Be ready to time-travel.

When technologies are not yet developed, you carry a camera, an MP3 player, a calculator, and a wallet wherever you go.

Then, suddenly, a smartphone came and changed your life.

You don’t need to carry each thing separately. You just need a smartphone that has all these gadgets in one place. The same is happening in crypto wallets.

Now you can buy, sell, exchange, and even earn from your crypto wallet with an integrated exchange feature. These new “smart wallets” make crypto trading easy and help to manage digital assets.

In this blog, you’ll see what a crypto wallet with built-in exchange features is, how it is getting so popular, its key features and top crypto wallets offering integrated exchange.

Read on to know more!

What Is a Crypto Wallet with Built-In Exchange?

A crypto wallet with built-in exchange is a digital wallet that lets users buy, sell, and exchange cryptocurrencies directly within the wallet’s interface without switching to the exchange website or apps. These integrated crypto wallets can be either custodial or non-custodial.

Like custodial, the provider owns the private keys, and similarly, non-custodial, the user maintains control, but the wallet uses decentralized exchange (DEX) aggregators or APIs to allow trades. This provides the convenience of handling and exchanging digital assets on a single platform.

Why are Crypto Wallets with Built-In Exchanges Becoming So Popular?

There are multiple reasons behind the popularity of crypto wallets with built-in exchange. It can make trading easier, quicker and more secure. Here are some reasons why more founders and users are moving towards this trend:

Complete control and ownership

A crypto wallet integrated exchange allows users to trade directly from their wallets, when compared to a typical exchange, where the platform holds their assets. Private keys are always owned by users, so they’ve full control over their cryptocurrency.

Smooth convenience

It eliminates switching between trading platforms and wallets. They can easily store, transfer and exchange crypto in one location. Even DeFi tools are available for research within a single and user-friendly app.

High-level security

An additional layer of security is provided by these wallets. It is less vulnerable to traditional exchange risks like frozen withdrawals, hacks, and unexpected lockouts. Because users’ assets are kept in self-custodial wallets and transactions take place directly on-chain.

Direct DeFi access

Many crypto wallet-integrated exchanges link directly to DeFi platforms, enabling users to explore new decentralized projects, stake tokens, and offer liquidity without having to switch applications. It acts as their gateway to the wider industry of blockchain.

Mobile-first experience

Today, millions of people are using mobile wallets. These integrated exchange wallets are designed to make trading crypto on smartphones simple and quick. Managing and exchanging assets has never been simpler than this for both beginners and experienced users.

Increasing ecosystem support

Popular wallets like Coinbase Wallet, Trust Wallet, and MetaMask are leading the way in this innovation. The in-app trading tools are always updated to make crypto trading more effective and easier. As these solutions develop, wallet-integrated exchanges are grabbing the lead.

Essential Features of Crypto Wallets with Integrated Exchange

If your next project is crypto wallet development with an integrated exchange, then you should include these essential features:

100% on-chain transactions

All transactions are done directly on the blockchain, ensuring complete control and transparency. Users don’t need to depend on or trust a centralized exchange because money stays in the user’s wallet.

Best market price with liquidity aggregators

Liquidity aggregators like 1 inch or Matcha that are integrated with many modern wallets search several decentralized exchanges for the best available trading rates. This means users can benefit from lower costs without having to do much work.

Real-time portfolio insights

Users can evaluate real-time price charts, check their overall asset worth, and analyze performance over time, all from a single dashboard with built-in portfolio tracking. It is a simple method of monitoring earnings, losses, and market trends.

Quick in-app swapping

Don’t move between webpages or applications anymore. Users can quickly trade one crypto for another inside the wallet due to the built-in exchange. The wallet integrates with DEX to retrieve the current prices, which makes the process fast, easy and safe.

Simple cross-chain exchange

Cross-chain swaps are now supported by advanced wallets, allowing users to exchange tokens across several blockchains without any expensive bridging procedures or manual transfers. Managing mult-chain assets is made much easier by this capability.

User-friendly design

Exchange-integrated crypto wallets are designed for users by including features like clean interfaces, simple navigation, and transparent transaction procedures. Whether they’re beginners or an expert, trading and handling crypto seems simple.

Strong security and privacy

When it comes to a crypto wallet, security is the most important thing. These wallets frequently have features like encrypted transactions, biometric login, and hardware wallet integration. Users have complete control of their private keys, which reduces the possibility of data breaches or attacks.

Top Crypto Wallets Offering Built-In Exchange

When crypto adoption keeps growing, users are no longer satisfied with wallets that only hold their digital assets. They are expecting wallets that allow them to trade faster. Some of the best crypto wallets offer an integrated exchange. Let’s have a look:

Trust Wallet

Trust Wallet links directly to Binance for buying and selling cryptocurrencies, and also provides integrated token swaps through DEXs. It offers self-custodial users a detailed, mobile-first experience by supporting multiple tokens, staking, and even NFTs.

Why users need it:

Integration with Binance and DEX swaps
Support for multi-token staking
NFT and support for multi-chain assets
Easy-to-use UI for mobile devices

MetaMask

MetaMask is one of the famous decentralized, non-custodial wallets that aggregates values from several DEXs. It is a great option for DeFi users to look for ease and control because users can perform transactions and compare prices without even leaving the wallet.

Why users need it:

Multiple DEXs (Uniswap, 1inch, Paraswap, etc.) are available.
Transparent pricing comparison before exchanging
Complete control over cash and secret keys
Accessible as a mobile app and browser extension

Coinbase Wallet

Coinbase Wallet serves as a bridge between the centralized and decentralized platforms by offering users access to in-wallet swaps (using DEXs) and connecting to the Coinbase exchange. For users who still require fiat on/off ramps but desire the security of self-custody, it is perfect.

Why users need it:

Easy access to the Coinbase exchange
Aggregators for in-app DEX switches
Support for NFTs and DeFi apps
Controlled brand awareness with DeFi access

Exodus Wallet

Exodus is an easy-to-use wallet with built-in cryptocurrency swaps via third-party providers that is accessible on desktop and mobile devices. It is perfect for people who are looking for a complete solution without becoming too complicated with DeFi because of its simple UI and integrated portfolio management.

Why users need it:

Integrated exchange that doesn't require account setup
Analytics and portfolio tracking in real time
Support for more than 100 different assets
Available via hardware integration, mobile, and desktop platforms

Revolut

Revolut is a financial app with built-in crypto exchange features, which is not like a conventional crypto wallet. It is widely known as a "crypto super app," which enables users to keep, purchase, and trade cryptocurrency along with fiat currency. Newbies should examine digital assets in a comfortable interface.

Why users need it:

Combines fiat and cryptocurrency in one app.
Simple onboarding for beginners
supports price alerts and recurring purchases.
Backed by a financial institution with a license

Conclusion

Stop swapping in different apps and start using a crypto wallet!

Just like smartphones are replaced, a crypto wallet with a built-in exchange is replacing the need for a separate trading platform. Make use of this all-in-one solution and offer a great experience for your users.

Are you thinking about combining these two powerful tools?

Then hire a crypto exchange development company to build a wallet that provides both convenience and control. At Hashcodex, we work with clients from different industries all over the world. We help startups, fintech companies and crypto businesses develop a smart and secure wallet with integrated exchange.

We focus on innovation that simplifies tasks. Every project we take on is handled with care from the beginning to the end.