Bitcoin Forum

I want to buy some Litecoin for long-term investment but I dont installed any litecoin client wallet, where do you guys save most of your LTC?

If its not in your wallet its not your LTC!

All you have is a virtual promise to give you some LTC later.  You may or may not get it

Paper wallet: https://bitcoinpaperwallet.com/bitcoinpaperwallet/generate-wallet.html?design=alt-litecoin

I only hold a very, very limited amount of LTC, but i keep it in electrum for litecoin. It's a HD wallet for litecoin, so you're in charge of your private keys, you only need a seedphrase to restore and you don't have to sync/verify...

If you hold a big chunc of LTC, the paper wallet is advisable tough.

HD wallet for litecoin? Do you have a link to that wallet? I need to export litecoin fund from paperwallet that don't have to sync the whole network

This one should work: https://electrum-ltc.org/
Disclaimer: i'm not the developer, nor have i read the full sourcecode. I just got the link from a post from a trusted member (can't even remember where), i've been using it for a while without a glitch.

There some good wallet out there, desktop wallet is good but paper wallet is better. Do not store large amount in your exchange wallet it is not save

if you want to buy litecoin in long term investment
your must use litecoin wallet in savety
iam recomended for you electrum

totally agree with clownius.

i think its a no brainer to store any crypto you're not directly trading/spending on your own devices (with any longterm investment amount in proper cold storage).

i mostly keep them in my exchanger wallet, meaning i keep them on bittrex.com exchange site.

but i know that this is not such a good idea to keep them on a live exchange and it is risky but since i don't keep them for long, i have to take this risk.

but i did some research a while back and found out that there is a nice SPV wallet called Electrum-ltc which is exactly like the bitcoin version and you can use that to keep your litecoins safe.

Honestly , I don't have a Litcoin wallet , instead of that , if I got some LTC , I save them in one of my exchanges accounts , although I don't recommend this action , but I do that , because I hold them for short time , I use LTC only to reduce the transaction fees between my accounts .

for now, i only use wallet from market exchange and i use wallet from poloniex, but before that, i use multilite which is software and no need to install, just download the software, and then you can run it in your computer. but for now, i don't have litecoin anymore, maybe later i will buy some for long-term investment.

Why not to keep some LTC on well known exchanger such as poloniex or bittrex.
I have hold them almost 2 year and I never encounter any problem yet easy & simple !

I only use the local exchanger in my country for save my ltc, because it's very simple if i want to sell/buy ltc. But most people say is not recommended.

I stored my LTC in the litecoin core wallet. eventually I became way too lazy having to sync the blockchain, because having to sync the bitcoin core blockchain is already annoying enough. I ended up selling all of my ltc just to not worry about it.

Honestly all of my litecoin stocks is in any exchange site but its more LTC in my yobit account.. which is because i am doing also signature campaign and my funds in signature campaign will be redirect into altcoin for holding for a long time to increase the amount or to make a  profit.

I didn't install the litecoin client but i stored my litecoin in bittrex and other tradings site..
Almost a months a go its still there but sometimes few of my litecoins sold depends of the price increase or decrease of LTC.. and it is one of the good invest because this coins is living long in the market.

mt-gox was a well know exchange

In fact many well know exchanges have gone belly up for a variety of reasons........

Its never the guys running the exchange who lose all their coins............

Edit: I always keep any coins i own on an encrypted partition with redundancy on my own computer as well as an encrypted backup offsite

I lost about 10BTC once to mt-gox. I only sent it to the exchange to cash it out.  Four months later of trying to extract it as $$$ and in the end BTC they finally went belly up and that BTC is just gone in reality.  Although i still get emails regarding them from the liquidator i never expect to see them again.  The second btc (or any coin) leaves your wallet you only have a promise that someone will return it....

why would someone save litecoin?... seriously... almost every day we see someone talking about ltc or doge, both dead coins.

I am holding my LTC in my wallet at trading site not trading site i just have few of them for testing to hold if i can make a good profit in altcoin..
I never test to install their wallet installer..

They are exist for years and have a nice trading volume daily on all exchanges, they are not dead mate

On poloniex, can't believe it's been two years since I deposit them on their exchange.

LoafWallet - an iOS Litecoin Wallet.

I'm holding 50 LTCs on Bittrex for almost 2 years.
But if you have lot of it you better store it to cold wallet

I use Litecoin paper wallet for cold storage, as far as one knows it is the safest way.

You talking about the coin also known as a rock? Place it anywhere, no one will steal it lol

Well, also good news for me, but this is my first time heard about the HD wallet for lite coin, from your review i think i wanna try that too. thanks

LoafWallet is also a HD wallet.