Best Litecoin Wallet UK – 5 Best Litecoin Wallets in 2021

Fact Checked by Gary McFarlane

If Bitcoin is digital gold – Litecoin is its silver counterpart. However, this digital currency was created as a lighter, faster, and more cost-effective version, and a key component of successfully safeguarding your valuable assets is finding the right storage solution.

Today we save you hours of research as we review the very best Litecoin wallets in the UK and walk you through the process of getting set up in minutes.

#1 Litecoin Wallet In the UK – eToro

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Best Litecoin Wallet in the UK – Top 5 List

Out of the many Litecoin wallets available in the UK – you will find a list of the best below. As you can see, there is something for every type of crypto investor.

  • eToro – Overall Best Litecoin Wallet in the UK
  • Coinbase – Best Litecoin Wallet for Beginners
  • OKEx – Recommended Litecoin Wallet for Features and Tools
  • Binance – Best UK Litecoin Wallet for Asset Diversity
  • Coinjar – Best Litecoin Wallet for Buying and Selling Small Amounts

Need a little more information? It’s always important to weigh up your options by accessing a more detailed account of the company behind the Litecoin wallet and what features it is able to offer you.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Best Litecoin Wallet in the UK – Full Reviews

In the sections below, you will find full reviews of the best Litecoin wallets in the UK. The key metrics we look for in a top Litecoin wallet include security, reputation, supported coins, core features, and more.

1. eToro – Overall Best Litecoin Wallet in the UK

The first thing to note about eToro is that the broker takes the safety of client funds extremely seriously. This shows in the fact it is regulated by the FCA (UK), CySEC (Cyprus), and ASIC (Australia) – with added approval from FINRA and SEC (US). There are over 20 million registered users from over 100 countries buying and selling cryptocurrencies via this platform. The Litecoin wallet itself comes in the form of an app for your mobile and is licensed by Gibraltar-based GFSC. With that said, you may also opt to leave your LTC tokens within your eToro web portfolio. This is because the vast bulk of tokens will be kept in cold storage on your behalf.

In terms of supported cryptocurrencies, the application allows you to buy, sell, and transfer over 120 tokens. This guide found in excess of 500 tradable crypto pairs too. There are also 29 alternatives listed on the main eToro site. This includes large tokens such as this, Bitcoin, Dash, Ethereum, Cardano, and Binance Coin. Later additions consist of Maker, Enjin, Yearn.finance, Shiba Inu, and other alternatives. eToro is compatible with fractional purchases, which allows you to buy Litecoin from $25 (around £18). This is ideal for beginners who may want to avoid taking a gung-ho approach in this speculative marketplace.

etoro crypto wallet

Imagine if you could shorten the learning curve by investing in a pro-crypto trader to grow your portfolio on your behalf? eToro makes this possible with its Copy Trading feature. You can whittle down your options using the built-in filter. For instance, you might decide you want to allocate $1,000 to someone who focuses on cryptocurrencies and stocks and has a medium risk score. If they risk 30% of what they have on a Litecoin investment and 10% on Amazon shares – your portfolio will reflect this (in proportion). This would show $300 in LTC tokens and $100 in Amazon.

If you decided to create a diverse basket of assets for yourself, you can also do this passively using the copy portfolio feature – managed by the eToro team. In a nutshell, this is an investment vehicle containing different markets to minimize your long-term risk. eToro rebalances this regularly. If you would rather take the bull by the horns and select your own individual assets, you may want to take a look at the main platform where you will find stocks with 0% commission fees, as well as ETFs, commodities, forex, and more.

eToro crypto CopyTraders

Importantly, this online broker operates on a spread-only basis to buy and sell Litecoin and all other listed cryptocurrencies. This starts from 0.75% – which keeps costs down. Other platforms in this space charge excessive commission fees instead. The minimum first-time deposit is $200, which is around £145. You can fund your eToro account using a plethora of methods. The supported list includes debit and credit cards by Mastercard and Visa. You might also opt for an e-wallet such as Neteller, Skrill, or PayPal – or a bank transfer. The latter can take days. Either way, you will need to pay a small FX fee of 0.5% to deposit funds – which is very competitive.

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Top-rated cryptocurrency wallet app on Android and iOS
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider. 

2. Coinbase – Best Litecoin Wallet for Beginners

Buy MANA at Coinbase

Coinbase also serves millions of people and offers a mobile app wallet as well as the option of leaving your crypto investment on the main platform. With regards to the former, the application is free of charge and allows you to take complete responsibility for your own private keys – thus meaning when you invest in Litecoin, only you have access to the tokens. This software storage option supports a wide selection of cryptocurrencies covering over 500 digital assets, as well as NFTs

Coinbase also lists Bitcoin, Ethereum, Cardano, Tether, Solana, and Polkadot. Lesser-known offerings include Rally, Orchid, ShushiSwap, Decentraland, Uniswap, and Quant. Some beginners may find the implications of securing their own digital assets a little overwhelming. If this sounds like you, consider the web wallet option, whereby you can invest in Litecoin in the UK and have the provider put 98% of your LTC tokens in cold storage. You will also benefit from biometric logins using your fingerprint, 2FA, and even insurance in case Coinbase is hacked.

coinbase wallet

This platform complies with AML rules, so the completion of the KYC process is essential to add fiat money to your trading account. This means you must upload ID and proof of your home address. It has to be said that fees are costly at Coinbase. If you want to add funds to your account with a debit card – you will pay 3.99% of the amount added. You may also choose a UK bank transfer, which is free but slow. The standard commission stands at 1.49% per slide when trading crypto.

Pros

  • One of the most popular cryptocurrency exchanges
  • Mobile wallet on iOS and Android devices – control your private keys
  • More than 68 million users
  • Supports instant debit card purchases
  • Dozens of digital currencies to choose from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • You will pay a standard trading commission of 1.49%

at eToro, the UKs #1 Broker

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider. 

3. OKEx – Recommended Litecoin Wallet for Features and Tools

OKEx homepage

The best Litecoin wallet providers will give you options so that you can better decide what suits your personal goals. When looking to dive into the world of cryptocurrencies in safety, look at every aspect. OKEx has millions of accounts and offers a free app as well as a web storage solution. Starting with the mobile wallet app – this will not cost you anything to download and enables you to secure your own private keys to access your funds and LTC tokens. Furthermore, unlike some wallets, you can also create buy and sell orders. The standard commission here is 0.10%, so for every £100 you pay the exchange £0.10.

If you are a newbie and don’t like the idea of looking after your own wallet credentials, you could just use the web option. In this case, OKEx will keep the majority of your assets offline in cold storage and you will simply sign into your account to access them. There are various safety measures in place to protect your funds, such as multi-signature mechanisms. In terms of the best option, the OKEx platform and app are both ultra-simple to use for people of all skill-sets. There are over 400 pairs to buy and sell, inclusive of Bitcoin, Ethereum, Polkadot, Cardano, Tron, Monero, Ripple, and of course – Litecoin.

OKEx Bitcoin wallet

To add fiat funds to OKEx so you can begin to invest in LTC tokens, you will be required to send the aforementioned paperwork to prove your ID and address are valid. Supported payment cards include UK credit and debit cards, issued by Mastercard and Visa. If you happen to have some Litecoin, Tether, or other accepted crypto already, you can also make a deposit and withdraw using digital currencies after signing up. Finally, OKEx also offers crypto savings accounts – where you can deposit your idle tokens to earn interest.

Pros

  • Trusted crypto exchange with over 20 million users
  • More than 400+ digital currency pairs
  • Buy and sell cryptocurrencies with a debit/credit card or bank transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation and highly secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products are too complex for beginners

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Binance – Best Litecoin Wallet in the UK for Asset Diversity

binance review

Binance offers a mobile storage option called the Trust Wallet. The app is free to download, as are the others on this list, and most people will find it really simple to operate. One of the main selling points of this application is that security measures are second to none. This is a non-custodial offering, which is the safest type, but means you are tasked with looking after your own private keys. You can store, buy, sell, and swap from the palm of your hand with the Trust Wallet.

As well as being able to store Litecoin, you can diversify with any of the 150+ tokens from the 40 blockchains supported by Binance. Our team found highly liquid markets such as Bitcoin, Ethereum, Ripple, Polkadot, and many more. You can also access up-and-coming tokens, including Aave, Swerve, Algorland, Navcoin, and others.

trust wallet

Beginners may prefer the web wallet offering found on the main Binance platform as this is custodial. As such, there is no need to keep private keys safe because the provider will ensure the vast majority of your digital funds are safe from online hackers and in cold storage. Supported payment methods include debit and credit cards by Visa and Mastercard. This provider offers a savings account feature whereby you can earn interest on any crypto assets you plan to hold in the long term. See the website for more information as different rates apply.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit cards
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both beginners and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

5. Coinjar – Best Litecoin Wallet for Buying and Selling Small Amounts

Coinjar offers a blend of storage and exchange services via its mobile app wallet. This means you are able to buy, sell, store, and trade Litecoin and many other digital currencies – without leaving the application. After some investigation, we concluded that both platforms are easy to navigate and therefore need very little getting used to. If you are looking to access this speculative asset class using small amounts, you can start from just £5 here. However, first, you will need to complete the previously mentioned identity verification process of uploading ID and such.

As well as storage, this Litecoin mobile wallet supports the sending, receiving, and trading of Bitcoin, Ethereum, Ripple, Lumens, EOS, and Algorand. There is also a wide selection of compatible ERC-20 tokens comprising Dai, Maker, OMG, Enjin Coin, SushiSwap, Aave, Tether, Polygon, and many others. You may also elect to access your account and various markets via the main platform. Coinjar incorporates 2FA and keeps clients’ funds secure and offline in a multitude of geographical locations.

You can use a credit or debit card to fund your Coinjar account. However, please note that you will be charged 2% of the amount. This is quite pricey compared to the 0.5% charged at eToro for the same payment method. If you don’t mind waiting a few business days to get the ball rolling, you can select the slower option of bank transfer and pay the commission of 1%.

Pros

  • Has been active in the crypto brokerage arena since 2013
  • Very user-friendly platform – so perfect for beginners
  • Mininmum deposit of just £5
  • No fees to deposit funds via bank transfer
  • Debit/credit cards also supported
  • Top-rated mobile app

Cons

  • Too basic for experienced cryptocurrency traders

at eToro, the UKs #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

What is a Litecoin Wallet UK?

We keep British pounds and pence safe by putting them into a bank account or hiding the money somewhere at home. LTC tokens are digital so need storing in a completely different way. In other words, a Litecoin wallet is a storage solution for non-tangible currencies.

etoro app

There are a few different types to choose from. What is most suitable for you as a crypto investor will depend on how comfortable you are with securing such an asset. You will also need to assess what features you are looking for – and so forth.

  • Some wallets allow you to look after your private keys so only you can access your LTC tokens.
  • This type of wallet usually comes with a private and public address, allowing you to both send and receive digital currencies.
  • A public key is one you give to a person so they can send you cryptocurrencies. You could compare this to the sort code and account number used to receive fiat cash via a bank.
  • A private key, as we have touched on, gives only you access to your wallet of assets and no one else.
  • Other Litecoin wallets will be custodial, which means a wallet provider such as a broker will keep your assets safe in offline storage – saving you the burden of securing cryptocurrencies from thieves.

We discuss the subject of finding the best Litecoin wallet UK in more detail next – including the various options you have available to you.

How to Find the Best Litecoin Wallet UK

Now that we have discussed what a Litecoin wallet is and have reviewed the best on offer in the UK, we explain in laymen’s terms how to find the best for your needs.

Litecoin Wallet Types

See below the various types of Litecoin wallets available in the UK to give you a better idea of which one suits you best.

Litecoin Hardware Wallet

A Litecoin hardware wallet looks like a flash drive or USB and can cost anywhere between £20 – £100 – depending on the brand.

See a breakdown of what a Litecoin hardware wallet is:

  • A hardware wallet offers you a physical place to store your private keys.
  • This unique key allows you to gain access to your cryptocurrencies, which are kept on the blockchain.
  • The private key will be kept on the Litecoin hardware wallet.
  • To access it, you need to plug it into a suitable device such as a PC or laptop, for example.

If you feel confident enough to secure your own digital assets, it has to be said this is the safest type of Litecoin wallet in the UK. Despite this, many beginners prefer the convenience of doing it all under one roof. For instance, at eToro, you can buy, sell, swap, and store LTC tokens in a safe a regulated environment, with the majority of client funds kept away from hackers in cold storage.

Litecoin Mobile App Wallet

There are many mobile app wallets that support Litecoin, and if this sounds like the preferable option for you, you will need to think about your priorities and what security is in place.

See below the disparity between Litecoin mobile wallets:

  • Some mobile wallets only offer storage, while others allow you to buy, sell, store, trade, and more.
  • Look at safety. Some wallet apps offer the bog-standard option of 2FA, while others allow for whitelisting, and much more.
  • The best Litecoin wallets are multifunctional – allowing you to access your portfolio in different ways.
  • It’s best if a mobile app is licensed or approved by a regulatory organization.

eToro offers a mobile wallet that serves as both a storage and all-out trading solution. The brokerage is regulated by the FCA amongst others, is compatible with fractional purchases as low as $25, and ticks many of the above boxes we expect from a great app in this category.

Litecoin Desktop Wallet

A desktop wallet is not the most flexible option as it entails downloading software onto a device such as your laptop or PC.

  • A desktop Litecoin wallet will require you to secure your own assets.
  • You will only be able to buy or sell LTC tokens on the device you downloaded the wallet.
  • Cryptocurrency prices experience sharp price spikes, so this could mean you miss cashing out for a profit if you are away from said device.

For more flexibility, consider eToro, whereas well as being able to view your LTC tokens via the main platform, you can also opt for the Litecoin mobile wallet to take part in buying and selling on the go.

 Litecoin Web Wallet

Whilst the web offering may not be the safest Litecoin wallet in the UK, it is one of the most convenient. Furthermore, how secure this type of storage is will also depend on the provider behind it.

To clear the mist, see below:

  • Let’s assume you sign up with a broker such as eToro and place an order to buy Litecoin.
  • To access your web wallet, you will simply log in to your account online.
  • Once logged in, you will see the LTC tokens you bought in your portfolio.
  • You will also have access to the full list of markets available to buy and sell.

We mentioned eToro as multiple respected authorizations regulate the broker, so is considered a less risky storage option than, say, a crypto exchange. In addition to this, you won’t have to secure your own investments as the platform stores them offline in cold storage.

Litecoin Wallet Security Features

When you are searching for the best Litecoin wallet in the UK, always pay attention to the measures taken to secure your LTC tokens.

You will find below a few things to look out for when conducting your own research into the top wallet providers:

  • Regulatory Standing: A key way to safeguard your LTC tokens is to only sign up with an FCA-regulated brokerage. eToro allows you to buy, sell and store your cryptocurrencies in safety and you can purchase amounts as low as $25, which is around £18.
  • Whitelisting: Create a list of trusted crypto wallet addresses with the IP and Device Whitelisting feature.
  • Two-Factor Authentication: Protect yourself against unauthorized wallet access with 2FA – whereby you sign in using a temporary 30-second password known as TOTP as well as your standard one.

This guide found that the best Litecoin wallets in the UK are multifaceted with security, market variety, and regulation covered.

Features – Buy, Sell, and Swap

As we touched on, some crypto wallets offer limited flexibility. On the other hand, some wallet providers give you access to trading facilities and several other notable features that might be of interest.

See below why eToro came out as the best Litecoin wallet from the many we reviewed:

  • eToro enables you to create buy and sell orders as well as store LTC coins.
  • Need to cash out quickly? At eToro, you simply need to create a sell order to cash out – the broker buys your Litecoin back and credits your account accordingly.
  • You can buy fractional amounts of Litecoin starting from just $25, which at the time of writing is around 0.14 units of one token.

With this in mind, pay some consideration to what you might need from the Litecoin wallet before signing up. The best option will offer you an experience that goes above and beyond that of simply storing your assets.

Listed Cryptocurrency Markets

This might sound like a no-brainer, but it’s no good choosing a cryptocurrency wallet purely based on your interest in Litecoin. This is because there will come a time when you want to explore alternative markets – whether this is leading digital asset like Bitcoin or a cheaper alternative such as Shiba Inu.

The eToro platform supports 30 cryptocurrencies, while the mobile app wallet lists even more at 120. This covers a wide range of large, medium, and small-cap tokens, including some recent additions.

How to Get Started With the Best Litecoin Wallet UK

If you have no experience in getting started with a Litecoin wallet – we are now going to walk you through the process step-by-step.

We opted for heavily regulated eToro as the site is super user-friendly. Moreover, you can buy Litecoin from just $25 whilst only paying the spread.

Step 1: Open an Account

Go directly to the eToro website to get the ball rolling. On the main dashboard, you will see a sign-up button, click that to join.

Next:

  • Fill in your personal information such as full name, telephone number, email, and your chosen password and username.
  • Hit ‘Create Account’ to confirm.
  • You will also need to answer a few simple questions relating to your previous trading experience.

You can validate your telephone number and email address as and when instructed.

how to join etoro

The best Litecoin wallets have a strong regulatory standing, so you will need to complete a KYC process. Send a passport or other accepted photo ID and also a recent utility bill or bank statement so the verification process can begin. Whilst this sounds lengthy, the whole procedure is automated at eToro so usually takes a few minutes from start to finish.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Download the eToro Wallet

Once step 1 is complete and your profile has been set up to completion, you can download the eToro wallet. If you use an Android device, you will go to the Google Play Store. iPhone users will find the wallet on the App Store.

etoro wallet

You will be able to download and install the Litecoin mobile wallet in a few clicks and will see it appear in your list of apps. You can now sign in to eToro using the details you used to create an account in step 1 of this walkthrough.

Step 3: Add Litecoin to eToro Wallet

Our overall winner of the best Litecoin wallet in the UK eToro makes adding LTC tokens a breeze.

  • If you have some LTC tokens – utilize the public address given to you in order to transfer them to your new wallet.
  • Alternatively, you can buy Litecoin very easily by creating a simple trading order via the wallet itself.

As we touched on, at eToro you can add funds to your account using a debit or credit card, as well as UK bank transfers and e-wallets Neteller, PayPal, and Skrill. There are also 120+ other digital currencies and more than 500 crypto pairs – for those who wish to create a diverse selection of assets. This is made easy with a minimum investment of just $25.

Best UK Litecoin Wallet – Full Conclusion

The best Litecoin wallets in the UK today don’t just accommodate the storage of your digital assets, but also allow you to buy, sell and exchange within a single platform. We reviewed the top wallet providers and what they have available, covering a wide range of important factors.

This includes metrics surrounding security, convenience, supported tokens, and whether trading facilities can be accessed from within the wallet itself.

eToro offers the overall best Litecoin wallets in the UK. The main platform follows rules and standards dictated by tier-1 regulatory bodies, the FCA, CySEC, and ASIC for your safety. Furthermore, the eToro wallet app is licensed by the GFSC.

eToro – Best Litecoin Wallet in the UK

 

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.