Set up a Litecoin Wallet

Guarda Wallet
Feb 25, 2019 · 4 min read
Image for post
Image for post

Litecoin has proven itself as a worthy coin from the time it has forked form Bitcoin in 2011. Being the first altcoin, LTC is faster, cheaper and more efficient than BTC. The main difference between the two blockchains is in the algorithm — Litecoin pushes transactions through much quicker and can process more operations. The cryptocurrency community has been seeing quite a bit of potential in Litecoin, so Guarda finds it necessary to break down the basics of secure Litecoin storage.

Litecoin Wallets on Guarda

Image for post
Image for post
Best Litecoin Wallet

Pretty much anyone knows that buying cryptocurrency requires some decent preliminary research. Cryptocurrencies are investments and getting all the details right before diving in is important for future use. One of the most important aspects of crypto use is choosing the right cryptocurrency wallet to store it in.

Guarda offers secure, non-custodial, multi-platform wallets for over 30 most popular coins — Bitcoin, Ethereum and Ethereum-based tokens, Bitcoin SV, Litecoin, Ripple, Tezos, and many more. The full list of supported currencies is extensive and can be fully checked here.

When talking of a Litecoin Wallet, Guarda has various versions to choose from, including:

Besides, you can buy Litecoin on Guarda or exchange LTC to crypto of your choice right in the wallets or on the website.

How to set up a Litecoin Wallet in 6 steps?

Creating a Litecoin Web Wallet — step by step guide

  1. First of all, go to Guarda’s Website https://guarda.co / and click Create Wallet — a button you will see on your right.
Image for post
Image for post
Start creating LTC wallet

2. You will see the welcome screen. In here, you can choose between importing or restoring your previous cryptocurrency wallet or creating a new Web wallet on Guarda. Select Create a New Wallet.

Image for post
Image for post
Create a new wallet

3. Make up a strong password for your wallet. The password is an essential part of your wallet security — make sure to save it in a safe place. Guarda Wallet is non-custodial, so we do not store any personal information of our users. This means that you are the only person in charge of your funds and only you control your private keys.

Image for post
Image for post
Secure your LTC wallet with a password

4. Your Litecoin wallet is now being created. Soon you will be ready to store, send, receive and exchange your LTC with Guarda.

Image for post
Image for post
Your cryptocurrency wallet is being created

5. On the next step, you will need to download your backup. Backup, along with the password, grants users access to their funds. Your Guarda Wallet backup needs to be kept out of a public eye. Due to the fact that we do not have access to the information of our users, Guarda team will not be able to restore the backup in case of a loss.

Image for post
Image for post
Save your wallet backup

6. You Guarda Litecoin wallet is ready to use! You can also check our video guide to see how to set up an LTC Web wallet live.

What makes a good LTC wallet?

The best Litecoin Wallet should:

  1. It should allow you to control your private keys.
    Guarda wallets are non-custodial, which means that our users are the only ones in charge of their funds.
  2. A great LTC wallet should also provide you with the wallet backup — backup is the key to the funds. Guarda backups are always in the user’s hold. Backup and the Litecoin wallet private key the essentials of accessing the wallet.
  3. It needs to be easily navigated and provide a user-friendly interface. Our wallets are compatible across various platforms — you can get to your wallet from any device or operating system of your liking.

Guarda Wallet support is also online 24/7 to answer all the questions of our users.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store