What is the best Litecoin wallet?
On Anycoin Direct you can either use the Anycoin Vault or have the Litecoin sent to an external wallet. The choice is yours! In this guide, we will explain you what a Litecoin wallet is, what kind of Litecoin wallets are available, which Litecoin wallets we recommend and how you can use your Litecoin wallet at Anycoin Direct.
What is a Litecoin wallet?
A Litecoin wallet can either be a software, service or gadget that saves your private and public keys and communicates with the blockchain. Your wallet's public key, that also serves as your "wallet address", can be viewed as the account number of your Litecoin bank account. The private key of your wallet can be seen as the password for your Litecoin bank account, which you can use to send Litecoin from your wallet to another.
What kind of Litecoin wallets are there?
There are many different types of Litecoin wallets available. The possibilities range from digital wallets that can be accessed via your phone and computer to real physical hardware wallets. The different kind of wallets and their properties are described below.
Which Litecoin wallets does Anycoin Direct recommend?
At Anycoin Direct we have made a selection of recommended Ripple wallets for our customers:
- Software wallet: Exodus, Guarda
- Mobile wallet: Exodus Mobile
- Full node wallet: Litecoin Core
- Hardware wallets: Ledger, Trezor
Be aware, that Anycoin Direct is not responsible for the usage of these wallets. Always do your own research!
How can you use your Litecoin wallet on the Anycoin Direct platform?
After you have set up your Litecoin wallet, you can start buying, sellingor trading Litecoin. You can find your Litecoin wallet address if you click the receive button in your wallet, which has to be filled in the flow when buying Litecoin. To sell Litecoin you need to click on the 'send' button in your wallet, which will let you fill in the Litecoin address of Anycoin Direct provided to you in the sell flow.