With the increasing usage of cryptocurrency, the requirement for wallet apps is also going up. However, the process of hiring a wallet app developer or getting an off-the-rack piece has not gotten very easy. There are many reasons behind that, to start with, the increasing number of coins confuse the makers as to which one needs to be included and excluded. Other than that, the technology is still evolving and we all want something better, so many are just waiting for the right time to indulge in crypto trading.
But this doesn’t stop the service providers and developers to try to serve the existing and prospective users with the best using technology available so far. That’s why it becomes necessary for us to discuss the benefits that you get from using the emerging domain of cryptocurrency wallet development. It has also become quite easier to hire cryptocurrency wallet developers and drive the whole process even when it is handled offshore.
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Here are 10 benefits of crypto wallet apps for which they are highly useful:
1. 2-Step Authentication
Probably the best feature for ensuring the security of your assets. This feature has actually become ubiquitous in almost every service which requires an account and password. Using the same, cryptocurrencies have also been secured to the hilt. An app-enabled with this particular feature assures you that no one else can access your digital assets. It streamlines the whole working of your wallet and makes it much more secure than you can imagine.
2. Conversion Rates
Another feature that makes this app entirely indispensable. With this feature, you can get the latest rates of all the coins and plan your trading according to the market trends. It makes your trading secure in every manner by telling the precise rates of every coin that is being circulated in various exchanges. It brings ease and management into your trading by helping you schedule your purchase and sale.
3. QR Code Scanner
You don’t need to worry about signing in to a website or any other portal using your login information. With this attribute, you can easily go about buying and selling cryptos without having to worry about leaving your credentials that could be used without your consent. It does not just secure your transactions, it also prevents you from falling into fraudulent plots. This feature can be easily integrated into the platform if you want it from the developer.
4. Push Notifications
Something that reminds you every time you make a transaction and tells you exactly how much you are left with. Like the other essential features, this one also made its place firm in all the crypto wallets. That’s because it also alerts the customers if their wallet is being used by another person without their acknowledgment. It is very useful when you want to keep track of all transactions that you frequently make and want to know the exact status of your wallet.
5. Transaction History
In case you want the full description of all the transactions you made in previous months, this feature makes it possible. Using this, you check how many coins you have sold or bought in the past few months. It is actually very helpful for many other reasons as well, it also helps you strategize as you can track the past market trends by checking all the transactions in the past. It really gives you a leg up in trading by making you efficient in every way.
6. Automatic Session Logout
What if you forget to close the application and someone else gets access to your phone? You obviously don’t want all the information of your wallet getting disclosed to another person. That makes this particular feature very useful for every single trader and assures them of the uncompromising level of security. The best thing about it is, you can also set the time at which you want the session to be logged out on its own.
7. Wallet Backup
How can you even imagine working without a potential backup in the wallet? The developers who have been working on this technology for a while now, know that it is an integral part of the application. Therefore, if you look for a crypto wallet for your business, choosing the one that comes with a large volume of backup that you could count on is recommended. It gives a sense of assurance that you will never lose the data which is very important to you.
Also Read : How to Develop Multi Currency Mobile Wallet?
8. Merchant Services
There are wallets that could do much more than just storing your digital asset and gives you much more than you need. With this particular feature, you can engage in trading as well, in a way, your wallet also functions as a trading platform. You can about finding buyers and sellers for the tokens that you have stored for every long. It also gives you other updates like how many coins are in circulation and the potential ones that you could trade.
9. Auto Denial of Duplicate Payments
Those who trade frequently will find this feature very useful because placing duplicate payments becomes one of the major issues. This is the best way to get rid of this issue which has been existing from the very beginning. The duplicate entries are automatically deleted in the wallet and it simplifies the trade for everyone. Apps that are enabled with this feature are highly resistant to errors and omissions that bother frequent traders on a daily basis.
10. Auto-Populating Addresses
If you are using multiple addresses, this feature is more useful than you can imagine. You won’t have to fill in the entire email address every time you switch to another account. It would automatically be populated making your job easier and quicker. We all use different accounts now for various reasons and it becomes very tedious to log out from one and log in with another, therefore, this feature makes this frequent switching very feasible for traders.
Why hire cryptocurrency wallet developers?
By hiring a professional, you ensure that you get exactly what you want. They can take care of all the specs that you want to be integrated into your wallet application. With such a team of developers, you can create a befitting platform for thousands of crypto users. There are companies as well from where you can get such experts as a dedicated resource. Once you have a perfect mechanism to offer, you can then launch your wallet and it would surely get much more attention than you expect.
They make it possible for you to integrate the most cutting-edge solutions which would bring ease into the application. There are actually much bigger changes that you bring into the functioning of your wallet. All the benefits aforementioned can be included into your own wallet provided, you need a well-versed professional to do that. Coin Developer India is one such service provider that can make things possible for you with an entire team of developers who could deliver an exemplary platform that could boost your business. You can hire an expert from us by paying just 20$-30$ per hour.
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