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Cryptocurrency

How Much Does it Cost to Develop a Bitcoin Wallet App like Coinbase?

written by admin | Apr 23, 2020
How Much Does it Cost to Develop a Bitcoin Wallet App like Coinbase

Bitcoin is the main topic of the finance industry, it has become the headlines of the newspapers. It has been noticed that there is a huge demand for the bitcoin app and it is considered as a revolution in the finance industry. Many bitcoin apps have marked its remarkable presence to all over the world like Blockchain.info, Electrum, Airbitz, Bread, Copay, BitPay, Ledger, or Paper wallet, which allow people to purchase and sell the bitcoins in a secure manner. Among Bitcoin wallet app coinbase is the best and most popular app, it enables users to buy and sell the cryptocurrency.

Whereas you have surely noticed that the demand in the play store as well as an app store also there is a high demand for this app. It is a great sign of bitcoin fever across the world. Recently this app has announced new announcements.

Coinbase doesn’t act for the crypto but it also works for the best digital currency exchanges through which users can exchange the digital currencies. Apps like coinbase are the demand of society so If you are looking to develop this app some features are essential.

Important features to include in crypto wallet apps:

crypto wallet apps

1 It has to be secure: 

When it comes to crypto transactions, it needs high security so that customers are able to perform monetary transactions through it. This newfangled technology is fully safe to choose by different business owners and industrial owners. Our blockchain development services help business owners to make payments easily to any part of the world. For enhanced safety of crypto softwares, it requires adding just a little information before proceeding with the transactions. Unlike bank transfers, it requires details. 

2 Rate of conversion also matters:

We create feature-rich bitcoin wallet apps which can be easily converted in any type of foreign currency. Cryptocurrency technology is used by businessmen around the globe. Therefore, it should have plain-sailing methods of currency conversion to make the task of businessmen easier. You must choose the IT company to develop bitcoin exchange software as per your requirement. This particular feature offers ease of transferring the money from one country to another in the blink of an eye. 

3 Transaction process must be simpler:

The functioning of digital transactions must be like a cakewalk so that it saves people’s time. Moreover, the main purpose of bitcoin exchange software is to enable the industrial owners to carry out the online transactions without any hassle. This is the reason why this cutting-edge technology is taking the world by storm. Transacting money through crypto wallet must be carried out smoothly. The icing on the cake is that crypto transactions do not involve hacking. The entrepreneurs prefer this mode of transaction because it is done at the speed of light. 

4 The entire process of registration and authorization must be simple: 

It is the most important factor to include in a bitcoin wallet app. In this part of the application, the users add required details with which they are then able to start using the crypto exchange. You must select the cryptocurrency development who develop the application with high-security in this particular part of authorizing and registration. The top-notch method is to register an application by using a Google account so that it takes very less time. By adding two-step verification in your application, it will lead to making secure and safe payment without any hassle.

5 Different notifications that can be checked through just a few clicks: 

Another essential factor to include in the crypto application is the quick notification so that a user can know about the status of their activities in just a few simple procedures or steps. A user will be able to know about the money received or paid through the notification in the crypto application. This feature will also enable the user to know about the transaction status in simple steps. We create bitcoin MLM software that helps business owners to transfer payment from one country to another. 

6 Scanning of paper bitcoin:

Another essential feature to include in bitcoin wallet apps like coinbase, is to include the ease of scanning paper bitcoin for money transfer from one place to another. Once the user is done with the scanning of prescribed code then a particular key must be inserted in the wallet which in turn helps to carry out the transaction conveniently. The best part about cryptocurrency is that it requires the addition of very less details of the user. This saves much of the user’s time for using the crypto in making monetary transactions of paying or receiving the money from one country to another. This eventually makes the crypto market highly admired by business owners worldwide.

Cost incurred in the development of bitcoin wallet app like coinbase: 

With the rising trend of blockchain technology, it can be seen that bitcoin wallet and crypto wallet app development will increase at a rapid pace. These 2 kinds of applications function with blockchain technology. Bitcoin is nothing but a form of digital currency developed by notes or coins. This cutting-edge technology enables you to carry out the monetary transactions in simple steps. It is a secure method of paying or receiving money from any part of this world. By using the bitcoin wallet app, you are also able to transact in cryptocurrency without any hassle. Even the customers can easily make use of bitcoin wallet apps for making payment after buying services or products of different businesses. 

Well, when it comes to developing bitcoin wallet apps like coinbase, the pricing depends on the features included to create that particular blockchain application. Moreover, the type of coins you wish to have in your wallet app is also a factor that defines the cost of creating a bitcoin wallet app like coinbase. Looking at the features of the app, the costing comes to around $4000-$19000.

The overall costing also solely depends on the platform and programming language used for developing such kinds of apps for different clients worldwide. You need to carry out thorough research before you single out the blockchain development company for your wallet app. 

Common Features which are essential for the App Like Coinbase

app like Coinbase

Allow People to Buy and Sell Cryptocurrency Easily: The first and foremost step is that you provide the service to buy and sell the bitcoin. People should not be a hassle to deal with it and without any fear, they should link their credit and debit card with the app make it that much secure.

Updation on the price of Bitcoin & Ether: Another important functionality that you have to include in your app is to update your viewers with the prices of Bitcoin and Ether. So, at the time of selling and purchasing the bitcoin viewers can once check the price. So make sure you should give them the real prices.

Flawlessly Exchange of Cryptocurrency: Allow your viewers to deal in various cryptocurrencies, no matter what cryptocurrencies they support and in which they want to deal it could be convertible.

Record of transactions: Your viewers can easily check the records and transactions so they don’t have to remember the records and history should not be from the beginning it should be they can easily find the transaction in which they are in need of.

Notifications and Alerts: This is an essential feature, so your customers should not miss an opportunity for your best offers and if your customers are trading at the crypto or prices so provide them with that also in the notification form.

Customer Support: You should provide a feature of customer support, so your customers can contact you anytime and clear their issues with you. It is essential.

Conclusion

These features are really essential for your app if you are looking at the clone of coin case app, so contact BR Softech, the best web and app development company in the world. A cryptocurrency startup that lets users earn crypto-currencies for answering emails & completing their tasks.

admin

I am the admin of BR Softech PVT LTD - an Award-winning App, Game & Blockchain development company. My thesis is to work with hard-bit and get the best Exposure. I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.

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