Tarun Nagar In the global market, the trends of cryptocurrency are increasing year on year. Most of the big deals are done through the cryptocurrency. It is the best and most efficient method to deal with an organization in digital currency. One thing that is famous about crypto in the global market; its safe and highest secure transaction. For transactions with someone, the crypto wallet is the best way. It maintains all track records of transactions and provides security. The increase in the crypto trend increases the demand for crypto wallet App development.
In the market, a lot of crypto wallet apps are available that provide crypto-related transactions on the safe. If we look from the business side, then offering crypto wallet services to people is a great step in generating revenues. So, if you are planning to develop a crypto wallet, then you are on the right platform.
In this blog, we will examine how to develop a cryptocurrency wallet and also cover how it’s best for you to earn money. Let’s go deep into the blog.
What Are The Crypto Wallet Apps
A crypto wallet is a digital tool that allows users to store, send, and receive cryptocurrencies securely. To access and manage crypto assets in a blockchain, a crypto wallet stores private and public keys. The public key works as an account number, and the private key works as a password for tracking and performing transactions.
Market States Of Crypto Wallets
If we talk about the market demand for crypto wallet apps, then here are some years of data that help you understand the best option to develop crypto wallet apps.
- As per analysis, the market demand for crypto wallets increased at a rate of 81% CAGR.
- In 2023, the global market demand was noted at $8.42 Billion.
- In 2024, the global demand was noted as an increase rate of $10.51 Billion.
- In 2030, the global demand for a crypto wallet will be expected to be $77.21 billion.
10 Features Of Crypto Wallet Apps
To create a crypto wallet app, advanced features attract the user, make their transaction experience very well, and increase their trust in the application.
Avail the best custom crypto development services in UAE to integrate advanced features in your application. Some advanced features are outlined below:
|
Crypto Features |
Description |
| Multi-Currency Support |
Allows users to store and manage multiple cryptocurrencies like Bitcoin, Ethereum, and altcoins. |
|
Private & Public Key Management |
Securely stores private keys and generates public addresses for transactions. |
| User-Friendly Interface |
Simple and intuitive UI for easy navigation and transactions. |
|
Security & Encryption |
Features like multi-factor authentication (MFA), biometric login, and end-to-end encryption for enhanced security. |
|
Backup & Recovery Options |
Provides seed phrases or recovery keys to restore wallet access in case of loss. |
| QR Code Scanning |
Enables fast and seamless transactions by scanning QR codes to send and receive crypto. |
|
Integration with DeFi & DApps |
Supports decentralized applications (DApps) and staking options for earning rewards. |
| Cross-Platform Compatibility |
Available on mobile (Android/iOS), web, and desktop for flexible access. |
|
Real-Time Price Tracking & Alerts |
Displays live crypto prices, portfolio tracking, and alerts for market fluctuations. |
| Cold Storage & Offline Transactions | Some wallets offer cold storage options for enhanced security and offline transactions. |
How To Develop A Crypto Wallet App
To creates a crypto wallet app, you first have to analyze the market demand for crypto app development. Apart from this, you can consult with a cryptocurrency exchange development company who can build a crypto wallet app at an affordable prices. Here are some steps that will help you to build your application.
1. Understand Blockchain And Cryptocurrency
The first stage in developing a secure crypto wallet app is understanding blockchain and cryptocurrency. Blockchain technology distributes the peer-to-peer database. By utilizing blockchain’s features, cryptocurrency wallet apps can build trust among users and create a secure framework for digital transactions. You can Hire Dedicated Mobile App Developers to build your crypto wallet apps.
|
Types Of Wallet |
Services |
|
Hot Wallet |
Software Wallet Web Wallets Mobile Wallets |
| Cold Wallet |
Hardware Wallets Paper Wallets |
|
Custodial wallets |
Third-party wallets |
2. Selecting The Right Cloud Technology
In the crypto wallet app development clone, selecting the right cloud technology ensures the overall application performance, security, scalability, and compliance. Before choosing the technology stack, identify the need for wallets that help save you time when choosing a useless technology.
|
Cloud Component |
Platform | Recommended Services |
| Web-Based Wallets | Platform-as-a-Service (PaaS) |
Google App Engine Microsoft Azure App Services AWS Elastic Beanstalk
|
|
Mobile Wallets |
Blockchain-as-a-Service (BaaS) |
Amazon Managed Blockchain (AWS) Azure Blockchain Service IBM Blockchain Platform
|
3. Choose The Appropriate Technology Stack
In the crypto wallet app development services, the integration of advanced technology helps to smooth the working of apps and provides the advanced features that attract users towards the apps. You can hire dedicated crypto developers in UAE that help you choose the right technology stack for your development.
|
Technology Stack |
Platform |
|
Font End Developers |
React Native Flutter Swift (iOS) / Kotlin (Android) React.js / Next.js Vue.js |
|
Back End Developers |
Node.js Python Go (Golang) Rust |
|
Data Base |
PostgreSQL MongoDB LevelDB / RocksDB |
4. Leveraging APIs With Extensive Features
In the development of crypto wallet apps, the integration of APIs allows the wallet to interact with blockchain networks (Ethereum, Bitcoin, etc.). It provides real-time data fetching, transaction management, secure user authentication, decentralized storage, and many others. These all help to make overall transactions smoother and increase the user experience of using the application.
|
Types Of APIs Integration |
Technology/Tools |
| Blockchain APIs |
Infura Alchemy BlockCypher
|
|
Payment Gateway API |
Coinbase Commerce Binance Pay Crypto.com API
|
5. Ensuring Application Security
To make a crypto wallet app, securing the application data and user privacy is an important concern for all users. On this condition, you can hire full stack developers who are capable of implementing additional layers of security such as data encryption, face ID recognition, two-step authentication, and many others. Adding these extra security layers helps to protect the user details and transaction data.
|
Security Types |
Tools/ Techniques |
| Secure Key Management |
BIP39/BIP44, Hardware Security Modules (HSM) |
|
Strong Encryption |
AES-256 (data encryption), SHA-256 (hashing) |
| Secure API Calls |
HTTPS/TLS 1.3, OAuth, Rate Limiting |
|
Anti-Phishing & Fraud Detection |
AI-based fraud detection, Man-in-the-Middle (MITM) prevention |
6. Test the Crypto Apps
In the crypto wallet app development, testing the application is a vital requirement to check its overall workings. It is the final process before launching. It ensures that all developed advanced features run smoothly and are ready for users to use.
Testers can test your application on a different server and platform that helps resolve any problem before launch. To test and increase the smoothness and efficiency of the application, hire cryptocurrency exchange app developers.
|
Testing Type |
Tools/Techniques |
| Functional Testing |
Manual Testing, Selenium, Appium |
|
Security Testing |
OWASP ZAP, Burp Suite, CertiK, OpenZeppelin Audits |
| Blockchain Testing |
Ganache, Hardhat, Truffle |
|
Performance Testing |
JMeter, Locust, K6 |
| Device & Platform Testing |
BrowserStack, Sauce Labs |
7. Launch The Crypto App
Launch your exodus crypto wallet app on different platforms such as iOS, Android, Windows, and many others platforms. After successful launching, the user comes on the application, checks the application’s advanced features, and do their crypto-related transactions.
However, one essential thing is to track the overall performance of the application. The mobile app development company will help you launch your own crypto application.
|
Platform |
Best For |
| Google Play Store (Android) |
Mobile app for Android users |
|
Apple App Store (iOS) |
Mobile app for iPhone/iPad users |
| Web Platform (Progressive Web App – PWA) |
Browser-based wallet accessible via web |
Top 10 Apps Like Crypto Wallet
Here is a list of crypto wallet app alternatives that help to get an idea of how to create similar crypto wallet apps.
|
Crypto Wallet App Alternatives |
Rating | Download user | Platform |
| Trust Wallet | 4.6 /5 | 50 M+ |
Android, iOS |
|
MetaMask |
4.5 /5 | 30M+ | Android, iOS |
| Coinbase Wallet | 4.3 /5 | 20M+ |
Android, iOS |
|
Binance Wallet |
4.4 /5 | 15M+ | Android, iOS |
| Exodus Wallet | 4.6 /5 | 10M+ |
Android, iOS, Windows, Mac |
|
Atomic Wallet |
4.2/5 | 5M+ | Android, iOS, Windows, Mac |
| Mycelium Wallet | 4.0 /5 | 3M+ |
Android, iOS |
|
Electrum Wallet |
4.1 /5 | 2M+ | Android, Windows, Mac, Linux |
| Coinomi Wallet | 4.3 /5 | 4M+ |
Android, iOS, Windows, Mac |
|
BRD Wallet |
4.0 /5 | 1M+ |
Android, iOS |
Why Entrepreneurs Must Invest In Crypto Wallet Apps Development?
Increasing the global demand for crypto wallet apps is best for the business side. In this condition, creating your own crypto wallet application is the best option for increasing revenue sources for business people.
You can consult with custom crypto development companies. Here are some reasons to build a crypto wallet app.
1. Increase The Global Demand Of Crypto Currency
In the last few years, most businesses have done their deals in cryptocurrency. Crypto wallets offer a safe platform to users with lower cost deductions. Apart from this, their advanced features offer easy and efficient ways of transaction. That attracts users and increases the demand for crypto wallets.
2. Profitable Business Opportunity
From the business side, if you build a crypto wallet app, it is the best option for earning revenue. Most business owners generate revenue by charging fees for each successful cryptocurrency transaction. However, compared to other platforms, crypto wallets pay fewer fees. It’s the best platform for those who make a lot of transactions daily.
3. Reduce Overall Transaction Charge
Best crypto wallet app for Android or iOS offers their customers a lower fee detection on their spending through crypto wallets compared to other traditional payment methods. On this condition, business personnel and other users can make their maximum transactions with low fees. It helps to save a good amount on tax or platform fees spent on the transaction.
4. Increase security On Transaction
In the crypto wallet app development, crypto wallet apps are known for providing an extreme level of security on transactions. On this crypto wallet app development solution, users get private key encryption and multi-factor authentication, which reduces the risk of hacking and unauthorized access. It ensures that users’ digital assets are safe. All these things attract people to make their transactions in an easy way.
5. Decentralized Payment Systems
The free crypto wallet apps offer a decentralized payment system to users. This payment system gives people control over their money and private keys. Apart from this, the decentralized system provides the user with secure storage and management. Through this system, users can make transactions and transfer their digital assets without depending on a central authority.
How Much Does It Cost To Develop A Crypto Wallet?
Cost plays an important role in blockchain wallet development. The development cost depends on different factors, such as project complexity (base to moderate), location (different regions), features (subscription plans, rewards, implementation of AI), and team size. Generally, the cost to develop a crypto wallet varies from $8000 to $20000 in the market.
Apart from this, regular upgrades, testing, and other important terms affect the overall crypto wallet app development cost of the projects. Takes a consultant with a blockchain development company in Dubai to get an idea of your project’s cost.
|
Develop a Crypto Wallet Apps |
Estimated Cost | Estimate Time |
| Normal Crypto Wallet Apps | $ 9,000 To $13,000 |
2 To 4 Month |
|
Advanced Crypto Wallet Apps |
$12,000 To $17,000 | 3 To 6 Month |
| Moderate Crypto Wallet Apps | $14,000 To $ 20,000+ |
6 To 12 Month |
What Are Factors That Affecting Cost Of Crypto Wallet Apps?
There are a lot of factors that affect the crypto wallet app development cost. You can hire a dedicated full stack developer to develop your crypto wallet application. Here are some factors are outlined below:
1. Type of Crypto Wallet
Various of the best crypto wallet apps are available on the market. Choosing suitable ones based on features affects the bitcoin wallet development cost. Here are some cost estimations as per wallet services are outlined below:
|
Type of Crypto Wallet |
Estimated Cost |
| Custodial Wallets (centralized) |
$9,000 To $ 12,000 |
|
Non-Custodial Wallets(decentralized) |
$13,000 To $ 16,000 |
| Multi-Currency Wallets |
$15,000 To $20,000 |
2. Platform Selection
The platform selection is another cost-affecting factor to make a crypto wallet. You can choose the iOS and Android platforms for crypto wallet development. Apart from this, you can use cross-platform such as (iOS and Android). Choosing multiple platforms compared to a single platform increases the project cost.
|
Types Of Platform |
Estimated Cost |
| Android |
$ 10000 To $12000 |
|
iOS |
$13000 To $16000 |
| Cross-platform (iOS and Android) |
$15000 To $20000 |
3. Blockchain Integration
The blockchain integration also affects the crypto wallet application development cost. Choose a different blockchain integration, such as Bitcoin, Ethereum, or Solana, to influence the prices. You can hire cryptocurrency exchange app developers for blockchain integration. Here are some outlined below:
|
Types of Blockchain Integration |
Estimated Cost |
| Bitcoin |
$12000 To $15000 |
|
Ethereum |
$13000 To $17000 |
| Solana |
$12000 To $ 19000 |
4. UI/UX Design Complexity
In the hybrid crypto exchange development implementation of UI and UX affects its cost . A better user interface increases customer experience. In the application, increasing the moderate level of UI and UX enhances the overall cost to build crypto wallet apps.
|
Types Of UI/UX |
Estimated Cost |
| Simple UI/UX |
$8000 To $12000 |
|
Medium UI/UX |
$10000 TO $ 14000 |
| Complex UI/UX |
$12000 To $ 15000 |
5. Development Team
To build a crypto wallet app, team size plays an important role. The increased complexity of an application requires experienced developers on the projects. In the market, highly experienced developers are charged more than fresher and less experienced developers.
|
Type Of Development Team |
Estimated Cost |
| Fresher developer |
$10000 To $12000 |
|
Less Experienced developers |
$13000 TO $ 15000 |
| High Experienced developer |
$18000 To $ 20000+ |
6. Location Of Development Team
The location of a development team is an essential factor that affects the cost. Taking a cryptocurrency exchange development services in the modern city becomes costly compared to the lower town. Living, transport, and other expansions have increased the cost of the contemporary city. You can connect with a crypto wallet app development company to build your crypto project.
The location of a development team is an essential factor that affects the crypto wallet app development cost.
|
Project Location |
Estimated Cost |
| Asia Pacific |
$8,000 To $15,000 |
|
North America |
$12000 TO $ 16000 |
| Eastern Europe |
$15000 To $20000 |
|
Western Europe |
$17000 To $20000 |
7. Maintenance
Regular updates and maintenance are essential to ensure a smooth working process for an application. This process involves bug fixing and resolving server issues. It is a regular requirement of an application that increases the cost to build crypto wallet application. Here are an some estimated cost to maintain an App.
|
Types Of Maintenance |
Estimated Cost |
| Normal Maintenance |
$ 10000 To $12000 |
|
Advanced Maintenance |
$12000 To $ 18000 |
Final Thought
In conclusion, the scope of best crypto wallet apps will become trending in the future. The implementation of AI and new technology will make it more advanced in the future. So for the business to be authentic, it’s a great opportunity to develop crypto wallet apps for their business perspectives and increase their income sources.
On the other hand, if you are planning to build your own crypto wallet app and are getting confused about how to start, then you can consult with an E-wallet app development company. They will help you develop your project at affordable prices.
Frequently Asked Question
1. What Is The Crypto Wallet App?
Crypto wallet apps offer decentralized transactions for customers. It provides advanced security for crypto transactions and user data.
2. What Is The Cost To Develop An Crypto Wallet Apps?
The cost to develop a crypto wallet app varies from $8000 to $20000+. It can be increased or decreased depending on complexity, location, and features.
3. What Are The Alternatives To Crypto Wallet Apps?
Here are some alternatives for crypto wallets are outlined below:
- Trust Wallet
- MetaMask
- Coinbase Wallet
- Binance Wallet
- Exodus Wallet
4. Why Crypto Wallets Is The Best Option For Investors?
Here are an some reason are outlined below:
- Increase the demand of cryptocurrency
- Profitable Business Opportunity
- Reduce Overall Transaction Charge
- Increase security On Transaction
- Decentralized Payment Systems
5. How Do Crypto Wallet Apps Make Money?
The crypto wallet makes money by charging a fee for each transaction. In addition, it provides premium services for its prime members, such as advanced security, coin control, superior backup recovery, and more.
