Cryptocurrency wallets are special software programs designed to store people’s private crypto keys, giving them exclusive access to their digital assets stored on blockchain networks. When someone wants to buy, sell or manage their assets securely, they need to use their crypto keys to initiate the transactions or changes.
Cryptocurrency exchanges and other companies will include crypto wallets in their platforms for customers to use. However, crypto wallets are no longer just for storing and trading digital assets. Modern enterprises are now using crypto wallets to secure their business transactions and crypto loans. The wallet can safely store the borrowed funds and initiate the transfer of the collateral to the designated lending platform.
1) Change NOW
ChangeNOW provides the software foundation for a fully operational, non-custodial, white-label crypto wallet for digital asset management. It supports over 1,500 coins and tokens across more than 110 blockchains and includes built-in features such as cryptocurrency exchanges and fiat purchases. The white-label crypto wallet can be customized according to customer needs, especially for NFT storage, staking and fine-tuning transactions.
Businesses can easily differentiate themselves in crowded crypto marketplaces by adding the ChangeNOW white-label crypto wallet to their platforms. It adheres to strict industry standards, such as SOC-2 and ISO27001 standards, to ensure your customers receive robust data and privacy protection.
Small businesses can benefit from fast and low-cost integration of the white-label crypto wallet. New start-ups can more easily enter the market and compete with crypto wallets from other major brands. They don’t have to make substantial upfront investments or worry about long wallet development timelines.
Mid-sized enterprises can also reap the benefits of fast and affordable white-label crypto wallet integration. Because they are already established businesses, mid-market companies can scale up and become even more competitive in the crowded crypto markets without depleting too much of their existing resources.
Large enterprises can benefit from using the white-label crypto wallet if they need advanced customization options and a high level of security on their platform. Instead of spending substantial capital on building their own wallet, they can spend their capital on tailoring the wallet to their internal requirements and needs.
By integrating ChangeNOW’s Crypto Exchange API into your platform, you get a white label crypto wallet, as well as other features such as a white label crypto exchange and payment gateway. Performance metrics include 10-minute accident warning time, 99.99% availability, speed, and 350 ms response time. The API and crypto wallet work seamlessly on both mobile apps and web platforms to maximize their accessibility.
The ChangeNOW crypto wallet is ideal for businesses in the crypto lending and payments industry, especially when they regularly process large transactions. There is even 24/7 support available from a dedicated manager when companies need technical assistance.
2) Metamask
MetaMask has become a popular and powerful Web3 crypto wallet thanks to its integration with almost all major NFT marketplaces and decentralized finance apps. Its advanced security technology makes it one of the most trusted crypto wallets online. Some of the features include customizable transaction settings, slippage controls and token tracking.
Both novice and professional users will find it easy to conduct secure business transactions and manage assets with this wallet. The open-source security and design make it easy for businesses to customize the level of protection for their wallets, including user access control via PIN and passphrase.
3) Fire logs
Fireblocks has established itself as the industry standard for securing digital assets. It serves as a Wallets-as-a-Service platform that allows businesses to create and manage millions of crypto wallets for their customers. Companies have full control over their customers’ private keys while offering enterprise-level custody under their own brand.
Fireblocks provides businesses with a simple, secure way to launch or scale their blockchain-powered services. All wallets and their stored assets are secured by industry-leading Multi-Party Computation (MPC) technology, which splits private crypto keys into cryptographic shares across multiple devices. That way, the private keys are not stored in one location, ensuring maximum security for digital asset activities.
4) Coinbase Prime
Coinbase Prime is a branded crypto wallet solution for businesses. It can enable the custody, trading and financing of digital assets on a single platform. Large companies will find this quite attractive, especially if they want to offer crypto lending services without tackling the traditional technical challenges.
Prime users can lend their cryptocurrencies and digital assets directly to Coinbase to earn interest, or borrow against them to improve capital efficiency. While interest rates vary by market and asset, Prime users will have access to DeFi protocols with competitive rates. If the user uses assets as collateral to borrow money, he pays a variable interest rate set by the protocol.
5) BitGo
BitGo is an icon in the cryptocurrency space as it was the first platform to invent and commercialize multi-signature crypto wallets. The advantage of multi-signature wallets is that they require authorization of several private crypto keys before a crypto transaction is approved. In the twelve years since its founding in 2013, BitGo has expanded its offering to include regulated asset custody, DeFi access, trading, and staking services. Today, BitGo serves more than 1,500 institutional clients worldwide.
BitGo processes more than 20% of all Bitcoin transactions on-chain by value. The settlement network enables direct off-chain loan settlements to support transactions between institutional clients. You don’t have to wait for confirmations down the chain, as you often do on other platforms. This not only reduces counterparty risk, but also increases capital efficiency.
6) General ledger company
Ledger is the leader in consumer hardware wallets for protecting crypto assets. Companies that want to maintain self-control over their digital assets while maintaining strict regulatory policies will benefit from using Ledger. The hardware wallets are secure physical devices, such as the Nano X and Nano S Plus, that store private crypto keys offline to protect digital assets from online threats and hacks.
Companies can set their own governance rules using the Ledger Enterprise platform, such as requiring executives to approve high-value transactions. You can also limit certain transfers to only a special list of pre-approved crypto wallet addresses.
Conclusion
When choosing the best crypto wallet for business transactions, asset management and crypto lending, the supported functionality, security and liquidity of the wallet should be taken into account. While all the above crypto wallets offer many impressive features for business transactions, wealth management, and lending, only one stands out as the best.
ChangeNOW offers the perfect balance between functionality, security and liquidity, thanks to its custom white-label crypto wallet and support for over 1,500 coins on over 110 blockchains. All assets are sourced from reputable centralized and decentralized exchanges to ensure liquidity when conducting secure business transactions and collateral transfers with crypto wallets.
