Crypto and blockchain businesses need to rely on a stable infrastructure to quickly connect to networks, securely operate with digital assets and scale easily. But running and maintaining your own nodes requires sufficient capital, deep expertise, and an understanding of different protocols. This could make building blockchain and crypto products and services quite a challenge. That’s why many businesses and institutions often prefer to partner with blockchain services providers to create their projects.
In this article, we will review Crypto APIs – a Web 3.0 infrastructure provider with a product suite that helps blockchain and crypto businesses build their projects faster than ever and with greater ease.
Table of Contents
Crypto APIs Review: Product Suite
The upgraded version 2.0 of Crypto APIs includes a powerful product suite consisting of Wallet as a Service, Blockchain Data, Blockchain Events, Blockchain Tools, Blockchain Automations and Market Data.
The infrastructure layer utilizes Kubernetes and the OpenAPI 3.0 specification, making it easy to scale and customize. Using a single point of integration, customers can get access to over 170 endpoints connected with top blockchain protocols. Developers can choose between 9 SDK libraries in their preferred language and add the integration to their system.
The pricing options are usage-based, so you can always upgrade your plan if you need to serve higher demand or scale fast. Using Crypto APIs Wallet as a Service product can also save you up to 90% on transaction network fees.
Use the coupon GET30 to get a 30% off for new subscriptions.
Crypto APIs Review: Use Cases
Whether you’re creating a crypto exchange, crypto wallet, hardware wallet, or running other blockchain projects, you can do it using Crypto APIs unified endpoints quickly and without eating up your development budget.
Here are a few of the most popular use cases for Crypto APIs products:
Crypto Wallet
The Wallet as a Service (WaaS) by Crypto APIs is a preferred solution by businesses and institutions operating with cryptocurrencies and digital assets, looking for secure and flexible wallet infrastructure.
The multi-currency digital wallet is protected with Multi-Party Computation (MPC) technology, known as the most secure way for signing transactions and key management. Crypto APIs WaaS has several more security layers, including a governance approval layer, mobile application and backup disaster recovery tool.
Using the APIs, customers can generate deposit addresses, obtain various data on deposit addresses, set up notifications, forward funds, check balances and wallet transactions, contracts and much more across multiple blockchains.
Crypto Exchange
A reliable, secure, and stable crypto exchange needs considerable investments of both time and money. The infrastructure is extremely complex and the security needs to be top-notch.
With Crypto APIs, you can generate addresses, create transactions, get notifications, provide information on balances and fees, exchange rates, and much more from one dashboard.
They enable launching a multi-currency crypto exchange with battle-proof security cutting your go-to-market time and saving you from huge development costs.
Hardware Wallet
Cold wallets are a great security solution, but their management can get complicated especially for larger businesses. Crypto APIs make hardware wallet management easier. Their unified endpoints mean you can receive HD Wallet data (xPub, yPub, and zPub), broadcast signed transactions, and get callback notifications for deposits and withdrawals.
Crypto Taxes and Accounting
Calculating crypto taxes can be a nightmare since it depends on the type of transaction, the blockchain, the asset type, and so on.
Crypto APIs endpoints enable greater visibility of all transactions from all addresses. You can also use the Market Data to retrieve live and historical blockchain data and exchange rates to easily determine any taxable gains or losses.
DeFi Ecosystem
The DeFi ecosystem is in its infancy, but it is one of the fastest-growing areas of the blockchain which means there are plenty of opportunities to become market leaders.
Crypto APIs allow businesses to harness the power of cryptocurrencies by integrating blockchain technology into their financial solutions and applications.
Blockchain Explorer
Building blockchain explorers like etherscan.io or blockexplorer.one takes a huge amount of investment and time to sync and store the full data of all supported blockchains.
This whole process could be reduced to a matter of days with Crypto APIs as they have all the needed endpoints ready to be deployed. They have gone as far as building an open-source block explorer that supports top blockchain protocols.
Crypto APIs Review: Features
- 30+ Integrated blockchain networks (Testnet & Mainnet).
- 170+ unified endpoints
- 25 ms average execution time
- 99.9% uptime
- Unified data, webhooks, tools
- Enterprise-grade security
- MPC-based digital wallet
- Multichain Support
- Libraries and SDKs in your preferred programming language
How does Crypto APIs work?
Getting started with Crypto APIs is easy. Customers simply need to create and verify their account, invite their team in it from the dashboard and explore the features of the preferred solution. The best way to understand how it works is to check the technical documentation.
The free account provides access only to testnet networks, so you will have to upgrade if you want to make mainnet calls.
Use the coupon GET30 to get a 30% off for new subscriptions.
Here is what the dashboard looks like for the users:
Comparison with Other Products
With the services and products which Crypto APIs provide, it is often compared with Blockcypher. One of the greatest advantages of Crypto APIs is that it doesn’t charge any commission on transaction fees.
User Experience
Crypto APIs Pricing
Crypto APIs has different pricing plans depending upon the requirements, ranging from the Free Plan used mainly for testing up to the Enterprise Plans for full-fledged large-volume projects and customer requests.
Crypto APIs Review: Pros and Cons
Pros
- Unified endpoints from top blockchain protocols
- No need to run, develop, and maintain your own blockchain nodes.
- Supported major SDK libraries for easy integration
- Friendly UI and all-in-one dashboard
- Free access to testnets on subscription
- Easy way to check wallet balances, deposit addresses, and contracts
- Makes forwarding of coins and token much more manageable
- Setting up notifications for events on blockchains
- List deposit addresses, get wallet asset details, and list wallet transactions for NFTs
- Easy to optimize and manage gas fees with in-built features
Cons
- Working knowledge of blockchain protocols required
Conclusion
Crypto APIs provide turnkey solutions that allow anyone to connect to the blockchain nodes and focus on their project development, instead of having to deal with all the infrastructure. In this regard, their product suite is perfect for those who need a reliable provider, who can ensure security, flexibility and scalability at any time.
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