Best 6 Litecoin (LTC) Wallets – Top Picks for 2023

There is a growing belief that proof-of-work cryptocurrencies like Litecoin (LTC) will rally over the next months as the most awaited Bitcoin halving event nears. If you wish to purchase and hold Litecoin, you will need a reliable crypto wallet. There are several factors to keep in mind when selecting a wallet, such as security and the ease of using it.

We will explore the top wallets to store your Litecoin tokens in this guide. But first, let’s get to know more about LTC.

Understanding Litecoin

Launched in 2011, Litecoin is a fork of the oldest cryptocurrency Bitcoin. The token was introduced to facilitate P2P (peer-to-peer) payments and compete with BTC. However, it has yet to witness significant adoption, like Bitcoin. As of this writing, Litecoin trades at $62.64, and there are 73.6 million LTC tokens in circulation, according to data from CoinGecko.

Top LTC Wallets

Here are the leading crypto wallets for storing LTC tokens.

LiteWallet

This is Litecoin’s official wallet. The Litecoin Foundation created LiteWallet. To start storing, sending, and receiving LTC, you will need to verify your account. For security purposes, LiteWallet provides each user with a passphrase, which can block unauthorized parties from accessing your wallet when you don’t share it.

Within LiteWallet, you can easily monitor the prices of the crypto assets that you hold. Moreover, the wallet’s code is open source, allowing developers to assess it and report vulnerabilities.

Trust Wallet

Novice crypto investors will find Trust Wallet perfect, as it offers a simple user interface that anyone can easily understand and use. Besides LTC, Trust Wallet allows users to hold over 4 million other crypto assets. Additionally, it supports 64 blockchains.

Downloading the wallet is free. However, all transactions, including in-app token swaps, attract a fee. Like Litecoin wallet, Trust Wallet has an open-sourced code.

Exodus

Another reliable hot wallet to store your Litecoin is Exodus. The non-custodial wallet is compatible with several operating systems, including Windows, Android, and MacOS. Further, the wallet has a wide range of educational materials to help beginner traders learn and understand blockchain technology.

Besides LTC, Exodus supports the storage of 950 other digital assets. You can use its in-app exchange to swap one token to another. Moreover, you don’t need to complete a verification process to access Exodus’ services.

Trezor

If you prefer a hardware wallet to store Litecoin tokens, try Trezor. With over a decade in the crypto industry, the wallet offers users top-notch security and a beginner-friendly user interface. To buy LTC and other supported cryptocurrencies, you need to download the Trezor Wallet app. This app also allows you to swap tokens at minimal fees.

Trezor wallet comes with a considerably big touchscreen, letting users review Litecoin addresses and input their PINs.

Guarda Wallet

Guarda Wallet developers prioritize security, making the crypto wallet highly secure. Its features let novice and experienced users efficiently manage their crypto assets. What makes Guarda Wallet a preffered option for storing Litecoin is its excellent customer service. Also, it is a multi-asset wallet supporting LTC and 500 other cryptocurrencies.

A major downside of Guarda Wallet is that its code is closed-source, making it impossible for external developers to audit and detect vulnerabilities.

Atomic Wallet

Atomic Wallet is non-custodial, meaning users hold private keys. It is compatible with Android, iOS, and Windows operating systems. The wallet also has an easy-to-understand user interface, making it easy for all types of investors to use it to store Litecoin. Atomic Wallet users can secure their crypto holdings using a PIN or a password.

Further, Know-Your-Customer details are not required to start using the wallet. You can even transact anonymously through the CoinJoin feature.

Atomic Wallet users don’t need external exchanges to swap tokens, as there is an in-app swapping platform.

Final Thoughts

As you can see, there are multiple options for storing, receiving, and sending your Litecoin tokens. If you want to store your crypto assets offline, choose Trezor. However, regardless of the wallet you pick, it is advisable to research Litecoin to determine if it is the right investment for you before buying it.

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