How Do I Handle Cryptocurrency Transactions in a Wallet?

Handling cryptocurrency transactions requires integrating with blockchain networks to send and receive assets securely. First, ensure your wallet supports the appropriate blockchain protocols, like Bitcoin or Ethereum. For sending transactions, users must enter the recipient’s wallet address, the amount, and their private key to sign the transaction. Once submitted, the transaction is broadcast to the blockchain for verification. Implement transaction fee estimation features to calculate network fees for the user based on current blockchain congestion. Transaction confirmation comes after the blockchain network verifies the transaction, usually involving mining or validation nodes. To secure this process, use multi-signature methods for transactions involving large amounts or high-security requirements. Implement blockchain APIs to monitor the transaction status and notify users once confirmed. Always offer transaction history with detailed logs of incoming and outgoing transfers for user transparency.
source: www.blockchainappfactory.com/cryptocurrency-wallet-development