Litecoin is the world’s first altcoin, and like Bitcoin, it is also an open-sourced P2P digital currency.
But unlike the turbulent surges in other crypto-coins, Litecoin has remained consistently in the list of top 5 currencies by market cap. And it has also proved to be a relatively safe bet in comparison to its peers.
That’s why Litecoin has become more precious in recent days. Many investors are now looking for ways to securely store Litecoins.
So we thought of coming up with a list of reliable and safe Litecoin wallets.
At CoinSutra, we believe that a secure crypto wallet should fulfill this critera:
- Should allow you to control your private keys.
- Should be compatible across different operating systems and devices.
- Should be easy to use and navigate.
- Should provide a backup and restore feature.
- Should have an active development community.
So without further delay, here is the list of different hardware, software, and desktop Litecoin wallets.
The 8 Best Litecoin Wallets Available
1. Ledger Nano S (Hardware Wallet)
The Ledger Nano S is the most popular hardware wallet available, and it supports Litecoin.
If you have a lot of Litecoins, this is the most secure and robust way to store them. It not only allows you to control your private keys, but they are also controlled in an offline environment.
It comes with an inbuilt OLED screen, a backup seed key, and a pin code feature. This is how you can restore your funds in case something goes wrong with your hardware device.
And if you are a multi-currency lover, then buying a Ledger is not a bad deal at $100.
The Ledger Nano S wallet supports the following major cryptocurrencies:
- Bitcoin (BTC)
- Bitcoin Cash (BCC)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Dash (DASH)
- Dogecoin (DOGE)
- Zcash (ZEC)
- Ripple (XRP)
- Stratis (STRAT)
- Komodo (KMD)
- Expanse (EXP)
- Stealthcoin (XST)
- NEO (Works with NEON Wallet and supports GAS too)
- Bitcoin Gold & more…
Also, it is multi-currency wallet where you can store/manage more than 700 coins and ERC20 tokens all at once place. And you can see the list of all supported cryptocurrencies here.
2. Trezor (Hardware Wallet)
When Bitcoin became a thing, more and more people started worrying about its security.
Hence, the Trezor wallet was born in a Czech Republic-based company known as SatoshiLabs, making it the world’s first hardware wallet.
Now, Trezor supports more than 6 cryptocurrencies (including LTC):
- BTC – Bitcoin
- ETH/ETC – Ethereum/Ethereum Classic
- NMC – Namecoin
- LTC – Litecoin
- DOGE – Dogecoin
- ZEC – Zcash
- DASH – Dash
It has a small OLED screen which shows a randomly generated nine digit pin code and a 24-word recovery seed to keep your funds safe in an offline environment.
It is a very light and portable device, similar to the Ledger Nano S.
It is available in 3 colors – white, gray, and black – and costs $99.
3. Exodus (Desktop Wallet)
Exodus is one of my favorite free wallets.
It is a multi-currency desktop wallet which supports 8 cryptocurrencies (including Litecoin).
It has a very interactive user interface and is backed by an active development team lead by JP Richardson and Daniel Castagnoli.
Most importantly, I like that Exodus’s ease of use isn’t compromised by a lack of security. It also provides its users with a one-click recovery system to restore a wallet with a 12-word recovery phrase.
It even has an inbuilt ShapeShift converter for multi-cryptocurrency lovers. You can use this feature to exchange any one of your currencies into another one.
Exodus is available on Mac, Linux, and Windows.
Update: Exodus now supports close to 100 cryptocurrencies! They also have multiple exchange partners (not just ShapeShift), which means we can offer more exchangeable assets. Sourcing liquidity from various partners has made exchanging in Exodus faster and more reliable.
4. Jaxx (Mobile & Desktop Wallet)
Jaxx is popular multi-currency blockchain interface wallet.
It is an HD wallet which supports 13 cryptocurrencies (including LTC) and allows its users to restore their funds with a 12-word backup seed key feature.
The active development community behind Jaxx has given it an easy to use interface. With Jaxx, you control your private keys and can export/import keys whenever required.
It also has ShapeShift built in for multi-cryptocurrency lovers. Again, you can use this feature to exchange any of your cryptos into any other crypto.
Jaxx is available on iOS mobile/tablet, Chrome and Firefox extensions, and MAC/Linux desktop versions.
5. LoafWallet (Mobile Wallet)
LoafWallet is the first iOS-only mobile wallet for Litecoin. As of now, it is not available for Android devices.
It was developed by Charlie Lee, the creator of LTC.
The Litecoin Association, a passionate group of volunteers who want to promote LTC, looks after LoafWallet’s maintenance.
LoafWallet is an open-sourced HD wallet which allows you to restore your funds by using a 12-word backup seed key.
It also has an inbuilt feature which allows its users to purchase LTC via Coinbase and store them on Loaf Wallet.
Loaf’s iOS mobile version is available for free on the Apple App Store!
Update: The Android version of Loaf is available now. Download here.
6. Litecoin Core (Desktop Wallet)
Litecoin Core is the official Litecoin wallet available on their website.
It is a free to use desktop wallet. This means that if you start using it, your desktop will become your LTC wallet, and your private keys will be stored there on the desktop.
And remember that core wallets sync with the entire blockchain, so this could take a significant amount time (up to several days).
It is now available for Windows, Mac, and Linux.
7. Electrum-LTC (Desktop Wallet)
If you want to avoid the heavy weight lifting of the Litecoin Core wallet, then switch to a lightweight wallet.
Electrum-LTC is a lightweight Litecoin desktop wallet which doesn’t require you to download the entire blockchain or wait for synchronization.
It is a deterministic wallet providing its users ease of mind and security with a 12- word security seed key. It is SegWit-enabled, and it provides an extra feature of “freezing” an address (meaning you can no longer send funds from that address).
It is now available for Windows, Mac OS X, and Linux.
8. Liteaddress (Paper Wallet for Litecoin)
If you are comfortable using paper wallets, you can do so by using liteaddress.org. You can go this website and create your pair of private/public keys and keep them on paper in an offline environment.
It is the cheapest and most secure alternative to hardware wallets. But this can be tricky and a little bit risky if you don’t know how to properly handle a paper wallet.
If you don’t know how to make a paper wallet, see our guide on how to make a Bitcoin paper wallet. Though this guide is for making a Bitcoin paper wallet, it will still help you make a paper wallet for Litecoin (it’s the same process).
8 Best Litecoin Wallets
Litecoin is almost 6 years old in the crypto world. It initially had a slow growth, but after Charlie Lee’s return as a full developer, and also SegWit activation, Litecoin has had quite a good price rally.
I am sure many users will be on the lookout for more wallet options for LTC, but as the technology matures, more choices will be available for each type of user.
So until then, keep an eye on CoinSutra as I will be adding more to this list.
I would love to hear your experience on using any of these wallets. If you know of some more excellent LTC wallets, do share and let me know your thoughts in the comments below!
And if you find this post useful, do share it with your friends on Facebook & Twitter!
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