Litecoin wallet is a software application that allows you to securely store, send and receive your Litecoin.
Some Litecoin (LTC) wallets focus on more security, some focus on its easy-to-use features. Based on the specific requirements: simple, easy to use, free, … that everyone can choose their wallet.
You must know that the safest wallet is one with a private key owned by you. Failure to keep your private key could lead to the possibility of being hacked or stolen.
However, for those who do not have much knowledge, keeping the private key will make their money more dangerous, so make sure you know what you are doing, if you do not know how to secure the private key. let the wallet service take care of itself.
Just keep your phone and computer secure, and avoid viruses detecting.
Each cryptocurrency wallet should have the following characteristics:
- Wallet needs to be secure.
- The wallet community must be active and the company is large and reputable.
- The wallet should provide easy backup and restore.
- The wallet should be easy to use and can be navigated easily.
- The wallet must be compatible with the devices and operating systems being used by the user.
- The sole owner must be you, i.e. the control over the private key is with you. Even the company cannot interfere
And Now, CHK will introduce to you the best wallets for storing Litecoin
Ledger Nano S
Ledger Nano S is a USB-sized cryptocurrency hardware wallet, best for Litecoin transactions. It is multi-asset hardware that looks like a folding flash drive. The best part is that it can store Litecoin, Bitcoin, Ethereum, ERC token and more than 1000 other digital currencies (as of latest update 05/2019). It works like a USB device, when connected to the device that requires the device to confirm transactions.
It is safe and can run many applications, relatively inexpensive, free from attacks and malware. It is a hardware wallet so there is no risk of private keys being exposed to the internet. This is one of the top LTC wallets out there. It can support and store more than 30 cryptocurrencies and can be integrated with multiple software wallets. Ultimately, it is one of the affordable OLED-based hardware wallets.
Trezor is an offline hardware Litecoin wallet, which is a cold wallet that also works like a USB device, works on the Zero Zero Trust Approach platform, helping to minimize third-party compromises. This is one of the best Litecoin wallets, protected with a PIN and gives you a recovery code if your wallet gets stolen or lost. It is especially a Bitcoin wallet but supports more than 20 major cryptocurrencies and hundreds of other altcoins. It is very compatible for Litecoin users. Recovery code and cross-compatibility make it one of the most reliable wallets. It has an easy to use interface and saves from hacking and theft with their tough PIN protection. It just limits communication with other devices. When the USB device is not connected, it will disconnect immediately.
Coinbase was one of the top wallets in the early days of the electronic convenience market. At first, many users in Vietnam liked and trusted by Coinbase is a leading prestigious US company.
With the advantages of ease of use and visibility, and extremely secure, it will give you more peace of mind when storing Litecoin here. If you want to use Coinbase wallet, you can read detailed instructions at this article.
Jaxx is late, but it can be said that it is an extremely easy to use wallet and Ad loves this wallet, Jaxx believes in simplifying the blockchain and attracting the masses into its unique selling proposition. Jaxx is a multi-chain wallet that offers support for seven cryptocurrencies, namely Bitcoin, Litecoin, Ethereum, Dash, Ethereum Classic, Bitcoin Cash, REP, and more. Jaxx gives you full control of your wallet, very easy access with desktop and mobile compatibility. It allows you to quickly convert between Bitcoin, Litecoin, Ethereum and DAO and will also work for all coins, the Jaxx developers integrate in the future. It has been tagged as one of the best Litecoin wallet apps in the crypto wallet review. It is available in the form of desktop apps, Android and iPhone apps, and Chrome extensions. You can Download Jaxx Wallet here.
Exodus is one of the best Litecoin desktop wallets that support nearly three dozen cryptocurrencies including Bitcoin, Litecoin, Dash, Zcash, Ethereum among the popular ones. Since Exodus is a small wallet, you never have to store the entire blockchain in your desktop. It says this Lite wallet is one of the best for storing Litecoin. Exodus galore with its advantages on its disadvantages. It has a very good interface with good access to the wallet, which is full control. Transactions over the cryptocurrency network can be done directly through the Exodus wallet. Transaction fees are paid to the network itself, not Exodus.
LoafWallet is the first Litecoin wallet for ios developed by Charlie Lee, the creator of LTC. Recently, it also started with its Android version as the number of Litecoin users for Android is growing and is slowly becoming one of the best Litecoin wallets according to Litecoin wallet review. LoafWallet’s maintenance is being taken care of by the Litecoin Foundation. LoafWallet is an open-source Litecoin HD wallet that allows users to recover funds using a 12-word recovery seed key. Its inbuilt feature allows users to purchase LTC through Coinbase. You can create both Litecoin android wallet and Litecoin ios wallet, it is available for both devices.
Electrum LTC is a lighter version of the core Litecoin wallet (Litecoin Core Wallet roughly understands that the wallet downloaded to the machine, quite consumes hard drive space) and also a desktop wallet and considered one of the best Litecoin wallets online. The best part about Electrum LTC is that it doesn’t require you to sync the network, so it uses less time compared to the Litecoin core. As a definite wallet, Electrum-LTC provides even greater protection by allowing the creation of a 12-digit password and being able to freeze it after being hacked.
LiteAddress is the perfect Litecoin paper wallet for those who want to store large amounts of LTC for a longer period of time. It is one of the cheapest and safest options for a hardware wallet. But you have to know how to properly handle a paper wallet, otherwise it can be a bit expensive and difficult to use. Currently, I do not recommend you to use this kind of wallet!
LiteVault is a Litecoin web wallet, which is fast and easy to use and has a free registration process that should take no more than 10 seconds. LiteVault’s source code is publicly available, and all user wallets are encrypted before they reach the provider’s server, thus allowing you to keep control of your private keys. This is a specific LTC compatible crypto wallet, which doesn’t support any cryptocurrencies other than Litecoin. And so in Vietnam, quite a few people use this type.
Litecoin Core is a free Litecoin desktop wallet. So once you start using it on your desktop, the desktop will act like a wallet and your private key is stored there. It supports multiple operating systems, ie Windows, Mac and Linux. Its pretty big downside is that it only supports LTC each and It takes a while, around 4-5 days when the core wallets sync with the entire blockchain as a full node. Not only does it take time, it also takes up a lot of storage space, so if you want to store any multi-currency wallet, you have to look for another device.
I myself am a person who has a lot of contact with all kinds of wallets, but because of the advantages of ease of use and safety, I prefer Ledger Nano S, next is Jaxx for Mobile, yes Exodus for laptops. Also you can store Litecoin on these exchanges for more convenience for surfing. Good luck.
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