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The standard version can store over 1,000 different cryptocurrencies and offers backup security protection through desktop or mobile. The advanced touchscreen version runs entirely on the device and can store more than 1,800 compatible coins. A hardware wallet provides higher-security storage by keeping your assets offline and can store thousands of cryptocurrencies. This way you can easily make the best Litecoin paper wallet to store your Litecoin cryptocurrency safely. This is also one of the cheapest way to make Litecoin cold wallet but I will not recommend this method of LTC storage for everyone.
But let’s admit it, it’s never too late to refresh the memory. Another safe place for your cryptocurrency storage, in general, and Litecoin (LTC) in particular is Trezor. A small portable device reveals an intuitive design and a highly secure way to store LTC. Remember that Litecoin paper wallets have their issues, and they are not perfect.
How to Create a Litecoin Paper Wallet Beginner’s Guide
The application is available for three major operating systems – Windows, macOS, and Linux. It can’t be viewed as an absolute hard or soft Bitcoin’s fork due to certain characteristics, yet its code is definitely a fork of BTC. Litecoin (LTC) is currently ranked as number seven global cryptocurrency in terms of market capitalization (according to coinmarketcap). The LTC cryptocurrency is recognizable outside the crypto industry and continues to gain momentum.
Assets are obviously less liquid with an offline Litecoin wallet as you will need to connect it up to an interface every time you want to buy Litecoin, sell Litecoinor trade the asset. Therefore, typically, cold wallets are for storing larger amounts of money for a longer amount of time. There are no security features such as 2FA in place, creating a potential vulnerability. Users cannot store fiat currencies like pounds or euros in wallets like Exodus, nor can they spend crypto on real products using the app. This wallet is an all-in-one solution that allows you to store, trade, and even spend Litecoin. You can order a crypto card to connect your LTC funds and spend them in stores or online, as well as pay bills in digital currency or make bank transfers using a custom IBAN.
Litecoin Paper Wallet Generator
Because you most likely don’t have access to the wallet you used to generate your paper wallet from, the remaining LTC will be lost because you don’t have access to the change addresses. Exodus is another hot wallet that supports buying, trading and staking directly from its platform. Its tools include a mobile app, a desktop app and a browser extension, plus integration with the Trezor cold wallet to help users move their crypto from hot to cold storage. Litecoin can be kept in a “hot” software wallet connected to the internet on your computer or phone or a “cold” hardware wallet that can keep your information fully offline. Users can also turn to Litecoin-specific software developed by the cryptocurrency’s boosters. 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.
- To duplicate or BIP38-encrypt any paper wallet, just validate its private key and click the “Use these details to print a paper wallet” button.
- All data kept on the user’s device or transmitted during a transaction is entirely encrypted.
- You may skip this step if you do not plan to use the random key generator.
- One of the websites you can use to start a Litecoin paper wallet is liteaddress.org.
- Individuals that keep their funds for a short time in a paper wallet may realize that they would be uncomfortable.
Multiple LTC wallet providers, including Atomic Litecoin Wallet, support Litecoin (LTC). In Atomic Litecoin Wallet, you can send, and receive Litecoin, exchange LTC coins, buy Crypto with your bank card, and manage dozens of other crypto assets. Atomic Crypto Wallet provides the best safe storage to manage, send, exchange, and buy LTC. You can download the Atomic Litecoin wallet for mobile phones at Google Play market and the iOS version at AppStore. So your paper wallet private key is never loaded into the wallet.
Why is Litecoin (LTC) so appealing?
By using paper wallets, it is easy to get exposed and not even realize that your funds are compromised. In past paper wallet users have lost their funds just because someone was able to click a picture of their paper wallet. You can either keep your LTC there, or send it to another LTC wallet. Depending on how you generated your LTC, it may be important to spend the entire balance in your paper wallet. You can generate the QR code yourself by using a tool called an “off-line QR Code Generator” which is a google chrome plug-in. Simply copy paste your private key or seed key into the app while your internet is not connected.
- It also offers 2-factor authentication when crypto holdings are being used online.
- That’s why today we are going to talk extensively about Litecoin paper wallets and see how you can make one for yourself to store your Litecoin (LTC).
- While most don’t use or make paper wallets anymore, it’s valuable to know why.
- Your ready to use it for donating to charity or buying things know your countries laws or policy before doing so.
- A process that will save you money and is probably more secure than hardware wallets.
- Similarly, if you hold your private key, as is with a non-custodial wallet, then if you lose it you could be locked out of your crypto wallet.
We kindly remind you that before trusting your LTC or other funds to any digital wallet, do not forget to do your own research. All the LTC wallets collected above have a decent reputation https://www.tokenexus.com/ and provide flawless service. We hope our readers can find the perfect digital wallet to store LTC in 2020, as it seems Litecoin is aiming to strengthen its positions.
However, since it is a hot wallet, users may prefer to use it for significant sums of litecoin. The wallet is available in a wide variety of desktop formats, including Windows, litecoin paper wallet Linux, and MacOS. This appeals to desktop users looking to store funds on computer wallets. If you lose or damage the device, you’ll need the seed phrase key stored safely.