In this article, you’ve learned how to develop a basic crypto wallet using Node.js, ethereum-cryptography, and ethers.js. Although this was an interesting engineering tutorial, it is highly recommended that you use already tested and proven wallet solutions instead develop cryptocurrency wallet of creating your own from scratch. This is an excellent feature for the security measures of your app. With this in place, your users, if inactive, will get automatically logged out after a fixed time and will need to re-login if they want to use the app.

develop cryptocurrency wallet

The cryptocurrency market has grown remarkably well in the last few years. Crypto traders are making huge profits on their investments, and it seems that this trend is going to stay for a long time. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. “Our developers have been working diligently, day and night, to build and deliver a superior VeChain wallet.

White Label Crypto Wallet Development – Develop a Crypto Wallet instantly

If you would like a quote for your wallet solution, please contact us via this feedback form. To make it sufficiently convenient for the developer, GitHub is a website and cloud-based service. Ensuring utmost security, the wallet must have automatic session logout features, provisions for auto-denial of duplicate payments, and a foolproof password and PIN protection mechanism. Moreover, RockX API has secure access control, preventing DDoS attacks and hacks. It keeps updating and upgrading the protection mechanism with the latest fixes and features regularly.

develop cryptocurrency wallet

If you wish to get the crypto wallet app along with the ICO dashboard that comes as an ICO script, then it may range from $14000. Now, you might come to the idea of creating your own crypto wallet by recognizing the exemplary benefits we offer. By enabling these features, your crypto wallet will be an outstanding one. Once after realizing the benefits and features of our white-label crypto wallet, you might be eager to know the cost to create a crypto wallet app. Most professionals agree that these technologies are the best choice for application development. The Purrweb team is no exception, which is why we create desktop apps with Electron.js, web apps with React.js and Node.js, and use React Native when creating mobile applications.

Why Create a Crypto Wallet App?

We can help you build a solution tailored to your needs or assist you in integrating an already existing solution. Lastly, releasing a native mobile app requires submitting your app to the app stores. After that, you will also need a developer account to launch your wallet. Apple’s iOS apps go through a review process which may take from a few days to several weeks to get approved. By contrast, Android apps do not require any review process and can become available in the Play Store within a few hours after submission. Mockups are created by applying your style guide to the app wireframes.

If you are a startup or you have a cool idea, a desire to grow and you need technical help, the Purrweb team can be useful to you. When it comes to the BitcoinJ SDK, it has all the appropriate documentation and is simple to use. Additionally, BitcoinJ is JVM-compatible and supports an ecosystem of languages, including C++, JavaScript, Python, etc. A huge percentage of all available cryptos use free open-source tools.

Independent Cryptocurrency Wallet Development

Well, it goes without saying that you want your crypto wallet app to stand out in the crowd. Know what they are doing, and which technologies they have incorporated. You can check out the features to see what unique features you can add to your app. You can share your bank account number with other people or institutions to send or receive money. Similarly, you can share your public key, which is your wallet’s address, to receive the crypto. The details we discussed in this article will guide you on how to create a crypto wallet.

develop cryptocurrency wallet

Let them view balances, transaction history, save addresses of other users, and link accounts of other banks and payment services. QR codes greatly simplify cryptocurrency transactions since the holders do not need to waste time entering keys. Moreover, this feature saves holders from the risk of making a mistake when entering the public key address and losing their assets. If you want your cryptocurrency wallet app to gain popularity among users, it must meet their demands and be able to perform many functions. This is the simplest type of cryptocurrency wallet that is popular among ordinary users.

Private Key Import

You may be familiar with the frequency of cyberattacks against digital currencies and wallets. Wallet apps are vulnerable to many security exposures because of the value and demand of cryptocurrencies. The next step would be to choose the appropriate cloud services for your application. Selecting an option called PaaS (platform-as-a-service) is highly recommended if you plan to create web-based applications. In the following chapter, we will look at how to develop a crypto wallet.

The root key actually generates all the other private keys for accounts and they can all be restored by this single root key. Blockchain is a promising and revolutionary technology that makes digital currencies (cryptocurrencies) work, just as the Internet makes e-mails possible. As the name suggests, a blockchain is a chain of blocks where the blocks contain digital information (data), and the chain is the cryptographic principle that is used to connect the data blocks. The whole purpose of using it is to allow the sharing of valuable data in a secure way.

Procedures in Transferring Your Crypto to Your Cold Wallet

The next development step is finding the right tech stack for your crypto wallet app. A mobile app backed by the latest technologies can help you stay up front in the competition. You can use Java or Kotlin for building native Android apps, while Swift or Objective-C is preferred for developing iOS applications. For developing a cryptocurrency wallet app in Android or iOS, Coinbase SDK, a cross-platform library, is usually preferred. In addition to this, it also supports multiple programming languages like Java, Ruby, Python, etc. Now that we have looked into the different features of a crypto wallet app, let us move ahead and break-down the overall costs of developing a bitcoin wallet app.

  • In addition to being more practical, these wallets are also easier to use.
  • Setting up any blockchain application requires a robust project assessment that can determine the expenses required .
  • A payment gateway integrated into your app can facilitate users to buy or sell their digital assets efficiently.
  • These libraries will implement the standard functionality of your application and synchronize it with the blockchain.
  • Get ready to work on both the app and the hardware device itself if you decide to create this type of wallet.

Desktop wallets function as an address where a user can send and receive bitcoins. Several notable desktop wallets include Bitcoin Core, MultiBit, Armory, Hive OS X, and Electrum. Most cryptocurrency wallets support Bitcoin and Ether, the two widespread digital currencies. However, with the growth in the number of altcoins, many desktop wallets support various cryptocurrencies nowadays.

How to Develop a Cryptocurrency Wallet, and How Much Does It Cost?

At its core, a crypto wallet could be a device or an application to help store crypto assets safely. When you choose a hardware device wallet, it resembles a USB stick. These are applications that allow users to print out a private key and passphrase to recover it on paper. This wallet cannot be connected to the Internet so hackers have no chance to hack it and steal all your money. But they also have some disadvantages since the text can fade when exposed to sunlight.