Businesses usually seek to find novel ways to add value and look for flexibility in the processing systems they dock with. These questions about corporate-grade crypto wallets will inform your decision-making process:
How flexible the provider is. CryptoProcessing offers various business models for OTC trading and payment processing operations, which allows the service to customize the solutions in line with the unique ways that your business is run.
Availability of additional business solutions. Hot wallets for business, OTC desks, and reporting features are must-haves as businesses require highly granular data in their transactions and easier ways to deal with large-scale incoming/outgoing payments.
Custody type. As we’ve talked about above, self-custody wallets are usually the best option, but the trade-off is the inability to restore funds in case the private keys go missing.
Hot/cold wallets. Corporate hot wallets are the only option for active transactions in business operations.
Fees structure. Though most wallets and merchant accounts for crypto processing are free to download and implement, the transactions may incur varying fees. Thus, a thorough review of the conditions for fees and commissions is a necessity.
Reputation. Take a deep dive into the reputation that the provider has, and learn about the major collaborations and reviews online.
Choosing the business-grade hot wallet can take time, but you’ll be able to easily winnow down the selection using the questions and differentiators from above.