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What Startups Should Evaluate Before Hiring a Custodial Wallet Development Company?

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(@nickcotter)
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I had a conversation with a startup founder a few weeks ago regarding their plans to launch a custodial crypto wallet. They told me that they got a very mixed response when they started reaching out to different developers. It became difficult to determine who was the best option because some of the people focused on the price, while others focused on the features.

They discovered after considerable investigation that choosing a custodial wallet development provider involves more consideration than price. Startups should look at the following important factors:

  • Experience in blockchain security (how they manage private keys and encryption).
  • Compliance knowledge (whether they understand KYC/AML rules).
  • Customization options to match your business model.
  • Post-launch support for maintenance and updates.

 

These factors help startups avoid security risks and ensure long-term reliability.



   
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