Everything You Need to Know About Crypto App Design

11minutes read
cryptocurrency app design

In recent years, cryptocurrency has taken the world by storm, revolutionizing the way we think about money. There is a growing need for user-friendly and secure platforms that allow individuals to store, buy, sell, and manage their digital assets. 97% of users consider cryptocurrency a safe way of earning an income through investing. With the increasing popularity of cryptocurrencies, the demand for high-quality crypto app design has skyrocketed, with many companies and startups investing in creating innovative solutions for their users.

Today, the total crypto market cap is $1,19 trillion. Despite the changing crypto nature, the potential benefits of well-designed crypto apps are undeniable. This article will help you understand how to create a successful cryptocurrency app design. Stay tuned!

What are Cryptocurrencies and Digital Wallets?

Cryptocurrency is a digital or virtual currency that uses encryption techniques to secure and verify transactions. Unlike traditional currencies, crypto operates independently of central banks and is based on a decentralized system known as blockchain technology. Cryptocurrencies have a wide range of uses, including:

  • Investment,
  • Trading,
  • Peer-to-peer transactions,
  • Services and goods purchasing,
  • Micropayments,
  • Decentralized applications.

A blockchain is a digital ledger of transactions that are kept by a network of computers, each with a copy of the register. These networks work together to verify and validate transactions, ensuring the system is secure and transparent.

Types of digital wallets 

Crypto digital wallets are applications that allow users to securely send, receive, and store cryptocurrencies. Digital wallets use public and private keys for transactions and are typically available as desktop or mobile applications.

types of digital wallets
types of digital wallets

There are three types of crypto digital wallets: software, hardware, and paper. Let’s look at their details.

Software wallets. It’s the most popular type of wallet in the crypto industry. This wallet is always connected to the internet and designed for frequent use. However, it’s also a downside. Software wallets are more vulnerable to hacking and other security risks. Users receive unique public and private keys when creating a wallet. The public key is for receiving transactions, while the private key is for accessing and spending the cryptocurrency stored in the wallet. There are three types of software wallets:

  • Web wallets. Web wallets are available as web browser extensions. Security risks may arise as the software that powers a web wallet is stored on your internet browser.
  • Mobile wallets. This wallet type comes as a mobile application that you can download from the App Store or Google Play. The crypto keys are collected on your mobile device.
  • Desktop wallets. They are the same as mobile wallets, but your keys are located in the desktop app rather than a mobile one.

Hardware wallets. They are not connected to the internet and are designed for the long-term storage of cryptocurrencies. Hardware wallets store data on the hardware devices, such as USB drives. These wallets allow users to hold the keys offline, reducing fraud risk. Most hardware wallets enable users to sign and confirm blockchain transactions by plugging their devices into a computer.

Paper wallets. A crypto paper wallet keeps cryptocurrencies offline on a physical piece of paper. Users can utilize various online tools that generate public and private keys, which can then be printed on paper. Securing the private key is crucial, as it’s the only way to access the cryptocurrency stored in the wallet.

What is Cryptocurrency App Design?

Crypto app design provides a seamless user experience to interact with cryptocurrencies on mobile or web applications. It allows users to check their balances, buy or sell cryptocurrency, track market prices, and perform other cryptocurrency-related transactions.

types of crypto apps
main types of crypto apps

Having a well-designed app is highly beneficial. Let’s take a closer look at this.

  • Convenient use. Crypto apps allow users to manage their cryptocurrency on the go, anytime and anywhere, without needing a computer or a physical wallet. Well-crafted application has a user-friendly interface making it easy to manage cryptocurrency.
  • Multi-platform compatibility. Crypto applications can integrate with other financial platforms like banking apps or trading platforms. It simplifies buying and selling cryptocurrency process, as users can transfer funds without going through multiple platforms. Moreover, crypto apps are integrated with payment gateways to allow users to pay for goods and services with cryptocurrency. The data is stored on cloud or blockchain servers offering better security and scalability. It enables the app’s smooth synchronization across multiple devices.
  • Fast trading. A high-quality app is efficient, intuitive, and quick. Cryptocurrency trading apps give access to the market whenever they’re open. These apps provide users with real-time market data, including price charts, order book data, and trading volumes. It can help traders make informed decisions quickly and capitalize on opportunities in the market.
  • Secure operations. Security is the number one concern in the cryptocurrency industry. A well-designed app prioritizes security to protect users’ private keys and prevent unauthorized access to their accounts. It ensures secure storage methods, such as hardware wallets or secured servers, to store users’ sensitive information.

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Crypto App Design Best Practices

How to create a high-quality crypto app? Combining all the critical features while providing users with a satisfying experience sounds tricky. Follow Gapsy’s advice on this topic and use these tips in practice.

crypto app design tips
best practices for a crypto app design

1. Analyze the target audience and competitors

The road to success is to understand your end-users’ needs. Digital wallets are used for various reasons, so your crypto app design should consider each of them.

It’s essential to evaluate users’ age and geography. Cryptocurrency adoption is highest among younger age groups, with millennials and Gen Z being the most likely to use and invest in crypto. However, older generations are also showing an increased interest in the topic, so it is critical to consider a wide range of ages when targeting potential users. Crypto acquisition varies by country, with some being more open to digital currencies than others. Thoroughly research your end-users and understand the regulatory landscape in those regions.

Cryptocurrency may appear complex to some people. Based on this, consider the target audience’s level of knowledge and experience with crypto. A crypto app targeted towards beginners needs to provide educational resources and simplify the UX, while a more advanced app caters to experienced traders and investors.

Knowing your audience’s platform behavior can help to simplify the design process. For example, the app should be optimized for mobile use if the target audience is more likely to use mobile devices than desktop computers.

Conduct a competitive analysis for a crypto app design to identify existing competitors’ strengths and weaknesses as well as opportunities for innovation. Analyze the features of each competitor, including trading tools, security measures, user interface, and customer support. Consider what features they offer that users find most valuable and what areas they may be lacking. It will help to optimize your crypto app and stand out among competitors.

2. Make an easy-to-use interface

A user-friendly cryptocurrency app design is critical for attracting and retaining users. Here are some key aspects to pay attention to when designing.

cryptocurrency app design interface components
how to create an easy-to-use interface
  • Concise UI. Crypto apps often deliver complex information such as terminology or comprehensive quote charts. As a result, users find it challenging to interact with the content. It’s crucial to create an intuitive design to decrease customer confusion level. Your crypto app UI design should help users navigate the platform, so focus on simplicity. Don’t overload pages with visuals and graphic elements like icons, buttons, or animations. Keep the same color palette throughout your design. It adds personality to your brand and keeps users focused on the primary information. In addition, use consistent design patterns, including typography, color, and layout. It creates a sense of familiarity for users.
cryptocurrency app design concise ui
concise ui in crypto app design
  • Structured navigation. Information architecture is a critical component of cryptocurrency app design as it helps to organize and structure the information in a way that is easy to understand and use. In such a manner, UX experts must devise a flow that allows customers to find what they need as quickly as possible while navigating between screens or pages easily. Start by defining the main app’s sections and features (buying and selling cryptocurrency, tracking account balances, viewing transaction history). Create a hierarchical structure for the app, with the most frequently used features at the top and more detailed features and settings implemented underneath. Provide users with a search tool, allowing them to find specific info within the app.
  • Easy onboarding. The onboarding process sets the tone for the user’s experience with the app. Crypto is compound, so keep the onboarding as simple as possible. Focus on the user’s goals and how the app can help achieve them. Highlight the app’s key benefits and how it makes their experience more manageable. Сollect the essential information for the users to get started with the app to not overburden them with details. Provide feedback and encouragement throughout the onboarding process to help the user feel confident and motivated to continue using the platform.
crypto app ui easy onboarding
easy onboarding in crypto app design

See also: How to Design an App.

3. Educate users on cryptocurrency

Cryptocurrencies are still relatively new to the market which leads to low awareness of the domain and its opportunities. As a result, many people hesitate to buy and sell digital currencies or make crypto payments. You are responsible for educating users on how everything works. Furthermore, customers’ fear of the unknown causes them to discontinue using a crypto platform as soon as something goes wrong.

Start by explaining the basics of cryptocurrency, such as how it works, what it’s used for, and how it differs from traditional currency. On this matter, avoid using technical jargon or complex terminology. Users may want to learn more than the basics, so provide resources such as blog posts, videos, and tutorials. Consider partnering with industry experts or influencers to deliver expert insights and perspectives. It will add credibility to your company and overall user confidence.

Don’t forget about customer support, as users may have additional questions. Consider this aspect in your crypto app design. Provide a dedicated support team or offer resources for users to get help. Use automation tools like chatbots and automated responses to handle common inquiries and support requests. It helps to save time and resources and provides faster comebacks to users.

Such educational content manages to improve user satisfaction and increase your profit.

Read more about Effective User Onboarding.

4. Visualize data

Data visualization is another feature that allows users to make informed decisions. Yet, enabling it is challenging in the context of the rapidly changing market or cryptocurrency app design.

Provide context for the data representation by including labels, titles, and annotations. It supports users’ data’s significance understanding and how it relates to their investment strategy. Choose the proper type of data visualization (line graphs, bar charts, pie charts, or scatter plots) and highlight it using different colors, shapes, or sizes. But be careful with it – overloaded crypto app UI may frustrate users.

It’s crucial to test various visualizations with users and gather feedback to determine what works best. Then, iterate on your designs based on user feedback to create an optimal data visualization experience.

Look at Gapsy’s Walcrypto app wallet screen. This design allows to track the quantity and value of all the cryptocurrencies that the user has.

gapsy wallcrypto case
walcrypto data visualization

It’s a great example of data visualization and Gapsy professionals always work on user-centered design that enhances user satisfaction level.

5. Design for security

Users rely on your app to keep their sensitive information and assets secure. Data breaches and hacker attacks are still here, so designers need to take steps to prevent them. Customer trust and your reputation are at stake, so security is the highest priority in the crypto app design.

To this end, companies must implement high-level security measures. Look at some ideas we recommend.

  • Two-factor authentication (2FA). Implement 2FA to add an extra layer of security to user accounts. It prevents unauthorized access to user accounts, even if a hacker has obtained their credentials.
  • Secure storage. This feature protects all the user data and assets. Use encrypted databases to store valuable user information, including login credentials and transaction data. For example, hardware wallets keep private keys offline, making them more secure against cyber attacks.
  • Educate users on security measures. Teaching customers about security best practices helps prevent user errors that can threaten their accounts’ security. Inform them about creating strong passwords and enabling 2FA.
  • Conduct security audits. Regular crypto app audits help identify and address potential vulnerabilities before hackers exploit them. Back up user data regularly to ensure users don’t lose their assets.

To wrap it up, companies must explain what kind of data they gather and why, as users are concerned about sharing personal information. Remember that these measures should help customers navigate your crypto platform with trust.

Gapsy provides more UX/UI design services.

To Sum Up

From providing easy access to digital assets to enabling fast and secure transactions, crypto app design has the power to transform the way people think about finance. Crypto app design is a rapidly evolving topic that offers a wide range of benefits for cryptocurrency users. Despite the challenges, the potential of crypto apps is vast, with new opportunities emerging all the time. As the crypto world continues evolving and maturing, the demand for high-quality crypto applications is set to increase, making this a dynamic field for designers and developers.

Gapsy Studio is an experienced design agency that will develop a qualitative cryptocurrency app design for you. We assure you of our professionalism and working approach. Feel free to contact us and see more of our cases. Let’s build your success together!

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