In situations where safety and quick access is highly needed, Litecoin is an excellent choice, due to the fact that it is secure and can be accessed on any device at any point in time.
The first altcoin that was produced across the globe was Litecoin; and right now, it is one of the leading crypto-coin due to its P2P digital currency attribute.
It is necessary to know that there are lots of crypto-coins with their ups and downs, but despite the blustery heaves that most crypto-coins have, Litecoin remains consistent above all. In addition to this, Litecoin has also emerged as one of the safest crypto-coin on the market today, and it has grown increasingly high in the last few months. With this in mind, it has proven to be more important to investors lately.
In this article, I would love to share with you the five best Litecoin wallets, before moving to that, we would like to let you know the essential criteria that a crypto wallet should have, and there are:
- A crypto wallet should enable you to run and operate your private keys whenever you choose to
- A crypto wallet shouldn’t have compatibility issues with any device
- A crypto wallet should be user-friendly
- A crypto wallet should have a backup system to safeguard vital information
Welcome! Here are the 5 best Litecoin wallets that can ensure maximum safety and quick access anytime, anywhere.
Ledger Nano S
The Ledger Nano S is our first pick in our article, and it is important to know that this hardware wallet has gained much popularity across the world today; this is because it is very secure.
We do know the necessity of having a crypto-wallet, however, if you need one, then Ledger Nano S is an excellent pick to secure your Litecoins without having fears of online theft. This hardware wallet also enables you to have full control of your private keys, and there can be accessed anytime even when you are not connected to the internet.
In addition to the excellent characteristics that the Ledger Nano S has, it has an intrinsic OLED screen, a backup seed key, and a pin code feature. The backup seed key and the pin code feature enables you to return your funds if anything happens to your hardware device.
It is necessary to know that Ledger Nano S supports, Litecoin, Bitcoin, Etherium, Ripple, Zcash, Dash, Strat, and Komodo. The Ledger Nano S costs about $65.
Trezor is another hardware wallet and Trezor company (SatoshiLabs) is situated in the Czech Republic. When the issue of security on some crypto-coins raised concerns all over the world, Trezor was produced, and it is the first hardware wallet.
It is vital to know that this hardware wallet is compatible with six different types of cryptos and there are, Bitcoin, Bitcoin, Etherium, Namecoin, Litecoin, Dogecoin, Zcash, and Dash.
Just like the Ledger Nano S, Trezor also has an intrinsic OLED screen, a backup seed key, and a pin code feature. The backup seed key and the pin code feature enables you to return your funds if anything happens to your hardware device. Lastly, Trezor costs about $99.
Unlike the Ledger Nano S and Trezor, Exodus is a desktop wallet which offers a powerful user-friendly experience, and it is distinct. This desktop wallet is compatible with eight different cryptos with Litecoin included.
It is also necessary to know that Exodus has a friendly interface that you will love. Even though this desktop wallet is easy to use and has a nice user interface, that doesn’t compromise its security.
Exodus offers its clients an easy retrieval feature in cases where there are problems encountered with the wallet itself. This desktop wallet has an intrinsic ShapeShift converter for clients to convert any cryptocurrency.
One of the most prominent wallets is Jaxx. This wallet is a mobile, and a desktop wallet with a powerful user interface with HD. However, Jaxx is compatible with thirteen cryptos, and it also permits clients to retrieve their money with a 12-word backup system. In addition to this, Jaxx has an enticing development community, and the wallet is secured.
Just as Exodus desktop wallet, Jaxx also has an intrinsic ShapeShift converter to convert or change your cryptocurrencies. Jaxx is compatible with other devices, too.
You can opt for Electrum if you choose to elude the Litecoin Core, which is very heavy.
Electrum is lightweight and can be downloaded very easily. Also, concerning downloading Electrum, you don’t have to download the whole blockchain itself.
Furthermore, Electrum is a desktop wallet that also supports 12-word backup and security system. One exciting feature of this desktop wallet is that it has SegWit (which gives you the ability to freeze funds sent to a particular address). Electrum is compatible with the different operating systems on PCs.
Litecoin was launched six years ago, although, it had a decline in its growth, due to specific upgrades and the activation of SegWit, this Crypto-coin is almost the best now. The 5 top Litecoin wallets stated in this article have the best features for you to get the best experience. However, you can decide to pick any of them that suits you.
There are no doubts that there will be more wallet options due to technology advancements, but for now, these are the top picks for you.
Ali Qamar is a privacy, blockchain and cybersecurity enthusiast, his work has been featured in many major tech and security blogs including InfosecInstitute, Hackread, ValueWalk, Cryptodaily, Intego CryptoCoin.News, GlobalCointReport and SecurityAffairs to name a few. He runs SpyAdvice.com currently. Follow Ali on Twitter @AliQammar57