How To Transfer Litecoin From Coinbase To Binance?

Litecoin wallet storage is an important concern for both beginners and advanced users of cryptocurrency. Having Litecoin stored in the wrong place can lead to problems during transactions or even wallet loss. So, what are the best wallets for storing Litecoin? Here are some handy tips on how to transfer litecoin from coinbase to binance safely.

1) Create a LTC Wallet on Your Phone

The easiest way to have access to your private keys is by creating a secure custom UI with no possibility of losing it. There are several options when it comes to Android wallets, but one of the most popular solutions is Electrum. If you need additional security, you can also use hardware wallets such as Ledger or Trezor. The latter are connected using USB ad this prevents them being stolen or lost in transit, but they tend to be quite expensive and may not be affordable for everyone who wants more convenience without emptying their pocketbook completely. Still another option that could work well would be cold storage (off-chain), which allows storing ltc offline and all tx’s performed over bitcoind will still remain outside the miners reach. You can read about cold storages here: https://mymonero.com/cold-storage-guide/, though see also this post about other approaches: https://www.reddit.com/r/MoneroForBeginners/comments/6zcg4z/another_approach_to