One of the key points for any business is the opportunity to develop and expand its capabilities, especially in terms of functionality. In our articles, we often focus on one of the most versatile and adaptive products for the Web3 sphere – white label crypto wallets.
But one essential question faces every blockchain project: should you integrate a crypto wallet into your Web3 app? The short answer: absolutely, but only if you do it right.
In this article, we’ll explain why integrating a white label crypto wallet can unlock user adoption, improve UX, and open up monetization opportunities for your Web3 platform.
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Why a Crypto Wallet Is Crucial for Web3 Apps
In the decentralized web, crypto wallets are not just storage tools; they have a more serious role in the product ecosystem. They’re gateways to user interaction: from signing smart contracts to accessing DeFi protocols or buying NFTs, wallets are essential to participation.
Here’s why your Web3 project should consider a native white label crypto wallet integration:
- Frictionless Onboarding: A built-in wallet streamlines the user journey. Users stay within your ecosystem without switching apps or downloading extensions.
- Better Security & Trust: When users manage assets directly through your app, you reduce reliance on third-party plugins, improving trust.
- Enhanced Monetization: Wallets open paths to monetize via features like staking, transaction cashback, virtual cards, and premium features.
What Should Be Considered When Developing a Crypto Wallet
L1 vs L2 Compatibility
Your wallet must support both Layer 1 (e.g., Ethereum, BNB Chain) and Layer 2 networks (like Arbitrum or Optimism) to ensure scalability and low gas fees. More about L1 and L2 you can read in the latest article.
Layer 1 vs Layer 2: Key Differences
- Scalability: Layer 2 wins with higher throughput and lower transaction costs.
- Security: Layer 1 provides more robust, native security. But Layer 2 keeps the security level of the base layer.
- Interoperability: Many Layer 2 solutions are designed to be EVM-compatible, making them easier to integrate with Ethereum-based tools.
Custodial vs Non-Custodial
The next step is to identify a wallet type.
By custodial wallet, we understand a type of crypto wallet where a third party holds and manages your private keys. So, the user doesn’t need to remember the keys, but at the same time, it means the user doesn’t have full control of the crypto assets – the custodian does.
A non-custodial wallet puts users in control – a core value of Web3. No third party can access your wallet or recover your funds if you lose your private keys.
The right choice largely depends on your investment goals, risk tolerance, and technical knowledge.
Monetization Features Built In
Coming for one of the most interesting parts. Integrating a crypto wallet isn’t just about usability. It’s a powerful business tool.
If you’ve decided to integrate a crypto wallet into your Web3 app, make sure it doesn’t just serve as a utility. Make it a revenue engine, because in today’s competitive market situation, monetizing your wallet is crucial for sustainable growth. The types of monetization can include:
- Token swaps & staking tools;
- Cashback from transactions;
- Affiliate integrations;
- Premium features;
- Virtual cards & on/off ramps.
Who Should Integrate a Crypto Wallet?
But, coming to the topic question, what answer can we give to you? As we believe, if your Web3 product requires any user interaction with blockchain assets, smart contracts, or tokenized economies, integrating a crypto wallet is essential. This is suitable for:
- DeFi platforms: for lending, borrowing, staking, and yield farming.
- NFT marketplaces: for buying, selling, or minting digital collectibles.
- Play-to-Earn and Play-to-Own games: for managing in-game assets and rewards.
- DAOs and governance apps: for seamless proposal voting and token-based access control.
- Crypto exchanges or onramp platforms: for simplified asset transfers.
Looking to integrate a white label crypto wallet into your Web3 app? Explore Evercode Lab’s modular, customizable crypto wallet solution today – contact us now to discuss everything in detail face-to-face.