Top 7 Best Litecoin (LTC) Wallets in 2021

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 2021.

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.

Our List of Wallets

Here are the best LTC wallets detailing their features and advantages.

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.

How do I open a Litecoin account?

Simply download the CryptoWallet app to get started! You can open multiple wallets for different currencies.

How do I fund my Litecoin wallet?

You can fund your wallet by sending LTC to the wallet, or by using the CryptoWallet 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.

Is it good to buy Litecoin?

Whether you want to invest in a particular cryptocurrency is up to you. We’ve put together a list on how to best store your Litecoin, but the decision on investment is ultimately yours!

Litecoin Wallet App

Start by downloading our Litecoin wallet app and filling in your details.

We offer a Litecoin wallet for iOS as well as an Android Litecoin wallet, so you can use our services with almost any mobile device. You can even use the CW debit card to spend Litecoin online or in stores!

With CryptoWallet, you can make Litecoin transactions to other crypto-holders, or connect to your crypto debit card to spend Litecoin as real money in stores.

Opening a wallet with CryptoWallet is easy — download it and try it out!
Litecoin Wallet App