Top 8 Litecoin wallets: Compare security, cost and more | finder.com
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Best Litecoin (LTC) wallets

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What’s the best wallet for storing Litecoin? Compare eight LTC wallets in this comprehensive guide.

Litecoin is an open-source, peer-to-peer digital currency designed to offer lower transaction fees and faster processing times than bitcoin (BTC). Since its launch in 2011, Litecoin has grown to become one of the most well-known cryptocurrencies in the world, firmly cementing its position in the top 10 cryptos in terms of market capitalization.

If you’re thinking of buying any Litecoin, you’ll need to find a secure wallet in which to store your funds. However, with several wallets available, you’ll need to thoroughly research your options before choosing one that’s right for your needs.

Keep reading to take a closer look at eight of the best Litecoin wallets.

Learn more Where to buy Litecoin (LTC)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Top wallets for Litecoin

Name Product Wallet type Supported Cryptocurrencies
Hardware
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM, HSR, DGB, QTUM, PIVX, POSW
Securely store some of the world's most popular cryptocurrencies on the Ledger Nano S hardware wallet.
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
Desktop Client, Mobile, Web
BTC, ETH, DASH, ETC, BCH, REP, LTC, ZEC, RSK, DGE, ICN, GNT, GNO, DGD, BCAP, CVC, STX, POE, MCI, QTUM, CFI, ART, PAY & 30+ more
A relatively new wallet on the market, Jaxx offers multi-platform support for seven different cryptocurrency assets.
Desktop Client
BTC, BCH, BTG, LTC, ETH, DASH, ETC, VTC, FUN, DCR, EOS, ANT, GNO, OMG, BAT & 15+ more
Founded in July 2016, this free desktop wallet offers support for multiple cryptocurrencies including live chart tracking features.
Litecoin Core Wallet
Litecoin Core Wallet
Desktop Client
LTC
The official Litecoin wallet, Litecoin Core provides straightforward management of your LTC holdings.
Electrum-LTC Wallet
Electrum-LTC Wallet
Desktop Client
LTC
This basic desktop wallet is simple to use and offers a 12-word security passphrase for added security.
LiteVault Wallet
LiteVault Wallet
Web
LTC
Store, send and receive LTC via the open source, web-based LiteVault wallet.
LoafWallet
LoafWallet
Mobile
LTC
Developed by the creators of Litecoin, LoafWallet allows you to securely store Litecoin on iOS and Android.

Compare up to 4 providers

What to look for in a Litecoin wallet

Whether you’re looking to store Litecoin, bitcoin or any other cryptocurrency, there are several important features you should look for in a wallet. These include:

  • User-friendly interface. Cryptocurrency wallets can be complicated and confusing, especially for new users, so make sure you choose a wallet designed with a simple and straightforward user interface.
  • Currency support. Don’t assume that every available cryptocurrency wallet will support Litecoin. Check the fine print to make sure the wallet you’ve chosen can store Litecoin and, if you’re looking to store other coins and tokens, verify that they’re supported as well.
  • Security. Make sure that any wallet you choose has security features in place to protect your funds, such as secure PINs, 2-factor authentication, encryption and the ability to generate multiple addresses.
  • Backup facility. Check to confirm whether the wallet has a backup facility so you can easily restore your wallet if something goes wrong.
  • Support. If you ever have a problem with your wallet, is it quick and easy to access customer support? Look at the contact methods available and do some research to find out about the experiences other users have had with customer support.
  • Development. Try to find a wallet that’s backed by a development team that’s committed to improving and upgrading the wallet, such as adding extra security features or integrating support for more currencies.

Ledger Nano S (hardware wallet)

  • Security, stores multiple cryptocurrencies, ease of use
  • Cost
Ledger Nano S
Hardware wallets are generally considered to be the most secure storage options for cryptocurrency, and the Ledger Nano S is a popular choice among crypto enthusiasts. Developed by French company Ledger, the Nano S is a lightweight, portable USB device that is compatible with Windows, Mac, Linux and Chrome operating systems.

The key focus of the Nano S is security. Built around a secure element and based on dual-chip architecture, it allows you to set up a PIN and also supports 2-factor authentication. Your private keys are locked in the device and never given to a third party, while there’s also a built-in OLED screen to provide for the quick and easy manual verification of transactions.

Read our full review of the Ledger Nano S wallet here

The setup process is simple and straightforward, and the Nano S supports a wide range of digital currencies. As well as Litecoin, you can also use it to manage bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dash (DASH), Ripple (XRP) NEO (NEO) and many more.

However, because it’s a hardware wallet, it does come at a price. At the time of writing (2/23/18), it was listed for about $97 plus tax on the Ledger website.


TREZOR (hardware wallet)

  • Security, stores a range of cryptocurrencies, simple setup process
  • Cost
TREZOR

Though it’s most commonly associated with bitcoin, TREZOR can also be used to hold Litecoin, Ethereum, Bitcoin Cash, Bitcoin Gold (BTG) and an extensive range of other coins and tokens.

Just like the Nano S, it’s a USB with a heavy focus on the security of your funds. The device is protected by a PIN code of your choosing, and each time you enter the wrong pin, the wait time until you can try again increases by a power of two. It also supports 2-factor authentication, features a randomly generated 24-word recovery code and includes a display to let you quickly confirm transaction details.

Read our full review of the TREZOR wallet

Compatible with Windows, Mac and Linux operating systems, as well as Android devices, the TREZOR is simple to set up and use. Even if you’re new to cryptocurrency, all you have to do is follow the straightforward instructions to get started.

However, cost may be an issue for some users. At the time of writing (2/23/18), a new TREZOR would set you back about $110 from the manufacturer’s website.


Litecoin Core (desktop wallet)

  • Accessible on multiple operating systems, free, official Litecoin wallet
  • Not suitable if you want to store multiple cryptocurrencies

Litecoin Core

Litecoin Core is the official desktop wallet of this popular cryptocurrency. Backed by the Litecoin Core development team, it’s free and available for Windows, Mac and Linux operating systems.

The biggest strength of this wallet is that it’s been specifically designed for the sole purpose of storing your Litecoin holdings. While there may be other wallets out there with interfaces that are slightly easier to understand, the Litecoin Core does what it sets out to do very well. The setup process is simple, and the wallet allows for similarly straightforward management of your LTC holdings.

However, as a full node, Litecoin Core downloads the entire Litecoin blockchain onto your computer, which not only takes a while but also uses a lot of storage. And if you want to store any coins or tokens other than Litecoin, you’ll need to look elsewhere for a multi-currency wallet.

Storing Litecoin in an exchange wallet

You may wish to store some of your Litecoin in the wallet attached to your account on a cryptocurrency exchange. If you’re planning on using those LTC in a trade, keeping them on an exchange ensures fast and convenient access whenever you need.

However, make sure you’re aware that you don’t actually own this online wallet; it belongs to the exchange. You’re also exposed to the risk of hacking by third parties or even theft from within the exchange if trading on an unreputable site.

With this in mind, it’s recommended that anyone looking for a long-term storage option moves their crypto holdings to a private wallet.

Exodus (desktop wallet)

  • User interface, stores multiple cryptocurrencies, built-in ShapeShift exchange
  • New-ish company, no 2-factor authentication
Exodus wallet
Launched in July 2016, Exodus has quickly become a popular choice in the cryptocurrency community. Its headline feature is its aesthetically pleasing user interface, which can help even the newest of crypto newbies understand and manage their holdings. The wallet features an array of useful charts, customizable options and all the information you need presented in a straightforward fashion.

There are plenty of other practical features worth mentioning, such as fast exchanges between coins thanks to ShapeShift integration, as well as tutorials and videos to guide beginners through wallet setup and use. Exodus also supports more than 25 cryptocurrencies, including Litecoin, bitcoin, Bitcoin Cash, Ethereum, Dash and more.

However, there are a couple of key points to keep in mind before choosing Exodus. The first is that there’s currently no support for 2-factor authentication, which is a very handy security feature many other wallets offer.

The second is simply the fact that Exodus hasn’t been around as long as some other wallet providers – while it already has plenty of positive reviews, building a reputation for reliability takes time.

Read more about Exodus in our full review


Jaxx (desktop and mobile wallet)

  • Supports multiple cryptocurrencies, great user interface, can be used on multiple devices, ShapeShift functionality
  • Security issues with all hot wallets
Jaxx wallet
Created in 2014, Jaxx is another user-friendly cryptocurrency wallet targeted squarely at beginners. Just like Exodus, Jaxx presents a unique user interface that’s both pleasing to look at and straightforward to interact with.

Available on both desktop and mobile, Jaxx is compatible with:

  • Windows, OS X and Linux operating systems
  • iOS and Android smartphones and tablets
  • Google Chrome browser extension

It also supports a long list of market-leading cryptocurrencies, including Litecoin, bitcoin, Ethereum, Dash, Zcash (ZEC) and many more. ShapeShift integration means you can quickly exchange between those currencies right within your wallet.

However, as with any other type of hot wallet, you’ll need to be aware of the security risks that come with being connected to the Internet. For example, in June 2017, a “vulnerability” in Jaxx reportedly led to the theft of $400,000 in cryptocurrency holdings.

Read more in our full review of Jaxx


Electrum-LTC (desktop wallet)

  • Lightweight, secure, fast to set up and get started
  • Litecoin only, not as user-friendly as other options

Electrum-LTC

Electrum-LTC is a lighter version of the Litecoin Core wallet reviewed higher up on this page. A simpler payment verification (SPV) wallet, Electrum-LTC is designed to be faster and more lightweight than its bigger brother because it doesn’t require you to sync to the network.

The setup process is quick and straightforward, and the software is available for Windows, Linux and OS X operating systems. A deterministic wallet, it also allows you to create a 12-word security passphrase to provide increased protection for your LTC, plus the added functionality of being able to “freeze” an address.

On the flipside, the fact that you can only use it to store LTC will make it a no-go for some cryptocurrency holders. There are also some options in this list with better user interfaces to consider.


LiteVault (web wallet)

  • Fast signup process, easy to use, convenient
  • Can’t store other cryptocurrencies, not as secure as other wallets
Litevault
LiteVault is an online wallet designed to allow you to manage your LTC through your web browser. It’s designed to be incredibly quick and convenient to access and use, with the signup process taking as little as 10 seconds.

LiteVault’s source code is publicly available, and all user wallets are encrypted before they reach the provider’s servers. This allows you to retain control of your private keys.

However, web-based services always put you at a greater risk of hacking and phishing attacks, and if you want to store any other coins alongside your Litecoin, you’ll need to look elsewhere.


LoafWallet (mobile wallet)

  • Developed by Litecoin creator, simple and lightweight, available for iOS and Android
  • Can’t store other cryptocurrencies
Loafwallet
No list of the best Litecoin wallets would be complete without a mention of LoafWallet. Developed by none other than Charlie Lee, the creator of Litecoin, it’s a mobile-only wallet that features a simple and aesthetic-based user interface and is designed specifically for storing Litecoin.

Originally only available for iOS devices, LoafWallet is now also compatible with the Android operating system. An open-source, hierarchical deterministic (HD) wallet, LoafWallet is actually based on bitcoin’s popular BreadWallet.

It’s designed to be quick and easy to send and receive funds through the wallet app, while you can also restore your LTC holdings if something goes wrong by using a 12-word backup seed key.

However, just like desktop software wallets, mobile wallets don’t offer the same level of security as offline storage. And if you want to store any other coins or tokens alongside your Litecoin, this wallet won’t be for you.


Tips for securely storing your Litecoin

Remember the following tips to help ensure the safe and secure storage of your Litecoin:

  • Consider offline storage. Offline (or cold) wallets are generally considered to offer the safest way to store cryptocurrencies. If you’re holding a large amount of funds and you don’t plan on trading them anytime soon, moving them to a hardware wallet may be the best option.
  • Secure your wallet. Be careful to make the most of all the security features provided by your wallet, such as creating a secure PIN and setting up 2-factor authentication.
  • Backup. Back up your wallet regularly to ensure that your backup reflects your most recent transactions. That way you can still access your Litecoin if an unexpected problem occurs.
  • Password protection. Choose a strong password and make sure you never give it, or your private key, to anyone else.
  • Protect your computer. Make sure your PC is protected by the latest antivirus and anti-malware software to minimize the risk of hacking.

Check out our comprehensive guide to choosing a crypto wallet


Images: Shutterstock

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping people find the right products for them. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

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