A cryptocurrency app is a mobile application to transact cryptocurrencies and store and manage them securely. The cryptocurrency app is generally of two types, a cryptocurrency wallet and an exchange. Here, we talk about the cryptocurrency wallet app.
Since cryptocurrencies do not exist in physical form, the cryptocurrency wallet only stores the cryptographic public & private keys. When you want to transact, you simply pass on the wallet address and get it done.
Rentech Digital offers cryptocurrency app development services to help you transact and manage multiple cryptocurrencies.
Color & Typography
o Work Flow
The cryptocurrency wallet app workflow depends on the business objectives of the customer. The wallet can either be a cold or a hot wallet. It can be used to only store the cryptocurrencies or for their transactions too. Once the goal is decided, the data is analyzed and the workflow is designed accordingly.
The workflow decides the cryptocurrency wallet wireframe. The pages of the cryptocurrency wallet mobile app have to be optimally designed for an easy user interface. Also, care has to be taken in the wireframe layout to have the security features neatly designed without any glitches.
The cryptocurrency app UI design is focused on user experience. The main option for users while selecting a cryptocurrency wallet is its level of security and the ease of transactions. The placing of elements, color, typography are so selected to aid easy use without any distractions or clutter.
Frequently Asked Questions
The 12 word or the 14 word mnemonic phrase in a cryptocurrency wallet is a secret recovery phrase that helps in restoring the wallet when it is deleted or installed and logged to a new mobile device. It is a passphrase that is selected at random. These words are then converted into numbers to create a seed for recovering the data. The mnemonic passphrase is generally considered to be the second level of security in addition to the password.
The Near Field Communication feature or the NFC feature enables contactless cryptocurrency payment or exchange to currencies like dollars and euros. The NFC allows transacting payments at any retail point of sale location that accepts cryptocurrencies.
Yes, Rentech Digital offers cryptocurrency wallet development services that enable introducing the biometric feature for enhanced security. The fingerprint or the face recognition feature in the cryptocurrency wallet strengthens the security and decreases the user’s apprehension of losing coins due to security lapses.
Hot wallets are cryptocurrency wallets that are used for daily transactions. They are risky and require a high level of security since they are connected to the internet. The cold cryptocurrency wallets are stored offline and are used to hold the cryptocurrency for a longer period. They are less secure and are hack-resistant. Usually, a small percent of the cryptocurrency is stored in the hot wallet while the major portion is stored in the cold wallet. Rentech Digital offers services in both hot and cold cryptocurrency wallet development.
Yes, at Rentech Digital, we design wallets for storing multiple cryptocurrencies. Our mobile app developers have experience in developing cryptocurrency wallets that can store various cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin and Dogecoin.