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If you have a small number of coins and you want easy and quick access to them, it is best to use a desktop or mobile wallet (software wallets). These are great as they do not take up much space on your computer or mobile, and they are reasonably secure.
What is Litecoin: desktop wallet Exodus.
With these software wallets, you are the only person that has access to your private keys. Not even the development team of the wallet can see them.
You can also set up recovery options on your software wallet. So, if you forget your password or your computer breaks, you can still get access to your coins.
Private Key: Think of this as the password to your bank account — this is used to access your wallet.
Public Key: Think of this as the username to your bank account — this is used to send/receive coins in your wallet.
There are lots of different software wallets to choose from, with Exodus being one of the more popular picks.
Hardware Wallets
In the real world, you wouldn’t want to store your life savings in your leather wallet, would you? This is the same when storing your Litecoin!
The safest way to hold your coins is to use a hardware wallet. This is the cryptocurrency equivalent of a vault!
Hardware wallets allow you to store your coins offline, meaning that they are never connected to the internet. Although it is less convenient if you need to send or receive your coins quickly, it is the safest option.
The most popular of these is Ledger Nano S. Even though hardware wallets come with a price, you have to consider the importance of security, especially if you hold lots of coins.
Ledger Nano S also allows you to view your recovery password on the screen. By writing this down and storing it somewhere safe, you can regain access to your Litecoin if somebody stole the hardware device.
What is Litecoin: hardware wallet Ledger Nano S.
If you have read our “what is Litecoin?” guide so far, you should now know what it is, how the technology works and how to safely store it!
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Alice need not provide currency to Bob in-person. She may instead transfer this value by first entrusting her currency to a bank who promises to store and protect Alice's currency notes. The bank gives Alice a written promise (called a 'bank statement') that entitles her to withdraw the same number of currency bills that she deposited. Since the money is still Alice's, she is entitled to do with it whatever she pleases, and the bank (like most banks), for a small fee, will do Alice the service of passing on the currency bills to Bob on her behalf. This is done by Alice's bank by giving the dollar bills to Bob's bank and informing them that the money is for Bob, who will then see the amount the next time he checks his balance or receives his bank statement.bitcoin технология компания bitcoin captcha bitcoin pixel bitcoin криптовалюту monero ropsten ethereum monero spelunker 1070 ethereum ethereum script mindgate bitcoin bitcoin рынок forum ethereum 1024 bitcoin bitcoin auto bitcoin asic кран monero cryptocurrency reddit
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