Cryptocurrency wallet is a software functionality allowing users to earn, monitor and transfer virtual currencies. Unlike existing banks or pocket wallets that store physical currencies, cryptocurrencies can only be recorded as transactions on the blockchain technology.
The Advantages of Multi-Cryptocurrency Wallet
Hundreds of distinct cryptocurrencies have come into existence. Each holds unique infrastructure, ecosystem and purpose. If you’re inclined to using different currencies, the multi-currency wallet will let you access several currencies from the same/single wallet.
Detect Duplicate Payments
It’s rather risky for fund suppliers to reap more out of nothing or precisely by performing fraudulence. With the 2-factor authorization protocol, the private wallet keys are extremely secured.
Autonomic Session Logout
In order to enhance the primary security process, every single session logs out automatically. Initiating new login triggers after every X time (minutes or hours) will apparently keep the fund and account secured.
Every cryptocurrency is supposed to contain after it hits/surpasses specific value. Because the quantity of virtual currency cannot exceed certain value/amount, the cryptocurrency can ever stay off the inflation grid.
Cryptocurrency Wallet Development Features
To maintain a secure user account
Most used address
To access all the readily available user addresses
Paper wallet development
To be able to scan and process paper cryptocurrencies
To instantly view the updated cryptocurrency value
QR code scanner
To send and accept cryptocurrencies in a single click
To get alerts on transactions and when the value/ price of cryptocurrencies change
To join as a merchant and to browse other cryptocurrency merchants
To protect the user accounts with password and PIN
Auto denial of duplicate payments
To completely avoid chargeback
Favourable session logout
A security measure that automatically logs out user from their account
Types of Cryptocurrency Wallet
- Mobile Wallet
- Efficient enough to accept or send payments anywhere.
- Can support hardware wallets like QR code scanning.
- Web Wallet
- Quicker way to complete transactions.
- Ideal for minimal cryptocurrency savings.
- Allows multiple cryptocurrency transactions.
- Allows direct integration into an exchange
- Desktop Wallet
- Easy to use
- A cold storage option doesn’t need any energy source.
- Comes with private keys.
- Will not be stored on a third party server.
- Hardware Wallet
- Easier and safer way to store crypto for long-term.
- Stronger security for all other wallets.
We'd love to hear from you
We are here to provide you with more information, answer any questions you may have and create an effective solution for your instructional needs.