Best 5 Litecoin Wallets for Beginners

There are many Litecoin wallet options, for computers, mobile devices, and even within special hardware products made just for this purpose. By the end of this guide, you’ll be able to select, download, and use any of the best Litecoin wallets available in today’s market. With Guarda, you remain in control of your keys at all times, and your funds cannot be used by anyone else.

The app is free and easy to download and is compatible with iOS and Android systems. This Litecoin wallet is a multi-coin wallet providing a good selection of crypto assets, including Bitcoin, Ethereum, Dogecoin, Ripple, Cosmos, Bitcoin Cash, etc. Plus, it supports more than 10 stablecoins, including those based on ERC20, TRC20, TRC10, EOS, and ONT tokens.

Features

Multi HODL The most user-friendly trading service in crypto. No order placements fee.Crypto Loans Get cash loan for more than 50 coins as collateral. Bank and credit card withdrawals.Dual Asset Combines yield generating strategies from DeFi with traditional FinTech simplicity. Since Litecoin is a very popular cryptocurrency, there are many wallet options available depending on the amount of convenience and security you’re aiming at. Make sure to choose a wallet that is known and respected in the Litecoin community since there have been scams in the past involving fake wallets.

It also offers 2-factor authentication when crypto holdings are being used online. Best of all, CryptoWallet offers a free crypto debit card which allows you to spend your Litecoin directly from your wallet, anywhere that accepts regular debit card payments. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Do I need a Litecoin Wallet to Buy or Trade LTC?

Paper Wallet is perfect for those who have a large amount of Litecoins and want to store them for a longer period of time. If you are looking for aFree LTC wallet, then you definitely have to try Exodus. It also has an inbuilt feature that allows its users to directlybuy LTC from Coinbaseinstantly. Developed byCharlie Lee, the creator of LTC, LoafWallet is the first iOS-only mobile wallet for Litecoin.

Read our updated guide on top proof of stake cryptocurrencies. And if you are a multi-currency lover, the great news for you is that Ledger Nano S allows you to store them as well. However, it’s worth if you want to store your currencies without any worry. Litecoin wallets come in all sorts of lovely shapes and sizes.

Cold Storage is perfect for large balances of cryptocurrencies like Litecoin, and/or those balances which you plan to store for months or years to come. Like all cryptocurrencies, Litecoin must be stored in a digital wallet in order to be accessible to its owners. Litecoin wallets are pieces of software that make Litecoin ownership easy.

You will need this seed in case you wish to restore the wallet. These wallets have backdoors for hackers to easily steal your private keys and take off with your money. Other wallets are just built by bad developers who leave vulnerabilities in the wallet unbeknownst to them. Then, you have perfectly well-made wallets that just happen to lack high-quality security features like 2FA, security audits, etc. That being said, there are plenty of secure LTC wallets out there so don’t be afraid. Some wallets even come with insurance to protect your funds in the event of a bad event (e.g. like YouHodler wallets for example).

best ltc wallet enables users to not only manage their LTC but also exchange Litecoin via a built-in exchange engine powered by Changelly. In addition, you can easily buy LTC for a bank card right in the app. It even has an inbuiltShapeShiftconverter for multi-cryptocurrency lovers. You can use this feature to exchange any one of your currencies into another one.

In this case, your private key is stored on your desktop or mobile device. This means you have complete access to your private keys (i.e. non-custodial wallets). It is an HD wallet that supports 80+ cryptocurrencies and allows its users to restore their funds with a 12-word backup seed key feature. These are a “public key,” a series of characters that acts as an account number, and a “private key,” a string of characters used as a password. Addresses are stored in hardware devices as well as online, web, desktop, or paper wallets.

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. This is an older-style wallet type compared to some more modern solutions. The wallet also supports the EUR and GBP fiat currencies, and users can buy crypto with fiat cash in the app. 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. This is a Litecoin paper wallet which is good for storing a large amount of LTC for a long term period.

Furthermore, while each asset has its private key, the 12-word phrase controls them all. This phrase provides you with continuous access to your assets and is the most critical part of wallet security. It comes with a private password, encryption, and a 12-word seed phrase saved on your device, giving you complete control over your assets. Users, as well as their data and transaction history, remain anonymous to the Atomic team. It is a good alternative for Ledger Nano X hardware wallet users because it can be connected to through Bluetooth and paired with the Android Ledger Live software.

Again, options like Coinbase are few but do accept fiat currency payment options like credit card. Fortunately, more wallet solutions that accept fiat are entering the space every day. You should quickly see your Litecoin wallet already active within your Infinito Wallet. It will contain your Litecoin wallet address, to which you can send any amount of Litecoin. To ease your efforts and narrow down the list of the available wallets, we have researched several of them and filtered out the following ones.

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade BNB hardware such as GPU to mine those coins.

It also allows you to restore your funds by using a 12-word backup seed key. Litecoin is a fast, high-powered, decentralized peer-to-peer digital currency. It’s ideal for making transactions worldwide but to do that, you’ll first need a wallet to hold your Litecoin. Since Litecoin is its blockchain, the first and most important question you must ask yourself is what wallets support Litecoin? Once you answer that question, you can get into details like interface style, user-friendliness, extra features like savings accounts, security, and more.

https://www.beaxy.com/ Trust Wallet for Litecoin The mobile app works with several crypto tokens and blockchain wallets. Receive, send, store and exchange your cryptocurrency within the mobile interface. 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.

• Because our content is not financial advice, we suggest talking with a professional before you make any decision.
• Ledger Nano S is one of the most popular and secure wallets currently available in the market, and it supports Litecoin.
• Because the Ledger uses offline storage, these wallets are very difficult to hack remotely.
• On top of that, the team runs regular security audits to ensure all wallets are secure from malicious actors.

Seamlessly monitor and control multiple wallets within a secure, feature rich and easy to use platform. To store and manage Litecoin, you need a compatible crypto wallet. Whether you’re looking to keep your coins safe and HODL or manage them on a daily basis, Ledger has the right product for you.

Bitcoin wallets can live on your phone or computer, for everyday use of your personal funds. They can also exist in specialized hardware devices, safely disconnected from the internet. Some of them are made for computers, others for phones, while still others are operated from websites. Wallets can also be built into hardware devices used exclusively for this purpose.

Each wallet can be further secured with an individual PIN for maximum security of your digital assets. Some focus on security while others focus on an easy user interface. Before selecting the Litecoin wallets, we should keep the following factors in mind. Storing your litecoins in this wallet is quite safe because it also offers the users to operate the wallet with the help of private keys that are stored within its interface.

You need to use a program to manage your Litecoins, it will keep your private keys and provide additional functions such as sending, receiving, exchanging, and more. With these programs, you’re able to manage and control your funds. Exodus users are responsible for storing their own recovery phrase.