3 Best Apps to Store Your LTC Coins Safely

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one month ago

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Source: Pixabay

Litecoin has a long history in the crypto industry since it first appeared in 2011. It has made a long way since establishing itself as a lighter version of Bitcoin, built on the same source code. 

Today, it includes features like Segregated Witness that boost network security and transaction privacy. The latest news even shows that we could see Litecoin ETFs soon. Fidelity, the famous institutional investment company, added LTC to its offering of digital assets.

The news increased the currency’s popularity, so now might be the right time to acquire LTC. You will need a reliable Litecoin wallet to store coins after you purchase them. That’s why we gathered the three best options to keep your assets safe!

Litecoin Core

Features

• Supports multiple operating systems
• Create sending and receiving addresses in a click
• Check transaction details
• Safe and secure
• Dedicated Litecoin wallet

Price: Free

Litecoin Core is the official software to manage your LTC assets. Although the developers created it, the code is open-source and anyone can see it and suggest improvements. Litecoin Core is free and available for Windows, Linux, macOS, and Android.

The installation process is relatively simple and only takes a few minutes. However, after installing, it will take around eight hours to synchronize with the servers. Afterwards, Litecoin Core will be ready to use.

You’ll find the interface is simple and user-friendly. The Overview section shows pending and available balances and recent transfers. The Transactions tab will show you a detailed transfer overview, including information like date, type, label, and amount.

Litecoin Core allows choosing the transaction fee. The software will always recommend the charge, but you can go higher if you worry about how network congestion might affect you. For additional safety features, there’s a compatibility with the Tor Network and virtual private networks. 

The program acts as a full node, which means you can communicate with the Litecoin chain. It’s a feature for expert users, which can access the console or the debug window to execute different actions. These include checking statistics and obtaining info from other nodes.

After installation, you can back up Litecoin Core. It’s necessary to store a file in a secure place, and there’s also a password you need to generate. This will allow restoring funds with the file you stored. Overall, Litecoin Core is the official LTC product, making it the best choice for managing this coin.

Exodus

Source: Pexels

Features

• Store multiple cryptocurrencies
• Compatible with Trezor hardware wallet
• Swap, send, and receive LTC on 6 continents in over 150 countries

Price: Free

Exodus supports LTC and hundreds of other digital currencies. It is currently compatible with over 50 networks, making it a multi-chain wallet. Exodus serves as a web3 decentralized app, allowing you to purchase NFTs, swap crypto, and access other services from your internet browser. The wallet also has mobile and desktop versions that are free to download.

Exodus features more attractive graphics and a modern layout if compared to Litecoin Core. The main screen offers details on your current balances, including the total worth of your assets, the highest balance, and other useful info.

The wallet has an integrated swapping function. You can convert your LTC to any other currency effortlessly, and it’s even possible to buy crypto with credit or debit cards. Additional apps add versatility to Exodus, such as the one allowing access to staking rewards programs offered by third parties.

Exodus is compatible with the Trezor Hardware wallet. That’s important since it helps maintain the maximum level of safety for your crypto funds. 

You might be wondering “Is Litecoin a good portfolio option?” Yes, and Exodus is an ideal choice to keep it safe. It’s an all-in-one crypto wallet that you can use to combine LTC and other digital coin management.

Litewallet

Features

• Available on iOS and Android
• Official LTC mobile wallet
• Fingerprint authentication for transactions
• Simple and convenient to use

Price: Free

Litewallet backed by Litecoin Foundation. It’s specifically a mobile option, so you can only download it for Android and iOS devices. That brings us to its biggest advantage — managing your LTC coins on the go.

It only takes a minute to install and start using Litewallet. Transferring funds is also a piece of cake, whether you are sending or receiving them. It seems that convenience is the main characteristic of Litewallet. The safety levels are at an average for a hot wallet. You can set a PIN to access your wallet, and fingerprint authentication is also supported.

Transfers are fast and come with a service fee. Litewallet works almost flawlessly on both operating systems. You might face an occasional glitch or two, but resetting the app will help in most cases. Overall, if you need quick access to your LTC coins, Litewallet will ensure you can manage funds from any location.

Key Takeaways

The good news is that all Litecoin wallets suggested in this article are free. Each is an excellent choice, and it only depends on your preferences. Litewallet is a simple and fast solution, suitable for on-the-go asset management. Litecoin Core is a full-node program that works on desktop devices. 

Exodus, on the other hand, is a multi-chain crypto wallet suitable for traders with vast crypto portfolios. Considering the wallets are free, don’t hesitate to download them and give them a shot.