Frequently asked questions

Question 1

What is Electrum LTC?

Accepted Answer

Electrum LTC is categorized as a hot wallet, software wallet and an SPV wallet. Electrum LTC is a community-maintained port of the Bitcoin Electrum wallet built specifically for managing Litecoin (LTC).

Question 2

Is Electrum LTC safe & legit?

Accepted Answer

Electrum LTC is open source and non-custodial. Electrum LTC has not been publicly linked to major hacks or scandals. Users should always verify download sources and signatures to avoid phishing versions.

Question 3

Who created Electrum LTC?

Accepted Answer

Electrum LTC was originally authored by Thomas Voegtlin and is maintained by the community developer known as Pooler.

Question 4

Where is Electrum LTC's company based?

Accepted Answer

Electrum LTC is not developed by a company and does not have a public headquarters.

Question 5

How does Electrum LTC work?

Accepted Answer

Electrum LTC uses Simplified Payment Verification (SPV) making it possible for users to interact with Litecoins blockchain without downloading the full blockchain. Transactions are signed locally, with the wallet relying on remote servers for blockchain data. Features include seed-based recovery, cold-storage, private-key export, multisig support, and compatibility with plugins and hardware wallets.

Question 6

When was Electrum LTC launched?

Accepted Answer

Electrum LTC was launched May 19, 2017.

Electrum LTC