LiteVault: Unique Online Wallet. (1)

1
LiteVault  Unique Online Wallet.

• A web wallet allows you to store funds safely and
  conveniently. The only issue unlike offline
  wallets online wallets can be hacked at any
  moment. Nonetheless, they are good storage for
  digital coins as well.
• To store Litecoin, the best digital wallet you
  can refer to is the Litecoin Wallet- Litevault.
  Unlike other online wallets, your private keys
  are available on LiteVault servers. Your browser
  encrypts it before sending them to LiteVault.
• The software and design of LiteVault wallet are
  very simplistic. Its main aim is to store
  Litecoin via Changelly integration with some
  additional options.

2
What is LiteVault Wallet?

• LiteVault is an online wallet service which uses
  in-browser cryptography. This same system is used
  by Blockchain.info a renowned Bitcoin wallet.
• It allows you to send/receive Litecoin via a web
  browser without downloading the blockchain. You
  can enable Two-factor authentication via email
  address.

3
Pros of Web Wallets

• You can send and receive payments within few
  minutes
• Offers an additional security feature 2FA and
  QR code scanning
• Cons of Web Wallets
• More likely vulnerable to attacks such as DDOS,
  malware, phishing scams and insider hacking
• They are not very reliable to store huge amount
  of cryptos.

4
How Does The Online Wallet Works?

• When you log in to LiteVault, your browser
  forwards your identifier to the server. The
  server returns with an encrypted version of your
  wallet together with the AES algorithm.  Your
  browser decrypts it using your password (never
  sent to the server) to load your private keys for
  signing transactions.

5
The Crypto Wallet Special Features

• In-browser Cryptography for safety purpose
• Re-designing the interface to be cleaner and
  usable
• Crypto wallet added color tags for the
  convenience of the users (Visually identify an
  address easily)
• QR code scanning reduces the tedious process to
  type a long address. (Minimizes risk to enter
  wrong address)
• Private keys are masked behind the View Private
  Key button on the digital wallets page
• Message signing via address proves that you are
  the owner.

6
Advantages of LiteVault

• Litecoin allows to store, send and receive
  Litecoin without downloading the blockchain
• It is completely open-source
• The wallet is encrypted before storing on the
  server. This provides double security to the
  wallet.
• Users can enable two-factor authentication

7
Disadvantages LiteVault

• The wallet does not support multi-signature
  fully, there are some issues
• The wallet is only for Litecoin
• No fiat currencies supported
• Limited functionality.

8
LiteVault Fees

• For crypto wallets there are no fees however,
  Litecoin charges a small fee for the
  transactions. If you buy Litecoin from an
  exchange, they charge somewhere between 0.5-2.