Litecoin can be managed with Ledger Nano S and Ledger Blue only.
If your device is not initialized go to https://www.ledgerwallet.com/start and follow instructions.
Once your device is initialized:
To manage your Litecoin coins, you must launch the Ledger Wallet Bitcoin Chrome application. If you didn't install it yet, this is the way to do it: in your Chrome browser, install the application here.
To find your Litecoin address (required to receive a payment),
- Connect your Ledger device
- Enter your PIN code
- Open the Litecoin application on your device
- Launch your Bitcoin Chrome application on your computer
- Click on "Receive", a popup opens
- Copy the "Litecoin address" which is displayed
Please note that your Ledger wallet generates a new address each time you want to receive a payment, thanks to the Hierarchical Deterministic (HD) support. Each address generated by your wallet is yours forever, you can use them several times or just once at your convenience, it won't cause problems - even if it may be safer to use each address only once.
7. Paste this address where you are required to (in the Litecoin wallet from where you need to send coins to your Ledger wallet) While receiving payments, your Ledger device can be disconnected as your transactions are tracked on the Blockchain. These transactions will be synchronized on your wallet when you open it.
Top 4 Alternative Ways to Accept Litecoin Payments
Given the recent popularity increase Litecoin has gone through, a lot of people are looking to accept LTC payments online. While they could easily sign up for GoCoin or CoinPayments, there are quite a few other ways to go about things as well. We have collected a list of Litecoin merchant service providers which most people have not heard of before. Having more options at one’s disposal is never a bad thing.
CoinGate is a Bitcoin and Altcoin payment processing gateway. The service already has a strong presence in the European market and is also expanding to other regions, particularly Asia and South America. CoinGate has partnered with ShapeShift to allow users pay with more than 40 different digital currencies. So, whether you are looking to accept Litecoin, Ethereum, Dash, Ripple, Zcash, or even the new tokens such as BAT and Bancor – CoinGate has you covered!
There are a number of merchant tools CoinGate offers for their users to accept digital currencies hassle-free. Moreover, community research on the different cryptocurrency processors has proved CoinGate to be among the cheapest in the market, and one of the very few that have no hidden fees or margins on their exchange rates.
CoinGate offers a gateway that includes some useful features that other payment processors lack. For example, this year an API update was introduced, allowing merchants to manually set the desired invoice expiration time as well as to accept partially paid orders automatically. Taking into account the broad range of features and low-cost processing, CoinGate appears to be a great choice even compared to market leaders.
This will be, by far, the one cryptocurrency merchant service provider virtually no one has heard of. That is not entirely surprising, even though the company processed 63 different currencies on behalf of their clients. Bitcoin is included of course, as are a lot of popular cryptocurrencies such as Dash, Dogecoin, and Litecoin. Moreover, merchants can have their earnings converted to Bitcoin on the fly, if they think that is a better store of value. There is no verification process to start using eDigiCash, and there is a 0.5% commission on every sale, which includes the transaction fee.
Another Bitcoin and cryptocurrency payment service provider we hardly hear about goes by the name of AlfaCoins. It is more than just a merchant service provider, though, as they allow users to send cryptocurrencies to employees and customers as well. Merchants choosing for AlfaCoins can also receive payments directly into their bank account, which can shield retailers from price volatility. Litecoin is, of course, one of the support cryptocurrencies. Members will pay a 0.99% commission for every transaction, which needs to be taken into account.
2. COIN TOPAY
It is evident there is a fair bit of competition in the cryptocurrency merchant service industry. Cointopay is looking to make it easy for everyone in the world to accept Bitcoin and other cryptocurrency payments. They accept a variety of currencies, including Litecoin. Users can receive daily payouts to their bank account in five different supported fiat currencies, which is a nice touch.
Users who are looking to accept any kind of cryptocurrency may want to look into the Cointopay Franchise model. It can only be obtained on request, but it is a white label solution which can be quite appealing for large companies. The regular package is subject to a 1% fee for fiat currency conversions and supports all of the “major” cryptocurrencies. A nice feature is how Cointopay users can invoice their clients by sending them an email.
Most Litecoin users will have come across LitePaid in the past, even though they may not have had much experience with it so far. LitePaid lets users accept major cryptocurrencies as a form of payment with relative ease. Users can convert the incoming payments to both Euros or Bitcoin, depending on their preference. Having more choices is never a bad thing in this regard.
LitePaid prides itself on offering an affordable service. More specifically, they charge a flat fee of 25 euro cent per transaction, which is more than affordable. Payments occur every single day, both in Euro and cryptocurrency. The company supports a wide range of different cryptocurrencies, including Litecoin, Bitcoin, and Dogecoin. It is a more than viable solution to start accepting cryptocurrency payments.