How to Develop a Bitcoin Wallet App for Business?

Bitcoin is a prominent cryptocurrency and it has a huge market value in the trading platforms. Once bitcoin got more prominence among investors and traders, many blockchain-based projects started to be introduced in the marketplace. The increasing popularity of bitcoins made many traders buy/sell bitcoins in the exchange. But to keep those bitcoins safe and secure we need a top-secured bitcoin wallet app. In recent times, bitcoin is ruling the entire crypto market by the price fluctuations. On the other hand, many investors and traders are making enormous amounts of profits by trading bitcoins.

So after bitcoin trading what will happen? He/she wants to store in a secure place, right?. The trader must have a bitcoin wallet app on his/her smartphone to store bitcoins securely. Nowadays, many people use smartphones and internet users are increasing day by day. This attracted many budding startups and entrepreneurs to develop a bitcoin wallet app for business. Besides these, many industries started to accept bitcoins and adopted powerful blockchain technology for security and monitoring. Thus, the bitcoin wallet app plays a significant role in the current crypto marketplace. So some startups and entrepreneurs started to create their own bitcoin wallet app with the help of a professional bitcoin wallet app development company.

If you aren’t aware of the bitcoin wallet app and how to develop a bitcoin wallet app. Then this mind-blowing article will assist you with everything that you need to know about bitcoin wallet app development.

So now, let us begin this article with…

What is a Bitcoin Wallet App?

The Bitcoin wallet app is a crypto wallet mobile application and it is mostly used to store, receive and transfer bitcoins. Not only bitcoins, but it also supports many major cryptos like ethereum, litecoin, and much more. Bitcoin wallet apps are also used to monitor your bitcoin balance easily. This wallet app can perform secure bitcoin transactions from one wallet address to another. Besides these, users can also store and receive crypto tokens on different blockchains.

Most popular crypto exchanges have their own bitcoin wallet app with eminent features. Thus, having a bitcoin wallet app is more essential for the crypto trading business. With a crypto wallet app, users can exchange their desired cryptocurrencies from anywhere and at any time. Bitcoin wallet app can record your transaction and acts like an online banking platform. Blockchain-powered wallet app has both the private keys and public keys for the secure bitcoin transaction.

Whenever a user transfers the bitcoin from the wallet app. They should enter the private key which acts as a passcode and is more essential in a bitcoin wallet app. (Note: sharing the private key is not secure). In a bitcoin wallet app, the public key acts as an account number. A public key is a security code that has both alphabets and digits. It is directly connected to the wallet balance.

Bitcoin Wallet App Storage Types in the Marketplace

There are three distinct types of storage in a bitcoin wallet app, they are

1. Hot wallet

2. Cold wallet

3. Warm wallet

#1 Hot wallets

Hot wallets are online storage and they can be accessed only when there is an internet connection. A hot wallet links both the private key and public key for the secured bitcoin transaction. Many of the investors and bitcoin traders prefer hot wallets on their own decision. But in some cases, hot wallets may get hacked by anonymous hackers or by any cyber attackers. Because those attackers will mainly target bitcoins available in the hot wallets. The major benefit of using the hot wallet is, users can store and receive bitcoins online without any hassle.

#2 Cold wallets

When it comes to cold wallet storage, they are completely offline storage and there is no need for the internet to access your bitcoin wallet balance. In the crypto space, it is the most popular bitcoin wallet storage type used by all startups and entrepreneurs. Also, some bitcoin traders preferred cold wallets rather than hot storage type wallets. It also holds all major crypto tokens and digital currencies in offline storage. The chances of hacking and stealing bitcoins are less possible in cold storage type wallets.

#3 Warm Wallets

Finally, it is also the most preferred bitcoin wallet storage type. It is a mixture of both the hot and cold wallet storage type. A warm wallet has both the functionalities of a hot wallet and a cold wallet. So when you develop a bitcoin wallet app, you can prefer this storage type. It might help you to attract more bitcoin users to your app.

Popular Bitcoin Wallet Applications in the Global Crypto Market

As of now, there are several bitcoin wallet apps available in the crypto market. Also, daily new blockchain-powered wallet apps are showing their existence with many exciting features. But from the recent surveys, only a few bitcoin wallet apps are having millions of active users with ideal features for their users. So here is the list of some of the best bitcoin wallet apps that are prevailing in the marketplace.

1. Coinbase wallet

2. Exodus wallet

3. Copay wallet

4. BRD wallet

5. Jaxx liberty wallet

6. Keepkey wallet

7. Trezor wallet

8. Electrum wallet

9. Guarda wallet

10. Free wallet

11. Infinito wallet

12. Nexo wallet

13. Bitcoin wallet

14. Blockchain.info wallet and more

These are the finest bitcoin wallet apps that are gaining more prominence in the crypto space.

Notable Reasons to Develop a Bitcoin Wallet App

It is impossible to perform Bitcoin transactions without bitcoin wallet apps. As I said previously, a bitcoin wallet application is a software mobile wallet that can store, receive, and transfer bitcoins securely. Now, let us see some of the reasons to develop a bitcoin wallet application

1. Fast & Easy Bitcoin payments

Performing transactions between different bank accounts is simple and easy. However, when facilitating bitcoin transactions to multiple institutions might take more time. Especially if it involves a massive amount of bitcoins. It also usually requires so much time. When you develop a blockchain-powered bitcoin wallet app, then you can offer quick bitcoin transactions to your app users. In return, you charge fees for every successful bitcoin transaction that is done from your wallet app.

2. A higher level of security

In the bitcoin wallet app, all the transactions are performed securely. It provides an entirely safe and reliable transaction between the users. So you can build trust between users easily.

3. Anonymous transactions

In general, bitcoin transactions are known for their complete anonymity. You can use these systems without providing your previous credit history. On the other hand, there is no need to provide any personal information to perform transactions. To make bitcoin payments, users will only need a bitcoin wallet address. It provides all the information about the bitcoin transaction. So it will be anonymous for both the users.

4. Crypto is not exposed to inflation

Inflation often affects fiat currencies when a crisis comes. But Bitcoin is not depreciated because it is more prominent and it will be in the first position in the marketplace until the existence of digital currencies.

These are essential reasons to build a bitcoin wallet app for your business. Now, you may have a question in your mind: how to develop a bitcoin wallet app?. So now, let us see...

How to Create a Bitcoin Wallet Application?

For your question - how to develop a bitcoin wallet app?. The answer is, you can develop a secure and stunning bitcoin wallet app in two possible ways. First, if you are a certified and well-experienced developer in the blockchain field and in developing applications in both android and IOS. Then you can develop it by yourself with the help of the latest technology stacks and libraries for easier bitcoin transactions. You can either use the coinbase software development kit(SDK), Bitcoinj (SDK), or blockchain wallet API for creating a bitcoin wallet app. So to develop a bitcoin wallet app from scratch requires significant programming skills. If you don’t have skills then it would be a risk for your project.

Secondly, you can connect with the leading bitcoin wallet app development company to develop a superfine bitcoin wallet app from scratch. Because development firms will have skilled and experienced blockchain developers to develop and deliver the project within the desired time. So the choice is yours. If you are developing a bitcoin wallet app by approaching the blockchain wallet development company, then you need to consider the following steps. They are mentioned below.

#Step 1

First, you need to do complete market research on wallet apps and gather the latest features that are prominent in the marketplace. Then, you must decide the design of your bitcoin wallet app. Also, you must select the name and logo of your bitcoin wallet mobile app.

#Step 2

Choose the right bitcoin wallet app storage type. As previously said, there are 3 main storage wallet types like hot wallet, cold wallet, and warm wallet. Thus, select the perfect wallet storage type that matches your business needs

#Step 3

Select the way of creating your bitcoin wallet app. There are two ways to develop your wallet app. First, you can use tailor-made templates and a set of tools. So it helps to customize your bitcoin wallet app based on your business needs. Else, you can develop a bitcoin wallet app from scratch by choosing the top-notch bitcoin wallet app development company that will perfectly suit your business requirements.

#Step 4

If you have chosen the bitcoin wallet development method. Then find a trust-worthy bitcoin wallet app development company in the blockchain industry. Because a reputed development firm will have a great experience in providing bitcoin wallet app development services with perfect outcomes.

#Step 5

Select the type of platform that you are planning to develop your bitcoin wallet app. But developing a bitcoin wallet app on both Android and IOS mobile platforms will help you to attract many bitcoin traders and investors worldwide.

#Step 6

Then you need to create secure private and public key codes for your bitcoin wallet app.

#Step 7

By utilizing the finest bitcoin wallet app development service, you can easily build the bitcoin wallet app for your business and you can start making endless profits.

Follow these above-mentioned steps and develop your secure crypto wallet app easily.

Now, let us see…

Desirable Features of Bitcoin Wallet App Development

Features play an essential role to make a bitcoin wallet app a perfect and successful one. Here is the list of ideal features that you must enable while developing a bitcoin wallet.

1. Two-factor authentication

2. Profile settings

3. Paper wallet import

4. Exchange rate

5. HD wallet

6. Push notifications

7. Creating a new wallet address

8. Secure backup of data

9. QR code scanner

10. Password and pin security

11. Optional logout

12. Restore functionality of international wallets

13. Multi-language support

By enabling these outstanding features, you develop a superfine crypto wallet app easily. All you need to do is choose the best bitcoin wallet app development service offering company.

Benefits of Choosing the Best Bitcoin Wallet App Development Service

1. Users can perform Instant and secure bitcoin transactions.

2. Private keys, public keys, and authorization features will be enabled in bitcoin wallet app development for secure transactions.

3. If you have a crypto trading platform, you can easily connect your app with your exchange

4. Your users can easily monitor their bitcoin balance

5. By enabling the cold wallet storage type, your users can keep their bitcoins safe and secure

6. There is no limit on storing and withdrawal of bitcoins

7. You can eliminate cyber attacks and fraudulent activities by using the best bitcoin wallet app development service

8. User’s bitcoin transaction information can not be monitored by any central authority

9. There will be no third-party interference during the bitcoin transactions.

Now, your mind strikes an ideal question like…

Where Can I Get the Best Bitcoin Wallet App Development Service?

When people search for the best bitcoin wallet app development service, they naturally end up with Zab Technologies. Zab Technologies, the top-notch bitcoin wallet app development company in the blockchain industry. Being an early bird in the blockchain industry, they excel in developing and delivering stunning bitcoin wallet apps with cutting-edge features and high-end security mechanisms. Their bitcoin wallet app supports all major mobile platforms like Android and IOS. They have so far delivered plenty of bitcoin wallet applications to their global clients who have reached great heights today in the market. They have a team of dedicated blockchain-powered wallet app developers to complete the project within the given time frame.

If you are looking to create a feature-packed crypto wallet app at an affordable cost. Then choosing Zab Technologies will be the best solution. By reaching them, you can create your own bitcoin wallet app with advanced security features for both android and IOS that might help you to gain endless profits!