It is not an offer to buy or sell any security, product, service or investment. Until then, I will keep on trying out more Litecoin (LTC) wallets and add them to this list. It’s important to note that the Exodus team is quite active, and in case you face any issues, you will instantly get the solution. This wallet has a really attractive User Interface, and is absolutely free to use, and is extremely safe. The only drawback is that this wallet can only be used on a computer (Windows, Mac, and Linux).
Best Litecoin Wallet: Web Wallet
This is because when you have a wallet on an exchange, the private keys are in fact stored on the exchange’s servers. The owner of the coins is the entity who controls those private keys. The Trezor Model one is an entry level wallet which has most of the functionality that you will really need from a hardware wallet. If you value security above all else the Ledger Nano S hardware wallet is considered to be one of your most secure choices for a Litecoin wallet. Nearly everyone appreciates its small, lightweight design and the fact that it looks like a USB flash drive at first glance. It works with all major operating systems – Windows, Macintosh, Linux and there’s even a Chrome extension.
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Web wallets – Your Litecoins are stored on someone else’s sever (hot wallets). After you generate your new paper wallet, try to send a small amount of LTC to your address to make sure everything works ok. You can also create multiple wallets for an extra layer of security. Paper wallets were mostly used during the early years of the crypto market.
Best 11 Litecoin Wallets for – Store LTC coins safely
This wallet is absolutely free to use and is available on their website. For multi-cryptocurrency lovers, there is even an inbuilt ShapeShift converter, which you can use to exchange your cryptocurrencies instantly. Ledger presented their upgraded “Nano X” in January of 2019 during the annual Consumer Electronics Show in Las Vegas. Cryptocurrency exchanges are usually a great place to acquire crypto.
What are Web Wallets?
- However if you’re planning on holding the Litecoin as an investment it’s a bad idea indeed.
- Understanding whether the Litecoin paper wallet generator is genuine or not is pretty hard.
- Remember to exercise caution, stay updated on best practices, and regularly back up and secure your wallet to ensure the safety of your cryptocurrency holdings.
- You can use your private keys to withdraw or send your LTC to any LTC address.
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 as the technology https://www.tokenexus.com/ matures. Ledger Nano X offers Bluetooth connectivity to its users, making it a great solution for people who want to manage their cryptocurrency on the go.
It is always important to check that the site is the official one and this is not fake. There are several scammers and phishing sites which would steal your data. It is certainly important to understand that attackers and hackers generally target these platforms. This makes them very unsafe to store large amounts of funds, even if they’re free and you’ve stored your crypto there for months. A litecoin paper wallet would allow you to store your funds without worrying about hackers. Indeed, attackers would not have the possibility to access your funds at all.
- Follow the instructions provided by your wallet or exchange to send the Litecoin funds to your paper wallet’s public address.
- However, I wouldn’t recommend this wallet at all for those who are new to the cryptocurrency world because it does not have a clean UI and looks too much techy.
- Look for reputable sources and ensure that the software has a history of being safe and reliable.
- Another good option to create a paper wallet for LTC is LitecoinPaperWallet.com.
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The wallet can connect to the smartphone’s Bluetooth, and its contents can be monitored/controlled through the Ledger Live downloadable mobile app. The device’s software is compatible with 64-bit desktop computers (Windows 8+, macOS 10.8+, Linux) or smartphones (iOS 9+ or Android 7+). Nano X offers a wide selection of cryptographic support; check out the complete list here. Some wallets are free, while other wallets charge fees for various transactions. Also, you should pay close attention to any transaction fees, as they can add up very quickly. There are several websites that would allow you to create your Litecoin paper wallet properly.
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You should store your large Litecoin holdings in cold storage on a hardware wallet or a paper wallet with more lightweight spending wallets. This is analogous to the saving / current bank accounts that you have. A Litecoin paper wallet is considered by some to be the most secure method for storing Litecoin (or any cryptocurrency for that matter). That’s because a paper wallet is a completely offline method for storing coins and is often termed “cold storage”.
