As the push for cryptocurrency and blockchain adoption gains momentum, more users are joining the crypto space daily. Similarly, more wallets enter the market to match the growing number. However, users need to know that some wallets offer more storage functions than others. Usually, it is about special security features and supported currency options.
Even so, there are many other factors to consider, including a hardware, web, desktop, mobile, or paper wallet. If you’re looking for the best Litecoin wallet for your crypto assets, here is a curated list of ten wallets that will meet your needs and preferences.
1. Ledger Nano S
If you’re asking which is the best Litecoin wallet now, Ledger Nano S is so far among the best wallets in the crypto market, with the most secure options. It comes with private keys to enhance user’s security, an OLED screen, and a sleek exterior made of stainless steel.
In the initial setting, you create a password and a 24-word passphrase for your private key and seed key, respectively. If you forget your private key password, you can use the seed key to access your funds.
Pros:
- It’s highly secure;
- User-friendly interface, stainless steel surface, and OLED screen.
Cons:
- It bears a heavy price tag;
- If you lose your seed key, you can’t access your wallet.
Overall, the Ledger Nano S is a hardware wallet that supports more than 40 digital currencies, including Litecoin, Ethereum, Bitcoin, and many others.
2. Trezor Wallet
Another best Litecoin wallet is Trezor, which offers hardware functionality and excellent security features. With an OLED screen that displays a 9-digit PIN number each time you want to access the wallet, Trezor accommodates seven digital currencies, including Litecoin.
Like the Nano S, this wallet comes with a 24-word passphrase that serves as the seed key. Your coins are safe even when you’re offline, and you can use the seed key to retrieve your wallet. Importantly, the device is light and portable but comes with a price tag as well.
Pros:
- Supports several digital currencies;
- Seed recovery functionality;
Cons:
- Comes with a heavy price tag;
- You have to keep the seed key very safe.
Trezor is a hardware wallet and, in addition to Litecoin, it supports ETH, ETC, BTC, Zcash, Dogecoin, and Namecoin.
3. Atomic Wallet
Another cool option for storing your Litecoin is Atomic Wallet. This desktop wallet supports more than three hundred different digital assets, both tokens and cryptocurrencies. Importantly, the device runs on various operating systems, including macOS, Debian, Ubuntu, Fedora, and Windows. It recently launched Android app and IOS app versions that allow users to run the wallet on a mobile device.
With private keys and round-the-clock customer service, you can count on the Atomic Wallet as one of the best.
Pros:
- Supports multiple desktop and mobile applications;
- Supports more than 300 digital currencies;
Cons:
- It’s a hot wallet, so less secure compared to cold wallets;
- Only the user has control over the wallet’s security.
4. Exodus Wallet
Exodus is another best Litecoin wallet option that supports nearly one hundred different digital assets. It comes with a ShapeShift converter that allows users to manage various digital currencies under one roof. Importantly, the wallet runs on Linux, Windows, and macOS. It has a 12-word seed key that you can use for both recovery and security purposes.
Pros:
- It’s free to use, simply download;
- Supports more than 100 digital currencies.
Cons:
- The wallet has no 2-factor authentication for added security;
- Newer wallets are vulnerable to attacks.
Exodus is a desktop wallet and supports Litecoin, Bitcoin Cash, Dash, and many more.
5. Jaxx Wallet
Jaxx is another suitable option for Litecoin storage. This wallet is perfect if you have multiple cryptocurrencies to manage on both mobile and desktop platforms. It also allows you to use a ShapeShift converter to help you monitor all your assets and a 12-word seed key for recovery and security. Remember, the seed key is exclusive to the user, so you must keep it safe. Jaxx wallet operates on Firefox, Windows, Chrome, Mac, iOS, and Android.
Pros:
- Runs on multiple devices;
- User-friendly interface;
Cons:
- It’s a hot wallet linked to the internet. This makes it not so secure;
- Has a history of security lapses in the past.
Jaxx is a desktop wallet and supports both mobile and web-based operations. It includes a long list of cryptocurrencies, such as Litecoin, Bitcoin, Ethereum, Zcash, and more.
6. LoafWallet
LoafWallet is designed to store Litecoin on iOS and Android-powered devices. The wallet comes with 12-word passphrase that is very useful if you lose your password. It also allows you to purchase Litecoin on Coinbase and store it in the wallet.
Pros:
- Carries no price tag;
- Runs on IOS and Android.
Cons:
- Only stores Litecoin;
- Does not support offline storage.
LoafWallet is a mobile wallet that supports only Litecoin, and it is free to download.
7. Uphold Digital Money Platform
The Uphold platform contains a Litecoin wallet that supports additional more than 30 different assets. If you are looking to the best Litecoin wallet for both crypto and fiat, Uphold is the place to be. This digital wallet runs on various platforms, including Android, iOS, and other web browsers. The wallet is easy to use and allows a 2-factor authentication for added security. Besides, the wallet is operational in more than 180 countries, which makes it easy to trade crypto worldwide.
Pros:
- Supports both digital and fiat currencies;
- Has a 2-factor authentication.
Cons:
- Features conversion fees;
- Does not support many crypto assets compared to other wallets.
The Uphold Litecoin wallet is both mobile and web clients. In addition to Litecoin, it supports more than 30 other digital currencies, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, and fiat currencies.
8. Litecoin Core
Litecoin Core is the official wallet for Litecoin storage, which makes it to rank as the best Litecoin wallet. It is free to download and allows your device to store your private keys on file. It runs on Windows, Mac, and Linux operating systems.
Litecoin Core wallet downloads full blockchain of Litecoin onto your desktop, and this may take time based on network and storage capacity of your device. You need plenty of storage according to the number of coins you wish to store.
Pros:
- It’s the official wallet for Litecoin;
- Free to download.
Cons:
- Only serves Litecoin;
- Does not support mobile use.
9. Rahakott Wallet
Rahakott is one of the best Litecoin wallets available on the crypto market. This is completely accessible online, which makes it easy for users to manage their crypto assets at all times. It requires no username, e-mail address, or phone number to log into your wallet. Instead, it only requires a mnemonic phrase to access your funds. The wallet comes with a 2-factor authentication and allows you to operate multiple wallets under one account.
Pros:
- Easy access;
- Comes with a 2-factor authentication.
Cons:
- It’s a hot wallet, so can be compromised online;
- Does not support many digital assets.
Rahakott supports only four cryptocurrencies: Litecoin, Bitcoin, Zcash, and Bitcoin Cash.
10. Liteaddress.org
Liteaddress.org is different from the previously mentioned wallets. It’s a paper wallet that allows you to keep and save your private keys on the paper. If another person gains access to the paper, you can easily lose your funds. However, the wallet operates just like any other and can accommodate nearly any currency. It allows you to customize your private keys too.
Pros:
- Can serve many currencies;
- It’s an offline option, so more secure.
Cons:
- Not a good option if you’re prone to losing things;
- New users might find it complicated.
Final Thoughts
Finding the best Litecoin wallet can be tricky, with the vast array of options available on the market. This list provides a variety of Litecoin wallets to cater to your needs. If you aim to use the freely downloadable wallets, you can find safe custody and manage your coins on Litecoin Core, Exodus, and LoafWallet. All the same, you can spend a little more to own the wallets with price tags, such asTrezor and Ledger Nano S.
Featured image: crypto-news.net
The post appeared first on Coindoo
