Litecoin is just like bitcoin. It is the world’s first altcoin and also an open sourced peer-to-peer digital currency.

 

Litecoin has remained consistently in the Top 5 cryptocurrencies by the market cap. Also proving to be a relatively safe endeavor in contrast to its peers.

 

Many are looking into investing into Litecoin since the massive growth of more than 2000% in the last 6-8 months. With investing, security comes after.

 

 

Coin wallets should at least meet most of these criteria:

 

– User’s full control of private keys

– compatibility across different operating systems and devices

– easy navigation

– backup and restore feature

– should have an active development community

 

 

8 Litecoin Wallets

Ledger Nano S (Hardware Wallet)

 

  • Full control of private keys in an offline environment. Has a built in OLED screen, backup seed key and a pin code feature.
  • Retails at $95.
  • Also supports other currencies. (BTC, ETH/ETC, XRP,DOGE,ZEC,DASH,STRAT,KMD,XMR)

 

 

Trezor  (Hardware Wallet)

 

  • World’s first hardware wallet
  • Built in OLED screen which displays generated nine-digit pin code and 24 word recovery seed.
  • Retails at $99
  • Supports BTC, ETH/ETC, NMC, LTC, DOGE, ZEC, DASH

Exodus (Desktop Wallet)

  • Free
  • Supports Augur, Bitcoin, Dash, Dogecoin, Ethereum, Factom, Golem and Litecoin
  • Interactive interface with an acrive development team.
  • Provides a one-click recovery system and 12 word recovery phrase.
  • Built in ShapeShift converter.
  • Available on Mac, Linux and Windows

 

Jaxx (Mobile and Desktop Wallet)

  • Supports 13 cryptocurrencies. Provides a 12-word backup seed key feature.
  • Full user control of private keys which can be imported and exported when required.
  • Built in Shapeshift converter.
  • Available on iOS mobile/tablet, Chrome and Firefox extensions and MAC/Linux.

 

LoafWallet (Mobile Wallet)

  • World’s first Litecoin wallet, developed by the creator of LiteCoin.
  • Available in iOS and Android.
  • Open-sourced HD wallet with a 12-word backup seed key.
  • Built in coinbase feature which allow users to purchase Litecoin and store them on the LoafWallet.

 

 

Litecoin Core (Desktop Wallet)

  • Free
  • Official Litecoin
  • Private keys will be stored on desktop
  • Available on Windows, Mac and Linux

 

Electrum-LTC (Desktop Wallet)

  • Lightweight wallet
  • Doesn’t require downloading entire blockchain or synchronization
  • Provides a 12-word security seed key.
  • SegWit enabled.
  • Available Windows, Mac OS X andLinux

Liteaddress (Paper wallet for Litecoin)

  • Allows users to create their own pair of public and private keys
  • Cheapest and most secure alternative to hardware wallets.