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Litecoin was launched in 2011 by Charlie Lee, a former Google and Coinbase employee. Litecoin had a few differences to Bitcoin, such as shorter block generation time but overall it was and is a very similar cryptocurrency to Bitcoin.
Litecoin has been around for a long time and it has always been a popular coin, but perhaps not one with its own clear path always. But still, interest remains high for a coin that seems to always pick up new speed and rally to higher prices.
In this article, we will do our best to help Litecoin owners and investors to find out more about where they can store their coins, in the best Litecoin wallets.
We will look into what are some of the 11 best Litecoin hardware wallets, online web wallets, mobile wallets and paper wallets for storing safely your coins.
How to select the best Litecoin wallet for safe storage
As an owner of Litecoin myself this guide to help crypto owners find a good and reliable wallet for storing our coins is essential. And similar to as when we at Go CryptoWise did our research to find the best Ethereum wallets we need something to go on when doing our Litecoin research.
We are therefore using these key aspects when researching and evaluating wallets for Litecoin:
- How easy to use the wallet is
- How safe and secure the wallet is for protecting my LTC
- How compatible is the wallet with different devices, operating systems, etc
- How strong is the team working on the wallet
- Can I store my Litecoin and other coins in this wallet also
So when doing our research we kept these requirements in mind when looking into the different wallet options for Litecoin. Obviously there are additional requirements of importance. But we feel these cover a fairly good range of important factors for selecting a crypto wallet.
Here below are some of our favourite cryptocurrency exchanges to help you buy Litecoin easily:
- Coinbase – easy to use site and app, with lots of payment options for both buying and selling cryptos
- Binance – one of the most popular crypto exchanges, has plenty of coins and is very secure
- KuCoin – an exchange with a great UI, lots of exciting features such as staking cryptos and plenty of coins
Ok it is time to explore the 11 best Litecoin wallet for 2020.
Time to explore the 11 best Litecoin wallets 2020
1 ) Ledger Nano X (Hardware)
First out on this list of wallets for storing your Litecoins is a hardware wallet from the Ledger team, the Ledger Nano X.
The Ledger Nano X is the latest version of the Nano wallets. And it is an upgraded version from the S model.
It is a secure hardware wallet, that looks a bit like a USB-stick. And it is one of the most popular hardware wallets on the market for new purchases amongst crypto holders.
The Ledger Litecoin option is a highly recommended way to go for storing your LTCs. We ourselves use a Ledger Nano X for storing many of our cryptocurrencies. And I personally like to you a secure hardware wallet for securing my cryptos, when I plan to hold it for the long-term.
The Ledger Nano X costs about $120 today, and it comes with the hardware wallet, a USB-cable and some paper sheets in which you can write down your backup phrase. The backup phrase is very important as those are the keys that will unlock your Nano X.
With the keys, you can access your cryptocurrencies from any device. And in the case of your device getting stolen, lost or broken those keys will help you access your cryptos again.
With the Ledger Nano X, you can store over 100 applications at the same time on your device. And you access your cryptos via the Ledger Live application. Which is available for both desktop and mobile.
With the Ledger Live app, you can send and receive cryptos, as well as checking the balance of your portfolio.
- Learn more about storing your Litecoins on a Ledger device here
- You can download Ledger Live app here
- You can buy the Ledger Nano X here
2 ) Ledger Nano S (Hardware)
The other very popular hardware wallet is the Ledger Nano S. And it is the first hardware wallet from the Ledger team.
And it is still a very useful and handy device for storing your cryptocurrencies.
It has a slightly smaller storage capacity than Ledger Nano X, and it doesn’t have the Bluetooth features. But other than that it is very much the same hardware device.
So depending on how many cryptocurrencies you would like to store at the same time the choice between a Ledger Nano X and Nano S is up to.
Remember we are talking about how many different types of cryptocurrencies, as in do you plan to store Litecoin and Ethereum, Bitcoin, Ripple, etc then that would be four applications you need to download for your device.
And not the amount of cryptocurrencies. As in 1000 Litecoin or 10,000 Litecoins 🙂
The Ledger Nano S costs about $59 at the moment.
- Learn more about storing your Litecoins on a Ledger device here
- You can download Ledger Live app here
- You can buy the Ledger Nano S here.
3 ) Trezor One (Hardware)
The Trezor One which is another very popular hardware wallet amongst crypto holders, and it is another very good choice for storing your LTCs at.
The Trezor One is also the first-ever hardware wallet, launched in 2014 by the team at SatoshiLabs.
The Trezor One which is the slightly cheaper model from the Trezor team comes with all the security features wanted in a good hardware device. It has support for more than 1000+ cryptos, and Litecoin being one of those.
The difference between the One and Model T is that you do more of accessing the interface and coins via your computer and mobile after connecting it to your device. It also has slightly smaller storage and fewer coins and tokens supported.
The Trezor One costs about $59 and that is a decent price for a good quality hardware wallet.
4 ) Trezor Model T (Hardware)
The Trezor Model T which is the newer and upgraded version from the Trezor team. It comes with a bigger capacity for more cryptocurrencies, a full-colour screen.
Both the One and Model T comes with the support of U2F (Universal 2nd Factor) authentication, password manager and wallet application.
You can also use both Trezor devices with a range of other web wallets and mobile wallets.
5 ) Litecoin Core wallet (Desktop)
The Litecoin Core wallet is the official wallet from the Litecoin team.
And Litecoin Core is actually a downloadable client of the blockchain network. You can download Litecoin Core for both Mac and Windows.
With the Litecoin Core software you would be able to create a new wallet, access it and use it to send and receive transactions. You would also be the only able to access your private keys. And it is important that you make sure to keep a safe backup of your private keys at all times.
- You can download the Litecoin Core blockchain with a wallet here.
6 ) Electrum-LTC wallet (Desktop)
Another option that you can use for storing and accessing your Litecoins is the Electrum Litecoin wallet.
It is a lightweight wallet that can be used for all you want using a desktop device. Storing, sending and receiving.
You can download Electrum-LTC for Windows, Mac OS, and Linux. With Electrum-LTC you don’t need to download the whole blockchain as with Litecoin Core. The blockchain is instead maintained on a tamper-proof, remote server.
With Electrum-LTC you can generate and manage your cryptocurrency wallet securely offline. And you can use your private keys to access your Litecoins at many other Litecoin clients if wanted.
- You can download the Electrum-LTC wallet here.
7 ) LoafWallet (Mobile)
The LoafWallet is a mobile wallet from the Litecoin foundation itself. And it is available for download for iOS and Android.
The LoafWallet is an open-source lightweight wallet connected to the Litecoin network. It can be accessed from anywhere in the world and used in offline mode. It is a fairly new wallet so it looks good and is easy to use.
As it is maintained and created by the Litecoin foundation it gives it all a bit of extra validation. So when it comes to the best Litecoin wallets it should be high up on any list.
Found out more about the Litecoin foundation here.
- You can download LoafWallet for storing your Litecoins here
8 ) Trust Wallet (Mobile)
The Trust Wallet is a 3rd party wallet application that you can use to store many different cryptocurrencies. Litecoin is one of them. The Trust wallet is available for both iOS and Android.
It is a multi-currency wallet that is now the official wallet for Binance.
Binance has recently acquired Trust Wallet. It was acquired as a step to make use of much of what has made Trust Wallet so popular to bring the same experience to Binance customers. and we can expect to see a bigger collaboration between the two in the future.
- You can download the Trust Wallet for storing your Litecoins here.
9 ) Atomic Wallet (Desktop & Mobile)
Atomic Wallet is a popular wallet amongst crypto holders. And it is a multi-currency wallet, meaning you can store Litecoin but also many other cryptocurrencies on it.
The Atomic wallet is available for both desktop and mobile (Windows, Mac, Ubuntu, Debian, Fedora, iOS and Android).
The Atomic wallet is decentralised that keeps your private keys at all times encrypted and they never leave your device or application.
The Atomic Wallet supports more than 500+ coins and tokens. Find out more about which cryptocurrencies it supports here.
The Atomic Wallet has a lot of good going for it, it has a very nice-looking wallet app, lots of supported coins and devices. Which makes it a highly recommend wallet on this top Litecoin wallet list.
- You can download the Atomic Wallet for storing your Litecoins here.
10 ) Exodus Wallet (Desktop & Mobile)
Another very popular wallet that deserves to be on this list is the Exodus Wallet. Which is a is a multi-currency wallet with support for storing, sending, receiving and exchanging cryptocurrencies built-in.
Exodus wallet is available for both desktop and mobile. It is also supported to use with the Trezor hardware wallets.
You can also use the Exodus Wallet app on both mobile and desktop to swap cryptocurrencies for others. Meaning you can easily use it to swap some BTC for some LTC if you want.
Overall the Exodus is a slick and really user-friendly application and wallet. So we definitely think you should look into it for storing your Litecoins.
- You can download the Exodus Wallet for storing LTC here.
11 ) Liteaddress Wallet (Web)
Liteaddress is an open-source online Litecoin wallet generator. Which you can use to generate your own private wallet. And you can then print the keys (public and private).
So basically Liteaddress is an online web wallet generator. It has support for several languages and it is really easy to use.
You can disconnect your internet to generate the wallet in offline mode.
- You can create your own Litecoin wallet with Liteaddress here.
Conclusion – Litecoin wallets reviewed
So that is the full list of best Litecoin wallets. We are sure that one of these wallets should be a good match for storing your Litecoins.
There are many different types of wallets, from mobile to desktop, hardware wallet or even paper wallet.
We do recommend investing in a secure hardware wallet. It is definitely one of the safest ones to store your LTC or other cryptocurrencies at.
If you liked this article feel free to share it. Also if you have any questions leave a comment below or get in touch with us.
Find other guides:
- Best way to invest in crypto
- What crypto markets are
- Bitcoin investing guide
- How to short Bitcoin
- Best Ethereum wallets
Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier