What is a Litecoin wallet and why it's needed
If you want to buy some Litecoin, you need a Litecoin wallet. So what is a Litecoin wallet and why do you need one?
Cryptocurrencies are digital, so you need some digital identifier to prove it's your crypto – and that's what a LTC wallet does. It has a unique private key that provides access to your crypto, and it also has a public address used to receive your crypto. The public address can be freely shared, but the private key must be kept safe; this ensures a secure Litecoin wallet.
There's a wide variety of crypto wallets to choose from, but they all work the same: a simple online Litecoin wallet does the same thing as a dedicated hardware device. What's different is the level of security they provide and their user experience.
When picking the best wallet for LTC, keep these things in mind: choose the safest Litecoin wallet that still provides the user experience you want.
This is what we've done with the Paybis wallet. It's a completely free Litecoin wallet that comes with impressive safety features but still remains easy to use.
Getting your Litecoin wallet
Now that you know what is a Litecoin wallet, let's see how you can get one.
At Paybis, we've made the entire process really simple; all it takes is just a few steps:
Log onto your Paybis account or sign up if you don't have one;
Click the Wallets tab on the top of the page;
Choose Add wallet and select Litecoin from the dropdown menu.
Congratulations! You now have a fully functional Litecoin wallet and you can start using it.
Using your LTC wallet
The first thing you can do with your Litecoin wallet is to add some Litecoin to it. You can add it from an outside source using your public address – just click “Deposit” to view it.
And, if you're looking to buy some Litecoin, you can do so right here, on our exchange! You already know how easy it is to get a LTC wallet at Paybis – and you can be sure that getting some LTC is just as simple.
You can also send your LTC to another wallet – we do not place any restrictions on your crypto. And, when we say you get a free LTC wallet, we mean it – there are never any withdrawal or maintenance fees.
Or you can simply HODL your crypto, that is, keep it in your Litecoin wallet until it increases in value. Once again, the Paybis wallet is a great choice – your crypto is safe, and you can always access it.
To sum it all up – if you're looking for a safe, simple and reliable crypto wallet, this could be the best Litecoin wallet for you! Scroll back up to get started!
