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During the 19th century, over 50 major gold rushes occurred. Out of hundreds of thousands of prospectors, only a few got rich. The true winners were those who sold tools and commodities and built infrastructure around them.
Railroad tycoons, Levi Strauss, and other local businesses flourished on top of those who were simply mining.
The cryptocurrency market has undergone a similar sequence of events. There were amateur miners first. Then, professional Chinese mining farms spawned when mining difficulty was raised. They were the first Bitcoin evangelists and the first market collapse.
Now, when a lot of new coins appear, it becomes more and more obvious that the true profitability of the industry lies in services around it. Some primitive services like blogs, theme websites, bitcoin exchanges, and vaults are already discovered and generate revenues for their owners. But there is more sophisticated cryptocurrency software that is waiting to be created.
The Best Cryptocurrency Startup Business Ideas For 2018
We’ve already examined blockchain applications for the corporate world, and you’ve probably heard of Xapo, a Bitcoin vault in Switzerland that stores “millions” of dollars worth of cryptocurrency. Now’s the time to look at the more complex cryptocurrency apps that we’ve researched.
Choosing the Best App for Crypto Trading and Management
Managing cryptocurrency requires a reliable, secure, and user-friendly platform. Best Wallet would stand out as a versatile solution, offering seamless trading, portfolio management, and market insights. Whether you’re buying, selling, or swapping digital assets, it provides a streamlined experience while maintaining full control over your funds.
Key Features of the Best Wallet for Cryptocurrency Management
Best Wallet would simplify management with support for thousands of cryptocurrencies across 50+ blockchains. As a non-custodial wallet, it ensures that users retain full ownership of their private keys while providing an intuitive interface for transactions. Enhanced security features and real-time market tracking further set it apart.
Multi-Currency Wallet Development
Types of Targeted Audience:
Brokers & Traders.
Cryptocurrency Investors.
There are about 200 cryptocurrencies with $10+ million in market capitalization. If you’re playing big, you probably have dozens of currencies in your portfolio. At this point, keeping in mind that all passphrases for each of your wallets may be hard.
Bitcoin capitalization exceeded $1 179 billion threshold.A cryptocurrency wallet is a software app that keeps users private and public keys. Such a wallet allows users to sign transactions, keep a record of expenses, and, of course, keep all passwords in one place (preferably a secure place).
While there are already 100+ wallets, chances you’ll create a better one still exist. Because, well… new coins are still spanning, and only a few wallets support more than 3 coins at once.
Here are a bunch of parameters that define the quality of the wallet:
Ease of Use.
Extra Services – Coin Exchange, Market, Shared Access.
Supported Coins – BTC, ETH, LTC, DASH, GNT, REP, OMG, etc.
Level of Security – depends on private keys storing mechanism: user, third-party encrypted by a password, third-party with no strong security precautions.
Anonymity – depends on how much info about the user is stored: phone number, id, logs, transactions, email. Or you can apply a Bitcoin mixer to disguise your transactions.
Apart from various secondary parameters, cryptocurrency wallets should be perceived just like bank deposits. You can build a savings account, which is called to store private keys, or you can develop a transactional account for frequent use.
Automated Exchange Point
Types of Targeted Audience:
Private Coin Owners.
E-commerce Merchants.
Cryptocurrency Investors.
Automated Exchange Point is a niche software product that should be built according to the inner needs of cryptocurrency exchange platforms like Bitstamp, Coinbase, Cryptsy, Kraken, CEX.IO, etc. Something that will facilitate a straightforward mass currency trading process that opens an opportunity to create the best cryptocurrency exchange app.
Imagine coin exchange like Forex processes millions of dollars per transaction. The new system designed for cryptocurrencies should possess the same level of security and stress resistance.
As for now, currency exchange platforms are no more than p2p marketplaces that basically just a site for individuals where they can find each other and jump into private chat. There are no guarantees and little to no third-party overseeing. Hard for newcomers, unforgiving for newbies.
Building a decentralized exchange market or a DApp (Decentralized app) that will preserve anonymity and get the trust of the mass market is the key to success.
Statistics Aggregation Platform
Targeted Audience:
Traders & Brokers.
Financial Analysts.
Cryptocurrency Investors.
Monetization principles of such platforms are close to those used across trading utilities: ads, premium excess, paid analytics, and coin exchange services.
There is not much to say about such platforms, except one should aim to enhance existing UI/UX design. Especially when it comes to the visualization of data, it should be carried with great attention to detail. Fortunately, there are a lot of pre-made libraries that can streamline the development process.
Cryptocurrency Trading Application
Targeted Audience:
Brokers & Traders.
Cryptocurrency Investors.
From here, we’re getting into the real business with the best cryptocurrency app ideas. Global crypto investors in ICOs, new currency verification networks, multi-currency payment gateways, mass transactions and on and on…
Cryptocurrencies are still evolving. Bitcoin brought us blockchain technology, Ethereum brought smart contracts, and Neo offers an easier programming language that is used to create those smart contracts. But the finish line is still years ahead.
The first approach to the invention of new tools is trying to simplify existing processes:
Create a mass transaction interface that will allow traders and merchants to exchange coins in bulk.
Develop a cryptocurrency-based invoicing system that will automatically stamp smart contracts and get money upon fulfilment of transaction conditions.
Make an instrument that will survey
The second approach is by upgrading existing tools:
Smart Contract Generator – a system that allows business owners to create custom smart contracts without the need to hire a developer.
Right now smart contract creation process is quite tricky. It requires special skills, and there are few to no templates available. Plus, there is a big “zoo” of programming languages used in cryptocurrencies: SOLIDITY, C++, JavaScript, etc.
ICO Launch Platform – a regulated place that will protect investors and projects.
Such a platform may finally ensure the transparency and security parties deserve. Needless to say, how important such a platform can be right now while the industry has not managed to secure the trust of the general public. In addition, the ICO Launch Platform will have great potential to transform into the cryptocurrency’s second stock market or first unified exchange market.
E-commerce Crypto Payment Platform
Types of Targeted Audience:
Business Owners.
Private Coin Owners.
E-commerce Merchants.
Say you have an online store, and you want to accept payments in BTC and ETH. Unfortunately, you probably will be forced to process each BTC payment manually. While cryptocurrencies stay on the edge of IT, there are still no stable and easy payment gateways that will integrate with major e-commerce platforms.
Manual Processes Your App Should Strive To Automate:
Automated Price Optimization – While prices for cryptocurrencies are still jumping up and down, merchants have to change tags every day. Why don’t we automate this routine process?
Merchant Panel – That will help to withdraw, exchange or pay with coins. Above all, this panel can be used by merchants to ensure that all transactions are in place.
Understanding Non-Custodial Crypto Wallets
Unlike custodial wallets, where a third party holds your assets, Best Wallet should be fully non-custodial. This means you have complete control over your private keys and funds, reducing security risks. Whether you’re trading or storing assets, you’re the sole owner of your crypto holdings.
Exploring Supported Cryptocurrencies and Blockchains
Best Wallet would support an extensive range of cryptocurrencies and blockchains, making it a flexible option for users with diverse portfolios. With compatibility across 50+ major blockchains, it enables seamless transactions, storage, and swaps without the limitations found in many traditional wallets.
Advanced Security Measures in Best Wallet
Security is a priority in crypto management, and Best Wallet would incorporate cutting-edge security measures to protect users from threats. From advanced encryption to secure transaction verification, it ensures that your assets remain safe while maintaining a user-friendly experience.
How to Buy, Swap, and Sell Cryptocurrencies with Best Wallet
Best Wallet should provide an all-in-one platform for crypto transactions. Users can buy, sell, swap, and receive cryptocurrencies directly within the app, eliminating the need for external exchanges. Its streamlined process makes it easier than ever to manage digital assets efficiently.
Managing Your Crypto Portfolio with Best Wallet
Keeping track of multiple cryptocurrencies can be challenging, but Best Wallet would simplify the process with market-leading portfolio management tools. It offers a clear overview of assets, transaction history, and real-time performance tracking, ensuring users stay informed about their holdings.
Monitoring Market Movements and Insights
Understanding market trends is essential for making informed decisions. Best Wallet should include real-time market monitoring tools, helping users track price movements, analyze trends, and respond quickly to changes in the crypto landscape.
Bottom Line
By now, the total market capitalization of cryptocurrencies has exceeded $2000 billion and will go far above this point. And the gold rush will surely end sooner or later. At that time Wild Crypto West will be colonized with new banking systems and currencies.
We live in an age when the financial landscape is changing fast, and it’s about time to decide whether you’ll stand on top or use a service someone has developed instead of you.
FAQ
A non-custodial wallet gives you complete control over your crypto assets. Unlike custodial wallets, where a third party holds your private keys, a non-custodial wallet ensures that only you have access to your funds. This reduces security risks, eliminates reliance on intermediaries, and enhances privacy.
Best Wallet is designed for both beginners and experienced users. Its intuitive interface makes it easy to buy, sell, and manage crypto without unnecessary complexity. Features like streamlined navigation, clear transaction history, and simple asset management tools ensure a smooth experience.
Best Wallet supports thousands of cryptocurrencies across 50+ blockchains, providing users with a wide range of options. It also combines security, ease of use, and advanced market tracking, making it a comprehensive solution for crypto trading and management.
Security is a priority. Best Wallet employs advanced encryption and secure authentication measures to protect user funds and private keys. Because it’s non-custodial, only you have access to your assets, reducing the risk of centralized breaches.
Best Wallet supports thousands of cryptocurrencies, including major assets like Bitcoin (BTC) and Ethereum (ETH). It is also compatible with over 50 blockchains, allowing for seamless transactions and storage across a wide range of digital assets.
With Best Wallet, you can buy, sell, and swap a wide selection of cryptocurrencies. Whether you’re dealing with popular tokens or niche altcoins, the wallet provides a flexible and wide-ranging selection that caters to different investment and trading needs.
One Response
This blog is a true gem! The explanations around cryptocurrency wallets, automated trading systems, and exchange platforms are extremely informative. A must-read for anyone interested in crypto.