Cryptocurrency wallet is a software functionality allowing users to earn, monitor and transfer virtual currencies. Unlike existing banks or pocket wallets that store physical currencies, cryptocurrencies can only be recorded as transactions on the blockchain technology. If a cryptocurrency is transferred to the wallet it means that the ownership of the currency is signed off to a dedicated wallet’s address. Cryptocurrency wallet development is a requisite for the effective exchange of cryptocurrencies.

While the range of cryptocurrency wallet app development cost falls in the range of $80,000 to $90,000, there are a number of factors that goes into deciding the range.