What is Litecoin Wallet?

Litecoin is the world’s first open-sourced P2P altcoin that has maintained its positional consistency by market capitalization. A Litecoin wallet is a software application that allows you to store, send and receive your Litecoins in a secure way. Some of the Litecoin(LTC) wallets focus on security more, some focus on its easy-to-use features. Based on specific requisitions, people choose their wallets.

You must be knowing that the most secure wallet is the one whose private key is owned by you. Not holding your private keys might lead to a possibility of hack or theft.

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What To Look For Before Choosing A Litecoin Wallet?

The wallet should be secured.

The wallet community should be active, and the company must be of repute.

The wallet should provide backup and restore.

The wallet should be easy to use and can be navigated easily.

The wallet should be compatible with the devices and operating system being used by the user.

The sole proprietor should be you, i.e the control over the private key lies on you.

List of 13 Best Litecoin Wallets in 2020

The top 13 Litecoin wallets in 2020 are:

Ledger Nano S

Trezor

Freewallet

Jaxx Liberty

Guarda Wallet

Exodus

Coinomi

Edge Wallet

Loaf Wallet

Electrum LTC

LiteAddress

LiteVault

Litecoin Core

#1 Ledger Nano S

Ledger Nano S is a USB sized cryptocurrency hardware wallet, which is best for Litecoin transactions. It is multi-asset hardware which looks like a folding flash drive. The best part is that it can store Litecoin, Bitcoins, Ethereum, ERC tokens and more than 30 other digital currencies. It works like a USB device, which when connected to the device needs the device to confirm transactions.

It is safe and can run multiple apps, relatively inexpensive, unhackable and malware proofed. It is a hardware wallet so there is no risk of the private keys to get exposed to the internet. This is one of the top LTC wallets available. It can support and store more than 30 cryptocurrencies and can integrate with multiple software wallets. Lastly, it is one of the affordable OLED-based hardware wallets.

Click here to access Ledger Nano S

#2 Trezor

Trezor is an offline hardware Litecoin wallet which also acts like a USB device, which operates on “Zero Trust Approach”, which minimizes the compromise by a third party. It is one of the best Litecoin wallets, protected by a PIN and provides you with recovery seed if your wallet is stolen or lost. It is specifically a Bitcoin wallet but supports 14 other cryptocurrencies. It is very compatible for Litecoin users. The recovery seed and the cross-compatibility feature makes it one of the most trusted wallets. It has an easy-to-use interface and saves from hacking and thefts by their difficult protection PIN. Just that it limits its communication with other devices. When the USB device isn’t connected, it’s turned off.

Click here to access Trezor

#3 Freewallet

Freewallet is an online multi-currency wallet that supports multiple currencies like Bitcoin, Ethereum, and more than 30 crypto tokens, wherein it enables the free transaction between the freewallet users. You can even buy cryptocurrencies with the help of a credit card. It is not only a web wallet but its also available for mobile devices to download, such as iOS and Android. Freewallet provides some of the best features like multi-signature transaction confirmation, 2-factor authentication and many more.

Click here to access Freewallet

#4 Jaxx Liberty

Jaxx Liberty is relatively a new crypto wallet which believes in simplifying the blockchain and attracting the masses to its unique selling proposition. Jaxx is a multi-chain wallet which offers support for seven cryptocurrencies, namely Bitcoin, Litecoin, Ethereum, Dash, Ethereum Classic, Bitcoin Cash, REP and many more. Jaxx gives you full control over the wallet, which is highly accessible with desktop and mobile compatibility. It allows you to quickly convert between Bitcoin, Litecoin, Ethereum and DAO, and will also work for all the coins, the Jaxx developers integrate in the future. It has been tagged as one of the best Litecoin wallets app in the cryptocurrency wallet review. Its available in the form of a desktop app, Android and iPhone apps and Chrome extension.

Click here to access Jaxx Liberty

#5 Guarda Wallet

Guarda Wallet is a custody-free, multi-currency wallet for over 45 blockchains and thousands of tokens. The storages come in Web, Desktop, Mobile (iOS, Android) and Chrome Extension versions. The coins that Guarda supports include Bitcoin BTC, Ethereum ETH, Bitcoin SV, Monero XMR, Zcash (Shielded transactions are supported, too), Dash, Ethereum Classic and more. The extended functionality of the wallet also allows built-in exchanges, purchases, selling cryptocurrency for fiat and operating with Ledger hardware wallet. Staking, delegation and more currency-specific features of supported blockchains are also there for Guarda users to try out.

Guarda is secure, as it does not store any personal data of the clients – all the wallets are non-custodial, with backups encrypted and stored on the user's device. From the point of safety, coin and feature support as well as versatility, Guarda is one of the best cryptocurrency wallets on the current market.



Click here to access Guarda wallet.

#6 Exodus

Exodus is one of the best Litecoin desktop wallets which supports nearly three dozen cryptocurrencies including Bitcoin, Litecoin, Dash, Zcash, Ethereum among the popular ones. As Exodus is a lite wallet, you never have to store the entire blockchain in your desktop. Its said this Lite wallet is one of the best to store Litecoins. Exodus galore with its pros over its cons. It has a very good interface with good access to the wallet, i.e full control. Transactions over a crypto network can be made directly through the Exodus wallet. The transaction fee is paid to the network itself and not Exodus.

Click here to access Exodus

#7 Coinomi

Coinomi is one of the oldest multi-platform, multi-chain cryptocurrency wallets available, trusted by over 2.5 million users. It is a Hierarchical Deterministic wallet that offers native support for over 125 blockchains and 1770 tokens and implements the strongest standards of security and privacy. It supports multi-seed setups, and each seed phrase can have its own encryption settings, according to its use case. No user data are ever collected by Coinomi, while users' IP addresses are obfuscated for total privacy. Coinomi was one of the first wallets to offer native segwit for BTC and 14 more blockchains, and users can switch between native segwit, compatibility, or legacy address formats with the click of a button. Users enjoy full control of their transaction fees and UXTOs in Coinomi while its UI is hailed as one of the most intuitive in the space, suitable both for first-timers and advanced users. Coinomi is translated in over 25 languages and boasts 175 Fiat representations as well.

Click here to access Coinomi Wallet

#8 Edge Wallet

Edge wallet is one of the most prestigious multi-currency wallets, which can be used even by beginners. You can buy, store and trade multiple cryptocurrencies in a single app, where you are in total control over your private keys. Edge is focused on user privacy and security, hence they adhere to cutting edge technology where the users can have secure access with just a PIN or touch ID.

Click here to access Edge Wallet

#9 LoafWallet

LoafWallet was the first Litecoin wallet for ios which was developed by Charlie Lee, the creator of LTC. Recently, it started off with its Android version, too because of the increasing number of Litecoin users for Android and is slowly becoming one of the best Litecoin wallet Android according to the Litecoin wallets review. LoafWallet’s maintenance is being taken care of by the Litecoin Foundation. LoafWallet is an open-sourced HD Litecoin wallet that allows the users to restore the funds by using 12-word recovery seed key. It’s inbuilt feature allow its users to purchase LTC via Coinbase. You can create both Litecoin wallet android and Litecoin wallet ios, it is available for both the devices. You can convert LTC to BTC from CoinSwitch at best rates.

Click here to access LoafWallet

#10 Electrum LTC

Electrum LTC is the lighter version of the Litecoin core wallet and is also a desktop wallet and is regarded as one of the best Litecoin wallets online. The best part about Electrum LTC is that it doesn’t require you to sync the network, hence the time taken is lesser than Litecoin core. As a deterministic wallet, Electrum- LTC provides with increased protection by allowing to create a 12 digit password and be able to freeze it once it gets hacked.

Click here to access Electrum LTC

#11 LiteAddress

Lite Address is the paper Litecoin wallet which is perfect for those who want to store a large amount of LTCs for a longer period of time. It is one of the cheapest and most secure alternatives to hardware wallets. But you have to know how to properly handle a paper wallet, otherwise, it might prove to be a bit expensive and tricky.

Click here to access LiteAddress

#12 LiteVault

LiteVault is a Litecoin web wallet which is fast and easy to use and has a free sign up process, which takes not more than 10 seconds. LiteVault’s source code is publicly available, and all user wallets are encrypted before they reach the provider’s servers, which in turn, allows you to retain control of your private keys. This is specifically LTC compatible crypto wallet, which doesn’t support any other cryptocurrencies apart from Litecoin.

Click here to access LiteVault

#13 Litecoin Core

Litecoin Core is the free Litecoin wallet for the desktop. So, once you start using it on your desktop, the desktop itself acts like the wallet and your private keys are stored there. It supports multiple operating systems,i.e, Windows, Mac and Linux. It takes some time, around 4 days as the core wallets sync with the entire blockchain as a full node. Not only time, it takes a lot of storage space also, so if you want to store any multi-currency wallet, you have to look for a different device.

Click here to access Litecoin Core

Tips To Safely Store Your Litecoin

Protect it securely with 2-factor authentication.

Try choosing the wallet wisely after researching on the wallet and the community behind that.

FAQs On Litecoin Wallet

1. How to add money in the Litecoin wallet?

There are multiple ways to add LTC to your address. The easier one to acquire LTC is you can exchange it with any other coins. Go here to understand the entire process of exchanging and adding money in any wallet.

2. What is a Litecoin wallet?

Litecoin wallet is used to store Litecoins securely.

3. Which is the best Litecoin wallet?

The above-mentioned wallets are chosen as they are secure and user-friendly. As per your device compatibility, you can choose any.

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CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through the global exchanges like KuCoin, IDEX, Changelly, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!

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