Litecoin wallet online
Although bitcoin is one of the pillars of the cryptocurrency market in every sense, many technological solutions are introduced in it much later than in more mobile products. Such as Litecoin, originally and correctly called Litecoin, and habitually designated on the LTC trading floors.
Litecoin is Bitcoin's second hard fork, which has since become its more convenient brother for practical operations, having both faster blocks (2.5 minutes versus ten for Bitcoin), and a smaller transaction per operation, and less speculative potential. This cryptocurrency was created almost ten years ago, on October 12, 2011 by Charles Lee, and since then it has been cultivated by him into a completely separate from bitcoin, in all possible aspects the best product. Quite successful, as it is considered the fourth most popular cryptocurrency in the world. This makes you think about how to buy LTC? How to store Litecoin later? Which Litecoin wallet is suitable?
How to buy Litecoin?
Everything is quite simple, since Litecoin already confidently occupies the seventh place in terms of capitalization among cryptocurrencies and is definitely included in the list of the most convenient to use. So, buying LTC will not be a problem - it is most convenient to do it in an exchanger (as on the main page of our website), but you can buy in P2P format overcoming risks or passing complex verification on the exchange. For this, we do not need any registration or identity verification.
How to store Litecoin?
As in the case of Bitcoin, the only correct answer suggests itself - the LTC cryptocurrency wallet can handle this. All such wallets lean towards one of two main directions:
- Cold wallets, reliable, but very coppery and taking up a huge amount of space in the device's memory;
- Hot wallets that are fast, accessible from the Internet and offer no hope of security;
- Hybrid, combining strengths and weaknesses from both worlds as the creators desire and their talent.
Cold ones include hardware ledger, authentic litecoin core, and electrum wallet. All of them are clumsy and rather inconvenient for everyday use due to the need to constantly update the local copy of the blockchain. Hot ones are often very unreliable - like the Cryptonator or Atomic. But hybrid solutions, like the EXBASE.IO wallet, allow you to combine the security of a custodian cold wallet and the comfort of a hot web wallet, while maintaining full control over masterpassword and the ability to send any minute, without waiting for blocks to be loaded from the last launch.
Security is a very important advantage of cryptocurrencies over fiat currencies, but not all wallets are equally well protected, and not all cryptocurrencies are equally safe and anonymous.
Litecoin security
Although litecoin does not have reliable protection against 51 percent attacks, the overall complexity of calculations has not dropped for years to be low enough to make at least some successful attempts to change something in the blockchain possible. As for our online litecoin wallet, its security is ensured by the following:
- Google Multi-Factor Authentication and App.
- Decentralization of sales, purchase and exchange processes. Our central server does not store user information, and operators do not have access to users' wallets.
- Integration of such a reliable tool as masterpassword, which is not stored on the server and without the introduction of which it is impossible to perform any operation in the wallet.
- Continuous development and implementation of new methods of protection. For example, it is planned to introduce the Multi-sig system. Wallets protected by multi-signatures are among the most reliable at the moment.
Create Litecoin Wallet Online
The easiest way is to register on EXBASE.IO and instantly get access not only to a free cryptocurrency wallet but also to the ability to quickly exchange cryptocurrency for your usual money and vice versa. At the same time, the wallet instantly becomes fully operational and is not subject to restrictions on the minimum volume turnover - the only limiting factor is the blockchain network commission, which pays for the work of miners. To create an LTC wallet, follow the link, enter your phone number and email address - you're done!
To get a Litecoin, just go to the “Portfolio” tab and click on the “Get” button under its icon. You will see a warning about the incompatibility of blockchains and the impermissibility of payments in them, after which a long set of numbers and Latin letters will appear, this will be your litecoin address.
To send Litecoin, you will have to click on the “Send” button in the “Portfolio” under LTC, determine the amount, commission and insert the recipient's address.
To sell Litecoin, you need to go to the “Buy / Sell” tab and click on the “Sell” button. As soon as two confirmations of the blockchain network are received, the currency will be credited to your account.
