Best Litecoin Wallet - Store and Manage Your Digital Assets
Litecoin (LTC) was one of the first altcoins and one of the few altcoins that has stood the test of time to become the popular digital currency it is today. To invest in Litecoin, crypto investors need a crypto wallet with a high level of security, an easy-to-use interface, and the ability to seamlessly store, send, and receive cryptocurrencies. Creating a Litecoin crypto wallet is very simple and in most cases is free.
Which Litecoin wallet should I choose?
The type of wallet that is best for you depends on your needs. All wallets have their own features, different usage and security levels. In the overview below you will find more information about the three different categories:
mobile wallets, software wallets and hardware wallets.
Our Wallet: Our Wallet is a great option to store your Litecoin
Creating a Litecoin wallet is very simple. There are different options for storing your Litecoin. Each type of wallet has its own characteristics and is different in terms of ease of use and security. Which wallet to choose? It depends on what you want to use your Litecoin for and what your shopping needs are.
Are you buying Litecoin for the first time? So creating a wallet for your smartphone is quick, simple and user-friendly. One of the most used mobile wallets for managing your Litecoin is our wallet (best crypto wallet). You can see how to create such a wallet:
- Visit the Google Play store for Android or the App Store for iOS.
- Search and download Coinomi.
- Launch the app and enter your 24-word recovery phrase. It is critical to back up your wallet!
- Set a strong password.
- Add Litecoin to your wallet.
- To get Litecoin, enter your receiving address.
Jaxx Liberty: If you are looking for a modern Litecoin wallet then Jaxx Liberty is the provider you are looking for. This crypto wallet is free and available for your smartphone and desktop. The wallet is also available as an extension for the Google Chrome internet browser. Jaxx Liberty is not Jaxx's first wallet, it is a more evolved version of their previous wallet (Jaxx). This new version was created by skilled developers who listened to customer comments. What also speaks to the support of this wallet is the fact that its owner Anthony Di Lorio co-founded Ethereum.
Jaxx Liberty Wallet is very user friendly. It is ready to use right after downloading and you can easily navigate through the different functions of the wallet. It has a built-in block explorer that makes it easy to track your transactions.
With this wallet, you are solely responsible for your private keys. The company behind this does not store your keys and cannot access them. Confidentiality is guaranteed.
Jaxx supports over 85 different currencies, for example Litecoin, Bitcoin and Ether. It is available for free download from the App Store (iOS) or the Google Play Store (Android). If you want to download the software to your computer visit jaxx.io.
Exodus: You can also store your Litecoins in a hardware wallet. Different manufacturers have developed different types of hardware wallets.
What is the Litecoin receiving address?
The receiving address is the same as your bank account number: People can use it to deposit Litecoin to your wallet. Do you want to receive Litecoin? Then you give the sender your receiving address. Do you want to send Litecoin to another wallet? Next, you need the recipient's receiving address. Litecoin receiving addresses always start with the letter L or M.
A Litecoin address would look like this: MGxNPPB7eBoWPUaprtX9v9CXJZoD2465zN. Please keep in mind that this is only a sample address. Make a habit of copying the receiving address from your own wallet. Although the bank account number remains the same, the Litecoin receiving address may change once it is used for the transaction. This way, all transactions are not tied to a single receiving address and your privacy on the network is better protected. Although the receiving address may change, the old address is still valid. All generated addresses are still linked to your wallet, meaning you can continue to use them to receive Litecoins.
How to send and receive Litecoin? When you buy or receive Litecoin, you use your wallet's receiving address. It is important to use the correct address, because if you use the wrong address, the funds will be sent to another crypto wallet. So, how does one obtain a Litecoin address? Where do we look for it?
Receiving address
First, log in to your wallet. In most wallets, the receiving address can be found at the "Receive" button. The Litecoin receiving address always starts with the letter L or M. In most wallets, the Litecoin receiving address will change automatically after it is used for the transaction. But don't worry: Old addresses will still be valid and linked to your wallet.
Receive: Copy the receiving address from your crypto wallet and enter it into the BTC Direct order form to receive Litecoin.
Sending: Sending Litecoins is easy! Click "Send" in your crypto wallet. Enter the recipient's receiving address that you copied. Indicate the number of messages you want to send, then confirm.
How to create a Litecoin wallet?
Creating a Litecoin or Crypto wallet is quite simple. There are different possibilities for managing your Litecoin. All wallets have their own features, different levels of use and security. There are Crypto wallets for Litecoin, but we recommend using a software wallet or a hardware wallet as they are safer options.
Security and backup
It is important to secure your wallet in the best possible way. The first step to secure storage is to make sure you store your seed phrase offline. A seed phrase consists of 12 or 24 randomly generated words. With these words, you will always have access to your funds, even if you lose your password or your computer crashes. Put them down on paper and preserve them somewhere safe. Don't take a picture of your seed phrase, most devices with a camera are connected to the Internet, which can allow hackers to access your seed phrase and thus your money.
Summary
Now you know how to create the best Litecoin wallet, how to secure it, and what the receiving address looks like. You also understand how to locate and use this address.
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