As the usage of Bitcoin and other cryptocurrencies increases, the number of Bitcoin wallet development companies is also increasing gradually all around the world.

Bitcoin is one of the most widely used currencies in this digital realm. Cryptocurrency wallet development became popular as they enable secure and easy transactions across the world.

There are many companies out there offering wallet development services, and so choosing a good one is really tricky.

Now let’s discuss how to choose a bitcoin wallet development company that provides you with the best features and services.


Points to remember while choosing the Bitcoin wallet development company.
Approach a company that has a clear business strategy
The first and foremost thing is to check out the detailed list of projects that have been completed by the company. Analyze and research thoroughly on the frameworks that they’re using.
It is necessary to check on the client section and the testimonials because companies might add the name of prestigious clients in order to attract clients and make their website more presentable.
Sometimes the company might list out that they are involved in some projects. So in such cases, it is wiser to ask for some proofs like contracts.
Research on the background details of the company on the internet
It is vital to check out the reviews on the internet before approaching a company. Take a look at both positive and negative feedback of the company.
If possible, try to contact the reviewer through email or by phone and clarify your queries about the company. It is also recommended to find reviews on third-party services like LinkedIn.
Check on the legal registration of the company
Scrutinize the exact location where the company is registered. It is always advisable to avoid the Bitcoin developers who are not legally registered under the given office location.
You should also cross-check the address mentioned on the website with the given legal documents.
Check on the global position of the company
While choosing a bitcoin wallet development company, the location and the timezone play very important roles. Always go for the company that has that same time zone as you so you can communicate with the company without any problem.
Check on the integrated features
You should look over the features that you want to integrate into your crypto wallet, and the company should also be able to provide you all the necessary features and services like those mentioned below:

User-friendly interface
Multi-currency support
Automatic conversion rate
Biometric authentication
NFC (Near Field Communication) support and much more.
Security and privacy features
The security and privacy features should be considered important characteristics of both customized and white-label Bitcoin wallets. Here are some security features that the company should provide”

Two-factor authentication
Password protect access
Automatic session logout
Biometric authentication
Push notifications or alert messages
Multi-signature support
Denial of duplicate payments
Partner with developers who have vast experience in Bitcoin wallet development
Hiring a service from a bitcoin wallet development company is equally the same as hiring a software development company. It is crucial to partner with the programming experts too because the codes used for blockchain development is C++, Phyton, JavaScript, Java, etc. And the smart contracts are written in solidity.
In developing a blockchain application, additional skills are required to handle certain areas like cryptography, Ethereum virtual machine, peer-to-peer networks, IoT, etc.
Finally, understanding your business is as important as other criteria because only then you can select a reliable company to get your work done.
Take away
These are some of the criteria that you have to look after while selecting your Bitcoin wallet development company. It’s never too late to adopt a bitcoin wallet because every individual will start using cryptocurrency as one of their payment methods in the near future. It’s up to you to either choose a customized wallet or white-label crypto wallet from the best Bitcoin wallet development company that offers the best service at a reasonable price.
katrinkunze 31 july 2020, 13:02

Blockchain is a technology that made cryptocurrencies popular. In “blockchain”, a ‘block’ refers to a record of all the Bitcoin owners (and other transaction details). The ‘chain’ states that the record is distributed worldwide, so it is difficult to alter the ownership record.

Blockchain wallet
The primary purpose of a blockchain wallet is to enable users to buy, sell, and monitor the balance of their digital assets.

Unlike traditional wallets, blockchain wallets do not save the cryptocurrencies. Instead, they record all the transactions like selling, buying, exchange, and storing them on a blockchain.


The internal working mechanism of a blockchain wallet
Basically, a blockchain wallet development stores private and public keys that are used for a transaction. The wallet interacts with multiple blockchains to verify and validate a transaction and enable users to buy or sell cryptocurrencies.

Now let us deep-dive and know what exactly happens in the background that makes the digital transaction possible through blockchain technology.

First and foremost, let us understand the concept of public and private keys that are stored on the blockchain for transactions. These keys are a compound of random numbers and alphabets. The public key is the wallet address, and the private key is the password of the wallet. The public key can be distributed with anyone, but the private key should be kept secret.
These keys work simple and similar to the lock and key concept. Consider the lock as your private key and keys as your public key. Many crypto users have keys, but the right key will open the right lock. Simply put, the private key is paired precisely with the public key.
Once the wallet is unlocked, the wallet owner can access the digital assets. Users can monitor the value of digital assets like Bitcoins, ICO tokens, etc. in their wallets.
FOR INSTANCE – If someone sends you a digital currency, the sender is assigning you as the owner of that cryptocurrency to the address of your blockchain wallet. Now, if you want to access those coins, the private key must match the public key of the currency that is assigned to you. If both key matches, then your wallet balance will increase. In this process, the whole transactions are recorded on the blockchain and the changes are then reflected in the wallet.

The Bottom line
There are many blockchain wallets available in the market, and each one of them is designed for different users. It is wiser to select a blockchain wallet that is strong on security and has not suffered from major hacks in the past. If you want to learn even more about blockchain wallets, then approach a blockchain wallet development company that takes your trading career to the next level.
katrinkunze 30 july 2020, 7:53

A bitcoin is one type of digital currency that does not exist in any physical shape or cannot be touched or feel. These digital assets are stored in a cryptocurrency wallet that consists of public and private keys.

The private key that is used to access your public Bitcoin address and transaction signatures. The combination of public and private keys helps users to make bitcoin transactions.


Types of Crypto wallet
Paper wallet
A paper wallet is essentially a printed copy that contains a public address for receiving cryptocurrencies and a private key that allows you to transfer digital assets stored in your wallet.
A paper wallet is often printed in the form of QR codes to quickly scan them and add the private key to the wallet to make a transaction.
The biggest advantage of paper wallets is that they are resistant to online attacks, including malware attacks. The private keys are stored offline completely.
Mobile wallet
Mobile wallets are an essential tool for users who perform trading on a daily basis. These are downloaded and installed on your mobile phone that stores all your private key and allow you to pay directly from their mobile.
The mobile wallet simplifies the payment method. They work with a small subset of blockchain, which relies on a trusted node in a blockchain network and makes sure that they have the correct information.
Mobile wallets are convenient so the user can perform trade on the go. They are prone to false attacks. So the user might lose control over the wallet if someone has access to your mobile device.
Web wallet
As the name specifies, it stores the private keys on the server that is constantly connected to the internet and controlled by a third party.
Like mobile and web wallets, it also enables the user to access their funds on the go by connecting your wallet through the internet.
Some of the web wallets operate on an exchange platform that provides an instance of exchange shutting down and making off with the user funds.
Desktop wallet
The desktop wallet is simply downloaded and installed on your personal computer. These wallet stores all your private keys into your computer hard drive.
Desktop wallets are much more secure than online and mobile wallets because they do not rely on any intermediate or third parties.
The desktop wallet supports all platforms like Mac Os, Windows, and Linux. As they are connected to the internet makes them be less secure.
Hardware wallet
Hardware wallet a unique type of wallet that stores all the private keys in a hardware device. It is the most effective and secure way of storing a large number of cryptocurrencies.
Hardware wallets are highly secure and interactive. They are open-source software, and the funds stored in the wallet cannot be transferred out of the device in plain text.
Advanced hardware wallets have screens that provide another layer of security that is used to verify and display important wallet details.
Now let us discuss and how Bitcoin wallet development resolves some major wallet issues.

Imperative wallet problems and their solutions
Security
The basic essential feature of a cryptocurrency wallet is to provide high standard security. The safety measures vary from one cryptocurrency wallet to another.

If the user is unaware of the security measures, then and they end up choosing a less secure Crypto wallet. With fewer security features, your wallet can be easily hacked and affected by malicious software that results in losing your funds.

To overcome such issues, choose a crypto wallet that is integrated with advanced security features into it. Use the best mechanism, like the escrow service system.

Inconstancy cryptocurrencies
Cryptocurrency is highly volatile, and the price keeps on fluctuating from high to low. So sometimes, the mass adoption of cryptocurrency might cause you to a significant loss.

To conflict the price fickle, the user should be aware of the economics from the very first existence. This increases the level of confidence in the minds of traders.

Over to you
Remember, security is the main priority. Always be conscious before working with any wallet and research your options and choose the best Crypto wallet. Always keep your password and private keys safe. If you are curious to own one of it, then approach a bitcoin wallet development company that provides you the most reliable wallet to hold all your digital assets!
katrinkunze 22 july 2020, 6:57

In recent years, cryptocurrency development has become a high demand among entrepreneurs and businesses. However, to use this new digital currency, you need to build your own cryptocurrency wallet to make different transactions, including buying and selling cryptocurrencies.

A cryptocurrency wallet is a virtual wallet that allows crypto users to buy, send, and record your cryptocurrencies.

The cryptocurrency wallet contains public and private keys. In fact, users store crypto coins in the wallet and protect these private and public digital keys that provide the ability to conduct a transaction.

Now let’s discuss how to create a Blockchain based bitcoin wallet applications using readymade templates.


Developing a wallet using libraries
Coinbase software development kit (SDK)
Coinbase software development kit helps developers to build cryptocurrency wallet application. It supports a cross-platform Java library that can be used for Python and Ruby.
This library allows users to use Bitcoin to purchase other cryptocurrencies.
The coinbase SDK supports both iOS and Android platforms provides a good guide that gives a detailed explanation about developing a cryptocurrency application.
Bitcoinj SDK
If you have great knowledge of Java programming language, then this SDK is a good choice for building a crypto wallet.
It is a cross-platform software that can also be used from Java virtual machines (JVM) and other compatible languages like JavaScript, Python, C++.
This software allows developers to create a crypto wallet with Password encryption, and users can send, receive, and check there balance easily.
This SDK supports both Android and Windows platforms, and also it works with existing crypto wallets.
Features of Bitcoin wallet
Registration process
Any cryptocurrency wallet must provide the user with an opportunity to authorize by using the sign in and sign out features.
QR code scanner
The cryptocurrency wallet should render the user with a built-in QR code scanner. These features allow the users to send and receive payments on the go easily.
Push notifications
This function alerts the user by triggering a notification to the register number whenever a user form transaction or if any changes happen.
Security
It is essential that all the financial data need the highest level of protection. The Crypto wallet must have an embedded security system that allows uses to set passwords and PINs.
How to protect your Bitcoin Wallet
The basic way to protect your crypto wallet is to encrypt them with a strong password. This method makes it difficult to crack a computer, but anyway, it does not give 100% protection.
The Crypto wallet can also be protected by creating a backup wallet in several places.
The wallet should require a two-step verification such as SMS confirmation the register number and password confirmation.
It is necessary to update the software whenever a new version is released.
Store a small number of crypto coins in your wallet always store the main amount of crypto coins in the offline mode.
Bottom line
Develop your own crypto wallet from scratch is not easy. Always choose the wiser option by developing a wallet using the libraries so that you can stay away from the core development. If you are interested in deploying a crypto wallet, then approach a Bitcoin wallet development company that can create a convenient and high-grade application.
katrinkunze 17 july 2020, 8:53

A cryptocurrency wallet is a mix of both bank and your leather wallet, the only thing is it does not involve physical currencies.

It is essential to develop a crypto wallet to own or trade cryptocurrencies. This Blockchain wallet development Services contains private and public keys.

When you earn currency to use them or to unlock the stock, you need a private key for security. The public key is nothing but your wallet address. The private key is basically a digital code that is assigned to the wallet address.

Now let us discuss the types of blockchain wallets available in the market.


Different types of blockchain wallet
Several types of crypto wallets provide different ways to store and access your crypto coins.

Online wallets
An online wallet is also known as a web wallet that allows users to access the crypto coins via the Internet.

As long as it is connected to the Internet, users can store, access, and make payments. These wallets are considered as the least secure types of cryptocurrency wallets.

These wallets are very convenient because you just need a device connected to the Internet, and you can start your crypto payment.

Mobile wallets
Mobile wallets are available just by installing an application on your cell phone. These wallets are much safer than the online wallet.

Mobile wallets are easily available and also used in a physical store. These wallets offer additional features like QR code scanning.

Desktop wallet
Mobile wallets are available just by downloading your desktop wallet and installing it on your personal computer. They also serve as a cold storage wallet.

Desktop wallets are especially safe if your computer is not connected to the Internet and essentially becomes cold storage. In these wallets, the private keys are not stored on the third-party server.

Hardware wallet
Hardware wallets are considered as one of the safest cryptocurrency wallets among all. These wallets store all the private keys in a hardware device like a USB drive.

These wallets are great for storing large amounts of cryptocurrencies that you don’t want to use on a daily basis. Hardware wallets are also one of the cold storage wallets.

Paper wallet
To use a paper wallet, you will need to print out your private and public keys. These wallets are cold storage wallets, and hence they are hackerproof.

Users can share funds by transferring the money to wallets public addresses, and you can withdraw or send currency by entering your private key.

These wallets are not stored on a computer or mobile. The private keys of the wallet are not stored in the third-party server.

Benefits of blockchain wallet development
Lets See the benefits of blockchain wallet development in this session

Easy to use. It is just like any other software that you use for your day to day transaction
Highly secured
It allows instant transaction across the globe, and these are borderless transaction without intermediates
Low transaction fees. The cost of the transaction fee is much lower than the traditional banks
It allows transactions across multiple cryptocurrencies and also helps you to do easy currency conversion.
Closure
It is now clear that blockchain wallets are an integral part of using cryptocurrencies. They are one of the basic infrastructure needs that makes it possible to send and receive funds through blockchain networks. All the wallet has its own pros and cons, so it is essential to understand how they worked before starting to move funds.

For more information please visit: https://blog.blockchainfirm.io/blockchain-bitcoin-wallet-development
katrinkunze 9 july 2020, 10:02

A blockchain wallet is a computer software or application that enables crypto users to preserve and conduct transactions with their cryptocurrencies by interacting with the native blockchain network. Every crypto transaction is recorded on the blockchain network. When it comes to the blockchain wallet, the transaction becomes much more encrypted and secure than other wallets.


To understand the process of cryptocurrency transactions in a blockchain wallet, let’s have a glance at its workflow!

Workflow Of Blockchain Wallet
Blockchain is a distributed ledger that logs transactions with timestamps in chronological order. Every cryptocurrency has its native blockchain network to record the transactions. The transactions are stored in data blocks of the blockchain comprising of pre-hash, hash, nounce, and data values. Every transaction is verified and approved by the community peers called miner nodes before adding into the blockchain ledger.

The entire crypto community can access the blockchain network, and hence, the transactions are transparent and traceable. Blockchain is immutable; therefore, transactions once approved can’t be modified. The blockchain wallet transactions are based on two major cryptographic keys: Public and private keys.

Public keys are similar to email addresses, whereas private keys are close to our passcodes. Crypto owners share the blockchain wallet’s public keys to send or receive cryptocurrencies, but not private keys. When the crypto transaction occurs, the blockchain wallet’s private key matches with the public address of the particular cryptocurrency, and then it’s legally signed-off from the ownership. Once the transaction is complete, the crypto balance changes in the sender and recipient wallets.

You have various options of blockchain wallet in the crypto market space to store your crypto coins. Let’s scrutinize the types of blockchain wallets available in the market to preserve the crypto assets!

Let me conclude this post by shooting the bullets on the benefits of blockchain wallet development!

Benefits Of Blockchain Wallet
Rapid cross-border transactions
P2P transaction model without any intermediary
Reduced transaction charges
Cryptographically encrypted transactions
Devoid of central governance, intermediaries
If you’re striving to leverage these benefits by building customized blockchain wallets, our team will then pack the features and functionalities required in the application!

Source : https://blog.blockchainfirm.io/blockchain-bitcoin-wallet-development
katrinkunze 7 july 2020, 9:34

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JohnCarter 7 july 2020, 7:24

What is a Bitcoin Wallet?

A Bitcoin wallet is a digital wallet to store your Bitcoins. A crypto-based company can provide you with the best bitcoin wallet development service in case you are looking for one. There are different types of wallets: software wallet, online wallet, e-wallet, hardware wallet, and paper wallet. It is important to safeguard your wallet to protect them from security threats and concerns. There are various methods and techniques used to secure the wallets.


Hardware Wallet

Storing your Bitcoins in a Hardware wallet is one of the primary steps that you can consider. This method is also known as the ‘Offline Mode’ since it does not require a link to the Internet. It is advised that you should not store a large number of currencies in the Hardware wallet. You can split the assets and keep a small amount online for trading purposes, and the second part can be stored in the wallet.

Backing Up your Wallet

Create backups of your wallet to remain on the safer side in case the device or data gets lost. The backup process includes Bitcoins stored in the Hardware wallet and the amount kept for trading purposes. You can always recover your stolen wallet if it is encrypted.

Always remember to back up your entire Bitcoin wallet to shield it against system failures and human errors. Some wallets contain hidden private keys internally. If you back up only those private keys and not the whole wallet, you will not be able to recover your funds on the whole.

Wallet Encryption

Encrypting your Bitcoin wallet gives an additional layer of security. You can encrypt the wallet using a passphrase that allows you to lock your coins. It becomes difficult for the hacker or other parties to steal your assets unless they know your secret phrase. In case you are using a mobile device or a laptop to initiate a Bitcoin transaction, then encrypting your wallet is the first thing you have to do.

Multi-Signature

Multi-Signature is one of the top-notch security standards that will help ensure that your Bitcoin wallet is safe. It is a method in which all the transactions have to get approval from the owners. Any organization can permit access to its Bitcoin wallet. But the withdrawal of funds can be made under only one condition that ‘3 to 5 people should sign the transaction.’ A Bitcoin wallet embedded with the multi-signature facility allows a user to take control over his money, thus preventing thefts.

2FA (Two Factor Authentication)

One of the best techniques to secure a Bitcoin wallet is two-factor authentication (2FA). This process is considered flawless because it requires two pieces of information before it cedes access to the wallet. Even if a hacker guesses or obtains your password somehow, he would not be able to access the wallet without the Two Factor code.
katrinkunze 2 july 2020, 11:42

A blockchain wallet is a computer software or application that enables crypto users to preserve and conduct transactions with their cryptocurrencies by interacting with the native blockchain network. Every crypto transaction is recorded on the blockchain network. When it comes to the blockchain wallet, the transaction becomes much more encrypted and secure than other wallets. You may wonder what makes the bitcoin wallet development special for preserving the bitcoin or any other crypto coins! As for experts are concerned, security is the most aspiring feature of blockchain wallets.


Workflow Of Blockchain Wallet

The entire crypto community can access the blockchain network, and hence, the transactions are transparent and traceable. Blockchain is immutable; therefore, transactions once approved can’t be modified. The blockchain wallet transactions are based on two major cryptographic keys: Public and private keys.

Public keys are similar to email addresses, whereas private keys are close to our passcodes. Crypto owners share the blockchain wallet’s public keys to send or receive cryptocurrencies, but not private keys. When the crypto transaction occurs, the blockchain wallet’s private key matches with the public address of the particular cryptocurrency, and then it’s legally signed-off from the ownership. Once the transaction is complete, the crypto balance changes in the sender and recipient wallets.

Features Of Blockchain Wallet
Multi-factor authentication
Transaction history
Send or receive cryptocurrencies
Multi-signature approval, if required
Elegant UI
Push notifications
Prevention of duplicate transaction
Real-time price monitoring
You must opt for these features and functionalities while building a blockchain wallet to enhance the security of your crypto coins. Let me conclude this post by shooting the bullets on the benefits of blockchain wallet development!

Source: https://blog.blockchainfirm.io/blockchain-bitcoin-wallet-development/
katrinkunze 15 june 2020, 9:11

If you are diving into crypto space, then obviously, blockchain is the technology that hits you hard. Cryptocurrency transactions are logged on the native blockchain network and are governed by the community peers with a consensus mechanism. You may wonder what makes the blockchain wallet development special for preserving the bitcoin or any other crypto coins! As for experts are concerned, security is the most aspiring feature of blockchain wallets.


Blockchain wallets are customized based on client requirements nowadays. Some of the crypto investors dive into the dedicated bitcoin wallet development, whereas professional crypto traders shower their interests on the multi-cryptocurrency wallet development.

The crypto-traders are fond of building advanced features and functionalities in their multi-currency wallets for ergonomic trading. Long-term crypto investors prefer popular cryptocurrencies like BTC, ETH, Bitcoin Cash, and others. The crypto investors have their interests in cold storage wallets. So, let me take you through various options for building blockchain wallets!

Software Wallets
Blockchain wallet apps that are installed and operated on internet-connected devices like mobile, desktop, or even online exchange wallets fall under this category. These types of wallets are vulnerable to security hacks, but the world still loves it for easy accessibility. Crypto traders store small amounts of their assets in these kinds of wallets to perform quick transactions in stores and exchange platforms. However, desktop wallets are considered safer than the web and mobile wallets when it comes to security breaches. But, it’s purely the crypto owner’s responsibility to protect the devices from virus attacks. You can also opt for recovery backup from the professionals on the customized cryptocurrency wallet development to secure your crypto assets.

Hardware Wallets
Blockchain wallet applications that are operated through devices like USB, discs and other hardware with the help of the internetare considered as hardware wallets. The devices can be disconnected from online after usage, which makes it the safest option to store cryptocurrencies. The hardware wallets are available with offline verification techniques, so the crypto owner’s precious funds are secure from the prying eyes.

Paper Wallets
Blockchain wallets that constitute its public and private keys in the form of QR codes in the physical paper are known as paper wallets. This is the safest of cold wallets. Crypto owners can generate their paper wallets by leveraging the services of third-parties. Paper wallets are highly secure and encrypted with crypto codes. Whenever the crypto owner performs the transaction, the addresses in the paper wallet need to be changed. However, the paper wallet has the least accessibility among blockchain wallets.

By now, you’d have explored the distinct types of blockchain wallets. Let me snipe the mandatory features of the bitcoin wallet to perform elegant transactions in the network!

Source : https://blog.blockchainfirm.io/blockchain-bitcoin-wallet-development/
katrinkunze 10 june 2020, 9:37
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