Top 5 Wallet-as-a-Service (WaaS) Providers

There are many crypto wallets on the market for non-custodial storage of digital assets. While some of these are created by wallet developers under their own brand, others are white-labeled. This allows companies to integrate a native wallet without being tasked with its development and maintenance.

Wallet-as-a-Service (WaaS) developers specialize in creating white-label wallets that can be easily integrated into dapps and apps, providing users with a robust solution for storing their crypto assets. If you’re considering enhancing your app by including 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. Its wallet solutions are relied on by leading brands, both crypto-native and traditional, to provide their users with access to web3 in all its glory. This includes not only support for tokens, but NFTs too. This has made Magic particularly popular with web2 brands looking to give their customers access to digital collectibles and to power rewards apps.

Toy brand Mattel has utilized Magic to create its collectibles wallet. Magic’s white-label solution has been designed for users who are making their first foray into web3. As a result, attention has been lavished on UX, ensuring that complexity is minimized and assets are neatly displayed within a built-in gallery. With support for social login and more than 10 authentication methods, Magic is demystifying web3 for millions.

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 within just 30 minutes. Thanks to the APIs Particle provides, dapps can connect to a vast multi-chain network, while its WaaS is compatible with iOS, Android and web apps.

More than 30 blockchains are supported by Particle and there’s naturally support for NFTs. One of the best things about Particle-developed wallets is that there’s an integrated fiat on-ramp that supports card purchases. By installing the SDK, developers can add a branded wallet to their app or platform quickly and easily and add a fully customizable UI.

Web3Auth

Web3Auth is a WaaS developer that allows projects to integrate a highly secure non-custodial wallet tol ensure their users’ assets are kept safe. What’s more, its wallets are easy to use, even for crypto newbs. That’s thanks to features such as MPC and account abstraction, which eliminates the need for a seed phrase.

The range of options available when commissioning a white-label wallet from Web3Auth is impressive. Choose the Core Kit, which is self-hosted with Web3Auth SDKs to connect or go for Plug N Play. This allows projects to integrate a crypto wallet in minutes complete with fully customized design. If you’re seeking a feature-rich branded wallet, Web3Auth is the WaaS for you.

Privy

If you’re a web2 company seeking to give your users exposure to the best bits of web3, Privy has a white-label wallet with your name on. Privy’s WaaS has been designed to provide a web2-like experience. Think social login, progressive onboarding, and top-notch security. Privy is proud of the extensive auditing its code has been subjected to.

The ease with which Privy’s WaaS can be integrated is commendable: the onboarding experience is as high as that which users of the wallet itself can expect to enjoy. Connectivity is also excellent: Privy makes sure that 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 cuts straight to the chase, displaying everything you need to create your own branded wallet on a single page. Choose your appearance, pick a theme and then settle on the dapps and other features you want it to come bundled with. There’s support for email and social logins and connectivity with popular web wallets such as MetaMask.

Account abstraction(for seedless design can be enabled in one click, and there’s a choice of secondary authentication methods. When you’re done making your selections, just copy paste the code Thirdweb provides and add it to your app. Who said wallet creation had to be complicated?

Thanks to white-label solutions from the likes of Magic, Particle, Web3Auth, Privy, and Thirdweb, it’s never been easier to superpower your app with crypto connectivity. Wallet-as-a-Service has transformed one of the toughest obstacles to web3 adoption, onboarding, into one of the simplest.