Let’s break down the price of crypto wallet development

But first, let’s talk about the reasons behind the total estimate. Crypto wallets can be loaded with different features or only have one. So it really depends on what you are looking for specifically.

1. Multi-Currency Support

Imagine your wallet as a melting pot for digital currencies, a haven for users managing a kaleidoscope of assets. But with this versatility comes a symphony of complexity. Integrating multiple cryptocurrencies is akin to conducting a harmonious orchestra, but it doesn’t come without a cost. This feature, as diverse as the currencies it supports, can tip the development scales anywhere from $10,000 to $50,000, depending on the crypto diversity.

2. Two-Factor Authentication (2FA)

In the realm of crypto, security is the guardian at the gate. Two-factor authentication stands as a stalwart defender, demanding an extra layer of effort. It’s like adding an intricate lock to a treasure chest, ensuring a seamless but fortified user experience. This security jewel, while invaluable, adds a financial layer of around $5,000 to $15,000 to your development quest.

3. User Interface (UI) and User Experience (UX)

Visualize your wallet as a piece of art—an intuitive masterpiece that beckons users with its design. Crafting an interface that is both visually stunning and user-friendly demands the brushstrokes of meticulous design and development. Your wallet’s aesthetic prowess, ranging from $15,000 to $40,000, is an investment in the emotional connection users forge with your creation.

4. Integration with Exchanges

Now, envision your wallet as a hub of possibilities, seamlessly connected to cryptocurrency exchanges. Trading within the wallet becomes a breeze, but this integration journey isn’t without its twists and turns. The cost of this groundbreaking feature is a financial expedition, ranging from an additional $20,000 to $50,000—a gateway to a comprehensive platform.

5. Security Measures

Biometric authentication, encryption, and secure key storage are the armor that fortifies your wallet against digital adversaries. Yet, such advanced protection comes at a cost. The investment in top-tier security measures varies from $20,000 to $60,000, a price for the impenetrable shield your wallet wears.

The Bottom Line

So here you have it. Building a crypto wallet from scratch might be, in fact, pricey. Consider this – you are paying for features and for hiring a whole development team. That is why we would recommend white label crypto wallet. You can choose features and design it however you like. And the price would vary from $20,000 to infinity and beyond! Don’t worry though. Most of times companies don’t need a fully packed crypto wallet. Also, you can buy a simple solution and add complexity in the future.