Full Guide on Creating a Crypto Wallet App like Exodus

The need to create a digital wallet app is increasing rapidly. As per Research and Markets, the worldwide crypto wallet market is expected to increase from $19.03B in 2025 to $57.61B by 2029, achieving a CAGR of 31.9%. 

This rise is fueled by the widespread acceptance of digital assets, a growing interest in decentralized finance, and the demand for more user-friendly crypto wallets. In 2024, the percentage of crypto owners in the U.S. increased from 30% to 40%. 

As the demand for secure digital asset management and smooth wallet app functionality increases, the moment to build a cryptocurrency wallet is now, particularly if you aim to emulate popular Exodus wallet features with enhanced UX and scalability.

Crypto Wallet Market Overview 

The need to create a digital wallet app is increasing because of widespread cryptocurrency adoption. In 2024, the market value reached $14.39B and is projected to grow to $19.03B in 2025, exhibiting a CAGR of 32.2%. This indicates increasing demand for user-friendly crypto wallets and decentralized wallet options. 

Currently, more than 659 million individuals possess cryptocurrency. Numerous individuals favor mobile wallets that offer a user-friendly wallet app interface and robust cryptocurrency wallet security. This creates the necessity to build a cryptocurrency wallet that meets contemporary user requirements. 

Adoption is rapidly increasing in nations such as India, Vietnam, and Nigeria, where digital finance bridges the gap. For startups, this presents a significant chance to concentrate on multi-currency wallet capabilities and localized wallet application features. 

The cryptocurrency surge additionally drives blockchain technology incorporation throughout wallets. Entrepreneurs looking into crypto wallet app development costs ought to emphasize security, user experience, and mobile efficiency. There's fierce competition—but also significant opportunity.

Types of Crypto Wallets

Before exploring crypto wallet app development costs, it's essential to grasp how various types of wallets function. Cryptocurrency wallets are typically categorized into two types: hot and cold wallets. The appropriate decision relies on security requirements, user behaviors, and the frequency of crypto access.

Hot Wallets

Hot wallets remain constantly online. They provide quickness and ease, yet are more susceptible to internet dangers. 

Common types of hot wallets:

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• Mobile wallets – applications on smartphones that enable fast access and transactions.
• Desktop wallets – applications set up on computers that offer more sophisticated functionalities.
• Web wallets – wallets that operate in browsers and can be accessed from any device.

Hot wallets are excellent for everyday transactions. A robust user interface and UX for wallet applications are crucial for success in this area.

Cold Wallets

Cold wallets keep crypto offline, enhancing their security against hacks. They are favored by long-term investors.

Primary types of cold wallets: 

• Hardware wallets – tangible USB-style devices providing premium security for cryptocurrency wallets.
• Paper wallets – physical storage of printed QR codes or private keys. 

Although they offer greater security, cold wallets are not user-friendly, rendering them impractical for most user-friendly crypto wallets.

Focus on Mobile Multi-Currency Wallets

Contemporary users desire wallets that are safe, quick, and adaptable. Applications such as Exodus thrive due to their blend of: 

• A clear, user-friendly wallet application interface
• Robust security measures
• Simple digital asset management
• Compatibility with over 150 coins (features of a multi-currency wallet)

Startups looking to create a digital wallet app similar to Exodus should concentrate on:

• Design prioritizing mobile devices
• Seamless integration and navigation
• Trustworthy blockchain technology incorporation

This represents the ideal point in the current crypto wallet app monetization marketplace.

Top 5 Crypto Wallet Apps Compared to Exodus

When intending to build a cryptocurrency wallet, it is beneficial to analyze rivals. Every application presents distinct advantages in wallet app features, safety, and user interaction. Here are five well-known wallets and their comparison with Exodus wallet features.

Trust Wallet

• Supported by Binance, featuring significant adoption and reliability.
• Facilitates numerous assets and NFTs.
• Emphasis on mobile but restricted desktop choices.
• Provides distributed wallet services.

In comparison to Exodus: wider token compatibility, yet a less refined user experience and fewer integrated tools.

MetaMask

• Concentrated on Ethereum and chains compatible with EVM.
• Commonly utilized in DeFi and Web3.
• Powerful browser add-on + mobile version.

In comparison to Exodus: more beneficial for developers and DeFi participants, yet not suitable for beginners. Exodus is more of a user-friendly crypto wallet.

Atomic Wallet

• Provides multi-currency wallet features (300+ coins).
• Integrated staking and decentralized exchange functions.
• Great user interface, but a less clear security framework.

In comparison to Exodus: it offers similar features, yet Exodus provides a more intuitive UX and better security for cryptocurrency wallets.

Coinomi

• Established wallet that supports a variety of coins.
• Quick and efficient, accessible on various platforms.
• Does not include certain contemporary UI features.

In comparison to Exodus: it's more lightweight, yet it misses the refined wallet app user interface that contemporary users anticipate.

Guarda Wallet

• Offers support for more than 400,000 assets, encompassing NFTs.
• Provides access via desktop, mobile, and web.
• Experienced users can manage private keys.

‍In comparison to Exodus: offers enhanced features for advanced users, whereas Exodus is more straightforward and user-friendly for everyday tasks and digital asset management.

Key Features of a Crypto Wallet like Exodus

If you intend to build a cryptocurrency wallet, exploring Exodus wallet features is an excellent beginning. The app enjoys popularity due to its elegant design, extensive features, and robust security for cryptocurrency wallets. If you aim to compete in the current market, your MVP should include these five features. 

Multi-Currency Support 

• Exodus allows transactions for more than 150 cryptocurrencies.
• It's essential for efficient digital asset management.
• Users prefer to keep BTC, ETH, stablecoins, and altcoins in a single application.

For MVPs, prioritize support for leading currencies initially. Postponing expansion aids in balancing user requirements and crypto wallet app development costs.

In-App Exchange

• Users are able to exchange assets right within the wallet.
• Exodus connects with multiple DEX and exchange APIs to identify the best price.

This enhances wallet app functionality, increases user retention, and creates opportunities for crypto wallet app revenue via spread-based income or trading fees.

Portfolio Tracking

• The application displays users' assets and their market worth.
• It features live pricing, distribution graphs, and tracking of profits/losses.

These characteristics enhance the user-friendly crypto wallets appeal and assist users in handling their crypto more effectively, even if they are newcomers to the field.

User-Friendly UX/UI

• Easy onboarding process, even for newcomers to cryptocurrency.
• The navigation is straightforward, the labels are distinct, and the interactions seem intuitive.

An intuitive wallet app user interface prevents users from migrating to rivals. Keep the process straightforward – simplicity attracts customers.

Security Features

• Local storage of private keys occurs, encrypted on the user's device.
• Contains a 12-word recovery phrase, Face ID/Touch ID features, and auto-lock settings.

During initial blockchain technology adoption, consistently emphasize the security of cryptocurrency wallets. In fintech, trust is paramount.

Also read: How to Make a Cryptocurrency Exchange App like Coinbase: Features, Monetization, Cost

Tips for Developing a Successful Crypto Wallet App 

When considering how to create a digital wallet app, it's simple to concentrate solely on the features. However, true success arises from strategic planning – integrating user requirements, legal preparedness, performance, and potential for long-term growth.

Focus on Security-First Development

Security is not a choice – it’s an essential principle. From the very first day, your product needs to safeguard user funds, personal information, and access credentials. Robust security for cryptocurrency wallets begins with:

• Storage of private keys locally
• Backups encrypted and phrases for recovery
• Assistance for biometric verification

Steer clear of shortcuts in this situation. Even the most valuable players need to build trust. Users will not overlook a security breach, and in cryptocurrency, that frequently results in permanent loss. 

Ensure Cross-Platform Usability

Nobody desires a crypto wallet that functions solely on Android or that fails on iPads. Users today anticipate smooth interaction on all their devices. This is why creating a user interface for a wallet app that adjusts to different platforms is essential. 

Utilizing cross-platform frameworks such as Flutter or React Native can reduce mobile wallet development expenses while maintaining the native aesthetic. However, ensure the experience remains seamless: quick onboarding, straightforward navigation, and reliable performance on iOS, Android, and web.

Plan for Scalability

You might begin with 500 users, but what occurs when that increases to 50,000? Ineffective scalability harms performance, leads to outages, and undermines user confidence. Even during the MVP phase, preparing for expansion entails creating a backend that can: 

• Manage simultaneous transactions.
• Assist in expanding token lists.
• Adjust UI components for bigger portfolios.
• Incorporate additional multi-currency wallet functionalities in the future. 

The integration of blockchain technology needs to be modular and adaptable. You don’t need to create everything simultaneously, but your current developments should facilitate future growth.

Regulatory Compliance

It might not be thrilling, but it’s necessary. Depending on the location of your users, you may have a legal obligation to adhere to anti-money laundering (AML) and know-your-customer (KYC) regulations, particularly if your wallet has crypto wallet app monetization or allows asset conversion. 

Don’t delay considering compliance until after the launch. Investigate pertinent regulations at the outset, engage legal advisors if needed, and make certain that your data storage, identity verification, and user agreements comply with the laws of your target markets. For instance, the EU and the U.S. possess varying regulations that influence your blockchain wallet development costs and application framework.

Data Security in Crypto Wallets

Inadequate security will cause even the most advanced crypto wallet app to falter. Users anticipate flawless security for their assets, particularly in a decentralized environment where a “forgot password” option doesn’t exist. Here are four essential elements that every startup must focus on during blockchain wallet creation. 

Private Key Management

No aspect is more important than key security. If private keys are exposed or improperly stored, the harm is irreversible. That’s the reason why the majority of decentralized wallet solutions do not store keys in the cloud. Rather, they: 

• Create keys on the user's device.
• Keep them locally in an encrypted format.
• Do not necessitate any central access or recovery from the application provider.

This places the responsibility on the user, which can be empowering but also risky if not clearly communicated.

End-to-End Encryption

Encryption must encompass all information, including login credentials and internal wallet communications. End-to-end encryption ensures that only the sender and receiver (here, the app and the user) can access the data, even if it is captured.

If you intend to create a digital wallet app, incorporate:

• Secured storage for confidential data (PINs, phrases).
• SSL/TLS for transmitting data.
• Extra layers for backups or synchronization between devices.

This is not a choice. If your security falters, the product won't receive another opportunity.

Biometric Authentication

A wallet application that demands lengthy password entry every time won't endure. Users desire quick access, but not at the expense of security. This is where biometrics play a role. 

In contrast to other features, biometric login (such as Face ID and fingerprint scanning) is now something that users anticipate as a standard in any user-friendly crypto wallet. It includes:

• Speed: instant access with a single tap.
• Safety: protection at the device level.
• Trust: users are already familiar with these systems from their banks and mobile devices.

Incorporate this section into your wallet app user interface from the very beginning.

Backup and Recovery Features

In this case, clarity is more important than the code. If users are unaware of how to retrieve their wallet – or even worse, overlook the procedure – they jeopardize permanent loss of access. Thus, as you strive to lower crypto wallet app development expenses, ensure you don't compromise on this process. 

Numerous wallets feature: 

• Creation of a 12-word seed phrase accompanied by cautionary alerts.
• Encrypted backups to Google Drive or iCloud are available optionally.
• A specialized “Restore Wallet” option during login.

This phase may lack excitement, yet it establishes confidence. Exodus effectively manages this by leading users in the backup creation process early on, without becoming overly technical.

How Exodus Makes Money and Other Monetization Models

When you build a cryptocurrency wallet, one of the main inquiries after security and user experience is: how will it generate revenue? Exodus shows that crypto wallets can be lucrative while maintaining decentralization. Here are three effective monetization models to take into account, along with how Exodus implements them.

Swap Fee Spreads

This serves as the primary income source for Exodus. When users exchange one asset for another within the wallet, Exodus incorporates exchange APIs (such as ShapeShift, ChangeNOW) and applies a slight spread between the purchase and sale price. The spread may vary from 1% to 3%, influenced by liquidity and volatility. 

How it operates: 

• No need for an external account.
• Immediate exchanges with a tidy interface.
• Income increases with user engagement.

If you wish to activate crypto wallet app monetization without managing your own exchange, this is among the most scalable alternatives.

Our Experience: Kanso – Digital Wallet

One of our actual success stories is Kanso – Crypto Wallet. 

We developed this mobile-centric crypto wallet for a client, prioritizing user-friendly design and a safe user experience. Kanso provides:

• a sleek, minimalistic wallet application interface,
• assistance for various assets (multi-currency wallet functionalities),
• robust privacy and security of cryptocurrency wallets. 

This project embodies all that is detailed in this guide, including effective MVP creation and scalable integration of blockchain technology. If you want evidence that a digital wallet app similar to Exodus can be created with an efficient process and contemporary user experience, Kanso is the answer.

Premium Features 

Although Exodus currently offers basic wallet features for free, numerous competitors generate revenue via optional enhancements. Your MVP might also provide premium options that include: 

• Sophisticated portfolio analysis
• Integrations for cold storage
• Cloud synchronization or priority assistance
• Distinct multi-currency wallet functionalities

This model fits perfectly with mobile-first, user-friendly crypto wallets, as users are ready to spend for extra convenience, particularly if initial mobile wallet development costs remain minimal.

Affiliate Partnerships

Another indirect approach is to share revenue via referrals. Certain wallets (such as Exodus) connect users to outside platforms like staking services, fiat entry points, or hardware wallets. Whenever a user registers or makes a purchase via the link, the wallet receives a commission. 

Sample integrations:

• Staking via services such as Compound or Lido
• Recommendations for hardware wallets such as Trezor
• Fiat on-ramps such as MoonPay or Ramp

This model aids in balancing blockchain wallet development costs by establishing connections that expand as your user base increases.

What Does It Cost to Create a Crypto Wallet Like Exodus?

The crypto wallet app development costs are significantly influenced by the extent, functionalities, and security measures of your product. A simple MVP with fundamental features can be priced at approximately $10,000, whereas a mid-tier wallet with key functionalities and UI/UX typically falls between $25,000. For a comprehensive product that includes sophisticated design, integrations, and support after launch, anticipate spending up to $45,000 or beyond. 

Multiple elements affect pricing:

• The count of compatible assets (multi-currency wallet features)
• Complexity in design and tailored user experience
• Degree of security for cryptocurrency wallets
• Integration of blockchain technology is needed
• Assessment and adherence initiatives

We generally provide:

• MVP Lite (~$10K) for validating concepts
• MVP Standard (~$25K) for achieving product-market fit
• MVP PRO (around $45K) for scalable, ready-to-launch applications

Every level balances speed, expense, and features, assisting you in creating a cryptocurrency wallet that matches your present objectives. 

Concluding Reflections

The cryptocurrency wallet market is expanding rapidly, and with the proper concept, implementation, and team, your product can rival leading applications such as Exodus. Regardless of whether you're pursuing an MVP or a completely tailor-made solution, grasping the crypto wallet app development costs, essential features, and security requirements is crucial for making well-informed choices.

Prepared to create a digital wallet app that is safe, expandable, and easy to use?

Let's have a conversation. Contact us — we assist startups such as yours in building a cryptocurrency wallet that distinguishes itself in the current market.