Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: seghir on September 20, 2017, 10:10:25 AM



Title: i need help storing LTc !!!!!!
Post by: seghir on September 20, 2017, 10:10:25 AM
hello ,
im about to buy like 50 to 60 LTc
and i need to know where should i store them for long period ,, like 1 to 2 or 3 years ?

what is the best wallet for LTC ?  offline wallet ? cold ,, ?
i tried to store some ltc in coinbase ,,, but i had a problem when i try to send them to my poloniex wallet ,, i get limits ,,, i can only send 99$  per time ,,,
i sent a message for support and they said that they can't help me because my country is out of their.. service ....
im from Algeria ,,,
i can't buy hardwrs wallets here ,,,,, so any solutions ?? paperwallet for LTC ? liteaddress.org ???
and when need i to get my LTc from my paperwallet ? can i use electrum application in my pc ??

please help me im neww in this domain ,,,

thank you a lot


Title: Re: i need help storing LTc !!!!!!
Post by: seghir on September 20, 2017, 12:10:31 PM
up up up


Title: Re: i need help storing LTc !!!!!!
Post by: on September 20, 2017, 12:14:30 PM
Offline/local wallet.
Encrypt your wallet.dat and back up your wallet.dat to a safe location (offline pc/external hdd/usb stick).

You can also dump private key and save that somewhere so you wouldn't even need your wallet.dat file.


Title: Re: i need help storing LTc !!!!!!
Post by: Lucky_U on September 20, 2017, 12:16:11 PM
Litecoin core wallet is the best way to keep your coins safe - https://litecoin.org
Also you can try https://electrum-ltc.org if you don't want to download all blocks.


Title: Re: i need help storing LTc !!!!!!
Post by: flip4flop on September 20, 2017, 12:32:41 PM
I would recommend an offline wallet. I am currently keeping my LTC and BTC in a Trezor if you can find a way to get one shipped to your country.  If you have a lot of coins, which it seems you do, that would be my recommendation to keep your investment safe. It's easy to use and extremely safe


Title: Re: i need help storing LTc !!!!!!
Post by: shaggy404 on September 20, 2017, 12:36:11 PM
If you just want to hold them for longer period, I would suggest creating a paper wallet and store it in safe place. No need to use a software wallet for this purpose. Check this out, it supports several currencies:
https://walletgenerator.net/?currency=Litecoin


Title: Re: i need help storing LTc !!!!!!
Post by: Marvell1 on September 20, 2017, 12:47:59 PM
The LTC wallet is a combination of public address and private key. You must keep them safely. Paper wallet would suit perfect indeed, as well as cold storage (USB drive, Ledger Nano S, Trezor). Your safety is mostly your silence and cyber safety.


Title: Re: i need help storing LTc !!!!!!
Post by: xbiv2 on September 20, 2017, 12:51:54 PM
Quote
where should i store them for long period ,, like 1 to 2 or 3 years ?
Just sell it for Bitcoins
Altcoins is not good investment, especially overcapitalised like LTC
https://image.ibb.co/bvCHqF/altcoin_price_history_by_year_250k.png