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Top 7 features to look for in a Bitcoin wallet

Setting up a bitcoin wallet does not necessarily have to be complicated.

The answer to how to create user-friendly bitcoins is really simple:

You should always start by evaluating the features that it provides and whether those features are aligned with your requirements.

These are the following common features you should look for before setting up an account or creating a wallet:

  • Registration
  • QR code scanner
  • Trading features
  • Exchange features
  • Security features
  • Push notifications
  • Currency management features
  • Push notifications
  • Feature to view balance

These are the features that enhance and improve the user’s experience while trading in bitcoins as they make it easy for the user to trade and/or make transactions.

Steps to create a bitcoin wallet: 

Okay! This won’t be an exact step-by-step guide. But yes, it’ll guide to a larger extent:

  1. Utilize bitcoin library (For Android and iOS devices)
  2. Sync bitcoin wallet using numerous APIs
  3. Integrate bitcoin as the payment option

Now that you’ve realized how to set up your wallet, you would also want to protect your wallet from all possible threats.

Let’s talk about how can you secure your wallet; talking about security, you should always consider these:

  • Two-factor authentication
  • Continuous security updates
  • Back up
  • Multi-signature option

Want a little brief?

  • Two-factor authentication: 

You should always consider protecting your wallet with two-factor authentication. You can set up a unique pin code or biometric data can be used for that purpose. It would require you and even someone else to log in twice and might save your bitcoins from getting stolen.

  •   Continuous security updates: 

Your work doesn’t end with setting up a wallet. If you want to trade efficiently and successfully, you would need to keep your wallet in working order. You can enable the continuous security updates to feature on your wallet and anytime a suspicious activity is traced, you’ll be informed.

Not only suspicious activity but any activity for that matter.

  • Wallet backup:

It’s very crucial to have numerous mobile wallet backups stored in several hard-to-find places. It will protect your wallet from probable thefts and losses.

  • Multi-signature:

You can enable a multi-signature feature in your wallet. It would require another nominee to sign or approve transactions before actually making it. You will be able to dispose of your currency after everyone’s approval.

Endnote: 

These are some of the steps you can follow to create or set up a wallet that is both user-friendly and secure for users to make transactions.

Now that you know all the steps, go set up a wallet and enjoy trading. Don’t forget to stay safe!

About Ambika Taylor

Myself Ambika Taylor. I am admin of https://hammburg.com/. For any business query, you can contact me at ambikataylors@gmail.com