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The Ledger Nano X is a hardware wallet developed by Ledger, a company that specializes in the production of hardware wallets for securely storing cryptocurrencies. A hardware wallet is a type of cold storage, meaning that the private keys are stored offline, providing an added layer of security against hacking and other types of digital theft.
The Ledger Nano X is a portable device that connects to a computer or mobile device via Bluetooth, and it has a larger screen than its predecessor, the Ledger Nano S. It supports more than 1500 cryptocurrencies, including Bitcoin, Ethereum, and many others, and it allows you to manage and store your private keys offline.
The Ledger Nano X has a built-in battery and can store up to 100 applications, meaning that you can store multiple cryptocurrencies on the same device. Additionally, it features a Ledger Live mobile application that allows you to manage your assets and track your portfolio in real-time.
It's worth noting that as with any hardware wallet, it's important to properly secure your Ledger Nano X by keeping your recovery phrase safe, and not sharing it with anyone. Additionally, Ledger Nano X firmware updates are mandatory to ensure the security of your assets and it is always good to regularly update the firmware to the latest version.
*I am not a financial advisor. This is not financial advice and is for entertainment purposes only.
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