Wallet Development

Wallet Development

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

Multi-Currency

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.

Inflation-Free Investment

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

2-Factor Authentication

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

Conversion rates

To instantly view the updated cryptocurrency value

QR code scanner

To send and accept cryptocurrencies in a single click

Push notifications

To get alerts on transactions and when the value/ price of cryptocurrencies change

Merchant services

To join as a merchant and to browse other cryptocurrency merchants

Security

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.

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