Litecoin cryptocurrency wallets: features, types, examples of official LTC wallets. Part 2

We continue the topic of the Litecoin cryptocurrency wallet. You can read the first part of our material here

LTC mobile wallets

Among the many options, mobile storage systems stand out for their specific use. They are also software applications, but are installed on tablets or iPhones (smartphones).

The incredible convenience of these LTC mobile wallets is that paying with litecoins is very easy. You can pay for services, opportunities or goods virtually anywhere. No desktop wallet or any other modification is required here.

Users, for example, make instant payments at restaurants or other places that accept cryptocurrency. Systems for accepting digital coins are already being integrated everywhere on the Internet.
Before LTC mobile wallets, there is no need to download the entire blockchain. Because of this, space is saved on the mobile device.

An important disadvantage of this type of storage is the low level of security. You cannot store large amounts of litecoin in the accounts of these wallets.

Browser-based online storage

There are now a lot of different services and resources where people can create LTC wallets. Typically, these are digital coin exchanges and online cryptocurrency exchangers. A small number of coins can be kept in boxes and crypto faucets.

There are other places, but they have unofficial litecon wallets. There, when registering an account, it is possible to create an online storage of litecoins.

Like mobile wallets, browser wallets can be used anywhere there is an Internet connection. The main thing is to remember the login and password for your personal account on the service/resource.

The main disadvantage of any browser-based LTC wallet is the storage of private keys on a third-party web platform. In fact, developers and administration have full access to customer coins.

Again, it is worth heeding the recommendation regarding small amounts of Litecoin placed in an online wallet. You should not trust strangers with your crypto coins.

LTC paper wallets

A wonderful tool is paper official litecoin wallets. In practice, they perform the functions of safes that Internet fraudsters do not have access to.

If the owner does not foolishly and does not reveal the private key with the public address (or QR code) to someone, then the coins cannot be stolen.

Cryptocurrency paper wallet – LTC wallet – this is paper or some other medium with printed data:
– private key;
– public address (Litecoin account number);
– passwords in the form of a pixel image – QR code.

One last thing to note is the QR code. This is an extremely convenient way to speed up and facilitate work with paper storage. For a cryptocurrency transaction, it is enough to use this password.

The only disadvantages of LTC paper wallets are that they require scrupulous protection of the media from mechanical or physical damage. Moisture, scratches, light or other aggressive factors can make password characters unreadable and the pixel code unrecognizable.

In addition, you should not in any way allow your LTC paper wallet to be lost or stolen by criminals. In both cases, the coins will be lost.

The key advantage of official litecoin wallets is the most reliable method of storing cryptographic coins. It is free and completely protected from hackers. Of course, owners should use this tool carefully, protect it and make backup copies.

Hardware official litecoin wallets

A great option for advanced users is LTC hardware wallets. Externally, they are indistinguishable from USB flash drives and also connect to a PC to receive or send coins.

In terms of the balance between reliability and ease of use, hardware wallets for litecoins are deservedly considered the best. Access is protected by an additional password, and transactions of digital coins are only possible by entering a keyword.

Some models of LTC hardware wallets (for example, Ledger Nano) have a payment instrument function. Having the device with him, the user can easily pay for services, goods and opportunities.

We will post the continuation of our long read next week.