Features of cryptocurrency wallet to enhance your trading experience!

In recent years, the cryptocurrency users and merchants accepting them have increased enormously. As a result, the use of cryptocurrency and blockchain technology has become more invincible.

A cryptocurrency is a digital form of assets. Cryptocurrency transactions are nothing but the value exchange between two parties without the involvement of a third party. So all these digital assets are stored in the cryptocurrency wallet. 

A cryptocurrency wallet is a software that stores and perform transactions with all the crypto coins. The wallet app enables the users to send and receive digital currencies and keep track of their balance by interacting with blockchain network. 

Now let's explore the essential features that one should take into consideration for cryptocurrency wallet development. 

Features of cryptocurrency wallet

QR code scanner 

If you are using a cryptocurrency wallet, then the QR code scanner is a must feature that has to be integrated into your wallet. QR code feature makes transactions easier for cryptocurrency users. In order to send or receive crypto payments, you can use or create a custom QR code for public address. 

Two-factor authentication

This feature enhances the security of the wallet app. The two-factor authentication simply ensures that only the authorised person can access the wallet. This process needs extra time, but still, it's worthwhile. Duo-authentication feature will send a passcode to the registered number and that they need to enter while signing into their wallet. 

Denial of duplicate payments

This mechanism is also an essential feature while looking for wallet development. Like traditional payment methods, crypto payments also have duplicate payments so to detect such kind of payment transactions this mechanism is a must to incorporate in your wallet. 

Push notification

Apparently, this is considered as a simple feature, but when it comes to a crypto wallet, these push notifications are long needed. The main purpose of push notification is to give every now and then with a simple and quick interface to the users. This alerts the user by notifying their balance, new transaction, sign in and much more.

Keep track of the transaction.

Once the transaction is done, all the necessary information is stored in the digital ledger. You need to keep track of the transaction from the base like your ID, current balance, amount, time and when the transaction is being performed. 

Final verdict

With the evolution of advanced technology and efficient features of the cryptocurrency wallet, we suggest you to approach a cryptocurrency application development company. The experts can serve you with all the features mentioned above to make your crypto trading experience easier and better!