Table Of Contents
- What is a Litecoin Wallet?
- Top 9 Best Litecoin Wallets
- Ledger Nano S(Hardware Wallet)
- Trezor(Hardware Wallet)
- Jaxx(Mobile &, Desktop Wallet)
- Uittocht(Desktop Wallet)
- Litecoin Core(Desktop Wallet)
- Rahakott – a fresh secure multi-currency wallet
- LoafWallet(Mobile Wallet)
- Electrum-LTC(Desktop Wallet)
- Liteaddress(Paper Wallet for Litecoin)
Litecoin is the world’s very first altcoin which wasgoed created te 2011 by Charlie Lee, and like Bitcoin, it is also an open-sourced P2P digital currency.
But unlike the veelbewogen surges te other crypto-coins, Litecoin has remained consistently ter the list of top Five cryptocurrencies te the world by market cap, and it has also proved to be a relatively safe bet ter comparison its peers.
Joy fact: Ter the last six months, Litecoin has grown more than 2000%, and is still enhancing steadily.
Litecoin is a decentralized currency used globally and permits the users all overheen the world to make payments ter an instant and instantaneous manner. It is operated on the technology of block chains and does not have any centralized authorities. Litecoin has an enhanced efficiency and provides security. It offers finish financial control to the users and permits quick transactions.
Thesis are the reasons why Litecoin has become more precious ter latest days.
Many investors are now looking for ways to securely store their Litecoins, so wij thought of coming up with a list of reliable and safe Litecoin wallets.
Your Litecoin wallet will be perhaps the most significant device you have for securing and protecting your Litecoins. That’s why it’s very significant to make sure you take some time to familiarize yourself with them!
What is a Litecoin Wallet?
A Litecoin wallet is a software program or an application that permits you to send, receive store your Litecoins (LTC) securely.
There are different types of wallets available on the market. Some wallets concentrate on security while some are effortless to use but compromise security. Some wallets permit you to check your transaction history instantly. On the other forearm, some wallets need to be connected to their respective portals/sites te order to check the history or manage funds.
The most secure wallet is the one where the Private Keys are wielded by you. If you store your LTC on an exchange or webpagina where you do not own the private keys, then you might lose your Litecoins te an event of a hack.
Wij believe that a secure crypto wallet should fulfill the following criteria:
- The wallet should have an activedevelopment community or the company should be reputable.
- It should provide a backup and restore
- The wallet should be effortless to useand navigate.
- It should be compatiblewith different operating systems and devices.
- It should permit you to control your private keys.
Make sure that all thesis above points are fulfilled before selecting any cryptocurrency wallet.
Web wallets – Your Litecoins are stored on someone else’s sever.
Desktop / mobile wallets – Your Litecoins are stored on your device (e.g. your laptop).
Each type of wallet has its advantages and disadvantages. Offline wallets are considered safer because someone will need physical access to your pc to steal them. However, you will also be able to send Litecoins only from that specific device. Web wallets are riskier because someone can hack the companies’ servers and steal your coins. On the other mitt they can be used from anywhere ter the world.
Some wallets are free, while other wallets charge fees for various transactions. Make sure you read any fine print when choosing a wallet. Also, you should pay close attention to any fees, spil they can add up very quickly.
Hardware wallets – Thesis wallets are a petite lump of hardware which store your private key securely. The device is connected to your pc via a USB portal. Thesis types of wallets are the most recommended because they permit you to send and receive Bitcoins with finish security spil all of the “important stuff” is done offline on the hardware device. However, they also come at a price.
So without further delay, here is the list of different Hardware, Web, Desktop and Android wallets available to store your LTC securely.
Top 9 Best Litecoin Wallets
Ledger Nano S(Hardware Wallet)
Ledger Nano S is one of the most popular and secure wallets presently available ter the market, and it supports Litecoin.
Ledger Nano S is a Hardware wallet. This means that you own the private keys of the wallet thus your Litecoins are enormously safe.
It comes with an inbuilt OLED screen and te a stainless stengel assets, which makes it sturdy and attractive at the same time.
This wallet needs to be configured when it is used for the very very first time. You need to set a password (Private Key) and then you will get a 24-word phrase (Seed Key). This Seed Key will be required if you leave behind your Password, which means that you need to store this Seed Key securely. There will be no way to access your wallet everzwijn again if you lose this Seed Key.
Significant Note: It’s very recommended to make 2-3 copies of the seed key and store them te safe places.
Ledger costs around $65. However, it’s worth if you want to store your currencies without any worry.
And if you are a multi-currency paramour, the superb news for you is that Ledger Nano S permits you to store them spil well.
When Bitcoin price has skyrocketed, more and more people embarked worrying about its security.
Hence, the Trezor wallet wasgoed born ter a Czech Republic-based company known spil SatoshiLabs, making it the world’s very first HD wallet that came into existence, and being the oldest player ter the industry, Trezor has a giant reputation.
Along with Litecoin, Trezor supports 6 other cryptocurrencies, including:
Trezor has a petite OLED screen which shows a randomly generated nine digit speld code every time you want to access it. There is also a 24-word recovery seed to keep your funds safe ter an offline environment. You will need this seed te case you wish to restore the wallet.
Trezor is a very light and portable device, similar to the Ledger Nano S, but is a bit more expensive and costs $99.
It is available te Three colors – white, black, and gray.
Jaxx(Mobile &, Desktop Wallet)
Jaxx is popular multi-currency blockchain interface wallet that permits you to lightly manage your cryptocurrencies on desktops and mobile.
Jaxx is a excellent option for day-to-day use or accepting payments on the go, but it should not be used for large amounts of Litecoin.
It is an HD wallet that supports 13 cryptocurrencies (including LTC) and permits to exchange currencies using Shapeshift. This is an amazing feature because it permits you to exchange any of your cryptos into any other crypto.
Being an HD wallet, Jaxx permits its users to restore their funds with a 12-word backup seed key feature. This wallet is fairly safe to store your Litecoins because you own the private keys and you can also uitvoer/invoer keys whenever required.
Jaxx has an active development community, which has given it an effortless to use interface.
Jaxx is available on Chrome and Firefox extensions, iOS mobile/tablet, and Linux/MAC desktop versions.
If you are looking for a Free Litecoin wallet, then you undoubtedly have to attempt Uittocht. This is also my beloved desktop wallet.
This wallet has a truly attractive User Interface, and is absolutely free to use and is utterly safe. The only drawback is that this wallet can only be used on a pc (Windows, Mac, and Linux).
Leegloop is a multi-currency desktop wallet that supports Litecoin, Bitcoin, Ethereum and other cryptos. It is backed by an active development team lead by JP Richardson and Daniel Castagnoli.
I like the fact that Exodus’s ease of use isn’t compromised by a lack of security. You will get a 12-word seed key. The seed key would be needed if you want to restore/recover your wallet te case your rekentuig gets bruised.
For multi-cryptocurrency paramours, there is even an inbuilt ShapeShift converter, which you can use to exchange your cryptocurrencies instantly.
It’s significant to note that Leegloop team is fairly active and te case you face any issues, you would instantly get the solution.
Litecoin Core(Desktop Wallet)
Litecoin Core is the official Litecoin Wallet and being an official wallet, it is utterly safe to store your Litecoins. This wallet is absolutely free to use and is available on their webstek.
Litecoin Core is a free to use desktop wallet, which means that if you commence using it, your desktop will become your LTC wallet, and your private keys will be stored there on the desktop itself.
And reminisce that core wallets sync with the entire blockchain, so this could take a loterijlot of time (up to 4-5 days).
It is now available for Linux, MAC, and Windows.
Rahakott – a fresh secure multi-currency wallet
Rahakott is a cryptocurrency wallet that permits anyone to send or receive digital currencies and to monitor their balance.
You can use the wallet to monitor your balance online from anywhere.
There is no need to loom ter to Rahakott with your e-mail address, telephone number or an username: you simply come in a mnemonic phrase.
The system is also secured by two-factor authentication. You can also use Rahakott to create numerous wallets from a single account – for example, if you want to create sub-accounts for specific business relationships.
Rahakott wallets are also “algoristic”, according to a probe by NewsBTC. com, which means that for each transaction fresh addresses are generated to increase the anonymity of users.
The Rahakott Wallet wasgoed introduced on November 12th.
Developed by Charlie Lee, the creator of LTC, LoafWallet is the very first iOS-only mobile wallet for Litecoin.
This wallet is backed by Litecoin Association, a sultry group of volunteers who want to promote LTC. It also has a group of active developers behind it.
LoafWallet is elementary to use and has a very clean interface. It also permits you to restore your funds by using a 12-word backup seed key. Thesis features make it a fine choice for beginners.
It also has an inbuilt feature that permits its users to directly buy LTC from Coinbase instantly.
This is a free wallet and is available only for iOS users on the Apple App Store!
Electrum-LTC is also a Desktop wallet. However, it is a bit quicker and lighter than Litecoin Core.
Electrum-LTC is a lightweight Litecoin desktop wallet that does not sync the entire Blockchain thus you can embark using it spil soon spil it is downloaded.
It is a deterministic wallet providing its users a 12-word seed which makes sure that your funds are safe and secure. It is SegWit-enabled, and it provides another feature where you can ‘freeze‘ your funds i.e. no one can send the Litecoin from that address.
However, I wouldn’t recommend this wallet at all for those who are fresh to cryptocurrency world, because it does not have a clean UI and looks too much techy.
It is now available for Linux, Windows, and Mac OS X operating systems.
Liteaddress(Paper Wallet for Litecoin)
Litecoin Paper Wallet is flawless for those who have a large amount of Litecoins and want to store it for a longer period of time.
If you are convenient using paper wallets, you can make one at liteaddress.org. You can go this webstek and create your pair of private/public keys, and you need to store it te a very safe place.
Unlike Hardware Wallets, Litecoin Paper Wallet is one of the safest and cheapest ways to store your Litecoins offline. However, if you don’t know how to decently treat a paper wallet, this can be tricky and a little bit risky.
Significant Note: It’s very recommended to make 2-3 copies of your Paper wallet and store them te a safe place.
So thesis were the Top 8 Best Litecoin Wallets presently available ter the market.
Litecoin is almost 6 years old te the crypto world, and the future of Litecoin is fairly bright and you voorwaarde invest some of your funds into it for long term profits. It primarily had a slow growth. However, after Charlie Lee’s terugwedstrijd spil a total developer, and also SegWit activation, Litecoin has had fairly a good price rally.
I am sure many users will be on the lookout for more wallet options for LTC. However, more choices will be available for each type of user spil the technology matures.
Until then, I will keep on attempting out more Litecoin (LTC) wallets and add them to this list.