Litecoin is one of the most popular cryptocurrencies. One of the major differences between LTC and BTC is the Proof-of-Work algorithm. Litecoin uses Scrypt and Bitcoin uses SHA-256.
Let’s look into the best wallets for Litecoin.
Ledger Hardware Wallets
Hardware wallets are the most secure option for managing Litecoin. Ledger hardware wallets do not disappoint. They have two main models available.
The Ledger Nano S is the bread and butter of Ledger. Its sleek design and LED screen add to the appeal of this wallet. Two buttons are on the side of this device for usability.
The Ledger Nano X is the newest hardware wallet released by Ledger. Users can interact with their funds via smartphone. This device uses Bluetooth and gives this wireless device the advantage of convenience.
Ledger hardware wallets support many different cryptocurrencies, making this one of the best options. The main downside is the fact that it isn’t free.
Trezor Hardware Wallets
Trezor created the first Bitcoin hardware wallet. Their hardware wallets now support multiple cryptocurrencies, including Litecoin.
To read more about Trezor and Ledger, check out our post on Hardware Wallets.
Other hardware wallets that support Litecoin are CoolWalletS, Opendime, ELLIPAL, and BitBox.
This wallet is intended for Spanish speakers.
The user interface is easy to understand, making it great for beginners. Monedero provides a smooth experience and offers responsive customer support.
Monedero supports 100+ crypto assets and users can trade crypto in-app. The team behind Monedero has been creating software for crypto since 2015.
Atomic is available as a desktop and mobile wallet, supported on Mac, Windows, Ubuntu, Fedora, and Debian.
It’s open-source and supports over 300 crypto assets. Users can trade cryptocurrency without leaving the Atomic Wallet application. Atomic Wallet also allows users to purchase LTC with a credit card.
Guarda is another well-known option. You can use Guarda as a mobile wallet, desktop wallet, or Chrome extension. Guarda has support for “40+ chains & 10k tokens.”
This wallet also has fiat on-ramping, so users can buy crypto with Visa, Mastercard, or bank transfer. Guarda is easy to navigate for beginners.
Jaxx is available as a mobile wallet (iOS/Android), browser extension (Chrome/Firefox) and as a desktop wallet (MAC OSX, Linux, and Windows).
Users can also swap between different cryptocurrencies seamlessly.
Litecoin Core is the official full node implementation of Litecoin. This gives you the full range of the Litecoin experience. The user interface may be difficult for beginners to understand.
Since this is a full client wallet, you won’t have to rely on the node of a wallet service. You have your own. No remote servers!
Running a full node also has its drawbacks. Your wallet will take time to synchronize and will eat up a bit of storage.
This wallet isn’t recommended for casual users.
This is sometimes used as a sort of lightweight substitute for Litecoin Core. It is also a fork of the Electrum Bitcoin wallet. This wallet is mentioned on the official Litecoin website.
Exodus is another multi-coin wallet available for mobile and desktop download. You can manage 100+ cryptocurrencies with their apps.
They have been in operation since 2016 and have built a reputation for their customer support. Users can also trade cryptocurrency with the Exodus wallet.
Exodus is supported on Linux, Windows, MAC, Android, and iOS.
Loaf wallet was developed by Charlie Lee himself, the creator of Litecoin. It was originally available only for iOS but the Litecoin Foundation forked the code and released it for Android. This app also allows you to buy LTC in-app via Coinbase.
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