Katrin Kunze
@katrin.kunze
Android Developer,SEO,Digital Marketing

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Recent Posts By Katrin

Why owning a multi-cryptocurrency wallet is a wiser option? A brief walkthrough!
Managing all your cryptocurrencies can be tedious  if you are new to the crypto world or if you are not sure where to keep all your digital assets. 


Generally, people who are into the crypto world will have a crypto wallet. A wiser option for those is to keep a multi-cryptocurrency wallet, which may serve as a great strategy to manage all currencies. 


The regular wallet may not support some cryptocurrencies that you use, and this will require opening a new wallet to store the assets. Instead, you can choose a wallet that supports several types of cryptocurrencies.


The main reason for using multiple wallets is to keep the digital asset in various places so that they cannot be stolen from one account, but a multi-cryptocurrency wallet provides a greater security level to store all digital assets in a single spot. 


How to develop one?


Developing a multi-cryptocurrency wallet from scratch will definitely need a significant amount of time and effort. 


Before starting the development process, plan and research what you would like to have in your wallet. Describe the appearances, capabilities, and other functionalities. Be aware of what programming languages you are utilizing to develop the frontend and backend. It is best to get advice from an experienced individual or company. 


When all these are compiled, you are in the strongest position to develop a multi-cryptocurrency wallet on your own. 


There is also an alternative solution, Many companies offer you a white-label multi-cryptocurrency wallet that  is embedded with all the necessary features and is also customizable.


Bottom line 


 If you are interested in developing a highly secure and reliable multi-cryptocurrency wallet, I would suggest you approach the best cryptocurrency wallet development company with vast experience in the crypto field.

Power of blockchain to overwhelm the traditional loyalty programs
Loyalty programs are often recognized as one of the most effective ways for a business to retain customers. A recent analytical report claims that blockchain technology has the power to improve customer loyalty and reward programs . 


Blockchain implementation will give your business a secure and verifiable record of transactions, especially for the reward programs. 


There are many types of traditional loyalty programs, from punch cards to points, and cashback programs. These are well established among businesses and customers. However, both companies and customers have many challenges with respect to the existing loyalty programs


 Blockchain resolves problems in loyalty programs 


The challenges include difficulty in estimating the liability, the need to create accounts and registers, lack of integration, lack of uniformity among channels, losing track of reward points, limited reward points, and much more.


The blockchain ecosystem is not limited. It involves several different participants .


In blockchain-based Reward System customers are allowed to store their loyalty  rewards or crypto coins in a single wallet which they have been rewarded from the network participants.


The accumulated digital currency rewards can then be redeemed from the partner companies.


In a Business-to-business scenario, the business offers their clients a value added service. B2B loyalty programs are more personalized and they depend on their clients’ requirements. For instance, a bank offers loyalty programs to its business client which fits their needs and budgets. This retains the bank’s old customers and attracts new customers. 

It also reduces management costs. It enables setting up exchanges with no centralized management.

The companies also face some difficult challenges by losing control over their data while using the traditional loyalty programs, but here in the  Blockchain Rewards Platform Development, the data is strictly guarded. 

Bottom line

As a final standpoint, blockchain technology can eliminate inefficiencies in traditional loyalty programs and offer customers more excellent value through redemption opportunities from multiple companies.
Does a crypto trading bot eliminate a stressful scenario in trading?
As we all know, the crypto market is highly volatile, and sometimes it gives an unpleasant surprise for crypto investors.  To avoid all such scenarios and losses, a crypto trading bot came into the play! 

Crypto trading bots have become popular among traders. This bot controls the trading process without the involvement of the trader.

A perfectly encoded bot allows traders to execute faster and more efficiently than the trader would be able to do manually. 

You can witness massive popularity in the currencies, which resulted in a big increase in the number of crypto trading bots.

Now let us know some of the common features of trading bot.


Backtesting


Before starting a trade, you must backtest it against historical market data. Collecting high-quality data is usually done by exchange APIs. 

To simulate a realistic backtest your latency, slippage, and trading fees need to be considered. It is possible to retrieve historical price data but impossible to retrieve historical order books. 

Strategy implementation

The code that implements the strategy creates a tiny fraction of the whole project. Here is where you specify the logic and calculation that determines when to trade and in what quantities. 

Once the strategy is created, you are able to backtest in order to analyze its performance. Profitable strategies can make out the backtesting phase because so much can go wrong in the real world. So it is necessary to be careful here overfitting your strategy to historical data. 

Execution

Once the strategy is decided, the next phase is order execution. Consider this phase as a bridge between your strategy and the exchange of your trading. 

This code turns your strategy into an order request. Some bot might have a paper trading feature that allows you to stimulate your strategy in real time with fake money.

Job scheduler

Finally, you want to let your bot run anonymously. You will need to spin up a server and set up the job scheduler to autonomously execute live strategies.

Why are crypto trading bots useful? 

The main aim of the crypto trading bot is to remove fear and emotion from the trading equation and allow investors to execute a trade based on a predefined strategy. 

The bot also helps you to run your trading process 24/7. If you are a person who is hardly involved in trading or if you are unable to stay on top of the market all the time, then the crypto bot is the solution.  The bot allows you to trade efficiently without having to dedicate your time to market analysis. 

The crypto trading bots execute trade orders instantaneously. This instantaneous process makes them much more effective than humans. 

Closure

It is believed that cryptocurrency trading bots development are vital for crypto traders. If the trader can manage and adjust the bots setting and define effective trading strategies, the bot can be the best trading tool.

Complete knowledge grab on cryptocurrency wallet development & its subs!
Cryptocurrency Wallet is the undeniable application you must utilize every day when you are into the crypto world. Either you hold small amounts of ETH, BTC, LTH, or custom cryptocurrency, you need a crypto wallet to store and perform transactions with your digital assets. Professionals seek advice from experts on cryptocurrency wallet development with customized features than utilizing pre-built software. Customized crypto wallets are believed to be safer than exchange or any third-party hosted wallets!


Now, in this blog, let’s grab knowledge on the cryptocurrency wallet and its types! You can kick-start with the favorite choice of the crypto wallet!


What is a cryptocurrency wallet?


A cryptocurrency wallet is a software application that helps users to store, send, receive, or monitor the crypto transactions. The wallet users are provided with two significant keys: Public and Private Keys. Users are prompted for private keys to authorize the crypto wallet and perform transactions. Hence, it’s solely crypto wallet user’s responsibility to maintain their private keys safe and secure. I.e., Just like your credit or debit card PINs!


You may wonder where these cryptocurrencies are stored and how the transactions process at the backend! Here’s how cryptocurrency wallet works!


How does a Cryptocurrency wallet work?


Crypto wallets possess public and private keys. No one can view or steal the cryptocurrencies from your wallet until they have access to your crypto application. 


When the cryptocurrency is transferred from your wallet, you’re officially signing off the ownership of coins to the receiver’s public address of the wallet. The receiver can access the transferred crypto coins by authorizing the private keys that match the public address of the currency stored in the blockchain network. In general, every cryptocurrency transaction is stored in the blockchain network, just the ownership transfer of coins take place virtually. 


You can now explore the types of cryptocurrency wallets that are available in the market!


Types of cryptocurrency wallets


Cryptocurrency wallets are majorly categorized into three types.

  1. Software Wallets,
  2. Hardware Wallets,
  3. Paper Wallets.

Software wallets are sub-categorized as desktop, mobile, and web wallets. Here you go with the brief onsets of crypto wallet types!


Software Wallets


Desktop Wallet


The desktop wallet provides immense security than other software crypto wallets. The cryptocurrency wallet application of desktop type can be installed and authorized only through a PC or laptop. Desktop wallets are considered as a kind of cold storage that secures your crypto assets from potential hacks. You can access the cryptocurrencies in the desktop wallet through internet connection whenever necessary, and for the rest of the period, it can be safeguarded from prying eyes. 


However, you need to have a backup plan for desktop wallets as they are vulnerable to virus attacks, electrical short circuits, and other natural calamities. 


Web Wallets


The web wallet applications are accessible from anywhere on any device with your public and private keys. Exchange wallets are web crypto wallets that store user’s private keys on a hosting server. However, when you’re picking up the exchange wallets, you’re vulnerable to hacks. 


Mobile Wallets


Mobile crypto wallets are the most prominent type that is served on the crypto space. Crypto owners hold a minimum of their crypto coins in mobile wallets for easy accessibility and transfers of assets. They have the feature of a QR scan and pay for purchasing products from shops, e-commerce sites, and other places. Even though mobile wallets are considered vulnerable, crypto owners store a small number of distinct crypto coins for quick transactions and the rest of their digital assets in cold storage. 


Hardware Wallets


Hardware wallets work differently from software crypto wallets. The user’s private keys are stored in the hardware devices securely without any vulnerabilities. The user connects their hardware wallet with internet-connected devices to authorize and perform transactions in their wallet. These kinds of crypto wallets store the coins in offline mode, making it free from prying eyes. 


Paper Wallets


Paper cryptocurrency wallets are physical prints of public and private keys of wallet. A paper wallet generates a pair of keys that help to access your crypto coins. However, to create a paper wallet, you must authorize a software wallet and transfer the control to the paper type by entering the public address provided. For the withdrawal of crypto assets, you must perform the operations vice versa. I.e., Paper wallet to software wallet. 


The process of withdrawal of crypto coins from the paper wallets is addressed as sweeping and is processed by scanning the QR Code or authorizing it through private keys. 


Final Thoughts


You would have selected the cryptocurrency wallet of your choice by now! 


A pro tip for you: Always pick a software wallet and a cold storage wallet. Hold a minimal number of crypto coins in the software wallet and the rest in cold storage. Software wallets help you with easy accessibility, whereas cold wallets serve you with immense security!


You are just loaded with the onset of the cryptocurrency wallet. To know more about the mandate and advanced features of the cryptocurrency wallet, do stick with us!

A keen write-up on how blockchain can help digital identity management
Every human in the world has his/her own unique identity right from birth. In a sense, identity consists of one first and last name, date of birth, nationality, religion, and much more, which is recorded on a birth certificate or a passport or any government-issued ID. 


Almost 1.1 billion people worldwide don’t have a way to claim ownership of their own identity.  A person without identity or a valid proof cannot own property, vote, receive government service, and even do not have access to open a bank account. 


The main problem is these forms of identification require immense maintenance of physical documents. So to overcome such a problem, blockchain came into existence. 


Some of the uses cases of blockchain in identity management


Decentralized and digital identity can be used in many ways. Here are some top use cases of blockchain digital identity management.

Self-sovereign identity

The self-sovereign identity is the concept in which people and businesses have the ability to store their own identity data on their own devices. 

People can choose which information can be shared with validators without relying on the central repository for identification data. 

These entities can be created independent of any nation, state, corporations, and even global organizations. 

Data monetization

Data monetization is a process of using personal data for quantifiable economic benefits. The value of a record increases when it contains personal data.

As per the survey report, there are quintillion bytes of data created every day by 4.39 billion internet users. It has been planned that 60% of global GDP is expected to be digitized by 2022, meaning personal data will continue to rise in value. 

It also provides users an option to keep their data hidden and protected from the corporation or governments. 

Data portability

Data portability grants the users to transmit their personal data directly from one controller to another.  

This has the potential to enhance the user experience, cutting down on the need to verify their identity across various services and platforms. 

The data portability reduces users’ friction while simplifying the sign-in process, which increases user adoption. 

Closure

Blockchain digital identity
 is benefiting several industries by reducing government bureaucracy, shaping many sectors, and detecting academic fraud. It also creates better Bank experience and helping many companies to avoid personal data breaches. 

How crypto wallet makes crypto trading better
Crypto wallets are a necessity for crypto users, and their creation is a strong indication of how fast the popularity of digital money grows. 


The number of crypto wallets and their users has been increasing rapidly since the creation of cryptocurrencies. There are wide choices of cryptocurrency wallets available to users nowadays. 


As there is a rising number of cryptocurrencies, multiple crypto wallets have been in the spotlight. They enable the wallet holder to deal with different types of digital currencies and keep those crypto coins securely as long as they need it. 


As there is a large availability of different coins, users will buy or sell the most prominent ones. Therefore the crypto wallet should assure the compatibility of different coins. 


Now let’s come back to the point on how the crypto wallet is making trading better. 


How crypto wallets improve trading?


There are a lot of benefits when you trade with the robust crypto wallet that not only secures your digital assets but also bypass many risks. 


There are many mechanisms embedded in the crypto wallet development to ensure that the user doesn’t have to struggle with volatility, which may impact the overall trade. 


Some crypto wallets are loaded with top-notch features that can help you get the market sentiment and give a profound gyan when you need it. 


The multi-cryptocurrency wallet program provides you with the best features and advantages from the core and boosts the overall trade scenario. 


It allows you to connect with different communities and channels to get more connections to perform trade. 


Bottom line


 It is imperative to choose the best crypto wallet because it is one of the key factors involved in successful trading. If you are interested in trading, then be wiser and select the best multi-cryptocurrency wallet development company that bypasses all your problems in the trading process. 

The Genesis of Supply Chain Development in Blockchain.
Supply chain development in blockchain helps overcome several challenges, from production to delivery. Owing to the widespread reach of the supply chain across the globe, multiple parties are involved. So, the parties involved in the supply chain should be monitored at all times. 


Where did it start?


The introduction of blockchain technology to the first real-time supply chain was back in 2016 by IBM. With it, came a wave of technological advancements. Everledger was partnering with IBM’s blockchain-based tracking service to trace the origin of diamonds to ensure that they were ethically mined. Ever since its successful debut, supply chain development in blockchain became a promising prospect pursued by several organizations.


How did it help?

  1. Efficient tracking of data.
  2. Visibility across the globe.
  3. Transparency in operations.
  4. Trust regained through immutability.

Where do we stand today?


Due to the Covid-19 pandemic, multiple sectors linked to the supply chain have  been affected adversely.  But the industries integrated with blockchain services still function despite the crippling on-going pandemic. They offer different services such as manufacturing and deploying PPE overseas. The production and distribution of health care and personal protective equipment alleviate the losses faced by organizations. They also help streamline the business processes in order to effectively operate during the healthcare crisis. 


Conclusion


Blockchain technology has enhanced supply chain development to a greater extent. It ensures proper execution of business processes during tough times. With future advancement, the potential of supply chain development in blockchain looks promising.
Which type of wallet is best to store cryptos: hot wallet or cold wallet
Basically, there are a number of hurdles to jump on the pathway of becoming a crypto user. The daunting part of a crypto user is to select the best crypto wallet to store the cryptocurrencies. 


In this cryptocurrency wallet development there are many different options to select from when it comes to securing digital assets. It can be confusing and stressful for users trying to decide which method to use. 


There are two ways to store your cryptocurrencies. One is the hot wallet storage, and the other is the cold wallet storage. It is imperative to decide between both the wallets because each wallet has its own pros and cons, so make the right choice. 


What does hot and cold wallets mean?


The imperative difference between these two wallets is the internet. The hot wallet is connected to the internet while the cold wallet is kept offline.  


The funds stored in the hot wallet are easily accessible than the funds in the cold wallet. 


Hot wallet


Hot wallets are commonly used among crypto users. There are many popular hot wallets for the ethereum network that works on your web browser, such as MyEther wallet.


The installation of a hot wallet is very simple. All you need is to download a wallet to your desktop or your mobile phone, and that needs to stay connected with the internet. 


Most of the exchanges utilize hot wallets because they allow users to access their funds instantly. However, it is also a risk if you are storing all your funds on an exchange. As this wallet is always connected to the internet, it might be targeted by malicious individuals and hackers. 


Cold wallet


Cold wallets are best for users who do not often use cryptocurrency assets. Some users don’t use crypto assets on a daily basis and for those,  it is best to store them offline in a cold storage wallet.


There are different types of cold wallets, such as hardware wallets and paper wallets. As the name implies, hardware wallets are external devices like ledger nano S or Trezor that store your private keys. The funds stored in the hardware wallet are accessible as long as you have access to the wallet. The wallet is accessed with a password or a pin.


A paper wallet is a print out copy of private keys and public addresses on a sheet of paper or another material. This becomes a risk if you lose the paper. Anyone could easily access your funds with that printed paper. 


Which type of wallet is best?


The answer is quite complex because every crypto user needs to evaluate their requirements. If you are planning to execute big trades in the near future, you can consider a hot wallet. Same way, if you want to store your crypto assets for a longer period, then choose a cold wallet. If you are going to do a bit of both, then store cryptos in both hot and cold storages. 


Conclusion


We have covered the debate of hot wallet vs. cold wallet by giving essential pros and cons for both wallets. Be sure that you use the information acquired here to pick the best multi cryptocurrency wallet which will serve you for many years to come.

Ultimate Guide on Cryptocurrency Trading Bots and its working process
Let us have an overview of what cryptocurrency trading bots are and how they help facilitate trading in the realm of crypto. Predominantly, trading bots have served conventional trading in the past, but bots today, operate differently for crypto traders. Crypto bots are not deemed to be a utility owned only by the elite. Their versatility offers wider use cases.


How do Crypto Trading Bots work?


They operate on 3 phases, namely: Signal generation, Risk Allocation, and Execution.

  1. During signal generation, the trading bot formulates an algorithmic recommendation to purchase or sell cryptos or related assets. They help in identifying trading opportunities.
  2. Risk allocations aid in determining the capital investment threshold for the trade opportunity identified. Depending on user preferences, they help mitigate losses and risks.
  3. Execution relates to the actual deployment of the ‘buy’ or ‘sell’ order into the market. Often, they are timing-based owing to the volatility of the crypto market.

Different crypto trading bots adopt different trading algorithms and thus operate differently providing an edge to the trader.


Why are Bots considered?


Trading is impacted by a variety of factors that have the potential to improve a below-par proposition and mitigate a promising one. Here are some of the reasons why bots are preferred over humans.

  1.   Crypto bots possess the potential to execute hundreds of order placement within minutes. Such speeds are impossible to achieve by humans. 
  2. Crypto trading bots can facilitate trading around the clock,   which means seamless, break-free trading at all times.
  3. Humans are unable to process great amounts of data, process the information, and exercise precise decision making. Bots perform all the above with ease. 
  4. Trading Bots are not influenced by emotions, unlike their human counterparts. This ensures error-free and unbiased trading, with only the core idea of improving profits.  

When to use cryptocurrency trading bots?


Crypto trading bots can perform a lot of tasks for you in the exchange accounts like rebalancing, managing portfolio, smart trades, monitoring the exchange prince ranges. When it comes to setting the protocols of the trading bot, you must know when to use them and what are the tasks to be automated. Here’s the look around on the scenarios at which you must employ crypto trading bots!


Repeated tasks and schedules


Repetitive admin tasks like rebalances and other specific processes can be automated with trading bots. You can manually set alarms and rebalance your crypto portfolios every hour. But, in the busy schedules and office meetings, it is viable to lose rebalances in your crypto portfolio. Hence, you can employ crypto trading bots to automate the repetitive tasks in the exchange platforms. 


Appropriate timing


Crypto market space is volatile and experiences price volatility for every second. Before concluding the desired profit rates, the crypto market may change. Hence, employing trading bots for completing swift deals without any losses can be appreciable. Monitoring multiple crypto exchanges and closing the deals at the appropriate time can be tedious for human, but it’s compelling in case of bots. 


Round the clock tasks


Whatever the profession maybe, we are humans at the end of the day! We need breaks, sleeps and we do get tired of working. Performing day trading round the clock is impossible for humanity, whereas bots are invented to do that jobs efficiently. Crypto trading bots can diversely manage portfolios effectively and conclude the lucrative deals with desired profit range at any time. 


Conclusion


The automated crypto trading bots development has achieved newer heights. The irreplaceable value of bots ensures their permanent spot in the crypto realm for the years to come.

Understand Crypto Wallet with a real-life examples that you can connect with!
It’s always hard to understand the revolution in the economy for ordinary people. So the bitcoins too!


Most of the common people are confused about bitcoins and other cryptocurrencies. They do not even consider the asset values of cryptocurrencies as they are virtual. But, they would have forgotten the fact that our federation currencies are just paper with no intrinsic values outside the border of our country. 


For decentralizing, virtual money having standard value across the globe was invented, and a revolution started a decade before with blockchain and cryptocurrencies. 


Let’s get into the details of cryptocurrencies and how it’s stored in wallets!


What’s Cryptocurrency Wallet according to ordinary people?


multi cryptocurrency wallet is nothing but your crypto asset bank account that is decentralized across the globe without any intermediaries. A bit chaotic again?


Crypto wallets are the only place at which you can store and make transactions of the cryptocurrencies. They are similar to our mobile or net banking applications that have a secure passcode to access. To be much identical and connected, crypto wallets can be connected to our email accounts that have an address and password. Email accounts can be utilized to store and share any valuable information. 


When there is a crypto wallet talk, public and private keys are the mandatory topics. Now, let’s get into the brief discussion on these keys of crypto wallets!


What does public and private keys of the crypto wallet mean?


Every crypto wallet holds two significant keys: Public and Private. Public keys are similar to our house or email address that can be shared with any person to receive information. In the case of crypto wallets, a person can send or receive crypto coins by sharing the public key or wallet address. 


Private keys are our passcodes that are confidential and mandated to access or transfer cryptocurrency wallets. Without the accessibility to private keys, none of them can access crypto coins in your wallets. Even if it is the owner of the crypto wallet, if the private keys are lost, crypto coins become inaccessible. 


As of now, around 5000+ cryptocurrencies are there! Is it possible to store every crypto coin in separate wallets? Of course, NO!


Here’s the multi-cryptocurrency wallet!


multi-cryptocurrency wallet is the single crypto wallet at which the owners can store distinct crypto coins and perform transactions. With a unique portfolio, owners can maintain their multiple crypto assets without any hassle. 


Crypto wallets are available in different forms. Desktop, mobile, hardware, and paper wallets are most common among crypto investors. It’s always a best practice to store large amounts of crypto coins in cold storage and the remaining accessible crypto assets in mobile, desktop, or online wallets. 


To start investing and seek advice on customized multi-cryptocurrency wallet development please visit: Enterprise Blockchain Company

How does Blockchain augment the Supply Chain?
The need for Blockchain supply chain management development arose in order to improve the existing logistics sector. With the growth of the supply chain, the involvement of several intermediaries is undeniable. This leads to concerns about honesty, transparency, and reliability of the systems that ensure them.


Societies expand and technologies grow at a rapid pace. But with that, newer and complicated challenges come that pose a roadblock.  


What are the challenges faced? 


Some of the core areas that require constant focus and improvements are,

  1. Inventory Management.
  2. Risk Assessment.
  3. Resource Allocation.
  4. Data management.
  5. Operations Coordination.

So how does Blockchain resolve the pressing challenges?


Blockchain-based data management systems such as the distributed ledgers offer diverse benefits. They include seamless tracking as ledgers are transparent by nature. Records are immutable, thus eliminating the possibility of editing or falsifying information. These two features ensure proficient data management.


Advocating the utility of P2P networks empowers the supply chain entities to access high-speed transactions. Business operations are made seamless owing to the involvement of fewer participants.


Blockchain offers reliable and economic solutions to overcome several challenges. Smart contracts automate trade processes. They also extend contingency processes to ensure risk elimination from both ends.


Decentralization empowers all the parties involved in the supply chain. It promotes different entities to function independently but also ensures harmony in logistics.


What are the areas in supply chain management that benefit the most by blockchain?

  1. Production/ Manufacturing.
  2. Quality Analysis.
  3. Shipping.
  4. Delivery operations.
  5. Refunds.
Find out how blockchain Wallet Works and Some rich inside features of a cryptocurrency wallet
Cryptocurrency wallet plays a big role in crypto trading.  Without a wallet, the user cannot send or receive digital assets. 


Multi cryptocurrency wallet is a base for users when investing in cryptocurrencies. This is because it represents a bank account in the case of fiat currencies. Simply put, a crypto wallet permits its users to send, receive, and store digital assets. 


Generally, wallets are made up of secret codes and private keys that yield the holders the ability to access and spend cryptocurrencies that are held in the wallet. 


It is necessary that the user needs to keep safe the secret codes and the private keys. This is because these keys grant you access to your digital assets. 





How does a blockchain-based wallet work?


It is believed that the digital wallet is a device used for storing cryptocurrencies. However, crypto coins do not exist in physical form, and all crypto wallets do is record the transactions and store them on the blockchain.

A Multi cryptocurrency wallet is a software program that enables users to access the private and public keys. Every crypto wallet has a unique address, which is known as a wallet address or a public key. There is no harm in sharing the wallet address with anyone. The person who wants to transfer cryptocurrencies to your wallet will use your wallet address to make a transaction. 

Another digital key with a hexadecimal code known as the private key is not meant to be shared with anyone. The private key is similar to your bank account’s password or PIN number. 

Essential features that need to be considered in developing a cryptocurrency wallet

Simple interface

The crypto wallet should have an easy and simple interface so that even a layperson can understand the operations of the wallet.

Exchangeable currencies

It is necessary that a wallet should support crypto-fiat transactions. It should provide the user with a convenient way of exchanging currencies. 

Secure money

A crypto wallet should have a strong and complex password that provides high security to protect crypto assets. In addition, two-factor authentication acts as another layer to keep your wallet secure. 

Multiple currency support

Nowadays, users are interested in holding multiple currencies in a single wallet. This makes it easier to switch between currencies.

Conclusion

In the cryptocurrency space, the user should prioritize security before anything else. Some of the other factors one  should look out while deciding on a wallet are the transaction fee structure, the privacy, and security provisions. To get a secure crypto wallet, partner with a reliable cryptocurrency wallet development company.

Cryptocurrency Trading Bots Development
Crypto space is volatile, and the traders love its price plays. Every crypto trader out there tries to play a safer game in the exchange platforms. However, sometimes due to the swift price volatility, they end up in losses. The crypto markets are much more volatile! For instance, a trader can conclude a deal in the specific profit rate, but at the time of trade completion, it may be low or high from the desired profit rates. Hence, the professional crypto traders employ bots to perform their trade deals to avoid processing time, tiring analysis and stripping into volatile markets. 


Crypto traders design their strategies and approach a cryptocurrency trading bot development company to proceed with technical aspects. The traders can opt for various functionality and security features while developing a crypto trading bot with their strategies! There are in-built trading bots for portfolio management, market monitoring and much more common strategy. You can even purchase them, as there are numerous bots with better trading tricks!


In this post, let’s look at the aspects that are essential to choosing a crypto trading bot!


Significant aspects to scrutinize while choosing a crypto trading bot.


Quality


The crypto trading bots must be of high quality with 100% reliability and uptime. Crypto space concludes a deal within seconds. Hence, downtime, buffering must be strictly avoided to enhance the quality of crypto bots. The eminent team with extensive professional skills must develop the crypto trading bot so that they deliver perfect companion for your trading experience without any bugs. 


Ergonomic Functionality


It’s not that only technologists invest in crypto trading bots. The investors from any industrial space can purchase the crypto trading bot for crypto play in the market space. Hence, the trading bot you’re choosing must have the simplified, streamlined functionalities, so that everyone can utilize them for trading purposes with ease!


Security


Security is the priority while entering crypto market space. As the crypto trading bots prompt for exchange keys, they must be enabled with multiple security features. Enabling multi-factor authentication, automatic session logout, pop-up notifications on every transaction and much more can help crypto-traders escape from the prying eyes!


Proficient Functionalities


Crypto traders prefer advanced trading bots to perform their operations. Day trading, arbitrage, market making, mirroring, signal trading and much more have drastically improved on its way! The traders choose bots with stop-loss, fixed-profit, candle-stick patterns, automated signal trading features. 


Wrap up!


Cryptocurrency trading bots
 are employed to perform trading operations as the human can’t analyze multiple exchanges at seconds and conclude the trade. But, bots are masters of rapidness! Performing repetitive analysis and notifying the lucrative deals are tiring for a human to perform round the clock. Bots are invented to operate round the clock with repetitive tasks. Hence, crypto bots can shower you with work-life balance and lucrative business deals!
All about blockchain wallet and its massive success in 2020
Blockchain wallet is a digital wallet used to manage cryptocurrencies like Bitcoins and other altcoins. 


If you want to engage in the cryptocurrency business, then you need to have a digital wallet to store your bitcoins and other assets for easy transactions. 


Blockchain wallet is just like your virtual bank, where you store your assets for transactions. The importance of having a blockchain wallet is similar to the importance of having an account with a bank.

The blockchain wallet not only allows users to send and receive cryptocurrencies but also helps to manage your balances. To get hold of a blockchain wallet, all you need to do is create an account on the wallet’s website and explore its amazing benefits.

How secure are they?     

To gain high security of your crypto wallet, try not to store all your crypto assets in one digital wallet. It is also advisable that you backup both your wallet and your private keys. 

If your wallet is hacked and has not been backed up,  then you will end up losing the keys and all of your currencies connected to it. So before choosing a blockchain wallet, understand that there is an element of risk involved and how you can reduce this risk. 

How blockchain wallet hits a massive success globally?

The number of blockchain wallets has doubled over the last two years, reaching more than 47 million users globally in 2020. 

A statistical report revealed that in 2016 there were nearly 11 million blockchain wallets in the world. By the end of 2017, the number of users has grown immensely by 95% and reached 21.15 million globally. 

The remarkable rising trend continued in the last two years with the number of blockchain wallets jumping over 44.5 million at the end of 2019. 

With all these statistical data, it is believed that the blockchain wallet users will be doubled every year in the near future. 

Over to you

The blockchain wallet development is at the top of the head these days. Due to its spectacular features, it has become very famous for electronic payments and transactions.

How crypto payment gateways can improve industry transactions
Initially, blockchain technology gained fame because of the usage of cryptocurrencies. It only involved the flow of money. Using blockchain technology, most of the currency was transferred back and forth and was mostly disconnected from the flow of goods. 


For a period of time, people held onto their cryptos and treated it as an investment.


Many companies are using blockchain technology to enhance their productivity in different areas like supply chain, E-commerce, and much more. 


The adoption of the crypto payment processor into the supply chain has become a natural progression because it increased efficiency, automation, and liquidity. 


Now let us deeply know how crypto payment gateways can improve industry transactions.


The crypto payment gateway creates greater liquidity in digital 


Connecting a supply chain to a payment processor provides a different means of making a payment. It opens a new source of liquidity for a business that is involved. 


Even if a company is cash-forward, they can use other assets to transact between supply chain participants. For instance – If a company occasionally pays contractors with bitcoin, but they likely can’t use it to pay with manufacturers or supply chain participants  


The crypto payment gateway provides the industries with instant, diverse ways to use their crypto assets. It improves liquidity and decreases liability. 


Streamline payment improves efficiency and automation


Even if the supply chain has an individual payment processing system, still they are disjointed. They do not work in a seamless manner. This inefficiency of the supply chain has many consequences for businesses using them. 


For instance, consider a product that requires different parts, each part is manufactured by different vendors, and everyone is located far from each other. The task of filling out orders and completing them is incredibly time-consuming.


Processes like these in the supply chain may take months to complete depending on what type of product the company is working on. 


These systems could become more efficient by digitizing and automating the flow of data. So many companies started adopting crypto and blockchain technology. 


A peer-to-peer transaction can reduce the cost for companies.

Crypto payment gateway takes the individual company’s burden by providing a single solution for every participating supply chain or industry. 

Allowing industries to process transactions automatically and experiencing significantly lower transaction fees is a huge leap for cost-saving. 

Bottom line

Experts believe that the crypto payment gateway is the future, and businesses adopting them will encounter a lot of attention from crypto supporters. Apart from these, there are also advanced crypto payment gateway solutions that aim to facilitate a more efficient business environment without intermediate and human interaction.

The exponential growth of cryptocurrency wallet users
A data survey recently published says that the number of cryptocurrency wallet users has been steadily increasing over the past decade, regardless of the market’s ups and downs.


The research shows that the blockchain wallet users worldwide have jumped from less than 6.7 million to 34.6 million over the last few years. Further, there is a constant increase with every quarter in a year seeing more cryptocurrency wallets than the previous one. 


The crypto wallet is the gateway into crypto space where one can buy their first Bitcoin or altcoins and then continue to explore everything else that the crypto market has to offer. 


Like the internet built around the browser, crypto is built around a wallet. 


The cryptocurrency wallet holds the cryptographic secret keys used to sign the transaction. Using secret keys, users are allowed to make a transaction and see the current assets that are stored in the wallet.


Generally, the concept behind the crypto wallet is all of this public key or asymmetric cryptography. The public key can be known to all, and the private key is kept secret. 


The integrity of the public key and the private key is the attribute that must be preserved for this to work. 


Now let us know deeply how the cryptocurrency wallet has an impact on enterprises. 

  • Basically, enterprises work differently than individuals when handling money. Every enterprise handles its own digital assets and also functions as custodians of their customer assets. 
  • Here the employee is the agent responsible for specific functions to initiate the transfer. If there is an active transfer, multiple people from both the executing and oversight sectors have to sign off. Allowing people in multiple roles to sign a transaction involves some neat cryptographic tricks. 
  • Now, institutions can transfer huge amounts from one wallet to another in two ways. One way is to claim multiple signatures on a single transaction. This feature is called multi-signature. Here the smart contracts verify the signature. Another is the use of private keys divided into pieces and controlled by multiple participants in the organization. Once the signature is assembled and submitted then the transaction is initiated; this uses a form of multi-party computation (MPC).
  • The main aim is to ensure that multiple participants from different departments sign the transaction. This increases the efficiency of transferring huge amounts between enterprises.

Conclusion


As stated earlier, the crypto wallet is the gateway to enter into the crypto space. Every individual and entrepreneur should have a crypto wallet to store and receive tokens and cryptocurrencies. If you are interested in integrating a crypto wallet into your exchange, then approach a cryptocurrency wallet development company that offers top-notch security and other features. 
Future of Cryptocurrency wallet and Blockchain technology
With the advancement of technology, humans have been able to improve multiple aspects of their lives. Entertainment, food, security, work, education, and productivity are some of the more common grounds of advancement. But as we continue to seek further improvement, we discover new frontiers of technology that aid future progressions.  Blockchain is the next step in the advancement of technology.


But what is Blockchain Technology?


To understand it, let us look at the traditional accounts ledger system first. A ledger allows its user to add consecutive entries of data in it, keep track of the data, cross verify, and make sense of them through a structured approach.


Blockchain technology adopts a similar functionality, but instead, they work like that of a legitimate database of entries on distributed ledgers, shared across multiple platforms, thereby enabling a community or a group of users to track the entries.


Blockchains are primarily used to track the transactions of cryptocurrencies. But by isolating their core functionalities, we have discovered several innovations and applications of blockchain across various industries.


What are the features of blockchain?

  • Decentralization
  • Distributed ledgers
  • P2P networks 
  • Immutable entries
  • Cryptography-based security

are some of the key features offered by blockchain technology.


Decentralization refers to the elimination of a single body of authority. For example, a single government body or a group of people controls the overall functioning and acts as the deciding authority of a bank. Via decentralization,  the customers are given power and authority over their assets.


Distributed and Immutable ledgers allow shared tracking of entries and once entries are made, they are made public and cannot be tampered with. This leads to easy & quick tracking of data.


P2P or peer-to-peer networks refer to a mesh of multiple interconnected networks that allow communication between users(peers) of the same community. P2P networks allow verifications and certifications for transactions.


What are the applications of blockchain?


The blockchain technology applications consist of, but are not limited to;

  • Blockchain Finance
  • Blockchain Exchange
  • Supply Chain Tracking
  • Quality Assurance in Supply Chain
  • E-commerce Databases
  • Crowdfunding Platforms
  • Blockchain Internet of Things
  • And so on….

But we often find cryptocurrency in close association with blockchain technology.


Cryptocurrencies are digital coins that are utilized as an acceptable medium to perform trade within a community of users. Cryptocurrencies have a real-time monetary value that often fluctuates based on multiple factors, including trade.


Crypto users on blockchain platforms use crypto-wallets to store their digital assets. They facilitate secure and easy storage, exchange, and transactions of cryptocurrencies. There exist various types of crypto wallets such as Desktop wallet, Web wallet, Mobile Wallet, and Hardware wallet. Each of these work on the same concept of digital currency transfer but have different utilities and accessibility. The services related to the creation of crypto wallets are called cryptocurrency wallet development services.


What are the benefits of crypto-wallets?


Crypto-wallets offer distinctive benefits on their own and also by incorporating the core ideas of blockchain technology. 

  1. Global Currency

Crypto-wallets allow its owners to carry cryptocurrencies and perform transactions since cryptocurrencies are accepted globally. 

  1. Secure and Reliable

Public and private keys function similarly to a bank account and a password respectively to ensure secure transactions. Both private and public keys are mathematically encrypted through hash algorithms to improve reliability.

  1. Decentralization

Decentralization ensures the elimination of third-party intervention or the abuse of authority by a single entity on the blockchain.

  1. True Ownership

The private and public keys are user-generated, thus offering true ownership and control over the contents of the wallet.

What made few merchants ignore the cryptocurrency payment hype?
Cryptocurrencies will probably have a great impact on payment processing at some point in the future, but in the present, we can be confident that there is no enough demand to explain taking on the added complexity and the risk of accepting them. 


In research, it has been found that some Bitcoin exchanges are looking for traditional payment processing for credit cards, so their consumers can purchase cryptocurrency using MasterCard or Visa.


The adoption of cryptocurrency will be on hold until the Federal government develops guidance regulations for virtual currencies. At this time, some countries do not recognize cryptocurrencies as legal tender. 


Now let’s focus on some of the issues that created an inconvenience situation for merchants to adopt cryptocurrency payments gateways


Lack of knowledge in understanding the technology


There is still a lack of knowledge among the people on how the distributed ledger technology works except some of the developers and blockchain believers. A majority of merchants don’t understand the mechanism of blockchain technology, which made them ignore the cryptocurrency payment gateway method. 


Price volatility


It is known that the crypto market place is quite volatile, which makes it difficult to establish a proper valuation for currency in exchange for goods. The crypto market has a great tendency to fluctuate between high and low. 


This has become uncertain for merchants because if they accept one price for a product in the morning, then the currency value will drop dramatically before the end of the day. 


Long processing time 


Unlike traditional credit card transactions, transaction processing using cryptocurrencies takes time. Transaction time will vary depending upon the currencies used and the network that is being processed. 


As of now, crypto settlements may take up to 30 minutes or even higher if there is a large volume of Bitcoin transactions in a particular network. 


Instability of crypto coins


As cryptocurrencies are new, the digital market has yet to establish which one will eventually win over the market space. The volatility of different coins and the addition of new one’s have a bigger impact on the market fluctuations. 


To sum up


Until now, the traditional payment methods of credit cards and debit cards remain the primary ways of a customer to purchase goods and services from Merchants. If the market demands the acceptance of cryptocurrencies worldwide, then the merchant and the payment processor will act accordingly.

A short guideline on how to choose a bitcoin wallet development company
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.

A chasmic knowledge on the internal working mechanism of a blockchain wallet
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. 

The reason behind the massive growth in adopting cryptocurrency payment gateways
cryptocurrency payment gateway is powered by blockchain technology and works with the most transparent and reliable solution. 


It provides a cost-effective payment system for all users and does not fail in delivering trust. 


Why you need a blockchain-based Crypto payment gateway?


The implementation of a blockchain-based crypto payment gateway brings more efficiency and trust among different networks. 


It provides you more time to analyze the distribution channel and how the customers are making the most of the technology.


The crypto payment gateway does not make the transaction process easier, but it accelerates the speed of adopting new mechanisms and methods.


If the smart contracts are integrated for handling transactions, then you can get more assurance of success.


The crypto payment gateway increases transparency for the entire process to gain better norms endorsed and applies them to the core with higher intensity. 


How to find a payment gateway for cryptocurrency exchange?


It is essential to find a proper payment gateway with the best qualities that focuses precisely on the features you need. 


A  crypto exchange development company employs payment processor services to integrate the payment gateway. This helps the traders to buy cryptocurrency with a credit card. As a merchant, these are the following features you have to look for in a payment gateway. 

  • Make sure that the company you choose uses a top-notch anti-fraud software.
  • The payment processor ensures high conversion that fulfills the process and has a smart routing option.
  • The processing company should offer various payment methods like credit card or wire transfer.
  • The payment processor should provide cryptocurrency exchange tools because not all processors offer merchant accounts for this type of business. 

Take away


As the number of crypto users grows, an increase in the need for cryptocurrency payment gateway is understandable. In recent times, people started to make money with cryptocurrencies, irrespective of the rise and fall of price value. Individuals and entrepreneurs always wanted a safe and intuitive platform to trade cryptos. If you are looking for a crypto payment gateway solution, then approach a payment gateway development company that empowers your business with its pioneering solutions.

Cryptocurrency wallet security mechanisms need to consider before develop a wallets
In the growing market of crypto trading, wallets that offer more than the ability to perform transactions have  to possess a competitive advantage. The introduction of various multi-cryptocurrency wallets in recent years have created an advantage over the traditional banking systems.



Multi-cryptocurrency wallet development
 focuses on developing a wallet that allows the user to trade with more than one cryptocurrency. By offering variety, the platforms are open to new investors, and users are empowered to trade with versatility. Wallets are of different types and each is secure in their own kind. Wallets possess private and public keys that act as a passkey and bank account/address of the owner respectively. 


Wallet types: 

  • Hot/Cloud. Wallets
  • Warm Wallets
  • Cold/Hardware Wallets
  • Paper Wallets

Cryptocurrency wallet development services offered by organizations ensure security features of enterprise standards. Security features such as two-factor authentication, passphrase encryption, anti-DDoS modules, and anti-phishing software are developed to offer safety from hacking and fraudulent entities


We at BLOCKCHAINFIRM, with our team of experts, extend our wallet development services to create a personalized crypto wallet that supports multiple cryptocurrencies.
The untold reasons behind the exponential growth of crypto wallet users.
In recent years, we can see that cryptocurrencies can also be used to buy goods and services as any currency. 


Cryptocurrency is nothing but a digital currency that uses cryptography to provide secure online transactions. These digital currencies work based on blockchain technology. 


A crypto wallet is a software program that enables you to interact with blockchain technology and allow the users to send and receive digital currencies as well as to monitor their balance.


So cryptocurrencies are an integral part of using a cryptocurrency wallet now let us look at the reasons that made a cryptocurrency to be a huge success. 


Why is it so popular among the digital space?


Cryptocurrency supports its users for a variety of reasons. 

  • The users see cryptocurrencies as a currency of the future and compete to buy them before they become more valuable. 
  • Some users prefer cryptocurrencies because it removes the central bank for managing the money supply; these banks tend to lower the value of money through inflation. 
  • Some Crypto support, like the technology behind digital currencies, is the blockchain technology because its decentralized processing and record tracking system provides more security than the conventional payment system. 
  • Some followers like crypto coins because the value of a coin rises up and has no interest in the currencies. 

Few points to be noted before choosing a crypto wallet

  • Setting up a crypto wallet is a necessary step for everyone interested in entering into the digital space. The crypto wallet allows you to store, send, and receive digital coins. 
  • The wallet comes in different shapes and forms, so it is totally up to the user to choose according to their priorities. 
  • Selecting a multi-cryptocurrency wallet will be a wiser idea because the user need not have to own multiple wallets to store a variety of crypto coins. Instead, you can store all your digital coins and assets in a single wallet. 
  • When it comes to digital assets security, users should always choose the safest wallet like hardware wallets. These wallets are also accessible without the internet, and hence they provide high security and considered cold storage.
  • Another main point to be considered is your wallet should support multiple platforms, including mobile operating systems. It should be open source and support platforms like Windows, Mac, Linux, mobile operating systems like Android and iOS. 
  • The most attractive feature that you need to look into a cryptocurrency wallet is that it should be a non-custodial platform that means the owner of the wallet is responsible and takes control of all funds time. 

Over to you


As stated earlier, cryptocurrencies are the main integral part of the cryptocurrency wallet. In my research, for the right wallet, I came across a Cryptocurrency Wallet Development Services Company Blockchain Firm. They have the best squad of blockchain enthusiasts that build wallets and multi-currency wallet with a high standard of security for your crypto exchange platform.

Essential points that made automated Crypto trading bot a huge hit
The new automated technology improved the working experience of a crypto user and provided access 24/7 to the global crypto market. This made huge growth in automatic crypto trading platforms. 


This cryptocurrency trading bot also provides multiple customization options, a user-friendly interface, and the ability to access the global crypto market 24/7. 


What is mean by Crypto trading bot? 


Crypto trading bot is a software tool that executes automatic trading based on its interpretation of market data without involving the user.


The crypto bot will automatically execute a trade when the market condition met a set of predefined rules and programmed criteria. 


The crypto bot will analyze the market activities such as price, volume, orders, and time. 


How is it useful? 


The main aim of a crypto trading bot is never to miss any trading opportunities. Simply put, the trading bot will act at the right time of the trading even if the user is physically not present. 


The bot will eliminate the fear and emotion of an investor whenever trading is performed.


The crypto bot also enables the investor to run the trading plan 24/7. The investor need not have to dedicate a lot of time to analyze and execute the trade. 


What type of crypto bots are preferable? 


The crypto trading bot will take control over some parts of your exchange account, so it is essential to choose the best crypto trading bot that provides the utmost security.


There are four types of trading strategies available in the market. You can customize your bot starting from a simple strategy to a more complex strategy. 


Arbitrage


The arbitrage bot exploits the difference in price between various cryptocurrency exchanges around the world. 


This bot provides an advantage to the traders by allowing them to trigger trades when a certain price differential is met. 


Trend following strategy


This bot is considered as a simple trading strategy that responds to direct market changes. 


The trend-following strategy does not require any complex algorithm to predict analysis. 


Market making


The market-making strategy simply allows traders to buy and sell a huge volume of currencies and profit from the spread.


If you want to trade a huge volume of currency, then the market making strategy would be the best option. 


Copy-trading


As the name implies, it allows users to copy another trader’s trade automatically. It is very simple to copy other trader’s trade just by the click of a button.


Pros that made crypto bot a huge hit


Efficiency


The crypto bot analyzes the market trend and executes trade simultaneously whenever there is a spot for making a profit. 


Emotionless


It is known that cryptocurrencies are highly volatile. As the crypto trading bot executes the whole trading process, they don’t have emotions to lose nor attached to money. If there is any manipulation or price fluctuation, it does not affect their functionality. 


Increase speed


If there is any delay in executing a trade in the crypto market, the trader might lose a huge amount. Conversely, the crypto trading bot executes trade instantly. This makes them much more effective than humans. 


Summing up


It is now clear that cryptocurrency trading bots are an essential tool for traders. If the user is capable of defining effective trading strategies, then the bot will turn out to be the best trading tool. If you are curious to own your trading bot, seek a trustworthy trading bot development company that helps you make huge money out of it.

Some fringe benefits of owning a cryptocurrency wallets
The concept of cryptocurrency may be new to some people, but it has been around for more than a decade.


Crypto users have grown tremendously due to their efficient features and better security and privacy than traditional currencies.


The crypto users are mining Bitcoins and other cryptocurrencies to invest in it and to gain huge profits. However, it should be noted that digital currencies are volatile and still a risky investment. 


A cryptocurrency wallet is an application that allows crypto users to send, store, and retrieve digital currencies. 


Why is it necessary to hold a cryptocurrency wallet?

  • First and foremost, the cryptocurrency is a virtual currency that cannot be touched or stored in any physical wallet. 
  • When you obtain a cryptocurrency by purchasing, you direct the sender with a unique cryptographic address that is issued by the wallet. The cryptographic address of your wallet is also termed as the public key. 
  • The private key is nothing but the password of your wallet. The private key is similar to your bank account PIN. It should not be shared with any outsourcing.
  • The Cryptocurrency wallet that runs on blockchain technology. Whenever a transaction is made through a cryptocurrency wallet, the decentralized ledger records and authenticates all the transactions, so to avoid scams and verify the end-users to whom we trade can be done through blockchain-based Crypto wallet.

Features that you need to look after in a cryptocurrency wallet. 


Authorization

  • Authorization is one of the main features of a cryptocurrency wallet. Whenever a user wants to use a cryptocurrency wallet, the prime thing is to sign up with their private keys to access their cryptocurrency wallet. 
  • So your crypto wallet should have an extra layer of security by integrating two-factor authentication. The authorization feature must have a proper security protocol. 

Alert or push notification

  • The push notification feature helps the wallet owner by notifying the actions performed in the crypto wallet such as current crypto Price, current balance, success and failure of a transaction, etc. 
  • With these features, users can be aware of the current activity performed on the Crypto wallet. 

Privacy measures

  • The cryptocurrency wallet does not require KYC registration for users to access their funds. It converts the user password into a 12 word mnemonic phrase that can be used only by the owner of the wallet. 
  • The mnemonics phrase is generally associated with the private keys, which made them align with the security features.

To sum up


These are some of the benefits that you need to consider while choosing the best cryptocurrency wallet. If you are interested in owning a cryptocurrency wallet, I suggest you approach the Blockchain Firm a cryptocurrency wallet development company as they serve you a high standard crypto wallet with both encryption and decryption mechanisms that lower the hacks to a minimum to none. 

A short manuscript on the top 3 best cryptocurrency payment gateway
Cryptocurrencies have been popular across the digital world ever since it came into existence. The Crypto users have been incredibly increasing due to its unique feature, decentralized mechanism, and programmed by the blockchain technology.


cryptocurrency payment gateway enables merchants to perform transactions using cryptos and encourage an instant exchange of crypto into fiat currencies.


The primary function of a cryptocurrency exchange platform is for the user to transfer digital currencies between individuals without any intermediate tracking of your transaction. 


If a user uses a cryptocurrency as one of its payment methods, the transaction transpires through a payment gateway at a fixed market rate, that automatically converts the cryptocurrency to fiat currency to avoid fickleness of the cryptocurrency market.


 Now let’s look at the types of cryptocurrency available in the market.


Different types of cryptocurrencies


Bitcoin


A bitcoin is a digital currency. It was the first crypto and also considered as the biggest of all. Crypto users have already mined most of the Bitcoins.


Bitcoins are accepted in many stores than other Cryptocurrencies. Users can buy any item using Bitcoin through the online sellers that accept cryptocurrencies as a payment method. This is another way to liquidate Bitcoin rather than converting them into cash. 


Ethereum

  • Basically, ethereum is a platform that enables users to build a decentralized application and smart contracts. The currency is called Ether. 
  • If a decentralized application runs on the ethereum blockchain, then the user needs Ether to pay for transaction fees. Ethereum can process transactions in less than a minute.

Ripple

  • Ripple is a blockchain that is specifically designed for banks to make their payments faster. It is also termed as banker’s coin. 
  • Many financial companies have partnered with Ripple. An alternative to fiat currencies Ripple is the best option to use within the world of finance. 

Now lets deep dive into the topic of knowing the best cryptocurrency payment gateway.


Best cryptocurrency payment gateway


CoinSwitch

  • CoinSwitch is one of the best crypto payment gateway, where users can convert Bitcoin and other 30 + cryptocurrencies into Fiat and then trade using the CoinSwitch exchange platform.
  • Using a Coinswitch platform, users can buy cryptocurrency is like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and much more. 

Coinbase

  • Coinbase is one of the most extensive exchanges in the world. Coinbase clings on all the legal procedures that are necessary to be a Crypto payment gateway and is also considered a most trusted Crypto exchange. 
  • In the Coinbase exchange platform, users can quickly convert cryptocurrencies into Fiat currencies without having the merchant to have a withdrawal request. 

CoinGate

  • CoinGate specifically designed to be used in a user-friendly manner where the users can monitor the payments through their mobile phones. It is one of the most preferred payment gateways in recent years. 
  • Coingate support 40 + cryptocurrencies and also charge an operations fee of 1% on every transaction. 

Bottom line


As the popularity of cryptocurrencies increases, many countries have started to accept crypto as one of the payment methods. Perhaps in the near future, Crypto payment might stand tall among all the types of payment methods. It’s never too late, start integrating with the best cryptocurrency payment gateway into your business that drives your revenue scale higher!

Few points on how Bitcoin wallet development resolved some imperative issues
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!

Few elements that triggered the increase in the adoption of multi-cryptocurrency wallets globally.
A cryptocurrency wallet is a software where we can send, receive, and store all are digital currencies. 


In many countries, owning a digital wallet is not registered under the law of that particular country. So it is necessary to choose a safe and secure cryptocurrency wallet to perform digital transactions.


multi-cryptocurrency wallet supports more than one cryptocurrency. Simply put, it is a wallet where we can send, receive, and store various kinds of cryptocurrencies. It is highly beneficial because the user does not need to keep many wallets for keeping various types of cryptos.  


Now let us further comprehend the various types of cryptocurrency wallets that are available in the digital market. 


Categorization of Crypto wallets


Online wallets


As the name implies, the online wallet runs on the cloud. Users can use the online wallet to access blockchain through a web browser interface without downloading or installing the wallet.


Users can simply create a new wallet and a personal password to access it. In fact, this wallet is more convenient for inexperienced users. Some online wallet service providers hold and manage your private keys on your behalf. This practice is considered quite dangerous because if you don’t own your private keys, then you are trusting your money to someone else. 


Desktop wallets 


Desktop wallets are considered as the safest option than web wallets. The software that you need to download and run locally on your computer. The desktop wallet gives full control over your funds and keys. 


If your desktop wallet is encrypted, then you should provide your password whenever you run the software. In case if you lose your password, then you will most likely lose the access of your Crypto coins. So it is always necessary to backup your wallet and keeps it somewhere safe. Your computer must be free from viruses and malware before setting up a cryptocurrency wallet. 


Mobile wallet


The mobile wallet functions are similar to the desktop wallet, but it is designed especially for mobile devices. This wallet is convenient as it allows the user to send and receive digital currencies with the help of QR scanning codes.


Mobile wallets are most suitable for users who perform transactions and payments on a day-to-day basis. It is necessary to encrypt your mobile wallet with a strong password and backup your private keys because mobile devices are vulnerable to malicious applications. 


Hardware wallets


Hardware wallets are typically hardware electronic devices that use a random number generator to generate public and private keys. These wallets are cold storage wallets means you can store the keys in your device that need not have to be connected to the internet. 


This wallet offers a high level of security against online attacks and fraudulent activities. Hardware wallets are best when you hold your crypto for a long time or if you are holding a large number of cryptocurrencies. These wallets tend to be less user-friendly, and it isn’t easy to access funds when compared to other types of wallets.


Paper wallets


As the name intimates, a paper wallet is a piece of paper on which the private key and the public address are physically printed out in the form of QR codes. These random quotes are scanned to execute a Crypto transaction. 


This wallet is highly resistant to online hacking attacks and also considered as n cold storage. 


Best multi-cryptocurrency wallet


Out of all these types of wallets, mobile wallets stand tall on all the parameters. These wallets are handy, convenient, and easy-to-use, so an inexperienced person can use it most efficiently. Users can easily purchase all the goods and services directly through the mobile Cryptocurrency wallet. 


To sum up


It is now proven that cryptocurrency wallets are an integral part of using digital currencies. So it is important to invest time and effort into seeing the best Crypto wallet. If you’re curious to launch your own multi-cryptocurrency wallet in no time, then approach Crypto wallet development company that can provide a white label multi-cryptocurrency wallet and help you to uplift your business to global market space!

The Basic elements that one need to know about crypto trading bot
Trading cryptocurrency is not easy because the cryptocurrency market is highly volatile. Unlike the stock market, the cryptocurrency market does not end, and that triggers a stressful scenario for both casual investors and professional investors in the market. 


Crypto trading is a software that automatically analyses the trend of cryptocurrency trading data then perform the buy and sell order by itself without the involvement of the trader. 


The crypto bot interprets and combines the traditional market signal such as order, price, volume, and time with technical signals such as moving averages, Bollinger bands, and other factors. 


How does a crypto trading bot works?


Crypto trading bot
 works according to three stages, namely signal generator, risk allocation, and execution. 


The Crypto trading bots are encoded with computer programs that perform buy and sell orders of cryptocurrencies automatically at the right time, even if the trader is not physically present. 


The signal generator is used to predict the data, and the risk allocation calculates how much to buy. Once the crypto bot analyses the direction and how much it should buy or sell, it works precisely according to that and attains the execution stage. 


The important point to be noted is that all three stages require their own distinct algorithms and optimization process to perform optimal work.


Types of crypto trading bot


The automated trading board is designed in such a way to allow a wide variety of trading strategies. Starting from a simple trend strategy to a more complicated strategy value of a wide range of data points. There are four types of Crypto trading available in the market.


Arbitrage bots

  • The arbitrage trading bot looks to exploit the difference in the price of an asset between different exchanges.

Market making bots

  • The market-making bot continuously performs buying and selling of Crypto assets to capture the scope between the buy and sell price as the price value waves.

Technical trading bots

  • The technical trading boards use indicators and signals to foretell price movements in the market and generate profit.

Profile automation bots

  • The profile automation bot spins around, helping the traders achieve their desired duties instead of active trading.

The reasons that need to be considered for using a bot

  • It finds more new opportunities for traders
  • It takes the emotion out of the trading
  • It generates huge income
  • It saves a lot of time

Pros of using Crypto trading bots

  • Increase the trading speed
  • It provides 24/ 7 running period 
  • It does not affect human emotions
  • The ability of multi-tasking makes it more efficient

Closing thoughts


The crypto trading bot development is considered a vital tool for all professional and casual traders. If you are capable of modifying the settings and defining active trading strategies, your bot can bring a humongous profit.

Seven basic steps to develop a cryptocurrency wallet
A cryptocurrency wallet is a virtual wallet that is used to send, receive, and store all digital assets such as Bitcoin, Ethereum Litecoins, Ripple, Zcash, etc.


Multi-cryptocurrency wallet is considered as an integral part of cryptocurrencies. It gives the user a total and absolute control over their digital assets. 


It is a vital tool for all crypto users. Now let us discuss how to create a cryptocurrency wallet. 


Seven basic steps to create a cryptocurrency wallet.


Researching and planning


First and foremost, before developing a cryptocurrency wallet, you will need to analyze and research the project like the development period and the tools required for developing a wallet. 


Evaluate the project and discuss it along with the team members and plan according to that to develop a finished product. At the end of researching and planning, you will discover the project’s scope and development budgets. 


Business analytics


The main aim of the final product is to gain more interaction with a regular user with your interface. So it is essential to add the basic operations in your user interface. 


If you want to customize your wallet, then you can add your own list of requirements, and in such a case, you will be responsible for the quality of analytics. 


Application design


If you want to develop the application from the scratch then approach a development team that can help you to create the UI /UX base and wireframes. If not, the customer can use the readymade user interface design that is available in the market.


In this phase, you can achieve the final product look. It is essential to gain feedback from specialists and marketers who will share the customer response on the design options with you. 


Coding


Once the design and technical tasks are made, the programmers will start writing the code. The application logic is linked with the survey part and blockchain of cryptocurrencies. 


Some of the open-source libraries are used to speed up and reduce the cost of development. There are some readymade software solutions in the market, such as Bitcoinj blockchain, coinbase, etc.


Testing


Once the code is generated and developed all the functionalities of the wallet, it moves to the testing phase. Experts test the application with all the possible scenarios to make sure there are no errors and bugs. 


Launch your crypto wallet


After completing the testing process and improvements, the tester, designer, marketer, developer, and the customer should agree to release the project. 


The developers will add it to GeekHub, Google Play, and other app stores. 


24×7 technical support


The development of the cryptocurrency wallet does not end with the release of the project. The success of the project totally relies on technical support after the development because if a customer or user found a bug, the technical team needs to resolve the errors. 


The development team continues to work on the project to provide maintenance or add new development stages. 


Final thoughts


The emergence of cryptocurrency has disrupted the existing world of finance and opened many new opportunities for all people who believe in this technology. If you find it difficult to develop your own crypto wallet, then approach the cryptocurrency wallet development company to develop your customized crypto wallet that will suit all your personal and business needs. 

Cryptocurrency Payment Gateways are Crucial for All Businesses | Know Why?
cryptocurrency payment gateway is similar to a Point Of Sale system where payments are processed. A payment gateway’s primary function is to process digital transactions by transferring the sender’s funds & data to the receiver.


Accepting bitcoins and altcoins as a payment brings in a lot of advantages for businesses. Think of this: Payments through credit cards are usually expensive. And, banks or payment processors charge a fee for processing the transaction.


Crypto payments bring such transaction fees to less than 1 percent. Moreover, bitcoin transactions are irreversible, meaning, there is no open door for false chargebacks or returns.


Defining Crypto Payment Gateway


A crypto payment gateway allows merchants/retail stores to accept transactions in bitcoins and altcoins. In recent years, we have witnessed many payment processors that facilitate the buying and selling of popular cryptos like Ethereum, Ripple, Tether, Litecoin, and Bitcoin Cash.


“A quick tip: Since the crypto market is an extremely volatile one, businesses accepting cryptos as payments may convert them into fiat regularly.”


Why Businesses Need Crypto Payment Gateway?


There are numerous reasons that an enterprise could benefit by adopting cryptocurrencies as a payment option.

  • Businesses could offer existing customers new payment methods
  • Attract new customers who prefer using bitcoin and altcoins to pay for their e-commerce purchases, goods, and services
  • Companies could set up a discreet and trusted payment method for customers (no credit card or bank statements and all)
  • Crypto payments are far more secure than the traditional ones and are retained on the blockchain network indefinitely
  • Reduce the payment costs that come with other methods such as credit cards and banking transactions
  • Play a major part in the cryptocurrency revolution

Above all, traditional payment gateways are charging heft transaction fees, in particular for cross-border payments. So, now is the time to replace the traditional systems with newer, reliable, trustworthy crypto payment gateways.

What is a Crypto Trading Bot and its Benefits?
Simply put, Crypto trading bot are computer programs that autonomously pick signals and trends and then execute trades. Unlike the regular homo sapiens that get carried away by emotions, bots are entirely dependent on the data and perform trades seamlessly.


As an added advantage, the bots help you do your trades even while you are fast asleep with your family. Some bots are programmed to trade on multiple exchanges while some stick to the mentioned platforms only.


Benefits of cryptocurrency trading bots


Bots make the life of novice traders easier!


Cryptocurrency market space is tedious, and it’s hectic to make assured profits from mining, trading assets at the novice stages. The novice traders require a lot of research, tiring hours and a keen understanding of the ins and outs of the trading strategies to succeed in making profit rates. However, even after these striving efforts, the profit rates can’t be assured in crypto space! But, the bots can ease the task of monitoring, implementing the trade strategies and notify about the profitable deals in seconds!


Advanced crypto trading bots can copy the trading strategies of professional traders and mirror them into your exchange accounts, by which you’ll earn lumps of assets!


Exploring with experiments


Novice traders require a lot of space to research on distinct market strategies, trading techniques, popular crypto-assets and other realms. The bots can be set to provide an aggregate graphical representation of the market trends, thereby growing across your learning curve. With every exploration of a trading platform, you can experiment the strategy by setting automated profit rates in the bots. The experience with multiple trading strategies can make you a successful trader soon!


Round the clock trading


Crypto market space never sleeps, and the price hikes, declines occur all through the day. Of course, as your night becomes the day for other parts of the world, the crypto-asset value keeps on increasing and decreasing! However, you can’t work round the clock to perform trade deals in the crypto world. You can employ a bot and monitor the crypto space all through the day without letting your personal space!


Time-Efficient


Crypto market is 24-hour gameplay! Withstanding the crypto assets in your portfolio is a shabby task. Monitoring and concluding the trade deals at the right time is a mandatory requirement in the crypto trading space. Bots can be effective in concluding the trade deals within a fraction of second!


The bots can efficiently reduce the time of market monitoring and trade deals conclusion with intuitive UI. Choosing secure trading bot is also an unquestionable requirement!


Efficient and reliable


Humans are liable to lose efficiency, productivity on tiring 24 hours hectic day. Bots are tireless and keep working on till there are no technical glitches. The crypto bots are efficient and could analyze the multiple exchange platforms within seconds. Bots could compare and notify the crypto traders about the lucrative trade deals with preferred profit rates. 


Final Standpoint!


Even though machines are human-made, they gallop human efficiency in round the clock, repetitive tasks. Arbitrage Crypto Trading Bot can be extremely efficient and beneficial for traders who are frequently investing and making money out of price hikes!

What are the different types of crypto wallets?
Multi-cryptocurrency wallet is a software that stores all your digital assets and a combination of private and public keys that makes the transactions possible. 


As cryptocurrency doesn’t exist in any physical shape they cannot be stored anywhere instead it is stored in your crypto wallet. The public key is nothing but the wallet address and the private key is your password. 


Now let’s take a look at the different types of wallets


Online wallets


As the name suggests online wallets are accessible through your web browser. it is a faster way to complete a transaction


This wallet is ideal for holding a small number of cryptocurrencies. 


Mobile wallet


Mobile wallets accessible whenever you are with your mobile device. You can accept and send payments on the go.


They are very handy, practical, and easier to use than other crypto wallets. It is encoded with additional features like QR code scanning.


Desktop wallet


Desktop wallets are considered as most secure when compared to online and mobile wallets. 


You can consider this wallet as an effective cold storage whenever you use them in offline. 


Hardware wallets 


Hardware wallets are user-friendly crypto wallets than web and desktop wallets. They are considered as most secured wallets of all.


They are great for storing a large number of crypto coins when you don’t need to move around and they offer more control. 


Paper wallets


Paper wallets are considered as one of the most hackerproof crypto wallets. These wallets are cold storage wallets


They are not stored on a computer. All the private keys are not stored on a third-party server. 


I have deliberately listed the different types of wallets in order from less secure to the safest wallets.


OK! Now, let’s see what should you do to secure your wallet:

  • Don’t store the currencies on an exchange for a longer time.
  • Allocate sufficient funds that you need to trade each time.
  • Keep your private keys safe and don’t disclose them.
  • Don’t buy hardware wallets from third-party distributors.
  • Use reliable hardware wallets with password protection.
  • Utilize hot wallets for daily transactions or trading purposes.

Blockchainfirm
 is an enterprise blockchain company providing cryptocurrency wallet development services across the globe at an affordable cost. Also, you can benefit from their dynamic multi-currency wallet development services.
Steps to be followed to choose the right Cryptocurrency Payment Gateway
An online payment gateway is a link that connects your bank account to the platform where you need to transfer your money.


Cryptocurrency payment gateway software that authorizes users to conduct an online transaction through different payment modes like credit card, debit card net banking, UPI and other online wallets


The payment gateway takes over the role of the third party that securely transfers your money from one bank to the merchant payment portal.


Now let us know the steps that need to be considered for selecting the right payment gateway for your business.


Steps to be followed to choose the right Cryptocurrency Payment gateway


Transparent fee structure


One must understand the fee structure of a service provider before signing up. There might be hidden fees associated with them. 


Some of the gateways charge fees for each transaction, and some have a monthly subscription fee for a fixed number of transactions.


It is necessary to check whether the payment gateway supports both recurring and one time payments. 


Automatic recurring billing support


If you’re giving the customer access to content through paid membership, your gateway should support automatic payment for recurring plans. It is not your customer has to revenue manually each month, which can be a bad experience.


Some gateway offers automatic retry so that users don’t have to collect all the failed payments manually. The customer subscription will not be terminated due to the payment failure but will remind in a waiting status until the payment details are updated.


Multi-currency processing


For your business, if you have customers globally, then it is necessary that a gateway provider should support the multi-currency transactions.


Your payment gateway does not have any geographical restriction and should support international shoppers to access your business or brand.


Website integration


The most important thing is integrating the payment processor with your own website and with different cards and banking services. 


You must choose a provider where your customer’s process checkout upon the gateway providers site, pay the bill, and the gateway provider sends them back to your website once the transaction is made. So it is essential to keep the integration simple.


24/7 Customer support


The Crypto payment gateway service provider must render you with excellent customer service that supports your client and work 24×7 because they are dealing with your customer’s money and your trust. 


Over to you


The payment process difficult part in your business that you can’t afford to take a hit and miss approach. We hope that with all the points mentioned above, you will identify the best one available in the market that can save your money and keep your customer happy.

Cryptocurrency Wallet Development Work flow and its advantages
The rise in the adoption of cryptocurrencies has elevated the demand for crypto wallets to enable quick, secure, and easy transactions. 


A cryptocurrency wallet is a software that stores all your private and public keys. It interacts with various blockchain network to transfer digital currencies between users and monitor their balance. If you want to use Bitcoin and other digital currencies, it is necessary that you will need to have a digital wallet.


These wallets render users to experience safe and secure transactions. The cryptocurrency wallet development services enables users to pay and receive payments, use escrow service, monitor their balance, and increase their investments using your trading platform.


The workflow of cryptocurrency wallet


Essentially a wallet is similar to your safety deposit box in which we used to store all our assets. If we lose the keys of the safety deposit box, then we end up losing the ownership of our valuable possession because they might wind up in the wrong hands. 


The cryptocurrency wallet works similarly to the safety deposit box. The only difference is instead of physical keys, users will own digital keys.


Every cryptocurrency wallet will have a private key and a public key. The public key is nothing but the address of the wallet. The private key or the master key is the password of the wallet. 


The private key takes the form of hexadecimal codes, something like “2739020jsi82920yskw”. It is generally a random mix of numbers and characters. The wiser way to safeguard your private key is by writing down or printed on a paper. 


It is essential that if you own a cryptocurrency wallet, you need to take appropriate steps to secure your private key backups. The wallet owner will need the private key to access their asset and authorize trading from their wallet. 


So it is important not to lose them or share with anyone. It is better to always keep them somewhere safe where you can retrieve when necessary. 


Advantages of cryptocurrency wallet


The cryptocurrency wallet provides more control and flexibility to hand cryptocurrencies. 

  • The transactions are secured by unique keys which are accessible by the wallet owner
  • The transaction takes place faster and cheaper
  • The operations are not under the control of any governments
  • It renders user with minimal transaction fees
  • The current decentralized currencies protected from inflation and economic crisis.

Final thoughts
We hope that this guide gives you an insight into cryptocurrency wallet development services and its benefits. So if you are planning to develop a crypto wallet, we would suggest you approach a cryptocurrency wallet development company that can generate cost-effective and multi-functional wallet software.

A brief write up on Blockchain Wallet Development
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. 

An Ultimate guide on different types of crypto trading bots
Crypto trading bots are automated computer applications that buy and sell cryptocurrencies at the correct time without human intervention. 


Their main goal is to generate as many profits for their users. They continuously monitor the market trend and act according to the set of predefined rules. 


According to user preferences, they can determine how the bot will analyze various market actions, such as volume, order, time, and price. 


Now let us discuss the different types of cryptocurrency trading bots


Types of crypto trading bots


Trend trading bot


As the name suggests, it takes a particular asset, and after analyzing the trend, it executes the buy or sells orders. 


If the market trend rises, the bot will enter a long position, and similarly, when the price falls down, it enters into a short position. 


Simply put, trend trading implies that and the asset will continue to move towards in the same direction as it’s currently moving, and the bot makes this work in their favor.


Arbitrage bots


These Arbitrage crypto trading bot are hardcoded with an arbitrage strategy. Arbitrage is defined as when you buy an asset in one market and simultaneously sell it in another market at a higher price. 


There are two ways to arbitrage cryptocurrencies. The first is finding price mismatches between different trading pairs in a single exchange. The other is by locating price differences across multiple exchanges. 


Coin lending bots


The most benefited way to earn cryptocurrency is to lend crypto coins to margin traders who will later return you the loan with percentage. 


Users can spend less time looking for the right interest rate as this bot helps you to automate the process and take advantage of possible spikes in the lending options.


Mostly these bots are free, and some of them you can find right on top of the exchanges that do margin funding.


Market maker bot


Market making boxes allow traders to buy and sell high volumes of cryptocurrencies and profit from the spread. 


The main principle behind this bot is to sell to investors at a higher value than selling price and do it often. 


It scans the digital market with widespread and does trading 24/7, thereby giving the trader an advantage of time, price, and volume. 


Summing up 


Apparently, trading bots can help traders ensure that they are always interacting with the digital market, even when they are not physically present. They remove some of the stress and emotions that are often found in any financial traders. If you are interested in owning a crypto trading bot, the wiser way would be to approach a Cryptocurrency trading bot development company that can help you overcome these obstacles.
Brief about Blockchain Wallet Development workflow and its features
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!

A short script on cryptocurrency payment gateway and its advantages
cryptocurrency payment gateway is a borderless payment network that allows a smooth transfer of digital currencies and enables merchants and uses to do transactions in Bitcoins and altcoins. 


Simply put, a payment processor that facilitates the immediate transfer of digital currencies into fiat currencies. 


The digital market has been volatile like never before. A lot of government restrictions and many transactions are susceptible to losses. The payment gateway is equipped with another software tool that allows the whole process to automatically transfer crypto coins into the wallet of a merchant. 


Now let us briefly discuss the advantages of cryptocurrency payment gateway


Top 3 advantages of cryptocurrency payment gateway


Accept digital currencies worldwide


The main advantage of the internet is that it enables companies to conduct businesses with anyone across the world. So even a third-tier business can now sell its goods and services worldwide. 


As cryptocurrency is decentralized businesses it can accept foreign currency transaction fees and exchange rates. This created a business to have a single form of currency that is accepted through the cryptocurrency payment gateway regardless of the location. 


Lower fees


In the traditional method, when a business process a credit card payment the participants involved in a particular transaction like merchant, credit card company and other intermediate charges a fee. This middleman charging fee is eliminated in cryptocurrency payment.


The payment is routed directly between the sender and receiver eliminating all the intermediates and lower the transaction fees. In cryptocurrency payments, the transaction fees usually range between 0 to 1% so it allows businesses to save significant money on their sales. 


High security and privacy


In traditional methods, credit card payments are generally targeted by hackers who can steal the customer’s personal information and assets. Crypto payments are less prone to fraudulent activity.


In crypto payment customers are not required to share any of their personal data as the payment is completely anonymous. So security breaches are less when compared to other payment methods. 


Closure


To sum up, these are some of the advantages that you can encounter when you use a cryptocurrency payment gateway. If you are looking to accept cryptocurrency as your payment method approach a cryptocurrency payment gateway provider so that you will be benefited with all these advantages!

Significant aspects to scrutinize while choosing a crypto trading bot
Crypto space is volatile, and the traders love its price plays. Every crypto trader out there tries to play a safer game in the exchange platforms. However, sometimes due to the swift price volatility, they end up in losses. The crypto markets are much more volatile! For instance, a trader can conclude a deal in the specific profit rate, but at the time of trade completion, it may be low or high from the desired profit rates. Hence, the professional crypto traders employ bots to perform their trade deals to avoid processing time, tiring analysis and stripping into volatile markets. 


Crypto traders design their strategies and approach a cryptocurrency trading bot development company to proceed with technical aspects. The traders can opt for various functionality and security features while developing a crypto trading bot with their strategies! There are in-built trading bots for portfolio management, market monitoring and much more common strategy. You can even purchase them, as there are numerous bots with better trading tricks!


In this post, let’s look at the aspects that are essential to choosing a crypto trading bot!


Significant aspects to scrutinize while choosing a crypto trading bot.


Quality


The crypto trading bots must be of high quality with 100% reliability and uptime. Crypto space concludes a deal within seconds. Hence, downtime, buffering must be strictly avoided to enhance the quality of crypto bots. The eminent team with extensive professional skills must develop the crypto trading bot so that they deliver perfect companion for your trading experience without any bugs. 


Ergonomic Functionality


It’s not that only technologists invest in crypto trading bots. The investors from any industrial space can purchase the crypto trading bot for crypto play in the market space. Hence, the trading bot you’re choosing must have the simplified, streamlined functionalities, so that everyone can utilize them for trading purposes with ease!


Security


Security is the priority while entering crypto market space. As the crypto trading bots prompt for exchange keys, they must be enabled with multiple security features. Enabling multi-factor authentication, automatic session logout, pop-up notifications on every transaction and much more can help crypto-traders escape from the prying eyes!


Proficient Functionalities


Crypto traders prefer advanced trading bots to perform their operations. Day trading, arbitrage, market making, mirroring, signal trading and much more have drastically improved on its way! The traders choose bots with stop-loss, fixed-profit, candle-stick patterns, automated signal trading features. 


Wrap up!


Crypto trading bots
 are employed to perform trading operations as the human can’t analyze multiple exchanges at seconds and conclude the trade. But, bots are masters of rapidness! Performing repetitive analysis and notifying the lucrative deals are tiring for a human to perform round the clock. Bots are invented to operate round the clock with repetitive tasks. Hence, crypto bots can shower you with work-life balance and lucrative business deals!
Brief Walkthrough on Cryptocurrency Wallet Development
A cryptocurrency wallet is a software that is a digitally secured system that stores all the public and private keys used for transactions. 


In simple terms, it is an application for sending and receiving digital currencies between blockchain network parties, carrying out crypto payments, and check the balance as well as transaction history. 


As it monitors and manages the cryptocurrency assets, it makes the whole transaction process safe and easy. 


A Custom cryptocurrency wallet development is a way of creating tailored solutions that guarantee user data security and system reliability. It is clearly designed to offer a chance to level up the digital transactions for personal use and integration it into your business setup. 


Now let’s briefly discuss the types of cryptocurrency wallets. if you are not familiar with wallets, read this. 


Five different types of crypto wallets


A Crypto wallet is simply a combination of a private key and a public address. You can categorize crypto wallets based on how and where you store them. 


Hardware wallets

  • As the name suggests, hardware wallets are built on a hardware device specifically for handling private keys and public addresses. 
  • It is like a USB device with OLED screen and side buttons to navigate the wallets’ interface and comes with its native desktop applications for different digital currencies. 
  • Most of the hardware wallets allow users to store more than 22 cryptocurrencies. The cost of this wallet is quite high but it definitely worth owning them when the safety of your cryptocurrencies is concerned. 

Paper wallets

  • A paper wallet is not for all the users because they are quite complicated, need some technical knowledge to operate them, and requires a high level of caution from the user. 
  • Typically, In the paper wallet, you just print your private keys and public address on a piece of paper and start transferring your crypto coins on it. 
  • It is considered as the best cold storage wallet as it keeps your private keys offline. These wallets render you another secure way of storing your cryptos, but not all digital currencies offer paper wallets. 

Desktop wallets

  • Desktop wallets are installable software programs that are available for most of the desktop operating systems such as Mac, Linux, Windows.
  • As it is installed in your PC that often connects to the internet, you need to follow the basic security measures by installing software like antivirus, anti-malware, and a strong firewall.

Mobile wallets

  • Mobile wallets for cryptocurrency are the most used wallets right now in the digital market. Users just need a mobile with an internet connection to perform trading. 
  • This is mainly because they are handy and also easy to use. It is compatible with both Android and iOS platforms, and for less popular ones, you can expect a decent Android version, at least. 

Web wallets

  • Web wallets are also called online wallets that are always connected to the internet and can be accessed through different internet browsers such as Firefox, Google Chrome, Internet Explorer, etc. 
  • The private keys are always stored online in these kinds of wallets in your browser itself, and in some web wallets, they are prone to security attacks. 

We have deliberately listed the different types of crypto wallets in order from safest to less secure types of wallets. 


Features of cryptocurrency wallets

  • Two-factor authentication
  • Push notification
  • QR code scanner
  • Automatic conversion rates
  • Detection of a false address
  • Paper wallet development

Closing thoughts


Now you might have known that the crypto wallets are an integral part of using digital currencies. They are one of the necessary infrastructures that make it possible to send and receive funds through blockchain networks. Each wallet has its own pros and cons, so it is crucial to understand how they worked before moving your assets. You can also approach a cryptocurrency wallet development services company for its developing services.

5 Steps to Secure Your Blockchain based Bitcoin Wallet
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.
A mini-guide about Multi Cryptocurrency Wallet Development
In recent years, blockchain technology has become the hottest topic in the digital market. Its growth attracted more and more investors to fall for it. With all this growth of cryptocurrencies and other advanced features, merchants craved for a safe and reliable wallet to store all the digital assets. 


multi-cryptocurrency wallet is a software that is used to interact and stores all the altcoins with the blockchain network. Simply said, it is a wallet that stores different kinds of digital assets. 


It is known that you cannot touch and feel the cryptocurrencies. The whole idea of crypto dies, if the crypto wallets do not exist.


Now, let us know about the different types of cryptocurrency wallets that are available in the market. Here are the most popular cryptocurrency wallets available in the market. 


Online wallet


Online wallets are the wallets that run on the cloud, and it allows access to your digital assets via the internet. These wallets are also known as a web wallet. 


Online wallets are considered as one of the least secure types of all wallet, and hence it needs an extra layer of security. 


The online wallet enables users to make quick transactions, and it is very convenient to use on the go and for active trading.


Mobile wallets


Mobile wallets are similar to your phone applications. They are very handy, and hence you can use them even in the retail stores. 


Simply install a mobile wallet app on your device and create an account. These wallets are much safer when compared to other wallets. 


These wallets are more convenient and easy to use. It allows you to receive and send payments on the go. Additional features like QR code scanning is an added advantage. 


Desktop wallet


Desktop wallets are the best choice to choose over online wallets when security is concerned. 


All you need is to download your desktop wallet application and install it on your personal computers. It also becomes an efficient cold storage wallet if the desktop has never been connected to the internet.  


It is easy and convenient for those who trade cryptos from their PC. Another benefit is your private keys are not stored on the third-party server.


Hardware wallets


Hardware wallets are considered as one of the safest crypto wallets among all. They can store all your private keys and altcoins on a hardware device.


They are considered as a great way to store large amounts of cryptocurrencies, and they need more control. 


It is very useful for users who have planned to hold the cryptos for a longer time. The wallet allows you to set up PIN code to protect your hardware device, and you can recover them as well if in case your wallet is lost. 


Paper wallets 


Paper wallets are also considered as the safest option to store all the cryptocurrencies. These wallets are just a piece of paper on which your crypto address, private and public keys are physically printed.


This wallet also turns out to be effective cold storage due to its high resistance that terminates online threats. 


The main benefit is all your private keys are not stored on the third-party server. Once the code is used for a transaction, it cannot be reused later, and hence it is considered a tamper-proof wallet.


The bottom line


As stated earlier, cryptocurrency wallets are the main reasons for using cryptocurrencies. It is important to choose a secure cryptocurrency wallet, so it’s better to approach a cryptocurrency wallet development services company who has already been an expert in this domain.
Picking the best multi-cryptocurrency wallet is now made as an easy-breezy
Are you confused about choosing the right type of crypto wallet for multi-currencies? I understand your difficulty. However, all I ask is only to trust me. I will show you how easy it is to choose one if you have certain criteria in mind. 


I will tell you the criteria and also a few other wallet types. Give this blog a complete read; you’ll get it yourself.


How to choose a multi-currency crypto wallet?


That’s a bit technical. Trust me people, but it is not going to be difficult to decipher that. It’s all because you got me guiding you. I will try my best to keep the whole thing about choosing the best Multi Cryptocurrency Wallet an easy thing to understand.


Before all that, let’s understand what a cryptocurrency wallet is and then about the multi-currency crypto wallets. A crypto wallet is a software program that interacts with the user and other multiple blockchain platforms. Besides doing this, it also stores private and public keys. Every time a person wants to send or receive money, the specific private and public keys have to match with the ones that are given. When the keys match, the transaction takes place. 


Now, coming to the two broad types of crypto wallets, you should know how each of these functions. One is the standard crypto wallet that stores only one type of cryptocurrency. The other one is a Multi Cryptocurrency Wallet. These store numerous cryptos. 


What does a crypto wallet do?

  • It lets you store your cryptos. If that is a multi-currency crypto wallet, then you can store many types of cryptos like Bitcoin, Ethereum Ripple and a lot more. 
  • It stores the private and public keys too. These are crucial to do any transaction.
  • Shows you how much of which currency is left in your wallet. 
  • Keeps updating your balance.

Breaking down the best crypto wallets in each type


Hardware wallet


In general hardware, wallets are typical flash drive-like devices. These store multiple cryptocurrencies.

  • Ledger Nano S – This is a hardware wallet that is best-suited for Ethereum transactions. This is also a Multi Cryptocurrency Wallet. It supports and stores up to 30 different cryptos.

Mobile wallets


These are standard mobile applications that can be accessed from your Android or iOS phones. However, you have to keep your phone highly secured to keep hackers at bay. 

  • Coinomi – I would say Coinomi as it stores and supports around 200 coins. Besides that a wonderful user interface and carefully planned design. 

Paper wallets


Paper wallets are literally papers with public and private keys printed on them. This is one of the best yet the toughest cold storage methods. 


Let’s glide through the benefits of cryptocurrency wallet apps!


Benefits of cryptocurrency wallet apps


Peer-to-peer transactions


Cryptocurrency wallet apps paved the way for peer-to-peer transactions with no time and money across the globe. The crypto apps ruthlessly cuts-off the intermediary charges which are taken for every transaction across the globe. Just like our well-known PayPal app, crypto wallets enable global transactions without any fees.


Private Wallet


Crypto wallets are completely owned by the user and it’s not just the word as like our mobile banking apps. Even though mobile banking apps are owned by us, the pin, password or authentication are stored in the third-party server, whereas crypto-wallets are completely owned by the user. 


Global & Secure


Crypto coins are globally accepted and there are no flip-flops in market value. When the fiat money has greater fluctuations, the user can convert them to cryptocurrencies, to make their assets secure and stable.


The user holds private and public keys to ensure the security of digital assets in the crypto wallet. In order to manage your cryptocurrencies highly secure, you can take the help of cryptocurrency wallet development services!
Challenges faced in customized cryptocurrency wallet development you must face before diving in!
Increasing popularity and demands for cryptocurrencies has also increased the utilization of cryptocurrency wallets. Even though investors and other novice traders leverage the exchange wallets to store their crypto assets, customized wallets are much safer. Professional crypto traders shower their interest in customized cryptocurrency wallet development for better trading experience. Exchange platforms and crypto market space is highly volatile. Delay in a trade transaction can swap the profit rates to a greater extent, hence concluding the deal within seconds is mandatory. So, building the crypto wallet intuitively is mandatory for traders. 


In this blog post, let’s scout around the challenges faced in the crypto wallet development process!


Challenges faced in crypto wallet development


Hectic than conventional payment systems


Conventional payment systems like credit/debit cards, bank transfers are tuned to an extensive level with years of experience. Here’s the list of some easy conventional payment processes, whereas the crypto transaction does not have. 

  • The cancellation of a transaction becomes easier and simple in conventional payment methods. A crypto transaction can’t be canceled easily. Moreover, the secret private keys lost once can never be recovered in the wallet app. 
  • The utilization of conventional payment methods is limited, and hence there is no threat of losing assets completely, whereas, in the crypto space, there is no transaction limit. 
  • The loss in conventional payment systems has the possibility of recoveries at least to a minimal amount, whereas the crypto assets once lost is lost. 
  • Conventional payment systems have prevalent fraud detection techniques for certain patterns of suspicious transactions. In crypto payment systems, even though there is community governance in prevalence, there exists fraud. As the crypto wallet, private keys are completely owned by the owners, the community does not take responsibility for the fraudulent transactions. 

Security Aspects


The Crypto wallet app stores the public and private keys to interact with the native blockchain network. The crypto owner completely holds control over the private keys and the transaction. The wallet app encrypts the private keys with cryptographic hashes, and the assets are stored securely.


While building customized wallet apps, you can enhance the security of your assets by enriching the multi-factor authentication. In crypto wallets, the private keys are generated in real-time; hence it has unique cryptographic hashing algorithms to secure your assets on the blockchain network. 


Recovery backups


If you own a reasonable amount of crypto assets in a single wallet, then storing it in hot wallets are extremely vulnerable. The crypto owners must build both hot and cold wallets to secure the assets. Minimal amounts of crypto coins required for instant transactions alone must be stored in hot wallets like mobile or web apps. The remaining bulk amount of crypto coins can be stored in cold wallets with secured offline private keys. 


Complex and extensive knowledge


The customized crypto wallet applications must be developed from scratch, and it must be packed with advanced features to enhance your secure trading experience. The complexity of the crypto wallet app has increased enormously, with intuitive UI, security features, front-end programming language, and much more. Hence, its mandate to build the crypto wallet app with an eminent team of blockchain experts. 
Wrapping up! Crypto wallet applications must be secure, intuitive, and ergonomic for better and swift trading experience. You must choose the cryptocurrency wallet development services wisely to build the application! You can consult our team to get your quote on crypto wallet development!
The pro side of multi-cryptocurrency payment gateway
Multi- cryptocurrency payment gateway


As the name suggests, a multi-cryptocurrency payment gateway is a decentralized payment platform that enables users to send and receive payments in one or more cryptocurrencies. 


The ultimate goal is to create a platform that enhances the payment process by eliminating the intermediates and also intended to increase the regular use of digital assets on a daily basis. 


By using blockchain as a base foundation, the payments are highly encrypted, and hence it provides more secure online payments than the traditional methods. It also enables global transactions with multi cryptocurrencies between suppliers, businesses, distributors, and customers at a fraction of cost. 


The common idea behind the blockchain ecosystem is smart contracts. It is basically a self-executing contract with the terms of the agreement between the buyer and seller, which has been written in lines of code. It is used to negotiate and close payment agreements between transaction parties. 


What makes a multi-cryptocurrency payment gateway different from the conventional payment gateway? 


When it comes to international transactions, the traditional payments often come with high risk and restrictions.


In a decentralized payment gateway, it accepts more than 500 different kinds of cryptocurrencies. The decentralized nature also means that the payments are much safer and less vulnerable to fraudulent activities. 


In crypto payment gateway, there is no human element involved, and it reduces fraud as well as human mistakes. Once the transaction is recorded and confirmed on the blockchain, it is impossible to alter or edit. 


This payment gateway enables you to perform cross-border payments, and there are no more frozen accounts or no more limitations due to your geographical locations. 


Benefits of crypto payment gateway


The main agenda of a crypto payment gateway is to provide users with high security, convenience, speed, and cost-saving payment methods. This decentralized system gives users complete freedom over when, where, and how to conduct their payments. The purpose of multi-cryptocurrency payment is to provide users a convenient payment method and creates a standardized network that can be used by different users worldwide without the need for separate applications. 


In addition, automated smart contracts improve transaction speed. A crypto payment gateway enables transactions between parties from anywhere around the world, and it takes the completion time of 15 to 20 seconds. This benefit made the traditional online payment a downfall, which can normally take up to 3 days. 


The self-execution of smart contracts have also shown a significant impact on transaction cost. The involvement of intermediates, like banks and other governing bodies, can cause transaction costs to stack up by charging higher transfer fees and involving unnecessary third parties to the transaction process. This involvement is terminated while using a cryptocurrency payment gateway that simply utilizes the smart contracts and therefore eliminates the middleman, reducing the transaction fee to the absolute minimum. 


Closure


Finally, these are the reasons why the crypto payment gateway is extremely convenient. Making your own crypto payment gateway from scratch is not easy. Instead, you can deploy from a Crypto payment gateway development company and save you from a ton of mundane work. Let’s start working on your crypto payment web application immediately.

Know the Benefits of Customized Cryptocurrency Wallets
The increase in the adoption of cryptocurrencies has elevated the demand for crypto wallets that enable a quick, secure, and easy transaction for the crypto users. 


Businesses or individuals that capitalize on the opportunity of a secure and user-friendly wallet are more likely to gain competitive edges and acquire more users. 


Multi cryptocurrency wallet is nothing but a software code that is aligned together to store and maintain all the digital assets. These wallets can be customized using different formats based on the needs and preferences of your business.


It works on the concept of decentralized blockchain and makes things ergonomic for users at every level. All the organizations get private or public keys based on the requirement. If usage increases, demand gets sorted and the crypto wallets are maintained easily. This makes the whole operation very easy and helps you to lead your business seamlessly.


Although there are various types of wallets available in the market, many crypto users prefer to choose a customized cryptocurrency wallet. Before developing your own customized wallet, one should know in detail about the wallet and its beneficial features. You can build your own crypto wallet with your desired customization from cryptocurrency wallet development companies that have expertise in their domain. 


Now, let’s get to know about the benefits of customized cryptocurrency wallets.


Simple and convenient

  • To encounter simple and easy access for your cryptocurrencies, the wallet provides shortcuts to perform all the transactions together in a very convenient and easy way. This wallet also helps you to manage and control multiple cryptocurrencies very easily based on your priority. 
  • The wallet customization makes you stand out among all other traders. This makes the users more attentive and helps in utilizing your own customize cryptocurrencies rapidly in exchanges. It simply attracts users by providing a real-time price volatility chart that shows different colors based on their demands. Thus, it increases user satisfaction and user-friendly access to the platform, which leads you to acquire more new users to join in. 

Abiding solutions

  • Over the past few years, cryptocurrencies have taken a huge part almost all around the world. Customizing your own crypto wallet requires a lot of discovery and innovations to go high in order to cross various stages of development. 
  • With such type of crypto wallet development, you can build a reliable crypto wallet with a trusted payment method that brings a long-term solution for both investment and expenditure for accepting worldwide transactions. 

Effortless conversion

  • The value of currency varies from place to place. To avoid problems like conversion and mental calculation, cryptocurrency helps you to make a payment without any hassles. This feature helps the users to perform seamless transactions in sending and receiving cryptos at various stages.
  • In addition to this, there is no need to pay any fee for trading and exchanges are easier and affordable. It simply reduces time, saves money, and calculation that helps to focus more on trading. 

Final thoughts


As discussed above, cryptocurrency wallets have various benefits for crypto users to perform easy and secure trading. If you have an idea to own your crypto wallet, then it is advisable to approach a leading cryptocurrency wallet development Services Company who can deliver you customized crypto wallet solutions!

Things you must never miss before cryptocurrency trading bots development-Know how it works!
Cryptocurrencies are highly volatile, and the market fluctuates every second in every exchange platform. The volatility paves the way for lucrative trade deals in the crypto world, but still, coping with the swiftness of price fluctuations becomes tedious for human beings. Moreover, understanding the crypto market requires hours of dedicated research and scrutinizing tasks, which is hectic for other professionals and investors. 

The traders must act rapidly with accuracy, reliability, and efficiency to win lucrative deals in the crypto world. Bots can efficiently assist the traders at least to monitor the market volatility and notify the winning deals. Now, let’s scrutinize the things about cryptocurrency trading bots, its types, and workflow!


What are cryptocurrency trading bots?


Cryptocurrency trading bots are computer protocols integrated with user’s exchange accounts to perform and monitor trade deals. The bots can compare across the exchange platforms and notify the traders about lucrative trade deals with signals. The implementation of bots requires high power computing systems. 

Now, let’s look into its types.

Types of crypto trading bots

Distinct types of crypto trading bots include arbitrage, market mirroring, automated signal processing, portfolio management, and much more. Depending on the desired trading strategy, the trader can purchase or develop the customized crypto trading bots. 

Arbitrage bots are the most popular type of crypto trading bots. Arbitrage Crypto trading bots monitor the price fluctuations across the exchange platforms and leverage the price volatility with trade deals. Bots can swiftly conclude the lucrative trade deals across exchanges within seconds efficiently and reliably. Traders can also personalize the bots to notify the winning deals through automated signals. 

Have the quest to know the workflow of bots? Here’s it!

How do crypto trading bots work?

Free crypto trading bots are available in the market space, but you must be careful enough with the security aspects. All you have to do is integrating your exchange account with the crypto trading bots to assist you!

The cryptocurrency trading bots prompts for authorization of exchange account information through API keys. Every crypto exchange wallet comprises of API public and API private keys. If the bot enters the exchange account with these two keys, the exchange allows the bot to perform trades and access account information. 

Conclusion

Instead of monitoring the exchange market round the clock, you can consider the customized cryptocurrency trading bots development to scout around the price volatility of exchanges and conclude trades. Bots can efficiently monitor the price volatility across exchanges and conclude the trades within minutes. For customized crypto trading bots development, do ping us!
What is a wallet when referring to cryptocurrency?
So typically, a wallet is a place to store all your currency assets. Similarly, when it is referenced to the cryptocurrency world, the term wallet is treated as the same.


There are various kinds of cryptocurrencies, namely Bitcoin, Litecoin, Etherium, Ripple, Bitcoin Cash, Zcash, etc.. so to store all these digital currencies, a Ready made multi-cryptocurrency wallet has to be used.


This wallet possesses the potential to build up high security and shatter all the fraudulent activity that occurs in your payment gateway.


Benefits of multi-cryptocurrency wallet.

  1. The main beneficial thing is that you need not have to keep many wallets to store different types of crypto coins. Instead, you can save all your coins in one wallet
  2. It is easily accessible and is also available in all the platforms, which makes accessibility better than ever.
  3. It does not connect with third party servers and provides a robust environment for saving cryptos.
  4. It is unhackable because it provides you two-factor authentication.

Where can you get a crypto wallet?

Apparently, everyone who is into this crypto world must use a crypto wallet to safeguard their crypto coins and assets. So having that in mind, choose wiser buy selecting the company who can provide you the best multi-cryptocurrency wallet

7 Ultimate methods to protect a cryptocurrency wallets
Cryptocurrency wallets


A cryptocurrency wallet is a software that allows users to send and receive cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, etc. It simply stores all the records of transactions and also the private and public key, which is used to perform transactions. 


Basically, a public key is similar to an account number. For instance, if person A wants to receive money from person B, then A sends the public key address to B. The private key is similar to an account password and so only account holders know the private key. 


In today’s world, there are quite a lot of cryptocurrency exchanges available in the digital market. There is one major backlog feature that’s been faced commonly by all cryptocurrencies exchanges. It is the constant hacking in the crypto sector that has to be taken into consideration. 


To safeguard your crypto coins, you must need to protect your cryptocurrency wallet from the fraudulent activities. Let’s know about some of the methods that have been followed to secure your cryptocurrency wallet. 

7 Ultimate methods to protect a cryptocurrency wallets

  • Before working on cryptocurrencies, the main agenda would be choosing the best cryptocurrency wallet development from a well-known source. It is totally the user’s responsibility to do research about the wallet, read its review, and find out if it is reliable or not.
  • The wiser option would be selecting a cold storage wallet instead of online or hot wallets. The cold storage wallets like hardware wallets can help you to keep your private keys safe and secure without the involvement of a third party.
  • Your password should be ultimately strong like it has to contain a maximum of 8 characters, including (special characters, numbers, uppercase, lowercase,), and that forms a strong password. If there is any loss or theft of a password, make sure you find a recovery option.
  • To have an extra layer of security, two-factor authentication is recommended. If you use an online wallet, then two-factor authentication is necessary, and almost all the online wallets provide a dual layer of security, and you can use them to safeguard your wallet and cryptos as well.
  • In the initial stage of developing a wallet, you have a set of private keys. You must back up all your private keys, and that may help you if you lose your keys. 
  • If you are using a computer device, then you must have installed the best antivirus software because hackers use virus and malware software to access your device and could hack your wallet.
  • Always have a backup for your White label multi cryptocurrency wallet. If in case you lose or your device failed, your backup will allow you to access your wallet and through this way, you can backup all your files and move funds to another secure wallet whatever you need.

Conclusion


These are some methods to protect your cryptocurrency wallet from fraudulent activities. As said earlier, choosing wallet types plays an important role, so always be wiser by selecting cold storage wallets instead of hot storage online wallets and avoid third party involvement. By addressing all these methods, you can safeguard your crypto wallet and take full control over private keys that can lead you to attend huge profits!

Process of Cryptocurrency Wallet Development & its types
Even though its hard corona time that hinders your progress, you can break the walls by diving into the crypto space! 


Cryptocurrency Wallet is the undeniable application you must utilize every day when you are into the crypto world. Either you hold small amounts of ETH, BTC, LTH, or custom cryptocurrency, you need a crypto wallet to store and perform transactions with your digital assets. Professionals seek advice from experts on cryptocurrency wallet development services with customized features than utilizing pre-built software. Customized crypto wallets are believed to be safer than exchange or any third-party hosted wallets!


Now, in this blog, let’s grab knowledge on the cryptocurrency wallet and its types! You can kick-start with the favorite choice of the crypto wallet!What is a cryptocurrency wallet?


A cryptocurrency wallet is a software application that helps users to store, send, receive, or monitor the crypto transactions. The wallet users are provided with two significant keys: Public and Private Keys. Users are prompted for private keys to authorize the crypto wallet and perform transactions. Hence, it’s solely crypto wallet user’s responsibility to maintain their private keys safe and secure. I.e., Just like your credit or debit card PINs!


You may wonder where these cryptocurrencies are stored and how the transactions process at the backend! Here’s how cryptocurrency wallet works!


How does a Cryptocurrency wallet work?


Crypto wallets possess public and private keys. No one can view or steal the cryptocurrencies from your wallet until they have access to your crypto application. 


When the cryptocurrency is transferred from your wallet, you’re officially signing off the ownership of coins to the receiver’s public address of the wallet. The receiver can access the transferred crypto coins by authorizing the private keys that match the public address of the currency stored in the blockchain network. In general, every cryptocurrency transaction is stored in the blockchain network, just the ownership transfer of coins take place virtually. 


You can now explore the types of cryptocurrency wallets that are available in the market!


Types of cryptocurrency wallets


Cryptocurrency wallets are majorly categorized into three types.

  1. Software Wallets,
  2. Hardware Wallets,
  3. Paper Wallets.

Software wallets are sub-categorized as desktop, mobile, and web wallets. Here you go with the brief onsets of crypto wallet types!


Software Wallets


Desktop Wallet


The desktop wallet provides immense security than other software crypto wallets. The cryptocurrency wallet application of desktop type can be installed and authorized only through a PC or laptop. Desktop wallets are considered as a kind of cold storage that secures your crypto assets from potential hacks. You can access the cryptocurrencies in the desktop wallet through internet connection whenever necessary, and for the rest of the period, it can be safeguarded from prying eyes. 


However, you need to have a backup plan for desktop wallets as they are vulnerable to virus attacks, electrical short circuits, and other natural calamities. 


Web Wallets


The web wallet applications are accessible from anywhere on any device with your public and private keys. Exchange wallets are web crypto wallets that store user’s private keys on a hosting server. However, when you’re picking up the exchange wallets, you’re vulnerable to hacks. 


Mobile Wallets


Mobile crypto wallets are the most prominent type that is served on the crypto space. Crypto owners hold a minimum of their crypto coins in mobile wallets for easy accessibility and transfers of assets. They have the feature of a QR scan and pay for purchasing products from shops, e-commerce sites, and other places. Even though mobile wallets are considered vulnerable, crypto owners store a small number of distinct crypto coins for quick transactions and the rest of their digital assets in cold storage. 


Hardware Wallets


Hardware wallets work differently from software crypto wallets. The user’s private keys are stored in the hardware devices securely without any vulnerabilities. The user connects their hardware wallet with internet-connected devices to authorize and perform transactions in their wallet. These kinds of crypto wallets store the coins in offline mode, making it free from prying eyes. 


Paper Wallets


Paper cryptocurrency wallets are physical prints of public and private keys of wallet. A paper wallet generates a pair of keys that help to access your crypto coins. However, to create a paper wallet, you must authorize a software wallet and transfer the control to the paper type by entering the public address provided. For the withdrawal of crypto assets, you must perform the operations vice versa. I.e., Paper wallet to software wallet. 


The process of withdrawal of crypto coins from the paper wallets is addressed as sweeping and is processed by scanning the QR Code or authorizing it through private keys. 


Final Thoughts


You would have selected the cryptocurrency wallet of your choice by now! 


A pro tip for you: Always pick a software wallet and a cold storage wallet. Hold a minimal number of crypto coins in the software wallet and the rest in cold storage. Software wallets help you with easy accessibility, whereas cold wallets serve you with immense security!
You are just loaded with the onset of the cryptocurrency wallet. To know more about the mandate and advanced features of the Multi Cryptocurrency wallet, do stick with us!

Mystery behind Fluctuation of Cryptocurrency Wallet address!
Kick-starting with the crypto space can be tiring with a lot of technical aspects. Bitcoin was the first-ever cryptocurrency that has been invented for public use. The cryptocurrencies and underlying blockchain can be hard to understand for common people who are technically inclined. With modernized apps diving into our real-life, the cryptocurrencies can be reliable payment methods for every people. 


The crypto wallet development services pack the applications with advanced features that can enhance the trading experience of crypto investors. In this blog, let’s excavate the secret behind the fluctuation of cryptocurrency wallet address!


Why cryptocurrency wallet address fluctuates after every transaction?


Once you initiate a crypto transaction from your wallet, the specified amount of crypto coins are legally signed-off to the recipient’s wallet address in the blockchain network. The remaining crypto coins in the sender’s wallet address are transferred to the new “change” address associated with the same wallet. The blockchain network peers verify and approve the transfer of ownership. Once the crypto coins are transferred to the recipient address, and the transaction is confirmed, the sender’s wallet address is modified to the “change” address. The change address of the sender’s crypto wallet comes into place only when the transaction is confirmed by the miner nodes of the blockchain network; otherwise, the wallet address is reverted.


Does the wallet address fluctuate for every cryptocurrency?


Bitcoin and Bitcoin Cash wallets fluctuate their public address for every transaction, whereas Ethereum and other wallets don’t. However, many crypto investors own customized multi-cryptocurrency wallet with advanced features. You can opt for the blockchain wallet development company to add-on the change wallet address feature after every crypto transaction performed with customized application. The change address feature can be an extra layer of protection to escape from the prying eyes. 


The sender’s wallet address which was prevailing before change address remains associated with the wallet. They can be utilized for receiving funds, but sticking with real-time crypto wallet address is a safer choice!


Wrap-up!


Maintaining the crypto assets securely in the wallet becomes challenging in this digital era. The crypto coins are virtual assets and can never be seen anywhere other than your wallets. Hence, hold a personalized multi-cryptocurrency wallet with the preferable coins, advanced security and trading features!
Do e-commerce platforms need crypto payment gateway integration for next-gen business?
The e-commerce industry is an extensive sector that is connected across the globe. Manufacturers from distinct parts of the world supply products to consumers spread across other localities. Intermediaries involving in e-commerce payment gateway earn huge transaction fees for every transaction and operation performed. Crypto payment gateway benefits are huge that e-commerce owners can ruthlessly cut-off intermediary charges and transaction fees.


Giant e-commerce brands like Amazon, Walmart, and much more have integrated crypto payment gateways to their process. Let me provide the brief advantages of accepting crypto payments in the e-commerce industry! 


Devoid of cross-border restrictions


Fiat currency value differs in every federation, and hence consumers can suffer hindrances in payment methods. Also, manufacturers and e-commerce platform owners find it hectic to transfer currencies to the native value. Hence, accepting crypto payments for products in the e-commerce industry can be a hassle-free task for the entire community wheel. 


P2P Transactions


Intermediaries and central authorities earn millions of transaction charges every day in fiat payment gateways. Crypto transactions are devoid of intermediaries, and the peers can transfer crypto-assets across any part of the world without any third-parties. Crypto payment acceptance in the e-commerce sector can immensely reduce intercharges paid to the central authorities. 


Devoid of governance


Crypto transactions are logged in the blockchain ledger. Miner nodes verify and approve legitimate crypto transactions. Payee, receiver wallet address is verified, and the source of crypto coin is tracked back for the approval process. Hence, no single person or authority takes ownership of the crypto payments, thereby avoiding scammers. 


Secure Transactions


In fiat transactions, the withdrawal process is tedious for e-commerce industries involving wholesome money. The crypto transactions can be performed only by accessing the wallets. The wallet prompts for secured private keys to authorize and process the crypto coins. Hence, the crypto owners and merchants can securely withdraw their assets whenever required.


Rapid Process


Fiat transfers take 5-15 business days for overseas transactions, whereas the crypto coins are transferred within minutes. The crypto space is devoid of intermediaries, and transactions are approved by a group of miner nodes across the network. Hence, the crypto payments are rapid and take negotiable processing time even for cross-border transactions. 


Final Verdict


With the aforementioned Advantages of crypto payment gateways, e-commerce industries can upgrade their profit rates to a greater extent. Sure, every small and medium scale e-commerce industry would integrate crypto payment gateways in the near future!
A brief note about cryptocurrency wallet, types, and its services
A cryptocurrency wallet is a software that stores all your private and public keys and interacts with various blockchain networks for transactions. 


It simply enables users to send and receive digital currencies and also helps users to monitor and manage your crypto assets. This makes the transaction process safe, secure, and easy.


It can be designed by adding many features and innovative technologies that offer a chance to level up transaction methods for both personal and business use. 


It is obvious that an exchange website will mandatorily have a cryptocurrency wallet development that helps to run a successful exchange. Now, let’s know a detailed gyan about the wallet types and their services.


Online wallets

  • An online wallet is one type of crypto wallet that can be accessed through your web browser. It is more convenient for users to access them easily from anywhere with an internet connection. 
  • It provides users the fastest method of performing transactions, and it is more useful for small amounts of cryptocurrency. 

Mobile wallets

  • As the name implies, these wallets run on an app that is installed on your mobile. They are very comfortable to use anywhere, including retail stores. 
  • This wallet is smaller and simpler than other wallets and has features like QR code, dual-layer of security, and much more. 

Desktop wallets

  • Users can just download and install the wallet on your laptop or personal computers. It can also be used completely offline, so it is considered as an effective cold storage method. 
  • They are more secure compared to online wallets and mobile wallets.

Hardware wallet

  • This wallet performs transactions online and stores all the cryptocurrencies offline, hence it possesses high security. 
  • Users can simply plug in the device into any computer which has the internet and enters the PIN. It is ready for performing the transaction.

Paper wallet

  • Paper wallets are tough for accessibility, but they provide a high level of security. Users can transfer coins to the wallet by a public address and can withdraw currency by entering a private key. 
  • It is considered one of the most hackerproof crypto wallets of all. 

Multi cryptocurrency wallet

  • multi-cryptocurrency wallet or universal cryptocurrency wallet supports transactions and storage of more than one cryptocurrency.
  • It is highly beneficial because users don’t need to keep many wallets to store different types of cryptos. 

Wrapping up 


With the revolutionary blockchain,  its cryptocurrency has its own ledger with records of all the transactions held in terms of cryptography. The cryptocurrency wallet tool will keep all the records and also remove the possibility of fraud in the crypto network. You can also seek consultation from a cryptocurrency wallet development company for building customized one!
What Is The Blockchain Wallet? Complete Pierce Through The Workflow and features
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!

Cryptocurrency Trading Bot And its Trading Strategy

What Is Cryptocurrency Trading Bot?



A CRYPTO TRADING BOT is a computer protocol that is automated to trade crypto coins in the platforms on behalf of humans.

Every bot has its unique trading strategy, and the crypto trader can decide to build their bot with customized strategies. It’s not mandatory that every crypto bot must be used for trading purposes, some may be utilized for monitoring the crypto market volatility too!


The crypto trading bots can compare price volatility of multiple coins across multiple exchange platforms within seconds and conclude the profitable deals for you. The aspiring feature of crypto trading bot is that it can increase your crypto assets with multiple small trades. It can be tiring for the human mind to compare price volatility and conclude trade for just small differences, but crypto trading bots can be customized as masters of small profit trade deals! The small profit rates may seem tiring, but the cryptocurrency trading bots development with these strategies can earn a heap of crypto assets in your wallet over time!


What Is All About Grid Trading Strategy?


Grid trading strategy is executed when there is the desired degree of price volatility in the specified crypto coin pairs. The crypto trader can set the desired profit and loss rates in the bot and automate the trading process with a grid trading strategy. The grid trading strategy works efficiently in the crypto markets that are stable to an extent and fails when there are extreme fluctuations. The crypto traders can set their monitoring bots to notify the extreme price volatilities and could stop the grid trading bot to prevent losses. 


The crypto traders must set their profit rates and stop-loss in grid bots by taking the transaction fee into account. The transaction charges must not suck your profit rates completely; it must be negotiable! A penny earned today would be a big residue in your wallet in one or the other day!


The customized cryptocurrency trading bot strategies can help you conclude lucrative trade deals throughout the day, and you can maintain immense liquidity in your crypto portfolio!

A crisp knowledge about the top 3 cryptocurrency payment gateway
A cryptocurrency payment gateway is a channel that allows traders to accept cryptocurrencies as a mode of payment. This payment gateway simply allows users to buy or sell goods and services across the globe with crypto payments.


Merchants can terminate the barriers that are associated with traditional payment methods such as high fees, identification procedures, and delays. 


This payment gateway helps merchants to perform transactions with cryptocurrencies and also supports the exchange of crypto coins into fiat currencies. 


Here are some of the best cryptocurrency payment gateway solution providers who can help to lift up your business.


Coinbase

  • Coinbase is one of the most popular crypto payment gateways for business transactions. The main feature is that they immediately convert crypto coins into fiat and avoid price volatility.
  • Coinbase exchange platform renders you to perform a fast transaction, and the transaction fees are minimal.
  • This payment gateway offers a variety of options for both offline and online businesses to start accepting cryptocurrencies as a payment method.

B2Bin Pay 

  • B2Bin pay enables global transactions between various parties who want to send, receive, store, exchange, and accept cryptocurrency as a payment.
  • This payment gateway possesses a high degree of automation, and the transaction speed takes place in about 20seconds. This helps users to make transactions quick when compared to other payment gateways.
  • As it is a global crypto payment solution, it supports 800 crypto coins and tokens and provides you with 24/ 7 customer care in 6 different languages.

CoinsBank

  • Coinsbank is a blockchain payment gateway that is synchronized with your debit card with just your fingerprint. 
  • Coinsbank is an open-source application that can support different platforms like Android and iOS.
  • It provides users with instant deposit and withdrawal methods along with high security by activating duo authentication. 

Final verdict


The fame of crypto coins is increasing day by day. Many countries have started to deploy this payment method as mainstream and also approving it as a legal mode of payment. Choose the best cryptocurrency payment gateway provider for your business, which can help you outrank your competitors!

Multi-Cryptocurrency Wallet and its perquisites
Technologists aim at leveraging blockchain technology to revolutionize fields like finance, health, data storage, supply chain, logistics, and much more. 


Already there are many cryptocurrencies that exist in the market. Each and every cryptocurrency has different functionalities. To store all your different crypto coins, an efficient wallet is needed. So, the multi-cryptocurrency wallet came into existence.


Simply put, a Ready made multi-cryptocurrency wallet is one that supports more than one cryptocurrency. It is beneficial because you can store all your altcoins in a single wallet and thereby eliminating hassles in maintaining multiple wallets to store your different crypto coins.


Why do we need a multi-cryptocurrency wallet


Today, there are hundreds of crypto coins available in the digital market. It is obvious that you cannot depend on a wallet that supports only a single crypto coin like Bitcoin or ethereum.


As you know that the cryptocurrencies are growing along with the technology, you need to understand that crypto traders will have to deal with multiple coins to perform trading. If you are trading with different cryptocurrencies, then you need a multi-cryptocurrency wallet.  


Owning many wallets to store your digital currency is not safer, so sticking to one wallet which supports all altcoins would be a wiser idea for the traders.


Benefits of multi-cryptocurrency wallet 

  • This wallet enhances your trading capacity by allowing you to store different coins and keep track of your transaction with high security. 
  • They are encoded with the set of predefined algorithms that render users with the feature of keeping you always trade ready. 
  • In recent years cryptocurrency also paved its path to eCommerce, travel, and retail businesses, so a multi-crypto wallet will be essential for all the crypto users. 
  • In terms of security, a multi-cryptocurrency wallet is equipped with better operations by providing more speed and security. It renders you with duo-authentication like a one-time passcode, alerts message, pushes notification whenever the user’s sign-in, or makes any transaction. 

Final insights 


This particular application will surely help you to hit huge turnovers along with security in the cryptocurrency market. Approach the best Cryptocurrency Wallet Development company who can develop your own customized wallet so that you can trade in a secure way!
Types Of Blockchain Wallet
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 internet are 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!

Cryptocurrency Trading Bot - Ultimate Guide for Beginners
Before getting into it, let’s know about cryptourrency trading bots . It is an automated computer program that buys and sells cryptocurrencies at the appropriate time of trading without any manual intervention. It also continuously monitors the market situation and acts according to the set of predefined rules which are encoded in it. 


As said earlier, trading cryptocurrency is not easy. Unlike the traditional stock market, cryptocurrency markets don’t close, and this creates a very stressful situation for both casual investors and seasoned traders in the market. 


There is a lot of chance of making mistakes while trading, and that may result in the loss of all your investments. So it is essential to have a checklist before using the crypto trading bots. 


Let’s dive in to know about the ultimate checklist for using crypto trading bots for beginners. 


Know the terms and conditions. 


Every software has its own terms and conditions, and so does the crypto trading bots. You should be aware of the terms and conditions and also must follow instructions that have been provided to have smooth trading experience.  


Secure your password 


The password of your trading platform and wallet must be kept secure. Your trading account, bitcoins, and profits depend on a password, so it is necessary to have a strong password. Remember, if you lose your password, then everything will be lost and becomes difficult to recover. 


Secure your device 


Secure your device, if in case you are updating a new device for performing trading; otherwise, you may risk exposing software and will lose the data which was stored previously. Install antivirus software to your device as it can prevent your device from malware attacks. 


Remove your crypto coins when not active in trading.


As you may know, there is always a possibility of an attack on your cryptocurrencies. This may lead to a loss on your investments. Crypto trading is always susceptible to colluding attacks, and so it is not advisable to keep your cryptos on your exchange for a long time. The wiser way would be storing them in a wallet, preferably cold wallet.


Analyze market trends 


Before using crypto trading bots, analyze the market trends because relying on software is not enough. you will need to find the strong trend and trade according to the trend’s direction which leads to profitability.


Split your investment


Crypto trading is volatile, and it is not safe for investing all your crypto coins, so it is advisable to split your investment which prevents huge losses. 


Keep a journal


It’s a good sign in crypto trading, keeping track of all your trading signals and opportunities that can help to attain a huge profit. Keeping a journal can also help you keep track of so many things and make your trading worthwhile. 


Summing up 


Crypto trading is full of surprises; you can experience both pleasant and painful. Before choosing a ARBITRAGE CRYPTO TRADING BOT, every investor should scrutinize each program they intend to use. Keeping all this point in mind, use crypto trading bots in an effective way and make a huge profit! 

Cryptocurrency Trading Bot for Exchange platforms
CRYPTOCURRENCY TRADING BOT-WHAT IS IT?


Cryptocurrency, the most used word by people all over the world over the past few months. Cryptocurrency mania is happening everywhere and one-third of the world’s population is aware of the Cryptocurrency market including the terms Bitcoinethereum, litecoin, and more. A user can exchange money depending either on RSI/OBV strategies or just intuition in cryptocurrency trading platforms. To make the aforementioned process hassle-free, trading bots provide better solutions.


TRADING MADE EASY WITH TRADING BOTS


Imagine spending a whole day sitting in front of your computer and going through the stats of the crypto market, the flowcharts, etc., and even after doing so, you could not trade your currency in the exact slot. Moreover, one has to spend hours or even days to analyze the results. A difficult thing, isn’t it? Trading bots play an important part in building cryptocurrency exchange platforms. Liquidity is the vital factor considered while developing a crypto exchange.


CES’s APPLICATION PROGRAM INTERFACE


The crypto exchange service providers have two Application Program Interfaces – public and private APIs; each has different levels of access. In the first one, data about the crypto market is listed out in terms of volume of trades, current exchange rate, and changes in the rate over a certain period. The private API is unique. The users can access their wallets directly and create orders to trade currencies.


HOW TRADING BOTS WORK


The statement mentioned above forms the principle for developing the Cryptocurrencies trading bots. They have full access to the crypto exchange’s account and on the basis of preset rules and trading strategies, they make transactions happen. Therefore, the one who owns the bot can automate the process of trading currencies in practically unlimited quantities. The trading bot’s connection is set in a two-way manner and it makes use of a programming language, say .NET or PHP, to create its own end users.


AUTOMATED TRADING


Even a 5-minute delay in the currency exchange process can be very devastating, resulting in a huge loss. Timely purchase and sale of a currency is the basis of trading and it is the ultimate aim of automated trading bots. The trading bots work on the preset values and so there is no chance of missing a trade.


WHAT WE DO


Blockchain Firm is one of the leading firms in providing Ready made cryptocurrency trading bots to clients, making their trading process quicker and simpler. We designed a bot to be user-friendly, affordable, highly secure, and easy to access. When you realize that you cannot spend days or weeks descending into the digital world of currencies, our automated trading bot is the best option. The clients can use the bot for personal needs as well as the trading process.

Quick insights about the custodial and non-custodial Crypto wallets
To begin with, a cryptocurrency wallet is a software function that allows users to acquire, audit, and transfer digital currencies.


Due to the growth and increase in the use of digital currencies, life-saving Cryptocurrency wallet development has hit the world with a significant role that helps to safeguard and monitor the cryptocurrencies. 


Once the cryptocurrency is transferred to the wallet, it means the ownership of the currency is signed off to a dedicated wallet address. 


Now let’s discuss how to choose the right custodial or non-custodial crypto wallets. 


Custodial wallets


Basically, in a custodial wallet, the private key is held by the third party. This gives complete control over all your cryptocurrencies to the third party, but whereas the users can only authorize them. 


In a custodial wallet, a third party has the authority to manage all the funds while the users cannot perform any transaction without their intervention. 


Perks of custodial wallet

  • In a custodial wallet, the customer need not  have to pay for the transaction fee as it is free within the network. 
  • As said earlier, if there is any loss of private keys or if the user forgets the password, it is quite easy to retrieve because the third party manages the wallet.

Drawbacks of custodial wallet

  • The main drawback of the custodial wallet is the third party is controlling all your fund management, associate process, including freezing the amount.
  • Access to user funds can be a loss or theft, and this might raise any hacking or encounter any security breach. 

Non-custodial wallets


Unlike custodial wallets, the non-custodial wallets are typically a blockchain-based cryptocurrency wallet that allows users to be their own control.


It offers users with two types of private keys to perform transaction mnemonic seed and raw private key.


The mnemonic seed is a real private key that consists of 12 to 24 word bit values stored on computers and gives simultaneous access to multiple accounts.


A raw private key is a real-free form of a private key that is also stored in computers.


Perks of non-custodial wallets

  • The main advantage of non-custodial wallets is that they provide individual access to the users on their funds. Basically, they do not have to look up for any third party  to manage their funds. 
  • There is a low risk of a data breach as the details are associated with the user crypto wallet, and the funds are totally relying on the user.

Drawbacks of non-custodial wallets

  • Since the wallet is not managed by any third party, if there is a chance of losing the private key or mnemonic seed, then it’s difficult to retrieve them.
  • Losing your private key can help hackers to access your wallet, so users must safeguard their key. 

Wrapping up


Taking the thought forward, these wallets offer ample opportunities for a better future in the digital market. It is wiser in planning or choosing your cryptocurrency wallet or multi-cryptocurrency wallet from the best blockchain experts.

Best Features of Multi-Cryptocurrency Wallet Software
White label Multi–cryptocurrency wallet allows a user to buy and sell multiple cryptocurrencies. Blockchain Firm provides a feature-packed wallet that can be customized as per the user requirements.

2-Factor Authentication


2FA is the most eminent verification method for ensuring the authenticity of the user. We embed 2FA in all the software that we build. We integrate this feature in our crypto wallet to ensure security and deliver the most effective results. Google 2-Factor Authentication protects the wallet against hackers & third-parties in all possible situations.


Paper Wallet is the Best Type


Paper wallets are just printed pieces of paper that contain the public and private keys. A paper wallet goes handy, and it is useful when you want to store the details safer. Also, there will not be any footprints of your information on the internet. With this exciting feature, it is effortless for the token holders to secure their keys. It offers them a foolproof solution when it comes to safeguarding assets.


Conversion Rates


When you are an active trader and engaged in daily trading, you must be aware of the conversion rates. Once you are familiar with the prices, then you can plan the buying and selling of different coins and make the trading profitable. This particular function makes a cut in the long list of features we provide. Our prime motto is to provide users with seamless trading sessions.


Frequent Addresses


To offer a smooth & quick login, we make the setup more intuitive. When you click on an empty field or type a letter, the system suggests the frequently used addresses automatically. Therefore, whenever you want to log in again, you don’t have to enter the complete username. This makes the whole application more comfortable to use and saves your precious time.


QR Code Scanner


This unique functionality enhances security. You are completely safe while transacting your crypto assets because the transactions are contactless. You don’t need to use the credentials to execute the crypto transactions; they can be carried out by merely scanning the QR code. You might have come across this feature in various POS terminals. It is useful for fiat as well as crypto-based transactions.


Notification Panel


Every time a transaction takes place, the application notifies the status of the transaction in the Notification panel. It is a handy feature for you to share the application and its credentials with your friends or relatives. You will be notified the moment you buy or sell your assets. Also, you will get to know at what price the cryptos were exchanged. You will never miss a thing when the wallet is equipped with this feature.


Security Standards


Security is a collective term that blends many features listed in this blog. However, when it comes to a crypto wallet, it deals explicitly with the transaction mechanism. The architecture has to be programmed in such a way that no one could infiltrate it. We render state-of-the-art security functions with the deployment of peer-to-peer and blockchain technologies.


Denying Duplicate Payments


A top-grossing feature for every crypto user. This feature protects users from wasting their assets. It works as a fail-safe mechanism and prevents duplicate payments from happening. With this function, you could save your assets worth thousands of dollars. Many crypto users have faced the issue of duplicate payment. They would now be able to escape from this recurring issue.


Merchant Services


Trading is a joyful event. It is more profitable when you dive more in-depth and explore the options. With the merchant services enabled, it is possible to travel above and beyond and also make your portfolio look better. When your wallet offers you more opportunities, it is easy for you to expand the possibilities.


Transaction Details


By viewing the transaction history, you come to know when you have gained profits and made losses. It is a repository that is valuable to every crypto trader who plans and organizes the trade. With this feature, the traders will get better results in each phase of the transaction. It will provide them with a better insight into the different trends of the crypto market.


Timed Logout


We often forget to logout from the trading application. In case someone gets access to our device, then they can trade with our assets. The Session Logout feature prevents this kind of incident from happening. It logs you out automatically after a particular time of inactivity. The users can change the timer from the Settings panel.


Wallet Backup


A wallet needs to have a backup mechanism in case of transaction or device failure. A transaction might be interrupted by any kind of technical issue. In such a case, the coins must be secured in the wallet. We make it available in each of our multi-crypto software.


NFC-enabled


NFC or Near Field Communication is a wonderful technology that allows the data to be transferred between wireless devices in real-time. This is undoubtedly going to be a massive trend in the crypto wallets. It enlightens the crypto users in numerous ways. This unique function is achieved by configuring the smartcard interface onto a single device, thus reducing the transfer distance.


Blockchain Firm provides a feature-packed and highly efficient 
Ready Made Multi–cryptocurrency wallet. We deliver all the features that a user expects from such software. We make your trading secure and hassle-free.
5 Reasons to use cryptocurrencies for your merchandise
The World Health Organization(WHO) is insisting people to avoid contact with objects which are transferred from others. The most important object that is certain in our lives is physical currency notes. Merchants are insisted to prefer digital payments than currency notes in this COVID-19 crisis. Some of the countries have quarantined the currency notes for two weeks and then transfer them for usage, to kill the toxicity of the virus. However, the unexpected, negative crises of “Black Swan” makes the investors shift their funds to stable crypto coins, which is referred to as “Gold-2.0”. 


Now, let’s figure out the undeniable reasons to utilize cryptocurrencies(Gold-2.0) for your business!


Undeniable Reasons to use cryptocurrencies


Avoids hidden charges


Fiat transactions incur huge fees on every process. Be it a fee incurred on securing our credit, debit card security charges, internet, merchant, check, minimum balance or any other process, the conventional fiat currencies take off lumps of money from our pocket. 


Crypto transactions are completely devoid of central governance. No intermediaries or third-parties take up the maintenance charges or fees for transactions. The community peers verify and approve transactions of crypto coins, and they are rewarded with the native coins for their proof-of-work. Even the best cryptocurrency payment gateways like Bitpay, Coinbase, BitcoinPay take up only 0.5-1% transaction fee, which is negotiable when compared to fiat transaction fees. 


Protects Sensitive Information


Fiat payment service providers prompt users with more personal and account information. Maintaining the consumers’ information in a centralized server is hectic, and they are vulnerable to hacks. Crypto transactions are much more simple like POS payments, and it requires only public key of the counterparty’s crypto wallet to perform transactions. 


International Utilization


Cryptocurrencies are accepted globally, and there is no need for further currency exchanges. The conventional transaction takes up 5-15 business days to process an international payment. Instead, the cross-border payments are made easier with crypto coins, and it hardly takes a negotiable timeline to complete the process. 


Mobility


Missing our wallets at home does not create a hectic day anymore. Every merchandise can be purchased with our mobile payment apps. The cryptocurrency wallets are built with NFC and POS features to enhance user-friendliness. As the crypto transactions are carried out in the decentralized network, they are much more secure. You can store the accessible amount of crypto coins in mobile wallets and the rest in cold storage wallets like hardware or paper. 


Growing Market


The benefits of cryptocurrency payment gateways are extensive for merchants and the service providers. Bitpay, being the leading crypto payment gateway processes transactions worth $1 billion. 50K+ merchants for their payment transactions have integrated Coingate. Leading brands of crypto and fiat payment providers are partnering with each other to provide intense, hybrid payment solutions. 


Final Standpoint!


The impacts of Corona Pandemic has made the cryptocurrencies as an evident asset that is stable than other investments like funds, shares, gold and deposits. The world is surprised to see the figures of BTC values as its sustaining around $7K! If you’ve invested in roller coaster volatile investments, it’s a great opportunity to invest in stable crypto coins!

Choose the Best Multi Cryptocurrency Wallet Development Company
The blockchain and crypto space have created extensive business opportunities for entrepreneurs who are enthusiastic about app development. Blockchain, still being the novice technology for the world, the investors approach the professional Cryptocurrency wallet development company to build their software. 


As the blockchain technology is evolving, many start-ups have dived in to cater to the services. But, it is investors responsibility to pick the appropriate service provider to build the wallet app. In this blog, let me showcase you the five aspects to consider while hiring a multi cryptocurrency development company! Sure, by the end of t


This post, you’d learn the tactics to select the best blockchain app development company!



Things to consider while hiring a Cryptocurrency wallet app development company


Size of the team


Your project cost is directly related to the size of the team you’re partnering with. Experts prefer medium-sized companies to hand over their projects. The large-sized enterprises’ quote higher costs, and moreover, they take ample time to complete the projects as they have line ups. Mid-size companies assure quality products and request for reasonable costs to complete the projects. In addition, the medium-sized enterprises hand over the deliverables at the stipulated timeline. 


Complexity


You must decide the features and complexities that your blockchain wallet app would involve. With the blockchain framework, you need to determine the configurations your software must-have. Based on the technicalities and complexities involved, you must pick the experienced team for developing your blockchain application.


Consensus mechanism


Blockchain network is governed through a consensus mechanism. You must decide on the requirements and build the application. The blockchain network can head towards achieving proof of work, proof of stake, proof of elapsed, delegated proof of concept and much more. Pick the one that suits your wallet application!


Backend


With the growing popularity of blockchain framework, there evolved new blockchain platforms that render scalability, parallel functionalities and much more. If you lack technical knowledge on the backend platforms, then do consult blockchain professionals to pick the appropriate one for your blockchain wallet app. Some of the popular blockchain platforms are Ethereum, Hyperledger Fabric, R3 Corda, BigChain DB. 


Stack


Every blockchain platform has its tools and resources. Ethereum is most popular for its intuitive programming language Solidity. Likewise, you must consider the associate tools while picking the base of the blockchain wallet application. 


Final Wrap!


You can consider the aspects mentioned above to partner with the Multi Cryptocurrency Wallet development Company and succeed in establishing the wallet software! Sure, your business would hit the community audience with innovative features and operations!
Quick guide on Cryptocurrency Payment Gateways Solution Provider
In recent years, cryptocurrency has been widely used all around the globe as a mode of payment. To incorporate this mode of payment, the cryptocurrency payment gateway has to be integrated. 


In fact, there are a lot of cryptocurrency payment gateways that have emerged to make merchants transfer crypto coins between individuals without any third-party tracking your transaction. This allows businesses to accept transactions of cryptocurrencies from one customer to another in exchange for goods and services.


Through this payment gateway, merchants can perform transactions in cryptocurrencies and encourage a quick exchange of crypto into fiat currencies.


Here are some best cryptocurrency payment gateways solution provider that can help skyrocket your business. 


Bitpay 

  • Bitpay is one of the easy and simplest payment gateways to operate. This bitpay is considered as one of the leading bitcoin payment processors. It has been established in the market since 2011.
  • The main feature of bitpay is that you can set your withdrawal transaction speed as per your requirements. 
  • In terms of security, bitpay focused on a two- factor authentication feature which added an extra element for merchants to choose this payment gateway. 
  • Bitpay supports almost all fiat currencies, including US dollar, Euro, Chinese Yuan, Pound sterling, and direct bank deposits. 

Coinbase commerce: 

  • Coinbase is considered as the largest crypto exchange across the globe. This holds all the legal procedures which are necessary for being a cryptocurrency payment gateway and hence it is stated as one of the most trusted crypto exchanges.
  • In this, you can convert your cryptocurrencies into fiat currencies in no time and can withdraw money without the merchant request.
  • This gateway helps you to accept Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. 
  • You can incorporate their API into your website if you have vast knowledge in developing your own payment gateways. 

GoUrl.io

  • The unique feature of GoUrl.io is that it is an open-source project that means it is free for users to join. It doesn’t require any ID verification to sign up.
  • This is more compatible and works on all major bitcoin wallets.
  • The other best feature about this platform is that it allows merchants to perform one-click payment on their sites.
  • It provides merchants with fully integrated payment forms on their websites without involving any external payment pages.  

Final thoughts


These are the top 3 crypto payment gateways. Apart from this, there are so many platforms available in the financial markets. Yet, these are our top 3 choices and hope it was worth knowing. It’s totally up to you to choose one of the best cryptocurrency payment gateway platforms.
Quick guide about the Strategies that are committed to Trading Bots
Crypto trading bots have become the hottest topic among the millions of cryptocurrency users around the globe. 

In recent years, many companies and individual traders have dipped their toes into this fascinating market in order to perform cryptocurrency trading. Then crypto trading bots came into existence.

Crypto trading bot 

Crypto trading bot is nothing but a software program that allows you to buy, sell, or monitor cryptocurrencies such as Bitcoins, Ethereum, etc.. without any manual interaction. 

Simply put, bots automatically trades on exchanges instead of manually performing each trade. This process is managed through computers with high levels of speed and accuracy that is not possible with humans. 

This article intends to provide you with insights on what strategies one should hard cord into their bots! Now, let’s get started.


Crypto trading bot strategies 

Mean reversion

The mean reversion is an easy-peasy strategy. If the price of a coin has a slight shift from its average price, it will eventually revert back to the actual average price. 

For a detailed understanding, let’s assume a cryptocurrency that has a price average of $1. If the price of a coin goes to $1.25, then the traders will sell all their assets in bulk, and as a result, the price will fall to $1.

Similarly, if a coin price falls by $0.75, then it is considered as a bottom line, and traders start accumulating as much as possible and raise the price to $1.

Momentum trading

The main scenario of this strategy is to have a positive trade with your assets and then sell them off immediately when the market reverses.

The price of an asset will hit about average and then run out of momentum, and price falls down. In such cases, the timing of buying and selling is momentous.

Arbitrage

As there is a lot of fluctuation in the price of the assets across the market, so the price of an asset varies on each exchange.

For instance, an asset is priced at $1 in exchange A and $2 in exchange B. Here with the help of the arbitrage strategy, you can make a profit by buying and selling in exchanges simultaneously. 

Naive Bayes 

Naive Bayes trading is a set of algorithms paired with machine learning (ML) and artificial intelligence (AI). 

The enter and exit for momentum strategy are considered as extremely high-risk and prone to human error. To avoid this, you can feed algorithms into your (ML), and it can automatically pick the optimal time for your trade.

Natural language processing

Information is the key to today’s cryptocurrency market. Articles, blogs, tweets, and other content can travel across the world in seconds, and that may affect some traders’ views of certain projects. 

NPL guides their bots on how to interpret words and phrases to disseminate emotion programmatically. 

For instance, if an article says X is booming after the manager buys stake. The NPL algorithm will process the sentence as keywords like (X, booming, buy) and will act accordingly. 

Closing thoughts

Finally, there you have the strategies that one should hard cord into their bots. Also, it takes a lot of stress, difficulty, and hard work to do everything manually from scratch, so it is wiser to rely on any cryptocurrency trading bot development company, take guidance, and fulfill all your requirements!

Simple Guide about Multi Cryptocurrency Wallet Development Company
In recent years blockchain technology has become contagious. Its growth attracts more and more investors to fall for it. With all this growth of cryptocurrencies, merchants longed for a safe and reliable wallet to store all the digital currencies. 


Basically, a Multi cryptocurrency wallet is a software that is used to interact with the blockchain network. Simply put, it is a wallet that stores all your digital assets. 



In fact, you cannot touch and feel the cryptocurrencies, and without crypto wallets, the whole idea of crypto coins dies!


Furthermore, there are several types of cryptocurrency wallets available in the market. Here are the five most popular cryptocurrency wallets available for your use. 


Online wallet


Online wallets are one that runs on the cloud, and it allows access to your crypto coins through the internet. The online wallet is also known as a web wallet. 


These wallets are considered as one of the least secure types of a cryptocurrency wallet, and hence it needs an extra layer of security. 


Advantages of online wallet

  • It enables the fastest way to complete the transaction. 
  • It is very convenient to use on the go and for active trading.

Disadvantage of online wallet

  • High risk of online security such as scams, hacks, malware, insider hacking, etc..
  • Your coin information is stored by the third-party, not you.

Mobile wallets


Mobile wallets are nothing but your phone applications. They are very easy-to-use, and hence you can use them even in the physical stores. 


Simply install a crypto wallet app on your phone and open an account. Mobile wallets are much safer than cloud wallets. 


Advantages of mobile wallets

  • More convenient and easy to use, you can accept and send payments on the go.
  • Additional features like QR code scanning is an added advantage. 

Disadvantage of mobile wallet

  • The risk associated with mobile wallets are physical breaks or any security breaches.
  • High risk of affecting virus and malware in your mobile

Desktop wallet


Desktop wallets are another choice of choosing over online wallets when security is concerned. 


All you need is to download your wallet application and install it on your desktop or laptops. If the desktop has never been connected to the internet, it becomes a cold storage wallet.


Advantages of desktop wallet 

  • Easy and convenient for those who trade cryptos from their desktops
  • All your private keys are not stored on the third-party server

Disadvantages of desktop wallet

  • Backup of your computer is very important if not done; then, there is a chance of losing your cryptos. 
  • It is difficult to use your crypto assets on the go.

Hardware wallets


Hardware wallets are feasibly considered as one of the safest crypto wallets among all. They can store all your private keys on a device.


They are considered a great way to store large amounts of cryptocurrencies, and they need more control. 


Advantages of a hardware wallet

  • You can use this wallet if you have the plan to hold your crypto for a longer time
  • They allow you to set up PIN code to protect your device and recover them as well if in case your wallet is lost. 

Disadvantage of hardware wallets

  • As they are the safest cryptocurrency wallet, so the expense of the wallet is high.
  • Inconvenient for some beginners to use, but absolutely useful for large crypto amounts.

Paper wallets 


Paper wallets are also the safest option to store all the digital currencies. They are just a piece of paper on which your crypto address, public and private keys are physically printed.


This wallet is highly resistant to online threats and considered an alternative to cold storage.


Advantages of paper wallets

  • All your private keys are not stored on the third-party server.
  • Once the code is used for any transaction, it cannot be reused later, and hence it is considered a hacker-proof wallet.

Disadvantage of paper wallets

  • One has to put more effort to move cryptocurrencies. 
  • Need more technical understating, and hence it is hard to use for the day-to-day transaction.

Final insights


As said earlier, cryptocurrency wallets are an integral part of using cryptocurrencies. It is very important to choose a secure cryptocurrency wallet, so it’s better to rely on any cryptocurrency wallet development company. Try to understand how they work before making any transaction!
Know when to use the crypto trading bots using this ultimate guide and then invest!
Let’s get started on crypto trading bots!


Even though humanity states that humans engineer bots and machines, it’s undeniable to accept they are intellectual and smart enough than humankind in certain tasks. One such thing is crypto trading bots!


Arbitrage Crypto Trading Bots
 are self-operating computer protocols that conclude trade deals in the exchange platforms with the set of predefined strategies and rules. The crypto bots monitor across multiple exchange platforms round the clock and make as much as the profit they can to manage in your portfolio!


Even though crypto trading bots are completely intellectual and smart, they are expensive, and you must never invest in them without irresistible need. In this blog post, discover when to use crypto trading bots and then if it’s required you can purchase them!


When to use cryptocurrency trading bots?


Crypto trading bots can perform a lot of tasks for you in the exchange accounts like rebalancing, managing portfolio, smart trades, monitoring the exchange prince ranges. When it comes to setting the protocols of the trading bot, you must know when to use them and what are the tasks to be automated. Here’s the look around on the scenarios at which you must employ crypto trading bots!


Repeated tasks and schedules


Repetitive admin tasks like rebalances and other specific processes can be automated with trading bots. You can manually set alarms and rebalance your crypto portfolios every hour. But, in the busy schedules and office meetings, it is viable to lose rebalances in your crypto portfolio. Hence, you can employ crypto trading bots to automate the repetitive tasks in the exchange platforms. 


Appropriate timing


Crypto market space is volatile and experiences price volatility for every second. Before concluding the desired profit rates, the crypto market may change. Hence, employing trading bots for completing swift deals without any losses can be appreciable. Monitoring multiple crypto exchanges and closing the deals at the appropriate time can be tedious for human, but it’s compelling in case of bots. 


Round the clock tasks


Whatever the profession maybe, we are humans at the end of the day! We need breaks, sleeps and we do get tired of working. Performing day trading round the clock is impossible for humanity, whereas bots are invented to do that jobs efficiently. Crypto trading bots can diversely manage portfolios effectively and conclude the lucrative deals with desired profit range at any time. 


Simplified tasks


Complex trading strategies framed by professional crypto traders can be hard to understand theoretically. When implemented in exchange platforms, the trading strategies can be understood better. Mirroring trading techniques can be implemented with ease by employing crypto bots.


Final verdict!


Crypto trading bots
 can automate certain tasks in your exchange accounts. But, it doesn’t mean completely deviating from your duties of crypto trading. You must periodically inspect the trading strategies with due diligence. However, while purchasing the crypto trading bots, it’s your duty to audit the security aspects of these bots!
6 reasons to accept crypto payments in business
The digital revolution can hit our doors in assets too. Crypto payments can reap enormous benefits to the merchants, small and medium scale industries. Giant brands build their customized payment system for accepting different types of cryptocurrencies. Integrating the pre-built cryptocurrency payment gateways for start-ups is sufficient!


In this blog, let’s have a look at the top 6 reasons that will make every entrepreneur accept cryptocurrencies soon!


Top 6 reasons to accept crypto payments in business


Rapid Borderless Transaction


Crypto coins are an effective way to transfer assets across the globe within minutes. Business partners need not wait for banks to process international transfers; instead, if the crypto wallet is handy, you can send and receive coins across the globe. With no intermediaries on crypto transactions, the processing time is much lesser than conventional bank transactions. 


Just a mobile with an internet facility can make your crypto transactions happen within minutes. For giant, medium, or small scale businesses expanding globally, crypto payment integration is mandatory. 

Secure Transactions

The crypto transactions are recorded on the blockchain network, which is decentralized, immutable, and secure. Hence, the crypto transactions can be traced back to its provenance, even if there is any dispute. Moreover, to hack a particular crypto transaction, the counterfeiter must break the entire chain of transaction, which is almost close to impossible. 

Lower Transaction charges

In fiat transactions, be it a card or monetary transaction, almost 150 billion are incurred as intermediary charges by visa and MasterCard service providers. Crypto payment gateways can save the enormous intercharges paid by the enterprises as it is devoid of intermediaries and other process charges. Integrating crypto payment gateways can reduce your transaction fee to almost 0-1%, thereby increasing your profit rates. 

Better Privacy

Banks prompt for federation issued ID proofs, digital signatures, email addresses, contact numbers, and much more information to hold the account. Every fiat transaction is recorded on the centralized server, which is vulnerable to hacks by the prying eyes. Customers don’t have control over the authorization or access of personal information in banking systems. In crypto payments, only public address of the wallet is shared, and the peers can perform transactions by signing off the ownership. In this way, crypto owners have complete control over their wallet address, and they can share their public keys with trusted people. 

Devoid of chargebacks

In fiat transactions, the enterprises pay off significant chargebacks for the utilized products and services to the customers. However, businesses lose their money in the intermediary transaction charges, and the products can not be resealed. The crypto payments can be accepted in these cases and are beneficial as they are immutable. The crypto transactions can eliminate the repayments and chargeback challenges faced by the industries. 

Devoid of intermediaries

The traditional banking system involves third-party intervention in your asset portfolio. It’s a big deal to safeguard your money from the banking system itself. You may have planned the fiat money in the account for some events, but as the month begins, it may be swiped off for mortgages or interests. In the case of crypto transactions, customers directly sign off the ownership of crypto coins to your wallet address. None of the intermediaries involved in the crypto transaction, hence maintaining the privacy of the transaction. 

Final Wrap-up!

Crypto payments are the future transaction of every enterprise. You can start your trials by embedding the best cryptocurrency payment gateways for your business transactions! 

To know more about the crypto space, stay tuned with us in this lockdown!
Factors to Consider For Choosing Right Multi Cryptocurrency Wallet
Introduction to What is a Cryptocurrency Wallet


In simple terms, a crypto wallet is a software functionality designed to store digital coins. But originally, it stores your public and private key addresses, thus enabling you to send and accept coins through blockchain. You can simultaneously monitor the wallet balance. They are far different than physical wallets.


How does a Crypto Wallet Work?


Private keys are similar to the PIN number of your ATM card whereas public keys resemble your bank account number. When you transfer a digital coin, it means that you’re sending a value in the form of a transaction, thus transferring your ownership on the coin to the receiver. Further, if the receiver wants to spend the new coins, his private keys should go in terms with the public address.


Finding Right Cryptocurrency Wallet


Today, there are a lot of wallets are available across the globe and finding the right Multi cryptocurrency wallet is a difficult task for the participants. I opt for Blockchain Firm since they provide a private, transparent, and the best cryptocurrency wallet. They embed the blockchain technology to make the wallets immutable and highly scalable. Along with higher security functions, the wallet is embedded with various featurettes like adaptability and user-friendliness.


Crypto Wallet-What Is Its Key Benefits


The key benefit of using a cryptocurrency wallet is the convenience it provides. You can do instant exchanges with the money being held in your wallet; it is quick and economical. You can also customize the wallets according to your requirements.


There are Multi Cryptocurrency Wallets, in which you can store numerous cryptocurrencies like Litecoin (LTC), Ethereum (ETH),  Zcash (ZEC), Dash (DASH), Ripple (XRP), Monero (XMR), Bitcoin Cash (BCH), NEO (NEO), etc. all at once. 


If you are looking to buy a multicurrency wallet, then here are certain matters that you should keep in mind. These will help you determine what sort of wallet you have to buy.

  • Do you intend to use the wallet for everyday purchases? Or is it meant only to store the cryptocurrencies for later investment?
  • Are you planning to use multiple cryptocurrencies or only one like Bitcoin? For various currencies, then you should ask for a multi-currency crypto wallet. A standard wallet might only store a single currency.
  • Do you wish to access your multi-currency from anywhere around the world or only from one place (say your home)?

Take plenty of time to analyze your requirements and then decide on buying a multi-currency crypto wallet.


However, the following would apply, in case you are running a blockchain-based company and wish to develop your kind of multi-currency wallet. Approach a multi cryptocurrency wallet development company like Blockchain Firm to keep you ahead of your competitors.

5 Reasons to use cryptocurrencies for your merchandise in the Modern era!
Now, let’s figure out the undeniable reasons to utilize cryptocurrencies(Gold-2.0) for your business!


Avoids hidden charges


Fiat transactions incur huge fees on every process. Be it a fee incurred on securing our credit, debit card security charges, internet, merchant, check, minimum balance or any other process, the conventional fiat currencies take off lumps of money from our pocket. 


Crypto transactions are completely devoid of central governance. No intermediaries or third-parties take up the maintenance charges or fees for transactions. The community peers verify and approve transactions of crypto coins, and they are rewarded with the native coins for their proof-of-work. Even the best cryptocurrency payment gateways like Bitpay, Coinbase, BitcoinPay take up only 0.5-1% transaction fee, which is negotiable when compared to fiat transaction fees. 


Protects Sensitive Information


Fiat payment service providers prompt users with more personal and account information. Maintaining the consumers’ information in a centralized server is hectic, and they are vulnerable to hacks. Crypto transactions are much more simple like POS payments, and it requires only public key of the counterparty’s crypto wallet to perform transactions. 


International Utilization

Cryptocurrencies are accepted globally, and there is no need for further currency exchanges. The conventional transaction takes up 5-15 business days to process an international payment. Instead, the cross-border payments are made easier with crypto coins, and it hardly takes a negotiable timeline to complete the process. 

Mobility

Missing our wallets at home does not create a hectic day anymore. Every merchandise can be purchased with our mobile payment apps. The cryptocurrency wallets are built with NFC and POS features to enhance user-friendliness. As the crypto transactions are carried out in the decentralized network, they are much more secure. You can store the accessible amount of crypto coins in mobile wallets and the rest in cold storage wallets like hardware or paper. 

Growing Market

The Advantages of cryptocurrency payment gateways are extensive for merchants and the service providers. Bitpay, being the leading crypto payment gateway processes transactions worth $1 billion. 50K+ merchants for their payment transactions have integrated Coingate. Leading brands of crypto and fiat payment providers are partnering with each other to provide intense, hybrid payment solutions. 

The world is surprised to see the figures of BTC values as its sustaining around $7K! If you’ve invested in roller coaster volatile investments, it’s a great opportunity to invest in stable crypto coins!
Top 4 secret techniques to earn from your cryptocurrency wallet apps!
Investors are fond of purchasing cryptocurrencies in recent times. A crypto wallet is a mandatory application for every crypto owner to manage and perform transactions with the asset. Every multi-cryptocurrency wallet development must be equipped with advanced security features so that the crypto coins can be protected from prying eyes over the web. 


In this blog post, let me discuss the secret ways of earning from multi cryptocurrency wallet apps!


Top 4 secret techniques to earn from multi cryptocurrency wallet apps


Transaction Rewards


Community peers of the blockchain network govern cryptocurrency transactions. Every crypto transaction is approved and added as a data block in the distributed ledger. The validation and approval process of crypto transaction takes up to 10 minutes. The transaction rewards for distinct wallets vary accordingly. 


Staking


Blockchain network requires the support of crypto wallet owners in the task of holding the crypto coins for a specific period. The task of holding crypto assets in the wallet application for a certain period is referred to as staking of assets. 

The blockchain network peers prompt for permission from the crypto owners and locks the assets in the wallet app for staking. The crypto owners are rewarded with commission charges for staking their crypto coins with tokens or other useful coupons. 

Listing new crypto coins

Due to the increasing popularity of cryptocurrencies, every day, a new crypto coin is featured in the coin market cap. The new crypto coins have to be listed in the white-label cryptocurrency wallet applications of crypto owners for storing and managing the assets. Based on the value of the new crypto coin and its features, the crypto owners are rewarded with native coins. 

Consultation charges

Crypto wallet owners are rewarded with commission charges for consultation on investment options and trading strategies. The crypto traders owning the wallet apps afford insights on managing the crypto portfolio with the liquidity of assets. These insights fetch crypto owners the lucrative commission charges. 

Final Verdict!

Crypto space has created extensive opportunities for the investors, entrepreneurs and consultants. Implementing efficient ideologies and features in exchange, lending platforms of the crypto market could earn lucrative business opportunities. Leading exchange platforms earn in billions every year with add-on services on the trade transactions. 

To explore more on crypto space, stay tuned with us!
Find the secured wallet in the crypto Market
Introduction-What are Cryptocurrency Wallets?


A digital wallet or cryptocurrency wallet is a computerized functionality that aids in storing your cryptos. Crypto wallets are programmed to interact with various blockchain that allows users to send/receive digital currency & monitor the balance. Alongside, the users can check the status of transactions at any time after they log into the crypto wallet.


Besides learning how to buy & sell cryptocurrencies on crypto exchanges, it is important to own a dynamic cryptocurrency wallet to store your crypto assets. A single cryptocurrency wallet can hold only one type of cryptocurrency while a multi cryptocurrency wallet can store more than one.


Cryptocurrency wallets allow users to completely control your money, earn, and transfer crypto coins. Alongside, this will bring benefits such as decentralization, security, and transparency.


Types Of Cryptocurrency Wallets

  • Online Wallets
  • Desktop Wallets
  • Mobile Wallets
  • Hardware Wallets
  • Paper Wallets

It’s easy to know whether a cryptocurrency wallet is secure or not. You’ve to make sure a wallet has the following functions: passphrase feature, PIN code functionality, & Two-Factor authentication.


All cryptocurrency wallets are backed by multiple security features. However, the features differ according to the development team behind each wallet. Go through the factors mentioned below and if a wallet has all those features, then it’s a good one.

  • Private keys – Control your private keys from the wallet.
  • Conveniency – Dynamic User Interface for user-friendliness.
  • Development Forum – Activity in development communities.
  • Support & Security – Backup and restore functionality
  • Compatibility – Compatible with multiple operating systems.
  • 2-Factor Authentication – Each time when login is attempted.
  • PIN – An 8-digit pin code for login purposes.
  • Passphrase – A strong password in case you forgot the PIN.

If you own a cryptocurrency wallet, make sure you follow the guidelines below:

  • Install & run any reliable antivirus software on your PC.
  • Ensure that you have a strong & secure firewall installed.
  • Avoid phishing and double-check the URL you’re accessing.
  • Never attempt to access your crypto wallet from a public Wi-Fi.
  • Always use two-factor authentication.
  • Do not install unknown software or apps on your device.
  • Utilize only trusted wallets and update them whenever possible.

Why Choose Blockchain Firm?


When you’ve decided to own a cryptocurrency wallet, then you’re at the right place. Blockchain Firm is the expert in cryptocurrency wallet development and they develop wallets as per your requirements. They abide by all the security standards and laws to develop a dynamic crypto wallet. Efficient technical expertise, quality assurance, and client satisfaction are the key terms of this firm.
Blockchain-Powered Cryptocurrency Wallet Applications development
What’s Cryptocurrency Wallet according to ordinary people?


multi cryptocurrency wallet is nothing but your crypto asset bank account that is decentralized across the globe without any intermediaries. A bit chaotic again?


Crypto wallets are the only place at which you can store and make transactions of the cryptocurrencies. They are similar to our mobile or net banking applications that have a secure passcode to access. To be much identical and connected, crypto wallets can be connected to our email accounts that have an address and password. Email accounts can be utilized to store and share any valuable information. 


Cryptocurrencies are being accepted as a payment option in many stores worldwide. Integrating Bitcoin as a mode of payment at check-out is seriously a good idea. All we need is an efficient, bitcoin wallet app for mobile devices.

Let’s see the benefits that a bitcoin wallet app could bring.

Trusted Form of Exchange

The digital nature of Bitcoin makes it the right and perfect solution for international transactions. Bitcoin payments are fast & cost-effective when compared to other slower & expensive payment options. Bitcoin payments are also free from foreign exchange rates and other hassles.

A digital wallet stores your Bitcoins locally. The wallet is secured by a unique private key that should not be disclosed to third parties. You can use this wallet to initiate a transaction.

Decentralized Nature

Bitcoin follows the peer-to-peer mechanism. It means that each cryptocurrency wallet app acts as a node in a blockchain network. This network holds information about all the transactions made from the wallet. Another added advantage is that the transaction log is open and can be traced back at any given time. With this decentralized mechanism, a transaction can neither be blocked nor declined nor can the funds be locked.

A Safer Ecosystem

The Bitcoin ecosystem is set in an organized manner. It makes the wallet app a safer place to store, exchange, and use digital currencies. All the transactions in the wallet are signed with a cryptographic hash before they reach the blockchain network. A Bitcoin wallet allows you to send & receive payments and view your transaction history & current balance in the dashboard. The wallet also runs a few operations like synchronizing the blockchain, which is essential for validating transactions.

Anonymous

To initiate a transaction in the wallet app, you should know the recipient’s Bitcoin wallet address. Each wallet has a unique address. It is a combination of numbers and upper & lower case letters. A user can generate any number of addresses as he/she wants for their wallet. Knowing only the address, one can check how much money was sent to and from it. But it is not possible to say which wallet is associated with the address and who the actual recipient of the money is. Hence the anonymous factor.

What is a crypto trading bot and its primary features?
Simply put, Crypto trading bot are computer programs that autonomously pick signals and trends and then execute trades. Unlike the regular homo sapiens that get carried away by emotions, bots are entirely dependent on the data and perform trades seamlessly.


As an added advantage, the bots help you do your trades even while you are fast asleep with your family. Some bots are programmed to trade on multiple exchanges while some stick to the mentioned platforms only.


The crypto market has numerous veterans who predict the rise and fall of various coins. The tips and commands they give are called signals which are available online on various platforms. The bots are crafted to pick signals from these specified and trusted market geniuses and carry out trades as pre-directed.


As humans, we may or may not understand the commands and there are high chances of being influenced by greed or grief.


Some of the Primary features of the cryptocurrency trading bot?


Automatic trading


Obviously, bots have automatic trading capabilities. Yet it is essential to mention here that it is the primary feature of any given trading bot in the crypto field.


Mirror trading


The bots should be able to subscribe to the signallers and mirror their commands. With this type of feature, anyone can easily trade cryptocurrencies.


Short Sell


The bots should be able to short sell the cryptos so that you can avoid major losses during a bear market and at the same time earn big profits.


Track and Trade

The ARBITRAGE CRYPTO TRADING BOT must be capable of buying and selling multiple coins simultaneously as the market fluctuation is considerably high in the crypto realm.

What’s mentioned here is only to give you a skeletal idea of what the bots really are. There is always more information coming. Keep watching this space.
Chit-Chats on Cryptocurrency Payment Gateway Workflow & Benefits
The cryptocurrency payment channel is grabbing huge subscribers in recent years due to the rising demand in developed countries. The economy of the world is dependant, and it revamps based on the decisions of developed countries. Superpowers of the world have started accepting cryptocurrencies for the significant sectors and processes. Merchants, enterprises and many leading e-commerce businesses have set their POS to accept crypto payments. 


Even the leading brands of the e-commerce sector have just integrated the payment gateway to accept cryptocurrencies. If you’re a merchant trying to include crypto payments for merchandise, you need not go for a crypto payment gateway development. Many crypto payment gateways render customer support services to integrate their payment system to your stores. 


In this blog post, let’s look at the workflow of cryptocurrency payment gateways and their benefits. 


How does the cryptocurrency payment gateway accept crypto coins?


Crypto payment gateways work similarly to other payment processing process. The crypto payments are reliable and rapid with community governance. The miner nodes verify transactions in the crypto platforms by tracing back the provenance. Streamlined crypto payment gateways are responsive and inclusive. 


The payment service providers are liable to obey the obligations and norms of the fintech industry. The payment verification process in crypto transactions happens in the blockchain network with encrypted data blocks. Once the consumer sends crypto coins to the merchant, the miners verify the transaction. On successful completion of the crypto transaction, the crypto balance changes and gets reflected in the wallet address of consumer and merchant. You can opt for the desired list of cryptocurrencies payment services to the payment gateway providers. 


Here’re the advantages of integrating crypto payment gateway in your business!


Advantages of integrating crypto payment gateway


In the crypto payment gateway, equipping with features to surpass the merchant wallet address is the significant attribute. As the popularity of cryptocurrencies is increasing at a steady pace, integrating the crypto payment gateway to your business POS can increase the sales figures to a greater extent. 


Let me snipe the bullet shots on advantages of crypto payment gateways!

  • The crypto payment gateway abides by the data security standards and norms with rapid processing.
  • The verification and approval of crypto payments become comfortable with community governance.
  • With no intermediaries, the transaction charges are negotiable. 
  • The liquidity of assets can be drastically improved with crypto and fiat payments. 

Take away!


You can enforce the crypto payment gateway to your payment system only if the user base is huge and they’re fond of trading with cryptocurrencies. The crypto payment gateway providers render you with a wide range of services. You can opt for instant fiat and crypto transfers based on the delight. However, for merchants, it’s a better choice to instantly convert the cryptocurrency to fiat to reduce losses on price volatility!

Pre-requisites of Cryptocurrency Wallet App Development
Crypto wallet application is the fundamental need for every crypto owner. Increasing demand and value of crypto coins have tremendously elevated the customized cryptocurrency wallet app development. The crypto-traders are designing their wallet applications with customized, advanced features from the professional team.


You may wonder why do every crypto trader require a customized crypto wallet app when there are number exchange wallets available in the market space. In this blog post, you will find the needs of crypto wallet app development and the pre-requisite for the process!


Need for cryptocurrency wallet app development


Bitcoin, Ethereum and other popular cryptocurrencies afford their users with cryptocurrency wallets. But, managing multiple cryptocurrencies in different wallet applications is a tedious task for a crypto trader. Usually, crypto-traders own distinct crypto coins to maintain liquidity of assets and play with exchange markets on making profits. As the cryptocurrency wallet development company offers advanced features and wallet backup add-ons, the crypto traders are building personalized multi-cryptocurrency wallet software!


All crypto owners extensively use mobile wallet applications for easy accessibility, QR code features and rapid transactions. Even the hardware or paper wallets require a software crypto wallet application to perform transactions. Now, let’s look at the pre-requisites that are mandatory for cryptocurrency wallet app development!


Pre-requisites for the crypto wallet app development


Novice crypto owners and traders can utilize the open-source wallet applications to learn the basic functionalities of a crypto transaction. As they pursue complex trading strategies across multiple exchange platforms, they require tailor-made crypto wallet app to manage crypto coins effectively. 


Here’s the list of pre-requisite features every crypto owner opt for in a cryptocurrency wallet app development company!

User- Authorization

Crypto user must register and sign-in to the crypto wallet app with a secured feature. The crypto assets are virtual, and hence the enhanced security layer of multi-factor authentication is mandatory. The crypto owners can decide their authentication mode as OTP, calls or push messages on real-time. Randomness in the authentication method can enhance the security of your crypto assets. 

Multi-currency

Crypto traders require liquidity of multiple crypto coins to play with active coin pairs in the market space. Hence, the crypto wallet app must support storage and transactions of popular crypto coins. Some of the wallet app development companies render the choice of cryptocurrencies to the users. You can pick the best coin pairs from the list!

QR code scanner

Merchants and leading brands have kick-started to accept multiple crypto coins for their merchandise and services. The shops are equipped with QR code digital payments in most countries. The wallet app with QR code scanner can enhance crypto payments through the merchant POS systems. 

Pop-up notifications

Even though there are multi-factor authentication, private keys to enhance the security of wallet app, popping up notifications on the emails or messages would notify the transactions of the wallet. You can possess the hardware or paper wallet if someone accesses them illegally or tries to tamper the assets, the pop-up notification in email can save your assets. 

Real-time trends

Crypto market space is volatile. Every minute of the crypto market space is precious, and the volatile figures of cryptocurrencies could enhance your profit rates. The crypto owners must be notified about the price hikes and declines with intuitive graphical representation. 

Wrap-up!

Stepping ahead ten times can improvise your growth curve for a decade! Enabling advanced security features and functionalities in the crypto wallet application can help you glide with the flow of trading platform. With personalized, intuitive, elegant crypto wallet software, you can conclude the trade deals in the exchange platforms within seconds, if not in minutes. Let your profit figures in the crypto trade platform grow drastically as cryptocurrencies!

Future of Multi-Cryptocurrency Wallet Applications!
Technology has remarkably grown in the century that bank passbooks have vanished and the entire money transfers happen at our fingertips. From long queues of bill payments, the transaction has been revamped to mobile applications, saving our time and efforts.


 Cryptocurrency, virtual currency is the boon to the fin-tech industry, but the underlying blockchain technology much more than altcoins. Blockchain technology can magically legitimate the entire industry process with decentralized and distributed features? Isn’t it interesting?


Let’s glance through blockchain, cryptocurrency, and its applications!


What is Blockchain?


Blockchain is the shared ledger that records the transactions in chronological order and is cryptographically secured. The nodes which are connected to the blockchain network have consensus data transactions that are stored in blocks. The blocks posses pre-hash, nounce, data and hash values. 


The blockchain network uses the SHA-256 algorithm to secure data transactions that convert the input string into a 256-bit alphanumeric output value, that can’t be counterfeited. Another feature of the blockchain network is that there is no intervention of third parties for verification of transactions. The nodes which verify the transactions of a blockchain network are addressed as miners. 


Now, let’s take a look at the top-notch cryptocurrency which is built on the blockchain network!


What are cryptocurrencies?


Cryptocurrency, a digital currency enables the peer-to-peer transfer across the globe without the intermediaries or central authorities. They are similar to a piece of code, that makes cryptocurrencies secure and impossible to counterfeit. 


The cryptocurrency game started in 2009 with the evolution of BitCoin, which still now hangs at the first position in market value. Over the years 2810 cryptocurrencies have evolved!


Don’t we need a place to secure these cryptocurrencies? Yes, they are cryptocurrency wallets!


What is the cryptocurrency wallet app?


Cryptocurrency wallet apps are similar to our mobile banking apps in our smartphones. A cryptocurrency wallet is the only place at which you can figure out your digital currencies and it enables the user to send and receive crypto coins. 


Cryptocurrency wallets are of three major types which comprise a software wallet, hardware wallet, paper wallet. A software wallet posses different categories such as desktop wallet, online wallet, and mobile wallet!


Initially, the cryptocurrency wallets were a headache that required separate wallets for different cryptocurrencies. Over the years, thanks to our developers who eased the managing of cryptocurrencies with a multi cryptocurrency wallet app that stores all the crypto coins under a single roof!


Let’s glide through the benefits of cryptocurrency wallet apps!


Benefits of cryptocurrency wallet apps


Peer-to-peer transactions


Cryptocurrency wallet apps paved the way for peer-to-peer transactions with no time and money across the globe. The crypto apps ruthlessly cuts-off the intermediary charges which are taken for every transaction across the globe. Just like our well-known PayPal app, crypto wallets enable global transactions without any fees.


Private Wallet


Crypto wallets are completely owned by the user and it’s not just the word as like our mobile banking apps. Even though mobile banking apps are owned by us, the pin, password or authentication are stored in the third-party server, whereas crypto-wallets are completely owned by the user. 


Global & Secure


Crypto coins are globally accepted and there are no flip-flops in market value. When the fiat money has greater fluctuations, the user can convert them to cryptocurrencies, to make their assets secure and stable.


The user holds private and public keys to ensure the security of digital assets in the crypto wallet. In order to manage your cryptocurrencies highly secure, you can take the help of cryptocurrency wallet development services!


It’s better to not try or play games with the highly-valued crypto wallets! Need some more discussion on the cryptocurrency, leave us your footsteps of interest in the comments page below!

5 Aspiring Benefits of Cryptocurrency Trading Bots
Artificial intelligence is rising at its peak. Every industry leverages bot technology to automate repeated tasks, customer support services, quality inspection, regressive testing and much more processes. IT services have leveraged the bot technology to the most and have implemented chatbots to enhance their customer support. By employing chatbots on customer service, these industries have reduced their workforce and improved profit figures. 

Cryptocurrency and trading is another lucrative business at which the investors are showering their interests in recent decades. However, the crypto market is volatile and fluctuates the price value every second. Monitoring the price hikes round the clock and deciding the lucrative trade deals by comparing the multiple exchange platforms can be a cumbersome, tiring task for human minds. Hence, the miners, traders have enforced their trading strategies in cryptocurrency trading bots to ease their job!

In this post, let’s scout around the benefits of cryptocurrency trading bots!


Benefits of cryptocurrency trading bots


Bots make the life of novice traders easier!


Cryptocurrency market space is tedious, and it’s hectic to make assured profits from mining, trading assets at the novice stages. The novice traders require a lot of research, tiring hours and a keen understanding of the ins and outs of the trading strategies to succeed in making profit rates. However, even after these striving efforts, the profit rates can’t be assured in crypto space! But, the bots can ease the task of monitoring, implementing the trade strategies and notify about the profitable deals in seconds!


Advanced crypto trading bots can copy the trading strategies of professional traders and mirror them into your exchange accounts, by which you’ll earn lumps of assets!

Exploring with experiments

Novice traders require a lot of space to research on distinct market strategies, trading techniques, popular crypto-assets and other realms. The bots can be set to provide an aggregate graphical representation of the market trends, thereby growing across your learning curve. With every exploration of a trading platform, you can experiment the strategy by setting automated profit rates in the bots. The experience with multiple trading strategies can make you a successful trader soon!

Round the clock trading

Crypto market space never sleeps, and the price hikes, declines occur all through the day. Of course, as your night becomes the day for other parts of the world, the crypto-asset value keeps on increasing and decreasing! However, you can’t work round the clock to perform trade deals in the crypto world. You can employ a bot and monitor the crypto space all through the day without letting your personal space!

Time-Efficient

Crypto market is 24-hour gameplay! Withstanding the crypto assets in your portfolio is a shabby task. Monitoring and concluding the trade deals at the right time is a mandatory requirement in the crypto trading space. Bots can be effective in concluding the trade deals within a fraction of second!

The bots can efficiently reduce the time of market monitoring and trade deals conclusion with intuitive UI. Choosing secure trading bot is also an unquestionable requirement!

Efficient and reliable

Humans are liable to lose efficiency, productivity on tiring 24 hours hectic day. Bots are tireless and keep working on till there are no technical glitches. The crypto bots are efficient and could analyze the multiple exchange platforms within seconds. Bots could compare and notify the crypto traders about the lucrative trade deals with preferred profit rates. 

Final Standpoint!

Even though machines are human-made, they gallop human efficiency in round the clock, repetitive tasks. Arbitrage Crypto Trading Bot can be extremely efficient and beneficial for traders who are frequently investing and making money out of price hikes!

Where can you get the best Multi-Cryptocurrency Wallet Development Services
First and foremost let us know about cryptocurrency. This is a digital form of money. A cryptocurrency transaction renders you to perform a money exchange between two parties without the indulgence of a third party.


All these transactions are performed instantly in the network and are completed in a couple of minutes. So through this, you can save maximum time. These can lower your transaction fees than banks, and are highly secure.


Let us now come to the point about the multi-cryptocurrency wallet. Fundamentally, a cryptocurrency wallet is a place where you can store all your crypto coins and assets. Although you cannot touch and feel them, you can keep track of these.



Types of cryptocurrency wallet:


The below mentioned are three major kinds of cryptocurrency wallets specifically,   

  1. Software
  2. Hardware
  3. Paper

Where can you get the best cryptocurrency wallet?

  • As you may know, several firms render these wallets; among these, there is one company the “ Blockchain Firm,” where they provide the best one.
  • There is a squad of blockchain developers who put the utmost effort to render you the finest cryptocurrency wallet.

Services they afford for a cryptocurrency wallet.

  1. Multi-currency wallet development services:
  •  As cryptocurrency wallet is a decentralized one it stores all your crypto coins and assets without any intermediate.

   2.  Web & mobile wallet services:

  • Using web and mobile wallet services, you can go handy wherever you want to use them. They possess reliable software with high security.

    3.  Exchange wallet services.

  • Once the process of exchanging cryptocurrency is done, They provide you a secure cryptocurrency wallet which is shatterproof.

Perks of using cryptocurrency wallet developed by  Blockchain Firm:

  1. They possess a highly secure crypto transaction.
  2. They are highly reliable on P2P transactions; hence, there is a faster transaction.
  3. If there are no central authorities in the whole process, you can get your transaction done at a minimal cost.

Final verdict:


With the evolution of advanced technology and efficient features of the Multi-Cryptocurrency wallet we would like you to experience the most secure platform for your crypto coins and assets in Blockchain Firm.





Top Cryptocurrency Payment Gateways and its Features
Cryptocurrencies, blockchain, artificial intelligence, augmented reality, and much more technical jargons have become the buzzword in our economic posts. Every industry out there competes for technical evolution, and the fintech industry is leading the race forever with amusing, innovative ideologies. Our minds never have though of fiat currencies when the barter system was in existence. As of now, the cryptocurrencies inception has hit more than a decade!


The booming popularity of cryptocurrencies makes merchants, and entrepreneurs integrate payment gateways that accept multiple currencies in their POS. In this blog post, let’s take a look at the top payment service providers and features of cryptocurrency payment gateways!


Top Cryptocurrency Payment Gateways and its features!

BitPay

BitPay is one of the leading crypto payment service providers who serve across leading brands like Microsoft, Shopify, NewEgg, Virgin. The aspiring feature of BitPay payment service is that they offer their consumers “BitPay Card”. BitPay card enables the swapping of bitcoins into dollars. The service provider has a widespread network with 38 countries across the globe. Bitpay accepts cryptocurrencies like Bitcoin and Bitcoin Cash. 

Features of BitPay crypto gateway are:

  • Open-source plugins 
  • Point of Sale(POS)
  • Billing & Accounting
  • Effective portfolio management
  • 11 Add-on solutions

Coinbase

Coinbase has made accepting crypto payments much easier for the merchants with just email address and integrated contact number. Over 2000+ merchants across 42 countries utilize the coinbase services to accept popular cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ethereum Classic. Coinbase POS can be integrated with Shopify, Woocommerce, Opencart. 

CoinGate

CoinGate supports the acceptance of 50+ cryptocurrencies in the POS system. The infrastructure is reliable and renders better services to both merchants, consumers. The CoinGate payment system is convenient, user-friendly and ergonomic for consumers. CoinGate POS system can be integrated with WooCommerce, PrestaShop, Magento. 

Conclusion

Fintech industry is evolving every day with the innovative contactless payment systems. You can contact the desired cryptocurrency payment service providers support team and enquire about the features, price range and other details of the payment system. If you’re in need of any technical or professional assistance, do contact a cryptocurrency payment gateway development company!
Know more about the Benefits of a Cryptocurrency Wallet Application
Cryptocurrency Wallet App is the revolutionary software that has brought up the ease of transferring assets across the globe within seconds. Even though bitcoin is popular and giant investors hold them, other crypto coins have not lost the scope. Mid and beginners of crypto investments carry a variety of other cryptocurrencies to perform their transactions across the world for business transactions. 


To know more about the benefits of a cryptocurrency wallet application, stay tuned with this post!


Ease of transactions


Crypto wallets have enhanced faster, secure transactions for international, large scale business people and crypto investors with just their private & public keys. 


With just a mobile app, people can transfer their crypto-asset from any part of the world to the recipients without any time lapse or intermediaries. High processing fee incurred by the intermediaries and authoritative central banks can be negotiated entirely with these crypto transactions. The intermediaries take up to 5-15 business days to complete an international transaction, whereas the crypto coins paved the way for quicker, reliable transactions. 


Different types of storage


Cryptocurrency wallet apps provide accessibility as well as cold storage features. The crypto owners can hold a minimal amount of crypto coins in their mobile software for quick accessibility and the rest in cold storage as they desire.    


Paper, USB, and atomic wallets are more prevalent in terms of cold storage crypto wallets. Crypto investors can feel safer with lumps of crypto coins without any prying eyes watching them. 


Verified transactions


The transactions that a person performing in crypto space is always verified and is approved by the miners of the community. If there are any sense of fraudulent activities, miners can block the recipient or sender. Only on verifying the source of the asset, it will be transferred from the wallets. 


In the crypto community, transferring the coins literally means the transfer of ownership of an asset with the signature of the current owner, which is similar to land ownership transfer. But, in the case of crypto coins, owners can sign digitally and transfer within the community. 


Tamper-proof network


State-of-the-art security is a vital aspect of every crypto community. None of the hackers can steal lumps of the asset without the knowledge of community people called miners. If the fraudster needs to break the seal of a data block, they must find the hash and pre-hash values of the predecessor blocks, which is highly impossible. 


Another advantage of the blockchain network is its immutability of data. Even if the community people try to change the single piece of data transaction, they need approval from more than 50% of the miners to seal the block. This is highly impossible. Hence, the crypto wallets render better security and immutability of data to its owners. 


Final thoughts


I have precisely listed out the benefits of crypto wallets in this modern era. To know more about Cryptocurrency Wallet Development Services, do ping us on live chat or telegram for more cafe talks!
Pick the best crypto wallet that suits your business from a wide range of varieties!
If you own a business, you can now integrate the crypto payments in your POS system to attract the global audience! But, how to accept crypto payments from your customers? 

A simple and straight answer is through “crypto wallet apps”!

A cryptocurrency wallet is an application that saves public and private keys of your wallet to interact with the native blockchain network. The wallet software enables you to manage the portfolio of crypto coins and process transactions with them. If there are no crypto coins in the wallet, then how the transactions happen on crypto wallets! Here’s the answer!

How does a crypto transaction take place?

The crypto coins are sent or received to your wallet application by legally signing of the ownership in the blockchain network. Once, the public address, private keys and the digital signature of the crypto owner are verified by the miners of the blockchain network; the transaction is approved. If the transaction is verified, the balance in the crypto wallet of the sender and receiver changes. 

Crypto wallets are the key spot to access your crypto assets. Hence, maintaining them in a customized manner is significant. Utilizing the exchange or other centralized crypto wallet is not a safer option. While picking the customized multi-cryptocurrency wallet development option, you’re showered with a wide variety of wallet types!

Let me provide you with a gist of every distinct type of crypto wallet!


Mobile Wallet

If you’re a frequently utilizing cryptocurrencies for trading, merchant payouts or any other purchase, your significant aim is accessibility. Just like installing any other software, you can install the crypto wallet app of your choice to manage and perform transactions with cryptocurrencies. You can choose the recovery option available in the mobile wallet app to back up your crypto coins in a secure manner. As mobile wallets are easily accessible, they are prone to threats. Enabling multi-factor authorization can add-on a security layer for the crypto wallet app!

Desktop Wallet

A desktop wallet is a safer choice for users who prefer trading operations in their personal computers. As like installing other software apps on the desktop, you can download and install the crypto wallet in PC. Desktop wallets can be a secure option only when there is no virus threats or access to the public networks on your device. 

Web Wallet

Web wallets are considered the most insecure applications to store crypto coins. Every exchange affords its users with the wallet application, but storing the crypto assets in a centralized, third-party system is always a risky operation. If the private keys of the wallet are exposed to hackers, your crypto coins are also owned by someone else!

Hardware wallets

A hardware wallet is similar to the images, documents or any other information stored on your USB drives. The hardware wallets can securely store your crypto coins in the cold storage. In order to perform transactions or manage the portfolio, you can connect hardware wallets with internet-connected devices. However, as the hardware wallets require offline verification techniques, it is considered the most secure of all crypto wallets!

Paper wallets

If you’re not investing in the crypto coins for trading or frequent use, then storing them in a paper wallet for long-term would be the best choice. Paper wallets are another cold storage option for crypto owners who store bulk cryptocurrencies. 

Final Standpoint!

If you’re a novice crypto owner just stepped into the crypto market space, then try utilizing the exchange crypto wallets with minimal balance. Coinbase is the most recommended web wallet for novice crypto users. Once, you’re an expert of crypto play; then you can build a personalized crypto wallet application for your trading requirements!





A delve into the budget of the cryptocurrency wallet development!
The recommendation of contactless payments by the world health organizations(WHO) has paved the way for increasing the crypto user base. Due to COVID-19 crises, the world is now shifting to the contactless digital payment applications. Cryptocurrency wallet development services are parallelly increasing in the market space. 


In this blog, let me shower you the brief information on cryptocurrency wallet, its features, benefits, and the cost to develop the application!


Abstract on cryptocurrency wallet!


A crypto wallet is a software that enables users to store and process transactions with crypto coins by connecting them to the native blockchain network. The crypto wallets possess the copy of blockchain address regarding the ownership of crypto assets. 


Users can authorize the wallet application and directly access or process transactions the blockchain address of the crypto coin. The crypto owner can transfer the coins in the wallet by legally signing-off the ownership of cryptocurrency, and the blockchain network transfers the ownership to the recipient wallet address. Cryptocurrency wallets require some mandate and advanced features for effective functionality. 


Now, let’s have a look at the features of crypto wallets!


Features of crypto wallets


The crypto owners are now looking for some advanced security and functionality features in the software. Here’re some of the common features that are included in the crypto wallet by every development company!

  • Multi-factor authentication,
  • Multi-cryptocurrency support,
  • Multi-signature approval,
  • Automatic session logout,
  • Recovery backup,
  • QR Code scanner,
  • Push Notifications,
  • Visual Portfolio,
  • Real-time market stats.

Benefits of crypto wallets


Crypto wallets render huge benefits to users in their financial transactions. Let me list a few!

  • Rapid cross-border transactions,
  • Reduced transaction charges,
  • Devoid of intermediaries & third-parties,
  • Streamlined transaction process,
  • P2P transactions,
  • Traceable asset transfers,
  • Transparent transaction. 

Let’s delve into the objective of the blog post!


A budget of the cryptocurrency wallet development


When the crypto owner wants to build a customized wallet, many aspects come into play for budget framing. The list of functionality features, security measures, backup software, functionalities, workforce and other significant aspects count while quoting the cost of crypto wallet development. 


While the crypto owners prefer secure wallet apps, building them right from scratch based on their requirements is a better choice. To build the crypto wallet application and inspect them with end-to-end functionalities, bugs, approaching a professional cryptocurrency wallet development company is a wiser pathway!


The wallet app development companies out there in the market quote around 5000$-20000$, depending on the complexity of software. You can find many white-label crypto wallets on the open-source platform, but auditing them with technologists and patching up is a risky operation!


With the booming competitive crypto space, the development services are increasing in figures, so the price quotes would decrease in the future. Never, compromise on the quality of your crypto wallets as it may lead to hacks!

Why you need a Multi-Cryptocurrency Wallet in this Modern Era!
Crypto investors may wonder about the customized cryptocurrency wallet development Company. In fact, they may consider these odd ones as fools. But, they are real geniuses!


The only screen or visual at which you could see the crypto assets are at your wallet dashboard. Shouldn’t you be more secure? A wide range of people goes with the centralized crypto exchange wallets to reduce costs. But, sure, they’re not aware of billions of hacks and threats happening in the giant brands. 


Even a smaller bug in the centralized crypto wallet can pave the way for millions of earnings for hackers. Hence, it’s always a wiser choice to maintain your crypto coins in the customized cryptocurrency wallet! 


Now, let’s get through what is a multi-cryptocurrency wallet; it’s a necessity for crypto investors and how it works in this blog post!


What is a multi-cryptocurrency wallet?


multi-cryptocurrency wallet is an application that helps to manage and trade multiple crypto coins in a single-roof. At initial stages, separate portfolios were maintained for distinct cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and many more. Thanks to our genius blockchain developers!


Blockchain Developers came up with a clear idea of a multi-cryptocurrency wallet similar to exchanges. Now, we’re enjoying the benefits of a single mobile app that helps us manage and trade crypto assets!


Why is customized cryptocurrency wallet development necessary?


Centralized Exchanges provide crypto wallet services for their users, but that is not a safe practice. A central authority maintains a single server space to provide wallet services, which become a glass of wine for hackers. 


Instead, a customized multi-cryptocurrency wallet development with the best security and functional features for your own crypto investment needs can be the appropriate one. If you’re a crypto enthusiast with a large number of multiple crypto coins, you can go for various types of crypto wallets. 


Build your secure blockchain wallets in all types. 

  1. Hardware, 
  2. Mobile, 
  3. Paper. 

It’s always a safe practice to maintain your crypto coins in minimal amounts at mobile wallets. Internet-connected devices are prone to be counterfeited at any time. Transfer your rest of the crypto assets by splitting it into cold storage wallets. 


How does cryptocurrency wallet works?


A cryptocurrency wallet is no wonder. Just think of your GPAY mobile app. You have an ID or phone number that is registered in the application and your primary bank account. The phone number is sharable and is visible to other users who want to send money to you, whereas the device PIN and UPI PIN are secured one. You must never share the PIN or authentication methods with other persons. 


Crypto wallets are similar to your daily life GPAY accounts. Instead of integrating bank accounts, you must go with crypto wallets of distinct currencies. Your ID, phone number in GPAY is similar to the public key, and secured PIN can be a private key. If you want to receive crypto coins, you must share the public address and ask the trading peer to send money. Vice versa, if you wish to send crypto coins to other users, access the wallet with private keys, and then sign off the ownership transfer of assets!


Doesn’t it look simpler now!


The only difference is the transactions, and the history is visible in the associated blockchain platform!


Can we step ahead to develop the tailor-made crypto wallet?


Final Thoughts!


If you wish to develop the feature-packed, secure multi-cryptocurrency wallet, then reach out to the expert team of Blockchain Firm. We compose our crypto wallet with client requirements, futuristic, and current market trends. Security is our priority, and hence we offer multi-factor authentication for accessing your crypto wallets. 
Sure, our team develops distinct types of crypto wallets to store your assets securely. To discuss more on multi-cryptocurrency wallet development, ping us!

Choosing a Cryptocurrency Trading Bot for your gameplay!
Crypto space is volatile, and the traders love its price plays. Every crypto trader out there tries to play a safer game in the exchange platforms. However, sometimes due to the swift price volatility, they end up in losses. The crypto markets are much more volatile! For instance, a trader can conclude a deal in the specific profit rate, but at the time of trade completion, it may be low or high from the desired profit rates. Hence, the professional crypto traders employ bots to perform their trade deals to avoid processing time, tiring analysis and stripping into volatile markets. 


Crypto traders design their strategies and approach a crypto trading bot development company to proceed with technical aspects. The traders can opt for various functionality and security features while developing a crypto trading bot with their strategies! There are in-built trading bots for portfolio management, market monitoring and much more common strategy. You can even purchase them, as there are numerous bots with better trading tricks!



In this post, let’s look at the aspects that are essential to choosing a crypto trading bot!


Significant aspects to scrutinize while choosing a crypto trading bot.


Quality


The crypto trading bots must be of high quality with 100% reliability and uptime. Crypto space concludes a deal within seconds. Hence, downtime, buffering must be strictly avoided to enhance the quality of crypto bots. The eminent team with extensive professional skills must develop the crypto trading bot so that they deliver perfect companion for your trading experience without any bugs. 


Ergonomic Functionality


It’s not that only technologists invest in crypto trading bots. The investors from any industrial space can purchase the crypto trading bot for crypto play in the market space. Hence, the trading bot you’re choosing must have the simplified, streamlined functionalities, so that everyone can utilize them for trading purposes with ease!


Security


Security is the priority while entering crypto market space. As the crypto trading bots prompt for exchange keys, they must be enabled with multiple security features. Enabling multi-factor authentication, automatic session logout, pop-up notifications on every transaction and much more can help crypto-traders escape from the prying eyes!


Proficient Functionalities


Crypto traders prefer advanced trading bots to perform their operations. Day trading, arbitrage, market making, mirroring, signal trading and much more have drastically improved on its way! The traders choose bots with stop-loss, fixed-profit, candle-stick patterns, automated signal trading features. 


Wrap up!


Crypto trading bots
 are employed to perform trading operations as the human can’t analyze multiple exchanges at seconds and conclude the trade. But, bots are masters of rapidness! Performing repetitive analysis and notifying the lucrative deals are tiring for a human to perform round the clock. Bots are invented to operate round the clock with repetitive tasks. Hence, crypto bots can shower you with work-life balance and lucrative business deals!


Pick the crypto bot that can really fetch lucrative deals in the crypto gameplay!

 







Top 5 reasons to accept crypto coins for your business
The digital revolution in the industries has simplified data management, payment transactions and other processes to a greater extent. Still, the traditional fintech system has hindrances in performing overseas and trade transactions. The fiat payment system takes 5-15 business days to complete the international transaction. Hence, the world shifts to better, swift and secure crypto payments!


As of now, around 3 million active crypto users frequently utilize the crypto coins for their trade transactions. In most of the developed countries, cryptocurrencies are accepted as a legal payment method; thereby, it becomes inevitable for all the countries to accept crypto coins soon. You can accept the crypto payments for your business just by integrating the gateway from the cryptocurrency payment gateway provider


Now, let’s get through the reasons to accept crypto coins for your business!


Top 5 reasons to accept crypto coins!


Low Transaction Charges


The crypto payment system takes up only a minimal amount of transaction charges when compared to conventional or digital payments. The traditional payment system incurs huge lists of fees in every process like bank transfers, credit/debit card transaction, minimal balance, overdraft and other commission charges. The crypto payment gateways incur only 0.5-1% transaction fee on the whole, which is completely negotiable when compared to traditional POS. 


Data protection


Traditional bank transfers, credit/debit card transactions and other digital payment methods opt for consumer’s financial, personal and other unwanted data for processing. The huge data storage in centralized servers are prone to hacks, thereby the traditional payment techniques and their aggregated data become insecure. 


Crypto transactions require only the public key of the wallet and the shipping address to perform transactions. Hence, the consumer data is secure enough and could be protected from hacks easily as they are decentralized. The safest crypto payment acceptance can enhance your sales figures globally!


Instant Borderless transactions


Instant cross-border payment transactions are considered as the significant benefit of accepting crypto payments in business. The rapid cross-border transactions facility of your business can attract new customers worldwide. Crypto payments are instantaneous and require no background verification for transactions. Hence, consumers can easily adopt crypto POS for purchase transactions. 


Crypto coins are great for travellers who frequently explore across the globe as they are accepted irrespective of federations and market price. Without background verifications, crypto wallets can be installed and utilized by the investors.


Growing Market


Leading brands such as Amazon, Microsoft, Overstock, Wikipedia and others are accepting popular cryptocurrencies for their merchandise. BitPay, Coingate and Coin Payments render its services to thousands of merchants across the globe. The fiat and crypto payment service providers are working on providing integrated payment solutions to the businesses. 


Generation opts for crypto payments!


The younger generation is fond of the digital revolution, and of course, they prompt for transparent, rapid transactions in the industries. Hence, significant industries like e-commerce, healthcare, fintech, gaming have started accepting crypto payments in their POS. Soon, the world will adapt to the digital currencies in tech evolution!

A quick pierce through on the mystery behind fluctuating cryptocurrency wallet address!
Kick-starting with the crypto space can be tiring with a lot of technical aspects. Bitcoin was the first-ever cryptocurrency that has been invented for public use. The cryptocurrencies and underlying blockchain can be hard to understand for common people who are technically inclined. With modernized apps diving into our real-life, the cryptocurrencies can be reliable payment methods for every people. 

The crypto wallet development services pack the applications with advanced features that can enhance the trading experience of crypto investors. In this blog, let’s excavate the secret behind the fluctuation of cryptocurrency wallet address!


Why cryptocurrency wallet address fluctuates after every transaction?

Once you initiate a crypto transaction from your wallet, the specified amount of crypto coins are legally signed-off to the recipient’s wallet address in the blockchain network. The remaining crypto coins in the sender’s wallet address are transferred to the new “change” address associated with the same wallet. The blockchain network peers verify and approve the transfer of ownership. Once the crypto coins are transferred to the recipient address, and the transaction is confirmed, the sender’s wallet address is modified to the “change” address. The change address of the sender’s crypto wallet comes into place only when the transaction is confirmed by the miner nodes of the blockchain network; otherwise, the wallet address is reverted.

Does the wallet address fluctuate for every cryptocurrency?

Bitcoin and Bitcoin Cash wallets fluctuate their public address for every transaction, whereas Ethereum and other wallets don’t. However, many crypto investors own customized multi-cryptocurrency wallet with advanced features. You can opt for the blockchain wallet development company to add-on the change wallet address feature after every crypto transaction performed with customized application. The change address feature can be an extra layer of protection to escape from the prying eyes. 

The sender’s wallet address which was prevailing before change address remains associated with the wallet. They can be utilized for receiving funds, but sticking with real-time crypto wallet address is a safer choice!

Wrap-up!

Maintaining the crypto assets securely in the wallet becomes challenging in this digital era. The crypto coins are virtual assets and can never be seen anywhere other than your wallets. Hence, hold a personalized multi-cryptocurrency wallet with the preferable coins, advanced security and trading features!

7 Stages of Developing a Cryptocurrency Wallet
When a customer approaches a cryptocurrency wallet development company for developing a cryptocurrency wallet, the company or a representative should provide the customer a clear Technical Task (TT) with a detailed description of the product’s vision and the features it should have.


Evaluation and Planning


At the beginning of any development, the first question that’s always asked is, ‘What is the cost?’. And the next question will probably be ‘How long will the development process take?’ To find answers to the above questions, you need to evaluate the project and sketch a rough work plan. The plan usually has a project manager who plays his part with both the customers and performers. He/She acts as a representative and is responsible for coordinating the work of the team and communicating with the customer.


When evaluating a project, the Technical Task (TT) and customer’s requirements will come under assessment. The stipulated time frame to develop an application and test it under various environments is also evaluated. Pain points in the TT and unused product usage scenarios are revealed during the evaluation.


Express evaluation gives a rough idea about the number of hours a person needs to work to deliver a finished product. A detailed assessment is carried out within a week. With this assessment, you can get an accurate idea of when the customer will receive a wallet ready for use in real-time.


At the end of the first phase, you will get the ‘Scope of the Project and ‘budget required for the development.’


Business Analytics


This is the second phase of development. During this phase,

  • the essential requirements for the actual product are determined
  • schemes for the interaction of users are built along with an interface
  • suggestions are put forth to achieve what is intended, and
  • a basic plan of user interest is developed

It is not a mandatory factor that a developer should conduct the business-analytics. Customers can fulfill it on their own or come up with a list of preset requirements. In such scenarios, the customer is responsible for the quality of analytics.


At the end of the second phase, you will get the specification of functional and non-functional nodes, basis & user interface specification, detailed development budget, a proven development plan.


Design of the Application


The development team will create a user interface from scratch, in case the customer does not have a ready-made one. Initially, they work on creating UI/UX base & wireframes and send them to the customer. Once the customer approves, visual design is developed, considering all user scenarios. The scenarios are a quick design or prototype, a map, graphics elements, a screen switching scheme, and a lot more.


The prototypes can either be static or interactive, depending on the customer’s requirements. With the prototype, one can visually see how the interface will look through the eyes of the user. During this process, the product gets the final touch. So, it is essential to establish feedback with analysts and marketers. This will conclude which design option best suits the final users.


At the end of the third phase, you will get a preliminary interface design, a map-view & screen switching scheme, and UX/UI specifications.


The Coding Part


After sketching the TT, evaluating the project, and developing the prototype, the programmers/coders are all set to start writing the code. The application logic is usually linked with the server part and the cryptocurrencies. Design sketches, UI elements, and interface styles are also included in the code. To increase the pace and reduce the cost of development, developers usually make use of open-source libraries such as Chain-Java, Bitcoinj, Blockchain, Coinbase, and others.


The designers join the team after the design is sketched. They make sure that the programmers have implemented the styles, and the colors are given right. Also, they check how well the methods correspond to the idea, how right the rounded corners are, whether the design suits devices with different screen sizes.


At the end of the fourth phase, you will get a product that is ready for testing (MVP) and design corrections.


Testing and Fixing the Bugs


After implementing a code that holds a part of the wallet’s functionality, the testing stage starts. Testers check the application in various environments to identify bugs, flaws, and errors. All of them are entered into a separate ‘bug list,’ and the list is sent to developers for corrections.


Some of the popular testing stages are:


1. MVP testing.


2. Alpha-version testing.


3. Beta-version testing.


4. Re-release or Acceptance testing.


During the final stages, the application code, compliance with the intended design, and the usability (how easy is to use the wallet & is the interface precise at the intuitive level) are checked.


At the end of the fifth phase, you will get info on the number of bugs identified, a simple & intuitive interface, and a pre-release product.


Product Release


After the testing phase is over, product analysts, developers, testers, designers, marketers, and the customer should decide together about the release of the product. Once the product is all set to be launched, it can be added to a digital marketplace. Both the developer and the customer can add the wallet to the marketplace listings. They can contact any digital services and pass their compliance checks along with other requirements and legislation.


At the end of the sixth phase, you will get a fully-packed Multi cryptocurrency wallet.


Technical Support


The development of a cryptocurrency wallet does not end with its release. If the customer or other users find any bugs, the development team should work on fixing the bugs. Along with that, the developers will work on making the wallet more convenient and functional.


If the development of the application is provided in the initial plans, then the development team continues to work on the project. If this is not provided, a maintenance contract is written, or a new development stage starts, taking into account the obtained data.


At the end of the seventh phase, you will probably get a maintenance contract that includes the time taken for project development (making relatively minor improvements) and a guarantee for fixing bugs.

Why decentralized cryptocurrency payment gateway stops the cryptocurrency transaction issues?
Cryptocurrencies have become the undeniable asset and investment in the fintech industry in recent times. Even though there are a lot of controversies going around the world in accepting crypto payments and transactions as legal, the developed countries have started to build their norms on crypto transactions. Hence, it becomes certain for developing and under-developed federations to work on crypto payments. 


Decentralized finance is what attracts the world to utilize cryptocurrencies. The decentralized cryptocurrency payment gateways can play a great role in resolving the issues in accepting cryptocurrencies as a payment method. 


In this blog, let’s discuss the issues that will be resolved in integrating the decentralized crypto payment gateway to your business POS system!


Problems that resolve on integrating decentralized crypto payment gateways!


Scalability


Scalability is considered as one of the significant issues in accepting crypto payments. The cryptocurrencies are limited in volume and transactions by the blockchain network peers. Scaling up the volume of cryptocurrencies to that of fiat currencies would be a great challenge for every federation. However, there are possible ways in which a federation can build the native crypto coins for its medium of exchange. Soon, the developed countries will dive into the crypto space to launch their volatile or stable cryptocurrency to the world!


Volatility


The volatility of the cryptocurrency is considered as a threat for its rise by a group of people. In contrast, another crew is happy about trading multiple crypto coins with the same. As of now, the merchant has to rely on cryptocurrency payment gateways or exchange platforms to swap the crypto coins into fiat and vice versa. The exchanges incur transaction fees to swap the cryptocurrencies to fiat, and moreover, due to the fluctuations in crypto values, there are chances of losing money. Hence, the merchants are advised to transfer their crypto assets instantly to fiat money to avoid losses. However, in this growing crypto market, the merchants aggregate the cryptocurrencies by expecting price hikes too!


Many stable coins have been launched in the crypto market space to overcome the volatility issues. Stable crypto coins can enable merchants to avoid value losses or reliance on third-parties. The stable coins improve the liquidity of assets than cryptocurrencies. Major e-commerce brands have launched their coins as reward points, and soon, this may be scaled up to crypto coins!


Transaction fee


Exchange platforms earn huge, if not in billions, with the transfers of crypto to fiat money and vice-versa. As the crypto users are limited, the exchanges incur transaction fees for swapping the assets in their platform. If there is a decentralized payment gateway, the transaction fee would be negotiable or null on the increasing number of crypto users. Once the crypto payments become universal payment method, the transaction charges would be negotiated by the respective federations. 


Wrap-up!


Cryptocurrencies are certainly the future of payment transactions. Decentralization, transparency, and security becomes the desire of every financial institution, and cryptocurrencies can help them achieve the success mark. As the world is changing in all aspects due to the impact of Corona pandemic, our payment transactions would also be changed forever without contactless transactions!

Wanted to taste the hot or cold crypto wallet for your trading? -Here're professional tips!
The crypto market is growing drastically at the rocket speed. Every day the crypto space attracts new investors to purchase and trade distinct crypto coins. In this “Black Swan” crisis, the investors are transferring their funds, investments to stable assets of their choice. Some, invest in precious metals, whereas others go with the cryptocurrencies of their desire. Cryptocurrencies are therefore addressed as “Gold 2.0” by the financial experts. 


In this post, let’s look at the cryptocurrencies and the wallet app types!


A brief of cryptocurrencies and wallets!


Cryptocurrencies are virtual currencies that are utilized as a medium of exchange in many parts of the world. The cryptocurrency is encrypted with cryptographic codes, and the transactions are recorded on the blockchain distributed ledger. The crypto transactions are controlled and approved by the authorized miner nodes of the blockchain network.


Every crypto owner requires a wallet to store and perform transactions in their cryptocurrencies. A crypto wallet is an interactive tool that helps crypto coins to connect with the native blockchain network for transactions. The fiat mobile wallet, like Paytm, PayPal stores the assets in your bank account and allows you to perform transactions, whereas the crypto wallets store only the public and private keys of the account. Public keys are just like email-addresses or usernames of your social media accounts. Just like sending emails, you can transfer cryptocurrencies to another wallet, if their public address has been shared with you. Private keys are confidential as like your passwords, PINs, and it must not be shared with anyone. Once if your crypto wallet private keys are exposed, hackers can steal the crypto assets from the application!


Customized multi-cryptocurrency wallet development that grabs great attention from crypto investors in recent times. You can approach a wallet development company to build your application right from square one or patch up the white-label multi-currency wallet that is available in the market. But, before building a wallet application, you must know the types of crypto wallets available in the market. 


Here’re the types of crypto wallets that are available in crypto space!


Types of crypto wallets


Crypto wallets can be majorly classified as 

  • Hot Wallet,
  • Cold Wallet.

Let’s peep through each category of wallet in detail!


Hot Wallets


Hot crypto wallets are the one that is installed in the internet-connected device. The hot wallets are further split into:

  • Mobile Wallets,
  • Desktop Wallets,
  • Web Wallets. 

Cold Wallets


Cold wallets are the one that has no access to the internet. A large number of crypto investors consider cold wallets as a safer option to store their crypto coins!


The crypto cold wallets are available on distinct choices:

  • Hardware wallets,
  • Paper wallets.

Cold wallets are connected to desktops or personal computers and then authorized with an offline verification process to perform transactions. 


Take Away!


Professional crypto-traders grab both hot and cold wallets of their choice to secure and access their crypto assets. Hot wallets like mobile wallets are utilized for the storage of minimal crypto coins to perform instant transfers. Cold wallets like Ledger Nano S, Trezor is utilized to store the bulk amount of crypto coins. However, if you seek customized cryptocurrency wallet development, the service provider affords you with a mobile wallet and a cold wallet of your choice for backup plans!

Details you must know about cryptocurrency payment gateways!
The invention of cryptocurrencies had many debates all around the globe. Despite its chaos, after a decade, the cryptocurrencies withstand in the competitive market at the paradigm position. Many developed countries accept crypto payments in shops, exchanges, services. 


You can accept or pay distinct fiat and crypto payment transactions for your business from consumers. Many cryptocurrency payment gateway providers integrate your POS with advanced features to securely accept crypto and fiat currencies. Soon, to expand your business globally, accepting crypto coins for merchandise would become mandatory!


In this blog, let me kick-start with the cryptocurrencies and take you through cryptocurrency payment gateway details!


An onset to cryptocurrencies!


Cryptocurrencies were first invented way back in 2009, a decade ago, to act as a digital medium of exchange encrypted by cryptographic codes. The cryptocurrency transactions are logged on the decentralized blockchain platform with the time stamp in chronological order. Every data block in the blockchain network is interlinked with each other by hash values. A block comprises hash, pre-hash, nounce, and data values with a time-stamp. The blockchain authorizes some of the nodes as miners to verify and approve transactions, thereby avoiding scams and counterfeit activities in the crypto space. 


Now that you’re clear about cryptocurrencies and their transaction records. Let’s dive into crypto payment gateways to expand your business globally!


All About Cryptocurrency Payment Gateways!


A cryptocurrency payment gateway is a channel that enables you to pay and receive multiple cryptocurrencies in your POS system. Integrating crypto payment gateways in your POS can reduce the transaction charges, intermediaries, and the processing time to a greater extent. Some of the best crypto payment gateways also enable acceptance of debit, credit card, and bank transfers as the payment mode. 


If you’re integrating the crypto payment gateway to your POS system, then withdrawing the funds instantly helps you prevent losses in the volatile crypto space. 


Crypto payment gateways render intense transparency, privacy, the security of transactions. The lack of intermediaries in the payment process enables you with reduced transaction fees and swift processing. 


Every crypto payment gateway out there in the market is packed with features. Here’re the mandate features that a payment gateway includes to enhance your business!


Features of crypto payment gateways


Let me list the features of the cryptocurrency payment gateway in bullet shots so that you grab them easily!

  • On registering with a crypto payment gateway service provider, you will be able to send and receive multiple crypto coins for your business transactions. The crypto transaction requires only the public address of the wallet!
  • You will be afforded a mobile application to access, generate reports, and perform transactions in the cryptocurrency payment gateway account. 
  • Some of the crypto payment gateways allow merchants to instantly transfer the crypto coins to local fiat currencies for withdrawals. This prevents merchants from the crypto volatility losses.
  • Multi-factor authentication is an extra layer of protection to secure your crypto transactions. As your consumers also dive into the crypto payment gateway, it becomes your responsibility to enhance their security with multi-factor authentication. You can also utilize Google authenticator for this purpose!

Let’s peep through the benefits of crypto payment gateways before winding up the blog!


Benefits of crypto payment gateways

  • Acceptance of multiple crypto coins for merchandise. 
  • Secured payment gateway.
  • Supports all kinds of fiat payment methods like bank transfers, credit, and debit cards. 
  • Transparent payment method.
  • Reduced transaction fee. 

Endnotes!


You have grabbed a thorough knowledge of crypto space and its showering opportunities to expand your business globally. You can also build decentralized applications in the underlying blockchain platform to spread your business with community governance. To know more about the crypto and blockchain space opportunities, do connect with me!

Fetch your Crypto Wallet Development Company for Safe & Advanced Trading!
Be it a fiat currency or cryptocurrency, you must protect them securely in your wallets, accounts, and other applications. Fintech sector is the most prominent sector that is aimed by counterfeiters to steal money and information. The conventional banking system is much more vulnerable to hacks as the information is stored in a centralized server. The centralized server is hectic to maintain, and the hackers easily break the walls of servers as its a single-window system. 


Crypto users are provided with the wallets that have secure public and private keys to authorize the assets in the application. Even though there are built-in applications, to enhance the security, customized crypto wallet app development becomes a preferable choice among crypto traders. 


In this blog, let’s go through the features of the crypto wallet app that attracts crypto traders to perform safe and advanced trade deals!


Multi-currency support


Crypto space has become vast and extensive in recent years. Just swapping the investments from one crypto coin to another during price hikes yields huge profits to crypto traders. Hence, the crypto traders who are into the trading space prefer wallet software that supports multiple crypto coin storage and transactions. Many crypto wallet development companies afford a list of crypto coins to their costumers to integrate into the crypto wallet app. The clients can pick their choice of crypto coins or prompt for the entire list depending on trading plans. 


Devoid of duplicate transactions


Crypto traders perform their transactions in a hassle, and there are possibilities for duplicate transactions. Pick the crypto wallet app that avoids duplicate transactions with its functional features. By avoiding duplicate transactions automatically, you can escape from the pain of double spending or revoking the duplicate crypto transactions.   


Automated session logout


Our banking and sensitive applications are integrated with automatic session logout feature to protect our money from hacks. Your crypto wallet app must also have the automated session logout feature to enhance the security of your crypto coins. Crypto assets are much more valuable than fiat currencies; hence, you must always have the practice of logging out from the application after performing transactions. 


Upshot!


A cryptocurrency wallet app is a mandated tool for a crypto trader. You must pick them wisely by scrutinizing the functional and security features. On analyzing the current market trends, you can consult the crypto wallet development company and build customized apps based on your needs. Choosing the white-label cryptocurrency wallet app is the best choice, and you could scale it up with market requirements!

5 benefits of cryptocurrency wallets you must know
Crypto wallets are the only place where you can at least look at the figures of the crypto coins you hold. As cryptocurrencies are purely virtual assets, you can store and perform the transactions only in the wallet application. Crypto coins can be used as a medium of exchange for merchandise and other transactions. Even though the crypto coins are much safer with the blockchain platform, you can’t store the huge number of crypto coins in the application that is installed on internet-connected devices. 


Experts and professional crypto traders recommend novice crypto users to hold a minimal amount of crypto coins in the mobile wallets and the remaining in cold storage. Ledger Nano, Trezor, Keepkeys are becoming more popular among crypto investors in recent times. If you’re in chaos to purchase the hardware wallet, then this post will remind you of the benefits of cryptocurrency wallets in brief!


Benefits of a cryptocurrency hardware wallet


Encrypted Passcode


Cryptocurrency hardware wallet passcode or PIN is generated by the owner and is highly confidential. You can generate and modify the passcode of the hardware wallet whenever necessary. In the event of the forceful intervention of third-parties for more than three times, the hardware crypto wallet destructs itself. Public and private keys stored in the hardware wallet are disrupted, and you will be notified by the event in the desired contact medium provided in the information. 


Private Keys have intense privacy


You can store your private keys of application in the hardware wallet and not anywhere else. Only if you’re transferring funds from your hardware wallet, it needs to be connected with the internet. Keeping away your hardware wallets from the web is the safest practice, and it can safeguard your crypto coins from hackers. 


Organizing multiple coins


Cryptocurrencies don’t require physical space to store; hence you can store any number of crypto coins in the hardware wallet. Advanced hardware crypto wallets are designed to store multiple crypto coins like BTC, LTC, ETH, XRP, and much more. You can even developing a cryptocurrency wallet with customization of coins list!


Resistant to viruses


The system viruses attack software applications, and therefore your hardware crypto wallet and the assets in it are safer. Corrupting your hardware wallet is highly impossible, and it’s always recommended to scan for viruses in the device before plugging in the wallet. 


Offline verification


Hardware crypto wallets prompt for verification in offline mode. Hence, without the device and proper passcodes, nobody can access or steal your crypto assets in the wallet. In the cold storage wallets, crypto coins are considered safer than mobile or desktop wallets. 


Upshot!


Even though mobile crypto wallets are most preferred for transactions, cold storage wallets are considered safe for storing your crypto coins. Whenever required, you can transfer crypto coins by authorizing hardware or paper wallets and perform trading or other crypto transactions. Never lose your precious crypto coins in the hands of prying eyes!

All you want to know about the types of cryptocurrency wallet
A multi-cryptocurrency wallet renders different kinds to store the crypto assets and access them for trading. Multi-cryptocurrency wallets fall into three major categories of software, hardware, paper. Software multi-cryptocurrency wallet splits up into desktop, mobile and online apps.


Let’s glide through software multi-cryptocurrency wallet apps and then through hardware, paper apps!



Software Multi-cryptocurrency Wallet



Software multi-cryptocurrency wallet is split up into desktop, mobile and online apps.


Desktop wallet



If you are in need of a secure device to manage your cryptocurrencies, then a pc or desktop multi-cryptocurrency wallet suits you the best!


Desktop or PC wallets have higher security comparatively, but if they are counterfeited or some malicious activities happen, you’re lost!


Mobile wallet



Mobile multi-cryptocurrency wallets are precise and easier to use for regular transactions like our fiat mobile banking apps. The future of a multi-cryptocurrency wallet is mobile apps!


Multi-cryptocurrency wallet apps
 are designed in such a way that they accumulate a small amount of space!


Online wallet



The online multi-cryptocurrency wallet is similar to any government portal which is on cloud and accessible at any platform with network connectivity.


While online wallets are easily accessible, they are vulnerable as hackers can counterfeit due to third party interventions.


Hardware Wallets



The hardware multi-cryptocurrency wallets are distinct from the software as the private keys are maintained devices like USB, SD, SSD,  Blu-ray discs!


Once the devices with private keys are connected with PC’s having network accessibility, you’re good to go ahead with transactions of cryptocurrencies. Even though, it’s not the earliest idea, this wallet paves way for increased security on crypto coins storing them offline of vulnerabilities!


Paper Wallets



Paper multi-cryptocurrency wallets are highly secure than the digital era’s techniques. The private and public keys of the cryptocurrency wallet are stored in the form of print out.


Transferring funds from hardware or software wallet to paper wallet takes place with the help of public address shown in the printout. However, to transfer funds from paper wallets to any other crypto wallets, you must shift the required crypto coins to be transferred to a software wallet through private keys or scanning QR code in a paper wallet. Just similar to UPI apps!





How to accept crypto payments for your business?
Cryptocurrencies are rising in volume and values, even in the decline of the economy. Right now, the world is facing great challenges due to the corona pandemic. The unexpected, negative situation that is faced by the entire world is addressed as “Black Swan” by the experts. In the black swan crises, investors shift their assets to stable investments like gold, crypto coins, and other valuable kinds. 


Best cryptocurrency payment gateways
 like BitPay, CoinBase, Coingate can be integrated into the payment processes to accept multiple crypto coins. In this blog, let’s learn the step-by-step processes to integrate the crypto payment gateway!


A step-by-step guide to integrate cryptocurrency payment gateway


Scrutinize and pick your choice


The first and foremost step is to analyze the market trends and choose the right crypto payment gateway that suits your business plans. You must examine the services, transaction charges, accepted coins, conversion of fiat currencies, and their regulatory norms. You must completely analyze the existing payment gateways and pick the best suited!


Discuss with service providers


On deciding the cryptocurrency payment gateway , you must connect with them and discuss the norms clearly. The customer support team can render you the appropriate information than websites and blogs. 


Build the merchant wallet


Your business webpage should have an integrated merchant wallet to accept crypto coins. The payment service provider prompts for the sign up of the user account with an integrated wallet. On registering as an authorized merchant, you can accept the crypto payments from consumers. 


Pick the list of currencies.


The crypto payment service providers afford a list of crypto coins that can be selected for payment transactions. You can select the entire list or only the popular cryptocurrencies based on your delight. In addition, the crypto payment gateways allow you to choose from the withdrawal options such as fiat or cryptocurrencies.  


Enable POS


The crypto payment gateways offer public, private keys and QR code for merchant wallets. You can integrate this information into your POS payment systems. This information can also be through plugins in e-commerce channels. 


Upshot!


Accepting multiple payment methods can expand your business across the globe. You must manage your portfolio in a user-friendly manner to reconcile the reports. Pick the user-friendly, intuitive accounting software to consolidate the payment transactions!

Undeniable Reasons to use cryptocurrencies for your merchandise in the upcoming days!
Have we ever thought of summer vacations for the whole world right from home? Corona has gifted us! Let’s all stay home to avoid contact with the environment and let it rest for a while!


The World Health Organization(WHO) is insisting people to avoid contact with objects which are transferred from others. The most important object that is certain in our lives is physical currency notes. Merchants are insisted to prefer digital payments than currency notes in this COVID-19 crisis. Some of the countries have quarantined the currency notes for two weeks and then transfer them for usage, to kill the toxicity of the virus. However, the unexpected, negative crises of “Black Swan” makes the investors shift their funds to stable crypto coins, which is referred to as “Gold-2.0”. 


Now, let’s figure out the undeniable reasons to utilize cryptocurrencies(Gold-2.0) for your business!


Undeniable Reasons to use cryptocurrencies


Avoids hidden charges


Fiat transactions incur huge fees on every process. Be it a fee incurred on securing our credit, debit card security charges, internet, merchant, check, minimum balance or any other process, the conventional fiat currencies take off lumps of money from our pocket. 


Crypto transactions are completely devoid of central governance. No intermediaries or third-parties take up the maintenance charges or fees for transactions. The community peers verify and approve transactions of crypto coins, and they are rewarded with the native coins for their proof-of-work. Even the best cryptocurrency payment gateways like Bitpay, Coinbase, BitcoinPay take up only 0.5-1% transaction fee, which is negotiable when compared to fiat transaction fees. 


Protects Sensitive Information


Fiat payment service providers prompt users with more personal and account information. Maintaining the consumers’ information in a centralized server is hectic, and they are vulnerable to hacks. Crypto transactions are much more simple like POS payments, and it requires only public key of the counterparty’s crypto wallet to perform transactions. 


International Utilization


Cryptocurrencies are accepted globally, and there is no need for further currency exchanges. The conventional transaction takes up 5-15 business days to process an international payment. Instead, the cross-border payments are made easier with crypto coins, and it hardly takes a negotiable timeline to complete the process. 


Mobility


Missing our wallets at home does not create a hectic day anymore. Every merchandise can be purchased with our mobile payment apps. The cryptocurrency wallets are built with NFC and POS features to enhance user-friendliness. As the crypto transactions are carried out in the decentralized network, they are much more secure. You can store the accessible amount of crypto coins in mobile wallets and the rest in cold storage wallets like hardware or paper. 


Growing Market


The benefits of cryptocurrency payment gateways are extensive for merchants and the service providers. Bitpay, being the leading crypto payment gateway processes transactions worth $1 billion. 50K+ merchants for their payment transactions have integrated Coingate. Leading brands of crypto and fiat payment providers are partnering with each other to provide intense, hybrid payment solutions. 


Final Standpoint!


The impacts of Corona Pandemic has made the cryptocurrencies as an evident asset that is stable than other investments like funds, shares, gold and deposits. The world is surprised to see the figures of BTC values as its sustaining around $7K! If you’ve invested in roller coaster volatile investments, it’s a great opportunity to invest in stable crypto coins!
Hiring a blockchain wallet development company to build your app? - Do hold and consider these things!
The blockchain and crypto space have created extensive business opportunities for entrepreneurs who are enthusiastic about app development. Blockchain, still being the novice technology for the world, the investors approach the professional blockchain wallet development company to build their software. 


As the blockchain technology is evolving, many start-ups have dived in to cater to the services. But, it is investors responsibility to pick the appropriate service provider to build the wallet app. In this blog, let me showcase you the five aspects to consider while hiring a blockchain development company! Sure, by the end of this post, you’d learn the tactics to select the best blockchain app development company!


Things to consider while hiring a blockchain wallet app development company


Size of the team


Your project cost is directly related to the size of the team you’re partnering with. Experts prefer medium-sized companies to hand over their projects. The large-sized enterprises’ quote higher costs, and moreover, they take ample time to complete the projects as they have line ups. Mid-size companies assure quality products and request for reasonable costs to complete the projects. In addition, the medium-sized enterprises hand over the deliverables at the stipulated timeline. 


Complexity


You must decide the features and complexities that your blockchain wallet app would involve. With the blockchain framework, you need to determine the configurations your software must-have. Based on the technicalities and complexities involved, you must pick the experienced team for developing your blockchain application.


Consensus mechanism


Blockchain network is governed through a consensus mechanism. You must decide on the requirements and build the application. The blockchain network can head towards achieving proof of work, proof of stake, proof of elapsed, delegated proof of concept and much more. Pick the one that suits your wallet application!


Backend


With the growing popularity of blockchain framework, there evolved new blockchain platforms that render scalability, parallel functionalities and much more. If you lack technical knowledge on the backend platforms, then do consult blockchain professionals to pick the appropriate one for your blockchain wallet app. Some of the popular blockchain platforms are Ethereum, Hyperledger Fabric, R3 Corda, BigChain DB. 


Stack


Every blockchain platform has its tools and resources. Ethereum is most popular for its intuitive programming language Solidity. Likewise, you must consider the associate tools while picking the base of the blockchain wallet application. 


Final Wrap!


You can consider the aspects mentioned above to partner with the Cryptocurrency Wallet development company and succeed in establishing the wallet software! Sure, your business would hit the community audience with innovative features and operations!

How would the world have surpassed corona pandemic with blockchain on space? - An insight to future!
Corona Pandemic is shaking the entire world in all aspects! Be it environment, health, economy or human minds; everything is at long breaks! But, this commercial break has affected the global economy, and it would take at least months or years to get back to a stable economy. 


The corona has spread over 200+ countries within a short span of time. As the provenance of this disease is based out of China, the major supplier of raw materials for industries, the world is terribly affected. The commodity transfers are on hold as the coronavirus is believed to stick on objects and could affect people from them.


In this blog, let’s chew over the impact of COVID-19 pandemic in crypto space and how the world would have faced this pandemic if the blockchain-based ecosystems are implemented!


Impact of COVID-19 pandemic on the crypto market space


Amid the economic crisis, the cryptocurrencies are still stable to an extent. The price decline of crypto coins is presumed as the major cryptocurrency transactions are based out of China. The unexpected negative scenario that affects the entire world is addressed as “Black Swan” by the experts. In this corona pandemic, the investors and traders usually swap their equities, funds to stable assets. Now, the investors shift their assets to stable crypto coins like Tether. Hence, the cryptocurrencies are moved to the category of Gold-2.0!


How would the world have faced COVID-19 if blockchain ecosystems are in existence?


Fintech sector is heading towards a paperless economy. Digital transfers are preferred for goods exchange than physical currencies by banks, merchants. Now, let’s get into the processes which would be enriched effectively with blockchain on space!


Immense traceability on the supply chain of goods


The blockchain framework helps track the provenance of drugs, foods and other products. Hence, if there are people affected by the coronavirus in the manufacturing unit, we can avoid the utilization of products. 


Rapid cross-border payments


In the lockdown of fintech industries, without any intervention of third-parties, intermediaries or employees, people can transfer money and assets across borders without any hindrances. Merchants can integrate best cryptocurrency payment gateways to accept distinct cryptos than developing customized solutions for instant remedies. 


Tracking funds


Many corporates, individuals, organizations step forward in this pandemic crises to afford donations. The people and government can trace the donations for which they are being spent. 


Upshot!


Let’s all pray the almighty to recover from this pandemic situation! Soon, the world would recover from this crisis and let’s get back to renaissance of technologies!
Best ways to Secure Your Cryptocurrency Wallet
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 Cryptocurrency 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.

Find the Best Multi Cryptocurrency Wallet Development Company
You’re here just because of the booming idea of developing your own multi-currency crypto wallet for the market. But, you must hold a minute and understand the technical stuff of developing a multi-cryptocurrency wallet so that you can pick the best team to launch your product!


Now, let’s just chit-chat about what is cryptocurrency wallet and its different types! Of course, you can pick the appropriate type of wallet for your crypto market!


What is a multi-cryptocurrency wallet?


A great new of the digital cryptocurrency world is if you’re owning or having an idea of investing in different cryptocurrencies, you can manage all the altcoins in a single roof with the multi-cryptocurrency wallet!


You’re can bang on messing up with managing multiple wallets for every cryptocurrency. “What is cryptocurrency wallet?” is the next pop which will boom on your mind if you’re new!


A cryptocurrency wallet is a piece of code snippet which stores public, private keys and exchanges data messages with the blockchain network to send and receive cryptocurrencies, real-time wallet balance. It’s mandated to possess a cryptocurrency wallet if you use any type of cryptocurrency like BTC, ETH, XLM, XRP, LTC, and 300+ cryptocurrencies. 


You must always expect ups and downs in cryptocurrency values. If you possess multiple crypto coins, it’s easier to reap profits during hypes!


How does the multi-cryptocurrency wallet transaction happen?


None of the crypto assets are of physical form. The multi-cryptocurrency wallet is nowhere different from the crypto world. The transactions of cryptocurrencies are recorded in chronological order in the blockchain network. 


If you’re holding a cryptocurrency and wanted to transfer an amount of the crypto coins to someone, you must officially transfer the ownership of the asset through digital signature to their wallet address. In order to spend the cryptocurrencies in a wallet, recipients’ private keys must comply with public address in the network. 


Once these compliances are swift, your wallet balance decreases, whereas recipients’ wallet balance increases. Note that the entire transaction is virtual and is recorded in the blockchain network which is immutable!


The transaction process of cryptocurrency is the same for all the cryptocurrencies out there. Hence, it’s easier to manage transactions of all crypto coins in a single multi-cryptocurrency wallet!


Different types of multi-cryptocurrency wallet


A multi-cryptocurrency wallet renders different kinds to store the crypto assets and access them for trading. Multi-cryptocurrency wallets fall into three major categories of software, hardware, paper. Software multi-cryptocurrency wallet splits up into desktop, mobile and online apps.


Let’s glide through software multi-cryptocurrency wallet apps and then through hardware, paper apps!


Software Multi-cryptocurrency Wallet


Software multi-cryptocurrency wallet is split up into desktop, mobile and online apps. 


Desktop wallet


If you are in need of a secure device to manage your cryptocurrencies, then a pc or desktop multi-cryptocurrency wallet suits you the best!


Desktop or PC wallets have higher security comparatively, but if they are counterfeited or some malicious activities happen, you’re lost!


Mobile wallet


Mobile multi-cryptocurrency wallets are precise and easier to use for regular transactions like our fiat mobile banking apps. The future of a multi-cryptocurrency wallet is mobile apps!


Multi-cryptocurrency wallet apps are designed in such a way that they accumulate a small amount of space!


Online wallet


The online multi-cryptocurrency wallet is similar to any government portal which is on cloud and accessible at any platform with network connectivity. 


While online wallets are easily accessible, they are vulnerable as hackers can counterfeit due to third party interventions. 


Hardware Wallets


The hardware multi-cryptocurrency wallets are distinct from the software as the private keys are maintained devices like USB, SD, SSD,  Blu-ray discs!


Once the devices with private keys are connected with PC’s having network accessibility, you’re good to go ahead with transactions of cryptocurrencies. Even though, it’s not the earliest idea, this wallet paves way for increased security on crypto coins storing them offline of vulnerabilities!


Paper Wallets


Paper multi-cryptocurrency wallets are highly secure than the digital era’s techniques. The private and public keys of the cryptocurrency wallet are stored in the form of print out.


Transferring funds from hardware or software wallet to paper wallet takes place with the help of public address shown in the printout. However, to transfer funds from paper wallets to any other crypto wallets, you must shift the required crypto coins to be transferred to a software wallet through private keys or scanning QR code in a paper wallet. Just similar to UPI apps!


Final Thoughts


By now, you would have decided which wallet is the best multi-currency crypto wallet and how it must be designed for the current market needs. Pick the NO.1 multi currency wallet development company that can serve you the best services with expertise knowledge!

3 Quick hacks to find the best cryptocurrency wallet development company!
You can find a bunch of cryptocurrency wallet development companies in the USA advertising their services over the web. But, finding the best one out of it for your requirement is not an easy-breezy task!


Gather your requirements required to develop your dream crypto wallet that is packed with features for your use. You may consider using the existing crypto wallet apps for your assets if you’re a beginner. But, reaching peaks of crypto investment is not advisable with existing apps. When you pick the crypto wallet app from a service provider, they may prompt for detailed information, and their centralized server stores your private, public keys of the app. 


However, the hacking eyes are always over to the centralized servers of assets. Beware of fraudsters!


Now, let me give a quick tip to find the best Multi cryptocurrency wallet development company that can help secure your crypto coins in sturdy cold storage!


A quick tip for finding the best crypto wallet company!


Ask your all-time friend!


Google has become the best friend of every man in the universe that can offer appropriate answers in most of the cases. You can search on your google bar to find the “best crypto wallet app development company in the USA”!


But, of course, your friend will not filter out according to your requirements on app development. It’s your choice!


Official Site


Once you pick the top 10 list, then you can peep through the official websites of those competitors. Look for the features that the company offers on its customized crypto wallet development process. 


Every company renders mandate and core features in apps. The core features must be unique, and they must be able to add on the technical aspects as per the current market trends. Filter out half of the list!


Social Media


Check out the community engagement of the company and their expertise skills. You could find blogs, posts, infographics, and many elegant designs over their social platforms. 


But, before picking your choice, you must thoroughly inspect the technical expertise of the entire team. You require a team of designers, developers, marketers, quality testers, managers to deliver your app without any security threats.  Once done with your searches, visit their work environ in person and then sign up your deal!


Final Thoughts!


Sure, these three tips might help you a lot to pick the Best multi cryptocurrency wallet development company for your requirements. 


Bonus:


Pick the company that offers hardware and software crypto wallets to store your assets. This can help you store a large number of crypto coins in cold storage and the easily accessible penny of cryptocurrencies in your mobile wallet. 


Blockchain Firm
 is one of the expert service providers of blockchain solutions. To know more about their services, do peep through their platforms!

A brief note on key features of cryptocurrency wallet- You've the bonus of security aspects too!

The world had just ruined the fiat currencies when it was introduced. When the barter system was in existence, humanity had no belief in paper currency. Similarly, when cryptocurrencies were invented way back in 2009, people ruined a lack of governance. As of now, the world celebrates cryptocurrencies for rapid processing, devoid of governance, community reconciliation, transparency, and security. 

We are in the era of digital payments. No one denies this is a digital world! Soon, we will be in the era of crypto transactions too! For making crypto coin transactions, you require a wallet. Many cryptocurrency wallet development services build customized apps for their clients. You can request customized wallets with these advanced features!


Key Features of Cryptocurrency Wallet

Multi-currency Support

Crypto investors must prefer blockchain-based wallets that support the storage and operations of popular crypto coins. The crypto market is sleepless and volatile. You may trade cryptocurrencies based on the price hikes for lucrative deals. Hence, most of the crypto traders prefer multi cryptocurrency wallets. You can integrate storage and functionalities of preferred altcoins in customized wallets from the service providers. 

Compatibility

You must pick the cryptocurrency wallet that is compatible with popular operating systems like iOS, Android, Windows, and other desktops. If you have your favorite OS other than the list specified, you must build the application in that specification. For instance, most of the cryptocurrency wallets are compatible with iOS, Android, but not with Blackberry. Your choice can be Blackberry too!

NFC Transaction

Near Field Communication(NFC) technology grabs the nearby wallet addresses of the sender or receiver to perform operations. You can opt for this feature to securely transfer the crypto coins to your peers. 

Intuitive UI

User-interface is the undeniable part of crypto wallets. Crypto space is swift and volatile. Hence, your crypto transactions must also be swifter to grab the deals. You must opt for the gliding, intuitive UI for your crypto wallet that is devoid of complex functionality. 

Denial of Duplicate transactions

Crypto wallets are now featured with denial of duplicate transactions. If the wallet receives duplicate crypto payments within a specified period, it can be denied in an automated manner. This feature helps devoid chargebacks or repayments. 

You've learned a lot on cryptocurrency wallets! Sure, I will afford you the extra bonus of security features too!

Security features

Instant Public key generation

Bitcoin Wallet Development Companies have evolved with the new security feature of public key generation for every transaction. Just like our bank transaction, one-time passcodes that are valid for several minutes, you can generate public keys of the crypto wallet. This feature of the cryptocurrency wallet prevents hackers from guessing your public key!


Fingerprint or Facial Recognition

The cryptocurrency wallets are accessible with your fingerprint and facial recognition techniques. A unique identity that can never be stolen! You can add-on the multi-factor authentication feature with distinct options in the cryptocurrency wallets!


Conclusion

Hope, you're spending your day enthusiastically by learning some of the crypto series. Make a comment on your thoughts, which would help us learn your insights!

Let's join together for another crypto discussion!


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Jon Westenberg follows

  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
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