Securely Store Your Litecoin

What is Litecoin?

Litecoin is another form of cryptocurrency created from a fork in Bitcoin. Litecoin was established in 2011, when developers became concerned that Bitcoin would become overtaken by large scale mining firms. As such, Litecoin uses a new algorithm and separate encryption methods.

Litecoin is a great option as a long-term holding investment. This is because the amount of Litecoin awarded in mining blocks is designed to half on set dates over time, therefore preserving its value. It also has a faster transaction processing time than Bitcoin.

How to create Litecoin wallet?

Creating Litecoin wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.

The process is simple:

1. Select “Create new wallet”.
2. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
3. Set a PIN for quick access on your device.
4. From here, you’re ready to send, receive and exchange Litecoin with the app. You can buy Litecoin with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.