Craft an Interactive Crypto Trading Experience

A finance organization chose to develop a crypto wallet application for both long-time investors and newcomers to the scene alike.

About the Client

Mobile app

UI/UX design

This article describes a real-life project. However, we cannot disclose our client’s name for privacy purposes.

The client wanted to have their own crypto wallet application, complete with the ability to perform financial operations, track market statistics, and store cryptocurrencies in a virtual wallet. Rikkeisoft’s developers worked closely with the client to fully understand what they wanted and built the application accordingly.

Project Overview

Industry

Financial Services

Technology

Python, Flask, GraphQL, React Native, microservice architecture, SAAS

Country

Vietnam

Timeline

Apr 2020 - Jan 2021

Challenge

Security in transactions

As with any financial application, the security aspect holds the utmost importance over everything. A wallet is likely to have thousands of transactions happening every day, and ensuring that each and every transaction is done securely over the internet is no small task.

Timely notifications

The crypto market is volatile by nature. Therefore, users of the wallet would benefit from a market tracking system that would notify them of significant fluctuations. The client knew it too and asked the development team to include a real-time market tracker that helps users cut their losses before it grows out of control.

Integration of features

The hardest part of the development cycle is, surprisingly, fitting every requested feature into one efficient app. Developing separate features is one thing, but having them work together seamlessly and effectively is a wholly different issue that takes the development team time and effort to resolve.

Solution

Blockchain-based application

Since the app is working with cryptocurrencies, it was a natural decision for Rikkeisoft developers to build it based on blockchain technology, ensuring security for every transaction made in the app.

The app was then developed as a wallet with support for more than 20 cryptocurrencies, including the most popular ones like Bitcoin, Ethereum, Litecoin, and more. Key features of the app, as requested by the client, are as follows:

Wallet
Users can see their account balance, alongside earnings and losses based on the current price of invested cryptocurrencies. The user’s latest transactions and fluctuations in wallet value are also available. Moreover, users can buy, sell, convert cryptocurrencies into fiat, invest, and conduct payments in just three clicks.
Market statistics
A real-time price tracker for cryptocurrencies is implemented in the app, with the ability to notify users in case of significant market fluctuation, assisting them in making timely decisions and avoiding losses.

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Reduced turn around time to produce a quotation.

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Implemented an automated inventory process.

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Streamlined pre-manufacturing processes.

Result

After its release, the app reached 1 million downloads in one month and is considered one of the best wallet applications for cryptocurrency investors.