Cryptocurrency is a virtual currency that is based on blockchain technology. This is designed to be used over the virtual world for transactions. The term cryptocurrency has become a buzzword and ruling the digital world for quite a long time. However, the global crypto market in 2020 was $1.49 billion and it is about to rise and reach $ 4.94 billion by the end of 2030, according to Allied Market Research. This is considerably a 12.8% from 2021 and 2030. This data significantly signifies there is a rising demand for cryptocurrency wallet development.
Have you heard about a Cryptocurrency wallet?
Let’s start this informative, quick blog with knowing what cryptocurrency wallet is about. It is a payment wallet in which digital currencies like Ethereum, Ripple, Bitcoin, Litecoin, and other altcoins can be stored and transacted securely and instantly. Typically saying, this virtual wallet saves private keys as well as the public addresses of the end-users.
Forge Ahead With A Cryptocurrency Wallet Development
Knowing the potential growth of the crypto and with the brief explanation of the crypto wallet, moving on to the next stage of development.
Those who have eagerness in leaping into the crypto space and an early bid to have a remarkable place could go forward with choosing a reliable & suitable cryptocurrency wallet development company. Ensure the wallet is compatible with multiple devices and supports holding & transactions of different cryptocurrencies.
In a notable way, rather than choosing to craft the crypto wallet right from the initial stage, it would be so much more beneficial to opt for a white-label cryptocurrency wallet. This is a readily available solution with the encompassment of basic features, indicating the typical functionality of the crypto wallet in general. However, this solution can be personalized for the needs & requirements.
Let’s Know The Salient Features To Consider During Cryptocurrency Wallet Development
Here, let us see some of the requisite features that have to be considered and given utmost importance during cryptocurrency wallet development.
It is a requisite feature, ensuring the security mechanism of the crypto wallet. Depending on the type of wallet you would like to provide the end-users, the level of authentication changes. However, you could go for two-factor authentication or multi-factor authentication in accordance with the data sensibility.
- Multi-Currency Support
For the global reach and the convenience of the end-users, it is necessary to give priority to the multi-currency feature. Make sure that a white-label cryptocurrency wallet supports popular cryptocurrencies such as Etherum (ETH), Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), Cardano (ADA), and many more.
- Transaction History
Through this feature, users could check the previous transactions with the details related to a crypto transfer. Henceforth, they would have track of this information and spend wisely.
- Automated Session Logout
One of the most important security attributes. In which the account will be logged out automatically if the page is idle for too long. After the session is timed out, users can manually log in to it with the correct login credentials.
Are you sure about taking a leap into crypto space? Opting for a white-label cryptocurrency wallet will be a good choice. It comes with various perks, including end-to-end customization for your requirements. Can’t wait? Avail of the cryptocurrency wallet development services from a well-renowned company.