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Author: Admin | 2025-04-28
Coins. Thankfully, the companies that make these devices give detailed instructions on how to reclaim your coins with seed keys and PIN #’s.Examples: Ledger Nano S, Trezor (Segwit enabled for BTC/LTC!),6. Paper WalletsPros: The most secure way of storing your coins. You generate an LTC address through an online LTC address generator and then print it out. Your LTC is now safely tucked away from any internet connection and possible hackers. It would be good to “encrypt” your wallet too. This is another layer of protection that you can add by creating a password to lock up your LTC. Make sure you do this before printing it out and don’t forget your password, or else your LTC will be locked forever. You can and should encrypt your desktop wallets as well. Learn about how to make them here.Cons: If you lose the paper, you lose your coins. Some people put their paper wallets in the bank. It is also a bit of a hassle to withdraw your coins from them using wallet clients.Example: https://liteaddress.org/Final NotesSome wallets allow you to store multiple coins at once such as Jaxx, Coinomi, and Hardware Devices. Make your own educated decisions on where to store your LTC based on the information above. I personally would recommend Electrum LTC for newcomers. But a hardware wallet would be even better if you are willing to spend the money.Because cryptocurrency is decentralized, people can have different definitions for different terms. Wallets are one example of this. Some people may refer to only private keys as wallets. Others, both public and private keys. I choose to define wallets in a broad sense to include private keys, addresses, as well as the program clients used to interact with the LTC blockchain.You now have a firm understanding of LTC wallets and
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