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Cryptocurrency Wallet Development

Cryptocurrency wallet is a software functionality allowing users to earn, monitor and transfer virtual currencies. Unlike existing banks or pocket wallets that store physical currencies, cryptocurrencies can only be recorded as transactions on the blockchain technology. If a cryptocurrency is transferred to the wallet it means that the ownership of the currency is signed off to a dedicated wallet’s address. Cryptocurrency wallet development is a requisite for the effective exchange of cryptocurrencies.

How to unlock the fund?

In order to use or unlock the fund, the private key of the wallet must match the public address of the currency it is assigned to.

Whitelabel Cryptocurrency Wallet Work Flow


Cryptocurrency Wallet Development Services


Web Wallet

Cryptocurrency wallet that primarily requires web access to function is called hot wallet or web wallet.

Significance
  • Quicker way to complete transactions.
  • Ideal for minimal cryptocurrency savings.
  • Allows multiple cryptocurrency transactions.
  • Allows direct integration into an exchange.

Mobile Wallet

Cryptocurrency wallet which is highly functional and can be accessed seamlessly on any mobile device is called mobile wallet. It is completely internet based.

Mobile Wallet Types

The types of mobile wallets can be categorized based on the following:

Based on cryptocurrency support
  • Multi-cryptocurrency wallet
  • Single cryptocurrency wallet
Based on platform
  • Android
  • iOS
Based on custody
  • Custodial
  • Non-custodial
Advantages
  • Efficient enough to accept or send payments on the fly.
  • Can support hardware wallets like QR code scanning.

Desktop Wallet

It is a really effective cold storage method of cryptocurrencies. Safer than mobile and web wallet.

Advantages
  • Easy to use
  • A cold storage option doesn’t need any energy source.
  • Comes with private keys.
  • Will not be stored on a third party server.

Hardware Wallet

Highly secured than the web wallet and are easier to work with than paper wallets. They handle fork better than others.

Advantages
  • Easier and safer way to store crypto for long-term.
  • Stronger security for all other wallets.

Whitelabel Multi-Cryptocurrency Wallet Features


A cryptocurrency wallet needs to integrate high-end features to operate seamlessly and provide users with an impeccable user interface. This is why we provide a whitelabel cryptocurrency wallet with the latest features, unrivaled security, and user-friendly design for you to safeguard your cryptocurrencies and monitor them 24/7.

2-factor authentication

To maintain a secure user account.

Most used addresses

To access all the readily available user addresses.

Paper wallet development

To be able to scan and process paper cryptocurrencies.

Conversion rates

To instantly view the updated cryptocurrency value.

QR code scanner

To send and accept cryptocurrencies in a single click.

Push notifications

To get alerts on transactions and when the value/price of cryptocurrencies change.

Merchant services

To join as a merchant and to browse other cryptocurrency merchants.

Security

To protect the user accounts with password and PIN.

Auto denial of duplicate payments

To completely avoid chargebacks.

Favourable session logout

A security measure that automatically logs out user from their account.

Transaction history

To view the past transactions carried out on the wallet.

Wallet backup

To protect your cryptocurrencies against software failure and theft.

Advantages of Multi-Cryptocurrency Wallet

Multi-Currency


Hundreds of distinct cryptocurrencies have come into existence. Each holds unique infrastructure, ecosystem and purpose. If you’re inclined to using different currencies, the multi-currency wallet will let you access several currencies from the same/single wallet.

Detect Duplicate Payments


The reason why cryptocurrency systems, in general, don’t accept charge-backs, it’s rather risky for fund suppliers to reap more out of nothing or precisely by performing fraudulence. Additionally, with the 2-factor authorization protocol, the private wallet keys are extremely secured.

Multi-Currency


Hundreds of distinct cryptocurrencies have come into existence. Each holds unique infrastructure, ecosystem and purpose. If you’re inclined to using different currencies, the multi-currency wallet will let you access several currencies from the same/single wallet.

Detect Duplicate Payments


The reason why cryptocurrency systems, in general, don’t accept charge-backs, it’s rather risky for fund suppliers to reap more out of nothing or precisely by performing fraudulence. Additionally, with the 2-factor authorization protocol, the private wallet keys are extremely secured.

Why Hire Cryptocurrency Wallet Developers?


Taking the top position in providing Cryptocurrency wallet development services, Blockchain App Factory strives to develop highly-secure cryptocurrency wallets.

Some of the fundamental features offered by our expert developers include:

  • Generating and managing private keys
  • Generating wallet address
  • Generating mnemonic phrases
  • Address creation to transfer cryptocurrencies
  • Address creation to receive cryptocurrencies
  • Checking transaction history
  • Monitoring balances

Cryptocurrency Wallet development Pricing


Ethereum Wallet Development

Features 1.5
BTC
2
BTC
3
BTC
Mechanism
Secured Authentication & Authorization
Send and Receive Function
Billing and Invoice
Admin Panel
Windows/Linux/Mac Wallet
iOS App
Android App
Push Notifications
Airdrop to All or Specific Users
Smart QR
Buy/Sell advice based on average cost per coin
Account labeling, color coding, budgeting and separate business/identity management
Automatic generation of a new public key for each transaction + manual one-touch address generation
Alerts/Feeds
Decide what exchange you pull your price
Payment gateway integrations
Multiple Cryptocurrency
Security
Import/Export private keys to a new wallet for the same user
Optional Timed Logout
Optional Password Protection
Automatic denial of payment to the same address twice
Client-side private key storage
Zero Knowledge on Private Key
Device Validation
Legal Security
KYC
Legal Contract
...
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Why Should You Choose Blockchain App Factory for Cryptocurrency Wallet Development Services?


  • Blockchain App Factory excels in employing disruptive technologies after intensive research and discovering new possibilities every day.
  • Our well-equipped development team focuses on delivering quality products to its clients by offering customizable and innovative solutions.
  • Experience and skill is not scarce at Blockchain App Factory. The developers can guide you through the whole process till you receive a product that exceeds your expectations.
  • Our adept team is familiar with the market and can provide you with a cryptocurrency wallet to carry out futuristic business.

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