Best Litecoin Wallets – Hardware Wallets, Mac, PC, iOS and Android Wallets

June 11, 2018

Note: This educational article is tailored to those who already hold litecoin or other digital currencies. You can start an investment in litecoin through bitbuy.ca with your debit or credit card. Canada’s simplest and quickest verifications.

What is a Litecoin Wallet?

A Litecoin wallet is a digital wallet for storing Litecoin. The wallet allows you to securely store your Litecoin, carry out transactions, and track your total value and holdings of Litecoin.

The Best Litecoin Wallet

Litecoin wallets also allow you to receive and send Litecoin and other digital currencies. There are a number of reasons to move your digital currencies to a wallet:

  • You don’t want to spend, transfer or withdraw them
  • You want to consolidate all your coins to one place
  • You’re worried about your privacy – maybe your email or social media accounts were recently hacked?
  • You’re worried about exchanges or other places being hacked?
  • You like the peace of mind of having assets in a safe place or safety deposit box

There are any number of reasons why you might want to move your coins to a wallet. Here are the different types of Litecoin wallets available today.

Types of Litecoin Wallets

  • Desktop wallets. These wallets can be installed on your personal computers, whether they are Windows, Mac or Linux.
Litecoin desktop wallet, windows litecoin wallet, mac litecoin wallet, linux litecoin wallet

Exodus – a desktop wallet that works with litecoin. Windows, Mac, Linux

  • Online wallets. These are run through the cloud and can be easily accessed from anywhere in the world.
Online litecoin wallet

LiteVault’s online wallet interface

  • Mobile wallets. Available as an app on Apple’s App Store, the Play store, or through other means, these wallets store your litecoin credentials on your phone.

    Litecoin wallet for iPhone and Apple Watch

    LoafWallet’s App Store screenshots

  • Hardware wallets. These wallets allow users to store their private keys on hardware devices as USBs. Some can connect to the web to make transactions online. Unlike a mobile (app) wallet, a hardware wallet can be stored or locked away somewhere.
    Hardware wallet for Litecoin
  • Paper wallets. These wallets are printouts or physical copies of your private and public keys. In addition to being relatively straightforward, paper wallets have high-security levels and are incredibly easy to use.
    Paper wallet to store Litecoin private keys

    A printed paper wallet with private keys to Litecoin addresses

Choosing a Litecoin Wallet

The ideal Litecoin wallet is the one that suits your needs. Here are some factors to consider when choosing a Litecoin wallet:

  • What you need the wallet for. Is it for making everyday purchases or do you need it as an investment to buy and hold digital currency?
  • Do you need to store one digital currency or several currencies?
  • Do you want to access your Litecoin wallet from anywhere in the world or just from home?
  • Are you careful with small things such as USB sticks? Will you lose it?
  • The different transaction fees

Some Amazing Litecoin Wallets to Try

1. Ledger Nano S

The Ledger Nano S is a well-known hardware wallet. It resembles a USB stick and has a built-in OLED screen. It also has a backup seed key and comes with a great pin code feature. Thanks to these features, you can easily track and restore your funds in case something happens to the device. The Ledger Nano S is the perfect wallet if you want to store multiple digital currencies. The fact that it is an offline wallet makes it more secure and the best for storing a lot of Litecoins.

Ledger Nano S for Litecoin

Ledger Nano S hardware wallet for Litecoin and other digital currencies

Pros

  • It is the most secure Litecoin wallet
  • Perfect for storing multiple digital currencies
  • Easily restores funds in case something happens to the device

Cons

  • Comes with an initial cost of $65
  • It can get stolen or lost

2. Exodus

Exodus is a great desktop wallet. Free to use, and available for Mac, Windows and Linux.

Desktop wallet for litecoin

Exodus desktop wallet for litecoin.

Pros

  • Beautifully designed, intuitive to use
  • Very well reviewed by trusted developers

Cons

  • Higher transaction fees than some other wallets
  • Not 100% open-source

Litecoin Wallets for iPhone and iOS

3. Jaxx

You can store multiple digital currencies in this wallet for iOS and iPhone. Besides supporting Litecoin, Jaxx is an entirely open source. Although it isn’t ideal for storing a large amount of Litecoins, it is perfect for storing LTC for day-to-day use.

 

Screenshot of JAXX iOS litecoin wallet

 

Pros

  • Supports up-to thirteen digital currencies
  • Can restore “lost” funds if you delete app or lose phone
  • Can be used for payments whenever you have phone with you

Cons

  • Not suitable for storing large LTC amounts. A stolen phone could put you at risk.

4. LoafWallet

Charlie Lee was the original creator of LoafWallet, but later the Litecoin Association took the code and developed LoafWallet for iOS and iPhone. The wallet is easy to use and comes with a clean interface making it ideal for beginners. Although LoafWallet allows you to store Litecoins on your phone, storing large amounts of Litecoin might cause you undue stress if you were to lose your phone.

 

Litecoin wallet for iPhone Loafwallet

Screenshot of iPhone Litecoin wallet – Loafwallet

 

Pros

  • Can restore funds

Cons

  • It isn’t ideal for storing large LTC amounts

Litecoin Android Wallets

Most recently, the Litecoin Association launched Loafwallet on Android. The wallet is arguably the best Litecoin wallet for Android users. An Android version of Jaxx is also available.

5. Liteaddress

Hardware wallets can be used to generate paper wallets easily and securely. Paper wallets are ideal for users who don’t have the money for hardware wallets, but want to securely hold their litecoin somewhere offline.

Pros

  • It is cheap and ideal for people who don’t want to spend a lot of money on Litecoin wallets
  • As secure as the location that you hold the paper in

Cons

  • A paper wallet can be misplaced or lost

 

On Litecoin Security

The security of Litecoin wallets differs from one wallet to another, and highly depends on the service provider and the type of wallet. Note that storing Litecoin in online wallets is riskier than keeping them offline. This is mainly because offline wallets are impossible to hack and don’t depend on third parties for security.

With that said, it is prudent to implement safety measures whether you are using offline or online wallets. Because regardless of the wallet you use, if by any chance your private keys get lost, you are at risk of losing money. Additionally, it is imperative to always know and trust the people you are trading with. Litecoin transactions are irreversible unless you can convince your counterparty to return the funds.

Moving Litecoin from an Exchange to a Wallet
If you’ve bought litecoin (or other digital currencies) on bitbuy.ca, it’s easy to send coins to a wallet. From your account’s “Balances” page, hit “withdraw” on litecoin or the currency you’d like to move.

You will be prompted to enter an address to withdraw the litecoin to. Entering an address and hitting send will withdraw your digital currency from bitbuy’s system, and send it to the address you provided. Make sure that you use a proper litecoin address, and double check the address before hitting send.

Quick withdraw bitcoin, litecoin, ethereum

Screenshot of bitbuy.ca’s process to send or withdraw currency

If you’re looking to add to your Litecoin collection, or buy other currencies to work with your digital wallet, sign up for an account today with Bitbuy.