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Author Topic: What the best wallet for Litecoin from your point of view? and why?  (Read 70 times)
designbuyers (OP)
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April 13, 2021, 01:32:50 AM
 #1

What the best wallet for Litecoin from your point of view? and why?

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April 13, 2021, 02:06:10 AM
 #2

What the best wallet for Litecoin from your point of view? and why?
It should be hardware wallet like trezor or you can try a desktop wallet like exodus.

In my experience trezor wallet is the best hardware wallet with the best security. I have been using this wallet since a few years ago and i never face a problem with it.
Im also using exodus wallet to store my litecoin as well. This desktop wallet is also very secure to store your litecoin but again how secure your wallet depends on how good you are maintaining your wallet.

You must always try to avoid dealing with any suspicious link or something else.

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April 13, 2021, 02:12:02 AM
 #3

The best wallet for Bitcoin is also the best wallet for Litecoin. And the best wallet for both coins is a hardware wallet. Trezor has been suggested already. Alongside Trezor of course is Ledger. Ledger supports Litecoin. If you are not using a hardware wallet, then the best multi-currency wallets will apply for Litecoin. I am almost sure that any trusted multi-currency wallet supports Litecoin. Litecoin is not just one of the shitcoins which are not supported in some wallets.
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April 13, 2021, 02:18:24 AM
 #4

The coinmarketcap gives you a tab with recommended wallets: https://coinmarketcap.com/currencies/litecoin/wallets/

It is not easy to give you the best wallets. Each person will have own best wallet for personal usage and demand.

If you only want to have a wallet that store your Litecoin only, please consider the official wallet from Litecoin.org: https://litecoin.org/
Click on the Download tab and choose the OS you want to use. Under each OS, you will see the hyperlink to GPG Signatures. It is important to verify GPG signature of your wallet file. Verify it and make sure you download a legit wallet, not a phishing or fake wallet.

The Github of Litecoin has a short guide to verify PGP signatures. Visit Litecoin-project Github to get detailed guide and links
Quote
Download Binaries
To download, please visit the download page here. Alternatively, you can view the download folder here.

Please use GPG to verify the integrity of the release binaries. This ensures that the binary you have downloaded has not been tampered with. Linux, MacOS and Win32 cygwin command line GPG instructions are available here. Please also note that we GPG sign the binaries as a convenience to you, the ultimate way to verify the integrity of the builds is to build them yourself using Gitian. Instructions on how to perform these builds, can be found here.

For this release, the binaries have been signed with key identifier FE3348877809386C (thrasher's key).
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April 13, 2021, 06:40:04 AM
 #5

What the best wallet for Litecoin from your point of view? and why?
Hardware wallets are the best in terms of security. After all when you are dealing with money storage the most important risk factor is theft and hardware wallets will save you from a lot of those attempts at the cost of a device that you will need to buy.

You can also use the wallets available in general, I have tried some multicoin wallets like Block.io and Holytransaction even then the concept of a web wallet means that the private keys are not controlled directly by you. If you live in any country that supports Coinbase you can use that too, it is a good alternative being a centralized company which provides a wallet service.

Still the recommended one is the official wallet from litecoin.org.

Typically depending on your needs you should look for one. Not all of them have customizable fee systems. So these things need to be checked first.

R


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April 13, 2021, 06:54:43 AM
 #6

Just use trezor, i've been using it for 2 years and still counting, it performs really well and smooth, the built is solid.
But, what you mean with "best" wallet here? based on its reliability or convenient?

I would prefer an ordinary mobile wallet like trust wallet if i'm gonna use it for making frequent transactions because it's just convenient and if it's just peanuts there's no need to go as far as buying hardware wallet or if you feel uncomfortable with storing your coin in a smartphone, just use desktop wallet.
but if it's reliability the obvious answer is hardware wallet like trezor. just choose based on your preference and needs.

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April 13, 2021, 06:58:14 AM
 #7

What the best wallet for Litecoin from your point of view? and why?
By the times of when I was mining litecoin, I was using electrum and surprisingly litecoin electrum team still continue it. You can find electrum for litecoin from official litecoin website. I am not recommening it but as long as I was using it, I had face no problems and it was quick in syncing (although QT/core version also do sync quickly for litecoins).

Also these days I am making use of trust wallet for few coins with staking advantage. Also, you may make us of it for your litecoins as it is from binance team (not sure is there any staking reward for litecoins in trust wallet). Other than these, you may go for hardware wallet for better security of cold storage.

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April 13, 2021, 08:13:04 AM
 #8

Also these days I am making use of trust wallet for few coins with staking advantage. Also, you may make us of it for your litecoins as it is from binance team (not sure is there any staking reward for litecoins in trust wallet). Other than these, you may go for hardware wallet for better security of cold storage.
Trust wallet is now completely close source, I will not recommend it at all. Using litecoin wallet which is the official wallet will be better. But, I too will prefer litecoin to be used with hardware wallet like Trezor models or Ledger Nano, making use of offline wallet is good because the private key is not online but offline. Also hardware wallets support hundreds of coins and over 1500 ERC20 tokens.

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