Bitcoin Forum

Bitcoin => Project Development => Topic started by: dynam1c on July 30, 2016, 01:10:25 PM



Title: Bitcoin Wallet Service
Post by: dynam1c on July 30, 2016, 01:10:25 PM
Hello, I am interested in creating an online Bitcoin wallet provider, similar to BitGo, - my website will offer an investment option.  I have absolutely no experience in coding or programming, but I do have a very experienced developer on the team who I trust wholeheartedly, he'll begin developing this project as soon as his current project is finished.  How much would a project like this cost to develop?  Finances are no problem for me whatsoever.  I'd like any advice! :)  Cheers.


Title: Re: Bitcoin Wallet Service
Post by: mobnepal on July 30, 2016, 04:04:17 PM
Don't know much how inside code in bitgo work however transaction fee free transaction as well as instant confirmation are feature bitgo instant provide. I think it will be not less than 3000 to 5000 USD in development cost or even more because i don't think only one developer can make that whole script. You may need front end developer, backend programmer, graphic desinger as well as social media marketer in starting phase so it may cost a lot more than my prediction.


Title: Re: Bitcoin Wallet Service
Post by: dynam1c on July 31, 2016, 11:29:10 AM
Don't know much how inside code in bitgo work however transaction fee free transaction as well as instant confirmation are feature bitgo instant provide. I think it will be not less than 3000 to 5000 USD in development cost or even more because i don't think only one developer can make that whole script. You may need front end developer, backend programmer, graphic desinger as well as social media marketer in starting phase so it may cost a lot more than my prediction.

Thank you for the help mate.  I that is way below what I thought it would cost.


Title: Re: Bitcoin Wallet Service
Post by: pedrog on August 01, 2016, 03:54:59 PM
A couple mil will get you started.

https://techcrunch.com/2014/06/16/bitgo-raises-12m-led-by-redpoint-for-multi-signature-bitcoin-wallets-services/


Title: Re: Bitcoin Wallet Service
Post by: dynam1c on August 01, 2016, 04:15:37 PM
I highly doubt I'd need a "couple million" for this. 


Title: Re: Bitcoin Wallet Service
Post by: bitcapitalist on August 01, 2016, 10:40:16 PM
You don't need millions. But in my opinion is not worth it. People have blockchain.info as standard and people who know about bitcoin buy hardware wallets to store their values. You need to give something that no one else does.

I think 30-50k range can get you a nice initial web app, but you will need a mobile app too.

Your service should be based in security and convenience. People don't want a new scam, this turns people from coming to the Bitcoin world.


Title: Re: Bitcoin Wallet Service
Post by: bitdumper on August 02, 2016, 10:20:45 AM
thats a nice project i have also thought about something similar like this and i have recently started worling on this project.its only about 2days now i am building a investment site just to sell it later but i am using blockchain api insted of bitgo