Last Updated on July 12, 2019We have already published blogs about How much does it cost to develop an application similar to taxi booking app, grocery app development, job portal, flight booking app, WhatsApp and many more. However, this solution is completely different from the listed above categories on our solution page.
If you have ever searched for Bitcoin application, then the result appear shows us few types of applications like Blockchain, Coinbase, BitcoinJ and many others. I am writing this blog to define and describe various Bitcoin wallet apps.
Definition
The bitcoin wallet application is a secure digital wallet transaction that is used to send, receive, and store bitcoins.
Blockchain
Bitcoin Wallet from Blockchain is one of the most popular, innovative financial application in the world. As per the recent statistics, there are more than 14 million BC wallets are registered in 140 countries. Blockchain app is available in Google play store as well as Apple app store and it works perfectly fine on Windows, Mac OS, and Linux. With the high average rate of 4.4 this wallet has over millions of downloads on Google Play.
Features
This application lets you send and receive Bitcoin at one click with anyone in the world and the bitcoin amount appears in the form of BTC, mBTC, or bits. Blockchain wallet works perfectly fine offline as well. Blockchain wallet provides paper wallet import, QR scanner and search of bitcoin merchants in the needed area. The app also shows actual bitcoin conversion rates and sends notifications on the transactions.
Both your PIN and password is safely protected in your bitcoins. All of your wallets are completely encrypted client-side. So as per the organization they can’t view user’s wallet balance or transactions.
Coinbase
Coinbase in another bitcoin wallet application that you should not miss at all. It is also available on Google play store and Apple app store and both them is accessible through the web browsers. Coinbase Wallet on Google Play has nearly 38 thousand merchants and more than 4.1 million customers, who accept bitcoin, ethereum, and litecoin through this service.
This wallet works with cryptocurrencies, however on the other end competitors only focus on bitcoins only. Coin base is comparatively a bit risky as the company holds your bitcoins. On the other hand, there is a risk-free way there is a Vault feature that help users to avoid that control.
Features
This application lets you buy and sell bitcoin, ether, and litecoin. The application shows users list along with the merchant services such as Expedia, Dell, Overstock and many others.
Coinbase Wallet shows cryptocurrency exchange rates, historical price charts to track real-time. It notifies its users about the changes in price, transactions and other important messages. Clients can easily request and send money via NFC or QR code. You can connect your wallet to the bank account, PayPal, credit and debit card. The app is completely protected with a passcode, incase if your cell phone is misplaced then it helps to protect it with a passcode.
BitcoinJ
Bitcoin wallet programmers have created a very popular mobile application. But this is available only for Android. It has more than 1 million downloads on Google Play. It was initially launched on March 7, 2011, and therefore it is regarded as the oldest names in the bitcoin business. This app has open source code as anyone can use it, so similar apps are available for other platforms too.
Bitcoin is somewhat different from the previous available wallets because it has a full P2P function and it is decentralized. It means users get complete control over their bitcoins.
Features
BitcoinJ app has similar standard features like sending and receiving Bitcoins via QR-codes, NFC or Bitcoin URLs, conversion rates and display of Bitcoin balance from national currencies etc. Making use of this wallet, you can get address book for most often used Bitcoin addresses and it also lets you scan QR codes for faster payments. BitcoinJ let the users pay offline via Bluetooth through the sweep of paper wallets.
It works perfectly fine on a table and supports portrait as well as landscape mode. Most of the screens provide their own tutorial.
Main bitcoin wallet features:
Why Should You Use Bitcoin Wallet Apps?
Over the half of a decade, the price of Bitcoin has grown by 20607% and surprisingly the transactions have surpassed over US $100 billion and that too for good reason.
When it comes to transfer traditional money, you are required to wait for a certain period of time before the funds become available. Banks also charge transaction fees for both recipients and senders. As for transactions with Bitcoin tends to be far faster and without any fees.
At the time of economic crisis, when banks decide to take back uninsured deposits that definitely affects local population. However, in the case of Bitcoin, it’s the currency is decentralized, it belongs to the people, not government or any other country.
There is no chance of fraud because your information is completely secure. A user is given special keys one public and one private and the time sends Bitcoins a user is required to combine both the keys together.
The usual and common problem with the classic currency is that governments have all the rights to print as much money as they want, this is the reason why the currency is losing its value. The creator of bitcoin has stated that it would never surpass 21 million. Thus, the currency is completely secured from inflation.
If you have Bitcoins, then you are the only owner of this account and it will not be owned by any third party. So, nobody would take your digital money away. Smart Bitcoin users can invest in equipment in case they have enough computing power.
Wrapping up
I agree blockchain-powered app is not a rocket science, but one undoubtedly requires a high level of expertise and skillful knowledge in development. At present, bitcoin wallet application development is listed on the top list of the most successful business ideas. So, leave the worries behind and get in touch with web and mobile application development company for entrepreneurs and hire bitcoin application developers. We also let you hire blockchain app developers.
Mobile app developers at Bacancy Technology have over half decade of experience in the creation of complex encryption algorithms and data security to top-notch web and mobile app development. We are happily ready to implement your blockchain powered app or Bitcoin wallet app.
To get an instant quote for bitcoin wallet app, feel free to reach us at [email protected]
