• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    How to Make the Right Decision before Investing in Crypto

    How to Make the Right Decision Before Investing in Crypto

    Decentralized Marketplace

    What are Decentralized Marketplaces?

    Cryptocurrency is Here to Stay

    5 Reasons Why Cryptocurrency Is Here to Stay

    Web3 Pets

    Spotlight on Web3 Pets – Will 2023 Be Their Year?

    Crypto Swapping

    A Definitive Guide on Swapping Cryptocurrency

    crypto casino games

    What Are the Most Profitable Crypto Casino Games?

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Best Litecoin Wallet – The Most Secure Way to Store LTC

Hellen by Hellen
September 5, 2020
in Crypto 101, Wallets

There are many solutions in the market that would meet the needs and the necessities of every investor. The cryptocurrency industry is still growing, and it is very important to properly store the digital assets you own.

In this guide, you will be able to find out about the best Litecoin wallet in the market. In addition to it, you will have the possibility to get information about how to better store your funds.

What Is Litecoin (LTC) and Why Do We Need a Wallet?

LitecoinLitecoin is one of the largest and most popular digital assets in the market. It is the 8th most valuable in the world.

Litecoin is offering many services to cryptocurrency investors, users, and traders. Individuals can use LTC in order to perform cross-border payments or cheap transfers. Indeed, LTC was born as the silver to Bitcoin’s gold. This is due to the fact that Bitcoin is known to be a store of value rather than a means of payment.

Transactions on the LTC network are faster and cheaper than on the BTC blockchain. This is very helpful for those who want to make daily transactions on-chain. In addition to it, Litecoin can work as a second network of Bitcoin. This is going to be very useful to reduce the congestion on the BTC network.

Ledger: The Best Litecoin Wallet

Ledger is considered to be one of the best solutions to store Litecoin and other cryptocurrencies. Ledger is a company located in Paris that produces hardware crypto wallets for users. Two of the most popular products provided by the firm include Ledger Nano S and Ledger Nano X.

Analysts and users consider that cold storage wallets are the best to store digital assets. This is due to the fact that exchanges tend to be hacked and targeted by attackers. It is never recommended to leave the digital assets in an exchange.

Ledger
portswigger.net

Ledger provides the best hardware wallet solutions available in the market. With any of the above-mentioned wallets, users will be sure their LTC are protected at all times. In addition to it, the Ledger Nano X allows individuals to better use their funds in case they want to perform transactions.

Ledger Nano S is the standard solution for traders and investors. If you just want to hold your LTC in a secure way, this is going to be the best solution for you.

Although these are great solutions, it is going to be necessary for users to pay for these wallets. The Ledger Nano S has a price of €58 on the official site. Meanwhile, the Ledger Nano X can be acquired for €116. The main difference is the fact that Ledger Nano X has a more modern design and more functionalities. Indeed, it has a larger screen, and it can be connected via Bluetooth to Ledger Live.

Paper wallets are also a good cold storage solution. This could be useful for those who hold a small amount of LTC and cannot afford a hardware wallet. With this cold wallet, you will have the chance to protect your funds from attacks and hackers. Nonetheless, you will have to protect it against being destroyed or lost.

Exchange Wallets

Exchange wallets
yldeweb.com

Exchange wallets are those solutions provided by exchanges on their trading platforms. Although this may be the most convenient thing for traders, it is not the most secure option. As already mentioned, exchanges tend to get hacked and attacked by malicious parties.

This is why this is not the best option to store your LTC in the long term. At the same time, exchanges can close their services at any moment if they are not known or recognized.

Exchanges are good for traders, but the funds may not be as safe as in other wallets. Remember, you don’t receive the private keys of your wallet in an exchange. The motto says: “not your keys, not your LTC.”

Other Litecoin Wallets

LTC wallet png
bexplus.com

There are several Litecoin wallets in the market that users can download. It is worth taking into account the main differences between them. For example, mobile wallets are going to be the easiest to use.

Individuals can simply make a deposit to their mobile wallets and take their funds wherever they go. This is great for users that make purchases with LTC on a daily or weekly basis. If you are a long term holder, this is not the best solution for you. Indeed, the Ledger Nano line would fit better to you.

Desktop wallets tend to be more secure than mobile wallets. However, they are also subject to attacks from hackers. You must always be careful about phishing scams and other methods from attackers. If your computer gets infected with a virus, it can easily take control of your wallet. In other cases, the virus could simply block some of your documents and request a ransom to be paid in crypto.

Conclusion

There are several Litecoin wallets and solutions that would help you store your funds safely and usefully. For security, cold and hardware wallets are going to be the best options. For usability, hot and desktop wallets will be the best solutions for you. Exchanges will be the choice that traders would make.

Tags: best Litecoin walletbest LTC walletLitecoin walletLTC wallet
Previous Post

Indorse Announces Blockchain Hackathon Tackling Challenges Posed by COVID-19

Next Post

Shielding Cryptocurrency Wallet Assets From Cyber-Attackers

Hellen

Hellen

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

by Hellen
January 18, 2023

Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) are some of the cryptocurrencies widely reported in the media....

Decentralized Marketplace

What are Decentralized Marketplaces?

by Hellen
January 16, 2023

A decentralized marketplace is a network where trade and transactions take place independently and transparently.  This ecosystem offers minimum transaction...

Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

by Hellen
January 11, 2023

Cryptocurrency is changing the way we think about money and the economy. We will explore five reasons why cryptocurrency is...

Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

by Hellen
January 10, 2023

Web3 pets have come to revolutionize the idea of owning a pet while bringing color, fun, and possibly some crypto...

Crypto Swapping

A Definitive Guide on Swapping Cryptocurrency

by Hellen
December 21, 2022

If you’re new to crypto or have heard about swapping but don’t know how to do it, this definitive guide...

crypto casino games

What Are the Most Profitable Crypto Casino Games?

by Hellen
December 8, 2022

In this article, we will talk about what crypto casinos are, how they work, and what are some of the...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

January 18, 2023
Decentralized Marketplace

What are Decentralized Marketplaces?

January 16, 2023
Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

January 11, 2023
Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

January 10, 2023
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.