With the surging popularity of digital currencies, the demand for secure and reliable cryptocurrency wallets has never been higher. These wallets serve as entry points to blockchain transactions, offering storage for cryptocurrencies and facilitating the purchase of fiat currency, NFTs, and the execution of exchanges and trades.
The global crypto wallet market, valued at USD 10.28 billion in 2023, is projected to exceed USD 94.45 billion by 2033, with a compound annual growth rate (CAGR) of 24.83% from 2024 to 2033.
While numerous crypto wallets contribute to this expanding market, we will delve into the specifics of the Exodus crypto wallet today. This application empowers users to seamlessly manage and exchange over 260 cryptocurrencies and NFTs across various platforms, including web browsers, mobile devices, desktops, and hardware wallets.
In this blog, you will learn how to build an app like Exodus cryptocurrency wallet and crypto wallet features, as well as the reasons to invest in an Exodus-like crypto wallet development.
Key Features of an Exodus-like Cryptocurrency Wallet
Here are a few main features of a cryptocurrency wallet similar to Exodus:
Feature #1 - Backup
Upon logging into a wallet such as Exodus, users gain access to a feature designed to safeguard their assets within the non-custodial wallet using a private key. The application provides users with a 12-word phrase, requiring them to input it correctly to access their account and regain control in case of a lost password.
Feature #2 - Wallet
The Exodus cryptocurrency wallet operates as a non-custodial platform, allowing users to store various crypto assets such as cryptocurrencies and NFTs. Additionally, it facilitates activities such as buying and selling cryptocurrencies, engaging in staking for passive income, and executing cryptocurrency swaps, all within the confines of the application.
Feature #3 - Exchanger
Developing a cryptocurrency wallet akin to Exodus proves beneficial in incorporating functionality that enables users to exchange their cryptocurrencies within the application seamlessly.
The application operates by utilizing a real-time currency value analyzer, which assesses the current rates of the desired cryptocurrency for purchase against the one intended for sale, facilitating the exchange process.
Feature #4 - Portfolio
Another prevalent set of features in crypto wallets involves the integration of an innovative portfolio. This feature empowers investors to monitor the crypto assets in their possession, providing real-time updates on their values and even presenting comparative charts with other assets for a comprehensive overview.
Feature #5 - Staking and Compound Finance
Those contemplating cryptocurrency wallet development like Exodus should consider incorporating the capability of investors to generate passive income within the application. The application provides users two avenues to monetize their cryptocurrencies: staking and compound finance.
Feature #6 - Web3 Integration
The Exodus cryptocurrency wallet is equipped with Web3 integration, allowing users to access various metaverse and Web3 applications seamlessly. Beyond app accessibility, it facilitates effortless trading within those platforms, offering users a comprehensive experience through a single application.
Feature #7 - Customer support
Another crucial aspect in developing the best digital wallet app involves including 24/7 customer support. When creating a crypto wallet akin to Exodus, achieving this can be realized through various means, including intelligent chat, email correspondence, phone support, and incorporating a comprehensive FAQ section.
Now that we have looked into the features of Exodus-like crypto wallet development, it’s crucial to understand the unmatched security that sets your app apart from your competitors in the market.
The fact that blockchain is the underlying technology in developing a crypto wallet like Exodus naturally instills a strong sense of security in users. With the increasing number of crypto wallet hacks, it's crucial to prioritize a security-first approach in the development process.
Here’s how to manage security during Exodus, like cryptocurrency wallet app development.
How to Make Security the Foremost Consideration When Building Exodus Crypto Wallet
When building an Exodus-like crypto wallet, it's essential to understand how the platform handles security within the app.
The primary advantage of a wallet like Exodus lies in its dedicated team of developers. Their team specializes in attacker simulation, app, and cloud security, driving secure architecture development through a robust, secure software development methodologies.
On a technical level, Exodus operates on a non-custodial model, meaning it cannot access users' private keys, data, or transaction details. This approach has become integral to their work philosophy.
At VLink, we follow a security-first approach when building crypto DeFi wallet development services. Our blockchain experts adopt the same method the Exodus team followed to build simulation-based architectures.
We ensure that every app we develop is rigorously reverse-engineered as part of our crypto digital wallet app development process, guaranteeing that every API and open-source code is glitch-free and hack-proof.
With the features and security aspects of building a crypto wallet like Exodus covered, let's now dive into the three main areas that concern entrepreneurs the most: the Exodus-like crypto wallet development process, technical stack, and associated costs.
Simple Process to Build an App like Exodus Cryptocurrency Wallet
Here is a simple process, each backed by a security-first and high-stability approach that we follow to create an app like Exodus crypto wallet:
#1 - Fix the app idea and features.
The initial step in developing an app similar to Exodus involves formulating the business model. During this phase, critical decisions encompass selecting a custodial or non-custodial wallet architecture, defining the app's features, and specifying the target user demographic.
Furthermore, comprehensive competitor research and market analysis contribute valuable insights to facilitate a streamlined project development process.
#2 - Work on the app's UI and UX.
With the app concept, the development process transitions to the design phase for the Exodus cryptocurrency wallet. We emphasize crafting a sleek and captivating application that integrates specialized sections and elements to enhance the user experience.
In this stage, we construct wireframes and prototypes, serving as a foundation for developers and providing stakeholders with a visual depiction of the application.
#3 - Initiate the coding process.
With the completion of the UI/UX design for the Exodus crypto wallet, we advance to the development phase. Tailoring our approach to align with project requirements and budget considerations, here are two methods:
Building a blockchain app or wallet from the ground up or
Utilizing popular libraries and tools like the Coinbase SDK, BitcoinJ SDK, or Blockchain Wallet API.
Depending on the selected method, we proceed with feature development, shaping the desired user flow within the application.
#4 - Testing and launching the MVP version
The next phase entails rigorous quality assurance testing of the solution to guarantee its resilience against hacking and scalability. Our dedicated blockchain services testing team works diligently to ready your app for prospective industry expansion.
Upon confirming the app's readiness for deployment, we will launch the Minimum Viable Product (MVP) version, enabling real users to engage with the app and offer valuable feedback.
Technology Stack for Developing an Exodus-like Cryptocurrency Wallet
Here’s a table outlining the technology stack for developing an Exodus-like cryptocurrency wallet:
Tech Stacks Category | Technologies | Purpose |
Blockchain Platforms | Ethereum, Bitcoin, Binance Smart Chain | Provides the underlying blockchain infrastructure. |
Programming Languages | Solidity, JavaScript, Python, TypeScript | Used for smart contract development and app logic. |
Mobile Development | React Native, Flutter | Enables cross-platform mobile app development. |
Backend Development | Node.js, Python (Django/Flask), Java (Spring Boot) | Handles server-side logic and APIs. |
Database | PostgreSQL, MongoDB, SQLite | Stores user data, transaction history, and other records. |
Cloud Services | AWS, Google Cloud, Azure | Provides scalable cloud infrastructure and storage. |
Security | OpenSSL, bcrypt, OAuth2, JWT | Ensures data encryption, secure authentication, and authorization. |
API Integration | REST, GraphQL | Facilitates communication between different parts of the application. |
Testing and Simulation | Metamask, Ganache, Truffle | Simulates blockchain interactions and tests smart contracts. |
UI/UX Design | Adobe XD, Figma, Sketch | Designs user interfaces and experience for the wallet app. |
Version Control | Git, GitHub, GitLab | Manages code versions and collaboration. |
What is the Cost to Develop an Exodus-like Cryptocurrency Wallet?
The cost to build a crypto wallet app hinges on several factors, including the application's size, solution design, features, chosen technology stack, and the location and structure of the team working on the application.
Here is a cost breakdown of Exodus-like crypto wallet app development:
Process | Estimate Costs |
Backend Development | $10,000-$15,000 |
Android | $27,000-$32,000 |
iOS | $20,000-$28,000 |
WebDesktop | $7,000-$10,000 |
Design | $8,000-$10,000 |
QA/PM | $5,000-$10,000 |
Total | $90,000-$100,000 |
This table gives a ballpark estimate of the Exodus, such as the crypto wallet app development cost.
We will also help you finalize the monetization models for crypto wallet development solutions.
Exodus generates revenue by partnering with third-party API providers and exchanges who offer services through their app. Additionally, we frequently recommend that our clients implement transaction fees for each trade conducted through the application and incorporate relevant ads to earn revenue through click-based advertising.
Consider VLink for Exodus-Like Crypto Wallet App Development!
Get secure and reliable cryptocurrency wallets like Exodus through VLink's premium services in crypto wallet development. Our comprehensive range of services covers the entire spectrum, from conceptualization to integration and ongoing maintenance of crypto wallet applications.
Whether you need a web-based, mobile, or hardware cryptocurrency wallet, our dedicated team of developers is committed to delivering unparalleled privacy and security for your digital assets. Rely on us to craft a cryptocurrency wallet solution that prioritizes safeguarding your assets.
But why should you choose us as your partner crypto wallet app development company?
At VLink, our experts have extensive experience working on blockchain projects for a diverse clientele, including the hospitality industry, fintech, and government bodies. Among these projects, we have developed several crypto wallets from the ground up, including building the wallets themselves, creating cryptocurrencies, and designing APIs for integration with other crypto platforms.
This broad experience has equipped us with deep subject matter expertise, establishing us as a globally trusted blockchain development company.
Contact our blockchain experts to discuss your crypto wallet app project.
Frequently Asked Questions
Building a crypto wallet like Exodus typically takes 4 to 6 months, depending on complexity, features, and development team expertise. This includes designing, coding, testing, and thoroughly implementing security measures.
Start with a clear roadmap, focusing on robust security, user-friendly design, and cross-platform compatibility. Engage experienced developers, use secure APIs, and conduct thorough testing to ensure reliability and functionality.
Investing in Exodus-like crypto wallet development offers high security, user control over private keys, and seamless integration with various crypto platforms. It taps into the growing cryptocurrency market, providing a robust solution that attracts users seeking secure and versatile wallet options.
