The private key can be seen as the password of your Litecoin account. This wallet needs to be configured when it is used for the very first time. You need to set a password and then you will get a24-word phrase .

A private key is what proves ownership of a Litecoin balance. Private keys unlock Litecoin located at that particular address and they are usually stored in your ADA Litecoin wallet and are encrypted by a password that is set by you. In the first tab ‘WALLET,’ you will see the balance of all available coins and generated crypto wallet addresses of different currencies, including your Litecoin address.

How Does Litecoin work & where can I get a Litecoin Wallet?

It’s best to avoid them, and if you have to use them, don’t keep a lot of money in them. With CryptoWallet, you can make Litecoin transactions to other crypto-holders, or connect to your crypto debit card to spend Litecoin as real money in stores. This solution is still a basic storage-only app, with no added features such as a debit card, bank account number, or affiliate program.

You can purchase Litecoin on most leading cryptocurrency exchanges and directly in Litecoin wallets that come with built-in exchange support. If you plan to buy and hold Litecoin for the long term, for example, a wallet with a robust security framework, such as Guarda Wallet, is probably the right option for you. Available on mobile, desktop, online, and as a browser extension, Guarda Wallet allows users to seamlessly manage their crypto portfolio at home and on the go. Guarda Wallet is excellent for beginners and advanced users alike who value security and the ability to store a large number of digital assets.

Jaxx (Mobile & Desktop Wallet)

The device will go on holding your crypto offline, where it cannot be hacked or stolen. Even if your hardware wallet is lost, you can buy a new one and input a code you received when you set up your first device. This will make all of our cryptocurrencies reappear on the new device.

• That’s why many users prefer beginner platforms – which are usually hot wallets – that deal with the technical side of things and provide an easy interface for users.
• Always check exchange fees when buying assets directly from a wallet.
• While a bit safer than web wallets, software wallets are still considered hot wallets – wallets that are connected to the internet and therefore are more prone to hacks and theft.
• It is the only alt-coin that has a more than a 2000% spike in its value.
• This kind of paper wallet can be easily created for all the cryptocurrencies because the process of creation is the same for all.

Deposit your to YouHodler wallet and get $10 deposit bonus for free. Buy, sell, borrow, convert and multiply your Litecoin coins via Multi HODL and Dual Asset Mining. “In our daily life, we all still need traditional financial services, but we do not want to miss out on opportunities opened by modern finance…” Since launching in 2012, Bankless Times is dedicated to bringing you the latest news and informational content within the alternative finance industry. Our news coverage spans the whole crypto-sphere so you’ll always stay up to date — be it on cryptocurrencies, NFTs, ICOs, Fintech, or Blockchain.

As the cryptocurrency industry evolves, users are coming to expect more advanced features than a simple one-use solution to store a single currency. Modern types of wallets can contain a host of added features. Litecoin is an increasingly popular choice in the growing cryptocurrencies industry, and safe storage is an absolute must. These days, as innovation continues to make breakthroughs in the crypto industry, there’s no excuse for using sub-par wallets. We’ve made a list of wallets that are safe, reputable, and effective to make your choice an easy one! Read on for a full review of the best Litecoin wallets you can use to store funds in 2022.

Atomic is a decentralized multi-currency desktop wallet, also available as a mobile wallet app. It supports more than 300 cryptocurrencies, has built-in Cryptocurrency Exchange, Staking, and Buy Crypto features, as well as 24/7 live support. It has become truly famous for its convenience, user-friendly interface, lack of operational costs, and security. The latter is ensured by the fact that your crypto is entirely under your control, as your private key is stored only on your device ; this offers full control over your assets. We provide you with the options to manage, exchange and buy LTC with a bank card. Along with its brokerage services, Huobi Global also provides a decentralized software wallet, where users can store their cryptocurrencies.

Best Litecoin wallets for LTC

Discover which one is the best Litecoin wallet for you and learn how to store your LTC securely. Abra – Abra is a relatively new player on the market, giving users the ability to store Litecoins directly on their phone. Additionally, users can invest in 28 other cryptocurrencies.

best ltc walletcurrency wallets offer great security to the users along with allowing them to buy and exchange their litecoins. The developers of Litecoin have also developed a wallet exclusive to litecoins. If you decide to convert your savings into cryptocurrency or to start earning cryptocurrency, you need to choose a reliable wallet for it. Litecoin wallet is an application that allows you to manage your Litecoin Private key and send or receive LTC. Such wallets exist in web/desktop, mobile, hardware, and paper versions. The most secure ones are hardware wallets; however, they may get fairly expensive and are not as convenient for everyday use .

Here is a list of our partners and here’s how we make money. Coinomi is our top choice in this category because the wallet is a one-stop shop for crypto investors looking to buy, swap, stake, and exchange crypto all in one place. Users can buy, stake, and convert crypto using the desktop or mobile versions of the wallet. It is a lightweight wallet in such a way that you don’t need to store the whole blockchain in your personal computer. The downside is that it has limited compatibility to other software and when it’s not connected to any device.

ZenGo is an innovative mobile crypto wallet that allows users to retain custody while offering easy access. Learn about the security features of the COLDCARD Mk4 — a Bitcoin-only hardware wallet. After developing a keen interest in traditional financial investing, James transitioned across to the cryptocurrency markets in 2018. Writing for cryptocurrency exchanges, he has documented some of the key blockchain technological advancements. James has a Masters of Science from the University of Leeds and when he isn’t writing, you will either find him down at the beach, reading or at the nearest live music event.

Litecoin Core also doesn’t offer two-factor authentication, which may be less secure than other wallets with more advanced security features. Litecoin was one of the earliest altcoins and is one of the few that has stood the test of time to remain a popular digital currency today. Exodus is one of the best desktop software wallets which supports multiple cryptocurrencies including Bitcoin, Dash, Ethereum, ZCash as well as all others. Using this kind of wallet, you don’t risk your private keys online, because it doesn’t need internet connection to store your cryptos.

Ledger’s Nano X is a hardware multi-coin crypto wallet that supports LTC among a host of other cryptos. Ledger also offers the Nano S and other Ledger options, all of which are multicurrency wallets. When considering Litecoin wallets, we recommend focusing on security, ease of use, and compatibility with other cryptocurrencies. We are not qualified advisors, and none of our content is a licensed investment advice, nor is it a replacement from certified financial planner. Do your own research before investing in any cryptocurrency project, and always invest what you can afford to loose. However, this website is readers supported, and it’s free for you to use, but we include link to products or services we think are useful to you.

Litecoin represents a Bitcoin fork that features faster block creation speed, lower transaction fees, and increased total supply. The project was founded in 2011 by Charlie Lee, a real and active person, unlike Bitcoin’s Satoshi Nakamoto. The Litecoin project became one of the leading cryptocurrencies on the market.

Many people across the world are using this desktop wallet because it is absolutely free. It gets synchronized with the entire blockchain of the currency for added security. The sky rocketing values of the top cryptocurrencies have given rise to many altcoins also. There are more than 1300 different coins being traded across the world.

This wallet can operate on Windows, Apple, Linux, Android, and iOS, enabled computers and mobile devices. Users get 3 transaction speed options depending on the transaction fees paid by the users. Probably the most popular crypto-cold wallet, the Ledger Nano S provides high security with its secure chip and a proprietary operating system. Your private keys are created in its secure chip, which keeps them offline from the internet. The Ledger Nano S wallet also has a screen that allows you to verify and confirm your outgoing transactions. Users can store more than 1100 cryptocurrencies and tokens on this wallet.

https://www.beaxy.com/ developed its own non-open source, highly-secure operating system called BOLOS. This is the operating system seen on the Nano S and Ledger Blue. BOLOS is stored on the certified secure chip within the Ledger Nano X. It has a lot of security features. Litecoin is a decentralized currency used globally and permits users all over the world to make payments in an instant and immediate manner. It is operated on the technology of blockchainsand does not have any centralized authorities.