Loading...
Home 2018-04-20T11:42:44+00:00

Here Are the Top 4 Litecoin Wallets to Keep Your Coins Secure

A Litecoin wallet is one of the essential tools you need to start trading with. A wallet is simply a folder that you use to receive, store and send coins. It is like the physical wallet that you use to carry your cash in the virtual platform.

However, you need a private key and an address to use it in your Litecoin trading. Like in Bitcoin and Ethereum, there are several types of wallets for Litecoin. They include the hot wallet that is connected to an online platform, a cold wallet which is offline, and hardware wallet which is offline and more secure than the other two options.

bitcoin usd price

As a newbie in the cryptocurrency trade, your concern may not be about hot, cold, or hardware wallets. Rather, all you need is a Litecoin Wallet to start trading. Without further ado, here are the top Wallets you can use in trading Litecoins:

litecoin to cad

While cryptocurrency trading is a profitable venture, it is also a scam magnet. Not everyone on the exchange platforms is a genuine trader. Some are there to take advantage of people without trading ideas and knowledge. Fortunately, litecoin to cad understands this reality. The wallet operates on the concept that states “do not trust anyone.”

For this reason, the wallet offers you privacy and conducts full verification of all Litecoin transaction data. As such, you are certain that you are trading with genuine persons. Litecoin core is a desktop wallet meaning that you will have to install it on your PC or laptop.

Ledger Nano S

Ledger Nano S is one of the leading cryptocurrency hardware wallets. Unlike other wallets, it is designed for cryptocurrency trading purposes. The wallet has an inbuilt chip for processing private keys. This makes it the most secure wallet for storing your coins. Also, Nano S is a multipurpose wallet that allows you to hold Bitcoins, Ethereum, and Litecoins plus other altcoins. However, it is not free.

Litecoin

Bitcoins

Shopping

bitcoin how to buy

You have to purchase the device for $70 or more. The good thing about this device is that it has an inbuilt screen that offers you an opportunity for verifying and confirming transactions.  Also, it stores your private keys offline securing you from online hackers and fraudsters.

Litecoin Paper Wallet

Before proceeding on, it is essential to inform you that creation of a Litecoin Paper Wallet is not an easy task. Nevertheless, it is possible. All you need is some information on its creation process. The good thing is that this information is available on Google. So, you do not have to struggle much if you can make this search engine your pal.

Upon learning the process, you will need to proceed on to liteaddress.org, create a wallet and print out the private keys. Notably, the option is an affordable way of creating secure wallets when buying a Ledger Nano S or, any other hardware wallet is a pain in your back.

Jaxx

You may be wondering whether there are wallets for iPhone and iPad. Probably, you do not have a PC or a laptop. If so, you do not have to worry Jaxx is a Litecoin wallet that you can install on your iPhone or iPad. The wallet allows you to send and receive Litecoins. However, it is advisable that you should not use it to hold a large number of coins. Since it is an open source, it puts you as a suitable cyber-attack victim.

Thus, to avoid such cases, you need to use this account only for daily transactions. In case you want to store your Litecoins, you should opt for an offline wallet.   

bitcoin buy canada