One downside that has continually been pointed out is the lack of support for 2-factor authentication. As a desktop wallet it can be installed on any Windows or Linux PC and any OSX machine as well. While software based Litecoin wallets are free, the Nano comes with a $79 price tag. If you value security that shouldn’t be enough to prevent you from getting your own Ledger. There are a number of things that you need to consider when you are choosing a Litecoin wallet.
And you never have to worry if something goes wrong since you can always restore the wallet with the 12-word backup seed phrase. Jaxx supports over 85 different cryptocurrencies, and built-in ShapeShift integration lets you switch between cryptocurrencies https://www.tokenexus.com/ on the fly, right in your wallet. It’s strength is that it was designed specifically for storing Litecoin by the team that works on Litecoin development. It isn’t necessarily the easiest user interface, but it does what its meant to do extremely well.
How to make a paper wallet for cryptocurrency?
These include factors such as security, support, ease of use segregated witness (SegWit) support. Of course, there will sometimes have to be a trade-off as emphasis on one factor will require a compromise on the other. I’ve researched your choices to give you a short-list of the best Litecoin wallets. I’ve included hardware, desktop and other wallet types so you can make the best decision to meet your own needs. Litecoin (LTC) is currently ranked as number seven global cryptocurrency in terms of market capitalization (according to coinmarketcap).
- It stores your private keys in a secure hardware element, ensuring they never leave the device, making it highly resistant to online threats.
- Anytime you want to send LTC into this paper wallet, scan the QR code of the LTC address .
- With Atomic, your Litecoin wallet is protected if you keep your seed phrase, or private key, in a safe and secure place.
- A paper wallet is just a piece of paper with your private and public keys written on it to access your wallet.
- That being said, you may want to make one for fun, out of curiosity, or as a gift.
- Analog cold storage wallets besides paper wallets have been created, including “physical bitcoins” such as Casascius Coins.
The best Litecoin wallet varies with your needs, which is unique from one person to another. We recommend focusing on security, ease of use, and compatibility with other cryptocurrencies when looking for Litecoin wallets. Users will expect more advanced features than a simple one-time solution to store a single currency as the cryptocurrency industry develops. Cons 👍Atomic Wallet may not be compatible with a wide range of hardware wallets, potentially limiting options for enhanced security.
Best Litecoin (LTC) Hardware Wallets
We urge all Atomic Wallet’ customers to familiarize themselves with the terms and conditions of third-party virtual asset service providers before engagement into a business relationship. Atomic Wallet’ litecoin paper wallet customers balance and actual transaction history are supported by each cryptocurrency blockchain explorer. Atomic Wallet does not collect or store any private keys, backup phrases or passwords.
This step is essential for maintaining accurate records and ensuring the security of your cryptocurrency holdings. Verifying the funds in your paper wallet provides peace of mind and confirms that your Litecoin has been securely deposited. It is essential to regularly check the balance or review the transaction history if you make subsequent deposits to your paper wallet. By obtaining Litecoin through trusted sources, you can ensure that the funds you receive are legitimate and ready to be sent to your Litecoin paper wallet.
What Is Litecoin
However, knowing that you cannot recover your cryptocurrencies once you lose your paper wallet is essential. Once your Litecoin address is generated, select the option to print the paper wallet. Use a secure printer and make sure that no unauthorized individuals have access to the printed copy.
- And that’s because a paper wallet is more secure than a hot wallet – as long as you take care of your private key.
- Remember to keep the private key confidential, regularly check for any damage, and have a backup plan in case of emergencies.
- A cryptocurrency paper wallet is a piece of paper with a public/private/QR code printed on it.
- Understanding whether the Litecoin paper wallet generator is genuine or not is pretty hard.
- By obtaining Litecoin through trusted sources, you can ensure that the funds you receive are legitimate and ready to be sent to your Litecoin paper wallet.
- Find a trusted and secure environment for generating your paper wallet.
- If your private key validates, then you may be reassured that you will able to retrieve any funds sent to that wallet.
Check out our article “What is a LTC Wallet” on how you can do that. To duplicate or BIP38-encrypt any paper wallet, just validate its private key and click the “Use these details to print a paper wallet” button. The advantage with BIP38 is that if your paper wallet is stolen or compromised, the private key cannot be recovered without your password. However, if you encrypt your private key with BIP38 and you lose your password, it will be impossible for you to recover the funds you have sent to this wallet. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities.
You’ll find it easy to setup, and it gives you a straightforward way to manage your Litecoin holdings. If you are to use a wallet that is not listed, then you should make sure that it is well known in the community and that they have all the correct security protocols. With that being said, let’s jump in with the most secure wallet options… When using this LTC web wallet, users do not need to download the complete Litecoin blockchain, thereby reducing the time of a full set up of a wallet (currently takes less than 10 minutes). According to the name, LiteVault aims at bringing the safety of a vault and the efficiency of an online digital wallet. LTC Freewallet doesn’t require you to make a backup or synchronize the blockchain with the wallet – the team of Freewallet has already taken care of it.