Litecoin has long been regarded as the silver of the cryptocurrency world in relation to Bitcoin's gold. Understanding this importance alone, you might then be very curious to know more about the best Litecoin wallet in order to store your precious silver coins. Litecoin's ultimate goal has always been fairly simple: making cryptocurrencies more usable as everyday ‘currencies.'
This means designing cryptocurrencies that are private, secure, reliable, and can conduct any form of transactions or payments seamlessly, with rapid processing times and low fees. So far, it's surprising how impractical many cryptocurrencies can be when it comes to behaving like actual ‘currencies,' as in the paper dollars that we carry every day. Indeed, Litecoin is aiming to change all that with its LTC tokens.
Litecoin is an accepted means of payment with over 2,000 unique merchants, businesses, and stores worldwide. The problem now, then, is how do you secure your priceless Litecoin? We've read by now how billions of dollars worth of cryptocurrencies have been stolen every year through malicious cybertheft and hacking campaigns. So, read our best Litecoin wallet review to find the best wallets to lock down your LTC tokens.
Best Litecoin Wallet Comparison Table
|Ledger Nano X||Rating: 5 |
|Coinbase||Rating: 5 |
|Exodus Wallet||Rating: 5 |
|Trust Wallet||Rating: 5 |
|Coinomi||Rating: 5 |
Best Litecoin Wallet Reviews
1. Exodus Wallet
The first candidate in our best Litecoin wallet is Exodus, the most popular and positively acclaimed dedicated wallet application within the cryptocurrency community. The Exodus Wallet is a purely software-based wallet application, made handily available as an app on either Android or iOS. But Exodus is best used in its fullest form, as a feature-packed desktop client, for Windows, macOS, or Linux.
However, unlike most software cryptocurrency wallets, Exodus has adopted an easy built-in integration for synching token holdings with a hardware wallet, courtesy of Trezor. You can then easily use the Exodus desktop wallet client to browse through and transfer assets such as Litecoin's LTC tokens between Exodus and the hardened Trezor Wallet for added security. This is akin to transferring money into a vault.
The Exodus has a smaller basket of supported cryptocurrencies compared to some other wallets, with only 125 different assets, including Litecoin and its LTC tokens. However, it makes up for it with its incredible usability. Exodus is highly favored among cryptocurrency enthusiasts owing to its ease of use, fluid and seamless animations and colorful iconography.
It wasn't long ago that cryptocurrency wallets were often clunky or hard to get used to. This is especially difficult for novices or casual cryptocurrency holders. Exodus has been able to beautify its wallet without sacrificing core functionality, nor have they forgone with security and versatility. Moreover, you can do a lot more on Exodus than just storing cryptocurrency tokens and monitor them.
You can easily buy, sell, exchange, and send cryptocurrencies using its app. Exodus has recently announced the launch of a new third-party app launcher, where platforms can bake in services directly into the wallet. As of writing this best Litecoin wallet review, you can stake your tokens on Compound Finance through the wallet or use Exodus's own staking platform, where you can earn upwards of 9% yearly.
2. Ledger Wallet
It has been proven to be far more secure to store your cryptocurrencies in hardware or ‘cold' wallets. This is since cold wallets are often kept offline, and not connected via the internet, thus removing a potential avenue for hackers to try and steal your digital tokens. This makes hardware wallets harder to break into, but they can also be much more of a hassle to use and set up.
Ledger is among the hardware cryptocurrency wallet space leaders, and they want to help make this barrier easier to cross. They offer not just one but two different wallets – the Ledger Nano S ($59.00) and Nano X ($119.00). You can interface through the wallet using the Ledger Live software, made available on Windows, macOS, and Linux, or manage your wallet on-the-go with its iOS and Android apps.
At the time of writing this best Litecoin wallet review, the Ledger wallet supports 27 major cryptocurrency tokens, including Litecoin's LTC. However, it also supports more than 1,500 other smaller tokens and other forms of digital assets. But as with many other wallet applications nowadays, Ledger is more than just a storage medium. The Ledger Live application enables other services to be made available to you.
You can purchase tokens, such as Litecoin, or use its built-in exchange to swap them for another cryptocurrency. Like Exodus, Ledger has also partnered with Compound Finance to offer some decentralized finance (DeFi) services to be accessed quite simply from its wallet. Here, you can use Compound's integration to stake or lend your cryptocurrencies to earn passive rewards.
As far as the physical wallet is concerned, Ledger's hardware is compact and beautifully machined with a brushed stainless steel finish. For added robustness, Ledger has even built its own proprietary operating system for the wallet, along with an integrated chip for optimal performance. The Nano X wallet also has Bluetooth, so you can quickly pair it with the Ledger Live app on your phone for quick and easy access.
3. Trust Wallet
The Trust Wallet is owned by Binance, which at the time of writing this best Litecoin wallet guide, is by far the world's largest cryptocurrency exchange by trading volume. The Trust Wallet has since been the official wallet application recommended by Binance and has taken advantage of Binance's large userbase, expansive blockchain ecosystem, and corporate reach.
The Trust Wallet has even been integrated with Binance's smart-contracts compatible Binance Smart Chain. As a result, the Trust Wallet is among the most popular and well-liked wallet applications among cryptocurrency holders. Currently, more than 5 million people worldwide are using Trust Wallet. Compared to the previous two options, however, Trust Wallet is solely a mobile-only affair.
The application is made available on both iOS and Android – where both apps have seen very positive reviews. It's worth noting that just like all the other wallets here, Trust Wallet is non-custodial, meaning that Trust doesn't have access or custody over your tokens. All the private keys, and the digital assets themselves, such as your cryptocurrencies, are held on your device only.
The Trust Wallet application also offers easy options for purchasing select cryptocurrencies, such as Litecoin's LTC tokens, using your credit or debit card (VISA, or Mastercard). You can then use the Trust Wallet to share, exchange, and send your tokens such as LTC with other users around the world. You could alternatively choose to stake your cryptocurrency tokens using Trust Wallet.
Currently, the Binance Smart Chain powered PancakeSwap offers up to 220% yields annually for staking. Trust Wallet has support for more than 160,000 different cryptocurrency tokens and various other digital assets. This includes non-fungible tokens or NFTs. NFTs are tokenized assets that have certified proof of authenticity and ownership, such as artwork, memorabilia, collectibles, gaming items, and more.
The Trust Wallet application is also a Web3-compatible browser. This means that you can easily use the wallet itself to securely and seamlessly browse through a variety of different decentralized applications (dApps) that have been built on the Ethereum or Binance blockchains. You can do all this without ever leaving the wallet app on your phone.
4. Coinbase Wallet
Coinbase is among the most trusted and popular names in the cryptocurrency sphere. They have since been well known for their exchange services and brokerage terminals, along with massive institutional investor support. However, their roots can be traced back to the creation of their original wallet application as a place to securely store your cryptocurrency tokens.
Just like Trust, the Coinbase Wallet is made available only on mobile, through its highly-rated apps on both Android and iOS. One major advantage with Coinbase's wallet is its easy integration with the highly liquid exchange side of Coinbase, making the exchanging of tokens fairly easy. However, Coinbase's wallet doesn't just support standalone cryptocurrency tokens.
At the time of writing this best Litecoin wallet guide, Coinbase's wallet supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin's LTC, Ethereum Classic, and support for cryptocurrencies that have been minted as an ERC-20 token. However, and just like Trust, Coinbase also offers storage for digital collectibles, such as NFTs, that are tokenized under Ethereum's popular ERC-721 standard.
Through the Coinbase wallet, you can very conveniently share and send cryptocurrency tokens to anyone around the world. For fellow Coinbase users, you can choose to send cryptocurrencies to their usernames, much like PayPal uses email, instead of having to rely on long and complex addresses. This makes the process of handling cryptocurrencies easier, especially for first-time users.
The Coinbase wallet can also enable you to browse through select decentralized applications (dApps), such as decentralized exchanges, NFT marketplaces, social networks, and more through the app. One big advantage of using Coinbase's wallet is being able to use it for making payments, such as using Litecoin, powered by Coinbase's Commerce payments solution, integrated with more than 8,000 merchants worldwide.
5. Coinomi Wallet
Coinomi has the recognition of being among the earliest and oldest cryptocurrency wallets around. It has been operating non-stop since 2014. Coinomi has also taken pride in the fact that since then, their wallet has never been hacked, nor has any Coinomi Wallet user lost their funds. Its robust security and commitment to maximal user privacy is a model for the rest of the cryptocurrency community to follow.
Coinomi's wallet application is made available on desktop, with wide compatibility for Windows, macOS, and Linux. It is also made available for download as a mobile app on Android and iOS. Coinomi has continued to pursue a very progressive approach with their wallet, including the inclusion of innovative solutions and key technologies to improve the ownership experience of a cryptocurrency wallet.
One of them is the adoption of the Segregated Witness (SegWit) protocol directly into their wallet platform. This has the result of improved security while also speeding up confirmation times and lowering fees when sending or receiving cryptocurrency tokens, such as Litecoin's LTC. Coinomi's wallet also has one of the largest compatibility by far among cryptocurrency wallets.
Coinomi supports secure storage for more than 1,770 different cryptocurrencies, and other digitalized assets, running on more than 125 unique blockchain networks. Among the assets supported on Coinomi's wallet are NFTs. It also carries over some other features found in its competing software wallets, such as the Trust and Coinbase cryptocurrency wallets.
Partnered with Simplex, Coinomi allows you to easily make purchases of select cryptocurrencies, such as Litecoin, using a credit or debit card straight from the wallet. You could also convert your tokens into gift cards. Alternatively, you can stake your cryptocurrencies through Coinomi to earn passive rewards. Moreover, the wallet itself is a Web3 compatible browser, allowing you seamless access to browse through dApps.
Best Litecoin Wallet, Conclusion
We've now come to the conclusion of our best Litecoin wallet overview, and we have five contenders to choose from. Each of them has their own distinct advantages and flaws, including unique features and services to improve the quality of life while managing a cryptocurrency wallet. These wallets are far more than just storage for your Litecoin, as they can offer so many ways you can use your LTC tokens while it's being locked away.
Therefore, all of them are very good options. But naturally, we're obliged to narrow down the winner's list to the very top of the range and award a crown for the very best Litecoin wallet. And our winner for today is the Exodus Wallet. They've earned it, not only for its slick and pleasing user interface but also as it's jampacked with features. Moreover, it offers easy integration with a Trezor hardware wallet for Fort Knox-like security.
For the runner-up of the best Litecoin wallet, we've chosen Coinbase. Their wallet is extremely simple to use, impactful and has easy support for payments. That is a very big bonus in our eyes, as being able to easily tap and pay for the little things, like getting a cup of coffee, or shopping for groceries is the very reason why Litecoin was invented in the first place. Perhaps then, this is a match made in cryptographically-secured heaven.