Businesses choose a white-label cryptocurrency wallet solution to hasten implementation while developing cryptocurrency wallets. A white-label solution is a finished solution with a back end ready for the market. The software may be immediately introduced to the market under a brand name and its front end is easily customizable to meet a company’s branding requirements.
So, if you want to develop your crypto wallet swiftly, using a white-label software solution is a great choice.
We can learn about the top 5 unique benefits of developing a crypto wallet in this blog.
Why is a white-label cryptocurrency wallet better?
Cryptocurrency wallets are better for a variety of reasons, including:
- less expensive development
- shorter development period
- easily scalable
Benefits of White Label Crypto Wallet Development Solution
A white-label solution is the best choice whether you create a custodial or non-custodial wallet, also known as a DeFi crypto wallet. The advantages of wallet development are listed below.
1. Extremely Secure
Suitable security measures can be added to the crypto wallet to strengthen its security, like two-factor authentication (2FA), biometric authentication, password-protected access, and others.
2. Increased Transparency
If it is a public blockchain, then anyone can view the transaction because all blockchain transactions are recorded in the ledger. The trust of users of crypto wallets is growing daily as a result of decrease in fraudulent activities and an increase in transparency.
3. Extremely Reliable
As a decentralized ledger with distributed nodes, blockchain is a robust infrastructure. Crypto wallet nodes built on the blockchain are in sync with one another, ensuring that the same information or data is copied over many devices.
If someone manages to break into the blockchain and tries to edit a transaction, he will need to change every block that came before it in order to get the consensus algorithm to work.
4. Suitable for use
Many cryptocurrencies can be used on the white-label crypto wallet, which is a standalone platform. You may store several cryptocurrencies effectively with Multiple compatible addresses.
Conclusion
Our decentralized white label bitcoin wallet service at Corum8 is enhanced with industry-leading features including multicurrency support, biometric authentication, and two-factor.
Additionally, we specialize in creating unique DeFi crypto wallets from scratch.
To discuss your needs for a unique wallet, schedule a free demonstration of our white-label cryptocurrency wallet.
Get in touch with Corum8