Planning to build a cryptocurrency wallet that has incredible features to make your trading experience a memorable one.
Having a hard time to understand about How to create a customized cryptocurrency wallet. Then no need to worry, we will help you with that.
Before getting into the details let’s just see a gest about cryptocurrency wallet.
What is a Cryrptocurrency Wallet?
You can imagine a wallet as equivalent to bank account, as plays it similar role by enabling the users to send , receive and store bitcoins and other cryptocurrencies. The wallet (a software program) consist of flexible features that stores public and private keys the make a crypto transaction. So newbies, if you want to use cryptocurrencies you will need a place to store and use the cryptocurrencies.
Then, why should you have a customized one?
- Wallet would have a larger space to hold a spectrum of cryptocurrencies without running out of space.
- Wallet helps in avoiding any mix up of cryptocurrencies.
- Acts as a very good tool to keep tabs on previous and current transactions.
The most common type of wallets
Hardware wallet is the most safest types of cryptocurrency wallets out there and it keep your private keys on a hardware device like a USB drive. You are still able to make online transactions. The process of using hardware wallet is simple.
Paper wallet a super cold cryptocurrency wallet. To use this paper wallet, you’ll need to print out your private and public keys. You can send funds by transferring the fund to public address of the wallet and by entering your private keys or scanning the QR code on the paper wallet, you can withdraw or send your currencies .
Desktop wallet can be safer than online wallets. You can download your desktop wallet and install it on your System. If a computer has never been connected to the Internet, it essentially becomes a cold wallet. Desktop wallets are especially safe if your computer has never been connected to the Internet.
Basically, mobile wallets are the apps running on smart phones. Mobile wallets are mostly used by retailers who accept digital currency. Just like Payment apps, you can use mobile wallets when shopping in physical stores as cryptocurrencies become more acceptable.
An online wallet, also known as a web wallet. It is one of the least secure types of cryptocurrency wallet. But it can be easily accessed from any location that makes them very convenient.
Working of the cryptocurrency wallets
Ok, now that we have seen the basics of a cryptocurrency wallet, lets get into its working principle.
By matching the private key in your wallet with the public address the currency is signed off to, you will be able spend the coins sent by someone and unlock the funds signed off from their ownership to your address.
Where can the Cryptocurrency wallets be found or how can you make a cryptocurrency wallet?
Cryptocurrency wallets are available via browsers, and can be easily downloaded on smart phones as an application. The wallet creation will be different based on their security levels in each type of crypto wallet.
Most of the crypto users prefer mobile and web wallets as they allow easy, quick and round the clock access to crypto assets. But, Online wallets are more vulnerable to cyber attacks compared to hardware wallets. Getting a customized wallet with high security will prove to be a great vantage.
Where to get a white label cryptocurrency wallet in just 3 weeks
Pulsehyip, a experienced Cryptocurrency wallet development company will help you in providing a highly secure, cross-platform compatible customized wallet at short span of time. Our customized wallet will contained various features such as
- 12 mnemonic word phrase
- biometric authentication
- multisig support
- password protected access
- QR code scanner
- NFC support
- intuitive interface
Our customized wallet will be able to support a varied spectrum of cryptocurrencies including coins and tokens. You can directly connect with our experts to get a free demo for your customized wallet. Our experts are approachable and will be able to develop your wallet from scratch.