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Where to Store Your Litecoin in 2022

Storing cryptocurrency is easy but it’s important that you do it with a secure wallet. Leaving crypto on an exchange is bad practice. You can fall prey to hackers, or the platform going out of business could cause losses. If you need to change LTC to BTC or swap any other crypto assets, you can do so more safely right from your crypto wallet at non-custodial exchanges. 

How to Choose the Best Litecoin Wallet?

A good Litecoin wallet will be secure, easy to use, and compatible with numerous crypto assets. You should look for wallets with more advanced security features (2FA) or that isolate sensitive cryptographic keys from online connections. 

This will reduce the risk of hackers taking your crypto. Prioritize security features over things like built-in exchanges — there are other ways to swap DOGE to BTC, or any other crypto pair. Your wallet provider’s focus should be protecting your crypto! 

How to Choose the Best Litecoin Wallet

The following wallets offer security and functionality while supporting many crypto assets.   

CryptoWallet

CryptoWallet is an advanced crypto ecosystem that features numerous products within the same app. The wallet itself supports several top crypto assets, including XRP, BTC, ETH, and LTC. It is an ideal choice for those wanting to store Litecoin. CryptoWallet is perfect for new users. It features an internal mechanism to exchange fiat for crypto using debit cards.

Ledger Nano X

The Nano X from Ledger is one of the most secure Litecoin storage solutions on the market today. As a hardware wallet, the Ledger Nano X protects a wide range of crypto assets by signing transactions in an offline execution environment. This ensures malware and other security threats cannot jeopardize your crypto holdings. With the Nano X, you are assured of not only industry-leading asset protection but also enjoy the convenience to use smart contract-based applications directly, enabling interaction with DeFi and NFT protocols. 

Trezor Model T

Another option, the Model T by Trezor is an offering from our second heavyweight from the physical wallet provider niche. We chose Trezor’s flagship product because of its convenience and security. Like the Nano X, you can interact with smart contracts/dApps directly from the wallet. Hardware wallets make setting up the highest security offline crypto storage really easy, and they are highly recommended to newcomers and experienced crypto enthusiasts. 

Exodus

Exodus is a feature-rich desktop and mobile wallet that supports Litecoin and a huge number of other crypto assets. The application has a very intuitive interface and can interact directly with DeFi and NFT apps. Although it does not feature two-factor authentication, it can be used in conjunction with the hardware wallets we’ve listed above, affording greater security within Exodus’ convenient and user-friendly interface.

Guarda

Guarda is a secure, multiplatform crypto wallet that supports many different crypto assets. It has a buy/sell feature and options to lend and earn passive income on investments from a single interface. There are various additional security features, including requiring a password for every transaction and an automatic session timeout function. Guarda claims to support more than 400,000 crypto assets from over 50 blockchains. 

Choosing the Best Wallet for the Litecoin

When looking for a Litecoin wallet, you want to find a good balance between security and convenience. If you plan to transact regularly or on the go, you might prefer one of the desktop or mobile wallets featured. They enable you to interact with a variety of blockchains quickly and easily.

If you’re storing significant amounts of crypto assets, you should consider hardware wallets. While making and signing transactions is a little more involved than on their desktop and mobile counterparts, they do offer the highest level of security possible — even for less experienced users. 

IEMA IEMLabs
IEMA IEMLabshttps://iemlabs.com
IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.
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