How Top Crypto Wallets Enhance Their Offering with CoinGecko API

A cryptocurrency wallet is a software or hardware tool that helps users store and manage their cryptocurrency. In today's case study, we will explore some of the most popular crypto wallets in the market, and how they utilize CoinGecko API to enhance its product and offering.

What is a Crypto Wallet and Why is it Needed?

A crypto wallet allows users to securely manage their cryptocurrencies, send and receive transactions on the blockchain, and monitor their balance. While it does not store actual cryptocurrency, crypto wallets hold the public and private keys necessary to conduct transactions on a network. The public key acts like an account number that can be shared to receive funds, while the private key serves as a password that authorizes access to the user's assets.

There is a wide selection of crypto wallets in the market, most of which support hundreds or even thousands of cryptocurrencies. These wallets come in two main types: hot wallets, which are connected to the Internet, and cold wallets that remain offline. Many wallets can also hold various types of non-fungible tokens (NFTs), and connect directly to exchanges for the buying and selling of crypto.

Crypto wallets are essential for several critical functions, such as:

• Allowing users to monitor their crypto assets’ balance
• Send and receive cryptocurrency payments
• Connect and interact with decentralized applications (dApps) on the blockchain
• Helping users manage the private encryption keys needed to access and transact with their cryptocurrency
• Enable transactions using public key addresses on the blockchain, which can be associated with usernames for easier identification

Top Crypto Wallets Using CoinGecko API

Many crypto wallets leverage CoinGecko API to display aggregated real-time crypto price and market data within their wallet's user interface (UI). We'll first dive into popular hot wallets that leverage CoinGecko API.

MetaMask

MetaMask is a cryptocurrency wallet that allows users to interact with the Ethereum blockchain and access dApps, and is available as a mobile app and web browser extension. Developed by Consensys, it enables users to manage their digital assets, send and receive cryptocurrencies, and securely connect to the decentralized web. Most web3 applications integrate with MetaMask for crypto transactions, and it is notably the most popular and widely-adopted crypto hot wallet with over 22.6 million app installs and users worldwide.

MetaMask sources real-time token price data from CoinGecko API, enabling users to view live crypto prices and make informed trading decisions directly within the wallet interface.

Uniswap Wallet 

Uniswap Wallet is a self-custody crypto wallet designed for seamless token swapping within the decentralized finance (DeFi) ecosystem. Available as a mobile app and browser extension, it supports multiple networks, including Ethereum, Base, Arbitrum, Optimism, Polygon and more. Developed by Uniswap Labs, the Uniswap Wallet app allows users to swap tokens on Uniswap, browse NFT collections, and explore web3 apps while maintaining full control of crypto assets.

The Uniswap mobile app is open sourced, and integrates with various APIs, including CoinGecko, Infura, OpenSea, Covalent, among others. These APIs provide essential data to users, such as token prices, NFT data, and on-chain activity.

Phantom

Phantom is a non-custodial crypto wallet initially designed for Solana, but now supports multiple networks including Bitcoin, Ethereum and Polygon. It enables users to securely store, send, receive, and swap cryptocurrencies while also managing NFTs and interacting with dApps. Known for its intuitive interface and security features, Phantom Wallet employs biometric authentication and integrates with hardware wallets (like Ledger) for enhanced protection.

Similar to MetaMask and Uniswap, Phantom is available as a mobile app and browser extension, and boasts 7 million monthly active users as of April 2024. It's also worth noting that Phantom is quickly becoming one of the most popular apps in the world – having surpassed Facebook, Coinbase, and X (formerly Twitter) in app store rankings in May 2024.

Exodus

Founded in 2015, Exodus is a multi-chain, non-custodial crypto hot wallet that currently supports over 50 networks. It stands out with a sleek desktop user interface while also being accessible via a browser extension and mobile app. Prioritizing user experience with simple, elegant and intuitive designs, Exodus supports 100,000 tokens, integrates with third-party exchanges and DeFi applications, and has built-in staking for multiple assets. It additionally provides cross-chain swaps and 24/7 customer support.

According to recent research, Exodus has 1.07 million app installs and users.

Rainbow Wallet

Rainbow Wallet is a user-friendly, secure, non-custodial wallet designed for managing cryptocurrency assets, and connects to popular DeFi and NFT applications in the Ethereum ecosystem. It offers native support for ENS domain names and brdiging to Layer 2 solutions like Polygon, Arbitrum, Base, and Optimism – making it suitable for both crypto beginners and power users.

For iOS users willing to compromise on security for convenience, Rainbow offers the option to back up your wallet to iCloud, storing your keys in an encrypted file. This means that even if you lose both your device and your keys, you can still recover your wallet through your cloud backup.

Rainbow also features a built-in fiat on-ramp, enabling users to purchase Ethereum or DAI via Apple Pay and have it deposited directly into your wallet. This provides a straightforward onboarding process for new users, as it eliminates the need to go through a crypto exchange first.

XDEFI (Ctrl Wallet)

XDEFI wallet, now known as Ctrl Wallet, is a multi-chain, non-custodial web3 wallet that allows users to store, transfer, and manage cryptocurrencies and NFTs across 1,800+ chains, including testnets on every EVM chain, Cosmos chains, Solana, Bitcoin, THORChain, TRON and more. Similar to other hot wallets, users can easily swap, bridge and manage assets from a single interface.

Additionally, the XDEFI Wallet supports functionalities like NFT management and staking. Staking users benefit from discounts on transaction fees for swaps made through the wallet, and can earn tokens. A portion of the trading fees is allocated to the community treasury, allowing stakers to participate in the ecosystem's governance.

Ledger

Ledger wallets provide a secure method for storing cryptocurrency keys offline, safeguarding them from remote access by hackers. By storing private keys on a secure element chip in dedicated, secure hardware, Ledger ensures that your sensitive information remains protected. As one of the most trusted solutions in the industry, Ledger’s multi-currency hardware wallets are a top choice for secure crypto management.

Ledger currently offers three primary hardware wallet models: Ledger Stax, Ledger Flex, and the Ledger Nano range. All models are hardware wallets that enable users to send, receive, and manage their crypto assets securely using Ledger Live – plus stake crypto to earn rewards, swap crypto assets, and connect to fiat on-ramps easily. Additionally, Ledger integrates with over 50 software wallets (like the ones covered above), offering extensive compatibility.

A key security feature of Ledger wallets is its ability to perform key calculations directly on the device's secure element, ensuring that your root key never leaves the device. This approach protects against potential viruses or spyware on your computer. Moreover, Ledger requires physical confirmation for each transaction, meaning you must press a button on the device to authorize any transfer, adding an extra layer of security.

In case of loss or theft, Ledger wallets provide a 24-word backup recovery code. This code allows users to regain access to their cryptocurrencies, ensuring that their assets remain secure even if the physical device is compromised.

Popular CoinGecko API Endpoints Used in Crypto Wallets

After exploring the features of top-performing crypto wallets above, let's unpack how these wallets display accurate crypto market data and its commonly used API endpoints.

1. Coins List with Market Data – /coins/markets

The /coins/markets endpoint is essential for retrieving comprehensive market data on specific coins or groups of coins, such as live crypto prices, market capitalization, FDV, trading volume, 24 hour price change, circulating supply, total supply, and so on. Most crypto wallets use this feature to display relevant coin information, helping users make informed decisions based on real-time market data.

The endpoint delivers detailed market information with high granularity, customizable through optional parameters. Additionally, the provided pagination options allow for efficient data management.

2. Coin Data by ID – /coins/{id}

While market data is crucial, having a detailed list that maps each coin by id, name and symbol is equally important. The /coins/{id} endpoint offers extensive data on any coin by simply passing its unique ID as a parameter. This helps users better understand the assets they are managing.

3. Coin Historical Chart Data by ID – /coins/{id}/market_chart

Historical data is vital for users who want to analyze a coin's performance over time. The /coins/{id}/market_chart endpoint provides the historical chart data of a coin, including price, market cap and 24-hour volume, based on a given coin ID. Adjust to the desired data granularity with the 'days' and 'interval' query parameters.

4. NFTs Collection Data by ID – /nfts/{id}

For wallets that support NFTs, displaying information about specific NFTs is crucial. The /nfts/{id} endpoint allows the wallet application to retrieve comprehensive data about a particular NFT collection by passing its NFT ID as a parameter. The response will include the NFT collection name, symbol, image (as a URL), description, and market data like NFT collection floor price, market cap, 24-hour trading volume, price change percentage, the number of unique addresses, among other data.

This returned data is highly granular and can be customized with optional parameters.

5. NFTs List with Market Data – /nfts/markets

To retrieve extensive market data for all supported NFT collections on CoinGecko, utilize this /nfts/markets endpoint. Similar to /nfts/{ids}, the data returned will include market data like floor prices, market cap, volume, 24-hour price/volume/market cap change in percentage, and other market-related data. Developers may specify pagination values as a parameter, to manage and retrieve data more efficiently.

Scale Your Project with CoinGecko API

When developing a crypto wallet, it is important to focus on the availability and reliability of data displayed to the user, especially data like coin prices and other market parameters. If you're building a crypto wallet, get in touch with our sales team today or check out our full suite of plans and pricing!