Nearly everyone appreciates its small, lightweight design and the fact that it looks like a USB flash drive at first glance. It works with all major operating systems – Windows, Macintosh, Linux and there’s even a Chrome https://www.tokenexus.com/ extension. LiteVault does not store your private keys, which means the platform is unable to access your funds. The project is open source so that anyone who wants to inspect the lines of code can do that on GitHub.
That definition of a private key may sound complicated for a beginner – so let’s change it. Once you have taken the print, cut the unnecessary portion with scissors, and you will get your ready to use LTC paper wallet. If you want only one LTC paper wallet that resembles like paper bills, type ‘1’ in ‘Addresses to generate’ field and click Generate.
Step 2: Send Litecoin to the Paper Wallet
A cryptocurrency market is where you will want to keep your funds protected at all times. In order to do so, there are many hardware options for you to hold your virtual currencies. If you are a long-term Litecoin holder or you just got some Litecoin from the many Litecoin faucets, one of the solutions is to own a hardware wallet. If you want to have multiple paper wallets that exactly resembles currency bills, click on the ‘Paper Wallet’ option as shown below. You will be able to see 3 LTC paper wallets here, which can be downloaded and printed later.
Just be sure to follow best practices so that you are able to recover it should you lose it. Storing the funds is hassle-free after creating the paper wallet, and verifying them can be made by checking your LTC address. The private keys of your Litecoin paper wallet are only for you to confirm you hold these funds. A paper wallet can be created even if you’re not connected to the internet.
What was the reasoning behind Litecoin launch?
In case the hard fork brings controversies, the blockchain may split. In the case of Litecoin, the blockchain got separated from the original Bitcoin blockchain without any backward compatibility. Very useful Coin Swapping exchange, Swap any coin to other coin, I normally used it for swapping my high value coins against small value coins… If you’re a casual investor and not yet well-versed on how to use Litecoin wallet, the recommended LTC wallet for you is a web or mobile wallet. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. If you are going to store a large amount of Litecoin on a wallet, make sure that you make backups of the seed word.
Given that both support Litecoin as well as SegWit transactions, you are probably better off getting the Model One. Litecoin is a good choice for any cryptocurrency portfolio, and if you decide to buy some you’ll need a wallet to keep it in. Fortunately, there are many different options for Litecon wallets, due to its popularity and longevity. Please take into account that web wallets are considered to be a convenient yet less secure way to store cryptocurrency.
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It is recommended to print multiple copies of the wallet for backup purposes. Litecoin Paper wallet is a document that contains copies of public and private keys. It often allows you to use QR codes to quickly scan and add keys to a software wallet to complete transactions. Anytime you want to send LTC into this paper wallet, scan the QR code of the LTC address .
If you are more interested in using your LTC to make regular transactions then you could consider one of the other mobile or desktop wallets. Trust Wallet provides a secure solution, ensuring that private keys are stored and encrypted locally on the device. Additionally, the wallet offers an added layer of protection through features like pin codes and biometrics. Storing LTC in Exodus means you can manage your assets wherever you are – the team behind the project is constantly upgrading the digital wallet to eliminate any vulnerabilities. The wallet is compatible with the Trezor hardware wallet allowing users to manage LTC cryptocurrency. Coinomi is a cryptocurrency wallet trusted by millions of users around the globe.
Indeed, if you want to buy digital assets, they are for sure the best platforms to use. Nonetheless, handling virtual currencies on these platforms may be unsafe. A Litecoin paper wallet would allow you to store your funds without worrying about hackers.
Remember to exercise caution and verify the addresses before initiating any transactions. Mistakes in entering the recipient’s address can result in the loss of funds. In addition, the key sheet should be kept in a safe place, as its loss or damage may litecoin paper wallet deprive you of access to Bitcoins. You will find another design for the paper wallet and some improvements here and there. The big difference is that this is a unique project for a lot of currencies, so more people can review it and check its safety.
