The ongoing buzz of blockchain technology has coerced major financial organizations to invest in its benefits. Since all the business verticals are now putting their resources into Blockchain, the vast technological development has gained significant traction in the past few months.
From startups to enterprises and even Fortune 500s, investments in blockchain technology have surpassed expectations making crypto wallet app development one of the most flourishing sectors of this era. The Global Crypto Wallets market size was worth $252 million in 2021 and is expected to grow to around $686 million by 2028.
This statistically backed rise in demand for cryptocurrency wallets has directly resulted in Fintech enthused businesses to add Cryptocurrency Wallets as a part of their revenue and business model.
This article will help you understand everything related to the crypto wallet app development cost and the factors affecting the same. We are now trying to cover a technology that has been the town’s talk and is already dominating the app development market.
To give you a rough idea, the estimated cost to develop a crypto wallet app can be between $25,000 and $200,000. The app’s price can vary according to several factors, such as the feature list, its UI/UX design, overall complexity, the number of hours it takes to develop the app, and the location of the hired development agency.
But, before getting down to what the development of a crypto wallet entails and how much it would cost you, head on to this guide to blockchain wallets to gain a thorough perspective on crypto wallets and their different types.
Comprehending the Crypto Wallet App Development Cost
As highlighted above, on average, cryptocurrency wallet app development costs can range from $25,000 to $200,000. The overall cost to develop a blockchain wallet app is further affected by its complexity level. Simply put, the more complex the cryptocurrency app, the more its associated cost.
For instance, a simple app with a basic feature list can cost you around $25,000 to $60,000. On the other hand, a full-fledged application with an extensive feature list can cost around $200,000. Choosing the latter can indeed increase the overall costs but are also worth every penny considering the ROI they are bound to get.
Here is an estimated cost range as per the app complexity and the time frame it takes to develop the Blockchain wallet app:
One of the significant factors that further determines the Blockchain wallet cost is the hourly rate of the developers. Well, let us give you a straight formula that can help you choose the price of your app based on the hourly rates.
The processes in the development phase of the crypto app include everything from requirements analysis and wireframing to the overall maintenance and quality assurance catered for the app.
Now that you have an infallible formula to determine the cost of the crypto mobile wallet app development, let us move ahead to the factors that contribute to the complexity of cryptocurrency wallet app development, thus affecting the costs.
Factors Affecting the Blockchain Wallet Development Cost
Several factors define a crypto wallet app’s complexity including its feature set, the tech stack that backs it, design elements, etc. Even though it is impossible to determine every factor that will affect your custom requirements for an app, the list below sums up the significant factors extensively.
Size of crypto wallet app: Size of the app is another parameter that affects the overall cost of a cryptocurrency wallet. More the number of features integrated in an app, more is its overall app size and thus, more is the cost associated with its development. One cost-effective solution to keep the budget in check is going for an MVP development that concentrates only on the core features in the initial version. It will help you offer a great customer experience at affordable costs.
The MVP will feature the most notable features of the app. After getting an initial review from the target audience, you can then move ahead and develop a full-fledged crypto wallet app integrated with an extensive feature list.
Design of crypto wallet: Non-complex and attractive designs play an essential role in the success of your crypto wallet. The cost of bitcoin wallet development will depend on the requirements, and an effective UI/UX design plan will cost more but will benefit you in the long run. Every part of your wallet app, like UI/UX design, wireframes, etc., will take time to design, depending on your choice of requirements. If you need a more complex structure, the overall investment is going to be huge.
Team Size: The blockchain wallet cost will depend on the team size of the blockchain development companies you choose. For instance, if you are looking to hire a freelancer, the overall cost of the app development will be comparatively less as compared to a full-fledged team of project managers, designers and developers. Choosing the latter will no doubt increase the overall cost but it will be worth it considering their overall professional expertise. A dedicated team of professionals can help you develop a strong product capable of offering a unique user experience to your customer base.
A standard team for cryptocurrency wallet app development will include:
1 Project Manager
2 Backend Developers
2 iOS/Android Developers
1-2 Quality Analysts
Tech stack to be used:
The technology stack used for the cryptocurrency wallet app development also affects the overall cost associated with it. A modern tech stack is further capable of putting your mobile app at the forefront of digital innovations.
Features to be included:
Features added to the crypto wallet app further affects its overall cost. A simple crypto wallet app with a basic feature list can cost around $25,000 to $40,000. On the other hand, a mobile wallet app with an extensive feature list including in-chat transactions, KYC verifications, OTC trading, etc. is bound to cost around $200,000 or even more.
Well, to give you a rough overview, we have explained all the features of a crypto wallet app below.
Top Features You Must Include in Your Crypto Wallet App
Although considered one of the most common features of a mobile app, when we look into a crypto wallet app, the authorization stage comes into the limelight of importance.
With this feature, users are made to sign up or fill in a form with their keys to access the Bitcoin wallet.
Since it is the first stage where keys are to be entered, the authorization feature must be developed with a proper and well-tested security protocol.
One way to ensure that the app is hack-proof straight from this first onboarding stage is to add Google Two-Factor Authentication.
By adding two-step authentication in the app, businesses can add a security layer generally avoided by generic non-crypto-based apps.
Since the crypto wallet app will allow users to transact money between different modes – between the same digital currency, between different digital currencies, and between digital and fiat currencies, they would need to be updated on the real-time currency value.
This feature will be aimed at making the whole transaction a lot speedier and more convenient by giving the users a mode to manage the addresses they frequently transact digital currencies with.
Using the push notification feature, the admin will be able to notify the crypto wallet app users of the price of their digital currency, the transaction’s success and failure, address addiction, etc. Users can update their account activity in real-time through the feature.
Paper Wallet Import
Many mobile wallet apps also come with the feature to scan the paper bitcoin wallet using the QR Code and then add keys to the app’s wallet to make a transaction. The scanned information can then be used to send and receive money.
The whole essence of Blockchain is to revamp the future of transactions. The most crucial part of the crypto wallet app is the transaction feature. Users can send and receive digital currencies within the crypto wallet app. Now, this app section must be 100% hack-proof and speedy.
A common but equally important part of the crypto wallet app is the security feature that it comes with. Based on Blockchain, the technology known to revolutionize Mobile App Security, you should give your users the option to change the pin or password or whatever private information they want to modify within the app.
Building a crypto wallet app, with all these features, from scratch would require the backing of a technology combination that is developed and combined in a way that the amalgamation would deliver a fast, scalable, and hack-proof solution. The choice of technology stack plays a dominant role in establishing a cryptocurrency wallet app development cost.
Read more about crypto wallet development cost
Are you thinking of executing an E-learning app in the market?
Then firstly you need to understand the concept of E-learning in more detail and also know about the types of E-learning app and what is the E-learning app demand in the market.
In this present time, every industry is taking the help of technology for maximizing their profits, as people love to use the technology for fulfilling their basic requirements. Every industry is now providing online services via web apps or mobile apps.
What are the Basic features an E-learning app contains?
Features list for a learner Panel:
Features list for a tutor Panel:
Feature list for an Admin Panel:
What are the factors on which the cost of the E-learning app depends?
The cost of the E-learning app is depended on some of the factors. Let me list down the factors affecting the cost of an E-learning app:
How much does it cost to develop an E-learning app?
As we have discussed the cost of an E-learning app is highly depends on some of the factors. We are at AppClues Infotech, which is a leading app development industry. We help you to develop an E-learning app by providing you with the best solution and Unique UI/UX design.
We can offer you to hire experienced and expert android as well as an IOS developer.
So here we are providing you with the approximate timeline and cost of developing an E-learning app:
The approximate cost of developing an E-learning app is $30,000-$70,000.
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Messaging is one of the most essential functions that smartphone users want to have at hand. Smartphone won’t be a must in our life if it has no chatting function. There is no one that doesn’t have WhatsApp, Viber, WeChat or Snapchat installed on his device. AppClues Infotech has a relevant experience crafting different messaging apps with top-notch technology stacks behind them, and we want to share our insights with you.
We have a team of professional Chat App Developers, experienced Whatsapp clone app developers who works hard on simple as well as complex problem and give their best out of it. Our Chat highly experienced app developers design an application which are elegant, feasible, easy accessible and capability to generate high traffic towards your website.
Ideal features in a Chat app:
The Cost to build an Chat app is between $12 to $15 per hour. The Cost is depends on complexity of a product and feature we need in chat app. The following three factors affect the final cost:
Benefits with AppClues Infotech:
With its years of expertise in developing messaging/ chatting apps, the AppClues Infotech team of developers has now endeavored into chatting app development. Our sole aim with the messaging apps development is to bring people closer with instant messaging facilities. The app developers at our company have helped us achieve the goal with utmost delicacy.
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Mobile apps have changed the way we do things. From entertainment to healthcare, everything these days can be managed by the smart gadgets owing to the apps within it. Even in the fitness segment, mobile apps have managed to create significant headwinds. App-based food and nutrition tracking tools have become quite common in modern lives. According to industry statistics, more and more users are eager about using a diet and nutrition mobile app in their everyday lives.
Creating a fitness and nutrition app for health-conscious users can be a lucrative option for startup owners, at present. People are turning quite serious about their health and fitness and in such a scenario, launching such an app can be a great idea.
How a Diet App is Helpful for End Users?
A diet and nutrition mobile app can help individuals in adopting a fit and healthy lifestyle. By keeping track of their dietary habits and providing personalized tips, it can allow users to achieve their fitness goals. A mobile app can help with the following aspects:
Critical Features You Need in a Diet and Nutrition App
As you can see, a diet planner mobile app can be quite useful for an end-user and an amazing opportunity for any startup entrepreneur. But before you move ahead with health and fitness app development, you should have a clear idea about the features your app will offer. Here are some useful features that every diet and nutrition mobile app must have:
Social media is a great motivator and influencer. By adding a social sharing feature in your mobile app, you can make users commit to their goals. Users can share their goals, daily progress, and diet plans with friends over social media. This will have multiple benefits. Firstly, users will continue to stick to your app, and secondly, the more users will come to know about your diet and nutrition app.
Other Important Features to Focus on While Development
Past Diet History
Integration with Google Fit/ Apple HealthKit
Healthy Shopping Assistance
Process of developing a Diet and Nutrition App
If you are thinking to move ahead with iPhone/Android health and fitness app development, you need to have a strategic plan along with a clear process for success. Here are some steps that can help you build a diet and nutrition mobile app:
Planning and Roadmap Development
Before moving ahead with anything, you need to have a clear plan and functional roadmap about your development process. This should essentially include:
The features you wish to have in your mobile app
Once you clear these basic things, you can move ahead with the documentation part.
Technical documentation will help you create a functional blueprint that would document everything you planned in your roadmap. This will ensure that everyone on board has a clear idea about what to do and what to expect from the results.
Once you are done with the planning and documentation part, you need to focus on the app design. Your app should be interactive, intuitive, and engaging. Also, you need to make sure that all the features in your mobile app are easily accessible and understandable. Maybe you should think of going with a minimalist design. Once you get in touch with an interface designer, he/she will help you finalize a wireframe and the UI design based on which the development can begin.
The development phase would involve working with developers for Android or iOS app development. All the features will be coded, and your mobile app would be made functional with the UI design as a base. You need an expert development team to ensure you get the best results from the development activity.
Testing and Deployment
Once everything is done, the last part is to test your mobile app before the final deployment. Testing can be done on various parameters. Your main goal should be to eliminate bugs and ensure that your app works flawlessly in various situations.
How much will the app development cost?
To analyze the cost of developing a health and fitness mobile app, you may need to get in touch with an expert mobile app development company. Generally, the cost of development depends on the features you need in the mobile app and the team you look forward to engaging for development.
For a diet and nutrition mobile app, you would need the following members in your development team:
Cost of Engaging an Expert Team
The cost of development also depends on the complexity of your concept and the place you wish to hire mobile app developers. You can either think of building an in-house team or engage an offshore development team as it is generally cost-effective in the case of startups. The actual costs of building the app can be ascertained by connecting with a professional mobile app development company.
Creating a mobile app in the healthcare domain is not an easy task. You need an expert team having knowledge and experience of building and deploying a full-scale healthcare app.
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The newspaper sales have gone down ever since the media decided to have their news mobile apps. To be precise, a 7% drop in sales in 2015, and the percentage is predicted to be even more in the present. According to a survey, an average user spends 2 hours on phone to check news updates.
Mobile phones have been around for a while now but mobile apps have taken over the human lifestyle. In America, only 2% of the population said they read printed newspapers and find it useful. The majority of the population either don’t read the news more often or read it on a digital platform.
In India, the readership of print media has decreased as per May 2017 reports from the Audit Bureau of Circulation (ABC). The same is the case with countries such as the UK, Germany, etc.
The stats above show the readership of some popular news channels such as Buzzfeed, CNN, Fox News, etc. All these stats prove how fast the newspaper mobile apps are becoming a choice over the print media. However, for some news channels, the cost of news app development is often a matter of concern.
The ROI From News Apps
Whether you are going to make your news app or get it developed by news app builder, you have to know the benefits you will get from the news app. It does not matter how much money you have put in the news app development as long as it gives a good return on the investment.
Just like you have a subscription for your printed newspaper, you can apply the same method to deliver quality content to users in exchange for a fee. News apps like NYTimes have this method where they offer a certain number of free articles to readers and if they wish to read more than that, they have to get a subscription.
Businesses have spent more than $100 billion on mobile advertisements. For any news company having a mobile app, this becomes a great source of income. Having personalized ads for businesses will get you started. It will also be a good option to choose the ads as per the reader’s interests to increase the possibility of viewing the ad.
Campaign for Sponsors
Running a personalized campaign for sponsors on your news mobile app is another way of revenue. Tickets to shows or events can be sold on the app. This can also be done for a specific location or a particular group of people having similar interests.
More reach and readership
It is sort of a given that with mobile apps the reach will increase. However, with the reach, the readership will also increase. Countries like Sweden, South Korea, and Spain have larger news app users. The format in which the content is displayed on apps is so much more appealing than that on the print media. The use of GIFs and high-quality images increases the chance of readership.
So, now you know the ROI from a news app. Let’s move on to further sections of news app development and the involved cost in newspaper app development.
Which is a better choice, Android, or iOS?
This is the most common yet the most crucial question when it comes to news app development. The debate between Android and iOS is ongoing ever since both of these became the top platforms in the development world. When it comes to the security of the app, iOS has been a more secure platform in 2018. But Android has a larger audience so if you are going for news app development for the first time and want to get more audience immediately then Android is a choice.
There is also an option to go for a cross-platform news app development which will expose you to a larger audience. Cross-platform app development will not only reduce the cost of developing a news app as compare to news app development cost for two separate apps but also decrease the time of newspaper app development.
But if you wish to go for one platform only, a newspaper app for iOS will be cheaper as compared to Android news app development. If you are wondering how to make a news app for the iPhone, then you can contact our team for any assistance.
Since we are talking about news mobile app development, the location plays a key role. Locals are likely to be more interested in your app than far-off readers. Choosing the platform that most of your local readers are on is the best choice. To make things more simple, just go for a platform that is the most popular among your readers.
What Features Should Be Included in News App Development?
Assuming that you are a first-timer while getting a news app developed, we shall discuss what features contribute to making a successful newspaper app. If you are planning to build the app yourself, this 76 point checklist for app development will answer all your ‘how to develop news app’ questions.
Before we head on to news app development cost, let us see the features a news app must have:
Login or Registration
This feature is very important. The users must be able to create a profile by logging in through their email address or their mobile number. Users should also be allowed to log in using any of their social media accounts such as Facebook, Twitter, or LinkedIn. Allowing these social media accounts to link with your app is a wise choice as the users can easily share any news on such socials.
A user profile needs to be filled by the users that will include data relevant to you. When a user has a profile it becomes easier to suggest content according to their interests and past search results. These profiles can also be used to create engagement on any of the news content, eventually increasing the reach.
Filter Search Option
This feature is seen on many apps and has been loved by users. Having a filter in the search bar allows users to search specific news as well as lets you know what kind of content your readers are looking for. A search can be filtered according to location, keyword, date, or latest trending news.
As per the graph above, 6 out of 10 people like to read the news on their mobile phones. So, to keep your readers up to date about when news a posted or what’s the latest news update, push notification can be used. This feature sends a notification to the mobile devices of the readers, letting them know what’s up in a fraction of a second. This feature is also said to be one of the marketing tools as it helps in user retention.
Filter the Feed
Filtering helps in what the users want to see and do not want to see. Usually, this is done by having a ‘Don’t show this to me’ option on every news post. The more optimized feed a user will have, the more time they will spend on the app.
Offline Reading Option
Most users prefer saving an interesting piece of content for later and for the same offline reading option should be used. This feature allows users to save content to read in an offline mode. This feature helps when there is no internet or the internet connection is slow.
All Types of Media
Words are not enough to make a piece of content interesting and that’s when images, videos, and audios come into the picture. The app should support all types of media including GIFs, PDFs, Slides, etc. This gives more flexibility to deliver the right message and express properly.
Like, Comment and Share
This is the most common feature in any social media app and should not be eliminated in a news app. The option to engage and the ability to share a piece of news makes the whole user experience a fun one. The share option should also allow sharing on other socials like Whatsapp, Facebook, Twitter, etc.
These were some of the features that a news app must include. Now we come to the most awaited section of the article and that is the cost of developing a news-based mobile application.
News app development cost depends on certain factors. These factors are:
These points affect the news app development cost. However, the general MVP cost estimate for a news app ranges between $18,000 to $20,000 for a basic app.
If you wish to add any additional features, the cost may rise. A high-end news app allowing more user action costs around $35,000 to $45,000.
This is not as scary as it sounds because the better the app, the more the ROI on the app.
However, if you know how to develop a news app for Android or iOS then you shall only pay for the tools you will be using. Some app development cost calculators can give an estimate of the development cost.
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What is TikTok?
TikTok is one of the world’s leading entertainment and music streaming mobile app. The company has the intention to create a platform that allows the user to capture and present their creative video making sense to the world. The users can create a video about daily lifestyles, knowledge, and memories that can be uploaded to showcase their creativity directly from their smartphones.
Our team at Data EximIT recently worked on to create a musical video app that was based on the idea of TikTok, which took around 6 months to finish the whole ideation to the development process and is set to hit the app markets very soon.
While there were some challenges associated with the creation of app like TikTok in line with AI integration that we faced initially, the learning and application curve was fairly low and we were able to overcome them in very little time.
As we all know the very concept of TikTok is all about following, liking, and sharing content. But it also provides users with additional features, including:
VIDEO UPLOADING: With this feature, users get the option to upload ready-made videos on their TikTok account. Here they get different features such as rotating, cropping, or even change the playback speed, to increase the user-engagement.
VIDEO EDITING: TikTok holds an impressive toolset of AR effects. These tools create engaging user-engagement with eye color change and other makeup tools. Further, users can add different types of stickers, animations, and masks.
LIVE STREAMING: This feature is super exciting, as it lets the users or I should rather say the video creators to experience live streams and in return receive virtual goods, after purchasing from TikTok Coins.
SOCIAL SHARING: This is the feature that allows the users on TikTok to share all their videos edited in TikTok on their different social media channels.
SOUNDTRACKS: This feature, lets the users add their favorite song to their short videos, right from the TikTok library
QR CODE SCANNER: Here users get the option to subscribe to each other, the app offers them a unique QR code.
DUET OPTION: The engagement quotient goes to another level, with this feature. It allows the TikTok users to create a video with a #duetwithme hashtag. Here other users can perform a duet with them.
GEOLOCATION: With the help of geolocation, users can check the currently active bloggers broadcasting live, in the vicinity.
ORIGINAL SOUND: TikTok allows its users to use their original sound as well while creating the video, which allows them to showcase their full potential in front of the audience.
HASHTAGS: No doubt, this is an engaging concept on TikTok, as it allows the users to use some innovative Hashtags. These hashtags, allow the users to create a creative approach. And further, help the users to make the most use of them.
MUSIC LIBRARY: Here the TikTok creator can access a larger group of music and this library is not limited to music only, but there are some famous dialogues also.
POST VIDEO/PICTURES: By using this very functionality, the users can share their videos and pictures on the app.
SPECIAL EFFECTS: In this feature, users can select different background music and create magical clips with a few easy steps.
SHARE USER PROFILE: With this feature, users can share their user profile with the other users in order to increase their popularity.
ADD OTHER SOCIAL MEDIA ACCOUNT: The other social media account must be a part of the TikTok. As it helps the users to share their videos on different social platforms and further gain recognition. Besides, they can also like, comment, and post other posts.
How Much Does It Cost To Develop An App Like TikTok?
Well, for a successful app to come into existence, something which really makes a difference is the number of factors, that can trigger or control your app development cost.
Although you must be worried about that how much does it cost to make an app like TikTok, then you must know that there is a number of essentials that can affect the app development cost are various, such as:
Let’s Create Big Stories Together…!
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