOS, and your desktop computer. You are able to access your crypto assets on the hardware device from your wallet software.
Ledger Nano S Vs. X: Stand Out Features
The stand out features are going to a bit of a one-sided affair, as the Ledger Nano X is basically an improved version of the Ledger Nano S.
While there are a few key differences between these two devices, two specific features stand out above the rest: Bluetooth connectivity and the number of different applications that can be installed at one time. Users who wish to use a hardware wallet to hold a large number of different crypto assets and want to transact with them on a regular basis from their mobile device will want to take a closer look at these two features.
Also Read: Ledger Nano S Plus vs Nano X – Hardware Wallet Choose
Frequently Asked Questions
What Are Ledger Nano S And Ledger Nano X?
The Ledger Nano S and Ledger Nano X are both hardware cryptocurrency wallets that make it easy for users to put their crypto into cold storage. The wallets can quickly be brought back online to make transactions.
For the most part, both wallets are identical in their design and features. The only tangible differences include mobile app support, battery power, and the ability to work with 100 cryptocurrencies at once when using the Ledger Nano X.
How Do Ledger Nano S And Ledger Nano X Work?
Both wallets work with the Ledger Live app. Both have the same security features since they both use the same kind of hardware. With the Nano S, users can install up the three crypto apps at once, allowing them to send and receive those cryptos. With the Nano X, users can install up to 100 crypto apps at once.
Is The Ledger Nano X Worth It?
If you want to manage a number of cryptocurrencies and be able to use your wallet on the go, then the Ledger Nano X might be worth it. In most other cases, the Ledger Nano S will do.
Some users might find having to install and uninstall new apps for using different cryptos on the Nano S inconvenient. But if the goal is to hold large amounts of a few coins in cold storage (which is typically the main reason people go for hardware wallets), then there’s no need for anything extra.
Who Should Use Ledger Nano S Vs. Ledger Nano X?
Just about anyone interested in a secure hardware wallet can use the Ledger Nano S. It’s one of the most popular wallets on the market, suitable for both beginners and more advanced users. For those who can afford it and want the extra features, the Ledger Nano X might be a better choice.
Conclusion
If you need a hardware wallet as cold storage is intended, so planned, non-frequent use, go for the Nano S. There is no better choice. If you are always onchain and need to operate in mobility, or if you already manage your funds with a software wallet (mobile application), the Nano X represents a significant security improvement. If you are on the paranoid side, go for the Nano S. It is more secure than the Nano X. Ledger would argue on this, but a cybersecurity professional would not.
