Despite being similar to Bitcoin (BTC) and altcoins such as Ethereum (ETH), Ripple (XRP), and Tether (USDT) in many aspects, Litecoin has acquired a customer base of its own in the past years. Therefore, it is not surprising that more people are investing in Litecoin and like to use the token for cryptocurrency transactions. Because of the lower value, advanced security, and faster transactions, LTC is easier to manage.
Nevertheless, having an effective cryptocurrency is the key to effectively managing Litecoin, like any other cryptocurrency token. Fortunately, due to the popularity of the coin, hundreds of cryptocurrency wallets can work with Litecoin. Depending on your needs, you can find a number of hardware, digital, and hybrid wallets as well. Then, there is LoafWallet – which is termed the official Litecoin wallet to store LTC.
We thought you might have some trouble finding the right wallet for you. To help you get through the vast list, we have covered the best Litecoin wallets you can find today. As you can guess, we have split this list into different sections, like the best hardware wallets and the best mobile wallets for Litecoin. Therefore, regardless of your device preferences, you can find a multi-currency wallet to store, manage, and transact LTC using debit cards and credit cards.
Choosing the Right Litecoin Wallet For You
Here are the few things you should keep in mind while searching for the best wallet for your needs.
- The cryptocurrency tokens that you normally use apart from Litecoin. Most crypto wallets come with support for more than one cryptocurrency coin.
- The device you normally use to complete crypto transactions. You can find wallets that work with PC, mobile, and other platforms.
Last but not least, you should decide whether you need a physical or digital wallet. Physical wallets offer enhanced protection and a near-tangible feel to your cryptocurrency transactions. However, if you use a digital wallet, you almost always need a smartphone/computer to ensure maximum security.
Best Hardware Wallets
We have talked about the two best hardware wallets that you can use to store Litecoin. As it happens, they are also your best choices when it comes to handling other popular cryptocurrency tokens like Bitcoin, ETH, and Bitcoin Cash.
1. Ledger Nano S
Ledger Nano S is one of the most popular cold storage wallets you can get from the maker. You may already know that Ledger is one of the leading manufacturers of crypto-related products. Probably the best part about Ledger Nano S is that it combines the best level of security, convenience, and compatibility you need to buy, store, and manage Litecoin and other cryptocurrency tokens.
We should also keep in mind that the Ledger Nano S remains one of the most suitable crypto wallets for all beginners in the crypto world. Even then, this 2016-released wallet would not have trouble handling almost 1200 different cryptocurrency tokens with ease. The CC EAL5+ Certified Secured Elements and the credible certification from ANSSI make it a solid choice from a security standpoint.
You can also make use of the Pin Code and the 24-words recovery phrase for additional safety of the Ledger Nano S. In terms of other aspects, you would love its portable design and the lack of battery. Therefore, you will not have trouble using the LTC wallet as long as you have a USB Type Micro B cable with you. You do not have to worry about battery life, either.
Another impressive thing about the Ledger Nano S is its support for the Ledger Live app itself. This could be your easiest platform for buying and managing crypto with ease. You can use the USB cable to connect to a desktop computer (running Windows, Mac, or Linux operating systems) and an Android v7+ smartphone if you use an OTG kit in terms of standard connectivity options.
Altogether, when you get the Ledger Nano S to manage Litecoin, you are getting a nifty offline wallet for all your crypto needs. Because this is an entry-level wallet, you can install only 3 – 6 apps, depending on the number of apps. Since the wallet comes with dedicated support for Litecoin, you can manage all aspects from the Ledger Live app’s convenience.
- Beginner-friendly design
- Dedicated support for Litecoin
- Independently certified security
- Extensive support for currencies
- Affordable pricing
- Lower storage capacity
- No wireless connectivity
2. Trezor One
We believe you should check out the Trezor wallet if you need one of the safest places to put your LTC securely. You should consider this option, especially if you have plans to keep a comparatively high number of crypto coins in the wallet. However, once we hold the logistics aspects aside, the Trezor One Litecoin Wallet opens up useful crypto management apps for beginners and Pros alike.
The first thing you would notice about Trezor One is that it is big. This is one of the devices you cannot carry around without gaining attention from people who know crypto. At the same time, unlike the Nano Ledger S, you have got a better way to manage all the elements. There are, however, a few common elements. For instance, you would still need a micro USB cable to connect it to your computer or mobile device.
The hardware wallet supports more than 1000 coins, including Litecoin, Bitcoin, USDT, Ethereum (ERC20), Ethereum Classic, Bitcoin Gold, and Namecoin. The device comes with CE and RoHS certification, ensuring the best-in-class reliability when taking the device on the go. The bigger screen also helps you in verifying all the details of a recent transaction with ease.
Another impressive thing about the display is that you can be sure about what you deal with. It comes in handy while using the device as a U2F hardware token. Whenever you approve a transaction or a log-in process, the big screen would show you what you are dealing with. The company does not specify the number of apps you can install, but it should be higher than Ledger Nano S.
Similar to a Bitcoin wallet, Litecoin wallet works with Windows, macOS, Linux, and Android. You cannot yet connect it to an iOS device, though. While it does not natively support Chrome OS, you can use the wallet via the Google WebUSB platform. Did we mention that Trezor One gives you access to one of the best-designed platforms for managing crypto and saved passwords?
- Bigger display panel
- Tactical buttons for control
- Built-in password manager
- Supports more apps
- Secure management
- Crypto manager could be better.
- No in-device encryption
Best Desktop Wallet for Litecoin
If you like to manage your Litecoin investments and transactions from a desktop, you should check out this desktop web wallet. This well-optimized app can help you keep track of everything and make use of the big screen.
1. Litecoin Core Wallet
If you can live with some minor shortcomings, the Litecoin Core Wallet can effectively manage Litecoin. Compared to the other online wallets on this list, Litecoin Core might have a rudimentary User Interface, but it gets the job done. Because the app comes from the same developers who made Litecoin, security should be the least of your concerns.
Even if you are entirely new to cryptocurrency and Litecoin, this full node wallet client for Windows, macOS, and Linux would be a great way to get started. Advanced security and an increased level of stability would be some reasons why you should check out Litecoin Core. At the same time, you can enjoy relatively lower transaction fees as well.
While the Litecoin Core Wallet team tries to make a secure wallet, you do not get features like 2FA, a dealbreaker. Because the app comes with advanced encryption capabilities, you do not have to worry about what you share. Last but not least, this Litecoin wallet works perfectly as a free Litecoin wallet. Even when it comes to handling more significant transactions, you do not have to worry.
- Completely free to use
- From the Litecoin developers
- Enhanced encryption options
- User-friendly and easy to use
- No 2-factor Authentication
Best Mobile Wallets for Litecoin
If you would like to manage your Litecoin currencies from the convenience of your smartphone, you have more options to choose from. Depending on the device you use and the features you need, you can download one of these mobile software wallets from the app store.
1. Jaxx Wallet
Jaxx Wallet is a centralized space where you can safely manage Bitcoin, Litecoin, Ethereum, and 80+ crypto tokens from the blockchain world. This single app would help you manage your cryptocurrency investments in their entirety because you can track your assets, cryptocurrency prices, other holdings, and trending news from the tech world.
According to the developer, first things first, Jaxx Wallet is completely free to use and always will be. More importantly, you do not have to go through the hassles of logging in to manage your cryptocurrency tokens. All the while, you can enjoy the world-class support from the team. Jaxx Wallet is available for mobile and even Chrome OS.
There are some letdowns in this wallet as well. For instance, the Jaxx Wallet does not offer support for two-factor authentication. To overcome this scenario, the wallet allows you to create a stricter password policy, though. That is, you can set up Jazz Wallet to require password authentication for performing even the most straightforward tasks.
Because there is a built-in cryptocurrency exchange, Jaxx Wallet is a suitable choice for those who frequently trade between various digital currency tokens. In the end, if you can keep some security concerns aside, Jaxx Wallet can be your single platform to manage Litecoin and other popular tokens. Because it is available for multiple devices, cross-platform pairing will also help you.
- Easy-to-use design
- Enhanced support
- Built-in exchange service
- Available for multiple devices
- No 2FA
2. Exodus Wallet
The Exodus Wallet is an impressive option if you are looking for a full-stacked wallet to manage your crypto assets from desktop, mobile, and even hardware tokens. Each of these versions offers a specific set of features, and we will be focusing on the Exodus alone. First of all, the wallet supports more than 125 cryptocurrency assets, including our beloved Litecoin.
Just like Jazz Wallet, it comes with a built-in exchange. This means you will not have trouble exchanging your Litecoin for some BTC or USDT without ever leaving the superb interface. At all times, the wallet would show you an overview of your assets as well. The dedicated buttons and the QR code interface make it easy to send and receive crypto assets without waiting for long.
We should also note that Exodus works with the Trezor hardware wallets. You can connect this hardware wallet to the account and use it with the Desktop or Mobile apps with ease. This may be a great way to boost your privacy and security while handling crypto. Even then, support for multiple channels and other effective features make the wallet a go-to option for many crypto enthusiasts.
The built-in exchange within the wallet comes in handy more often than you think. Because everything takes place within the app, you have to pay a minimal fee while trading your Bitcoin for LTC or vice versa. However, one problem could be that the wallet app does not have fully-fledged support for some altcoins. Some users have reported that the wallet fees are higher since they try to complete transactions ASAP.
- Beginner-friendly design
- Supports more cryptocurrencies
- Built-in exchange options
- Works with hardware wallets
- Fees could be very high.
Which One Is Better for iOS?
Are you wondering which wallet you should choose for an iPhone or iPad? Well, this is what we think.
As you can see, both the Jazz Wallet and Exodus have some shortcomings. For instance, you do not get options like 2-factor authentication. At the same time, both these wallet apps come with built-in exchange options. As it happens, both these apps are designed to work with more than one cryptocurrency token.
Given that we are dealing with Litecoin, compatibility should not be your concern, either. However, we believe Exodus is the better choice for iOS devices from a Usability point of view. As you can guess, you can benefit from iOS and the Apple ecosystem’s overall better security.
What about Papers?
Did you know that you can use printed papers as effective wallets for cryptocurrencies? In this case, they do work with Litecoin transactions as well. We will look at how this works and whether you should use the feature instead of the digital options we have talked about.
Liteaddress is an innovative and open-source service that allows you to create client-side Litecoin wallets. It should be noted that, unlike other wallets, you can take a print-out of the wallet. Once you have done this, you can add funds to the Litecoin address using an exchange or other services. Because the wallet print-out is made of two parts, you can use the private key to track the transactions and the current balance.
Using the Liteaddress wallet is completely easy, even for the newbies. When you open the website, you have to add a few random characters to help the site create a more random wallet ID. Once this is done, the site will show you an HTML page containing the wallet information. You can take a print-out or save the page as a PDF file.
Because the page contains QR codes for the public and private keys, you can use compatible apps to scan the information. By the way, you can use Liteaddress.org to create single wallets, paper wallets, brain, and split wallets using the single platform. Of course, this method is suitable for Litecoin transactions only. To control your assets, you need a desktop or mobile crypto wallet.
How to Add Litecoin to Your Wallet?
Depending on the wallet you are using, there are multiple ways to add Litecoin funds to your wallet. It may vary from device to device as well, but the core idea remains the same.
- If you want to receive Litecoin from someone, you can provide the wallet ID to them. They can finish the transaction from their side, and you should see the updated funds in a few minutes.
- If you use a Litecoin wallet with a built-in exchange, there will be an option to automatically add the funds to your wallet. You may, however, have to pay some fees while doing so.
- If you want to get Litecoin in exchange for other cryptocurrency tokens, you can use crypto exchange services. Here, too, you have to provide the unique ID of your Litecoin wallet.
All of these methods may incur a different set of fees, including the blockchain network fees. You also have to take the transaction size into account. Some exchanges offer a discount while transacting a vast amount of Litecoins. You can also explore some other options such as Atomic Wallet.
The Bottom Line
Could you find the best Litecoin wallet for you? We believe real competition happens between desktop and mobile wallets. This is because you need a mobile app or web service to manage almost every hardware-based crypto wallet out there. In the case of Litecoin, having a digital wallet helps you push down the time you spend per transaction.