281
views

The Best Litecoin Wallets to Store Your LTC Coins Safely

Forked from Bitcoin in 2011, Litecoin (LTC) has served as an experimental digital asset, incorporating new tech variations on the original BTC protocol. 

The coin has garnered popularity in the crypto community and now has millions of users around the world. If you are a user of LTC or are interested in buying some coins, here are several wallet options you can try out for safe storage of your Litecoin. 

Ledger Nano S/X (Hardware Wallet)

Ledger Nano S is one of the most widely used offline cryptocurrency wallets. It can be a good option for LTC investors looking to store their holdings for a relatively long period. 

One of the most attractive features of this popular wallet is the small build that makes it highly portable. The wallet also comes with a high contrast OLED display that allows users to confirm and monitor their LTC transactions and coin balances. 

Ledger Nano S has a multi-platform feature that supports Windows, iOS, Android, Mac, and Linux. Besides LTC, the wallet also manages over 50 top crypto assets such as BTC and ETH

The wallet uses Universal Second Factor (U2F) authentication to guarantee your coins’ safety when it comes to security. Users also need to set a 24-word phrase (Seed Key), which is used to recover funds if the storage device is lost or damaged. 

The gadget looks like a small USB drive with two buttons used along with the OLED display to confirm and manage transactions. If the hardware gadget gets lost or corrupted, users can restore their LTC funds from a recovery sheet.

Litecoin Core (Desktop Wallet)

Litecoin Core is a free desktop client that serves as the official LTC wallet where users can store their coins. It is supported by the Litecoin Foundation, which regularly updates the wallet software to make it easier to use and more stable and secure. 

As a full node, the desktop wallet requires users to locally store the LTC blockchain on their PC to support the network. After users download the blockchain, it syncs with the wallet enabling them to store, send/receive Litecoin, and view their transaction history. 

The wallet is open-source, meaning that the Litecoin community can read the code and propose some upgrades to modify the software’s operational and security features. The LTC customer support team is known for being very active and responsive to user requests. 

This desktop client integrates the SegWit protocol used on the Litecoin network, making LTC transactions initiated on the platform faster and less expensive. This wallet is also highly versatile and offers support for Linux, Mac, and Windows operating systems.

When installing the Litecoin Core wallet, users get an encryption option to beef up their coins’ safety. The encryption entails entering a strong multi-character passphrase used to access stored private keys. 

The wallet also integrates several security features to promote privacy and anonymous transactions. For instance, it obscures your IP address to protect your transaction history from prying eyes. Users can also opt to access their desktop wallet via the highly anonymous Tor Browser for added privacy. 

Electrum-LTC (Desktop Wallet)

Electrum-LTC is a desktop app tailored to handle LTC coins. The wallet is a light node, meaning it doesn’t require users to download the entire blockchain and await a long synchronization before using the app. This Litecoin wallet also takes less space on your desktop computer compared to full node wallets. 

Electrum-LTC integrates the SegWit protocol for fast and cheap transactions. Users can also freeze their wallet in case of an attempted hack, barring malicious actors from moving LTC from that address. 

A user’s private keys and seed phrases are encrypted on their hard drive and never sent to the wallet servers. LTC holders can opt to use the wallet as cold storage to keep their LTC coins completely secure. They can also export private keys to other Litecoin users if they wish. 

Other security features include multi-signature functionality that requires a user to sign off on all transactions. Moreover, data obtained from the server is confirmed via simplified payment verification (SPV).

If a user’s computer crashes, they can recuperate and reestablish their wallet using their secret 12-word seed phrase. 

The wallet is open-source, so the LTC community can inspect the code and offer proposals to the dev team for new features or improvements. It is currently available for Linux, Windows, and Mac OS X operating systems.

Jaxx Liberty (Desktop and Mobile Wallet)

Jaxx Liberty is a multi-platform wallet that offers support for various digital assets, including Litecoin. The wallet comes with Shapeshift integration, allowing LTC holders to exchange their coins for other supported crypto assets in-wallet. 

Jaxx Liberty users enjoy multi-platform support on various desktop and mobile devices. The wallet is now available in iOS, Mac, Linux, windows, and android versions. It also works as a Chrome or Firefox extension, giving users the ability to accept LTC payments on the go. 

One of the most touted features of this wallet is its sleek and user-friendly interface that makes it a favorite for crypto newbies. 

LTC users will find this wallet particularly suited to handle their coins due to its enhanced security and privacy. Users are in complete control of their private keys on their local devices and can export/import the keys whenever needed. LTC holders can also restore their funds with a 12-word backup seed key feature if they lose their account. 

Author’s Thoughts

Litecoin continues to be one of the leading cryptocurrencies in the market, and millions of users are looking to invest in the lucrative coin. 

Bitcoin live price
Btc
Bitcoin
$29.070
price
0.6371%
price change
BUY NOW

Therefore, identifying a secure Litecoin wallet packed with innovative features is a priority for many in the crypto community. The guide above offers crypto enthusiasts a pick of some of the best LTC wallets that can secure their coins. 

Stay up to date with our latest articles

More posts

How Can You Determine the Rarity of an NFT?

The rarity of a non-fungible token (NFT) is one of the most often debated topics on the internet. The rarity of an NFT is one of the most critical elements in determining its value. Understanding how rarity works is a significant advantage for anyone investing in the NFT market. How can traders learn to measure this feature for any digital asset? Our guide today will share more insight on this critical aspect. Is It Possible to Measure Rarity? There has…

What is Tornado Cash, and How Does It Work?

Decentralized and non-custodial, Tornado Cash is an Ethereum-based solution for privacy and anonymity. Severing the on-chain link between those who send and receive coins enhances transaction anonymity.  This guide will provide our readers with more insight into Tornado Cash. We will start with a general introduction and move deeper into how Tornado Cash works. We will also add a list of pros and cons to this system for the reader's benefit. Understanding Tornado Cash Decentralized protocols such as Tornado Cash…

How Can Crypto Trading Bots Help You Manage Your Investments?

Bots are computer programs designed to carry out specific activities automatically. They operate with the least amount of human input possible.  Crypto trading bots are automated programs that trade a single coin or a portfolio of cryptocurrencies. They trade on one or more exchanges on behalf of the owner or user.  Cryptocurrency bots can automate trading tactics to increase portfolio profits. Today, we'll take a closer look at this ever-expanding technology.  A Simple Way to See Crypto Trading Bots Artificial…

Can You Really Protect Your Crypto Investments Against Whales?

It is only natural that the price of BTC changes following whales' transactions. Because altcoins have smaller market capitalizations, this effect is even more pronounced on their prices. The ways whales manage to manipulate the market are inventive and can lead to heavy losses for small traders. In our guide, we look into the matter and reflect on how to protect a wallet against whales. Understanding the Concept of Whales The term "crypto whale" refers to a person or organization…

What Are Fractionalized NFTs?

Most people who use the internet regularly, whether for business or pleasure, are familiar with NFTs. Everyone in the crypto/blockchain community looks at these "Non-Fungible Tokens” with interest.  The only problem is that NFTs are becoming extremely popular and too costly to own.  In this context, Fractional NFTs, or F-NFTs, have entered the market to attract new investors. Imagine dividing a single NFT into smaller parts and making it available for purchase. This concept is the principle governing the growing…

Diluted Market Cap – A Beginners’ Guide

The value of a cryptocurrency is difficult to predict, especially if we are dealing with a new token. If you're looking to invest in cryptocurrency, measures like the fully diluted market cap can guide your choices.  The term "fully diluted market cap” will represent the core of today’s guide. We'll begin by defining the sector's market capitalization before moving on to more advanced notions. Market Cap in the Crypto Industry The total worth of an asset now in circulation corresponds…

Top Crypto Marketing Agencies to Promote Your Cryptocurrency Project in 2022

Nowadays, launching a crypto project can be a daunting task for most developers, especially considering the competition. This report claims that the industry amasses over 18,000 cryptocurrencies as of March 2022. Whether you focus on NFTs, DeFi, or any other crypto-related activity, you will have to face stiff competition. Fortunately, you can gain a competitive advantage over your peers with the help of crypto marketing agencies. These services cover all the promotional aspects your project needs to get into the…

The Difference Between Capped and Uncapped ICOs

Some ICOs decide to set a cap on how many coins investors can buy. However, some people choose to offer unlimited coins at the sale. Different teams can follow different strategies to obtain success in this growing market. Today, our guide aims to make a clear distinction between capped and uncapped ICOs. Understanding the Concept of ICOs An ICO (“Initial Coin Offering”) is a way to launch a new cryptocurrency. ICOs are a way to raise money for a project…

Is It Possible to Spot a Fake NFT?

Blockchain technology should have made life simpler for digital artists selling unique tokens of ownership to other people. A public ledger can give buyers a record of who owns a piece of art in perpetuity. Blockchain gave some artists a new chance to earn money. However, some artists admit that the last year's crypto boom has been a real mess.  Anyone can "mint" a digital asset as an NFT, even if they don't own it. How do you spot a…

Unstoppable Domains – A Beginner’s Guide

Unstoppable Domains are an intriguing and unique new option that is gaining traction in the crypto industry as more people become aware of them. Even though you may be inclined to dismiss them as simply another "crypto craze,” you may not want to be so hasty in your judgment. Whether you have your wallet or just learning about crypto, unstoppable domains have some unique advantages that you might consider utilizing for your website. This post will go over all you…