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What is a lite wallet?

Updated on Fri, 21 Jan, 2022 at 12:46 PM

One of the most feasible options to store our cryptocurrencies efficiently are the Lightweight Wallets. They allow us to manage all our assets quickly and safely with no need to download the entire blockchain.

The lightweight wallets work by using a connection with a series of servers that allow them to obtain all the information they need about the payments in cryptocurrencies. It is a simplified form of a wallet where there is no need of running a full node, as it maintains a good balance between security and usability.

Light wallets are the perfect union between security, ease of use and speed, using bank transfers, debit or credit card or our network of physical stores Tikebit.

In short: With Lightweigh wallets we can buy cryptocurrencies in order to store, sell and send then to an external wallet but we will not be able to receive them.

If you need more information, see our article What are Lightweight Wallets

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