I went through P4 Provider's 23-minute walkthrough of the Ledger Nano X, published on May 30, 2024, and the part that stayed with me is how much of the security ends up on a sheet of paper. The presenter, Tanveer, unboxes the device, sets a PIN and a 24-word phrase, installs apps for nine networks, moves BNB in from Binance and sends part of it back. The tapping takes minutes. The habits around the 24 words take longer, and they are the part worth copying most carefully.
What the Ledger Nano X is
A hardware wallet keeps your private keys offline and signs a transaction only after you confirm it on its own screen. The Nano X has two buttons, a small screen, Bluetooth for pairing with a phone and a USB-C port for a computer. You navigate with buttons rather than a keyboard or mouse.
That arrangement matters because of where the keys sit. When coins stay on an exchange, the exchange holds the keys and you hold a promise. On a hardware wallet, the 24-word backup you write down at setup rebuilds the keys if the device is lost. The creator repeated the old line, "Not your keys, not your crypto." I find the plain version easier to remember: whoever has the 24 words has the money.
The companion app is Ledger Live, available for Android and iPhone and as a desktop program. At the time, the creator showed it with a 4.9 rating on the Apple App Store. You install support for each network, create accounts and start the send and receive flows there, and the device approves each action over Bluetooth.
What comes in the box
The box arrived shrink-wrapped, with a lid that shifts colour, and the creator opened it on camera. Inside were the Nano X itself, a USB to Type-C cable, a user guide, three blank recovery sheets and a set of Ledger stickers.
The recovery sheets are the part that matters: blank cards with numbered lines for the 24 words you are about to generate. The creator filled them in order on screen. I would treat the wrap and the seal as a check in themselves. Buy only from the maker or an authorised seller, and if the packaging looks opened or resealed, do not put real funds on that device.
Setting up the device: PIN first, then 24 words
The device offers two paths at the start: Set up as new device, or Restore from recovery phrase. The second is for someone who already has a phrase from an earlier wallet. The first is the one to take with a new unit.
These are the steps as shown.
- Install Ledger Live on your phone or computer from the official listing before you begin.
- Press the right button to move through the welcome screens until the setup options appear.
- Choose Set up as new device.
- Choose a PIN of 4 to 8 digits. Use the buttons to change each digit, press both buttons together to move to the next position, and use the back option at the top if you mistype.
- Write the 24 words on a recovery sheet in the order the device shows them, one line per word, checking the spelling as you go.
- Press the left button to verify, then re-enter the words in reverse order, from number 24 back to number 1.
- Confirm the phrase again by selecting each word in order with the buttons and pressing both to lock it in.
- Put the sheet somewhere offline and never photograph it or keep it in a cloud note.
The screen then says the phrase is set and asks you to keep it in a safe place, followed by two warnings. If the phrase is lost, stolen or forgotten, the assets go with it, and Ledger will never ask for it.
Two details deserve a flag. The creator chose an easy PIN on camera and told viewers not to copy it. He also generated the phrase on a demo wallet that he said he would delete afterwards. I would still treat every word that appears on a screen as burned. A backup is only as private as the last place it was displayed, and any phrase that has been photographed, filmed or pasted into a chat should be replaced.
Pairing the device with Ledger Live
Pairing is short. Tap Get started, accept the terms, and because the device was already set up, choose Access your wallet rather than Set up your Ledger. Then tap Pair your Nano, allow Bluetooth access for the app and pick the device that appears in the list. In the video it was labelled Nano X C913.
Both screens then show a six-digit pairing code, 980132 in the video, and the two have to match before you confirm. That check stops you pairing with the wrong device by accident. The creator confirmed on the phone, allowed the authentication request on the Nano X, and the app reported that pairing had succeeded.
Two messages follow that matter more than the rest. Ledger Live shows "Your device is genuine", the app's check that the hardware is authentic. It also offered a firmware update, which the creator postponed, saying it needs a computer connection. I would not postpone that step with real money already on the device.
Installing apps and adding accounts
The wallet does not support every coin out of the box. Each network has an app that has to be installed on the device first, and until it is there you cannot create an account for that chain or receive its coins. The creator installed Bitcoin, Ethereum, Solana, BNB Smart Chain, XRP, Tron, Polygon, NEAR and Cardano, one after another, from Ledger Live.
He then tapped Go to accounts and unlocked the device with the PIN. The list of chains appears in the app, each with its own account. Adding an account generates a fresh address, and the device asks you to verify that address before you use it. The pattern repeats for every network: install the app, add the account, verify the address on the device.
Bitcoin adds one extra choice. The app shows three address types, Legacy, SegWit and Native SegWit, and the creator's advice was to note which one you picked. A withdrawal from an exchange has to go to the same type, so write it down or check the label in the app before you copy anything.
Receiving: how the BNB deposit worked
The receive flow, as shown.
- Open Ledger Live, go to the Wallet tab and tap Receive.
- Select the coin and network you want, in this case BNB Smart Chain.
- Reconnect the Nano X when the app asks, and let Ledger Live create the account if it offers to.
- Tap Verify my address and compare the address on the phone with the one on the device screen, character by character.
- Approve on the device once the two match, then copy the verified address.
- On Binance, open Withdraw, choose the crypto network option, paste the address and select BNB Smart Chain (BEP-20).
- Enter the amount, confirm the withdrawal, wait for the exchange to process it and refresh the Ledger Live balance.
The address check is the step I would never skip. Ledger Live calls it critical for securing the transaction, and the reason is simple: malware on a computer can replace a copied address with another one, so the device screen is the only version you can trust. The creator read his address in chunks, matching the start, the middle and the end on both screens before approving.
The amounts from the deposit look like this.
| Step | Amount | Where it appeared |
|---|---|---|
| Sent from Binance | 0.1 BNB | Binance app |
| Received in the Ledger account | 0.0994 BNB | Ledger Live |
| Balance shown after refresh | $54.02 | Ledger Live |
The difference between 0.1 BNB and 0.0994 BNB is the exchange fee taken before the coins left. The dollar figure is Ledger Live's own conversion at the time, so it moves with the market.
Sending back out and reading the fee screen
To send, the creator tapped Send on the BNB Smart Chain account and pasted his Binance deposit address, copied from Binance's BEP-20 address for the same network. The app answered with a warning: auto-verification was not available and the address had to be checked carefully.
He chose the maximum balance, then picked a fee speed. Slow was quoted at $0.03 to $0.04 and fast at $0.15, and he settled on medium. The transaction then had to be approved twice, once with the PIN on the device and once by pressing both buttons on the transaction details, with the destination address matched at the start and end on both screens.
The app proposes a transaction and the hardware shows you what you are actually signing, including the amount and the address it leaves for. That is the point of the second approval. The return leg arrived at Binance as 0.078 BNB.
A block explorer link in Ledger Live shows the rest: which address sent the coins, which one received them and how many confirmations the transaction has. I would keep that habit. A higher fee buys faster inclusion, not a guarantee, and network fees move with congestion, so the numbers above describe one BNB Smart Chain transfer at one moment.
Ledger Live also shows swap and staking options on the account screen. The creator started a swap from BNB into Bitcoin and the app rejected a small amount for being under the minimum, a useful reminder that the built-in services have limits of their own.
The security model in plain terms
The device spells out its own model on screen. The 24 words are the only backup for restoring your accounts, the PIN is a local lock, and the phrase is never to be shared. The creator made the same point: the PIN protects the device, while anyone holding the phrase can restore the wallet somewhere else and move the funds.
That is why the recovery sheet matters more than the hardware. Lose the device and you buy another one and restore from the sheet. Lose the sheet and no support line can help you. Hardware wallets generally wipe themselves after a run of wrong PINs, so the sheet is also what saves you from a forgotten PIN.
Devices in this class usually keep keys inside a chip built to resist extraction and sign transactions on the device, so the key itself never reaches the phone or the computer. The video does not cover the device's price or how its firmware is developed, so check Ledger's own site for both before you buy.
The phishing angle is worth stating plainly. No legitimate wallet maker asks for your 24 words, whether by email, chat, phone or a page that claims to validate your wallet. Any site that asks you to type them is taking the funds. The same goes for the PIN.
Where the video is strong and where I would slow down
The strength is the full loop. A sealed box becomes a working wallet, a real deposit arrives, a real withdrawal leaves, and every step shows the device screen rather than only the phone. The fee numbers appear as they do in the app, and the address matching is done twice.
What I would do differently starts with the firmware update postponed to a later computer session. I would finish it before the first deposit. The easy PIN on camera is another habit not to copy, even for a demo wallet.
Showing 24 words on video is a teaching shortcut that costs nothing on a throwaway wallet and a lot if a viewer repeats it with a real one. The safer lesson is the one the device prints on screen: write it by hand, keep it offline, never share it.
Reading an address by eye is practical but limited. The creator checked the start, the middle and the end, which is realistic, and it only works because the device shows the same string. Trust that screen over anything on the phone. Bluetooth is convenient for exactly this kind of checking, though a cable removes the wireless link from the picture if you prefer.
Who the Ledger Nano X suits
The wallet fits someone who plans to hold coins for months or years and wants the keys off an exchange, especially across several networks, since the same device holds Bitcoin, the EVM chains, Solana, XRP, Tron, NEAR and Cardano accounts side by side. The phone app makes the checking steps bearable on a small screen.
It fits less well for someone who moves funds every week. Each send needs the device, the PIN and a button press, and each account needs its app installed first. Anyone holding a very small balance should weigh that friction and the cost of the hardware against what is being protected. The creator framed his video around ordering and using a hardware wallet in Pakistan, which tells you who he had in mind.
What to check before you move real money
Buy the device from Ledger or an authorised seller, check the seal, and confirm that Ledger Live reports "Your device is genuine" before anything else. Finish the firmware update on a computer first. Then write the 24 words by hand, on paper or metal, keep them offline, and never type them into a website, a chat or an app.
Start with a small transfer, verify the address on the device screen, and only then send the rest. Note which network you used, BEP-20 rather than ERC-20 or the other way round, and which Bitcoin address type you chose, because a mismatch on either can lose the coins. If a page or a person asks for the phrase, stop.
The habit from the video I would keep is the pause before pressing both buttons. It is the last moment when you can still see the amount and the destination, and the only moment that matters if something has gone wrong.
