Atomic Litecoin Wallet
Atomic Litecoin Wallet
Manage your Litecoin, Bitcoin, Ethereum, XRP, XLM and over 300 tokens in a single interface.
Manage your Litecoin, Bitcoin, Ethereum, XRP, XLM and over 300 tokens in a single interface.
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Atomic Wallet is available for all major Operating Systems.
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The latest version of the wallet: 2.2.0
How to setup Litecoin Wallet
Manage your Litecoin wisely!
Learn how to setup Atomic Wallet to send, receive, exchange and buy LTC.
Buy Litecoin (LTC) with Credit Card
Atomic Wallet is feature-packed. It is the most secure,
trustworthy, transparent and decentralized wallet solution you can imagine.
Use decentralized Atomic Swap to proceed with cross-chain exchange avoiding third party risks.
For coins not yet supported by Atomic Swap, we have built-in ShapeShift and Changelly exchanges.
Instant limitless exchange service, supporting 90+ altcoins
and fast way to
Best option for uncensored cross-blockchain swaps
Strong encryption and custody-free solution
guarantees our clients the highest level of security.
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Buy Bitcoin, Litecoin, Ethereum and XRP with your Bank card. We accept USD, EUR and your local currency worldwide.
What is Litecoin (LTC)?
Litecoin (LTC) represents a Bitcoin fork that features faster block creation speed, lower fees and increased total supply. The project was founded in 2011 by Charlee Lee, a real and active person, unlike BitcoinвЂ™s Satoshi Nakamoto. The Litecoin project became one of the leading cryptocurrencies on the market. As of writing, the Litecoin market capitalization takes the 7th place in the world.
Why Litecoin (LTC) is so appealing?
Litecoin (LTC) is one of the top cryptocurrencies nowadays. It’s fast, cheap and accepted by many companies. You can get a ticket to a plane, rent a car, buy food, invest, or you can exchange it to the other cryptocurrencies.
Litecoin was born as a Bitcoin hard fork that resolves Bitcoin issues, such as scalability and high fees. To achieve this, Charlee Lee took the Core code of Bitcoin protocol and made his own improvements, he decreased the block finding limitations to 2.5 minutes (in Bitcoin, it takes 10), used other hashing algorithm called “S-crypt” that brings new requirements to miners. The key to success were cheaper transactions and easier mining.
At first, Litecoin was a fork of Bitcoin Core client and was planned as a вЂњsilverвЂќ bitcoin, like a smaller brother that will have more accelerated block creation speed and which can support a bigger transactions values with fewer fees when compared to the Bitcoin. Within 3 years, Litecoin has become the second most popular altcoin on the market and had one of the biggest capitalization value reaching top 10 positions on the coinmarketcap rating.
The currency was created to handle a great value of transactions and is based on SegWit(Segregated Witness) and Lightning Network technologies. SegWit allows to greatly increase capacity of the block size by detaching digital signature from the block. Blocks in Litecoin Network created 4x time faster than in Bitcoin blockchain (2.5 minutes to 10 comparing with Bitcoin). The Lightning Network allows users to manage cryptocurrency without making any changes in the blockchain.
Litecoin Vs Bitcoin
Mining: LTC uses a Scrypt algorithm which determines the process of new blocks creation. Comparing to SHA-256 itвЂ™s more affordable for individual miners and it’s hash rate is lower. Also, it’s ASIC secured protocol, that prevents large mining pools from mining Litecoin. For now, a reward for each block is 25 LTC. It halved every 4 years. The total amount of LTC that is planned to be issued is 84 mln.
What is a hard fork?
Hard fork is a process that implies modification of a program code of a blockchain. In case the hard fork is accepted by a community unanimously, it is successful. In case the hard fork brings controversies, the blockchain may split. In the Litecoin case, the blockchain with its new rules got separated from the original Bitcoin blockchain without any backward compatibility.
What means no backward compatibility?
LetвЂ™s say you have two ledgers: an old one and the new one. All records will be copied and transferred from the old to the new one with one main rule. If you want to interact with a new ledger, you must have the update installed.
How hard fork works?
The blocks on the pre-forked blockchain will be copied to the new version. That’s it. You may ask, what happens to those who had funds on their addresses before the hardfork? They are lucky ones! Their accounts will be doubled.
The way a fork works is instead of creating a totally new cryptocurrency (and blockchain) starting at block 0, a fork just creates a duplicate version that shares the same history.
What was the reason for making Litecoin?
- Bitcoin scalability issues
- High miner fees
- Controversies in the Bitcoin community
Litecoin is not the least Bitcoin fork. There are also Doge, Bitcoin Cash, Bitcoin Gold, Dash and many other cryptos.
Where to store Litecoin?
Litecoin is one of the best cryptocurrencies to invest in, il you are looking for something outside of Bitcoin or Ethereum. You might also want to look for a wallet to manage your Litecoins. Litecoin is supported by plenty of wallets, both custodial and non-custodial. Atomic Wallet supports Litecoin as well. Moreover, with our wallet, you can manage LTC, exchange it, buy it with your bank card, and even swap it using Atomic Swaps. And all this in one comprehensive and clear wallet interface!
With Atomic Wallet, only you have control over your funds. Private keys are encrypted in your device and never leave it.
Best Litecoin Wallet – Comparison and Reviews
Last updated: 6/26/19
Litecoin is one of the oldest cryptocurrencies around with a wide range of wallets supporting it. In the following post I will cover the best options available for storing and securing your Litecoins.
Litecoin Wallet Summary
Litecoin wallets allow you to store, send and receive Litecoins. In order to choose the right wallet for your needs, you will need to decide how much convenience vs. security you’re looking for.
Your options range from a software wallets (most convenient, least secure), to a hardware and paper wallets (most secure, less convenient).
Here’s a complete list of the best available wallets today:
That’s what you need to know about Litecoin wallets in a nutshell. For a more detailed review keep on reading, here’s what I’ll go over:
1. Litecoin Wallet Types
Just like Bitcoins, Litecoins are stored inside a Litecoin wallet. If you want an in depth overview about cryptocurrency wallets and how they work make sure to watch this video:
If you prefer to read, I’ll give you a brief breakdown of what you need to know.
A Litecoin wallet is a program that helps you send and receive Litecoins. Imagine it’s like your email program (i.e. Gmail, Outlook, etc.) only for your Litecoins.
Web wallets give you access to your Litecoins through a dedicated website. They are usually used in cryptocurrency exchanges or gaming sites. The main thing to remember with a web wallet is that the private key to your Litecoin wallet (i.e. your password) is stored by someone else for you.
These type of wallets are the least secure since you don’t have any direct control over your coins. They are what is known as custodial wallets. It’s best to avoid them, and if you have to use them, don’t keep a lot of money in them.
Desktop / Mobile Wallets
These types of wallets are also known as software wallets. In this case, your private key is stored on your desktop or mobile device. This means you have complete access to your private keys (i.e. non-custodial wallets).
While a bit safer than web wallets, software wallets are still considered hot wallets – wallets that are connected to the internet and therefore are more prone to hacks and theft. They are usually recommended for small amounts of money.
A small piece of hardware that keeps you private key offline (aka cold storage). In order to send Litecoins from this type of wallets you’ll need to connect the device to your computer via a USB portal.
Hardware wallets allow you to send and receive Litecoins with complete security, as all of the important stuff like signing transactions is done offline. These wallets are the most recommended, but they also come at a price (unlike previous wallets I’ve mentioned which are free).
For maximum security you can use a paper wallet. This means you’ll write down your private key on a piece of paper and store it somewhere safe.
There are of course several disadvantages to a paper wallet. First, the piece of paper can get lost, destroyed or stolen. Second, in order to send money from a paper wallet you’ll need to import the private ket from the paper wallet to a software wallet.
2. Best Litecoin Wallets
Ledger – Ledger supplies two hardware wallet models that can store Litecoins – The Nano X and the Nano S. The Nano X has the ability to access the hardware wallet via a mobile app and can store a wider variety of coins. You can read my complete Ledger Nano X review here.
TREZOR – Another well respected hardware wallet manufacturer offers two main models – The TREZOR One and the TREZOR Model T.
TREZOR wallets can also hold additional currencies other than Litecoin, however, they offer a somewhat smaller variety than Ledger and no mobile compatibility. You can read my complete TREZOR Model T review here.
Abra – Abra is a relatively new player on the market, giving users the ability to store Litecoins directly on their phone. Additionally, users can invest (without storing the actual coins) in 28 other cryptocurrencies. The wallet is available for both Android and iOS.
Edge – Formerly known as Airbitz, Edge is a simple and easy to use cryptocurrency wallet that supports Litecoin and over a dozen other cryptucurrencies. The app is available for Android and iOS and also features a built in exchange.
Coinomi – An multicurrency wallet (over 500 coins and tokens supported) for mobile and desktop that also supports a desktop interface. Coinomi offers an in app exchange between coins. You can read my full Coinomi review here.
Jaxx – Also known as Jaxx Liberty, is a multi platform cryptocurrency wallet that supports Litecoin, Bitcoin and other altcoins as well. Jaxx works on Desktop and mobile (iOS and Android) and is very intuitive and easy to use. Jaxx also allows you to exchange between coins within the app. You can read my full Jaxx review here.
Exodus – A beautifully designed wallet for Blockchain assets that supports Litecoin, Bitcoin and over a 100 other crypto assets. Exodus features a built in exchange feature to switch between coins as well. Exodus is currently only available for desktop. You can Read my Exodus review here.
Litecoin-QT – A desktop wallet for Litecoin which acts as a full node for Litecoin. This desktop wallet is aimed at “hardcore” Litecoiners that want to verify transactions on their own without relying on 3rd parties.
The wallet takes up a lot of space on your computer since it stores the complete Litecoin blockchain. The wallet’s interface is a bit outdated. I suggest using this wallet only if you’re technical enough to understand how it works.
Liteaddress.org – a simple service that will generate a Litecoin private key and address for you. You can then print the key and address and safely store Litecoins offline. This service is definitely worth a look if you are looking for a way to easily store Litecoins offline.
For more information about paper wallets read this post on how to create a paper wallet securely.
3. Frequently Asked Questions
How do I Add Money to My Litecoin Wallet?
In order to deposit Litecoin to your wallet you will need to find your Litecoin address. This s a long string of letters and numbers starting with “L”, “3” or “M”. Here’s an example: LM2WMpR1Rp6j3Sa59cMXMs1SPzj9eXpGc1
How Many Litecoins Are Left?
As of June 26, 2019 there are 62,398,276 Litecoins circulating which means that 21,601,724 Litecoins are still left to me mined.
How Long Does it Take to Mine a Litecoin?
Using an Antminer L3++ that supplies 596 Mhs and a difficulty factor of 14656218.432131, it will take you around 50 days to mine 1 Litecoin. You can use our Litecoin mining calculator for additional calculations.
Since Litecoin is a very popular cryptocurrency, there are many wallets options available depending on the amount of convenience and security you’re aiming at. Make sure to choose a wallet that is known and respected in the Litecoin community since there have been scams in the past involving fake wallets.
Have you had any experience with Litecoin wallets? What’s your favorite one? Let me know in the comment section below.
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PTPWallet – Bitcoin, Ethereum 17+
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- 4.8, 28 Ratings
The leading blockchain wallet for all crypto coins and digital tokens.
Instantaneous Bitcoin (BTC), Ethereum (ETH), and altcoin transactions with many blockchains supported under one umbrella with PTPWallet.
Use the world’s first blockchain wallet with instant crypto transactions allowing you to store your digital assets and send crypto funds instantly – no more waiting to pay when sending any crypto funds to a Bitcoin wallet, Ethereum wallet, coin base wallet, or other blockchain crypto wallets.
Send Funds by SMS or Email
Sending digital funds is easy! Select the contact from your phone and send them your cryptocurrency funds within the PTPWallet wallet.
No Tracking – Have Full Anonymity
With PTPWallet, a secure blockchain wallet, all of your Bitcoin, Ethereum, Bitcoin Cash, Ripple, and other cryptocurrency transactions are hidden with our module that doesn’t trace user accounts. Third parties will have no way of seeing what you’re doing with your digital assets in PTPWallet. Keep your cryptocurrency transactions and balances private.
Designed for simple digital asset management and to protect you against thieves and hackers, your digital assets are secured with this coin base wallet. 6-word passphrase and PIN Code protection, asks you for PIN Code every time you open your cryptocurrency wallet and make transactions.
We Mind our Own Business!
PTPWallet never holds, tracks, or accesses your funds – you are in full control of your cryptocurrency wallet. You can always restore your cryptocurrency wallet on any device with your recovery 6-word passphrase and PIN Code.
Supports Over 20 Cryptocurrencies & Digital Tokens
Store all of your digital crypto coins in one blockchain wallet: PTPWallet is a Bitcoin wallet, Ethereum wallet, Ethereum Classic wallet, Litecoin wallet, Dash wallet, Tether (USDT) wallet, Ripple wallet, and other coin base wallets!
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PTPWallet has low transaction fees when withdrawing crypto coins like Bitcoin, Ethereum, Litecoin, Ripple, Ethereum Cash, Ethereum Classic, and other digital assets.
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All Features of PTP Blockchain Wallet:
• Instant peer-to-peer transactions; Send and receive crypto currency instantly with anyone in the world
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• State-of-the-art security; including a PIN Code on transactions
• Easily Switch between BTC, ETH, DASH, ETC, XRP, LTC, ZEC and USDT
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• Send cryptocurrency to your phone’s contacts, by email, SMS, or QR Code
• PTPWallet never holds or accesses your funds
• Private Cryptocurrency transaction history
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