Top 3 Litecoin Hardware Wallets

Description

A POWERFUL AND FLEXIBLE DEVICE

The Ledger Blue is the latest generation product from Ledger, result of more than two years of research and development. This high-end device embeds a large touchscreen to securely manage transactions and complex smart contracts. Its slick yet robust casing encloses the best-in-class technology built upon the Blockchain Open Ledger (BOLOS) platform, a powerful and flexible operating system.

PACKED WITH HARDWARE FEATURES

The Ledger Blue is based on a dual-chip architecture embedding a ST31 Secure Element and a STM32 microcontroller thus achieving a fully isolated environment. It features a LED-backlit color touchscreen to navigate easily and validate transactions. It is powered by a lipo rechargeable battery and communicates with USB or Bluetooth* devices.

DESIGNED FOR MULTIPLE SECURE APPS

Thanks to its modular architecture, the Ledger Blue runs multiple dedicated companion apps in full isolation on top of its firmware. The strong security model allows to add new cryptocurrencies or apps without risk of compromising the master seed. Transaction integrity is ensured by the WYSIWYS paradigm (What You See Is What You Sign). The flexibility of the device enables enterprise level usage: with all major crypto libraries embedded in the firmware, any type of blockchain can be supported.

Features

FULL FLEXIBILITY

Battery-powered, Bluetooth* and USB enabled, the Ledger Blue can operate with any computer and smartphone.

  • Battery 500mA LiPo
  • BLE 4.1, USB 2.0 Full Speed, NFC (requires firmware update)
  • Windows, Mac OS, Linux and Chrome OS

MULTI-APPS

The Blue is built upon an advanced operating system that supports easy installation of applications, accessible via a quick-launch dashboard.

  • Install & remove apps with Ledger Manager
  • Free firmware upgrades
  • Enterprise app licensing & support

INTEGRITY

Ledger Blue uses WYSIWYS (What You See is What You Sign) to mitigate threats.

  • Malwares, viruses
  • Man in the middle attacks
  • Proof of presence

COLOR TOUCHSCREEN

The Blue embeds a color display and a large capacitive touchscreen with anti scratch glass, encased in a strong cover.

  • 3.5 inch display
  • Full color, 320×480 pixels
  • LED-backlit

SECURITY

Your confidential data is never exposed: it is strongly secured and isolated inside a Secure Element, locked by a PIN code.

  • Secure Element: EAL6+ / ST31
  • BOLOS isolation technology
  • 4 to 8 digit PIN code

BACKUP & RESTORATION

The configuration of your device is backed up on a recovery sheet. Easy restoration on any Ledger device or compatible wallets.

  • Built-in onboarding and configuration
  • BIP39 and BIP44 standards
  • 12, 18 or 24 words recovery

Description

LATEST GENERATION HARDWARE

When you own cryptocurrencies, you need to protect your confidential data and the access to your funds. With Ledger Nano S, secrets like private keys are never exposed: sensitive operations are isolated inside your hardware wallet within a state-of-the-art Secure Element, locked by a PIN code. Transactions can’t get tampered with, they are physically verified on the embedded screen with a simple press on a button.

PAY AND AUTHENTICATE

Ledger Nano S includes Bitcoin, Litecoin, Ethereum and Ethereum Classic companion apps, and other blockchain-based cryptocurrencies. You can send and receive payments, check your accounts and manage multiple addresses for each currency from the same device. Nano S also supports the FIDO® Universal Second Factor standard that simplifies the authentication process on compatible online services such as GMail, Dashlane, Dropbox or GitHub.

Features

MULTI-CURRENCY

Ledger Nano S supports Bitcoin, Litecoin, Ethereum and altcoins: hold different assets in the same hardware wallet.

BUILT-IN DISPLAY

Check and confirm transactions on the display and confirm with using the physical buttons (anti-malware second factor).

SECURITY

Your confidential data is never exposed: it is secured inside a strongly isolated environment locked by a PIN code.

MULTI-APPS

Use companion apps such as cryptocurrencies wallets, and also FIDO® U2F, GPG, SSH or build your own applications.

FIDO® CERTIFIED U2F

Ledger Nano S supports the FIDO® Universal Second Factor authentication standard on Google, Dropbox, GitHub or Dashlane.

BACKUP & RESTORATION

Your accounts are backed up on a recovery sheet. Easy restoration on any Ledger device or compatible wallets (BIP39/BIP44).

SECURE ELEMENT

Ledger Nano S is based on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+). The firmware integrity is guaranteed by cryptographic attestation.

MALWARE PROOF

Initialization or restoration of your configuration is fully done on the secure environment of the Ledger Nano S. Your cryptographic secrets are never exposed to the outside world.

PIN CODE

Ledger Nano S ensures only you can access your accounts by requiring a 4 digit PIN code each time it is plugged to your computer.

PRIVACY

Your private keys are never held or known by Ledger or a third party: they are hard locked in the Secure Element. With Ledger Nano S, your wallet remains decentralized, you are your own bank.

Description

No matter whether you’re new to Bitcoin or already a security expert. TREZOR is the Bitcoin wallet choice #1 for everybody. Leave behind the viruses and keyloggers. Forget about doing regular backups, reading encryption manuals, printing paper wallets and making offline storages. Next time you see another 10+ steps guide to secure your bitcoins, just skip reading it. Bitcoin is secure by design. All you need is a tool to use it without risk. All you need is your own TREZOR wallet.

Features

TRUST YOUR OWN EYES

Check important transaction details before you confirm. The display will always tell you the truth.

TRUST YOUR OWN HANDS

Everything important needs your direct physical approval.

SMALL AND STURDY

Fits into your palm. Tamper-proof, water-resistant and extremely durable.

POWERFUL CRYPTOGRAPHY

TREZOR uses and creates the most advanced standards in the cryptography and bitcoin.

Videos

What is Cold Storage Litecoin?

With the rise in popularity of Litecoin, bitcoin and other cryptocurrencies, many people looking for ways to safely store their currency turn to cold storage. Cold storage Litecoin is a term that refers to Litecoin cryptocurrency housed offline.

Cold storage options for Litecoin include:

  • Paper Wallet or QR Code
  • USB Drive
  • Litecoin Hardware Wallet

By keeping your Litecoin offline via these cold storage methods, you can protect your funds from hackers, malware and digital theft.

However, storing your Litecoin securely out of reach from the internet comes with its own set of challenges. Using cryptocurrencies like Litecoin comes with the responsibility of being your own banker. Protecting your funds is of paramount importance but you also must be able to access your funds easily to use them for transactions.

Each cold storage method has unique advantages and disadvantages related to security and ease of use.

For example, a paper wallet (whether hand-written or printed) has the advantage of not needing to rely on the integrity of any hardware. On the other hand, paper is a vulnerable product. Even a small spill of water can destroy your paper wallet.

One disadvantage the paper wallet, USB drive, physical Litecoin, and the sound wallet all have in common is the vulnerability to physical theft. If they are stolen, or somehow fall into the wrong hands, the private keys for your Litecoin is extremely vulnerable.

So, often people who use a paper wallet, USB drive, sound wallet, or physical Litecoin take extra measures to secure their funds, like placing the paper wallet in a safe deposit box.

While this provides more security, it makes it difficult to then access your Litecoin for transactions.

If you store your Litecoin private keys in a sound wallet that you keep in a safe, then in order to access your funds you have to pull the wallet out of the safe, listen to the keys with the proper decipher, then transcribe and upload the keys for digital use, and only after all of that you can begin a transaction. It’s not exactly convenient.

The cold storage hardware wallet stands apart from the rest of the options in providing an equal measure of security and ease of use.

What is a Litecoin Hardware Wallet?

A cold storage hardware wallet offers security as well as accessibility because it uses two factor authentication to protect your funds.

Using a Litecoin hardware wallet, you can store your Litecoin or other cryptocurrencies offline on a hardware device, but access them quickly and securely whenever you want, through the use of a PIN code and physical verification.

Your funds are not only protected from hacking attempts, but from viruses too, as your funds on the device will not be corrupted even if the computer you are using is. Your private keys do not need to be imported in order to complete transactions, yet they cannot be transferred in plaintext, which makes them easy for you to use, and secure from hackers.

While there are, in theory, ways a hardware wallet could be compromised (such as a corrupted shipping process), as of now, they only exist in theory. To date, there have been no recorded incidents of successful Litecoin or other cryptocurrency thefts from hardware wallets.

It should be noted that in the specific case where malware was written to modify the keys for the destination or recipient you are sending Litecoin to while making a transaction, the currency you authorize to send could be sent to the wrong person. However, all funds secured on the hardware wallet would not be effected.

Best Cold Storage Litecoin Hardware Wallets

It’s easy to see why Litecoin Hardware Wallets are widely accepted as the safest means of cold storing your Litecoin. There are a lot of hardware wallet options on the market. Choosing one can be daunting, so here’s a list of three of our favorites, the Ledger Nano S, Ledger Blue and Trezor.

These three hardware wallets are created by trustworthy companies with a proven track record, and developed by experts with adept technical ability.

The Ledger Nano S, Ledger Blue and Trezor are all set-up with a recovery seed to backup your funds and are accessed with a PIN code for physical verification of transactions. They are all compatible with Mac OS, Windows, Chrome OS and Linux, and require the use of Google Chrome or Chromium browsers.

Ledger Nano S

The Ledger Nano S looks like a thumb drive with a sliding cover, but it is so much more. It measures 60mm x 18mm x 9mm when closed and 98mm x 18mm x 9mm when opened fully. It is made up of stainless steel and plastic, and weighs 16.2g. Its physical buttons (used for confirming transactions) are located on its side.

Ledger Nano S only costs €58 and its super sleek design doesn’t compromise its functionality. It can store Litecoin, bitcoin, ethereum and other altcoins. Through cryptographic attestation, its firmware is guaranteed. It is also compatible with FIDO®, SSH, U2F, GPG and other companion apps.

Ledger Blue 

The Ledger Blue is the premier, fully loaded hardware wallet offering from Ledger Wallet, a top quality French hardware wallet manufacturer. The Blue boasts a 320 x 480 pixel LED backlit color touchscreen as well as both USB and Bluetooth connectivity, and is compatible with any computer or smartphone.

The Ledger Blue costs €229 and while it is still a handheld device, it is the most sizable of these three cold storage wallets, measuring 97mm x 68mm x 10mm. It was created using the Blockchain Open Ledger (BOLOS) platform, and like the Ledger Nano S, the Blue makes use of a dual chip architecture (ST31G480 (secure) + STM32L476, Certification level: CC EAL6+).

Trezor

The Trezor wallet, named after the company that makes it, also utilizes U2F and PIN code verification. However, the system for entering your PIN code differs from the Ledger Nano S and Ledger Blue.

With the Trezor, you enter your PIN code using a randomized digital key pad, meaning that the numbers one through nine do not appear in the same order every time, which makes it impossible for a thief to simply memorize your pattern to discern your secret PIN code. You select and enter your code using two physical buttons on the device.

The Trezor’s OLED screen is also highly functional, with the ability to display 6 lines of text at the same time. At a price point of just €89, this Litecoin hardware wallet is also an excellent choice.

Summary

Cryptocurrencies like Litecoin are unique in that they are not protected by a regulatory agency and cannot be stored in a traditional bank. That means that you, as the owner of Litecoin, are solely in charge of managing and protecting your digital funds.

Luckily, you can make this a stress free endeavor using the Ledger Nano S, Ledger Blue, or Trezor cold storage hardware wallet. Each of these devices provides security and easy access to your cold storage Litecoin from a handheld device.

In fact, some people own more than one or all three of these hardware wallets and choose to spread their digital funds across the devices. When they’re this effective and easy to use, it’s easy to see why.