Litecoin has always branded itself as the digital silver to Bitcoin’s digital gold. Bitcoin has been seen by the Litecoin community as the dominant, most secure blockchain, with a rarer supply used for long term value storage and large economic transactions while Litecoin would be of great use for smaller, faster payments. Litecoin is one such crypto that many are looking to buy and store in a user-friendly digital wallet that doesn’t require too much tech knowledge to get started. What Is Litecoin? More than any other cryptocurrency, litecoin has aspired to become a practical means for value transfer in the 21st century. Wallets that are HD, have a master key seed, from which an unlimited amount of key pairs can be created for transactions. Such representatives here are Litecoin Core, CoinSpace, Exodus, etc.

The wallet is very simple to use for newcomers and it will provide flexibility and all the necessary services to users that want to hold Litecoin in a cryptocurrency wallet. The main difference with hardware wallets is that it may not be as secure as Ledger Nano S or Trezor.

WLX is an online Litecoin wallet. However, it’s not just an ordinary wallet app for your LTC. It supports other cryptocurrencies and even some popular fiat currencies.

However, in this article, we’re going to look at WLX mainly as a wallet for Litecoin. We’ll explore some of the features that make it stand out from the crowd. By the end of this article, you’ll understand why WLX is the best LTC wallet out there.

But before that, let’s discuss what Litecoin actually is and how you can store it in online wallets. Read on!

What Is Litecoin?

Litecoin is a type of digital currency, also known as cryptocurrency. The origins of Litecoin are actually related to Bitcoin. Let’s go back to 2011 — the year LTC came to be.

On October 7, 2011, former Google developer Charlie Lee decided that Bitcoin deserved an alternative. That’s why he released a client on GitHub, which was open-source and was the basis for the Litecoin network.

Back in the day, Bitcoin was only gaining popularity, but it was nowhere near the popularity achieved in 2017. Nevertheless, Lee foresaw that cryptos would experience a boom and he wanted to offer a valuable alternative.

So — how is it actually different from Bitcoin? Well, LTC offers faster transaction times and is much more convenient to use. It is based on a different algorithm for hashing and the block generation time is significantly decreased.

According to CoinMarketCap, Litecoin is still one of the most popular cryptocurrencies in the world. Although it’s still not as popular as BTC, it’s definitely a valid candidate to overtake the throne, next to XRP, ETH, and other popular cryptos.

What else makes it different from Bitcoin is that it’s cheaper. At the time of writing this text, a single unit of LTC is about $50, whereas BTC is priced at over $9,000.

There are thousands of people out there who opt for LTC either to shop with it or use it for cryptocurrency trading. Just like Bitcoin, Litecoin also needs to be held somewhere. That’s why you need a proper LTC wallet online that would make your coins safely stored.

What Is a Litecoin Wallet?

Why do we need wallets in the first place? What’s their purpose?

In the world of paper money, wallets are there to help us organize those little pieces of paper and have quick access to our credit cards. But the wallet Litecoin owners use is a bit different.

Its primary function is similar to those wallets that we’re so used to — it stores money. Yet, that’s just one of the many possibilities that a good Litecoin wallet online offers.

Besides storing money, an LTC wallet will also help you send and receive cryptocurrency. Since LTC is transferred with no intermediaries (P2P), you can basically make transactions using a very simple process.

How the Best Litecoin Wallet Works

If you want to send money, you need a Litecoin wallet address of the recipient. While you’re using your wallet app, you need to enter the amount you wish to send, in addition to the recipient’s LTC wallet address.

You also get an address of your own. This address looks like nothing you’ve ever seen before. It’s usually just a string of random digits and letters. Yet, this is very important as other LTC owners will use this address to send money directly to you.

How to Open the Best Litecoin Wallet on WLX

Opening a Litecoin wallet online account is a fairly simple procedure that will only take a couple of minutes. Just follow these simple steps, and you’ll be able to store LTC very soon.

1. Download the app — download the installation client to your device.
2. Install the wallet — use the installation wizard to install the program. It’s a very straightforward process that is similar to every other installation you make.
3. Enter your phone number — enter your phone number and you’ll receive a verification code that will help you verify and secure your account.
4. Enter your passcode — passcode is something that you should create and remember at all costs. It will help you access your wallet for Litecoin.
5. Enter personal details — to ensure that your LTC wallet is safe you should enter some of the personal details as requested. Your personal data is protected with state-of-the-art technology.

Safety & Security: The Essential Features of Every Wallet for Litecoin

When you want to store your money in a bank or a wallet, what’s the first thing you’re looking for? Probably everyone agrees that “safety and security” would be the right answer to that.

In other words, ever since the concept of money was created, people were looking for a way to ensure their funds don’t get stolen. This technology has been upgraded with time. Vaults equipped with laser protection may still be the most popular way to ensure security, but it seems that cryptocurrencies found something better.

Apart from using decentralized technology, Litecoin and many other cryptocurrencies are usually stored in safe wallets. Naturally, some wallets are safer than others, and you want to aim for the best LTC wallet that pays a lot of attention to security.

This is where WLX comes into play.

First of all, you should know that encryption plays a very important role in WLX. Everything you do and all the transactions you make in LTC are entirely encrypted and cannot be accessed by cyberattackers.

Being software that deals with money, WLX online Litecoin wallet is subject to frequent audits — both internal and external. That way, it is ensured that all operations are in order and that there are no illegal activities taking place.

The overall security is tested in various ways. Yet the best LTC wallet security is achieved with penetration testing. Essentially, all kinds of possible cyberattacks are simulated to see whether there are flaws in security, which, if found, are fixed immediately.

This way, proactive security is achieved. The WLX team can anticipate cyberattacks before they actually take place and prepare for them, making sure that your Litecoin balance is not damaged in the process.

The Anonymity of Transactions Are Important for Every Best LTC Wallet

Litecoin, as well as it’s big brother Bitcoin, was made with anonymity in mind. In fact, almost all transactions that are made in cryptos do not reveal any personal information about senders or recipients.

The WLX wallet can definitely be described as a reliable wallet, above all. Therefore, once you use this LTC wallet online to make a transaction, you can rest assured that none of your sensitive data would be revealed.

WLX Isn’t Only the LTC Wallet — You Can Store Other Cryptos Too!

WLX is undeniably the best wallet for Litecoin, but LTC is not the only cryptocurrency you can store here. This is the ultimate wallet for all popular cryptocurrencies at the moment.

Therefore, aside from storing your LTC, you will also be able to store BTC, ETH, and even XRP. All of these cryptos are actually subject to the same security measures that we described in this text, so you can rest assured that they are safe and sound with WLX.

WLX also has the attributes of a standard e-wallet. This means that you are able to store fiat currencies apart from the crypto ones. In other words, you will be able to store the good old American dollars, as well as British pounds and Euros. The safety mechanisms are just as active with fiat as they are with crypto, except that the total anonymity is not possible when you send and receive fiat currencies.

Finally, WLX is not just a wallet, but it can work as a sort of currency exchange. In other words, you can use this piece of software to manage your money however you see fit. Make sure to explore this option once you open an account and fill your balance with LTC or any other of the currencies that are accepted.

Conclusion

To sum up, WLX is the best Litecoin wallet for all LTC owners who are looking for top-notch security. It’s easy to install and use, as it takes only a couple of minutes to set up your account and begin using the services.

Apart from being a wallet for Litecoin, it is also available for several other cryptos and fiat currencies. So, those willing to store several types of money in one place can have the biggest benefit.

Litecoin (LTC) is one of the most popular cryptocurrencies in the market and it has been thought as a digital asset for processing payments in a fast and cheap way. Being one of the oldest digital currencies in the market, users have the possibility to choose among a wide variety of Litecoin wallets.

Best Litecoin Wallets for your LTC Cryptocurrency

After purchasing Litecoin in a cryptocurrency exchange, the best thing to do is storing it in a cryptocurrency wallet. These wallets would allow you to safely hold your digital assets and use them at any moment.

What Wallet To Use For Litecoin Money

1. Ledger Nano S

• Website: https://www.ledger.com/products/ledger-nano-s
• Type: Hardware Litecoin Wallet
• Ease of use: Simple, but not easy for new users
• Security: Highly safe
• Cost: Paid

Ledger Nano S is one of the most popular hardware wallets in the market. The hardware wallet is certainly the best to protect users’ funds. Why? Because it stores the private keys in an almost unbreakable environment that protects users’ against hacks and third-party attacks.

Holding funds in exchanges has been one of the worst decisions ever taken by crypto investors. Even the most popular and secure exchanges were hacked, with just a few exceptions. This is why it is very important to hold the funds in separated wallets.

The Ledger Nano S allows users to send, receive and hold virtual currencies through a hardware device that can be stored at home or in any desired place. Even if the device is destroyed or if it gets lost, users’ funds will be safely protected.

The wallet has a built-in screen, a secure lockable chip and backup recovery phrase that would help users recover their funds in case the wallet is lost. It is possible to store, not only Litecoin but also many other digital currencies in the market. This is good for investors that have a larger number of virtual currencies on their portfolios and want to handle all of them from the same place.

As mentioned before, to acquire this hardware wallet it is necessary to pay for it a small sum of money, close to $60.

2. Atomic Wallet

• Website: https://atomicwallet.io/
• Type: Desktop Litecoin Wallet
• Ease of use: Simple
• Security: Safe
• Cost: Free

Atomic Wallet is one of the most popular desktop wallets in the market. Litecoin investors can easily store and manage their LTC coins through this desktop wallet that is built with security, anonymity and decentralization in mind.

Users can hold their private keys that are held on the computer. It is also possible to make swaps between currencies, which allows investors to avoid using exchanges. Some of the virtual currencies supported by this wallet include Bitcoin (BTC), Litecoin, Ethereum (ETH), Monero (XMR) and many others.

The main feature of this wallet is that it offers the possibility to process atomic swaps. It is not necessary for individuals to depend on a centralized crypto exchange anymore to exchange Litecoin for other digital assets.

It is possible to download Atomic Wallet for free. However, some services are paid, including the possibility to purchase digital assets directly from the wallet. They have high commissions for investors that want to buy these digital assets directly through the wallet.

If you hold Litecoin here, you need to be sure that your desktop computer is protected against viruses and that nobody has access to the private keys stored more than yourself.

3. Guarda Wallet

• Website: https://guarda.co/
• Type: Mobile, Desktop Litecoin Wallet
• Ease of use: Simple
• Security: Safe
• Cost: Free

Guarda wallet is one of the most advanced and innovative mobile and desktop Litecoin wallets. This wallet allows you to hold different virtual currencies in just one place. This provides you with better control of your funds and Litecoin support. The wallet is available in different languages for users from all over the world, including English, French, Spanish, Polish, German and Italian, among others.

Using this non-custodial and multiplatform wallet you can send, buy, exchange and receive digital currencies in just one place. Users can download this digital currency wallet for iOS devices or through Google Play. At the same time, you will be able to store Litecoin not only on your mobile phone but also on your computer, if you have a Mac OS device.

This is not only a Litecoin wallet, as they offer support for many other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, or Binance Coin (BNB), among others. Guarda has also collaborated with different crypto-related foundations including Ethereum Classic (ETC), Zcash (ZEC), Binance, and Bitcoin Gold (BTG).

All these projects consider that the wallet provides users with a valuable tool to store digital currencies and help users have a more user-friendly experience.

4. Trezor

• Website: https://shop.trezor.io/
• Type: Hardware
• Ease of use: Simple, but not easy for new users
• Security: Highly safe
• Cost: Paid

This is another option for users that want to use a hardware Litecoin wallet. Trezor is one of the main competitors of Ledger Nano S and it was developed by Satoshi Labs, a company located in the Czech Republic. This hardware wallet supports a wide variety of digital currencies, including Litecoin.

By holding the private keys offline, users can be sure that their funds are protected against attacks and other third-party hacks. Using the Trezor Bridge, the wallet gets connected to the selected browser for users to receive or send funds.

This is one of the most secure wallets to store digital currencies in the market alongside Ledger Nano S. It is worth pointing out that it is simple to use to users that have basic knowledge about digital currencies. The wallet has a price of around €99.

5. Trust Wallet

• Website: https://trustwallet.com/litecoin-wallet
• Type: Mobile
• Ease of use: Simple
• Security: Safe
• Cost: Free

Litecoin users can also download one of the most simple wallets to use in the market, Trust Wallet. It is possible to deposit, send and hold LTC and other digital currencies with Trust Wallet in just simple steps.

What Wallet To Use For Litecoin Credit Card

Trust wallet has also decided to embrace Segregated Witness (SegWit) in order to help individuals in the crypto market have the latest technological innovations in the space. The wallet is very simple to use for newcomers and it will provide flexibility and all the necessary services to users that want to hold Litecoin in a cryptocurrency wallet.

The main difference with hardware wallets is that it may not be as secure as Ledger Nano S or Trezor. Nonetheless, it is much more secure to hold funds in an online Litecoin wallet such as Trust Wallet than on an exchange that can be hacked at any moment.

6 Exodus Wallet

• Website: https://trustwallet.com/litecoin-wallet
• Type: Desktop
• Ease of use: Simple
• Security: Safe
• Cost: Free

Exodus is also another recognized cryptocurrency wallet that would allow Litecoin holders to store, send, and receive LTC coins in a fast and easy way. Exodus is a crypto wallet launched in 2016 that helps users deal with a large number of virtual currencies.

Using the desktop Litecoin wallet would allow investors to hold LTC cryptocurrency and other digital assets in the same place. In this way, it would not be necessary for the investor to use different wallets according to the crypto it wants to hold.

The wallet has a very easy to use user interface which is perfect for new users and it will help advanced users to feel comfortable while holding their LTC coins.

Buy LTC For Your Litecoin Wallets

Now that you know how Litecoin wallets work and you have a choice, you should cosider to if you want to buy Litecoin cryptocurrency for your portfolio.

If you are interested in investing in Litecoin, you can read our Litecoin price prediction article and learn more about this cryptocurrency in our Litecoin guide.

How To Get Wallet For Bitcoin

Conclusion

What Wallet To Use For Litecoin Cash

Security is the highest priority when dealing with cryptocurrency. It is not only about buying or mining a certain coin. You will need to pick up the best wallet to keep your coins safely. Note that highly safe Litecoin wallets are paid. So, choose wisely when you pick up between security and price, because saving a dollar can sometimes cost you fortune.