Best Litecoin Wallets

Last Updated on

Litecoin is one of the oldest cryptocurrencies in the world, and it’s still one of the most popular. Forked from Bitcoin in 2011, Litecoin has served as an experimental cryptocurrency, incorporating new technology variations on the original Bitcoin formula. Litecoin has millions of users around the world, and is a valuable cryptocurrency in its own right.

Like all cryptocurrencies, Litecoin must be stored in a digital wallet in order to be accessible to its owners. Litecoin wallets are pieces of software that make Litecoin ownership easy. There are many Litecoin wallet options, for computers, mobile devices, and even within special hardware products made just for this purpose. By the end of this guide, you’ll be able to select, download, and use any of the best Litecoin wallets available in today’s market. Before you do create a Litecoin wallet though, you may want to find out more about the Litecoin price predictions for the near future to see if you think it is worth it.

Quick Search Box

 Quick Guide: Create a Litecoin Wallet in 5 Minutes

 

  • Click on “Deposit”, select from the payment options
  • Select an amount to deposit ($250 recommended)
  • Once the Payment has been processed, click “Overview”
  • Press the “Buy” button near the Litecoin Market and  “Open Trade”
  • Use your credentials to log into your account
  • You will have Litecoin in your “Portfolio” now

Visit IQ Option

Compare
You can find out more and compare the different wallet providers in our list below. If you want to learn more about How to buy Litecoin and other cryptocurrencies, we recommend this guide.
What is a Litecoin/Crypto Wallet?

What is a Litecoin/Crypto Wallet?

Because it’s a digital product, Litecoin must be stored using special software. These storage apps are nicknamed “Litecoin Wallets”, because they store this digital cash just like a leather wallet stores your physical currency notes. Litecoin wallets keep your LTC safe, and let you access, send, receive, and store your LTC for any amount of time.

Each Litecoin owner uses a piece of software to keep track of their Litecoin and cryptocurrencies. You can use your Litecoin/Crypto Wallet to:

  • Send Cryptocurrencies
  • Receive Cryptocurrencies
  • Trade Cryptocurrencies
  • Spend Cryptocurrencies
  • Withdraw Cryptocurrencies

Every cryptocurrency has its own blockchain and wallet products. You can’t use your LTC/crypto wallet to:

  • Send LTC to a non-LTC address
  • Share your personal data with 3rd parties
  • Use fiat currency like USD (only Bitcoin ATM)

Litecoin wallets tie specific Litecoins to specific owners. Litecoin ownership is attributed using “Private Keys”, which are transferred with specific Litecoins anytime they are bought or sold. Litecoin wallets manage your Private Keys, so you can always use your Litecoin without every having to think about your Keys.

A Litecoin wallet will show you how much Litecoin you have, as well as your Litecoin transaction history. Your Litecoin wallet will show your Litecoin address, to which you can send more Litecoin. You can send Litecoin from your Litecoin wallet, and store Litecoin indefinitely within it as well.

Litecoin wallets are digital applications. Some of them are made for computers, others for phones, while still others are operated from websites. Wallets can also be built into hardware devices used exclusively for this purpose.

Bitcoin wallets can live on your phone or computer, for everyday use of your personal funds. They can also exist in specialized hardware devices, safely disconnected from the internet.

In general, Litecoin wallets that are not connected to the internet are the safest, because these can’t be hacked by internet fraudsters.

Best Litecoin and Crypto Wallet Providers

IQ Option

IQ Option works under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC). Additionally, it makes use of advanced security protocols and adheres to industry standard encryption techniques.

When you register an account on the site, the system automatically creates a wallet known as My Wallet. Any funds you buy will be stored here, but you can transfer them to any other wallet.

Buying Litecoin from IQ Option is pretty straightforward. Here are the steps you need to follow:

Step 1 – Select the Amount

Start by entering the amount of fiat you want to spend, and you will get to see the Litecoin equivalent you can get based on prevailing market rates.

Step 2 – Account Registration

Next, register your account on the platform by entering your email address and a password. To simplify the process, you can use your Google or Facebook account details for the signup.

Regardless of the procedure you use, creating an account will mean you can now make purchases and store funds safely with the licensed broker. It also means you can use your new wallet to buy and sell crypto as well as make deposits and withdrawals with ease.

Additionally, having an account gives you access to the trading app which you can access as a standalone, on a desktop or on mobile.

Step 3 – Buy Litecoin

Now that your account is functional, you need to enter card details to complete the transaction.

For existing account holders, the process is much simpler. Simply head over to the My Wallet page, select Litecoin and enter the amount you want to spend. You will see the amount this gets you in LTC and you can then click on your fiat balance to complete the purchase.

Remember to activate two-factor authentication to secure your wallet. It will mean that before any login, you will get a code on your phone to act as a second layer of protection.

Visit IQ Option

Binance

Binance is a massive cryptocurrency exchange that sells almost all popular cryptocurrencies and altcoins. Litecoin is one of the most-traded coins on this international exchange. You can buy Litecoin other places, but you might as well try Binance as it’s one of the most fully featured exchanges, has never had a major hacking incident, and is intuitive for users all around the globe.

 

Step 1 – Create Your Binance Account.

Register a new account at Binance.com. To begin this process, submit your email address and a new password for the site.

Go to the email Binance sends you and click the link inside.

Once you return to the Binance site, you’ll need to give a little more info before all site functionality is unlocked. Then you’ll be able to fund your account with Bitcoin to trade with Litecoin.

Note: You can’t buy Litecoin with fiat money on Binance.

Step 2 – Go to “Funds” > “Balances”

Binance has a bunch of wallets for you to use, one for every cryptocurrency it’s possible to buy and store on the site.

Coins will appear in these wallets after you buy them.

You can also send crypto to any wallet in your account, by clicking “deposit” by the wallet you want to use. You’ll see the wallet address once you make this selection. Only send crypto to a wallet made to store that type of coin, i.e. Litecoin to a Litecoin wallet address.

Visit Binance

Coinbase

Many Litecoin investors buy their first LTC at Coinbase. Coinbase accepts fiat payments through bank transfers, debit cards, and credit cards. Making a Coinbase account is no more complicated than opening a Facebook account. Here’s how to do it yourself.

Step 1: Create Your Coinbase Account.

Sign up for an Individual account on Coinbase.com.

Provide your full name, your email address, and a new password for this account.

Go to your email and click the link within the confirmation email just sent to you by Coinbase. This will lead you into your new Coinbase account.

 

Step 2: Find Your Litecoin Wallet.

Click on “wallets” and you’ll see your Litecoin wallet among the other Coinbase wallets.

Select it to see an options screen like the one on the right. .

Any Litecoin you buy on Coinbase will be stored here. You can also send Litecoin to this address. For more security, send Litecoin to an address stored on your personal device. Exchange wallets are not for long term storage.

Visit Coinbase

Exodus Wallet

Exodus wallet is a simple but powerful cryptocurrency wallet that works with all kinds of altcoins, Litecoin included. Exodus only works for desktop computers. Think of it like a simple locked box you might use for keeping valuables in your home. Litecoin will be right at home with Exodus, and you can even trade your Litecoin within the Exodus platform.

Step 1: Download Exodus.

Download the Exodus Wallet made for your operating system at Exodus.io. Install it using the same steps you would for any computer application.

Step 2: Open Your Exodus Litecoin Wallet.

Click the “Wallet” tab on the left of the main Exodus page (like the one pictured above). Click the Litecoin wallet. This will show you your Litecoin balance, as well as your Litecoin address, to which you or others can send more Litecoin. 

Visit Exodus

Infinito Wallet

Infinito Wallet is a multicurrency wallet, meant for easy management of a diverse portfolio of crypto assets. This all-in-one solution doesn’t support everything yet, but does make a good home for Litecoin and a whole bunch of other altcoins.

Step 1: Download Infinito Wallet

Click “Download” on Infinitowallet.io. There are several different files for different devices and operating systems; select the right one for your device. Download the file and install it. Once installation is complete, open the app.

Step 2: Go to the Litecoin Wallet already within Infinito

You should quickly see your Litecoin wallet already active within your Infinito Wallet. It will contain your Litecoin wallet address, to which you can send any amount of Litecoin.

Visit Infinito Wallet

Differences Between Exchange, Hardware and Software Crypto Wallets

Exchange, Hardware, and Software wallets are all used for different purposes. Let’s cover these in detail below.

Exchange Wallets

Exchange wallets provide temporary storage of a cryptocurrency just after you buy it on an exchange. Exchange wallets aren’t meant for long term storage, as they are targets for hackers. But they’re a convenient place to find your crypto just after you buy it.

Here are some good examples of Exchange wallets:

  • Coinbase Wallet
  • Binance Wallet

Hardware Wallets

Hardware wallets are physical products to which you can send your cryptocurrency. Once it has arrived, disconnect the device from the internet. The device will go on holding your crypto offline, where it cannot be hacked or stolen. Even if your hardware wallet is lost, you can buy a new one and input a code you received when you set up your first device. This will make all of our cryptocurrencies reappear on the new device.

Here are some good examples of Hardware wallets:

  • Ledger Nano S
  • Trezor
  • Bitcoin Paper Wallet

Software Wallets

Software wallets are applications that you download to your device. They can also be run by websites, which will allow you to access your cryptocurrency anywhere in the world you can access the internet.

Software wallets are not the most secure crypto wallet solution, but they are very convenient to use for trading and spending cryptocurrency, because they’re always connected to the internet.

Here are some good examples of Software wallets:

  • Exodus Wallet
  • Jaxx Wallet
  • Bitcoin Core

Best Litecoin Wallet on Mobile

AppleTab titleApple x Android

Best Litecoin Wallet Apple

The Coinbase Wallet is the best Litecoin wallet solution available on Apple. Not only can Apple users store Litecoin as with any other wallet, they’ll be able to integrate with Coinbase’s other apps and crypto investment services. 

Best Litecoin Wallet Android

For Android users, Jaxx and Coinbase Wallet are probably the best Litecoin wallets available for the operating system.

With Jaxx, you’ve got a fully featured multicurrency wallet that’ll even allow you to trade Litecoin and other cryptocurrencies.

With Coinbase Wallet, you’ve got the ability to safely store and buy Litecoin, with integration with other cryptocurrency products and services.

There are any other Litecoin wallets for mobile devices. You can find the main differences in Litecoin/Crypto Applications below:

Apple

  • Only works with applications made for its own software
  • Most Cryptocurrency apps and wallets are instantly banned on the Apple store due to violations of T&C
  • All app publishers need to be identified and cannot be anonymous

Android

  • You can run any application on Android
  • You will find any app on the Play store, even the ones that are scams
  • You can run crypto mining applications and scripts on your device

There are many dozens of crypto wallets that support Litecoin. Many of these wallets are perfectly fine, but we’ve tried to highlight the most feature-rich, intuitive, and secure options available for our readers.

If you want to consider a Litecoin wallet that we haven’t covered here, make sure to choose a solution with verifiable high security standards, an intuitive user interface, and happy users who express unbiased reviews on third party forums.

Use your Litecoin wallets wisely and you’ll be able to use this super-convenient digital currency, as well as store it for the long term investment we all believe it to be.

More Cryptocurrency Wallets

  • Broker
  • Rating
  • Properties
  • Trade
1
 
80.6% of CFD retail accounts lose money
  • Top-rated crypto broker
  • $10 Min Deposit
  • Fantastic platform

FAQs

Can I store all my cryptocurrencies in the same wallet?

Some cryptocurrency wallets support dozens of altcoins. These multicurrency wallets can support Litecoin and just about any other crypto in your porfolio, as long as it’s not too new or obscure. There are also wallets built for one cryptocurrency in particular. This is fine too, as they may have features that only pertain to this altcoin. Having dozens of individual wallets can be very inconvenient, though, so a solid multicurrency will find a home with any cryptocurrency investor.

Can I send Litecoin to a Ripple or Ethereum wallet address?

Definitely DO NOT do that. Litecoin should only be sent to a Litecoin address. If you send Litecoin to an Ethereum address (or any other non-Litecoin address), you’ll probably lose your Litecoin forever.

What is the best Way to keep my Cryptocurrencies safely stored?

Cryptocurrencies like Litecoin can be safely stored in “cold storage” wallet options, like hardware and paper wallets. These are ways of storing your Private Keys offline, where they can’t be observed or stolen by hackers. Cold Storage is perfect for large balances of cryptocurrencies like Litecoin, and/or those balances which you plan to store for months or years to come.

Can I convert Litecoin to FIAT currency on my wallet?

Certain wallets like the ones and Coinbase provide allow users to buy Litecoin with fiat currencies like US Dollars. It takes a lot of regulatory oversight for a crypto wallet to accept fiat, though, so there aren’t many of these options.

Can I link my credit card to my Litecoin wallet?

Again, options like Coinbase are few but do accept fiat currency payment options like credit card. Fortunately, more wallet solutions that accept fiat are entering the space every day.

Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

About John

John Iadeluca is the founder of the Wall Street hedge fund Banz Capital. He's a blockchain developer, quant, and consultant that specializes in the digital asset sector.

23 thoughts on “Best Litecoin Wallets

    1. Hello Mario. Thank you for your question. Most of these exchanges we recommend are allowed to operate in Italy so you can pretty much choose whichever one you want. We probably recommend Coinbase the most. It is probably the best platform to create an Litecoin wallet on because when it comes to ease of use, safety, special features, asset variety, availability of payment methods and low fees, Coinbase is really hard to beat. You can find out everything you need to know about it on our Coinbase review.

  1. I am not entirely sure I understand the difference between software and hardware wallets. Which one should I choose if I wanted to create a Litecoin wallet?

    1. Hello Michael. Thank you for your question. The most important thing to keep in mind about the difference between software and hardware wallets is that software wallets are accessed online whereas hardware wallets are offline. That’s why for long term storage we suggest creating hardware or paper wallets. The fact that they are offline wallets basically makes it impossible for hackers to get a hold of the private keys. As for software wallets, even though they do adopt security measures to prevent that from happening, they are still targets of hacking attacks. I hope that helps.

  2. I’ve been meaning to create a wallet to store Litecoin on Coinbase but I am not really good with these kinds of things. Could someone please walk me through the sign up process?

    1. Hello Arthur. Thank you for your question. The sign up process on Coinbase is quite simple so there is no need to worry about it. All you have to do is go on the Coinbase website and click on “CREATE ACCOUNT”, which is normally on the right side of the page. You will have to type in a few personal details such as email address, full name, phone number and password to be able to proceed. You will then be required to verify your identity by providing the appropriate documentation, which includes a copy of your passport. It will only take a couple of days for them to confirm that your identity has been verified. After that, you will be required to make your first deposit and then you’ll be able to go on the trading platform and buy Litecoin, which you can store in your wallet once you download it.

    1. Hello Sofie. Thank you for your question. Yes, you can definitely do that but not on all platforms. There are only two of them that allow you to pay for Bitcoin with your credit card and they are Coinbase and eToro, so if you consider this to be a requirement when choosing your platform, then you should definitely go for one of the two. We recommend Coinbase, but you can make a more informed choice by visiting both our Coinbase review to find out more about it.

    1. Hello Jason. Thank you for your question. One of the main reasons why we are convinced of the fact that Coinbase is the best platform to store Litecoin is that it is an exchange regulated and monitored by the most trusted agencies out there. Othere than this, Coinbase offers some of the best and most sophisticated features you can find, such as a particularly user-friendly interface, great asset variety, but most importantly, the copy trading option. Coinbase is very safe, and when it comes to payments, such safety is guaranteed by the availability of PayPal. You can find out more about it by checking out our Coinbase review.

    1. Hello jack747. Thank you for your question. Please be aware that you should never do that. Litecoin can only be sent to Litecoin wallet address. If you were to send your Litecoin to an Ethereum or Bitcoin or any other cryptocurrency wallet address that is not Litecoin, there is a good chance that you will lose your Litecoin. I hope that helps.

  3. I was thinking about creating a Litecoin wallet to store my digital coins but I want to buy other currencies other than Litecoin. Would I be able to store them all in the same wallet?

    1. Hello jan93. Thank you for getting in touch with us. There are some cryptocurrency wallets that support a variety of cryptocurrencies. These are called multicurrency wallets and they can support Litecoin as well as other digital coins. Your alternative to this is to create one wallet for each cryptocurrency type you have but that can be inconvenient so we do recommend a multicurrency wallet if you are planning on storing different cryptocurrencies. An example of this kind of wallet is Exodus. We found it to be very efficient and an excellent platform to store all kinds of altcoins. I hope this helps.

  4. Hello. I’ve been meaning to create a Litecoin wallet to store the cryptocurrencies I want to buy, but I am worried about hacking attacks. What would happen to my money if someone hacked the exchange I created a wallet on? And what should I do? Please help!

    1. Hello Judie. Thank you for getting in touch. Hacking attacks are definitely a legitimate concern and you can never be too cautious. In case of a hacking attack, it is very likely that you would lose all your funds stored in the Litecoin wallet. That is why it is very important that you have a look at the legal section or the terms and conditions of the exchange you are interested in opening a Litecoin wallet on to see if they have a refund policy in case of hacking attacks. Alternatively, you can contact customer support telling them that you are considering creating a Litecoin wallet on their platform and that you wanted to ask whether or not they had a refund policy.

  5. I am thinking about buying Litecoin and storing them in a wallet but I am not sure which one to choose. I’ve heard some great things about the Exodus Wallet, but what is so great about it?

    1. Hello Amber79, thank you for your question. The Exodus Wallet is definitely among our list of recommended wallets to store Litecoin. Exodus is a desktop wallet that you will be able to use on your computer. The great thing about it is that it works really well with Litecoin but also with all other kinds of altcoins so you can definitely store in it other digital coins. Apart from that, Exodus is very intuitive and easy to use and you can also trade your Litecoins via the Exodus trading platform. Hope that helps. Good luck with your decision.

    1. The best one if you are in New Zealand is probably Binance. The exchange currently sells most of the popular cryptocurrencies and Litecoin is definitely one of them. The platform is really intuitive and easy to use and was never involved in hacking incidents. If you want to know more about it, we suggest having a look at our full review of the exchange. I am sure that will answer any other questions you might have.

  6. I am thinking about disconnecting my wallet from the Internet. Of course, I would do it because of the safety. In your opinion, what would be the best choice?

    1. Hello Jessy, keeping your wallet online all the time might compromise the security of your digital assets at some point. So, yes, taking your wallet off the internet while it is not being used would be a wise decision.

Leave a Reply

Your email address will not be published. Required fields are marked *