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.
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.
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 specialised 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.
Compare Litecoin and Crypto Wallets
Best Litecoin and Crypto Wallet Providers
eToro is a multifaceted crypto brokerage option Their CFD trading services predate Bitcoin, and have long been regulated by the FCA, CySec, and other international bodies. Now eToro offers their eToro Blockchain Wallet, which allows users to move beyond simple CFD, and trade real cryptocurrencies, which can be transacted within and without the eToro product ecosystem.
Follow the steps below, and you’ll be trading Litecoin with the eToro Wallet in minutes.
Step 1: Registration
eToro’s Blockchain wallet is totally free to use. Just go to the eToro website and click “Sign Up”.
Fill out the simple info form that appears. Submit the information and your account will be created.
To save time, you can also simply connect your Facebook or Google account without the need for other information.
eToro is required by regulatory bodies like the SEC to comply with KYC and AML laws.
This means that users will have to upload an image of their Driver’s License, government ID, or passport.
This step is only necessary if you want to be able to sell crypto through the eToro Wallet app. If you simply want to buy Litecoin with eToro, you can skip this step.
Step 3: Fund Your eToro Wallet and Buy Litecoin.
Use your bank account or credit card to fund your account, then initiate a trade to buy Litecoin.
You’ll have plenty of payment methods to choose from, including PayPal, Neteller, and Skrill.
Invest a small amount to begin, while still hitting the site minimum. We recommend $250 for new users.
Step 4: Buying Litecoin
Your buy order can be started once your eToro account is funded.
Search for Litecoin using the bar at the top of the page. This will bring up the LTC to USD trading pairs.
Click “Buy”, then “Open Trade” beside the Litecoin trading pair of your choosing.
Step 5: Holding LTC
With a funded account, you can begin to use the eToro Wallet for Litecoin purchases.
Download the wallet and open it. You can now buy Litecoin and store it within the eToro Wallet. You’re now ready to send, receive, or store Litecoin anyway you like!
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.
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.
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.
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.
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.
Best Litecoin Wallets in Your Country
eToro is the best Litecoin wallet solution in the UK, now that the eToro Blockchain Wallet is available.
eToro used to only offer CFD trading options for Litecoin, which was useful for a certain kind of investor, but the Wallet functionality fills out eToro’s Litecoin services.
Here, eToro users can trade Litecoin alongside other top tier cryptocurrencies, like Litecoin, Bitcoin and Ethereum.
eToro has been regulated since before the time of Bitcoin, so this is a deeply trusted Litecoin wallet source.
eToro is also available in the United States and Canada, and the eToro Wallet is just as perfect for Litecoin investors here as it is for those in the United Kingdom.
Coinbase is also an excellent place for North American investors to buy Litecoin. This market will also find Binance to be a quality Litecoin source, with dozens of other altcoins to choose from as well.
Binance is probably the best wallet solution for Australians and New Zealanders.
We wouldn’t recommend the Binance Litecoin wallet for long term storage, but the ability to trade Litecoin makes this a more versatile option than most other Litecoin wallets can provide.
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.
Best Litecoin Wallet on Mobile
Best Litecoin Wallet Apple
The eToro 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 eToro’s other apps and crypto investment services.
Best Litecoin Wallet Android
For Android users, Jaxx and eToro 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 eToro Wallet, you’ve got the ability to safely store and buy Litecoin, with integration with other eToro cryptocurrency products and services.
There are any other Litecoin wallets for mobile devices. You can find the main differences in Litecoin/Crypto Applications below:
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.
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.
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.
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.
Certain wallets like the ones eToro 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.
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.