![]() You can either keep your LTC there, or send it to another LTC wallet. Go to Menu-> Settings-> Start/Recover Another Wallet Perhaps the easiest method to spend your Litecoin is through litewallet, the mobile wallet developed by the Litecoin Foundation. Here are two of the easiest ways to do it. There are many ways you can spend your Litecoin from a paper wallet. Some people put it in a safe, a bank, or even a fire and water resistant casing. The private key is what you will need to recover and spend your LTC when you're ready, so make sure to store it in a safe place where no one can see or scan it. Anytime you want to send LTC into this paper wallet, scan the QR code of the LTC address. Print the QR codes of both the Litecoin address and private key. Step 3 Print and Store it in a Safe Place Here's what a QR code from liteaddress looks like: Wiggle your mouse until a private key and public key are automatically generated. This is a trusted website to generate Litecoin wallets. Make sure to research the QR generator you end up choosing prior to using it.Īnother way you can generate a Litecoin paper wallet is through. As a side note, be wary of using websites to generate your QR code as they may be designed to steal your Litecoin. Simply copy paste your private key or seed key into the app while your internet is not connected. You can generate the QR code yourself by using a tool called an “ off-line QR Code Generator” which is a google chrome plug-in. Many wallets allow you to simply scan the QR code of your private key to redeem the Litecoin. Step 2 Convert it into a QR CodeĬonverting your private key and Litecoin address into QR codes is a convenient way to keep. You can also use seed keys which are used in Hierarchical Deterministic wallets to derive your private keys. ![]() Check out our article " What is a LTC Wallet” on how you can do that. You can grab the private from your Electrum-LTC wallet. Each litecoin traded for a good or service is marked on the ledger with a transaction id and the origination and target wallet addresses.There are 3 things you'll need to create a paper wallet:Ī private key is an alphanumeric string of characters that’s tied to your public key and Litecoin address. On all other operating systems, it is located in ~/.electrum-ltc.Ī blockchain is a long record of every single transaction ever made. On Windows, this folder is located in \Users\YourUserName\AppData\Roaming\Local\Electrum-LTC. Older versions of Electrum could import private keys from another client, but then you had to backup those keys separately, as they could not be restored by the Electrum seed.Ī default wallet file called default_wallet is created under the /wallets folder when you first run the application. This way you'll have all your litecoins secured with your seed. The best way to switch to Electrum is to send all the litecoins you have on your old wallet to one of the addresses on your Electrum wallet. What should I do with my old Litecoin addresses and wallet when switching to Electrum-LTC? You cannot send litecoins if you don't have enough funds in non-frozen addresses. When you freeze an address, the funds in that address will not be used for sending litecoins. What does it mean to "freeze" an address? This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found. Electrum-LTC uses a gap limit to stop looking for addresses. The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper. The seed can be represented as a 12-word mnemonic code. However, this is not needed for normal operation, even now that the Segwit soft fork has activated.Įlectrum-LTC uses a 128-bit random seed to generate your private keys. ![]() Support for native Segwit transactions is in the works. If you are looking for a mobile wallet, check out LoafWallet, Jaxx or Coinomi. Is there a version of Electrum-LTC for Android?Īndroid is not currently supported.
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