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Before enjoying the faster transaction speed and low fees the Litecoin network offers, you must find the best Litecoin wallet to store your coins. Looking for the best Litecoin wallet to store your altcoin? Discover our top 8 recommendations for reputable, secure, & easy-to-use wallets.
There are several options available when searching for the best Litecoin wallet. Our recommendation for the best wallet to store your Litecoin is the Ledger Nano X. However, the Trezor Model T, Ledger Nano S, Trezor Model One, KeepKey, Exodus, Trust Wallet, and Coinbase wallets also work well. When choosing your wallet, make sure it’s reputable, secure, easy to use, and comes with a great customer support team.
While Bitcoin is the king of cryptocurrencies, it’s not without its problems. The biggest problem with Bitcoin is the slow transaction speeds. It can take hours or even days for transactions to be confirmed on the blockchain.
Litecoin came into the picture to solve this issue. It provides a simplistic ecosystem that could scale much better than Bitcoin while maintaining all the benefits of decentralization.
However, one thing remains constant: No matter what type of cryptocurrency you choose to use, you need somewhere safe to keep your digital currency. Therefore, finding the best Litecoin wallet is essential so you don’t lose any funds.
This guide will look at some of the best wallets to keep your Litecoin safe today. We hope that this review will help you choose the wallet that meets both your security and usability needs.
Before getting started, let’s define what precisely a Litecoin wallet is. In simple terms, a Litecoin wallet is software that stores your Litecoins online or offline. These wallets can either be a physical device, software, or service. However, their primary purpose is to keep your public and private keys safe while interacting with the blockchain.
Litecoin wallet comes in three main types: hardware, software, and exchange wallets. You can further categorize things in custodial and non-custodial wallets.
Hardware wallets are considered to be the safest way to store Litecoins. They are basically devices that store your private keys on their own memory chip. Hardware wallets are usually connected to your computer via USB cable. Some examples include Trezor and Ledger Nano S.
Software wallets are similar to hardware wallets but are stored on your computer instead of being physically connected to them. Examples include Trust wallet. Exchange wallets are used by people who want to trade cryptocurrencies without managing their own private keys. An example includes Coinbase Pro.
Custodial wallets are those where the company holds your private keys. These types of wallets are generally less safe than non-custodian wallets because a single entity controls them.
A non-custodial wallet is one where the owner holds the private keys. The owner is fully responsible for keeping their private keys safe. This type of wallet is considered the most secure as users control their own funds.
Hardware wallets fall under the non-custodial category, while exchange wallets do not. On the other hand, software wallets can either be non-custodial or custodial, depending on how the developer implements them.
When looking for the best wallet to store and complete transactions using your Litecoin, make sure you look out for the following features:
A Litecoin wallet should be user-friendly and easy to navigate and understand. This is very necessary as a complex wallet might be challenging to understand, especially for newbies, resulting in casualties like loss of funds through mistaken transfers.
If the wallet allows you to control your private key, consider it. If not, that is, left in possession of a third party, then you should not. The party with your private key will control your Litecoin.
You are more secure around constantly updated wallets. Such wallets are more functional and provide increased security. Thus, you can rest knowing that they’re working extra hours to ensure their users’ safety.
Aside from development, you should also find out what support the team gives whenever there is a malfunction or breach. So, a wallet with multiple support channels is always preferable.
Check if the wallet has integration with other apps. For example, if you have an online exchange account, then it would be great if the wallet supports connecting to it.
A good wallet should offer strong encryption and protection against malware attacks. There should be no possibility of hacking into your wallet. Preferably, the wallet should have two-factor authentication (2FA) feature.
The following are your best bet for storing your Litecoins. Check out our top picks below to find the one that works best for you.
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Suppose you are looking for the best Litecoin wallet for offline storage. In that case, the Ledger Nano X hardware wallet is an excellent option for managing your crypto and non-fiat currencies while you’re on the go.
It connects with your phone through Bluetooth and has a big screen to make it easy to use. This multi-coin wallet also supports LTC and a variety of other cryptos.
The Ledger Nano X places a strong emphasis on security. This hardware device doesn’t require cords to function unless when charging, and it also has eight hours of battery life. Furthermore, Ledger wallets are extremely tough to attack because they save their data offline.
Plus, Ledger Nano X requires two-factor verification for the online use of crypto assets.
Perhaps you’re looking to take advantage of market fluctuations. In this instance, hardware wallets may be too slow due to the time it takes to connect, access, and begin a transfer. There is no method to recover funds if you lose your Ledger device and the backup password.
Furthermore, the UI and setup process is a little more complicated than other options, and it’s not ideal for quick trades. Lastly, hardware wallets are the most expensive.
Compared to other products, Ledger Nano X comes with a wider screen. This multi-currency wallet is an excellent option if you are interested in a hardware wallet that’s secure and easy to use.
You can easily connect this wallet to your IOS device via Bluetooth while you’re on the go. Furthermore, you can also connect your wallet to your PC via USB.
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Another unique Litecoin wallet that permits offline storage is Trezor Model T. Trezor has become a household name in the crypto industry when buying and exchanging cryptocurrency.
The Trezor hardware wallet has sold thousands of units to consumers in more than 120+ countries.
The Trezor Model T boasts a big touchscreen in full colour that makes entering PINs and reviewing crypto addresses a breeze. Crypto assets are secured offline in “cold storage” for extra security.
You can purchase Bitcoin, Ripple, and Ethereum with fiat through the Trezor Wallet app and swap these assets within the wallet app. Furthermore, the Model T also supports FIDO2 and U2F authentication for added security and protection from hackers.
These wallets are not appropriate for quick exchange trading due to slow access and transfer times. You can’t use hardware wallets to buy goods or services. In case of loss or damage, keep the seed phrase key safe.
Again, some people find this company’s interface difficult. Finally, Trezor Model T is one of the priciest wallets available.
The Trezor Model T is an easy-to-use cryptocurrency hardware wallet best suited for newbie traders. The wallet allows you to buy assets and coins directly from within the app and exchange them.
It’s great if they don’t mind paying a premium for one of the most secure cryptocurrency wallets available.
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The Ledger Nano S has similar functions to the more advanced Nano X version. However, it lacks critical features. For example, Nano S users can’t use Ledger Live unless they have a Windows, Linux, Mac desktop or an Android 7+ device.
On the other hand, Nano X works on desktops, iOS devices, and Android devices. But they are some of the most popular Litecoin wallets and are used by millions of people.
At $59, the Ledger Nano S is a low-cost, high-security choice. Unlike hot wallets via cryptocurrency exchanges, private keys are never lost. Nano S users keep their private keys and never erase or access them online.
Since it can store up to 1,100 tokens and coins, investors can store famous and obscure currencies and tokens on the Ledger Nano S device.
Nano S can only accommodate up to six crypto apps, depending on the app size. The device’s screen is less than an inch tall, at 17.4 mm, and doesn’t have a touchscreen but two buttons.
Furthermore, the Ledger Nano S lacks Bluetooth; connecting to a PC or Android smartphone requires a USB cord. This makes the device less mobile-friendly compared to other wallets.
Ledger Nano S is one of the most affordable hardware wallets you can find. It’s perfect for newbies to crypto looking to secure some coins in cold storage. It’s also very secure and user-friendly.
If you cannot purchase the Ledger Nano X at the moment, this device is a great alternative.
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Trezor is the best Litecoin wallet to consider when it comes to sleek design and usability. It provides top-notch security for your crypto using a 24 words private key.
This means you can recover your funds using this password even if the hardware is stolen. Trezor is also a trusted brand name by many crypto enthusiasts.
The Trezor wallet has a simple, easy-to-use interface that lets you manage your crypto assets. The program keeps backup copies of your settings and environment to protect you from losing data.
If your coins or other assets get lost, you can get them back from your last offline backup. Lastly, you can use Trezor for the most secure two-factor authentication for many online services.
Although Trezor Model one has a relatively user-friendly interface, you cannot compare it with Ledger, which sells at $59. It uses control buttons, unlike the modern screen touch models. Unlike its competitors, Trezor isn’t compatible with IOS devices and doesn’t support Bluetooth connections.
Model One is the basis of personal crypto security. It has everything you need to take control of your coins. It’s a great hardware wallet for people on a tight budget who don’t need the Model T’s more advanced features or a backup if you already have a Model T.
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Keepkey is a hardware wallet that generates, stores, and manages your private keys and makes it easy for you to send out transactions. It works with the software on your computer.
Still, your private keys and cryptocurrency are kept safe on your KeepKey device when you’re not using your computer. Keepkey is one of the preferred Litecoin wallets because it also works with Bitcoins, other cryptocurrencies, and ERC20 tokens.
The KeepKey hardware wallet boasts one of the largest displays available. It’s wonderfully designed and easy to read and navigate. The hardware gadget itself is easier to use than other hardware wallets. Also, when connected to a computer, the wallet interface is sleek and straightforward.
The biggest issue is that it’s easy to set up, and it’s not clear what software you can use it with. Keepkey is also quite expensive, especially for beginners who don’t have much crypto. Also, it’s pretty inconvenient because it requires a cable to function even when it’s not charging.
KeepKey is a very secure offline cryptocurrency wallet. It’s one of the best-looking hardware wallets on the market because it’s made of high-end materials and looks great.
The KeepKey is compatible with many software wallet services and can store a large number of coins. Overall, KeepKey could be the right hardware wallet for you if you want one that is safe, easy to use, well-made, and has excellent customer service.
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Exodus is a go-to wallet for thousands of people worldwide because it supports multiple currencies for free, including Litecoin. Its security-first approach is commendable, and it offers a 12-word recovery phase to safeguard your funds.
Exodus is a desktop wallet that works on various systems, including Windows, Linux, and Mac. Since it runs on a shapeshift technology mechanism, Exodus allows users to exchange between different cryptocurrencies seamlessly inside the wallet.
Exodus has a stunning user design, making it one of the most appealing wallets out there. The interface has a very bright and distinctive overall appearance. In addition to being aesthetically pleasing, this product is straightforward to use, even for newbies.
You also have to commend its simplistic user interface. The team maintained a unified look across all platforms, making it easier for beginners to get started.
Exodus supports multiple cryptocurrencies, allowing you to switch between them easily. It also supports various platforms and comes with a beautiful interface. Furthermore, it has partnered with Trezor to improve the security and usability of the hardware wallet.
Perhaps, the biggest downside to using Exodus is that it doesn’t come with a 2FA option. It also doesn’t allow you to store fiat currencies like US dollars and Euros. Furthermore, you cannot use your crypto to purchase real products when using the app. Thus, it’s not as versatile as some other options available in the market.
If you want a simple yet powerful cryptocurrency wallet, then Exodus is a perfect choice. It’s easy to use and has a sleek interface. Plus, it supports multiple cryptocurrencies, including Litecoin. This means that you don’t need to worry about switching between different coins while managing your portfolio.
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When you think of convenience, the best Litecoin wallet that comes to mind is Trust Wallet. Not only does it provides a seamless experience, but you can access your account from anywhere, thanks to its web or iOS/Android apps. The Trust Wallet website is pretty clean and easy to navigate. On top of that, the UI is intuitive and responsive.
Trust Wallet also allows you to buy Litecoin easily using your credit and debit cards. It’s worth noting that Trust Wallet is an open-source project backed by Binance Labs. Since it is decentralized, users who value their privacy can keep their transactions private.
The best part about Trust Wallet is that it offers a non-custodial service. With this feature, you are free to manage your funds without trusting any third party. Moreover, you can control your funds at all times.
The Trust Wallet app is also highly convenient. You can easily make purchases using your credit card or bank account. Your funds will be sent directly to your wallet address.
Moreover, Trust Wallet has an intuitive interface. Its design is clean and easy to understand. In terms of usability, Trust Wallet is on par with many popular wallets in the market.
One angle Trust Wallet could work on is adding more security features. While the wallet is secure as it is, it doesn’t support a 2FA setup. This makes it vulnerable to hackers. Furthermore, you cannot recover your account via customer support. It only allows you to do that with your recovery phrase.
Trust Wallet is undoubtedly the most convenient way to manage your digital assets. It’s easy to set up and operate. Plus, it has a clean and user-friendly interface, is entirely free, and gives you complete control over your funds. Furthermore, it supports multiple cryptocurrencies and payment methods.
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Coinbase is a non-custodial wallet, which gives only the user control over the wallet’s private keys. To use Coinbase Wallet, you do not need to submit a name, email address, or other personal information.
This is one of the best Litecoin wallets. It allows users to safely store over 44,000 digital assets, communicate with decentralized applications, and manage Ethereum-based NFTs. It secures your currencies and uses two-factor authentication to ensure only genuine people can access your account.
Coinbase Wallet lets you store various digital assets, such as Bitcoin, Ethereum, and Litecoin. It also gives you a safe place to store Ethereum’s ERC721 digital collectibles so you can make a dynamic cryptocurrency portfolio. The Coinbase Wallet app helps you manage your digital cash on the go as it is accessible as a SaaS and as a mobile app for Android and iOS.
Also, users of Coinbase Wallet can earn interest on their crypto assets without leaving the easy-to-use mobile wallet. As for security, the two-factor authentication makes sure that only you can log into your account, and the military-based AES-256 encryption keeps your information safe from outside threats.
The Coinbase Wallet is free, and there are no fees. But when users send money or interact with a smart contract on the blockchain, they have to pay a fee. Coinbase has always made sure that its products are easy to use, but customer service has always been a problem.
Coinbase Wallet is a popular crypto wallet that allows users to store and use web3 applications on mobile and a browser extension. As a non-custodial wallet, Coinbase Wallet users own and control their digital assets.
Existing Coinbase customers will appreciate the seamless Coinbase.com/Wallet crypto purchases, while new users will understand the inexpensive Coinbase Wallet costs.
The best Litecoin wallet is one that meets your needs. The wallets listed in this review have their individual strengths and weaknesses. For example, some wallets offer more security than others. However, they may not be suitable if you’re looking for a lightweight wallet.
In conclusion, we recommend you go for a wallet that offers a great combination of features and functionality. If you are looking for a highly secure wallet, Trezor is a good option. If you prefer simplicity, then Trust Wallet is the best Litecoin wallet.
Make your money do more.
Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.
A Litecoin Address is a string of letters and numbers that allows you to access your Litecoin. You could also look at a Litecoin Address as software that houses the information needed to access your Litecoin. This address comprises a public key and a private key. The public key is a string of data that allows people to send cryptocurrency to your Litecoin Wallet. You can also say that the public key is the account number that people can use to send you funds. On the other hand, the private key is the password for your Litecoin Wallet. This password grants you access to your Litecoin and allows you to send this altcoin to another Litecoin-supporting cryptocurrency wallet.
Litecoin Wallets are software and hardware that have been specifically prepared to house this altcoin. However, your funds are only safe if you keep your password yourself. Even the best Litecoin wallet will be vulnerable to an attack from an individual who has stolen the password to a Litecoin wallet. Nevertheless, all Litecoin wallets have their strengths and weaknesses, stemming from their very nature. Accordingly, online wallets which are easy to set up and easy to access are prone to falling prey to scams. And they could also come with limited options for accessing the stored funds. Easy-to-use software wallets with private key access suffer from being hosted on one device and are hence vulnerable to hacking. Mobile wallets are easy to set up and easy to access but also suffer because it's less secure and doesn't usually offer a private access key. Full Node wallets that interface synchronizes with a cloud interface from a computer are safe and free but are rather tedious to set up and are demanding on a computer's hardware storage. Although they're accepted as the safest option, hardware wallets are costly. They cannot be easily used unless the owner is close to a computer system.
You can easily deposit funds in your Litecoin wallet by sending Litecoin from other cryptocurrency wallets into your wallet. You can also visit a cryptocurrency exchange like Coinbase to purchase this altcoin using fiat currency. This way, you can send the purchased coins to your Litecoin wallet. The fiat currency you use to purchase your Litecoin on a cryptocurrency exchange could be debit card transfers or bank transfers.
Like all cryptocurrency wallets have their strengths and weaknesses, all the wallets on this list also have areas where they excel. As such, choosing a Litecoin wallet is all dependent on what you want to use the wallet for. Suppose you like to keep your Litecoin safe without worrying about the long waiting time required to access it. In that case, the Trezor Model T or the Ledger Nano X is suitable for you. You can also use these hardware wallets if you plan to store more than Litecoin in them. If you are someone that’s just purchased some Litecoin for the first time, then the Coinbase wallet and Binance wallet would be suitable for you. Although these cryptocurrency exchanges are not the best options for long-term storage, they do well for individuals that have yet to acquire other long-term options.
Contrary to what you might be thinking, most of the wallets on the list of best Litecoin wallets can accommodate more than just Litecoin. Examples are wallets like Binance and Coinbase and hardware wallets like Trezor Model T and Ledger Nano X. So, if you own one of these wallets, you can store other digital currencies on it in the future, as long as it can support them.
You can send and receive Litecoin with another Litecoin wallet or another multi-currency wallet supporting this digital coin. Therefore, sending this altcoin to a wallet that only supports Bitcoin (BTC) or Ethereum coin (ETH) could see them lost forever.
Many cryptocurrency exchanges don’t support Litecoin because it's still a relatively new altcoin. As such, it has yet to gather as much followership as the older digital coins such as BTC and ETH. However, as time goes on, this digital coin will slowly increase its popularity among users. This may lead many cryptocurrency companies to invest in this altcoin, which would, in turn, cause an upsurge of new Litecoin wallets.
One of the most significant disadvantages of an online wallet is that they are vulnerable to hackers. Although most of these online wallets boast exemplary security systems, they're not blockchains and, in the end, are susceptible to the attacks of hackers. When this happens, all funds on that online wallet could vanish. However, suppose there is a clause in the terms and conditions of that online wallet regarding reimbursement of cryptocurrency. In that case, there’s every chance that you can recover your Litecoin after such hack attacks.
Everyone that owns some Litecoin to their name can use the ‘public explorer’ feature of the Litecoin blockchain to check their funds. The best Litecoin wallet also provides such functionalities. However, suppose the wallet doesn't offer such a feature. In that case, you can view the transaction reports from your account to see how much of this altcoin you've got remaining.
This functionality is an in-built feature of the cryptocurrency exchange wallets like Coinbase and Binance. These exchanges allow for the purchase of cryptocurrency using the fiat currency on credit cards.
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