Blockchain has started making its mark in every industry and it is getting adopted in some or the other way. As a fintech service, it has been acknowledged all over the world and now developers are making it available to big or small companies. This is indeed an achievement for blockchain enthusiasts who want this technology to reach every device.
The need for applications facilitating bitcoin wallet app and other cryptocurrencies has been growing steadily. It makes things better for new enterprises looking forward to hiring developers.
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What’s with Bitcoin?
The original cryptocurrency, Bitcoin has gained prominence because of its value which grew stupendously a couple of years back. It enables the individuals to make transactions without having to deal with hefty charges as it rules out the participation of middlemen. However, it’s price saw a consistent downtrend recently and it is trying to recoup now.
Future of Bitcoin
The usage of cryptocurrency is increasing gradually which indicates that Bitcoin will certainly make progress and will be a dominant method for making payments.
Sensing the opportunity, various developers have already started developing Bitcoin wallet applications which could be easily used on your phone on different platforms such as iOS and Android.
Why do we need such apps?
Bitcoin has created quite a buzz and due to increasing value, many organizations have incorporated it as a method of payment. Now there are many services for which you can in Bitcoin using a digital wallet which could hold cryptos.
Besides Bitcoin, these wallets can store many other cryptos such as Ethereum, Litecoin, etc. And they make the transactions much easier and faster without jeopardizing the security.
The best thing about these apps is that they can be used on your phone which makes your assets accessible anywhere and anytime.
Using these wallets, you can process remittances at a much better speed. They also make your transactions anonymous which is not possible with any centralized mechanism. With such features, cryptocurrency mobile wallets become very useful for token holders. The surge in ICOs has also resulted in a significant increase in the usage of tokens.
Related: How do cryptocurrency wallets help you strengthen your business?
The essential attributes which you need to look for in the blockchain applications
- Making the sending and receiving easier for users.
- Checking the validity of every wallet with its range of options.
- The functionality of QR code for initiating the transactions.
- Inclusion of the Hash function for purchases.
- Sharing the wallet addresses with QR code photo, duplicate message.
- Ensuring the backup and performance with global wallets.
- Advanced security with system fingerprint, application pin and face unlock feature.
- Inclusion of multiple languages.
Some advanced functions for enhanced security
- Two-step verification
- Generation of 24-digit seed
- Integrated with multiple addresses and HD as well
- Core integration of trading mechanism which allows buying and selling
The average cost of Bitcoin Wallet App development
There are a few things that impact the price and you should be able to consider each one of them before even planning the process of development. It makes things easier at advanced stages.
The most important thing to consider is undoubtedly the security mechanism. On the basis of that, you decide how many and what all types of coins could be included in the wallet.
Before it becomes ready for the end-user, you need to ensure that the product is 100% safe and hack-proof. With a feeble framework, you cannot imagine fending off the security risks involved in monetary transactions.
It is hard to estimate the correct price for developing the Bitcoin wallet, but considering all the necessary features and add-ons, you may end up paying something between $5,000 to $20,000. You must choose an experienced developer who knows how to make the system more robust.
It is recommended to fix your budget before kickstarting the development process and also to figure out what features you want to incorporate into the app. Once you have figured it out, then you should start looking for a developer who makes your vision possible.
Technoloader is a name that you can rely on when it comes to cryptocurrency wallet development services. Our team has made it possible for many clients and we can deliver a wallet which could host various features and provide satisfactory services to its customers.
For developing a flawless cryptocurrency wallet app development, you need to contact only the best. We are a team which makes it happen for you without a chance of failure.
Want to know how much would it cost? Feel free to contact us and discuss the details call at : +91 7014607737 (Whatsapp) | Skype : technoloader | E-Mail: [email protected]
