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Crypto Wallet App Development

We help you created your own crypto wallet App.

What is a crypto wallet?

We help you get your project started

Crypto wallet

A cryptocurrency wallet helps users store, send and receive cryptocurrency.

It is a piece of software that safely stores cryptocurrencies and keeps track of their transaction (buying, selling, and lending) records.

Users can easily install this on a compatible device like a smartphone.

Types of Wallets

Cold & Hot crypto wallets. 

What crypto wallets would fit your needs?

The first step is deciding what the users plan to do with the crypto. There are different wallet options you can choose.

For example, many long-term crypto investors plan to hold onto the wallet for an extended period. That’s why they might choose a wallet that has great security features. On the other hand, users who actively trade cryptocurrencies may look for convenience and speed.

Based on whether the wallet can be connected to the Internet or not, it is categorized into cold and hot crypto wallets.

Cold Wallet

These are also known as hardware wallets. They store your keys offline on a device that’s not connected to the Internet. Many in-demand cold storage wallets look similar to a USB drive.

At times, paper wallets — with print information about your public and private keys on a sheet of paper — are also used as cold storage.

Many crypto followers see cold storage as the best option for protecting your digital assets. Since they’re offline, these wallets are considered the most difficult type of wallet to hack. But, they can be easily lost or misplaced.

 

Hot Wallet

Hot wallets are software-based wallets. They are more user-friendly but a little less secure as compared to cold wallets.

You can access a hot wallet by downloading a software program to your computer desktop, or an app on the smartphone. There are different types of hot wallets, as below:

These new types of applications use the power of smart contracts to transform transactions online without having to rely on trusted third parties like banks or verify the identity of the person on the other side of the transaction.

– Desktop Wallets
– Mobile Wallets
– Web Wallets

Why a Crypto Wallet?

Apart from that, crypto wallets have different applications for business use.
Businesses can build their own crypto wallets and integrate them with payment and other business solutions.

1. User Authorization

Given the popularity and value of cryptocurrencies, wallet apps are prone to many security attacks.

That’s why it is always best to enhance the user authentication of your crypto wallet app with a two-factor or multi-factor authentication (2FA or MFA). The 2FA or MFA provides an additional layer of security that many conventional non-crypto apps do not offer.

This is done in addition to your username and password to make access to your wallet all the more secure.

2. QR Code Scanner

A QR Code Scanner feature adds speedconveniencesimplicity, and security to your crypto wallet app transactions.

If your crypto wallet app has a QR code scanner integration, it can facilitate automatic scanning of the wallet addresses, the public keys. As a result, it enhances cryptocurrency transactions with just a single click.

So instead of typing all the long characters of public keys one by one, the app user can scan the QR code, and the information is grabbed through the scanner. It is a safe and secure way to do cryptocurrency transactions.

This feature is preferred because the app users will have to type long wallet address characters in the absence of this feature, making the probability of missing a few characters or typing incorrectly much higher.

3. Multiple Cryptocurrencies

Utilizing smart contracts outcomes in the eradication of mistakes that happen because of manually filling forms. 

5. Push Notifications

Every document stored on the blockchain is reduplicated several times. Therefore, initials can be rehabilitated in the event of  information loss.

7. Blockchain-Based Transactions

Smart contracts automatize duties by utilizing computer protocals, savind periods of diverse business procedures.

How it works

Our complete NFT Services work like this:

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FAQ

Frequently Ask Questions