Best Litecoin Wallets

The 5 best software wallets for managing your Litecoin

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Litecoin (LTC) was one of the earliest altcoins and is one of the few that has stood the test of time to remain a popular digital currency today. To invest in Litecoin, crypto investors require a Litecoin wallet that provides a high level of security, an easy-to-use interface, and the ability to seamlessly store, send, and receive the cryptocurrency. 

Discover a list of popular cryptocurrency wallets to help you choose which one is the best Litecoin wallet for you.

Best Litecoin Wallets of 2023

While all leading cryptocurrency wallets provide a high level of security for safekeeping your crypto assets, improper security practices on behalf of the user can lead to a complete loss of funds. Crypto enthusiasts should take care to store the bulk of their assets meant for trading on exchanges using cold storage methods, and never share your wallet’s login details, recovery phrase, or private keys with anyone.

Best for Functionality : Atomic Wallet


Atomic Wallet

Atomic Wallet

  • Coins supported: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Algorand (ALGO), Dogecoin (DOGE) 
  • Type of wallet: Non-custodial
  • Price: Free
Why We Chose It


We chose Atomic Wallet because it is ideal for users who value multi-functionality and a user-friendly interface.  

Pros & Cons
Pros
  • Supports over 1,400 digital currencies and tokens

  • Users can buy, exchange, swap, and stake crypto  

  • Beginner-friendly user interface on desktop and mobile

  • Atomic Wallet Token (AWC) holders earn cash back for using the app’s features

  • 1% cash back on in-app transactions

Cons
  • Code is only partly open-source

  • Not hardware wallet-compatible 

  • No multi-sig protection


Company Overview

Atomic Wallet was launched in 2017 and managed to establish itself as a popular, multi-functional desktop wallet that operates on several operating systems, including Windows, macOS, Ubuntu, Fedora, and Debian.

This multi-asset wallet is a feature-rich crypto wallet that enables users to store, send, and receive Litecoin (LTC) and over 1,400 digital currencies and tokens. Users can buy, stake, and convert crypto using the desktop or mobile versions of the wallet. 

Atomic Wallet stands out among other wallets for its cash-back rewards. The wallet pays 1% back to you on each purchase or transaction you make in the wallet.

Read the Full Atomic Wallet Review

Best for Security : Guarda Wallet


Guarda Wallet

Guarda Wallet

  • Coins supported: Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH), Cardano (ADA)
  • Type of wallet: Non-custodial
  • Price: Free
Why We Chose It

Guarda Wallet is excellent for beginners and advanced users alike who value security and the ability to store a large number of digital assets.

Pros & Cons
Pros
  • Supports over 400,000 crypto assets across 50+ blockchains (including NFTs)

  • Enables users to borrow, earn, and exchange cryptocurrencies

  • Advanced security features 

  • Excellent customer service 

Cons
  • High in-app cryptocurrency purchase fees

  • Cannot stake Litecoin

  • No support for Trezor wallet 

Company Overview

Founded in 2017 by blockchain development company Guardarian OÜ, Guarda Wallet quickly managed to establish itself as one of the leading multi-asset, multi-platform cryptocurrency software wallets. 

In addition to its wide variety of in-app features, which include borrowing, staking, and swapping crypto, Guarda Wallet stands out for its best-in-class security features that ensure assets held with Guarda Wallet remain secure. 

Available on mobile, desktop, online, and as a browser extension, Guarda Wallet allows users to seamlessly manage their crypto portfolio at home and on the go.

Read the Full Guarda Wallet Review

Best for Beginners : Exodus Wallet


Exodus

Exodus

  • Coins supported: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tether USD (USDT), Dogecoin (DOGE) 
  • Type of wallet: Non-custodial
  • Price: Free
Why We Chose It

Exodus Wallet is one of the most beginner-friendly Litecoin wallets available, making it an ideal choice for new cryptocurrency users looking for an easy-to-use Litecoin wallet. 

Pros & Cons
Pros
  • Easy-to-use dashboard

  • Supports a large number of digital currencies and tokens 

  • Enables users to buy, exchange, swap, and stake cryptocurrencies

  • Offers easy on-ramp to DeFi

Cons
  • Code is not open-source 

Company Overview

Launched in 2015, Exodus has become a mainstay in the crypto wallet universe, offering a secure, beginner-friendly wallet for crypto investors looking to manage all their digital assets in one place. 

In addition to allowing users to store and manage Litecoin and over 290 other cryptocurrencies, the wallet’s user-friendly desktop and mobile platforms allow users to buy crypto directly within the wallet, earn crypto via staking, swap tokens, and earn interest in the DeFi lending market. 

Read the Full Exodus Wallet Review

Best for Convenience : Coinomi


Coinomi

Coinomi

  • Coins supported: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dogecoin (DOGE), Tether (USDT)
  • Type of wallet: Non-custodial
  • Price: Free
Why We Chose It

Coinomi is our top choice in this category because the wallet is a one-stop shop for crypto investors looking to buy, swap, stake, and exchange crypto all in one place.  

Pros & Cons
Pros
  • Supports over 1,770 crypto assets across 125 blockchains

  • Allows users to buy, swap, stake, and exchange crypto

  • Comes with in-app on-ramp to leading DeFi protocols

Cons
  • Code is not open-source

  • Not hardware wallet-compatible

  • Does not support 2-Factor Authentication (2-FA)

Company Overview 

Launched in 2014, Coinomi has become one of the most popular multi-asset crypto wallets, enabling users to conveniently manage over 1,770 other digital currencies and tokens securely. 

Available on desktop and mobile, Coinomi provides a range of features and functionalities, such as in-app crypto purchases, cold staking, NFT support, and the ability to connect to dApps, making it a convenient crypto wallet for investors looking to explore the breadth of the crypto investment universe.  

Read the Full Coinomi Review

Best for Mobile : Trust Wallet


Trust Wallet

Trust Wallet

  • Coins supported: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dogecoin (DOGE) Solana (SOL)
  • Type of wallet: Non-custodial
  • Price: Free
Why We Chose It

Trust Wallet stands out in this category because of the way it allows users to securely store, send, and receive over 4.5 million digital currencies and tokens on the go.

Pros & Cons
Pros
  • Supports over 4.5 million digital currencies and tokens 

  • Enables users to buy, swap, and stake crypto assets

  • Easy-to-use mobile dApp browser to access DeFi and Web3 applications

Cons
  • Not hardware wallet-compatible 

  • Limited customer support

  • No multisig security feature

Company Overview

Trust Wallet was founded by Viktor Radchenko in 2017 and is based in California. Initially launched as an Ethereum wallet for ICO investors looking to store recently launched tokens in one wallet, the wallet has since established itself as a beginner-friendly, multi-currency wallet that allows users to securely store, buy, swap, and stake crypto. 

Trust Wallet is a highly popular mobile crypto wallet with dApp connectivity and support for 65 blockchains and 4.5 million assets, including cryptocurrencies and non-fungible tokens (NFTs).

Read the Full Trust Wallet Review

Final Verdict

If you are looking to invest in Litecoin, choosing a Litecoin wallet that meets your individual needs as a cryptocurrency investor or user is essential. 

If you plan to buy and hold Litecoin for the long term, for example, a wallet with a robust security framework, such as Guarda Wallet, is probably the right option for you. Conversely, if you want to actively trade in and out of the digital currency, you want to go for a wallet that comes with a built-in exchange and low trading fees, such as Exodus Wallet. 

Compare the Best Litecoin Wallets

Asset Type Number of Currencies Supported  NFT Support  Incorporated Exchange  Customizable Fees  Compatible Hardware 
Atomic Wallet Best for Functionality  1,400+ Yes  Yes Yes No
Guarda Wallet Best for Security  400,000+  Yes  Yes  Yes  Yes
Exodus Wallet Best for Beginners  290+  Yes  Yes  Yes  Yes 
Coinomi Best for Convenience  1,770+  Yes  Yes  Yes  No 
Trust Wallet Best for Mobile  4,500,000+  Yes  Yes  Yes  No 

What Makes a Great Litecoin Wallet?

A great Litecoin wallet provides a high level of security, a user-friendly interface, and the ability to buy Litecoin (LTC) directly within the app. Users should also be able to seamlessly send and receive Litecoin regardless of their level of expertise. 

Frequently Asked Questions

What Is Litecoin?

Litecoin (LTC) is a decentralized digital currency that enables anyone across the globe to store, send, and receive value digitally in the form of Litecoin coins. 

How Can You Buy Litecoin?

You can purchase Litecoin on most leading cryptocurrency exchanges and directly in Litecoin wallets that come with built-in exchange support.

How Is Litecoin Mined?

Litecoin uses a proof-of-work (PoW) consensus algorithm called Scrypt, which requires miners to deploy mining hardware to solve hash functions to find the next block and receive the 12.5 LTC block reward. 

Unlike Bitcoin, which now requires specialized ASICs miners to mine profitably, Litecoin miners can (still) use GPUs to mine the digital currency successfully.

Is Litecoin Mining Bad for the Environment?

Litecoin mining, like all proof-of-work mining, requires energy. Whether Litecoin mining is bad for the environment or not depends on the energy mix of Litecoin miners. Currently, there is no research that separates Litecoin miners from other cryptocurrency miners so it is difficult to ascertain how much Litecoin mining uses renewable versus non-renewable energy. 

Conversely, according to a study from the Bitcoin Mining Council, we know that Bitcoin mining utilizes 67.8% green energy, making Bitcoin mining one of the more environmentally friendly industries.

Methodology

One of the most important things to consider before you transact in and store Litecoin is that you have a suitable Litecoin wallet in place. To help determine the wallet that works best for you, we conducted a comprehensive review of the top Litecoin software wallets. With your digital holdings at stake, the most crucial consideration is the reputation and security of the wallet you choose. Our top Litecoin wallets were selected after we reviewed 24 companies based on their security, reputation, features, fees, and customer service.

Over the shoulder view of Asian woman holding smartphone, analyzing investment trading data on crypto graph

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Article Sources
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  3. Atomic Wallet. "Litecoin (LTC) Wallet."

  4. Gurada. "About Us."

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  6. Exodus. "Cryptocurrency Coins Status & Assets."

  7. Coinomi. "The Blockchain Wallet Trusted by Millions."

  8. Coinomi. "About Us."

  9. Trust Wallet. "More Than 4.5M+ Assets Supported."

  10. Trust Wallet. "Trust Wallet’s Founder Viktor Radchenko on His Motivation and Philosophy."

  11. Trust Wallet. "More Than 4.5M+ Assets Supported."

  12. Real Vision. "How to Mine Litecoin."

  13. Bitcoin Mining Council. "Q3 Bitcoin Mining Council Survey Confirms Year on Year Improvements on Sustainable Power Mix and Energy Efficiency."