How Much Does Crypto Wallet Development Cost?

Any business, company, or entrepreneur who wants to get into the blockchain space needs to know web crypto wallet development cost. Users are expecting more from wallets, security is becoming more strict, and technology is changing quickly. Knowing factors affecting crypto wallet cost will help you make better choices from the start.

We'll talk about the main things that affect the total cost (which is $25,000 – $90,000 usually). These include wallet types and core features, as well as team structure, security standards, and long-term support. We'll also discuss normal price ranges, give you tips on how to cut costs without lowering quality, and talk about things like legal compliance that people often forget about.

With this guide, you can confidently plan your budget if you want to build a crypto wallet and have a clear understanding of the investment that comes with it.

There is no one-size-fits-all cost for developing a crypto wallet. The final cost relies on a lot of technical, strategic, and operational choices you make. Everything from the wallet type you pick to the team that makes it affects how easy or hard your project is, which in turn affects how cheap or expensive it is.

We'll break down the most important digital asset wallet development cost causes in this part so you can make good plans and avoid spending too much. Whether you're just starting to plan or are making changes to your road map, knowing about these factors will help you set clear goals, organize your budget, and make smart choices from the start.

The type of wallet you choose will determine the entire crypto wallet app development process, as well as the crypto wallet development cost.

• With hot wallets (web/mobile apps), you're always online. This kind of wallet is usually less expensive and easier to make because its structure is relatively simple. But because they are always online, they need extra layers of security like biometric verification and multi-factor login to keep users safe from cyber attacks.
• Cold wallets, which are hardware or paper that hold cryptocurrency, are safer. They offer a higher level of protection because they are not connected to the internet. But most of the time, they don't work with apps, which makes them less useful for everyday transactions. This kind of wallet is great for people who care more about protection than ease of use.
• Custodial vs. non-custodial: Will users control their private keys, or will your platform manage them? With a custodial wallet, the platform holds the keys. This makes things easier for users, but it also makes it harder to trust. Whilst non-custodial wallets give users more control over their money.
• MPC wallets provide a combination of the custodial & non-custodial ones. They split key management between multiple parties, improving security without compromising user experience—an increasingly popular solution for institutional-grade or scalable consumer products.
• Web vs. mobile wallets: In terms of platform choice, mobile wallets are now the standard for accessibility and everyday use. While web wallets are used less frequently as standalone products, they’re still valuable when integrated into larger ecosystems or DeFi platforms as part of a broader web application.

Tip: Non-custodial mobile wallets are often the best choice for startups because they let users keep control of their money while also making growth easier.

Your development budget can grow quickly if you add a lot of advanced blockchain development features. Users now expect full banking ecosystems, not just the ability to give and receive crypto. It's crucial to find a mix between what users want and what the business can afford, while also thinking about how to expand in the future.

• Know your customer (KYC) and user verification ensure compliance with regulations and enhances trust.
• Multi-currency support allows users to seamlessly manage various cryptocurrencies
• Scannable QR codes simplify transactions and enhance user experience
• History of transactions provides transparency and helps users track their spending
• Push notifications keep users informed about important account activities
• Staking or swapping functionality adds additional value and engagement options
• Integration with DeFi protocols or NFT platforms expands your wallet's functionality and appeal

Pro insight: The cost goes up with each new connection or blockchain because of the need for a new application programming interface (API) setup and testing. Start with the bare minimum and add to it over time.

People won't trust your crypto product if it doesn't have strict security measures. But getting the best security costs money. You can choose not to put money into security, but then you’ll have difficulties with building trust and keeping your project safe from possible threats.

• End-to-end encryption keeps data safe while it's being sent, so users' information stays private
• Biometric and two-factor authentication (2FA) login enhances security during the login process to stop people who aren't supposed to be there from getting in
• Private key management (seed phrase generation, storage) includes safe ways to create and store seed phrases
• Anti-phishing layers keep users safe from dishonest activities that could put their funds at risk
• Secure cloud infrastructure is necessary to store data safely and reliably
• Compliance with data protection regulations allows to follow the rules, which can help you build trust with users and keep you from getting sued

Must-have: Set aside money for regular checks of your protection. Failing to complete this step can lead to significant problems that will incur substantial additional costs in the future.

It doesn't matter how safe a wallet is if people can't figure out how to use it. Adoption is directly affected by UX, and yes, design does affect development costs as well. 

• Intuitive onboarding and wallet setup
• Clear navigation for transactions and balance viewing
• Responsive design across mobile devices
• Accessibility (dark mode, large text)

Goal: Keep the user interface (UI) easy to use, especially if you aim at various audiences - both professional users and those new to crypto.

Blockchain app development cost for wallets can change a lot depending on where your workers are located and how they are organized. To that end, it's important to know how to balance quality and cost when choosing the right cryptocurrency wallet app development partner.

US/Canada: $100–$200

Western Europe: $70–$150

Eastern Europe: $40–$80

Asia (India, Vietnam, and so on): $25–$60

• Project manager
• Blockchain developer
• Frontend & backend developers
• UI/UX designer
• Quality assurance (QA) tester

Tip: Cryptocurrency wallet development companies like Peiko have teams of blockchain experts located all over the world. This is a great way to balance quality and cost.

Whatever stack you pick will impact the speed of development, as well as the ability to grow and be maintained. 

• Frontend. React Native, Flutter, or Swift/Kotlin (native)
• Backend. Node.js, Python, or Go
• Blockchain APIs. Web3.js, ethers.js, or third-party SDKs
• Databases. PostgreSQL, MongoDB
• Security layers. AWS KMS, Vault, or self-hosted solutions

Do not forget that the more blockchains or protocols you support, the more connections you will need to maintain up-to-date.

Launch isn't the end of development. Maintenance costs money over time, especially in a field like cryptocurrency development where things change quickly. 

• Fixed bugs
• Security patches
• Operating system (OS) repairs
• Changes to the Blockchain API
• Rolling out new features based on users' feedback

Tip: Plan to spend at least 15–20% of the total cost of building your site each year on upkeep.

There is no one price that can be used for each cryptocurrency wallet app development. The final cost to build a bitcoin wallet relies on many things, such as how the wallet works, how complicated the design is, what technologies are used, how long the development takes, and where’s your development team.

At Peiko, the custom crypto wallet development cost is usually between $25,000 and $90,000. This quote considers the work of full-time coders and is based on the project's features, level of customization, and scope. The price goes up as the features get more complicated, like supporting multiple currencies, integrating DeFi, and fingerprint protection.

Remember that these numbers show general ranges. To get an exact price, we need to know a lot about your long-term goals, technical needs, and product strategy. Our goal always remains the same - to make a safe wallet that can grow with your needs and doesn't break the bank.

These are rough figures based on what the industry normally does and Peiko's own internal standards. Final prices may vary based on features, team location, and project size.

Developing a multi-currency crypto wallet can be a major investment, but smart planning can help you control costs without sacrificing quality.

Working with a team that knows both your business goals and the blockchain space is key. You should also make sure you prioritize the right features. Keep your development budget low while still making a great product by following these tried-and-true tips:

Put things together slowly. Make sure your users can easily create wallets, send and receive basic cryptocurrency, and use two or three big cryptocurrencies, like Bitcoin, Ethereum, and Dogecoin.

This approach hortens the time it takes to get a product to market and lowers the initial costs. It also lets you use real user feedback to guide your growth.

You can leverage pre-built white-label platforms that offer essential features out of the box and allow custom branding. 

This saves time and money because you don't have to redo everything, and there is less chance of bugs in the core wallet code.

To make the cryptocurrency wallet development more flexible, ask your developers to create separate modules for functions such as supporting assets, verifying identities, sending alerts, and so on.

As the business grows, new currencies can be added or new services introduced without requiring a complete system rebuild. 

Use open-source blockchain software development kits (SDKs) and APIs that you know and trust, like Web3.js, ethers.js, or Bitcore, any time you can.

It cuts down on development time, license costs, and keeps big blockchain networks compatible.

Employ a blockchain development partner with a lot of experience, like Peiko, that provides dedicated experts willing to learn about your goals and assist you. 

You can get good results without spending too much on experts or hiring people in-house. Thus, you have the best speed, protection, and price.

Allow only the most-wanted assets at first, rather than starting with dozens of coins. Then, add more as demand grows.

Each coin needs to be tested, integrated, and watched over. To save time and make compliance easier, focus on the top few.

A clean, intuitive interface beats a flashy, over-designed wallet. Focus on clarity and usability in your solutions.

Heavy animations and unique UI frameworks aren't necessary for good UX. Instead, spend your money on backend speed and security.

Include maintenance and updates in your initial cost to build a bitcoin wallet forecast to avoid surprise costs later.

Plan ahead to keep your wallet safe, up-to-date, and able to adapt to changes in the blockchain without having to rush to find resources.

Excellence in Web3 and blockchain development at Peiko is the result of years of hard work, a lot of technical knowledge, and a good sense of the crypto space. We don't just make crypto wallets - we also create digital financial goods that are safe, flexible, and deliver long-term value to businesses across various industries. We work together with you and are hands-on to make sure we offer solutions that fit your strategy and business goals.

Bitsten is a great example of what we can do. It's a white-label crypto trading solution that helps blockchain businesses get up and running quickly without sacrificing security or speed. Peiko was responsible for the entire development process, from design to implementation, ensuring that the project met the client's requirements for speed, scale, and reliability. 

We gave them a solution that was ready to go live, with advanced liquidity tools, real-time trade features, and connections to third parties they could trust.

• Rapid deployment using a ready-made white-label architecture
• Enabled real-time trading with live price updates and instant order execution
• Scalable performance supporting up to 10,000 transactions per second
• Enterprise-grade security with KYC integration (SumSub), DDoS protection, and secure crypto storage
• Integrated leading tools like Fireblocks, TradingView, Huobi, B2C2, and SendGrid
• Trained client team on product operation for seamless post-launch ownership
• Customizable design and branding to meet future scalability needs
• Efficient use of resources within a tight budget and timeline (240 hours of setup)
• Ongoing support during the platform launch and post-delivery phase

You can use our crypto wallet and trading services right away, and they will continue to lead the market as they grow. Working with a team that gets it right from the start is the way to go. Especially, if you're tired of basic and ready for exceptional.

To really know crypto exchange wallet development cost, you need to plan strategically, have expert knowledge, and find the right development partner. Every choice you make, from the type of payment you use to the features you include, affects when you start and how well you do in the Web3 space in the long run.

As user standards rise and blockchain technology changes, it's no longer a choice to have a wallet that is safe, flexible, and easy to use - it's a must. At Peiko, we're experts at putting big ideas into blockchain goods that work well and are reliable. We’re ready to help you build a crypto wallet that offers real value quickly and on a large scale. Contact us and let’s start!