Category Archives: Wallet Guides

How Long Do I Have To Keep My Wallet Open After Sending Coins

After sending coins in your Litecoin-Qt client you should leave your client open until there is one confirmation.

When you send coins, your client will send an initial broadcast to peers. If the transaction does not receive a confirmation your client will send subsequent re-broadcasts. The subsequent re-broadcasts will happen within an hour of the initial broadcast and continue indefinitely until the transaction gets a confirmation. Without leaving your client open, these re-broadcasts will not occur.

If other nodes have just started up (e.g. no blockchain yet) or have flushed your transaction due to it not receiving a confirmation after an extended period of time, only the re-broadcast will get the transaction back into that node’s memory pool.

Once a transaction has at least one confirmation though, there is no further need to leave your client open. There are some corner cases where that’s not true (e.g. a block reorg occurs and that transaction confirmation no longer is valid, etc.) but in almost every instance once a transaction has a confirmation it then no longer needs to be re-broadcast.

How To Use Your Wallet & Send / Spend Litecoins Securely

In a previous post we discussed how to secure your wallet by taking it offline (cold storage & paper wallet), but how do we send / spend our Litecoins without compromising our wallet.dat file? This tutorial will show you the steps…

Step 1. Download the Litecoin-Qt (wallet) for Linux

Continue reading How To Use Your Wallet & Send / Spend Litecoins Securely

How To Import Your Private Keys Into Litecoin-Qt

If you don’t have a copy of your wallet.dat file, but you have the private keys, you can follow this guide to get your Litecoins out of your paper/offline wallet and into a new wallet in Litecoin-Qt.

Note: After you do this, your paper/offline wallet will be empty. Any Litecoins you want to keep in a paper/offline must be sent to a different paper/offline address.

Step 1. Sync Litecoin-Qt

  • Open Litecoin-Qt and wait for it to sync with the network (synchronize the blockchain on your computer with the current one on the network).

sync-wallet

Continue reading How To Import Your Private Keys Into Litecoin-Qt

How To View Your Litecoin Balance In Your Offline Wallet

This post applies to Litecoin-Qt client (wallet).

You can also check your balance with a blockchain explorer.

Assuming you have already secured your wallet and taken it offline, this guide shows you how you can view your balance within the Litecoin-Qt client offline.

Step 1. Synchronize your wallet with the network

  • Open Litecoin-Qt and wait for it to sync with the network (synchronize the blockchain on your computer with the current one on the network).

sync-wallet

  • Close Litecoin-Qt.

Continue reading How To View Your Litecoin Balance In Your Offline Wallet

Step-By-Step Guide To Securing your Litecoin Wallet

Step 1. Ensure your computer is free from malware (viruses, bots, trojans etc.)

  • This step is critical – it helps prevent  someone from trying to steal your private keys and access your coins. Use a program such as Microsoft Security Essentials to scan your whole computer before proceeding.
  • You have to be certain that your computer hasn’t been comprised  before continuing.
  • If you have any doubts and you want a 100% secure environment then follow my Live Linux guide before going to step 2.

Continue reading Step-By-Step Guide To Securing your Litecoin Wallet