Crypto Wallet Development Service
Finding cryptocurrency wallet development service? Blockchain Coders team specialize in developing mobile and web cryptocurrency wallets that enable person to achieve crypto transactions and store private keys in a safe and secure environment. Request A Quote!
Cryptocurrency wallet development is a method of developing customized solutions that ensure that your user’s data is secure and your system remains reliable. This is an excellent way to allow users on your platform to make transactions without leaving your website. Your clients will be able to make and receive payments, check personal account balances, and even employ an escrow service. A Cryptocurrency wallet will store both private as well as public keys and can use blockchain technology to provide your users with the most secure means to conduct monetary transactions and will provide them with secure smart contracts. BlockchainCoders is leading Crypto Wallet Development Company, We’ve completed more than six cryptocurrency-related projects with the best level of client satisfaction.
What is a Crypto Wallet?
The crypto wallet can be defined as a software program that allows its users to store their digital assets like non-fungible tokens, also known as NFTS, cryptocurrencies such as Bitcoin, tokens, and other kinds of coins. In other words, wallets act like online storage facilities that have no physical face or form but are of great use to traders and investors. Crypto wallets have their very own private keys that make them safe and let their users perform transactions on the blockchain while keeping the currency safe from theft or hacking. Moreover, crypto wallet users can use crypto wallets to execute transactions and track and monitor their balance whenever and wherever they want.
What Are The Types of Crypto Wallets?
Well… there are quite a lot, to begin with. Here is a list of all the different types of crypto wallets you are going to find in the trading market:
- Hot wallets
- Cold wallets
- Web Wallets
- Hardware Wallets
- Paper Wallets
- Online wallets
- Desktop wallets
- Mobile wallets
Cryptocurrency Wallet Development Technology Stack
- Coinbase Software Development Kit (SDK)
- BitcoinJ SDK
- Android Native
- PHP – Laravel / Codeigniter
- Wallet API
Crypto Wallet Development Services
– Web, Desktop & Mobile Wallet
Creating crypto wallets that are cross-platform compatible with blockchain platforms, devices, and mobile operating systems.
– Data Masking
Using blockchain technology in wallet security applications such as data masking to safeguard user privacy and data.
– Cold Wallet Development
Providing effective and secure options for managing and trading your crypto currency and private keys, just like the Trezor and Ledger Nano S cold wallets have.
– Biometric Authentication
This allows you to keep your data more secure, the reason being that your data is layered behind different security protocols. Each protocol needs to be completed in order for a transaction, login or any other such function to be completed.
– Utility & Other Payments
Creating crypto wallet solutions that offer safer and less expensive utility payment options as well as secure access to digital assets.
– P2P Trading & Transaction Support
Enabling peer-to-peer exchange or sharing of information, assets, or data without the use of intermediaries.
– Multicurrency Support
Developing multi-currency wallets with exceptional UI/UX that support popular crypto cryptocurrencies such as BTC, ETH, Litecoin, ERC20 tokens, and a variety of altcoins. This is especially useful for people looking to have vast portfolios. Which means everyone who trades and invests needs this.
– Multisig Wallet
The development of multisig wallets helps in managing different coins and provides an extra layer of protection for secure transactions.
– Single Cryptocurrency Wallet
This kind of wallet only allows users to trade a singular coin, buy, sell and hold for example a bitcoin specific wallet. Our services include Ethereum, Bitcoin and other such single currency wallet development to ensure that your business activities run smoothly and without hiccups.
– Centralized Wallet
This is the type of wallet where a third party ensures the transactions and security of its clients. Which means that the blockchain isn’t used for this purpose and the blockchains job is done by the third party service providers. The whitelisting of wallet addresses will ensure that only legitimate transactions are carried out on the network.
A Detailed Step-by-Step Guide to Cryptocurrency Wallet Development
Instead of dividing the phases for cryptocurrency wallet development into uncountable steps and making it confusing for you, we have divided the guide into four simple phases.
These four phases are easy to follow and are involved in multi-cryptocurrency wallet development, so it’s a win-win situation for you if you want to develop a wallet for your own company. So, before you even go on and start your own venture or company or business and integrate a cryptocurrency wallet into it, let’s study the four phases together and understand what a wallet development process is all about:
1. Step One
The very first phase to start the development of a cryptocurrency wallet is planning. Planning is like the setting stone of any process no matter what you are developing.
During the planning process, you need to decide what features and benefits you are going to provide to your customers according to your wallet’s capabilities. This will help you contemplate and decide which features should be added and which ones should be subtracted, thus, indicating the typical functionality of your wallet. However, make sure that you include security features because they are a no-questions-asked area. In other words, security features are a must-have.
2. Step Two
After planning, the second step is obviously implementation, but before you actually go ahead and implement your idea and develop your wallet, we suggest having an estimate of how much money you will have to spend for availing the services of a cryptocurrency wallet development company, freelancer, or an in-house team. Many factors can either increase the price for you or decrease it as well.
If you decide to choose a development company to develop your wallet for you, make sure that you choose someone who is trustable and capable enough to fulfil your business expectations and deliver you a product that is according to your vision.
3. Step Three
Wallet structure is one of the most important steps because that is when you decide and work on the user interface that you frame in order to make sure that your wallet operates seamlessly. And most importantly, you need to make sure that the transactions that your wallet is going to offer are secure and completely safe.
Once you are done with these steps, then you need to give all your attention to the testing phase because that is when you will be able to know if your wallet is free from bugs or if there’s still room for improvement
4. Step Four
Lastly, you need to install and integrate your very own customized crypto wallet into your venture company or business. If you face any downtime, you can get maintenance services and Technical Support from the cryptocurrency wallet development company you choose to develop your wallet or freelancer or in-house team for the record.
Developing a crypto wallet is a tedious task. But trust us when we tell you that the results are going to be worth all the effort and the hassle.
And if you ever need expert advice on crypto wallets, we are always here to help you make the wisest decision for your company.
Why Choose us?
Our team of developers is well-equipped in delivering blockchain cryptocurrency wallet development applications in record time. Moreover, our policy has always been providing best solution to our clients on all matters. Our cryptocurrency wallet development team is well rehearsed and experienced in the blockchain market, so they can provide you with useful advice and product that appeals your demographic. Furthermore, It can be challenging to find the best cryptocurrency wallet development team, our team has experience that carries its weight in gold and we have plenty of that.