How to Create a Bitcoin Wallet App?

Today cryptocurrency, especially Bitcoins, has come into common use. Though there are still a few questions on the matter… for example, how and where should we keep bitcoins? It seems a difficult task, given that we cannot even see or touch virtual money. The answer is simple: you have to build your own bitcoin wallet (or choose a ready-made one) – it allows making different transactions, including buying and selling the cryptocurrency. The main task of the cryptocurrency wallet is to store the secret key needed to access the bitcoin address and, accordingly, your means.

We emphasize that there are several types of bitcoin wallets with different security levels. However, with the increasing popularity of various kinds of devices, mobile cryptocurrency wallets are most often used nowadays. So, we suggest you think about how to create a bitcoin wallet app. We hope, our tips will help you to figure this issue out.

After reading the article, you’ll find out what the best cryptocurrency wallet means and why you need it. Moreover, you’ll not only know how to make a bitcoin app via but you’ll also understand the ways to protect it, and get a lot of other useful Bitcoin payments information

Bitcoins and business, is there a connection?

We think you know that Bitcoin is an innovative payment network and a new kind of virtual currency.

Using P2P technology, Bitcoin operates without any supervisory authority or central bank; transaction processing and emission are carried out collectively by network participants. Due to its unique features, Bitcoin opens up new horizons of possibilities which have not been provided before by any payment system.

However, Bitcoin payments are especially interesting and profitable for business companies! Why? How do mobile wallets make money?

There are a number of reasons:

  • Protection against fraud. Bitcoin-payments are irreversible and safe, which means companies should no longer fear fraud, as well as the withdrawal of a cheque. Agree, such an advantage is already a sufficient reason to delve into the question of how to make a bitcoin wallet app. And it’s not the only one.
  • Fast international payments. Sending bitcoins abroad is a fairly simple procedure. There are no intermediary banks, because of which you have to wait three working days, there are no extra fees (when you’re forced to pay to make international transfers), no restrictions on the amount of transfer.
  • PCI standards are not required. Of course, you should take care of the security of your cryptocurrency wallet and billing requests. However, you won’t have to process your clients’ personal information, as it happens in the case of dealing with usual credit cards.
  • Multiple signatures. Bitcoin also includes a multi-signature option that requires the authorization of payment by several people of a certain group (say, the board of directors of a large company). It would come in handy if you need to coordinate common actions.
  • Financial transparency. Using Bitcoin would allow you to offer the highest level of transparency.

And last but not least, bitcoin app development is able to provide you with an excellent marketing tool. The reason is quite clear: accepting payments in bitcoins is a good way to attract new customers and attention to your company. Expansion of payment methods has long been a successful online business practice. But without a cryptocurrency wallet, you can neither receive, nor store or spend bitcoins.