Presently, the Crypto wallet business is one of the highly profitable businesses in the crypto space. In recent times, many startups are willing to start a crypto wallet business as it offers many revenue-generating opportunities. Creating a crypto wallet like an existing popular one will make you rich and gain more users in a short time. Speaking of which, Mestamask is one of the most well-known and successful crypto wallets in the crypto space. In case you want to develop your own crypto wallet like metamask, then you have to work on developing methodologies. Because the cost of the crypto wallet development will vary based on the development methodology you choose.
- Open-source (You can get it online at no cost. It is totally free code. But there is no assurance for security)
- Development from Scratch (You can implement your new ideas. However, you should build a crypto wallet from the base, you need to do a lot of analysis, and developing time and cost will be higher than you expected. The approximate crypto wallet development cost from scratch is $60k)
People are still in chaos while choosing the method for developing a crypto wallet. Open source doesn’t have security, development from Scratch is expensive, and it takes more than half of the year to complete the project. Many young startups and even I too don’t prefer these two methods.
So, what is the best and most effective solution for this business?? This is where the Crypto wallet clone script comes into the picture which is a trending software in the marketplace. In recent times, many startups have started to opt for this method. A Crypto wallet clone script is a bug-free, ready-made, and 100% replication of an existing wallet. For example, if you want to develop a crypto wallet like metamask, You can launch a superfine crypto wallet that looks exactly like metamask within 5 days using the metamask clone script. The cost of the premium crypto wallet clone script starts from $7k and it may vary based on your business concepts.
Refer to this blog to know more >> Crypto Wallet Development