- Litecoins in Litecoin Wallet are stored on the device.
- If you lose your device, you'll lose your Litecoins. Just like money in your physical wallet.
- Before uninstalling Litecoin Wallet (or clearing app data/wiping your device), transfer your Litecoins to another wallet. Any remaining Litecoins will be lost.
- Transactions cannot be undone! If you send your Litecoins into the void, there is no way to get them back unless you know the receiver and she is willing to send them back.
- Keep your mobile device safe! Do only install apps you fully trust. Malicious apps could be trying to steal your wallet.
- Keep the risk low! Only use Litecoin Wallet with small amounts for day use, and keep your Litecoin savings at a safer place.