Why Should Crypto Giants Invest in White Label Web3 Crypto Wallet Solutions in 2023?

The crypto world welcomes investors or entrepreneurs with innumerable opportunities. All thanks to the several ease this crypto ecosystem offers, spanning from quick and easy payments to innovative financial services. Such perks helped this more commonly accepted asset to go mainstream and helped individuals and businesses to flourish in the constantly evolving marketplace.

According to a report, the market size for cryptocurrency will reach $1087.7 million by 2026. 

We can say cryptocurrency can be the future of money. At the same time, such digital assets need a wallet to hold public and private keys. If you’re already a part of the cryptocurrency ecosystem, you might own a crypto wallet. 

Today, several businesses introduce their feature-rich wallets to beat the market competition. One of the most popular crypto wallets is a White Label Crypto Wallet that has already been a buzzword in recent years. 

Witness the significance of white label web3 crypto wallet solutions, storing your assets in this secure avenue. Let’s learn more about this concept and know how this wallet solution can benefit your business. 

First, let’s skim through the basics.

What are Crypto Wallets?

If you think crypto wallets hold cryptocurrencies, you might be one of the many believing the same popular belief. Crypto wallets can only hold your public or private keys used to buy cryptocurrencies like Bitcoin and Ethereum and provide digital signatures for each transaction authorization. 

Crypto wallets can be of any type, ranging from hardware wallets to mobile applications wallets or even paper wallets. Choosing the right wallet type depends completely on individual trading needs. You can use these wallets for daily purchases, holding assets, and tokens.

What is White Label Crypto Wallet?

Developed and deployed by a third-party company, but bought by another company for rebranding, the white label crypto wallet provides businesses with an efficient, fast, secure, and cost-effective way to launch their own crypto wallets without building them from scratch. Saying precisely, white label web3 wallet is ready-to-use crypto wallets that companies can buy to rebrand and use as their own. 

Such web3 crypto wallet solutions can be easily customized as per the business requirements. Businesses can make a mark in the world of cryptocurrency with these wallets having the potential to manage crypto and other digital assets in the most reliable and user-friendly way. 

Benefits of White Label Web3 Crypto Wallet Solutions

Why should you go for the white label web3 crypto wallet solutions development? We have covered the top benefits of using this incredible digital assets storage system. Check it out-

• Increased Transparency: In the case of a public blockchain, one can view the transaction recorded in the ledger. Such transparency reduces fraudulent activities and builds the user’s trust. 
• Suitable for Use: Using a white label web3 wallet is easy. You can store several cryptocurrencies and other digital assets each having its own address.
• Secure: The white label crypto wallet allows you to add suitable security measures, such as biometric authentication, two-factor authentication (2FA), passwords, and more, to make it extremely secure.
• Reliable: As we know, blockchain is a decentralized ledger with distributed nodes. The white label crypto wallets are in sync with one another that ensure the same information is shared or copied over many devices. If anyone breaks the blockchain and endeavors to edit the transaction, one has to change every block, which is arduous. Hence, such wallets on the blockchain are reliable. 

Features to Include in a White Label Crypto Wallet 

First, research user expectations and focus on features- robust security, uncomplicated user interface, etc., while creating your own while-label web3 crypto wallet solutions. Focusing on different features helps make your wallet distinctive from others. Make sure you have included these features-

• Multi-chain and Multi-currency Compatibility: The white label crypto wallet you are creating should support blockchains and their tokens as well as currencies.
• Biometric Authentication: Fingerprints, face recognition, or other biometric recognition methods make digital transactions or payments more secure. Make sure your crypto wallets embrace such features.
• EVM Compatibility: The white label crypto wallet should be EVM-compatible as it helps interact with Ethereum-based dApps and platforms and other EVM-compatible platforms. 
• Ledger Support: It must possess compatibility with cold or hardware wallets that helps users to store their private keys offline.
• Multi-platform Support: If your wallet is in the mobile app or software form, it should be compatible with multiple platforms like iOS, Android, and desktop.
• Web3 Integration: The white label web3 wallet solutions must include features that support seamless integration with other dApps and Web3 platforms.
• ERC-20/ERC-721 Support: Wallets supporting ERC-20 or ERC-721 token standards enable users to send and receive fungible and non-fungible or NFT tokens and track their status.

Let Antier Work on Your White Label Web3 Wallet 

Today, businesses are developing white label web3 wallet solutions to cut down their extra expenses and save more money. Because such wallets are market-ready products, they do not have to invest in hiring developers to build them from scratch. The customization in such wallets is also convenient. You can customize it as per the business needs. 

Antier can help you leverage the white label web3 wallet advantages. The experts here know how to decode the market opportunities with such wallets and rule the crypto world.