What is cryptocurrency wallet development?

Cryptocurrency wallet development is the process of designing, coding and creating applications for the purpose of securely storing, sending, and receiving cryptocurrencies. Wallets provide users with a secure place to store their coins and tokens, ensuring that only the user and no other outside entity can access the funds. Wallets also include features such as a transaction history, address book, wallet settings, and more. Developers must consider a host of security and privacy risks when creating cryptocurrency wallets, as users are entrusting their funds to them.