In today’s digital
era, cryptocurrencies are emerging as the new gold. All of the investors,
whether retail, institutional, or hard-core traditional investors have started
investing in cryptocurrencies. The next question is – where to safely place cryptocurrencies?
The answer is – cryptocurrency wallet.
wallet is a software program that stores public and private keys and can be
used to send, receive and store cryptocurrencies.
Firstly, let us focus on how it can benefit you to create your own cryptocurrency wallet.
The transactions are safe and reliable through crypto wallets. It eliminates
double-spending and the whole framework works on the mechanism of proof of work
and is managed through a consensus algorithm.
international payments: The crypto assets stored in the wallets can
be transacted internationally instantly without the intermediation of any third
party. This is in contrast to the conventional payment method, where you have
to wait for a couple of working days, or sometimes more, to complete the
transfer process and it also charges a high transaction fee.
- PCI (Payment Card
Industry) standards not required: Crypto wallet maintains a high level of
security of users’ funds without violating the privacy of users. However, on
the other hand, credit cards ask for the detailed personal information of users.
Crypto wallets have come up with the feature of multi-signature to further
secure the transactions. This feature makes the co-signers come together and
authorize the transaction, making them more secure.
The technology reinforcing cryptocurrency is blockchain technology. It works on
the decentralized technology that offers trust and transparency.
Types of cryptocurrency wallets
wallets come in varied types and each type of wallet is formulated to cater to
the specific needs of different user-base. We will further outline various
types of crypto wallets that have created an impact in the crypto market.
- Desktop Wallet
- Online wallets
- Mobile wallets
- Hardware wallets
- Paper wallets
Though all the crypto wallets are in use, some crypto wallets are creating a major impact and influence in the global crypto market. When planning to create your own cryptocurrency wallet, a mobile wallet is a good option to acquire a large number of users. Desktop wallets are preferable only in case you need to store crypto assets for a longer time.
Now let us comprehend how to create your own cryptocurrency wallet and how can you protect your wallet from spamming and hacking.
How to create your own cryptocurrency
If you are considering developing your crypto wallet, then you should associate with a reliable cryptocurrency wallet development company.
At Antier, we offer
customized services cryptocurrency wallet development services to cater to
diverse business needs. We offer a highly-secure, multi-currency white label
wallet underpinned by market-leading features like 12-word mnemonic phrase,
biometric authentication, multi-signature, QR code scanner, self-explanatory
interface, and more. Our white label can be launched into the market under your
brand name in just 3 weeks.
Additionally, we can help you create your own cryptocurrency wallet from scratch, as per your business needs.
View a of our white cryptocurrency wallet, or connect with our subject matter experts to share your needs for a custom wallet.