When the Bitcoin first arrived on the markets, investors grew crazy with the vast opportunities it offered and the amount of success people could cash in with the latest currency. The trend continued and impacted our markets in a massive way for a couple years, but soon died down after spiralling towards losses towards the end of its run. However, Bitcoin did one job pretty spectacularly, and that was of introducing the world to the realm of cryptocurrencies.
One of such currencies turned out to be Litecoins, which, although not as popular as the Bitcoin, have turned out to be a safer and also suitable profitable currency to invest in. They are a Blockchain based Cryptocurrency which were first created in 2011 by Charlie Lee.
While it does have its similarities to Bitcoin, it has some crucial differences too which can’t be ignored. For one, it processes blocks every 2.5 minutes, which is just about 4 times faster than the Bitcoin. Additionally, the Litecoin algorithm is harder to solve, which obviously means that it is more secure and virtually impossible to hack into. It also makes Litecoins harder to mine for yourself but easier to spend.
As far as wallets are concerned, you will find a number of options in the market which will claim to be the best when it comes to storing Litecoins. However, the ones you really need to listen to are Ledger Nano S, Trezor, Exodus, Jaxx, LoafWallet, Litecoin Core and Electrum-LTC.
All of these happen to boast of the most appealing features when it comes to hardware or software wallets for storing Litecoins and also have come to command the highest customer popularity and ratings.