Hey Hashoshi, good to see you're feeling better and back to doing videos. You look slimmer! I'm looking forward to the video you mentioned on Cardano. Will that be in tomorrow's Coffee and Crypto?
hahah thanks! it's all the fever water weight I lost I guess? I'm also slimming down during quarantine bc I'm eating less junk I did mention Cardano in Friday's video! hope you enjoyed that. Cheers!
@@Hashoshi4 I did see it and loved that you answered my question in the video - much appreciated! Btw, if you don't mind me asking, was it covid you had after all?
Remove the metal cover, compress it with your fingers and place it again on your ledger. It will fit tighter and stop flopping around. That was the 1st thing I did on my Nano X when I unboxed it!
Your comment about using your existing Nano S as a backup device is pure gold. People, one HD wallet is not enough>>> Backups for backups. Build redundancy into your infrastructure to better protect yourself against loss, theft damage etc. I really appreciate this video, there is no were near enough discussion about protecting your private keys. There is no substitution for HD wallets. Curious to know your thoughts on the Trezor HD wallets. Keep up the great work, "knowing is half the battle."
Glad to hear some positive feedback on the Nano S backup tip! I swear by it. It helps to have redundancy. I make a TON of content about private keys, security, etc. because it's paramount. Stoked to hear of others that are taking this super seriously. Cheers! thanks for watching
Hashoshi, great video. I've used both the Nano S and Nano X for over a year now. Initially, the Nano X was a huge improvement over the Nano S in terms of functionality. However, the user interface updates Ledger has incorporated on Ledger Live for the Nano S have significantly improved the user experience. My take? If you only are holding a few different types of tokens (less than 10), the Nano S will likely be sufficient. If you're trying to store multiple different tokens on a single device, the Nano X will be a big time saver and is probably worth the extra cost.
@@EXPLOSIVEXPLOSION Unfortunately those 3 coins' apps take up the most space. Many of the other coins have much smaller size requirements. But I feel your pain!
Bro, probably best in depth review on youtube. You covered everything i wanted to know for newbie and in depth too. You also didn't promote it by covering negatives. Honest review. I like it. I know when ppl are paid schils. This is how reviews should be done.
To be fair, the setup process with the password phrase feels like a video game tutorial to get the user comfortable with using the Nano X, it might be a simple logic of left, right, and double press but it sticks pretty well after the setup.
Thanks for the review. I still use my Nano S and I have yet to have an issues. But the point you made about using it as a back up in favor of the Nano X warrants consideration.
Great vid!👍 A few comments, you can fix the floppy folding metal cover by simply pulling it off (yes it just lifts off) then press the metal cover together so that you bend it slightly, so that when you put it back on it sits much tighter and doesn't flop about. Lastly the whole Bluetooth attack vector is really a moot point. Why? Because the device needs to be on to be visible. This is NOT an always on device, and realistically the only time you are powering the thing on is when making a transaction, otherwise it is off. That's just the reality of it and nay sayers need to calm down. Lastly you also need to PHYSICALLY unlock the device and PHYSICALLY interact with it. So really the "wireless attack vector" cannot be accomplished without physically accessing it anyway, in which case, cable or no cable is no different. This is a solid device and I love mine!
Joe, thanks for this comment! I will try that with the metal cover. Great tip. In terms of Bluetooth, I agree with you. My point in the video was that of the physical interaction requirements and the fact that the real key material that you're trying to protect never gets transmitted regardless. I agree that it's overblown. Glad you love yours! cheers, thanks for watching
Loved this review ! Could we get a review about ledger live ? I'm considering getting the nano X & just using ledger live. It all around seems much easier than having multiple exchanges & wallets.
Haha perfect timing I got my Nano X in the mail like 6 hours ago, it took all but 2 minutes to figure everything out. For me, the peace of mind alone will forever be enough to warrant the price, I kinda trusted wallets like Exodus but a part of me was constantly worrying about security. I can see myself growing into some of the same issues you presented months/years down the line but for the time being I have zero complaints (obviously as I just got it)
It's worth the $ and the time :) absolutely Glad you're enjoying the wallet and feel free to circle back with any feedback as you use it a while :) cheers
My biggest complaint is the numerous times I have to input my password. Those two thumb buttons are painful. I have arthritis and it hurts to have to keep punching those damn buttons.
If the ledger x becomes faulty or lost. or the company goes broke and ceases operation. Is there a way to safely recover your coins and Tokens without a nano product using the seed phrase to obtain all of your private keys for all coins stored ? Thankyou
@@zacharynorman397 Hi Zachary Yes I have had feedback, it can be recovered with any bip 32 device. How ever I purchased the nano x and finding it a little clunky and I am not sure if I trust it. Not sure it is me but I will persevere. Hope this helps
Something else worth sharing is how the tool works in practice. For example, if I send ERC20 USDT to the Ledger, I have to pay the withdrawal fee in ETH and that is expensive. Such information is also, etc.
Hey dude. Been watching your bids for a while and I heard you were getting married today. Congrats my dude. I love your vids and this honest review of the nano x. Gonna grab one today!
Awesome video! Can you make a video about using the Nano S as a backup to the Nano X? i like the idea of doing this, I just don't quite understand how it works 100%. Thanks, you da man!
likewise! good to be back. Between the two, the Ledger is nicer overall but the SafePal is an unbeatable deal for what it is thanks about the T shirt btw :) cheers
I just purchased a nano x. I found set up etc and transfer easy. My problem is that once i unplugged the device, I realized I can still send crypto from my nano app on my desktop to another account. This is ridiculous, i may aswell just left my crypto in my private coinbase wallet. I thought i was buying a hard storage device, witch it appears not to be. I can throw the device away, and just open the app on my computer and access my crypto. WTF, am i missing something?
So you're saying the nano app holds your private key too and it can sign transactions with the physical hardware wallet disconnected and turned off? Did you find a solution? What was the problem?
Great Video, thanks. However, I believe that the elephant in the room should be...the battery life. How long (as in months or years) does the battery last and what happens to your Crypto after it is gone? Can I simply replace the battery or do I have to buy another NanoX?
I thought the same as you when I went to the website. I found that the battery is good for 5 years. Even though the NanoS has no battery I believe it obtains its power when connected to a computer. I believe the NanoX could operate the same way after 5 years. Can someone please confirm this please?
Well its 1 year later to date since your vid and I got mine 3 days ago. The metal cover seems to be holding quite firm for now. However the battery is not charging, it remains at 0% . So the device only works when plugged into a power source. Setup is indeed a bit tedious and time consuming, but I can live with that. as its purpose is security
Newton is stopping their xrp trades and all xrp will be liquidated by January. I have no idea what to do? all my other coins are still in Newton so no problem there. What's the cheapest way to do this? it's a waste to buy a wallet for just one coin and I want to keep it and not sell it
I am scarred by my poor experience I had with the Ledger Nano S. I will NEVER buy a new Ledger product. Having said that , if I had a Ledger X, perhaps I would not have had any issues. I am perfectly happy with the Trezor Model T.. In the future， I could consider a real upgrade (Forrest has reviewed more expensive and more innovative products in the past). However, it seems to me Trezor and Ledger want to be more than wallets, so maybe we will all need one or the other forever!!
I cannot blame you one bit for that. They ironed out the bad bugs with the Nano X so that's good news, but the Model T is a top to bottom nice wallet. I actually owe it to the T to make a new review :) I love mine
I did a quick coin search to see if the Nano X supports my coins... it supports 4 out of 8 ( I stop counting after that, but these were my 8 biggest assets ). So not entirely sold. Then again, I tried the Trezor and that one also lacks support for several of my coins. But after careful consideration I think I might not go for a hardware wallet solution. Nano X ( which would be one of my top choices ) is too tiny, and therefore easy to lose. Having worked in the tech industry for years, it is well known that the smaller something is, the easier it is to lose. Therefore, if you absolutely need to have a hardware device to store something very valuable, make sure it's big enough. And if all of the hardware wallets are tiny, don't buy any of them.
Is it possible to use your 12 phrase recovery to move keys to an entirely new wallet software, and then create a new wallet in the Nano X to receive new funds?
I find it weird that these hardware wallets still look like a 2000's device. I mean, it's 2021...why do they still have these tiny screens, monochromatic with two damn buttons on top of it?.. Why don't they make a decent hardware with a decent interface and all the safety it already has? What's the point? That somebody will be looking over your shoulders watching your transactions? From that perspective, I think Trezor is a step ahead. Sadly they don't cover so many cryptos as ledger x. To me it looks like a good strategy for continuing launching improved, bigger, easier to use versions in the future off our pockets. In 5 years all these HW wallets will be obsolete.
Hope you're still reading these comments. Just watched the video. Can you explain time stamp 9:55. Storing seed phrase from new Nano X and storing on Nano S. Interested to know more
Interesting video. You mention other cold storage wallets. Have you had a chance to review the Trezor model T?. I’m finding reviews for both products to be all over the map good bad and ugly. Thanks!
My concern, is if Ledger Nano X works in conjunction with the Ledger Live Software, which is a good as an exchange what grantee do I have that the company wont take the Ledger Live system off line completely, then what good is the device anyway because you still run the risk for losing your Bitcoins and Crypto, am I wrong to assume this.??
I just got the Nano X... after setup, Live prompted me to update firmware... I did. Now it is stuck on "Bootloader Mode" and I am getting no help from Ledger. So annoying. Literally opened the box and 5 mins later I have a stuck/dead device.
You don't shift bitcoin, it's always on the block chain. What you do shift is your private key onto a keyring/s of your choice. You don't need a hardware keyring, mobile one is plenty enough for most people and they are free. Write down your seed and delete the "wallet". You can restore them any time.
What happens if you get in your car and it falls out your pocket as your getting in, obviously no one can pass the security. But do you lose all your crytpo?
Hey @hashoshi! Thank you for the advice. Was looking into potentially upgrading from my ledger s, this helped! I just noticed your Molson Canadian sign behind you! As a Canadian myself I find it difficult to find exchanges that with decent crypto/cad liquidity. I'm curious, in your experience what exchange do you use or find most liquid to trade CAD dollar?
Hey Pauly! I'm not Canadian myself but my significant other is from Toronto and that's where I got the sign :) In terms of Canadian exchanges, for BTC, Bull Bitcoin is nice. I also think that there are many who like BitBuy. thank you!!!
Hashoshi, You sir, are a gentlenan and a scholar,,,,,,, I always admire your work ...I too have been using the Nano X since it was released...... I just stumbled on this video by chance ....When I saw that it was made by you I gave it a listen.......I like the way you talk about tech.......... you are very detailed and thorough! Regardless of how much I know, I still learn something from you chief! I too am detailed, even when listening!.........(for example)... a seemingly small subtle nuance_(I noticed that you could've said the word "noobss.") but didn't Let he who have ears listen!!!!! Good on you for not putting THOSE people in their proper place!! A much better term is "Rooks" (rookie) I no longer use that condescending speech........ We should all love Newbs and Rooks...... Because let's face it, they are what make us.......As GREAT AS WE ARE! Do you know that I am kidding about half the crap I just wrote .....I am not even sure how to spell noobs/newbs....... Im thinking I never say she has nice Bewbs! Do you feel me? (not literally bro......... figurlatively ! ha ya literally....... figurlatively! get it? dumb geek joke
I’ve recently experienced glitches on the screen. Major prices differences in the app from the market. I’m concerned. This doesn’t bode well for my future with them. At this point I say it sucks.
Love the content thanks for the informative video! New to the crypto community. When people say “desktop” computer, is that also interchangeable with laptop?
@Sam Adams yes it works as long as it has a compatible usb slot or Bluetooth and also is running on a compatible OS. more than likely both of your laptops will work just fine.
This is absolutely amazing video. Best informational video i have seen. I am really very satisfied with this video. I like it very much. Thanks for this video
So anyone that finds your list of keywords can basically go online and login to your wallet? The only way to be safe is to memorize your keywords which can be quite challenging
Hi there great vid! In your opinion is it worth it to get this device if you take profits regularly and send tokens/coins from ledger to exchanges back and forth…? I am thinking of always sending the exact amount of tokens i want to take profits with from the ledger to the exchange.. I would appreciate your feedback as you said you are using this device daily so I am assuming you do something similar to what I want to do… thanks so much 🙏
The fact that it has a battery is terrible. There’s a reason Edward Snowden would remove the battery from his phone instead of just turning it off. Most people don’t need to be regularly transacting tens of thousands of dollars of crypto while on the go. Might as well just transfer what you need to a properly secured phone hot wallet. The reason people buy a dedicated piece of hardware for storing crypto is for piece of mind that their coins are safe and offline without having to possess the technical expertise to implement an air gapped system. Instead they should focus on making their devices as fool proof as possible and a better overall UX. Most people I know in crypto get nervous whenever they have to make a crypto transaction, not annoyed that they have to plug in their hardware wallet into their computer.
While I acknowledge Snowden’s approach to batteries within mobile devices, I don’t believe these two are analogous. A cell phone is an “always on, always connected” sort of deal, it has connectivity to the internet. None of these wallets do, so a battery is not a gaping security hole or opaque connectivity threat like it is in a cell phone. I agree that UX should be a priority, which is why I think the Nano X is quality. It fits the avg. user’s usage pattern for modern tech. In most of these videos, my point to the audience is to use a Nano X for your day to day, use a more robust open source wallet and/or non deterministic wallet to store long term and never take it out of the safe place. Obviously all personal opinion and by no means am I intending to invalidate your opinion. Thanks for watching and commenting
Hi Hashoshi. Good to see you online again and thanks for this video. Coincidentally I got a new Ledger Nano X delivered to me just yesterday and I'm very pleased with it. The minor issues you mentioned are legitimate, but don't bother me very much.
I bought this early 2022, I reset it and updated Ledger live and now the device wont send or receive...Ledger refuses to help or replace the device and has asked, 'that I video trying to use it then upload it to youtube" for them to decide whether they'll be replacing my device...Ive spent $120 AUD on a useless piece of junk and am being made a mockery of as a consumer. Do yourself a favour and get a Trezor as this is rubbish and so is their support.
i use trezor one and T from the beginning and with exodus now best product ever, but i have also the ledger products for my hardware wallet collection but i don't use them.
Hello Hashoshi: I've written you about my problem with upgrading my Nano S. I had several questions. I really need to upgrade my Nano S firmware but I can't get past the bootlogger. How can you help me, please. If I purchased a Nano X, how do I get my coins off especially since I can't get pass the stuck "bootlogger" screen?
i have Atomic Wallet and I like it. I also have BC Vault as long term cold storage. I recently bot THETA and am having a hard time transferring it to my wallet. Whats an easy way to move it? Also, I want to use another online wallet, one that supports THETA. Which one would you suggest?
So guys I got a question. What the easiest way to get pull money off my Ledger nano X when I have it in xrp and link. Where do I send it to convert it to money I can spend and what’s the cheapest way, seems like I have to get charged fees here and there to get my money... what’s the best way ?
Hey Wade - my recommendation would be to move to an exchange service that offers the best fees and spreads and stick with that. The fees you’ll pay on blockchains are lower than those you’d pay to convert and withdraw so that part is worth it. To keep your privacy in mind, KYC on ONE exchange you like and then use that exclusively. It limits the # of parties who have your personal info and makes things less complicated. Kraken is becoming more appealing lately, and if you are mindful of the spread, Uphold is underrated for withdrawals to fiat. At the end of the day you can’t avoid ALL fees, but the menial ones you pay to move your crypto from wallet to wallet is worth the extra layer of security :) Cheers! Hope this helps. Thanks
hahaha. your comment amuses me. its a fair concern, but no, your bitcoin is your bitcoin. the amount you own never changes. the only thing that changes is the main value as a whole. if it goes up, the value of your stored currency "goes up"
@@SikDigitz thank you for this response because I wondering about that. So if I have 10 bitcoins on coinbase and put it on the ledger nano x... I’ll still have 10 bitcoins but if the value goes up so will my stored bitcoins.
Hi there, what is your take on Ledger Nano X Hardware Wallet, my concern with it is, of what use is it if the Ledger Live platform is removed from the system at anytime, how do you then access your bitcoins, because the hardware wallet itself acts as a Safe to store your pincode that gives you access to the Ledger Live Platform where you can see your balance and transact if you need to. I may be short sighted and hope not, but it seems to me, there is no difference in using your phone to interact with a Software platform or Exchange and even adding Google Authenticator for further security. Please Help, I would love to get your opinion on it.
One thing that was not mentioned is the fact that the software from Ledger is locked to Coinfily. Conifly is terrible. They are so lame that they are not licensed in all 50 US states. So if they are licensed in your state, can you use Coinifly? Well maybe. I live in California, and no matter what I do, Coinifly thinks I am in Atlanta. Coinifly is not licensed in Georgia, so they block me. But, can you use your VPN? I tried that as well. Coinifly blocks any attempt to use them. For me anyway, my Ledger is nothing but a target for a hammer. I assume that a lawsuit will eventually come out of this. Why? Ledger does not advertise the fact that their product is locked to Coinifly, and that there is a good chance you will not be able to use it.
