In 2024, global cryptocurrency ownership was already massive, crossing approx 560 million mark. By 2025, that expanded more, with estimates ranging from 617 million on the lower end to as high as 860 million. Put simply, in just one year, the market added from all over the world between around 50 to 300 million new users. That kind of year-over-year growth shows cryptocurrency adoption isn’t just steady—it’s accelerating, pulling in new users at a pace that most traditional financial products could never match.
This extensive growth of demand for crypto wallet development, as Crypto wallets have become the primary gateway for managing and securing cryptocurrency assets. There are white-label cryptocurrency wallets and even new Crypto wallets developed from scratch. If you’re interested in cryptocurrency, you likely have one. If you’re not sure what a cryptocurrency wallet is or why you need crypto wallet development for you, here’s a brief explanation.
What is a Cryptocurrency Wallet?
Cryptocurrency wallets are digital wallets but similar to traditional leather wallets used for fiat currency. However, online crypto wallets are specifically developed for cryptocurrency and are used to send, receive, and store crypto assets. Public and private keys are used to initiate and process transactions.
Why do I need a cryptocurrency wallet?
Cryptocurrencies have rapidly grown in popularity and are traded by many individuals and businesses around the world. And they developed their crypto wallet from crypto wallet development companies. Furthermore, Bitcoin is accepted as a form of payment in many countries around the world. Several U.S. states, including California, New Hampshire, Indiana, and Arizona, plan to legalize tax payments in Bitcoin. Many food delivery apps and e-commerce sites accept Bitcoin as payment. Even governments are using Bitcoin for trade transactions.
To pay with Bitcoin or trade Bitcoin and other cryptocurrencies, you need a cryptocurrency wallet. You can choose between a single-cryptocurrency wallet and a multi-cryptocurrency wallet. Single-cryptocurrency wallets store Bitcoin and Ethereum, respectively. Multi-cryptocurrency wallets, on the other hand, support various cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin, as well as various tokens. Cryptocurrency wallets simplify and expedite transactions without compromising security.
How much does it cost to develop a wallet?
The estimate crypto wallet development cost depends on a variety of factors, including:
- Wallet Type – White Label Wallet or Newly Created Wallet
White-label cryptocurrency wallets feature a market-ready backend and an easily customizable frontend, allowing for rapid implementation and launch. Many businesses and individuals develop white-label wallets because they are relatively inexpensive and offer a faster time to market. because they are pre-built, developing a wallet requires no technical expertise.
White-label cryptocurrency wallets are already developed solutions by crypto wallet development companies, but they integrate all the necessary features to ensure world-class security and performance. At Comfygen, we offer the following features in our white-label cryptocurrency wallets:
- A 12-word mnemonic phrase for easy wallet recovery
- Biometric authentication for authenticated transactions
- Multi-signature support adds an additional layer of security to ensure authorized transactions
- Support for multiple cryptocurrencies and seamless integration of multiple coins and tokens
- QR code scanner for automatic wallet address scanning
- Option to send and receive cryptocurrency within chat
- NFC (Near Field Communication) support
- Automatic session logout for secure wallet access
- Password-protected access ensures authorized user access
- Multi-platform compatibility ensures your wallet works seamlessly on all iOS and Android devices.
- A customizable home screen and automatic conversion rates deliver a world-class user experience.
Wallets built from scratch, on the other hand, require you to do everything from scratch, increasing development time and costs. This wallet is a good choice if you need a fully customized wallet with specialized features not found in white-label wallets.
- Features Integrated into the Wallet
Features have a significant impact on the cost of a cryptocurrency wallet. The more features, the higher the development costs.
White-label wallets come with a predefined set of features, and their cost is roughly the same as the cost set by the cryptocurrency wallet developer, but it may vary slightly depending on the level of customization required.
Wallets built from scratch, on the other hand, do not have a fixed price and vary depending on the functionality requirements. However, wallet developers may set a base price for a new wallet and advise you of the exact price once your requirements are clarified.
- Number of Cryptocurrencies
Each coin or token integration requires its own time and effort. The cost of the wallet is directly proportional to the number of coins or tokens you integrate into the wallet.
Comfygen Solutions for Crypto Wallet Development
Comfygen, trusted crypto wallet development company with a strong track record of delivering both white-label and custom crypto wallet solutions to clients across more than 200 countries. Our blockchain development experts team specializes in building secure, scalable, and feature-rich wallets designed to match your unique business goals. Whether you need a ready-to-launch white-label wallet or a fully customized start-up wallet.Â
