Currently ranked 7th on CoinMarketCap, Litecoin has always been one of the best performing cryptocurrencies out there. Created in 2011 by one of the most prominent figures in the crypto community, Charlie Lee, Litecoin is the world’s first altcoin, a crypto alternative to the mighty Bitcoin.
Litecoin is a decentralized, P2P cryptocurrency platform that’s all about enabling fast, zero-fee payments to anyone from any area in the world. Considering Litecoin’s development and rise over the years, as well as its mission, it might be worth investing in it for future times when cryptocurrencies will most probably have a much bigger part of the stage. That said, a wallet is the most important tool you need to have for securing and protecting your Litecoins.
When choosing a Litecoin wallet there a couple of questions that should be answered such as is the wallet provider known through the crypto community (reputation is important), does it offer good platform compatibility, does it allow you to be in complete control over your private keys, does it provide a backup and restore feature, and does it focus on security more than fancy features? If the answer to all these questions is YES, then the said wallet is worth considering.
To help you out, we’ve created a list of the best Litecoin wallets currently available on the market.
Litecoin Core is the official desktop wallet for Litecoin that supports Windows, macOS, Linux, and Android. One of the most important aspects of this wallet is the fact that it contains all the protocols and rules required to access the Litecoin blockchain. It boasts advanced security features, great stability, and a user-friendly interface. It’s also open-source, free, and it automatically encrypts the files for you.
Litcoin Core can be downloaded from the dedicated section on the project’s official website.
Electrum Litecoin is a powerful, desktop Litecoin wallet that works on the Lightweight Litecoin Client platform. It’s available for Windows, macOS, and Linux and it allows users to ensure the safety of their private keys by storing and encrypting them on your hard drive. The software wallet also offers integration with various hardware wallets, making it a good option for those who are constantly trading Litecoin but don’t want to renounce the enhanced security provided by a hardware wallet.
If you’re looking for a paper wallet, then Liteaddress is probably one your best bets. The main benefits of this type of wallet are that it’s inexpensive and that it cannot be hacked (however, being a paper wallet, it does mean it can be easily misplaced or lost). It’s the cheapest and most secure alternative to hardware wallets. All you have to do to get started is to visit the liteaddress.org website and create a pair of private and public keys. The keys should be kept on a paper and stored in a secure, offline environment.
Ledger Nano S
When it comes to secure wallets, they don’t get much better than hardware wallets. Ledger Nano S is one of the most popular hardware wallets which allow you to keep your private keys extremely safe.
Currently, Ledger Nano S comes with support for over 712 crypto coins and tokens, making it a very good choice for users looking to store Litecoin as well as other types of crypto. It’s easy to configure, and it can be used even without a computer or laptop nearby as its small OLED screen, and two buttons are enough to help you confirm transactions. It’s built around a secure chip and boasts support for security features such as backup (24-digit) seed key and pin code.
Developed by a renowned company that goes by the name of SatoshiLabs, Trezor is one of Ledger Nano S’ biggest competitors. It’s the oldest “player” in the crypto hardware wallet industry and boasts one of the best reputations. Just like its main competitor, it also comes with support for over 700 cryptocurrencies, an intuitive user interface and various advanced security features such as Firmware verification, ultrasound hardware seal, protected key options, and additional passphrase support.
Trezor also has a very compact design, making it a very practical piece of kit. It has a small OLED screen and two buttons, and it can be operated with ease even by the most inexperienced users. Trezor is a very good choice for anyone looking to store Litecoin as well as for multi-currency lovers.
Exodus is a multi-currency desktop wallet that’s made a name for itself. Not only is Exodus one of the most stylish and premium-looking desktop wallets, but it also comes with support for a wide array of cryptocurrencies (over 100), including Litecoin, and for the most popular desktop platforms such as Windows, macOS, and Linux.
One of Exodus’ main advantages is represented by the fact that it boasts ShapeShift integration, making it very convenient for passionate traders.
Jaxx is one of the most versatile wallets out there. It’s a well-renowned multi-currency wallet that can be installed on both desktop and mobile devices. It supports a wide array of cryptocurrencies, Litecoin included, and it’s a very good option for users looking to trade on a daily basis or on the go.
Since it features integration with ShapeShift, it’s also very convenient for users looking to quickly exchange cryptocurrencies. It has one of the best user interfaces, and it allows you to control your private keys by importing and exporting them whenever required. Jaxx is available for iOS, Android, Windows, MacOs, Linux, and it’s also available as Chrome and Firefox extensions.
We hope this article was useful for you! Keep trading safely!