The world’s first open sourced P2P altcoin, Litecoin, is a safe investment if you want profits in the long term. Whether you want to store Litecoin or get into Litecoin mining, you do need a good Litecoin wallet.
While most crypto wallets differ on some features, every crypto wallet must have the following features –
- It should be secure
- Active wallet community
- Built by a reputed company
- Backup and restoration should be provided
- Ease of use and navigation must be user-friendly
- Compatible with the devices owned by the user
- User should have complete control ove the private keys
Instead of individually checking out all the wallets, here is a list of the 5 best Litecoin wallets.
#1. Ledger Nano S
This USB sized hardware wallet is a favorite among the crypto community. It can store other crypto coins like Bitcoins, Ethereum, ERC tokens among other 30 digital currencies.
Works exactly like a USB device and requires the user to confirm transactions.
Pros:
- Safe
- Multiple apps can run
- Relatively inexpensive
- Not hackable
- Safe from Malware
#2. Trezor
Another hardware Litecoin wallet like Ledger Nano S, Trezor is regarded as the best wallet for storing Litecoin.
Pros:
- Protected by a PIN
- Recovery seed available
- Supports 14 other cryptocurrencies
- Cross-compatibility feature
- Turns off when USB is not connected
#3. Guarda
A multi-currency crypto wallet, Guarda supports all the popular crypto coins and token including LTC, BTC, ETH, ZCash, Ripple, Dash and other altcoins. If you need to perform a ETH to LTC exchange, you do not need to maintain separate wallets to store both coins. Guarda can handle both.
Pros:
- Reliable and safe
- Doesn’t store client information
- Deletes itself when you log out
- No complex registration processe when shifting assets.
#4. Jaxx
Jaxx has a unique value proposition in that it wanst to simplify the blocjain and attract the masses.
Pros:
- Supports 7 different crypto coins
- Complete control over the wallet
- Wallet can be accessed on the desktop and mobile
- Also available as a Chrome extension
- Future support will allow to convert coins within the wallet.
#5. Exodus
This desktop wallet overs support for over 36 crypto currencies.
Pros:
- Lite wallet which means you do not have to store the entire blockchain on your desktop
- Good interface
- Full control over the wallet
There are some other wallets that did not make it to the top 5 but are worth mentioning –
LoafWallet – Created by the founder of LTC, LoafWallet’s maintenance is taken care of LTC. Others include Ethereum LTC, LiteVault, LiteAddress and Litecoin Core.
Depending on your requirements and budget, you can pick a Litecoin wallet that ticks off all the right boxes.
