Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining. We’ve successfully installed Ledger Nano Litecoin app on our Ledger Nano S. Your Ledger Nano S Litecoin wallet is ready to receive coins. You can also buy Litecoin on other plateforms and then secure it with your hardware wallet. You can purchase Litecoin through our partners with a credit card or bank transfer. Ledger Live is a app to buy crypto for desktop & mobile that enables you to set up a Ledger device and manage your tokens.
- Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.
- Ledger Live is a app to buy crypto for desktop & mobile that enables you to set up a Ledger device and manage your tokens.
- We’ve successfully installed Ledger Nano Litecoin app on our Ledger Nano S. Your Ledger Nano S Litecoin wallet is ready to receive coins.
- Now connect your Ledger Nano device to your computer and authorize Ledger wallet Litecoin app installation from your Ledger hardware wallet.
- Secure multiple assets, including Litecoin using a Ledger hardware wallet.
- You can also buy Litecoin on other plateforms and then secure it with your hardware wallet.
When you own cryptocurrencies, what you really own is a private key, a critical piece of information used to authorize outgoing transactions on the blockchain network. Holding the private keys gives you access to your crypto, like holding a pin code to your debit card; in short it gives you access to your funds. Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats. Match Ledger Wallet Litecoin address appearing on your computer screen with the address showing on your Ledger hardware wallet.
Protect your Litecoin assets with the first and only independently-certified Litecoin wallet on the market.
Products like the Nano Ledger X will help cryptos such as Bitcoin become adopted the broader society. Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your Litecoin assets. Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can buy, send/receive and swap Litecoin.
All we need to do is generate Ledger wallet Litecoin address and send our coins from exchange or software wallet. Secure multiple assets, including Litecoin using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.
- Protect your Litecoin assets with the first and only independently-certified Litecoin wallet on the market.
- It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used.
- The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your Litecoin assets.
- Our hardware wallets are compatible with more than 1800 different assets, including Litecoin.
Often called the silver to Bitcoin’s gold, Litecoin is a fork of the Bitcoin protocol created by Charlie Lee and released on October 7th, 2011. In order to secure cryptocurrencies, Ledger is the perfect tool. Ledger Live App is a gateway to managing your assets, staking and earning passive income, checking your real-time balance, tracking transaction histories, and more. After entering all the details, click on NEXT/Submit/Send button. Press copy icon to copy your Ledger Wallet Litecoin address or scan the available bar code. Simply a very elegant peace of hardware, with a gorgeous UI in the app.
What is Litecoin (LTC) ?
The faster block time of litecoin reduces the risk of double spending attacks – this is theoretical in the case of both networks having the same hashing power. Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.
To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.
The best crypto wallet for your Litecoin
To move Litecoin to Ledger Nano S, first, we’ll need to install Ledger Live application. For that purpose, open your web browser and visit Ledger Live page to download the application. If you’ve moved your Bitcoin to Ledger wallet then you can easily move Litecoin too. Let me show you how to store Litecoin in Ledger Nano S, X, or Blue. Fast delivery, good online tutorials, the cold wallet has support for multiple apps and also supports ‘staking’ using Ledger Live.
Perhaps you just get into cryptocurrency by purchasing coins on an exchange platform but didn’t even realize that they hold the private keys to your cryptocurrency. Now it’s time to store Litecoin to our Ledger hardware wallet. For that purpose, visit your exchange where you’re storing your LTC and send your them to your Ledger Nano S, X or Blue. Today we’re going to learn how to transfer Litcoin to Ledger Nano S, X or Blue hardware wallet.
Being a crypto investor requires taking security seriously and owning your private keys gives you much more power and control. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone. The only people you can trust for storing your crypto assets is yourself. A Litecoin wallet helps you protect your private key, not storing your Litecoin. If you are fairly new to cryptocurrencies you might still be struggling with the concept of private key and why it’s so important.
Buy a Ledger hardware wallet to securely store your Litecoin
Our hardware wallets are compatible with more than 1800 different assets, including Litecoin. With full isolation between private keys and your computer/mobile, Ledger Nano wallets keep your keys secure and give you complete control over your cryptos. LTC transaction takes some time therefore you can disconnect your Ledger device and check later to see whether you’ve received your sent LTC or not. You’ve successfully transferred your Litecoin to Ledger Nano S, X or Blue; whichever your own. As mentioned above first send a small amount and once you receive that then move all of your coins to your hardware wallet.
If your exchange is different then don’t worry the steps will almost be remain the same. Ledger Nano S or Blue supports more than 1100+ coins including ERC 20 tokens but at a time you can install up to 22 wallets in Ledger Nano S and more than 11 wallets in Ledger Blue. And company’s latest model Ledger Nano X can help you store up to 100 coins simultaneously. Swapping allows you to test out different cryptocurrencies, protect assets from volatility, and diversify your portfolio. Through Ledger Live, you can swap one token for another without using fiat currencies. For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin.
You can store more than one coin into your Ledger cryptocurrency hardware wallet. In my recent posts, I’ve showed you how to move Ripple, Bitcoin, Ethereum to Ledger device and in this quick post I’ll be showing you how to store Litecoin on Ledger Nano S, X or Blue. Ledger is your gateway to buy, store and manage your Litecoin securely. Our solution lets you securely manage your Litecoin and more than 1800 different assets in one single app. As explained, Litecoin can transact a lot faster than Bitcoin. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks’.
Thereafter, enter LTC address that we’ve just copied from our Ledger Litecoin wallet. After signing in to your exchange, go send Litecoin or LTC section and then enter amount of LTC you want to send. After installing the Ledger Live app, complete initial set up and synchronize your Ledger Nano device with your app.
Pick your Ledger device up and use left and right buttons and highlight Ledger Nano S Litecoin wallet then press both buttons to open it. Once your dashboard is ready, to transfer Litecoin to Ledger Nano, from the app’s sidebar, click on Manager and then you’ll be able to see list of apps available for install. Recently purchased the Nano Ledger X, and the simple, easy-to-use interface helped me to easily transfer my Bitcoins from Coinbase.
You can buy Litecoin directly on Ledger Live from our partner Coinify. You will need to create a Litecoin account on Ledger Live, to connect your Ledger hardware wallet and to verify your identity. Once you buy your Litecoin using your payment card or a bank transfer, it will be automatically sent to your hardware wallet, and thus secured. Now connect your Ledger Nano device to your computer and authorize Ledger wallet Litecoin app installation from your Ledger hardware wallet. You’ll have to tap on OK to install Litecoin app on your Ledger wallet.
To store and manage Litecoin, you need a compatible crypto wallet. Whether you’re looking to keep your assets safe and HODL or manage them on a daily basis, Ledger has the right product for you. Secure your Litecoin tokens with the most trusted cold wallet. In the next steps, I’m going to use Koinex, an Indian cryptocurrency exchange, screenshots.