Litecoin Wallets Comparison and Reviews

Last updated: 1/27/19

Litecoin is one of the oldest cryptocurrencies around with a wide range of wallets supporting it. In the following post I will cover the best options available for storing and securing your litecoins.

Post Summary

In order to choose the right Litecoin wallet you will first need to decide how much convenience vs. security you’re looking for. According to this you should choose between a web wallets, a software wallet, a hardware wallet or a paper wallet.

Here’s a complete list of the best available wallets today:

Ledger
Wallet type:
Hardware wallet
Overall rating:
5 Star Rating
Trezor
Wallet type:
Hardware wallet
Overall rating:
4.5 Star Rating
Abra
Wallet type:
Hot wallet
Overall rating:
4.5 Star Rating
Review coming soon
Jaxx
Wallet type:
Hot wallet
Overall rating:
4 Star Rating
Exodus
Wallet type:
Hot wallet
Overall rating:
4 Star Rating
Coinomi
Wallet type:
Hot wallet
Overall rating:
3.5 Star Rating
Edge
Wallet type:
Hot wallet
Overall rating:
3.5 Star Rating
Litecoin Core
Wallet type:
Hot wallet
Overall rating:
3.5 Star Rating
Review coming soon

For a more detailed review keep on reading, here’s what I’ll go over:

  1. Litecoin wallet types
  2. Best Litecoin wallets around by category
  3. Conclusion – before selecting a wallet

1. Litecoin wallet types

Like Bitcoins, Litecoins are stored inside a Litecoin wallet. If you want an in depth overview about cryptocurrency wallets and how they work make sure to watch this video:

If you prefer to read, I’ll give you a brief breakdown of what you need to know.

A Litecoin wallet is a program that helps you send and receive Litecoins. Imagine it’s like your email program (i.e. Gmail, Outlook, etc.) only for your Litecoins. There are several types of Litecoin wallets available.

Web wallets – This means the private key to your Litecoin wallet (i.e. your password) is stored by someone else for you. These type of wallets are the least secure since you don’t have any direct control over your coins. It’s best to avoid them, and if you have to use them, don’t keep a lot of money in them.

Desktop / mobile wallets – Also known as software wallets. In this case, your private key is stored on your desktop or mobile device. While a bit safer than web wallets, these are still considered to be hot wallets – meaning wallets that are connected to the internet and therefore are more prone to hacks and theft. They are usually recommended for small amounts of money.

Hardware wallets – A small piece of hardware that keeps you private key offline (aka cold storage). In order to send Litecoins from this type of wallets you connect it to your computer via a USB portal. Hardware wallets allow you to send and receive Litecoins with complete security, as all of the important stuff like signing transactions is done offline. These wallets are the most recommended, but they also come at a price (unlike previous wallets I’ve mentioned which are free).

Paper wallets – For maximum security you can use a paper wallet. This means you’ll write down your private key on a piece of paper and store it somewhere safe. There are of course several disadvantages to a paper wallet. First, the piece of paper can get lost, destroyed or stolen. Second, in order to send money from a paper wallet you’ll need a software wallet to import the funds to.


2. Top Litecoin wallets by category

Hardware wallets

Ledger – Ledger supplies a variety of hardware wallets, with the most popular of them being the Nano S. Recently, Ledger’s Nano X was revealed as well as the ability to access the hardware wallet via a mobile app. Ledger allows you to store a wide variety of cryptocurrencies (not just Litecoin). The price of the wallets ranges between $59-$269.

TREZOR – Another well respected hardware wallet manufacturer, TREZOR offers two main models – The TREZOR One and the TREZOR Model T.

TREZOR wallets can also hold additional currencies other than Litecoin, however, they offer a somewhat smaller variety than Ledger’s. TREZOR wallets cost between $80 – $170.

Mobile wallets

Abra – Abra is a relatively new player on the market, giving users the ability to store Litecoins directly on their phone. Additionally, users can invest (without storing the actual coins) in 28 other cryptocurrencies. The wallet is available for both Android and iOS.

Jaxx – Also known as Jaxx Liberty, is a multi platform cryptocurrency wallet that supports Litecoin, Bitcoin and other altcoins as well. Jaxx works on Desktop and mobile (iOS and Android) and is very intuitive and easy to use. Jaxx also allows you to exchange between coins within the app. You can read our full review here.

Coinomi – An Altcoin wallet (over 500 coins and tokens supported) for mobile and desktop that also supports a desktop interface. Coinomi offers an in app exchange between coins. You can read our full Coinomi review here.

Edge – Formerly known as Airbitz, Edge is a simple and easy to use cryptocurrency wallet that supports Litecoin and over a dozen other cryptucurrencies. The app is available for Android and iOS and also features a built in exchange.

Desktop wallets

Exodus – A beautifully designed wallet for Blockchain assets that supports Litecoin, Bitcoin and over a 100 other crypto assets. Exodus features a built in exchange feature to switch between coins as well. Exodus is currently only available for desktop. You can Read our Exodus review here.

Litecoin-QT – A desktop wallet for Litecoin which acts as a full node for Litecoin. This desktop wallet is aimed at “hardcore” Litecoiners that want to verify transactions on their own without relying on 3rd parties. The wallet takes up a lot of space on your computer since it stores the complete Litecoin blockchain. The wallet’s interface is a bit outdated. I suggest using this wallet only if you’re technical enough to understand how it works.

Paper wallets

Liteaddress.org –  a simple service that will generate a Litecoin private key and address for you. You can then print the key and address and safely store Litecoins offline. This service is definitely worth a look if you are looking for a way to easily store Litecoins offline. Read this post to understand how to create a safe paper wallet.


3. Conclusion – Before selecting your Litecoin wallet

Since Litecoin is a very popular cryptocurrency, there are many wallets options available depending on the amount of convenience and security you’re aiming at. Make sure to choose a wallet that is known and respected in the Litecoin community.

Some additional sources of information for beginner’s are the Litecoin subreddit and the Litecoin Wiki. If you have any questions or comments, feel free to leave them in the comment section below.

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. 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.

65
Leave a Reply

avatar
23 Comment threads
42 Thread replies
15 Followers
 
Most reacted comment
Hottest comment thread
32 Comment authors
William LandrethOlegSteven HayDavid JacobsSteven Hay Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Oleg
Guest
Oleg

Hello everyone.

For long-term storage I use cold wallet as Ledger and another currencies (for trading) I keep on market.

For currency exchange I use BestChange website.

They convert USD-BTC-ETH and tons of it in seconds.

I know it’s not safe but I keep your cold wallet without usage and that’s the biggest success for safety.

David Jacobs
Guest
David Jacobs

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

Izik
Guest
Izik

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 https://www.myetherwallet.com 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… Read more »

Maze
Guest
Maze

Hi Steve, wow, respect to you and yourteam for the commitment you´re answering all those questions! thank you! I would be so glad, if you could help me: Itransferred 5 LTC from binance exchange to -what I thought- was my trezor litecoin adress. I definetly did copy and paste the adress on my desktop! But i can´t find those LTC anymore, checking for the transaction online says everything is fine, transa. fulfiled, deposit is untouched. On my trezor i tried all three options (don´t know, segwitt, legacy) but none of them shows the balance, all 0 transactions. My question now… Read more »

MissM
Guest
MissM

What is the most secure but beginner/novice friendly Litecoin wallet?
I have Samourai right now for Bitcoin. But trying to get into Litecoin also.

Sunny
Guest
Sunny

I am using liteaddress.org.
When I go to liteaddress.org from my desktop, it initially generates a public/private key for LTC.
Then I disable my network card (can’t get online now).
Then I press [Generate New Address].
Now I have new LTC public/private keys.
Then I can print this out making a paper wallet.
I believe this is safe way, because the new public/private keys are generated by the Javascript in your browser while OFFLINE.
Then I re-enable my network card.
Please comment if you don’t believe this is THE WAY ;-)

Louis
Guest
Louis

Has anyone used litecoinwallet.info. So far they have processed 4 transactions that were never received by the designated exchange. I feel as if this site isn’t a scam.

Christina
Guest
Christina

I’m not sure I understand. The author cautions against purchasing wallets because they’re cheap, but then says that he uses Litecoin-QT and that it’s free.

I do have a question, though: Is there a secure wallet that I can use to store several different types of currencies? I litecoin, but I’d also like to purchase Ripple, etc. If this exists, which would you recommend?

Many thanks!

Lupe
Guest
Lupe

Hi All, I have been purchasing Litecoin slowly and sending to my Litecoin Core Wallet. From what I’m reading, this is not a secure storage place for the long haul…(?)…and I ‘think’ that I would personally be more comfortable using a device to store off the computer. So, this is definately a newbie question but why couldn’t I just use a large external drive to hold my coins? Why do I have to purchase a special device? Next newbie question, if I did purchase a devise do I still use Litecoin Core Wallet? Or does it go right from Coinbase… Read more »

kamran cheema
Guest
kamran cheema

i need ur suggestion can u tell me which is best online web wallet for litecoin . i want to store them online not in hard wallet can recommend me any like i can store bitcoin in many web wallet like block chain or local bitcoin can u suggest me any for litec