According to the latest survey, the total amount of investment in buying white label digital wallets will exceed from $5.5 trillion in 2020 to $10 trillion in 2025. This dramatic growth of digital asset wallets has encouraged enterprises to buy white label bitcoin wallet software and quickly enter the crypto market.
Growth drivers of bitcoin wallet:
One of the main reasons for the growth of bitcoin wallet in 2021 is the acceptance of digital assets and blockchain globally. The increasing recognition and adoption of cryptocurrency are contributing to the rise in the usability of cryptocurrency wallets.
Another important factor is the rise of greater security features in the cryptocurrency wallets, such as Trezor or Ledger. There are also multifarious software applications that have improved daily usabilities such as Exodus, Jaxx, and Electrum.
The availability of robust features that allow digital asset users to buy and exchange cryptocurrency from the app is yet another growth driver. Most of the wallets are supporting Ethereum (ETH) and Bitcoin Core (BTC).
If you also want to develop your own digital wallet to improve your business growth, then white label cryptocurrency wallet development is an ideal option for you.
How a white label solution is better than building a wallet from scratch?
A white label software solution is better due to the following reasons:
1) Reduced development time
2) Reduced development cost
3) Easy scalability
Factors to look for
You may find wallet development companies offering a lot of fancy features, many of which you may not even actually be required. Getting these features will only shoot up your development cost. In the initial phase of your business, limit yourself to essential features and you can leave the rest for the next phase.
Some important features to seek in white label bitcoin wallet software include cross-platform compatibility, native support for multiple coins, in-chat transactions, high-level security, easy portfolio management, ease-of-use, and more.
For security
Security is of the utmost importance. Users always wish to have a secure platform to keep their cryptocurrency safe. Our white label cryptocurrency wallet is integrated with the best features to offer multi-layer security. Besides the basic security features like biometric authentication, two-factor authentication, password-protected access, and optimal session logout, we have harnessed multi-signature technology to add an extra layer of security to the wallet.
For sending and receiving
The best wallet is the one that provides an easy interface for sending and receiving cryptocurrencies. Our crypto-wallet not only offers an intuitive interface but also allows easy management of user portfolio by providing a real-time view of transactions. The home screen can be tailor-made as per the users’ convenience.
For easy wallet recovery
We have crafted our white label cryptocurrency wallet while ensuring easy wallet recovery in the event of loss or breakdown of the device on which the wallet is installed. We have incorporated a 12-word mnemonic phrase to ensure hassle-free wallet recovery.
To Sum Up
Our subject matter experts and blockchain developers work together to identify the right features of a secure, user-friendly wallet and integrate the same into the wallet. Our white label crypto wallet software, with market-ready back-end, easy-to-customize front-end, and advanced features for best-in-class security and performance, is an ideal solution for anyone looking to quickly launch their cryptocurrency wallet into the market.
If you are planning to tap into the crypto market with your wallet, embrace our white label wallet solution to act quickly and gain an essential competitive edge.
Schedule a free demo of our white label wallet or contact our experts to share your business needs for a custom wallet to be built from scratch.
