The Complete Guide to Selecting Your Litecoin Wallet

Last updated on March 1st, 2018 at 04:21 pm

Your Litecoin wallet will be perhaps the most important tool you have for securing and protecting your Litecoins and other digital currencies, so make sure you take some time to familiarize yourself with them!

What are Litecoin Wallets

Like Bitcoins, Litecoins can be stored in a digital wallet. This wallet will track the total value of your Litecoins and allow you to conduct various transactions. It might be easier to think of your ewallet as a sort of email system, except instead of sending and receiving messages, you can send and receive Litecoins and money. You can also track your history of exchanges and monitor your financial transactions.

Web wallets – You store your Litecoins on someone else’s sever.

Desktop / mobile wallets – You store your Litecoins on your device (e.g. your laptop).

Each type of wallet has it’s pros and cons. Web wallets are risker since someone can hack the companies servers and steal your coins, but on the other hand you can use them from anywhere in the world. Offline wallets are considered safer since someone will need physical access to your computer to steal them, but you will also be able to send Litecoins only from that specific device.

Some wallets are completely free, while other wallets charge fees for various transactions. Make sure you read any fine print when choosing a wallet and pay close attention to any fees, as they can add up very quickly. There are several Litecoin wallets currently available, so we will go over some of the most popular options. Unlike Bitcoin there aren’t many options for Litecoin wallets, so I tried choosing the top 3 for you to cosider.

Hardware wallets – These wallets are a small piece of hardware that connects to your computer via a USB portal. They allow you to send and receive Bitcoins with complete security as all of the “important stuff” is done offline on the hardware device. These types of wallets are the most recommended but they also come at a price.

If you want a deeper understanding of how wallets work please watch this video about Bitcoin wallets. Even though the topic is Bitcoin wallets, the same principles apply for all cryptocurrency wallets:


Top 5 Litecoin wallets available

TREZOR – TREZOR is a hardware wallet that can hold Litecoin as well as Bitcoin, Dash and other cryptocurrencies. It costs around $99 but is well worth the extra security you get by using such a wallet. Also, since it’s a multi currency wallet you can use one TREZOR wallet for many different coins.

Ledger Nano S – The Nano S is probably one of the best wallets around. It’s a hardware wallet that can store Litecoin, Dogecoin, Bitcoin, Dash and even Ethereum. It costs around $59 and has similar features to the TREZOR.

Litecoin-QT – This is a desktop wallet for Litecoin which I personally use. Very convenient but you need to remember that once you use this wallet it means that your computer now stores all of your Litecoins. Litecoin-QT is 100% free to use.

Jaxx – A cross platform Bitcoin and altcoin wallet. Jaxx works on Desktop and mobile and is very intuitive and easy to use. You can read our full review here.

Exodus – A beautifully designed wallet for Blockchain assets. Allows you to hold Bitcoin, Litecoin, Ethereum and other cryprtos. Read our review here. is a simple service that will generate a Litecoin key and address for you. You can then print the key and address and safely store Litecoins offline. Due all of the thefts that have occurred with Bitcoins and online wallets, many people now prefer to store coins offline. This service is definitely worth a look if you are looking for a way to easily store Bitcoins offline. Read this post to understand how to create a 99.9% safe paper wallet.

Before selecting your Litecoin wallet

When selecting a wallet for any of your digital currencies, you need to make sure that you are very careful and go with a trusted and transparent company. There have been numerous Bitcoin scams that have resulted in people losing thousands, and even millions of dollars worth of Bitcoins. Occasionally, people try to save small amounts of money by selecting less transparent wallets with cheaper fees. Unfortunately, attempts to save pennies sometimes result in people losing huge sums of money.

Companies that are backed by Silicon Valley ventures, or are officially incorporated in the United States and other developed countries, for example, are probably more trust worthy than companies that don’t disclose their location, or are located in areas with poor enforcement measures.

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.


  1. David Jacobs on

    o whom it my concern.
    I have an Litecoin wallet and I can access the wallet and my account by clicking on the Litecoin symbol on my desk top however this evening I wanted to send some Litecoin to another exchange but they ask for a passphrase. I don’t have a passphrase. I only have the 50 sets of numbers I copied and pasted. Can I access my passphrase using these numbers and how would I go about doing it.
    Thanks so much for your time.
    David Hanigan

    • David Jacobs on

      No offence but I’m not a newbie I’m just not a technician. I opened a Jaxx wallet recently and it was very easy instructions were clear unlike Litecoin. I digress, sorry, thanks for getting back to me I’m hoping you will be able to help me stop obsessing about this Litecoin Core wallet. I have three separate Litecoin core wallets, two on my PC and one on my laptop none of which ask me to create a passphrase. I hope this helps, thanks again for your time.

      • Hi David,

        I can’t seem to see my reply to you any more but it seems like you got it.

        OK, so you’re having the problem with one of your Litecoin Core wallets… You say that you have two Litecoin Core wallets installed on your PC? If they’re on the same system, that sounds like it could be causing conflicts… Unless you’ve set a separate data directory for one of the wallets, they’ll both be using the same data directory. This is a problem, as the data directory holds important wallet info, like your balance and so on…

        My suggestion would be to install a copy of Litecoin Electrum (see the official / .org site for the most trusted download link) and use it to sweep the private keys of your other 2 Core wallets. All your LTC will then be consolidated in the Electrum wallet. Hope that helps.

  2. Hi Steve, this is an amazing site and you are soooooo helpful. Went through your posts and it helped me a lot on how handle LTC and BTC. Thank you!!!

    Now, I have another newbie question, I moved my ETH from coinbase to and when I login I use Keystore / JSON File and password. Would you consider that safe? I didnt want to use their desktop version.
    With json file, I thought the private key is not stored there… Not sure why MEW does not recommend to login with this type.
    Also, I did similar to NEO, by using NEON. If you recommend it or not. THANKS A LOT!

    • Hi Izik,

      Thanks, glad it helps you.

      OK well, a keystore file isn’t bad, especially when used in conjunction with a good password… search for the “correct horse battery staple” xkcd comic if you’re unsure about how to set a good password.

      I’d say a seed phrase is a little better than a keystore file though, as a seed phrase can be recorded in many physical, offline ways (e.g. written down on paper) which are easier to secure than a file which must be stored digitally. Even if stored on an encrypted drive, it’s likely the keystore file will be used on a networked computer at some point, which raises the possibility of attack (unless I’m missing some important security measure inherent in these types of files).

      I haven’t encountered the NEON wallet before but if the process is the same, then it should offer the same level of security (provided that the wallet itself is properly designed and secure).

Leave A Reply