How much does it cost to develop a Bitcoin Wallet application?: Cryptocurrency wallet development

How much does it cost to develop a Bitcoin Wallet application?: Cryptocurrency wallet development

Webllisto | April 25, 2022

In the last few years, the term cryptocurrency has infiltrated the minds of people all over the world. The digital currency has gained a pivotal position in the investment sector and this novice investment is built on a Blockchain network with secured cryptography for enhanced security.

Prior to gaining insights on Cryptocurrency wallet development, let us first understand the basics of the Cryptocurrency wallet.

 

What is a Cryptocurrency wallet?

 
Similar to online payment wallets, a cryptocurrency wallet is an app that stores digital tokens with immense features of trading with embedded Blockchain security. With increasing traction in the cryptocurrency world, there are numerous options available for the Crypto wallet development services. However, most of the crypto wallets are reinforced by Ethereum or Blockchain, but some of the companies deliver customized solutions to meet their business requirements.

 

What features does an exceptional Cryptocurrency wallet Application encompass?

 
For the manageable operation of the digital assets on the cryptocurrency wallet, a robust and efficient storage platform is a mandatory requirement. For smooth transactions of cryptocurrencies, a wallet with extravagant features can assist in fluent transactions. The following features are the highlight of the Cryptocurrency wallet development:
 

• Quick registration

   
  A crypto wallet app should be effortless to get registered on. An easy registration can propel the trading with higher efficiency.

 

• OTC trading

   
  Over-the-counter trading refers to transactions carried in private with crypto-to-crypto trading and fiat-to-crypto trading.

 

• Multi-device supported

   
  The wallet should be compatible with numerous devices in real-time with improved security measures.

 

• KYC verification

   
  A mandatory feature for validation of the users and traders. Through the KYC feature, the transactions could be made legalized and reinforced with government guidelines.

 

• Superior security

   
  The security Blockchain technology imparts should not be underrated to refrain from fraud by third parties. With the blend of private key encryption, the disaster of theft is almost rendered impossible.

 

• Prompt trading

   
  A wallet should be accessible at all times for instant trading facility through their credit cards to maintain the trade streak.

 

• In-chat trading

   
  In the era of instant fund transfer, secured yet highly efficient In-app trading is a go-to feature.

 

• Auto denial of fraudsters

   
  A golden feature for crypto wallet users is the AI that enables the discarding of the fraud payment to ensure transaction safety.

 

• Smart Portfolio management

   
  Your investment portfolio could be managed with updated regulation and growth potential statistics of your digital asset for a lucrative outcome.

 

Types of cryptocurrency wallets

 

• Desktop wallet : Similar to software that operates on Linux, Windows, and macOS.
• Mobile wallet : Now access the wallet at your fingertips
• Online wallet : Operable in any corner of the world.
• Hardware wallet : Now store the wallet in USB for secured data.

 

Advanced Technological stack for crypto wallet development

 

• Java

• C++

• Python

• Rust

• Go

   
  The following libraries you can incorporate for the Crypto Wallet Development:
   

  • Awesome CryptocoinJs
  • Pycoin
  • BitcoinLib
  • BitcoinJ

   
  Store the database on:
   

  • PostgreSQL
  • MySQL
  • Cassandra
  • BigchainDB
  • AWS Quantum Ledger Database

   

  Projected costs for Crypto Wallet development services

   
  After being aware of the benefits of the crypto wallet, a question that pops into our minds is, what is the cost estimation of this amazing service offering? Well, the answer to this question is variable. We at Webllisto technology render comprehensive Crypto wallet development and Cryptocurrency Consulting Services. across the globe. However, the services we render are customizable for industry-specific requirements. To extract a complete cost estimation of the Cryptocurrency wallet development services., utilize our project cost calculator listed on our website and know the cost of developing a secured Bitcoin or crypto wallet by adding in the fields for customized options.
   
  Webllisto’s services are widely appreciated by clients over the world and we are known to render impeccable support and maintenance services with customer satisfactory responses.