Litecoin Core wallet review

Litecoin Core
Developed Ease of use,  High Privacy,  User Private Keys Stored

Litecoin Core is the official full node client of the Litecoin project, with support for Windows, MacOS and Linux. It is open-source, it offers advanced features, and is updated regularly by the development team so as to make it easier to use by anyone as well as more stable and secure.

The functions of the Litecoin Core Client are as expected - storing, sending and receiving Litecoin and transaction history. The latest version supports multiple separate wallets, better fee estimation, and many more improvements from previous releases. The user needs to download the full blockchain on his computer, which will take a long time, but it is more stable and secure.

Company / organization behind the wallets

The Litecoin project is supported by the Litecoin Foundation, which is registered in Singapore and wants to make the world better by using the Blockchain. The Directors are Charlie Lee, Xinxi Wang and Franklyn Richards. The developers behind Litecoin Core are active on forums and other communication platforms and frequently release updates to the software.

Crypto Currencies Support

Language Support

  • Chinese
  • Czech
  • Danish
  • Dutch
  • English
  • Estonian
  • Finnish
  • French
  • German
  • Greek
  • Italian
  • Japanese
  • Latvian
  • Norwegian
  • Polish
  • Portuguese
  • Russian
  • Slovenian
  • Spanish
  • Swedish
  • Turkish
  • Vietnamese

Supported Systems

  • Windows
  • OSX
  • Linux

The Litecoin Core wallet has a good security record. Users store their private keys on their own devices, so they need to make sure those devices are malware-free and maybe move the keys offline. The wallet is also encrypted through a passphrase that should be very complex.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
No
Private Keys Stored On
User
Storage Type
Hot storage
Transactions Validation
Full Node
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

Litecoin Core Client is not the best solution for beginners or for people who don't know their way around the technology since its user interface is hard to follow according to both users and developers. However, one developer has written a detailed analysis of how the Client can be improved in both design and functionality. Its security level makes the wallet a fine choice for long-term savings.

Summary:

The Litecoin Core Client gives users a good level of security and functionality and so it's a good choice for storing and trading Litecoin. However, the community is still awaiting some user experience and functionality updates from the team, including multi-signature technology.

Ease of use
Developed
Suitable For
Techy’s
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

The functions of the Litecoin Core Client are as expected - storing, sending and receiving Litecoin and transaction history. The latest version supports multiple separate wallets, better fee estimation, and many more improvements from previous releases. The user needs to download the full blockchain on his computer, which will take a long time, but it is more stable and secure.

There are none

Help and
support:

  • Email
  • Peer to Peer assistance

Most common
customer complaint:

Transactions take a long time due to full node validation; Wallet platform is hard to understand and use