Litecoin (LTC) was introduced on 7th OCT 2011 by Charlie Lee, he is a former Google employee. The following Litecoin wallet is reviewed by us. At the current time, LTC is the fourth most famous and largest cryptocurrency by market capitalization. Litecoin is based on open source protocol and it is not managed by any central authority. The Litecoin process a block every 2.5 minutes it is far better than bitcoin which complete block 10 minutes.
As in the past, we reviewed bitcoin wallets, today we are going to review Litecoin wallets. Mainly every cryptocurrency has five main types of wallets with different designs and devices: desktop, mobile, web, paper, and hardware. I suggest using paper or hardware wallet for a large number of funds and for daily purposes or for small amount transactions you can select a desktop or mobile wallet. But never store all of your coins in one wallet.
Hardware LiteCoin wallets
The Ledger is the smallest and most cost-effective option, the USD-sized ledger nanocones in a few variations. Every day you can select between Ledger Nano or Ledger Nano S. The latter is the first hardware wallet that can also store Ether.
Trezor is a trusted name in Crypto Community. The Trezor is small and simple to use. It was better security against malware and disaster recovery in case of theft or loss of the device. It is the first-ever hardware wallet that comes with a screen.
DeskTop Litecoin Wallets
Electrum-LTC is a simple, but powerful Litecoin wallet or best LTC wallet. A unique secret phrase (or “seed”) leaves intruders stranded and your peace of mind intact. Keep it on paper, or in your head… and never worry about losing your litecoins to theft or hardware failure.
A simple guide is also given on its website.
Exodus is also a multi-currency wallet the same as Jaxx wallet. Users can easily calculate and organize their savings with a pie chart portfolio. Exodus has a built-in exchange that allows instant trade.
Litecoin Core (Trusted but not recommended)
Litecoin-Core wallet is maintained by Litecoin Development Team. This is one of the best desktop wallets, once you use this wallet it means your computer now stores all of your coins. Litecoin Core wallets are not recommended by cryptocreed because it takes much time to install.
Web/Online Litecoin Wallet
Litevault is one of the most secure LTC wallets it is a web wallet, users can access their wallet from anywhere and anytime on any device and with any web browser. The Litevault can’t access your account or your coins it means your wallet is encrypted.
Coinbase is the leading exchange service today in buying and selling crypto assets. The Coinbase supports Bitcoin, Litecoin, Ethereum, and BitcCash. It was founded in 2012 and since then it received over 32$ million in venture capital funding. Coinbase wallet is available in some countries only around the world. They recently launched their Vault service which denies the company control over your funds.
Jaxx wallet is available for mobile, web, windows and also available on play store. The Jaxx wallet has also ether, Classic Ether, dash, Dao, Rep, BTC wallet, we can say that it has a multi-currency wallet.
Mobile Litecoin Wallets
Wirex is a full-fledged bitcoin service that offers both online and mobile secure bitcoin wallets. What differentiates Wirex from others is its ease of use while not compromising security.
Users get Multi-sig wallets and can enable 2-factor authentication (2FA) for both app and wirex linked email address, making third-party breaches hard.
Jaxx wallet is available for mobile, web, windows and also available on play store. This wallet has also ether, Classic Ether, dash, Dao, Rep, BTC wallet, we can say that it has a multi-currency wallet. This is the best litecoin wallet android.
Coinomi supports more than 1K assets for mobile and desktop that also supports a desktop interface. It offers an in-app exchange between coins.
Litecoin Paper Wallet
We found Liteaddress only Paper wallet for Litecoin. Users have to move their cursor on the screen and the site will generate users’ wallet addresses and private keys. Keep your Private Key safe because it is the only way to access your wallet.
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