Is the role of crypto APIs for hardware wallets really important? Let's find the answer in this article right now!
When investing in cryptocurrencies, secure and safe storage is always a top priority.
Because the cryptocurrency world always has many hidden dangers that are difficult to predict, affecting the experience of investors or even worse, losing all assets.
Therefore, investors need to focus on establishing a strategy to protect their assets and hardware wallets are considered the most perfect solution at the moment.
What is a hardware wallet?
Almost every exchange on the market today offers a variety of options for investors' storage, with varying benefits and conveniences.
However, if the trading system has serious problems such as being hacked, investors may not get their money back, which is why people need hardware wallets.
A hardware wallet is special device invented to help store private keys in the safest way.
It is rated by users as having a better level of security than wallets on computers or smartphones, because it connects to the Internet all the time.
When using hardware wallets, investors do not need to worry about their accounts being hacked from fake devices.
Besides the name hardware wallet, this type of device is also known as cold storage because it helps to protect private keys from third parties, eliminating any risk of assets being illegally compromised.
From hardware wallet to blockchain
With the desire to ensure performance and prove its service reliable, each non-custodial crypto wallet provider usually supports more protocols, coins, tokens as well as other types of digital assets.
Besides, they also need a blockchain connection for broadcasting signed transactions, accessing accurate balance data, receiving notifications when there are new events, etc.
The process of building and deploying that infrastructure and features from scratch costs considerable time, money, effort.
Not to mention the expertise and additional costs required to run private blockchain nodes.
Therefore, it is better for hardware wallet providers to connect directly with a trusted intermediary and this is where the help of crypto APIs is needed.
Why choose crypto APIs for hardware wallet
Crypto API's blockchain infrastructure suite will help simplify the previously complex management of hardware wallets by providing unified data and broadcasting tools in a full-service solution.
Below are a few features that we will get when we apply crypto APIs for hardware wallet:
- Completely secure.
- Get details on balances, unconfirmed and confirmed transactions.
- Data of mempool.
- Fees recommendations.
- Tokens tranfers.
- Internal transactions.
- NFTs.
- And much more.
