There are many crypto wallets on the market for non-custodial storage of digital assets. While some of these are made by wallet developers under their own brands, others are white-labeled. This allows companies to integrate a native wallet without the burden of developing and maintaining it.
Wallet-as-a-Service (WaaS) developers specialize in creating white-label wallets that can be easily integrated into dapps and apps, giving users a robust solution for storing their crypto assets. If you’re considering expanding your app with a native wallet, here are five of the best providers to choose from.
Magic
Magic is one of the leading WaaS developers of web3 wallets. Leading brands, both crypto-native and traditional, rely on the wallet solutions to provide their users with access to web3 in all its glory. This includes support not only for tokens, but also for NFTs. This has made Magic especially popular with web2 brands looking to give their customers access to digital collectibles and support rewards apps.
Toy brand Mattel has used Magic to create its collectible wallet. Magic’s white label solution is designed for users new to web3. As a result, a lot of attention has been paid to UX, minimizing complexity and neatly displaying assets in a built-in gallery. With support for social login and more than 10 authentication methods, Magic web3 unravels for millions of people.
Particle network
Particle develops a wide range of web3 tooling and its Wallet-as-a-Service product is one of the easiest to integrate. It allows developers to add a fully functional wallet to their dapp in just 30 minutes. The APIs that Particle provides allow dapps to connect to an extensive multi-chain network, while the WaaS is compatible with iOS, Android, and web apps.
More than 30 blockchains are supported by Particle and there is of course support for NFTs. One of the best things about Particle-developed wallets is that there is an integrated fiat-on-ramp that supports card purchases. By installing the SDK, developers can quickly and easily add a branded wallet to their app or platform and add a fully customizable user interface.
Web3Auth
Web3Auth is a WaaS developer that allows projects to integrate a highly secure, non-custodial wallet to ensure their users’ assets are kept safe. Moreover, the wallets are easy to use even for crypto newbs. This is thanks to features such as MPC and account abstraction, which eliminate the need for an opening sentence.
The range of options available when deploying a Web3Auth white-label wallet is impressive. Choose the Core Kit, which is self-hosted with Web3Auth SDKs to connect, or choose Plug N Play. This allows projects to integrate a crypto wallet in minutes, complete with a fully customized design. If you’re looking for a versatile branded wallet, Web3Auth is the WaaS for you.
Private
If you’re a web2 company and want to introduce your users to the best bits of web3, Privy has a white-label wallet with your name on it. Privy’s WaaS is designed to provide a web2-like experience. Think social login, progressive onboarding and top-notch security. Privy is proud of the extensive audits to which its code has been subjected.
The ease with which Privy’s WaaS can be integrated is commendable: the onboarding experience is as high as what users can expect from the wallet itself. The connectivity is excellent too: Privy ensures its white-label wallets are reliable when it comes to connecting to dapps, allowing users to dabble in everything from DeFi to NFTs.
Thirdweb
Thirdweb gets straight to the point and shows everything you need to create your own branded wallet on one page. Choose your look, choose a theme, and then choose the dapps and other features you want it to come with. There is support for email and social logins and connectivity with popular web wallets such as MetaMask.
Account abstraction (for seedless design) can be enabled with one click and there is a choice of secondary authentication methods. When you’re done making your selections, simply copy the code that Thirdweb provides and add it to your app. Who said that making wallets are complicated?
Thanks to white-label solutions from Magic, Particle, Web3Auth, Privy and Thirdweb, it has never been easier to provide your app with crypto connectivity. Wallet-as-a-Service has transformed one of the most difficult obstacles to web3 adoption, onboarding, into one of the easiest.
