In the last few years, it has been observed that crypto has started to rule over the global financial market extensively. Different entrepreneurs, as well as investors, are attaining an ample amount of profit by trading through this digital currency on different crypto exchange platforms. Due to this, businesses are identifying it as a ray of hope in this new form of currency.
As the popularity of this digital currency is shooting up, the demand for White Label Crypto Wallet Development is also increasing. The experts in the market opine that financial firms can save approx $12 billion in a year by adopting blockchain technology. Due to this, businesses have initiated to invest in crypto wallet development.
The majority of businesses are choosing white-label crypto wallet development solutions as they a ready to use and can also be customized as per the needs of the business. Quick launching is one of the major advantages of this digital platform as it can be launched under a brand name within the name.
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Benefits of White Crypto Wallet
Now the major area of concern is how to develop this crypto wallet just in one week? Is a white label crypto wallet better than other types? Yes, we can say that this type of wallet is more fruitful as the development cost and time is minimal. This type of platform is also very easy in its scalability as it can be adjusted in any size or capacity or size.
Stages to Develop White Label Crypto Wallet
It is very crucial that for developing a feature-rich, robust, and a secure white label crypto wallet, majorly three following stages should be considered:
Usage of Libraries for Android and iOS
The majority of digital currencies are open source. Due to this, we do not require to reinvent the wheel for developing a crypto wallet. The usage of the library would be the most feasible option for you. Your wallet developer would be assisting you with the best available technology that suits your firm.
By using APIs, ensuring the synchronization of the crypto wallet into blockchain technology
As the second stage of your crypto wallet development, the usage of distributed ledger API will be allowed in synchronization efficiently with the help of blockchain solutions.
Integrating the Bitcoin as a Payment Option
To attract more users to your crypto platform, you should provide the facility to use bitcoins while making payments. For this purpose, it becomes necessary that bitcoin payment should be integrated within the crypto wallet.
How to Develop Your White Label Crypto Wallet Secure?
Two Factor Authentication: The wallet that you would be developing must be possessed by the two-factor authentication system. For this purpose, you can incorporate the unique pin code in your wallet for ensuring more security.
Multi-Signature: The multi-signature is a security feature in which it would be required that more than one user sign and validate the transactions. With the help of the multi-signature, crypto users will be able to secure their funds and it will be built trust in your platform. For instance, whenever you get a locker in the bank, it would only open when your key and the key lie with the bank authorities both will go into the keyhole at the same time.
Wallet Backup: There is a possibility that the electronic device that is having the wallet gets broken or any other inevitable incident could occur. To overcome this issue, your wallet should be possessed with a mnemonic phrase seed so that your wallet can be re-installed on another device and your crypto-assets do not become waste.
Offering Continuous Security Updates: Nowadays hackers are also technologically advanced and for this purpose, you should provide regular security updates. The notification should be sent to all the users whenever a new security update is being offered by you.
Technoloader is the leading developing company that can develop a White Label Crypto Exchange Wallet for your business as per requirements. We have a team of highly experienced and dedicated professionals who will be available for your assistance. Feel free to connect with our subject matter experts for developing a customized crypto wallet.
If you are looking for any kind of wallet development services then call us:+91 7014607737 | Mail us: [email protected]
