Cryptocurrencies have become incredibly popular, and nowadays, investors are exploring different ways of making money.
Bitcoin is progressively becoming the universal payment method accepted even by world-renowned companies such as WordPress, Amazon, Bloomberg, and others.
Cryptocurrencies’ adoption rate has increased the demand for crypto wallets that allow fast, secure, and easy transactions. What’s clear is that businesses that focus on rolling out a secure and user-friendly wallet are more likely to gain an essential competitive edge and acquire more users.
Why should you build a crypto wallet app?
- Easy to use
- Facilitates the process to send and receive Bitcoins
- Allows access to your Bitcoins anytime, anywhere
The main features of a crypto wallet
- user authorization
- the wallet itself
- private keys for user cryptocurrencies
- multicurrency support
- conversion rates
- the ability to view cryptocurrency balance any time
- QR code scanner (to send and request money)
- push notifications
- backup and restoration function
If you plan on building a cryptocurrency wallet, let us show you why opting for custom software development is the best decision you can make. You can save costs and you will be able to stay on top of your competitors!
Build a crypto wallet that meets your company’s unique needs!
Custom software development is the solution that many companies don’t know they need, but there are many reasons you should choose it!
Custom software can help you bring to the application certain unique features, which otherwise out-of-the-box software can not provide them.
Here are the most important reasons:
To optimize integration
One of the main advantages of custom software development is that it can enhance the integration of multiple business systems into one function app. Besides, you can choose which features you wish to integrate. It will also reduce the time you spend on using different systems for every aspect of your business.
A successful integration should enable existing, new, or legacy systems to handle deposits, transfers, the transformation of one digital asset into another, and more.
You will be able to build integrations with wallets or other platforms for payment processors, banks, exchange integrations, and other digital fintech systems.
To reduce costs
Software development sounds like an expensive service, and we won’t lie; in some cases, it is. When we add the term “custom” it will immediately look way more expensive.
The out-of-the-box software is always going to be cheaper. In the long run, however, custom software might be paying off.
Having software designed specifically for your needs and objectives will definitely save you some money in the future, and with its help, you will be able to have a different app, unlike your competitors.
You may cut the development price if you use cross-platform development
If you want to develop an application for a crypto wallet, you might think you need to create it individually for the two of the most successful operating systems: iOS and Android. But opting for cross-platform mobile app development is more efficient because it can simplify the entire development process.
By embracing cross-platform development, you can achieve huge advantages from faster turnaround time, lower costs, rapid deployment, and ongoing management facilities. It’s not hard to see how working together these elements can help you realize a higher ROI than native app development could achieve.
To increase the value of your company
Think of it this way: every time you spend money on out-of-the-box software, you are investing in a different business. If you choose to work with a custom software development team, then all the effort go back to expanding your business value. It also helps you create the best possible solution for your employees and customers.
Many businesses don’t realize the advantages of developing custom software.
Having a software that works for your needs, in particular, is already a step forwards itself.
For better security
If you want to make a crypto wallet secure, you should be aware of the most common threats. Phishing, duping, PIN code stealing, and more. Attackers always try to obtain the user’s cryptographic key, which is why most of the threats aim to get it.
With custom software, you will be able to provide high-quality encryption methods for your users to build a properly secure crypto-currency wallet. Passwords long and strong, 2-factor authentication (with SMS or Google Authenticator).
You can also add Seed phrase protection to build a secure Bitcoin Wallet. Seed phrase is a security measure when users are offered to either write down a 12, 18, or 24-word phrase which is tied to their private key.
You can also read about the advantages of custom software in our article: Reasons Why Your Company Needs Custom Software
If you are looking for the best solution for your business, you should consider custom software development. Don’t skip this amazing chance to improve your work processes!
We believe that every business is unique, and we can help you find meaningful solutions that can bring a significant change to your business. We provide business-oriented cryptocurrency wallet development services to help you launch your crypto wallet quickly and efficiently! Let us know how we can help you!