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Cryptocurrency Wallet App Development
Our Services
Cryptocurrency Wallet App Development
Cryptocurrencies have had something of a bumpy ride since they were first invented by the mysterious (and probably non-existent) Satoshi Nakamoto in 2009. But while the major cryptocurrencies like Bitcoin can experience dizzying highs and depressing lows there is no doubt that the overall trend is toward higher valuations and wider acceptance.
As a result, reliable mechanisms for trading and storing cryptocurrencies are in demand and AppDigitally is at the forefront of offering cryptocurrency exchange app development and cryptocurrency wallet app development.
Why choose Appdigitally?
Professional iOS App Developers
Proven Track Record
Low Costs
Cryptocurrency Exchange App Development
Cryptocurrency Exchange App Development
At AppDigitally we specialise in the development of bespoke cryptocurrency exchange platforms that feature rock-solid security and dependability. Because cryptocurrencies only exist in a digital state keeping them secure and maintaining the integrity of the blockchain is of paramount concern.
Our team of experts were chosen by us specifically for their proven ability to produce crypto-related software solutions that are trustworthy, easy to use, versatile and impenetrable. They create cryptocurrency exchange solutions that put a premium on guaranteeing integrity while executing high-volume trades between currencies quickly and reliably every time.
Cryptocurrency Wallet App Development
Cryptocurrency Wallet App Development
Trading your Bitcoins, XRP, Cardano or other cryptocurrencies is one thing. Storing them safely is another matter altogether. These virtual currencies are stored in what are called “wallets”, which are in fact software programs that can only be accessed by the owner using a private key.
When you enlist AppDigitally for cryptocurrency wallet app development you can be certain the resulting wallet will integrate seamlessly with any investment platform or trading desk that features cryptocurrencies. Not only that but they will be extremely user-friendly so as not to intimidate first-time users.
Trust AppDigitally for All Your Crypto-Related Development Needs
Cryptocurrencies are here to stay meaning the need for better, safer, and more user-friendly crypto exchanges and wallets is a pressing one. Because of its purely digital nature, the unique value of the cryptocurrency is only matched by its potential vulnerability. Because of this, you need to make sure the company you choose for cryptocurrency exchange app development and cryptocurrency wallet app development is up to the task. That’s why so many people choose AppDigitally, and you should too. Give us a call to arrange an appointment.
How a crypto wallet works
If you are going to engage in cryptocurrency transactions you need a wallet address and a private key that provides you, and only you, with access to that wallet.
The wallet address is also known as a public key and it is roughly analogous to a bank account number. While the private key is roughly analogous to your PIN number.
As with a bank account number you can give someone your public key so they can make deposits to your wallet. However, in order to make withdrawals they would need your private key which, of course, you’re not giving out.
That said, a crypto wallet does not hold any actual cryptocurrency. What it holds instead is the encrypted location of your coins on the blockchain.
Anyone who gains access to those locations can take your cryptocurrency, which is why you keep those locations locked away in a wallet, accessible only with your private key.
The different types of cryptocurrency wallet app development
These are actual physical things that look similar to a USB drive. They’re called cold wallets because they are not connected in any way to the internet. This greatly reduces the risk of someone hacking your wallet and making off with your crypto.
Cold wallets are incredibly secure but they have a pretty significant downside: if you lose them, you lose your crypto.
Hot wallets are software programs or apps that you download to your desktop or smartphone. There are three kinds of hot wallets:
- Desktop wallets
This is a software program that is downloaded directly to your PC or laptop. This type of wallet is considered moderately secure, although they can be destroyed if you download a virus to your computer.
2. Mobile wallets
As the name implies mobile wallets are downloaded to your smartphone. They offer similar features to desktop wallets but you can take them with you wherever you go. Should you encounter a merchant that accepts crypto, mobile wallets can be used to dispense payment typically via QR codes.
3. Web wallets
Web wallets exist on a cloud platform meaning you can access them from anywhere using a desktop, laptop, tablet or smartphone, (as long as you can get an internet connection).
While web wallets really ramp up the convenience, this kind of cryptocurrency wallet app development tends to be the most susceptible to hacking, simply because the wallet is hosted by a third party.
To learn more about cryptocurrency wallet app development contact AppDigitally.
