You own some Bitcoins, trade them,
fine! But where do you store them? In a wallet, of course.
To be precise, a cryptocurrency wallet does not actually store your Bitcoins, it stores the secret key needed to access the Bitcoin addresses. If you do not already own a wallet and you need one, but you do not know how to create a BItcoin wallet app, seek professional assistance for hassle-free wallet development journey.
There are different types of wallets
based on the level of security they offer. You can choose the perfect one for
you. We are emphasizing on mobile wallets because a person might not carry his
wallet everywhere, but he would probably carry his mobile phone. And with
crypto wallet app installed in a phone, you have your crypto wallet with you
every time, every where.
What is a
bitcoin wallet app?
is an application, site or device which:
Contains private keys for your
Bitcoins, which help send or receive Bitcoins from other wallets and allow you
to check your crypto balance.
Bitcoin Wallets and which one should you choose?
Bitcoin wallets are basically categorized
as desktop, mobile, online and hardware wallets. They are available on every
platform – from Windows, Linux, OS X, Android, iOS, to Windows Phone. Let’s
learn about each of them individually:
Desktop Bitcoin Wallets: Desktop wallets appeared
with the Bitcoin itself. They are a great option for users making frequent
Bitcoin payments from their computers.
cryptocurrency wallet: It is a wallet that is virtually available and you can
connect to it anywhere by using a private key. It can be used when you need
access to your Bitcoins but you are not on your system.
Mobile wallets: These are the wallets
which you can run on your smart phone or tablet. This is a very good option,
and we advise you to study the question of how to create a bitcoin wallet app.
We will reason our case a bit later in the article.
Bitcoin hardware wallets: The private keys are stored
electronically in these types of wallets.
Paper Bitcoin Wallets: It is a document that
contains two keys: public and private. These paper wallets usually come with QR
You can choose any of the wallets
aforementioned, and if convenience matters the most to you, then you should
definitely go for Mobile Wallets i.e. iOS or Android apps.
Before we delve into the question of
how to build a cryptocurrency wallet, let us first check out what features
should it have to satisfy all your requests and needs.
the Bitcoin cryptocurrency wallet that you should incorporate:
Registration system is one of the
unconditional features that a wallet can integrate
Profile: contains all the
necessary personal information which can be used to manage Bitcoin payments
Built-in QR code
PIN codes to access the coins
Real-time payment tracking to track their payment transactions
Payment transactions via Bitcoin
URL, NFC and QR codes
Push-notifications are helpful in keeping the
user informed and updated on all the activities that take place on the wallet
Security: ensures that your wallet
is safe to store cryptocurrencies, and that users’ digital assets won’t be
How can you
protect your cryptocurrency wallet?
Security is a major concern for all
the crypto traders. The answer is simple, just be careful while managing and
storing your Bitcoins. However, the following guidelines can help you protect
your digital assets.
Encrypt your wallet: Wallets that are encrypted
are hard to hack and can alleviate security risks.
Take a Backup: Make sure that your mobile
or web cryptocurrency wallet is backed up at several places.
increases the level of security allowing multiple users to sign a transaction
using a private key. If someone wants to transfer Bitcoins, he needs at least
2-3 signatures to complete the transaction. The number of signs required can be
decided while creating an address.
create a Bitcoin wallet app?
If you need a market-ready solution, a
white label wallet makes the perfect option; it saves your time and money both.
A lot of prominent organizations like, Amazon have already done this. While you
plan to get a ready-made crypto wallet, make sure to reinforce it with the
right features for world-class security and user-experience.
On the contrary, you can get your
wallet developed from ground zero. This requires relatively more time and cost
than a white label solution, but it makes a better option if you want to
incorporate custom features and functionality into your wallet.
The journey to build a
cryptocurrency wallet can be smooth-sailing with an experienced wallet
development company. Furthermore, a clear understanding of your requirements
accelerates the development process. Determine whether you want to build a
wallet from scratch or need a white label wallet and partner with the right
company to steer your wallet development process.