Litecoin (LTC) is a decentralized currency that facilitates the immediate and instant payments all across the world. Litecoin also works on peer to peer mechanism and there are no central governing authorities. It offers great security and user control to the investors. Litecoin has its own blockchain and works on innovative crypto frameworks.
Cryptocurrecnies are stored in the wallets all across the world. These wallets may either be in the form of programs or some hardware device. Different kinds of wallets offer different levels of security to the users. Wallets can be created, bought, and downloaded. Cryptocurrency wallets offer the great security to the users along with allowing them to buy and exchange their litecoins.
Following are the five best litecoin wallets being used all across the world:
Ledger Nano S
Ledger Nano S is one of the most famous and widely used offline cryptocurrency wallets. It is the wallet that is preferred by most of the uses for storing your crypto coins for relatively longer period. It can be used on the go because of its small size and easy portability.
Pros:
- Offers Multi currency support;
- Available at cheaper rates;
- Compatible with various platforms;
- Have a lot of security features;
- Can be used while on the go;
- Also works for multiple apps for users’ convenience;
- Have an OLED HD display;
- Comes with hardware authentication keys;
- Have ability to restore funds from a recovery sheet.
Cons:
- Not free.
Jaxx
The developers of this wallet are busy day and night in refining its user interface. This wallet also offers support for various cryptocurrencies with a lot of security features. One of the top security features of this crypto wallet is the import and export of private keys that the users can store at any place on the PC.
Pros:
- Offers support for about 13 cryptocurrencies;
- Gives the facility of exchanging the currencies within the wallet;
- Is available in both mobile and desktop versions;
- Can be used while on the go;
- Offers a lot of security features;
- Also has the capability to restore the funds;
- Quite easy to use;
- Allows the users to import/export the private keys at any time;
- Ideal for new users.
Cons:
- Not suitable for storing large amount of litecoins;
- Very young;
- Lacks two factor authentications.
Litecoin Core (Litecoin IQ)
Litecoin core is the official wallet developed by the company. It comes with a lot of security features and is quite easy to use. Many people across the world are using this desktop wallet because it is absolutely free. It gets synchronized with the entire blockchain of the currency for added security.
Pros:
- Official wallet;
- Free to use;
- Easy and ideal user interface for the beginners;
- A lot secure for being the official litecoin wallet;
- Supports different platforms.
Cons:
- Does not support multi currencies;
- Available only for desktops;
- A lot slower due to synchronization with entire blockchain.
Exodus
Exodus is one of the most favorite cryptocurrency wallets of the people all across the world because of being free and support for multi currencies. It comes loaded with a lot of security features including a 12 word recovery phrase. It is also one of those famous wallets that run on the mechanism of spaceshift technology. This enables it to support the exchange among various cryptocurrencies within the wallet.
Pros:
- Multi currency support;
- Can be used at various platforms;
- Beautiful and attractive user interface;
- Free to use;
- Offers a lot of security features;
- Allows exchange among various cryptocurrencies;
- Ideal for beginners also.
Cons:
- Available only in desktop version;
- Lacks mobile app;
- Does not offer two factors authentication.
Liteaddress.org
This is also called paper wallet because the users can store their private keys on a paper and save these. It is touted as the most secure wallet as compared to many wallets. Here, one thing very important to mention is that only the tricky users can use it without any danger of losing their funds. The method of the creation of paper wallet for the litecoins is similar to the way these wallets are created for other cryptocurrencies.
Pros:
- Quite inexpensive;
- Can be created easily for various currencies;
- Offers a lot of security.
Cons:
- Not easy to use for the beginners;
- Can misplace/lost easily.
We have reviewed the five best wallets for Litecoin. Now you just have to decide on which wallet to choose.
