Top 7 Best Litecoin (LTC) Wallets in 2022
Litecoin is an increasingly popular choice in the growing cryptocurrencies industry, and safe storage is an absolute must. These days, as innovation continues to make breakthroughs in the crypto industry, there’s no excuse for using sub-par wallets. We’ve made a list of wallets that are safe, reputable, and effective to make your choice an easy one! Read on for a full review of the best Litecoin wallets you can use to store funds in 2022.
What is the Best LTC Wallet?
When storing your LTC, it’s important to choose one of the leading wallets available. We rated each wallet listed below based on its ease of use, price, and relevant features. Let’s take a look at the different types of wallets on offer.
Related: Best Bitcoin Wallets
What is Litecoin?
Litecoin was launched in 2011 as an alternative to Bitcoin by its creator Charlie Lee. Based on Bitcoin’s code, Litecoin has faster block times and a higher supply than BTC, meaning units of the currency are minted more often and in greater quantities. This allows for faster transaction times, making it one of the most popular cryptocurrencies to buy and trade.
What to Look For in a Litecoin Wallet?
When considering Litecoin wallets, we recommend focusing on security, ease of use, and compatibility with other cryptocurrencies. Wallets that offer two-factor authentication are more secure, as requiring authentication from a second user device reduces the risk of remote hackers to access your cryptocurrency holdings.
A user-friendly interface is always a plus, as is support for fiat currency like the euro.
As the cryptocurrency industry evolves, users are coming to expect more advanced features than a simple one-use solution to store a single currency. Modern types of wallets can contain a host of added features.
We’ve included popular hardware wallets, desktop software wallets, and options with extra security features.
How to Get a Litecoin Wallet
Wondering how to create your own Litecoin wallet? There are many options available for you to consider.
One of the easiest ways is to use the CryptoWallet.com platform. After completing registration you have the option of storing hundreds of cryptocurrencies like Litecoin (LTC) as well as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Ripple (XRP) wallets.
CryptoWallet.com makes the process of setting up a Litecoin (or any other supported cryptocurrency) wallet simple and easy.
Best of all, CryptoWallet.com offers an upcoming crypto card which allows you to spend your Litecoin and 800 other supported cryptocurrencies directly from your wallet, anywhere that accepts regular card payments. You’ll also earn cashback in our native SPEND token!
Our List of Wallets
1 CryptoWallet.com #1 Recommended
- Type of wallet: Mobile
- Purchase cost: Free
- Own exchange incorporated: Yes
- Ease of Use: Very easy
Pros (What We Like)
This wallet is an all-in-one solution that allows you to store, trade, and even spend Litecoin. You can order a crypto card to connect your LTC funds and spend them in stores or online, as well as pay bills in digital currency or make bank transfers using a custom IBAN.
The secure wallet comes with an exchange that lets you buy and sell hundreds of cryptos including Litecoin, Bitcoin, Ripple, Ethereum, and Tether, and all of these high-cap currencies are stored in connected wallets in the platform.
The wallet also supports the EUR and GBP fiat currencies, and users can buy crypto with fiat cash.
You can even earn money by signing up more users! Join the whitelist for our card here.
Cons (What We Don’t Like)
The CryptoWallet.com exchange wallet is custodial, meaning users don’t have sole control the “keys” or passwords related to their wallet. Some users prefer to have wallets that have no access to user keys. However, sole control is only offered in wallets with no customer support, no IBAN, and no cryptocurrency wallet card connected.
2 Ledger Nano X
Ledger’s Nano X is a hardware multi-coin crypto wallet that supports LTC among a host of other cryptos. Ledger also offers the Nano S and other Ledger options, all of which are multicurrency wallets.
- Type of wallet: Hardware
- Purchase cost: £109
- Own exchange incorporated: No
- Ease of Use: Advanced
Pros (What We Like)
As with all hardware wallets, the Ledger Nano X has a firm focus on security. You can interface these kinds of wallets with your computer, once you’ve set up the necessary software, and from there start sending and receiving funds.
Because the Ledger uses offline storage, these wallets are very difficult to hack remotely. It also offers 2-factor authentication when crypto holdings are being used online.
Cons (What We Don’t Like)
Hardware wallets are the most expensive option. The interface and setup process is a little bit more difficult to use than most options, and not suitable for fast trading.
If you’re trying to capitalize on a sudden change in the market, you may find that hardware wallets are too slow, as it takes time to plug the device in, access the funds, and initiate a transfer.
If you lose the Ledger device and the backup password, there’s no way of recovering your funds at the time of writing.
3 Trezor Model T
Trezor is another hardware wallet that stores funds offline on a USB flash drive.
- Type of wallet: Hardware
- Purchase cost: £169
- Own exchange incorporated: No
- Ease of Use: Advanced
Pros (What We Like)
The Trezor wallet offers an added level of security and protection by storing crypto assets offline in “cold storage,” one of the main features of hardware wallets compared to “hot wallets” or online crypto wallets. Thousands of cryptocurrencies are supported.
These wallets support thousands of cryptocurrencies. Unlike offline paper wallets, online wallets connect funds directly to your computer. While the Model T is pricey, the company has cheaper options on the market too.
Cons (What We Don’t Like)
These wallets are not suitable for quick or easy trading on exchanges, as it may take time to access and transfer funds. You can’t spend funds on real-world goods or services with hardware wallets.
If you lose or damage the device, you’ll need the seed phrase key stored safely. Again, some users find the interface offered by this company complicated.
4 Exodus
Exodus is a versatile software wallet and exchange platform for cryptocurrencies.
- Type of wallet: Desktop, mobile
- Purchase cost: Free
- Own exchange incorporated: Yes
- Ease of use: Easy
Pros (What We Like)
Exodus offers customers a wide variety of cryptocurrency wallets they can open, as well as customer support and crypto trading through a connected exchange.
Cons (What We Don’t Like)
There are no security features such as 2FA in place, creating a potential vulnerability. Users cannot store fiat currencies like pounds or euros in wallets like Exodus, nor can they spend crypto on real products using the app.
5 Guarda
Guarda is a multi-currency wallet that supports Litecoin on many platforms.
- Type of wallet: Web, mobile, desktop
- Purchase cost: Free
- Own exchange incorporated: Yes
- Ease of use: Easy
Pros (What We Like)
Guarda allows users to store funds on desktop, mobile, and on web browsers. The wide variety of options will appeal to some traders. While Guarda is non-custodial, it still offers customer support in the event of an issue or lost funds. You can create multiple user wallets for different currencies.
Cons (What We Don’t Like)
This solution is still a basic storage-only app, with no added features such as a debit card, bank account number, or affiliate program. This is an older-style wallet type compared to some more modern solutions.
6 Electrum Litecoin
Electrum Litecoin is a wallet available on many desktop platforms, for the storage of Litecoin only.
- Type of wallet: Desktop
- Purchase cost: Free
- Own exchange incorporated: No
- Ease of Use: Intermediate
Pros (What We Like)
The wallet is available in a wide variety of desktop formats, including Windows, Linux, and MacOS. This appeals to desktop users looking to store funds on computer wallets.
Cons (What We Don’t Like)
Electrum supports Litecoin, and the setup for this wallet type is a little more advanced and time-consuming than most wallets. There are no trading services, no customer support, and no added features, making this a basic option for Litecoin storage.
Most users may prefer wallets that come with added features these days. Mobile wallets allow for easy trading on the go, unlike more basic desktop wallets or paper wallets.
7 Atomic Wallet
Atomic Wallet is a widely used wallet that supports multiple cryptocurrencies.
- Type of wallet: Desktop wallet, mobile
- Purchase cost: Free
- Own exchange incorporated: Yes (atomic swaps)
- Ease of use: Easy
Pros (What We Like)
Users can store hundreds of different digital assets on Atomic wallet, and also carry out atomic swaps for select currencies (a form of crypto trading). The app is supported on mobile devices.
Cons (What We Don’t Like)
Users can’t spend cryptocurrency on real-life goods or services using Atomic, so it’s still necessary to use the app in conjunction with a bank or something similar for that purpose. Like most non-custodial wallets, there’s no customer support, nor are there security features such as 2FA.
LTC Wallet FAQs
What is a Litecoin address?
A Litecoin address is a piece of software that stores the data you need to access your Litecoin funds.
The address is comprised of two pieces of information. These are a “public key,” a series of characters that acts as an account number, and a “private key,” a string of characters used as a password. Addresses are stored in hardware devices as well as online, web, desktop, or paper wallets.
What is the best Litecoin wallet?
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.
CryptoWallet.com is highly recommended. It is user-friendly, and it comes along with an exchange that allows you to buy and sell cryptocurrency. You can even use your crypto debit card to spend cryptocurrency both online and in retail or wholesale stores.
CryptoWallet.com is a regulated and licensed platform for purchasing digital assets.
CryptoWallet.com is also a cryptocurrency exchange, trading platform, and wallet for various high-cap currencies. It provides a comprehensive set of tools and services for cryptocurrency users. All in one place, you can buy cryptocurrency with a debit card and trade with other users.
To top it all, CryptoWallet.com is completely free and is downloadable on mobile. Furthermore, you can earn money through the reward program when you sign a friend or associate up to CryptoWallet.com using your rewards code.
How do I fund my Litecoin wallet?
You can fund your wallet by sending LTC to the wallet, or by using the CryptoWallet.com exchange to buy Litecoin. You can fund the exchange with a bank transfer or debit card. You can also simply buy Litecoin with a debit card.
What crypto wallet app supports LTC?
There are currently many apps that support LTC. Some examples include the CryptoWallet.com platform.
By registering for CryptoWallet.com, you can store your Litecoin. It is highly protected and secure, but it is also more than just a place to store funds. You can get a CryptoWallet.com debit card and use it to spend your cryptocurrency funds both online and in stores!
The Litewallet app is a fork of the Bitcoin wallet breadwallet. It has a very easy-to-use interface and is an excellent choice for beginners. You can keep modest amounts of LTC on your phone. However, since it is a hot wallet, users may prefer to use it for significant sums of litecoin.
Jaxx is an iPhone and iPad multi-currency crypto wallet. It accepts Litecoin and is entirely open source. It is not suitable for significant amounts of litecoin, but it is an excellent choice for day-to-day use or receiving payments on the fly.
Is an Atomic Wallet safe?
Yes, Atomic Wallet is a non-custodial decentralized wallet. It comes with a private password, encryption, and a 12-word seed phrase saved on your device, giving you complete control over your assets. Users, as well as their data and transaction history, remain anonymous to the Atomic team.
All data kept on the user’s device or transmitted during a transaction is entirely encrypted. To ensure secure transactions, Atomic Wallet employs both AES and TLS encryption. Data is not saved on servers, and Atomic Wallet does not store or have access to your private keys; thus, your security is entirely in your hands.
Furthermore, while each asset has its private key, the 12-word phrase controls them all. This phrase provides you with continuous access to your assets and is the most critical part of wallet security.
However, if you install the wallet on a computer that has malware or connects to the Internet via unsecured Wi-Fi networks, your funds may still be at risk.
As a bonus point, Atomic wallet is diverse, allowing you to hold hundreds of coins, including almost all major cryptos and all ERC20 tokens. It also allows sending, and receiving of all supported coins, but the trading features available vary by coin
However, unlike CryptoWallet.com, Atomic Wallet does not allow you to spend crypto in stores or online with a crypto debit card. You can download CryptoWallet.com at Google Play or the Apple Store. Try it out!
Litecoin Wallet
Start by registering and filling in your details.
You can use the CryptoWallet card to spend Litecoin online or in stores!
With CryptoWallet.com, you can make Litecoin transactions to other crypto-holders, or connect to your crypto debit card to spend Litecoin as real money.
