A cryptocurrency wallet is a virtual wallet where the private keys of the assets will be saved. Furthermore, this will entitle users to send and receive cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and many more. For layman's understanding, a crypto wallet is similar to a bank account. That is, private keys are similar to the password for your debit cards, and public keys are similar to account numbers. Let’s now see some important components that have to be considered during cryptocurrency wallet development. This blog will be useful for those who have an idea of installing their crypto wallet.
Key Features To Consider During Cryptocurrency Wallet Development
- QR Code Scanner
This feature will considerably reduce the time of manually entering the wallet address in order to avoid human errors. Through this, users could scan the crypto wallet address and proceed with cryptocurrency transactions.
- Wallet Backup
With the help of this feature, the transaction history will be backed up in the case of devices getting infected by a virus. Also, in the case of any theft occurs.
- Session Logout
It is an unavoidable feature when it comes to cryptocurrency wallet development. This feature reasonably logout the session when the page is idle for so long duration. Thereby, it will eliminate hacking activities.
These treeh are the most indispensable features that would ensure the safe and secure transaction of cryptocurrencies in a swift manner. Apart from these and general features, the inclusion of additional features will enhance the functionality to a greater extent.
Conclusion
With a sound knowledge of knowing the salient features, the one who wants to launch the crypto wallet could consider a white-label cryptocurrency wallet. This will come up with various perks like instant launch, tweaks for varying needs, and many compared to developing the cryptocurrency wallet right from scratch.
