Litecoin wallet check

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Your Litecoin wallet will be perhaps the most important tool you have for securing and protecting your Litecoins and other digital currencies, so make sure you take some time to familiarize yourself with them!

Like Bitcoins, Litecoins can be stored in a digital wallet. This wallet will track the total value of your Litecoins and allow you to conduct various transactions. It might be easier to think of your ewallet as a sort of email system, except instead of sending and receiving messages, you can send and receive Litecoins and money. You can also track your history of exchanges and monitor your financial transactions.

There are 2 types of wallets – Online wallets, where you basically store your Litecoins on someone else’s sever, and offline wallets – Where you store your Litecoins on your device (e.g. your laptop). Each type of wallet has it’s pros and cons. Online wallets are risker since someone can hack the companies servers and still your coins, but on the other hand you can use them from anywhere in the world. Offline wallets are considered safer since someone will need physical access to your computer to steal them, but you will also be able to send Litecoins only from that specific device.

Some wallets are completely free, while other wallets charge fees for various transactions. Make sure you read any fine print when choosing a wallet and pay close attention to any fees, as they can add up very quickly. There are several Litecoin wallets currently available, so we will go over some of the most popular options.

Litecoin-QT – This is an offline wallet for Litecoin which I personally use. Very convenient but you need to remember that once you use this wallet it means that your computer now stores all of your Litecoins. Litecoin-QT is 100% free to use.

Liteaddress.org is a simple service that will generate a Litecoin key and address for you. You can then print the key and address and safely store Litecoins offline. Due all of the thefts that have occurred with Bitcoins and online wallets, many people now prefer to store coins offline. This service is definitely worth a look if you are looking for a way to easily store Bitcoins offline.