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Author Topic: Litecoin Wallet Recommendation?  (Read 233 times)
ayi nora
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May 17, 2022, 06:52:05 PM
 #21

I use a trust wallet, because there are lots of coins that support it, for litecoin services are also available, and it's very easy to receive or send litecoins to exchanges for sale, even though there are many other wallets scattered out there, but trust wallets can be used as the right wallet . for security I have no doubt about trust wallet.

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jerry0 (OP)
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July 31, 2022, 02:42:46 AM
 #22

can you use coin control on ledger live with litecoin?


example, you want to withdraw only 20-50 dollars from a gambling site and make small payments to someone monthly.  So even when they see the litecoin address you are sending from, they only see that small balance.


But you also want in the future to withdraw bigger amounts of litecoin and store it but make sure whenever you make your monthly payments to someone... they can't see the bigger stack litecoin address which you have for holding?


does ledger live generate a new ltc address each time you want to withdraw btc and it generate new address like btc or not?


or should i just use electrum ltc or trust wallet for this?
vv181
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July 31, 2022, 08:57:02 AM
 #23

can you use coin control on ledger live with litecoin?
Litecoin is a fork of Bitcoin, so according to their documentation page, yes, you can! Refer to this article: Using Coin control. The complete explanation and how-to guide are over there. So you should be able to follow thoroughly.

does ledger live generate a new ltc address each time you want to withdraw btc and it generate new address like btc or not?
Yes, any leftover amount of coin you have sent, will go into a change address(https://support.ledger.com/hc/en-us/articles/360033802154-Change-addresses?support=true).

should i just use electrum ltc or trust wallet for this?
Electrum LTC does also support coin control. But you should stick with Ledger Live.
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July 31, 2022, 10:24:51 AM
 #24


But you also want in the future to withdraw bigger amounts of litecoin and store it but make sure whenever you make your monthly payments to someone... they can't see the bigger stack litecoin address which you have for holding?

Transactions on the Bitcoin and Litecoin blockchains are easy to trace.
For privacy, so that your partners do not see your main wallet, you can use MimbleWimble or 2 different wallets.
https://www.elliptic.co/blog/explaining-mimblewimble-the-privacy-upgrade-to-litecoin


Exchange your litecoin for any cryptocurrency with low fees, and then exchange this cryptocurrency for another litecoin address and make payments.
https://changelly.com/
https://changenow.io/
https://fixedfloat.com/ru/


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jerry0 (OP)
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August 01, 2022, 05:43:24 AM
 #25

wait so you can use coin control on ledger live with ltc?  So say i receive 50 dollars worth of ltc to nano ledger.  Make few 5 dollar payments and my ltc balance is now around 25 dollars.  The person who i been sending 5 dollars multiple times can always see that balance right since they see i use the same sending address?  Now when request ltc from another site but want 5000 dollars worth of it to store and hold, does ledger live generate me a new ltc receiving address similar to how it does with btc?
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