But nowadays you have secure and safe paper wallet alternatives like Ledger Nano X and Trezor that support Litecoin like currencies. That’s why we think hardware wallets are a better option than paper wallets. Trezor has a small OLED screen that shows a randomly generated nine-digit pin code every time you want to access it. There is also a 24-word recovery seed to keep your funds safe in an offline environment. In the realm of digital currencies, Litecoin stands as a premier altcoin with a consistent presence in the top 5 cryptocurrencies worldwide. As such, the demand for secure and efficient Litecoin wallets is on the rise.

• They provide a convenient way to manage, send, and receive cryptocurrencies like Litecoin directly from a mobile device.
• Deciding what kind of crypto wallet works for you can be confusing, especially if you’re new to the world of crypto.
• A paper wallet is a physical document that contains the private key and public address for accessing a cryptocurrency like Litecoin.
• And let’s get to the number 1 rule in how to create a paper wallet.
• That’s because paper wallets are for experts, if you don’t understand the significance of private keys and don’t know how to keep paper wallets secure then probably this is not for you.

Some wallets are free, while other wallets charge fees for various transactions. Also, you should pay close attention to any transaction fees, as they can add up very quickly. This is where advanced and up-to-date https://www.tokenexus.com/ antivirus software will hold you in good stead. While the above should give you a good idea of what wallets to get, it is important to make sure that you are following all the correct wallet security protocols.

How To Get Litecoin Account

Among other currencies, Guarda Web Wallet supports Bitcoin,Bitcoin Gold, Ethereum (+ERC20 tokens), Ethereum Classic, Zcash, XMRetc. This wallet needs to be configured when it is used for the very first time. You need to set a password (Private Key) and then you will get a 24-word phrase (Seed Key). This Seed Key will be required if you forget your Password, which means that you need to store this Seed Key safely. There will be no way to access your wallet ever again if you lose this Seed Key.

One downside that has continually been pointed out is the lack of support for 2-factor authentication. While software based Litecoin wallets are free, the Nano comes with a $79 price tag. If you value security that shouldn’t be enough to litecoin paper wallet prevent you from getting your own Ledger. There are a number of things that you need to consider when you are choosing a Litecoin wallet. These include factors such as security, support, ease of use segregated witness (SegWit) support.

What are paper wallets?

Remember that you must keep the wallet protected and in a safe place. Moreover, it is always a good practice to keep the private key in different places in case you lose it. If you search on the internet, try to look for recommendations, recognized websites, and who supports them. Understanding whether the Litecoin paper wallet generator is genuine or not is pretty hard. This is why you will need analytical skills and realize whether the site is trustworthy or not.

• It also allows you to restore your funds by using a 12-word backup seed key.
• Being so long in the market naturally develops enough infrastructure, and that’s what has happened with Litecoin too.
• Unlike Hardware Wallets, Litecoin Paper Wallet is one of the safest and cheapest ways to store your Litecoins offline.
• However, they are still vulnerable to malware and hacking if the computer itself becomes compromised.
• Mobile wallets are cryptocurrency wallets designed to be used on smartphones and tablets.
• Lastly, we also believe that paper wallets were a thing of the past when there was no sufficient infrastructure or alternatives to store your cryptocurrencies.