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FiatGate is a cryptocurrency wallet and exchange platform that enables users to trade digital assets. It caters to both individuals and businesses seeking a secure and user-friendly solution for their cryptocurrency needs. The platform offers a white-labe...Read more about FiatGate
Stripe is a cloud-based solution that offers a varied set of unified APIs and tools that enable businesses to manage and accept payments online. Stripe handles key payment functions, such as subscriptions, storing cards and direct payouts to user bank...Read more about Stripe
Zengo sets itself apart as a self-custodial wallet, free of the usual seed phrase weaknesses. Safeguard your crypto assets, from cryptocurrencies to NFTs, using the crypto wallet where industry leading security comes as standard. Zengo's leading approach ...Read more about Zengo
PlasBit is a blockchain-based all-in-one cryptocurrency payment platform that aims to bring professional financial services to the world of cryptocurrencies. This platform enables users to store and convert their digital assets into fiat currency, making i...Read more about PlasBit
Radom serves as a crypto payment processor offering comprehensive solutions for subscriptions, invoices, and crypto payments. It is suitable for a wide range of users, from startups and developers to large corporations, who wish to incorporate Web3 payment...Read more about Radom
PAYEER is a digital payment platform. It enables users to make secure online transactions. The platform caters to individuals and businesses across various industries. It provides a convenient and reliable way to manage financial transactions....Read more about PAYEER
BoomFi is a crypto payment gateway that allows businesses to accept, send, and convert crypto payments to traditional currency across multiple blockchain networks and currencies. The platform caters to various industries, from e-commerce and software-as-a-...Read more about BoomFi
Trezor Wallet is a web-based cryptocurrency wallet, which helps traders control their funds, initiate transfers, and manage balance. The platform lets users manage transactions of a variety of digital tokens and coins, including Litecoin, Bitcoin, Monero, ...Read more about Trezor Wallet
Onez is a customizable cryptocurrency wallet designed for businesses in various industries, such as fintech, gaming, eCommerce, charity, sports, education, and fundraising. The wallet allows companies to offer cryptocurrency services to clients. Onez supp...Read more about Onez
AnCrypto is the next-generation multicurrency crypto wallet app that gives you access to a wide range of crypto assets- all in one place. We bring you the world’s first “Chat & Pay” feature to transfer crypto to anyone without using public addresses. So, f...Read more about Ancrypto
Evercode White Label Wallet is a cloud-based non-custodial solution intended for SMBs and startups looking for extended capabilities. it enables its customers to send, receive, and store digital assets. It also offers various other features such as importi...Read more about Evercode White Label Crypto Wallet
CoinsPaid is a leading payment ecosystem offering innovative crypto solutions for businesses. As an Estonia-licensed cryptocurrency services provider with over 9 years of product expertise, CoinsPaid aims to meet the everyday needs of the world using crypt...Read more about CoinsPaid
NEObank software is an application development software tailored for the adaptable deployment of digital banking applications. This platform is distinguished by its customizable user interface, a broad range of integration capabilities, and a dynamic, effi...Read more about NEObank software
Venly is a blockchain technology provider that creates tools and products to help companies benefit from blockchain technology. We provide a complete technology stack to bring brands, apps, games and platforms into Web3. We help businesses integrate Web3 t...Read more about Venly
The OKX Wallet is the best-in-class multi-chain, self-custody wallet that allows you to buy, trade, earn and manage your digital assets. Secure: Complete control of your crypto, keys, and data – exclusive access to your funds; choose what to share and wha...Read more about OKX Wallet
MyEtherWallet is a cryptocurrency wallet that helps organizations generate wallets, manage contracts and interact with the Ethereum blockchain. It is an open-source application, which allows users to monitor and manage domains and collectibles on a unified...Read more about MyEtherWallet
Electrum is a bitcoin wallet that helps businesses process cryptocurrencies across websites. It enables merchants to verify online transactions, accept payments and secure data from malware or virus attacks through two-factor authentication (2FA) capabilit...Read more about Electrum
BitGo provides the most secure and scalable wallet solutions for the digital asset economy, offering regulated custody, staking and trading, and core infrastructure to investors and builders alike. Founded in 2013, BitGo pioneered the multi-signature wal...Read more about Bitgo
BRD is a web-based cryptocurrency wallet that helps traders exchange cryptocurrencies, control funds and monitor transactions. The application allows users to transfer a variety of digital currencies including Ethereum (ETH), Bitcoin (BTC), ERC20 tokens, B...Read more about BRD
CoinStats is a free application that lets users keep track of their cryptocurrency investments. CoinStats is a free application that lets users keep track of their cryptocurrency investments and portfolios over time. Designed to be easy-to-use and powerful...Read more about CoinStats
Ember Fund is a managed cryptocurrency wallet app that allows users to retain control of all their assets. Ember Fund is a non-custodial wallet system that can secure cryptocurrency assets without having full control over all assets. Ember Fund searches 8+...Read more about Ember Fund
Jaxx is a cryptocurrency management platform that comes with mobile wallets, digital currency exchanges, and pricing comparisons. The wallet provides real time pricing data, which allows users to follow trends, analyze prices, and compare price changes for...Read more about Jaxx Liberty
Meld is an orchestration solution that helps developers manage fintech integrations across multiple domains through integration. With product stacks in the bank linking, cryptocurrency, and fiat payments domains, the platform's application programming inte...Read more about Meld
Netcoins is a cryptocurrency trading platform that allows users to buy and sell different cryptocurrencies. The target market is cryptocurrency traders and investors who want an easy way to trade digital assets. Netcoins offers several key features that ca...Read more about Netcoins
Full-featured platform to build and run Blockchain-powered Web3 Apps and grow your business with no monthly fees. All-in-one solution for your business with intuitive technology and tools to deploy a cloud-based distributed Blockchain application with ric...Read more about omniChain
This detailed guide will help you find and buy the right cryptocurrency wallets software for you and your business.
Last Updated on March 16, 2023We are living in a digital era, where it's not just our files and documents that are stored digitally, but our money can be stored digitally as well! So how can we store digital currency securely?
If you are a financial professional in any business and you buy digital currency on any platform such as a trading platform or exchange, you may have multiple options to store it. For instance, you may have the option to leave the “keys” to your coins within the account, but you also have an option to move your digital currency to a personal wallet known as a cryptocurrency wallet. Cryptocurrency is digital currency, secured by cryptography, which resides on decentralized networks based on blockchain technology.
Cryptocurrency wallets such as Bitcoin wallets are personal wallets. Crypto-wallets provide users with a digital solution for securely storing and managing blockchain assets and currencies. These digital wallets could be of different types such as paper wallet, custodial wallet, internet-connected software wallet (web wallet) or an offline hardware-based wallet, also known as a cold-storage wallet.
In this buyer's guide, we’ll explain what a cryptocurrency wallet is, its common features, its benefits, selection considerations, and the latest trends that software buyers should not overlook.
Here's what we'll cover:
A cryptocurrency wallet is a software program that helps businesses securely purchase, store, sell and manage various cryptocurrencies and blockchain assets. These digital wallets allow users to spend, receive, trade, and manage cryptocurrencies.
A crypto-wallet does not physically store blockchain assets. Instead, crypto-wallets securely store public keys as well as private keys that authenticate the ownership of your digital money and allow you to make crypto-transactions. Public keys point to the address of your funds on the currency’s blockchain and are shared when you wish to receive payments. On the other hand, private keys are unique to an individual’s cryptocurrency wallet, which are never shared, and are required to conduct any transactions related to their cryptocurrency assets.
While many crypto-wallets allow users to hold multiple currencies such as Bitcoin, Ethereum, and Dogecoin, others will only support a single cryptocurrency. Crypto-wallet solutions ensure that the cryptocurrency owner is the only entity who can access the funds by requiring elaborate passwords and other security measures. Users can access cryptocurrency wallets from their smartphones as well as computers.
Cryptocurrency wallets can be utilized by multiple businesses accepting payments through cryptocurrency payment gateways to securely store or exchange blockchain assets.
Cryptocurrency sending and receiving in Electrum Software (Source)
Below are some common features in a cryptocurrency wallet software that prospective buyers should not ignore:
Cryptocurrency sending and receiving | Send and receive digital currencies such as cryptocurrency using a digital wallet. |
Cryptocurrency storage | Store public and private keys for your digital currency. |
Real-time reporting | Metrics on all the transactions involving cryptocurrency in real time. |
Cryptocurrency exchange | Sell or buy digital currency or convert fiat currency into digital currency using a crypto-exchange website or service. |
Data security | Security measures to ensure that private keys are only accessed by the owner of the cryptocurrency assets. |
Multi-coin support | Support and store more than one crypto-asset in the digital wallet. |
Transaction history | Store history of each and every crypto-transaction pointing to where the cryptocurrency was first produced. |
Transaction management | Manage crypto-transactions such as amount transferred, issuer’s available funds, recipients, and more. |
Before evaluating crypto-wallet software, it is recommended to determine your use case:
Retailers: Many online retailers and stores are already accepting cryptocurrencies such as Bitcoin. Retailers can invest in cryptocurrency wallets that allow users to shop using digital currency. It can help them in certain ways such as online payment with digital coins, payment of wages, and secure international transfers.
Banking: While in many regions economies are still largely cash-driven and people cannot afford to pay for transportation to visit banks for registration, the number of those who have access to mobile phones is increasing. Thus, using a crypto-wallet to transfer digital currency, which is independent of traditional banks, is proving to be a viable option for people. Banks can use cryptocurrency wallets such as Bitcoin wallet for a number of operations such as processing payments, providing escrow services, facilitating international cash transactions, helping customers exchange their money for coins, and even lending loans in the currency.
Ecommerce business: An ecommerce business can invest in crypto-wallets with good transaction management. Customers can visit their online marketplace, purchase items, and make payments in the form of digital currency.
Here are the key benefits of a crypto-wallet:
Bigger-picture solution: Cryptocurrency wallets are becoming increasingly reliable as a method to store and manage digital currencies. Investing in cryptocurrency wallets can be a long-term solution for investment and expenditure both, allowing global transactions to take place more easily in the long run.
No struggle with currency conversion: With your digital currency stored in cryptocurrency wallets, you can skip the hassle of having to receive and convert your digital currencies at different stages, in different geographical locations. In addition, there is no delay in receiving payments and there are also no fees to pay. It saves money, time, and calculation.
Secure financial transactions: Blockchain-based cryptocurrency wallets come with reliable infrastructure that help people and businesses make easy transactions. These crypto-wallets have the same interface throughout and are in sync with data that is then replicated in the same way all over the access area. In addition, the chances of transactions collapsing with blockchain technology are also extremely rare, which makes them a reliable and dependable program to use for cryptocurrency storage.
Multiple coin options: Invest in a well-established crypto-wallet software that lets you hold multiple kinds of coins. While Bitcoin may be the best-known digital coin available on the crypto-market, it is far from the only one. Since there are many coins to choose from, each of which come with its unique features, it becomes important to look out for a wallet provider that supports coins of your interest.
Security: The overall security of a crypto-wallet is something that you should not ignore. When you or your customers invest money in a digital coin, you will want to know that it is protected and encrypted. Investing in a secure crypto-wallet will make sure that you know your data, information, and access to your investment are properly safeguarded. Crypto-wallets come with features such as a secure sign-in process that will require you to provide a dedicated password and an encrypted user ID. This can help to ensure that people are not able to access your account unless you want them to be able to do so.
Support system: When you have invested your money digitally, it can be stressful if you don’t know how to manage it. However, your concerns will be set aside if there is a dedicated service that you can receive from the support team. Make sure that the crypto-wallet provider has a dedicated support team that works to ensure that you understand all of the features, are able to access your account at all times, and have any questions answered.
Note: The application selected in this guide is an example to show a feature in context and is not intended as an endorsement or recommendation. It has been taken from sources believed to be reliable at the time of publication.