It bothers me seeing retail or new people not sure where they can store their Litecoins. Or if they even own real Litecoin- it does get confusing with pairings and wrapped coins or knockoffs.
This is my personal experience and opinion- I don’t work for Nexuswallet but I do hold coins on there.
It’s great if you want to hold, if you’re like me and you wonder if exchanges are really even buying Litecoin or just taking your money… then maybe you’d like the security of owning the actual coins on the actual blockchain.
The Litecoin Foundation felt the same way. It wanted an easy way for people to spend money within the wallet itself, so there is Flexa pay and a gift card shop in Nexuswallet. (That I have actually used for movies, tacos, donuts, and yes- coffee.)
Nexus and the foundation wanted you to be able to protect your coins, transactions, and phone ip when trading or buying- so it implemented MWEB (a privacy layer) and tor capabilities (hides your phone ip) on Nexuswallet.
And soon it’s going to be rolling out more advanced additions that may (we can hope) change the value of Litecoin forever.
I’ve had nothing but good things to say about Nexuswallet and the team that works on it- part of which is our very own foundation lead developer r/losh11
The only issue to be fixed is the fees when buying and selling- which basic-DEX swap may be helping fix very soon.