White Label Cryptocurrency Wallet — Tailor-made Wallet Solutions for Crypto Business
In the rapidly growing crypto space, crypto wallets find newer dimensions in their functions. Simultaneously, the security risks also emphasize the demand for impregnable crypto wallets. Keep that in mind the blockchain community developers conduct consistent research and bring advancements in creating tech-friendly wallets. However, for business operations, features and security are the essential components. Creating a crypto wallet that is very sustainable in features and security is a priority for many startups. But at the same time, the creation of a wallet should not be time-consuming. So, they find White label cryptocurrency wallet as the most suitable option for that.
Speaking of that, there are two prominent methods of crypto wallet development — development from scratch and development using white label crypto wallet software. The development from scratch needs plenty of time, money, and human effort. But it gives you the essence of creativity and integrity. Hence, development from scratch is a perfect method for people who can spend more time and effort.
On the flip side, the white label cryptocurrency wallet software is significant in saving your time and budget. Hence many newbies prefer White Label Cryptocurrency Wallet to start their crypto wallet business. Because they are flexible and highly customizable to meet startup goals.
Curious to know more about white label crypto wallet development? Then this blog is for you. Here you can explore the benefits, features, and security measures of White label cryptocurrency wallet software and how to create crypto wallets using them in a detailed manner. Let me start from the basics…
What is a White label Cryptocurrency Wallet?
The white label cryptocurrency wallet software is a pre-programmed solution having default wallet features and functionalities. This software aids you in creating feature-rich cryptocurrency wallets. The flexibility and robustness of this software can handle any complex functions. You can also modify the platform functionalities according to your business needs. With its customization, you can alter the theme, logo, and branding of the wallet. And integrating additional features requires very minimal effort and time.
Speaking further, this wallet software supports trending wallet services like QR scanning, cross-border transactions, and custom secure storage. So your user can perform usual wallet functions like storing, buying, selling, and swapping assets conveniently. With secured encryption, you can also add third-party services and premium subscription features. Thus, this wallet software would be a comprehensive package for crypto wallet development.
Meanwhile, Startup businesses rely on their profits for further business expansion. In this case, this white label crypto wallet fulfills your financial needs with additional profit-making possibilities. It doesn’t matter whether you create custodial or non-custodial wallets. The income generation would be in a decent range. Now, let us explore…
Benefits of White label Cryptocurrency Wallet
For startups, the crypto wallet business offers lucrative benefits similar to crypto exchanges. The following benefits justify the statement as true. They are,
Cost and Time Saving
With the pre-loaded features and functionalities, white label crypto wallet software reduces the time and cost of wallet development. The simple and effective development process needs less manpower and resources. So overall it is a cost-effective and time-saving solution.
Customization
Some complex features need modification of platform functionalities. In this regard, the white label cryptocurrency wallet is customizable as per your business needs. As a result, the crypto wallet could offer higher scalability and performance.
Easy Entry to Business
As you know the white label crypto wallet development requires less time. The white label software has been tested multiple times for security. And you can add more security and functional features instantly. This allows the startups to get into their wallet business within a shorter time frame.
Multi-Currency Support
The white label crypto wallet app supports tokens and coins from prominent blockchains like Ethereum, TRON, BNB chain, and many more. This feature enables your wallets for more business integration and service offerings.
High Profits
As stated earlier, the wallet software supports additional income-generating services along with normal wallet operations. So your investment will pay off as a profit in the long business run.
Flaw-free Operation
The white label crypto wallet app is capable of handling multiple transactions at a time. Additionally, the custom wallet software can be altered to meet large business needs without compromising performance. Therefore, you can get flaw-free wallet functionalities.
These are the notable benefits of using a white label cryptocurrency wallet app. These benefits highlight the future scope and possible expansion of your wallet business. So startups can achieve substantial growth within a short period of time. To do this, you need to know….
Features of White Label Cryptocurrency Wallet App
The crypto wallet can attract potential users when it is built with attractive features. So before creating your wallet, you should understand the features of the white label crypto wallet software. The fascinating features are…
QR Code Scanner
The QR code scanner makes token sending and receiving easier as in fiat transactions. With this feature, the payments are directly processed with wallets while maintaining security. Also, human errors like entering incorrect wallet addresses are highly negligible with this feature.
Cross-platform Compatibility
The white label cryptocurrency wallet services are consistent with mobile, desktop, and extension platforms. So the users can access wallet services across multiple platforms seamlessly. Most of the modern-day wallets come with this feature to keep the users connected.
Intuitive User and Admin Dashboard
Both the admin and user dashboard give the information handy. The user dashboard provides advanced trading tools and charts to assist users in price forecasting. Also, the admin dashboard provides user and trade data to simplify the admin role. You can also change the white label cryptocurrency wallet charges from the admin dashboard.
On-the-go Notifications
With push notifications, you can notify the users with important alerts. That includes price, transaction, service updates, and security alerts. Both the white label crypto wallet app and web platform support push notifications. However, the wallet app has more advantages with these on-the-go notifications.
Multiple Asset Support
To improve the transaction flow, the wallet should support multiple crypto assets. These wallets are known as multi-currency wallets and most of the modern-day wallets have this feature.
These are the essential features a white label cryptocurrency wallet app should have. Also, you can add additional functionality and security features as per your business goals. Thus you can gain users’ trust by providing them with secure and convenient wallet functionalities. Speaking of trust, your wallet should ensure certain security measures. Let us take a look at…
Security Features of White Label Cryptocurrency Wallet
With both fiat and digital currencies, people prefer wallets to keep their funds (assets) secure. Therefore security is the prime concern for any wallet. Accordingly, this white label crypto wallet is built with certain security measures. They are,
Multiple Authentication
To access the wallet platform users should pass through multiple authentications. E-mail, SMS authentication, and security code verification are the common authentication methods. With a step forward, the White label crypto wallet app requires biometric authentication for access and transactions. So both users and platform credentials will be safe with this feature.
Wallet Backups
This multi-currency wallet comes with wallet backup features. That means, the user can backup their assets securely. This may keep them away from unexpected losses due to technical flaws. Some wallets provide security key phrases to users for recovering their backup wallet data.
Active Login Sessions
If a user fails to log out of the wallet properly, then it may lead to improper wallet usage and security risks. To avoid this, the white label cryptocurrency wallet has active login sessions. This feature signs out the session when the user is no longer active in the wallets.
Separate KMS
Private Key management is the fundamental work of crypto wallets. However, sharing or storing the wallet access credentials insecurely results in higher losses. As a precaution, the white label wallets have separate key management servers with graded security.
Cold Storage
Crypto wallets have diverse storage methodologies and they are categorized accordingly. Because of data breaches, cold storage or offline storage is considered safer than online storage. So based on your business needs, you can choose the type of wallet storage.
Threat Protection
On-time security auditing is essential though the wallets are built with security protocols and measures. The white label wallet app performs real-time security auditing to protect users from security risks.
These are some glimpses of security measures used in white label crypto wallets. If you have any security ideas, you can customize the wallet accordingly. This may give your wallet uniqueness from its counterparts. And help you compete technically with leading wallets in the crypto space. Below is the list of successful wallets ruling the crypto space by their unique wallet features. Having a look at them can increase your confidence in white label cryptocurrency wallet development.
Top 10 Wallets of the Crypto Industry
Here I have compiled the list of top cryptocurrency wallets based on their popularity, countries operating, and active user base. The list is based on online resources and it might be changed in the future. The top 10 crypto wallets are
- Coinbase Wallet
- MetaMask
- Trust Wallet
- Binance Wallet
- Crypto.com
- ZenGo
- Ledger
- Electrum
- Exodus
- Trezor
The above-stated crypto wallets are popular in terms of their unique services. For instance, the Trust wallet provides inbuilt access to DApps through the DApp browser. MetaMask wallet offers inbuilt swapping services. So creating a white label cryptocurrency wallet app with additional services not only boosts profits but allows you to create brand awareness with such unique features.
However, to accomplish such an astonishing wallet, it is better to approach a prominent crypto wallet development company. Their skilled professionals could assist you in creating a feature-rich white label crypto wallet. Also, their development procedure helps you meet your business goals with a tech-friendly crypto wallet. Let us have a closer look at…
White label Cryptocurrency Wallet Development Steps
Below are the prominent steps followed by Blockchain wallet developers of a professional wallet development company to create white label crypto wallets.
Gathering Ideas
In this step, the company asks for your ideas and business goals regarding wallet development. The team of experts will make a strategy to attain potential output from the wallet. All the prerequisites including blockchain selection, currency support, and security are planned in this step.
Preparing for Development
With the requirements collected, the expert team prepares an outline for white label crypto wallet development. The basic designing and wallet buildup process commences from this stage.
Development Stage
This is the phase where the entire development process gets completed. That includes coding additional features and customizing the wallet functionalities. Thus the team of developers creates a wallet that is technically robust and highly scalable.
Testing phase
In this stage, the expert team does multiple tests to eradicate the flaws in the wallet. They also check the wallet’s security and performance before deploying the wallet.
Deployment
After completing the stringent testing procedure, the wallet is now ready for deployment. The company will ask for your convenient time to deploy the wallet successfully.
With these development procedures, a professional crypto wallet developer creates secure, reliable, and highly scalable white label cryptocurrency wallets. Those expert developers can fasten industry-leading security and innovative core features to your wallet. Also, you can get complete assistance in wallet creation from these professionals of the Best Crypto wallet development company to keep your wallet updated.
But still, what you might be worried about is, all of this fits your budget ? Right!!
I personally assure you that without compromising quality, the creation of white label wallet fits your budget, which is a great deal for you. Let me reveal the cost involved in creating a white label crypto wallet app.
How much does it Cost to develop White label Crypto Wallet?
When it comes to white label cryptocurrency wallet, the development cost will vary due to certain factors. That includes the type of wallet, currency support, requirements for developers and technologies, platform compatibility, and more. These factors have a greater influence on white label wallet development. Since they vary as per project needs, we can not predict the actual cost.
Besides, the white label crypto wallet software from a reputed company is a cost-effective solution. So when you create a crypto wallet with this wallet development solution, the approximate cost would be around $12000 to $15000.
This is the approximate cost considering the factors stated earlier. According to your customization necessity, the development cost will also vary. In this regard, professional experts having experience in similar white label cryptocurrency wallet development may help you. Apart from the cost benefits, getting connected with a leading Blockchain wallet development company makes your business valuable in terms of quality, reliability, and loyalty.
Concluding Thoughts…
Finally, in the rising need for tech-friendly crypto wallet, creating ingenious wallet apps is an ideal option for startups and entrepreneurs. The white label wallets are vital for future innovations and periodic updates. Therefore, you can quickly meet your financial and technical expectations with this wallet. However, to create a secure and future-ready white label cryptocurrency wallet, forward-thinking and professional experience are essential elements. So get connected with a prominent crypto wallet development company to create your wallet for your crypto business.
