Cryptocurrency and Blockchain Application Development

01-05-25

With the active development of cryptocurrency and blockchain technologies, there is a growing demand for tools to manage crypto portfolios, monitor market dynamics and one’s own investments, conduct transactions, analyse data and optimise strategies. The most convenient tool to solve such tasks is a mobile application for iOS and Android. Despite the significant number of such products in the App Store and Google Play, the professional creation of crypto and blockchain apps tailored to the specifics of the crypto market remains a promising and in-demand area of mobile development.

The concept of cryptocurrency and blockchain

The development of mobile applications for cryptocurrency as a virtual asset is based on blockchain technology, which is a decentralised registry that stores information about the transfer of cryptocurrency on the Internet. The blockchain consists of a continuous sequence of blocks, each of which contains transaction data protected by cryptographic principles. The information is stored and transmitted via immutable blocks between a large number of users on the network. The technology is secure and reliable, speeding up transactions directly between users without delays or third-party verification.

Cryptocurrency is a type of virtual data that can be stored on a blockchain. The blockchain is used as the main platform and underlying architecture to store, verify, protect and record virtual cryptocurrency assets. The blockchain is where the entire cryptocurrency market operates and where cryptocurrency transactions take place. Without blockchain technology, cryptocurrency loses its raison d’être – only blockchain ensures the validity of virtual assets and allows cryptocurrency to be securely tracked, stored, sold and bought on a global scale.

In mobile application development, blockchain technology allows transaction information to be recorded on the blockchain rather than stored on a server. An example of the application of blockchain technology is the development of smart contracts to automatically verify the fulfilment of contract terms for accurate and fast payments without manual administration. All transactions on the blockchain can be verified, the stored data remains unchanged and the data cannot be tampered with due to the use of cryptographic protection.

Features and types of cryptocurrency mobile apps

The principle of operation of the mobile application for crypto – the program is integrated with the blockchain platform, the application uses data on transactions and new operations with crypto carried out on the user’s device. Integration of the mobile application with the blockchain platform allows to realise valuable functions – create crypto wallets, conduct transactions, view history, verify data and payments without intermediaries, etc. Transactions are as secure as possible, as they are performed and stored only on the user’s mobile device.

Integration of the mobile application with blockchain services allows creating a wide functionality for convenient, safe and productive work on the cryptocurrency market – conducting transactions, storing crypto, tracking statistics, trading crypto. The functionality of mobile applications for cryptocurrency depends on the intended purpose of the product. The main features are common to different types of applications:

• Secure login with biometrics, two-factor authentication;
• Support for current payment methods;
• Transaction history, user balance;
• Data analysis;
• Wallet management;
• Conduct inbound and outbound transactions;
• Track payment status;
• Integration with popular cryptocurrency exchanges;
• Backup for secure data storage;
• Access recovery with seed phrase;
• Asset tracking and control;
• Push notifications.

Crypto Wallets

One of the most popular types of mobile application for crypto is a cryptocurrency wallet. The user gets access to their accounts, view the balance, track the movement of virtual assets and perform any targeted transactions with crypto. Applications crypto wallets have a user-friendly interface, comfortable for everyday use and quick execution of operations. Popular cryptocurrency wallets include MetaMask for Ethereum, Trust Wallet with support for various blockchains, Coinbase Wallet from the Coinbase crypto exchange.

Crypto exchanges

These are large-scale platforms for trading cryptoassets, tracking market prices, buying and selling cryptocurrency. By their functional purpose, crypto exchanges are intermediaries between buyers and sellers. The quality and efficiency of the platform is measured by the number of currency pairs, security parameters and transaction performance. Popular exchange platforms include Binance, Kraken, Coinbase, Bybit, HTX, BTSE, BingX and others.

Cryptoaggregators

Aggregators are not used to carry out crypto transactions, but to collect information from different exchanges and reproduce the dynamics of the data in real time. Thanks to the integration with different exchanges, the user is able to find the most favourable rate and maximise the benefits. The aggregators regularly update prices, capitalisation indices, transaction volumes and other indicators important to investors and traders. The tool is of great value for analysing and researching the cryptocurrency market.

Crypto Portfolio Tracker

Crypto Portfolio Tracker is a mobile application for tracking your cryptocurrency assets, monitoring their value dynamics, analysing profits and estimating losses. The program collects data on various crypto wallets of the user, currency rates of crypto exchanges with the ability to compare and select profitable offers. The user receives analytical tools to assess the state and prospects of the crypto portfolio. The balance and price are calculated in real time, and the analytical data is presented in the form of tables and charts.

Benefits of cryptocurrency applications

Mobile applications for cryptocurrencies are functional and convenient platforms with the help of which the user can solve a wide range of tasks, from one-time cryptocurrency payments to the creation and analysis of their own investment crypto portfolio. The advantages of such programmes are

• Decentralisation of control – the use of blockchain makes cryptocurrency transactions in mobile applications independent of the state. Transactions are beyond the control of tax authorities.
• Anonymity – cryptocurrency transactions in mobile applications take place without mandatory confirmation of the identity of the payer and recipient.
• High speed – transactions are instantaneous, with no delays and no limits on the number of transactions. You can buy crypto or make a payment with virtual assets in a few clicks, without bank or other verification.
• Secure 24/7 access to your own crypto assets from anywhere in the world, all crypto options on your mobile phone, full personal control over wallets and transactions without intermediaries.
• Secure transactions protected by blockchain technology, high level of cryptographic protection, built-in security tools in the mobile app.
• Simple interface, accessible for beginners and comfortable for experienced users, real-time information updates for fast decision making.

Integrating mobile applications with cryptocurrency and blockchain technologies

Our company has hands-on experience in integrating mobile business applications with Ethereum (ETH), Binance Smart Chain (BNB), Polygon (MATIC) and other blockchain platforms. The integration is done through reliable and trusted third party services such as Venly. It is a specialised platform with ready-made APIs and SDKs, a well-known blockchain technology provider for enterprises. This integration makes cryptocurrency transactions accessible to any user, provides easy transactions with virtual assets without specialised knowledge, allows users of mobile applications to interact with cryptocurrencies, NFT, DeFi directly in their smartphones. Practical application examples:

• Integrate cryptocurrency payments for online sales of goods and services,
• Extending the functionality of decentralised DeFi platforms to provide financial services without intermediaries;
• Developing secure and functional crypto wallets;
• Creating NFT assets in games;
• Developing and connecting smart contracts;
• Creating platforms for the sale of NFT collections;
• Develop cryptocurrency mining applications, cryptocurrency lending services.

Interested in this area? Contact us using the form on the website – find out more about our services and practical cases for developing apes for cryptocurrency and blockchain.