jack richer
by on January 13, 2022

Digital assets are getting greater demand from investors. Conventional financial assets like bonds, fixed deposits, debentures, equity shares, stocks are not providing huge returns. Thus, traders are seeking alternatives to build their wealth. Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are attractive options. 

It offers benefits like anonymity, 24x7 trading, freedom from centralized authorities, and high liquidity. Likewise, do you want to shield virtual assets from hacking and phishing attacks? Start Cryptocurrency wallet development now

The numerous advantages offered by a Cryptocurrency Wallet Development Company are

  • Multi-layer security measures - Holders of virtual currencies can protect themselves from hacking and phishing attacks. This is because of measures like end-to-end (E2E) data encryption, two-factor authentication (2FA), digital signatures, biometric authentication, private keys, and secret recovery phrases. Hence, there is no chance of loss of funds. 
  • Real-time portfolio management - Generally, software and hardware wallets support a variety of cryptocurrencies, stablecoins, and DeFi tokens. Thus, investors can strategically boost their wealth based on the changes in market conditions. They receive real-time updates about stats related to trading volume, prices, history of buy and sell orders, and the launch of new coins. 
  • Slippage protection - The trading volume of cryptocurrencies has crossed $112.52 billion. However, the changes may be bullish or bearish. This depends on factors like demand from retail and institutional investors, laws passed by different countries, and changes in the economic policies of governments. 

Likewise, investors can prevent losses while trading on crypto exchanges and Decentralized Finance (DeFi) platforms. They should use the Slippage Protection option. This reduces the difference in costs between the order placement time and the confirmation time. In case of extreme fluctuation, the market, limit, stop, and stop-limit orders of investors will be automatically revoked. 

Wrapping Up

What are you waiting for? Reach out to a cryptocurrency wallet development company now, create customized hot and cold wallets, and secure the digital assets of investors.

Posted in: Business, Technology
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