The app is available for Android and iOS and also features a built in exchange.Ĭoinomi – An multicurrency wallet (over 500 coins and tokens supported) for mobile and desktop that also supports a desktop interface. The wallet is available for both Android and iOS.Įdge – Formerly known as Airbitz, Edge is a simple and easy to use cryptocurrency wallet that supports Litecoin and over a dozen other cryptocurrencies. Additionally, users can invest (without storing the actual coins) in 28 other cryptocurrencies. Mobile walletsĪbra – Abra is a relatively new player on the market, giving users the ability to store Litecoins directly on their phone. You can read my complete TREZOR Model T review here. TREZOR wallets can also hold additional currencies other than Litecoin, however, they offer a somewhat smaller variety than Ledger and no mobile compatibility. TREZOR – Another well respected hardware wallet manufacturer offers two main models – The TREZOR One and the TREZOR Model T. You can read my complete Ledger Nano X review here. The Nano X has the ability to access the hardware wallet via a mobile app and can store a wider variety of coins. Ledger – Ledger supplies two hardware wallet models that can store Litecoins – The Nano X and the Nano S. Second, in order to send money from a paper wallet you’ll need to import the private key from the paper wallet to a software wallet.Ģ. First, the piece of paper can get lost, destroyed or stolen. There are of course several disadvantages to a paper wallet. This means you’ll write down your private key on a piece of paper and store it somewhere safe. Paper Walletsįor maximum security you can use a paper wallet. These wallets are the most recommended, but they also come at a price (unlike previous wallets I’ve mentioned which are free). Hardware wallets allow you to send and receive Litecoins with complete security, as all of the important stuff like signing transactions is done offline. In order to send Litecoins from this type of wallet you’ll need to connect the device to your computer via a USB portal. Hardware WalletsĪ small piece of hardware that keeps your private key offline (aka cold storage). They are usually recommended for small amounts of money. While a bit safer than web wallets, software wallets are still considered hot wallets – wallets that are connected to the internet and therefore are more prone to hacks and theft. This means you have complete access to your private keys (i.e. In this case, your private key is stored on your desktop or mobile device. These types of wallets are also known as software wallets. It’s best to avoid them, and if you have to use them, don’t keep a lot of money in them. They are what is known as custodial wallets. These types of wallets are the least secure since you don’t have any direct control over your coins. your password) is stored by someone else for you. The main thing to remember with a web wallet is that the private key to your Litecoin wallet (i.e. They are usually used in cryptocurrency exchanges or gaming sites. Web wallets give you access to your Litecoins through a dedicated website. Gmail, Outlook, etc.) only for your Litecoins. Imagine it’s like your email program (i.e. If you prefer to read, I’ll give you a brief breakdown of what you need to know.Ī Litecoin wallet is a program that helps you send and receive Litecoins. If you want an in depth overview about cryptocurrency wallets and how they work make sure to watch this video: Just like Bitcoins, Litecoins are stored inside a Litecoin wallet.
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