Over the last couple of years, cryptocurrencies have exploded onto the market. Not many know, but are cryptocurrencies one of the fastest growing industries in the world that are creating millionaires and billionaires by the dozen.
However, in today’s day and age, cryptocurrencies are also being hit by several scams. With these scams, users are wary of investing in cryptocurrencies.
Bucking this trend is a new breed of crypto startups. These startups are eager to offer the chance to invest or trade in cryptocurrencies.
The startup ecosystem is desperate for fresh talent. If you have business ideas, why not start a startup? If you have ideas of creating your very own cryptocurrency, start on a small scale, learn, and then move on to bigger and more profitable ideas.
Of course, crypto startups have all the benefits of startups, just with an added flavor. The biggest advantage is the fact that the crypto world is growing exponentially, with no major obstacles.
The crypto world is also fueled by technology, which means the startup world is also growing exponentially. The cryptocurrency startup ecosystem is making it big, and it’s an exciting time to be involved.
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List of 25 Cryptocurrency Business Ideas
1. Payment Gateway
Cryptocurrency payment gates are gradually growing popular in various kinds of sales, marketing, shops, retail, etc. Hence you can begin developing a crypto payment gateway and earn a good profit. You will require the appropriate software to develop the payment gateway and earn profits. Developing a multi-crypto payment gateway is a fantastic cryptocurrency business idea.
2. Cryptocurrency Consultancy
If you have experience in cryptocurrencies and know how they work, then becoming an expert consultant could be a great way to make money online. A lot of aspiring consultants find themselves struggling to get started because they lack the right skills or knowledge. By offering your consulting services to these people, you can make a substantial amount of money each month. And if you’re already doing something else online, why not put those two things together?
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3. Cryptocurrency Trading
Cryptocurrency trading can be an extremely lucrative business idea if done right. However, it requires a lot of work and dedication. First, you’ll need to learn about cryptocurrencies and how they operate before jumping into any trades. Second, you’ll need to know what kind of strategies make sense in the current market environment, and third, you’ll need to develop your own strategy based on your own research.
Recommended Reading: Types of cryptocurrency to invest in.
4. Cryptocurrency/Bitcoin ATM
In order to start your own bitcoin ATM business, you should consider getting a license from the relevant authorities. Once you get the license, you can then set up the machine at a suitable place and start charging a fee per transaction. The more transactions you do, the higher profits you can earn. You also need to ensure that you keep track of the total amount of money that comes into your account.
5. Cryptocurrency Exchange
Setting up an online currency exchange is a lucrative cryptocurrency business idea. You may trade with multiple currencies involving many people. There exist many successful platforms of exchange such as Bitfinex, Coinbase, etc. You have potential earnings opportunities through various means in the exchange business.
First, you can earn commissions by acting as an intermediary between buyers and sellers. Second, you can charge fees for adding cryptocurrencies to your exchange platform. There is a wide variety of exchanges, ranging from centralized to decentralized ones.
Read:Â Best Cryptocurrency Exchange Platforms
6. Crypto Payroll Service
Starting an online cryptocurrency payroll service is a great business idea. By offering this service you can enable companies to pay their employees in both fiat currency and cryptocurrencies. The demand for cryptocurrencies is increasing rapidly so this business should do well. You may also fund your own projects through cryptocurrency. In order to make money, you must develop software that allows people to buy and sell cryptocurrencies.
7. Blockchain Business Expert
Being a blockchain business expert is one of the most lucrative cryptocurrency business ideas. You can earn a lot if you know how to develop blockchain business models. You can also teach or help others learn or develop these models.
8. Make dApps
Developing decentralized applications (dApps) is an attractive business idea if you know how to code and trade cryptocurrencies. A dApp can be defined as any application that runs on a blockchain network, where users interact through smart contracts. These apps do not rely on centralized servers or third parties, so they are often faster and cheaper to develop and maintain.
However, they require a thorough knowledge of programming languages such as Solidity and Javascript. Cryptocurrency trading is also important because these apps depend on the performance of the underlying market.
9. Cryptocurrency Crowdfunding
Crowdfunding has become a popular method of raising capital for small businesses. Unlike traditional venture capitalists, who invest money into companies they feel confident about, crowd funders offer a new type of investment opportunity. They put their money where their mouth is and hope for the best. In return, they receive equity in the company in exchange for their financial support. Crowdfunding sites such as Kickstarter allow people to pledge money towards projects they believe in. Once the project reaches its goal, the crowd funders get paid back.
10. Cryptocurrency Vending Machine
Starting a cryptocurrency vending business can be an exciting new venture. Like any other vending machine, the only difference is that here, the mode of payment is done via cryptocurrencies rather than fiat currency. The location and products to be sold should be chosen based on the needs of the community. With the decline in the popularity of cash transactions, more and more people are turning towards digital currencies such as Bitcoin and Ethereum. Cryptocurrency Vending Machines (CVM) are very popular these days.
11. Cryptocurrency Wallet
Cryptocurrency wallets are an excellent way to earn some extra income by creating them and then charging people to create their own wallets. You need to know how to program and be familiar with cryptocurrencies.
12. Cryptocurrency Dropshipping
Cryptocurrencies such as Bitcoin enable users to make instant purchases online without having to provide any personal information. They also allow people to send money to anyone around the world instantly, so they’re great for international payments. However, cryptocurrencies aren’t perfect – they can be expensive to buy, hard to store securely, and difficult to transfer. For these reasons, many businesses choose to accept payment in fiat currencies instead.
13. Cryptocurrency News Website
Cryptocurrency news site is an increasingly popular business idea among those who love cryptocurrencies. With the increasing popularity and acceptance of cryptocurrencies, more and more people want to learn about them. Thus, you can start your website by offering news on various types of cryptocurrencies, their values, and market updates. As your readership grows, you’ll earn money from advertising on your site.
14. Cryptocurrency Cybersecurity
Cyber security is one of the key aspects of any transaction involving cryptocurrencies. Thus, providing cyber security services is a great business idea. You should know about cryptocurrencies and blockchain technology to start this venture.
15. Cryptocurrency Loan Portal
Providing loan facilities via cryptocurrencies is an effective business idea. You can make a website where borrowers can apply for loans in cryptocurrencies. You can also provide peer-to-peer loans. You can earn money every time someone applies for a loan.
16. Start a Cryptocurrency Blog
A blog is an online journal where one writes articles on various topics. Cryptocurrency blogs provide information about cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, etc.
You can also create a blog so that you can establish yourself as an expert within the cryptocurrency trading world and gain new customers.
17. Cryptocurrency Training Provider
Cryptocurrency trading is a profitable business idea if you’re already involved in the crypto markets. You can either train people in person at a training center or provide them with online training courses. Both options are quite lucrative.
18. Cryptocurrency App Development
Cryptocurrency apps are one of the best ways to make money online today. You can create your own mobile application, website or game and then promote them via social media platforms such as Facebook, Twitter, Instagram, YouTube, and Google Play Store.
19. Cryptocurrency Web Designing
Cryptocurrency is an emerging technology and there is a lot of interest in it. If you’re interested in cryptocurrencies, then you may be able to start a profitable side business by becoming a freelance web designer.
20. Cryptocurrency Broker
Cryptocurrency brokers have an excellent demand in cryptocurrency trading. Thus this is a lucrative cryptocurrency business idea. Just just like a stock broker, you have to purchase and sell cryptocurrency for your customers. An effective technique of the market is the key to your success as a trader. Word of mouth advertising and popularity will help you gain more clients.
21. Cryptocurrency Cloud Mining
Cloud mining is a lucrative cryptocurrency business idea. Cryptocurrency mining is a digital process by which new cryptocurrencies are introduced to the market and the validity and security of crypto transactions are checked. The cloud mining of cryptocurrencies is done through data centers, where you can mine your own cryptocurrency. You will be paid as a third party in mining cryptocurrencies. Cloud mining will allow you to earn money without investing any capital.
22. Cryptocurrency Advertising
Advertisements are one of the most common ways for companies to get new clients. If you want to earn some extra cash from home, you could start an advertisement service where people can post ads for free.
23. Online Businesses accepting Cryptocurrency Payment
Online businesses accepting cryptocurrencies are very lucrative. You can open an online grocery, pharmacy or any other online shop where people can pay with cryptocurrency. The online store can either only accept cryptocurrency or you can also accept fiat currency (USD/EURO). Considering the increasing popularity of cryptocurrencies, your online store will definitely give you a good margin.
24. Paid to Click Site
Starting a paid-for-click site is a great business idea about cryptocurrencies. You can start your own ad portal where advertisers will post their crypto-related ads on your website and you will make money every time someone clicks on one of these ads. This is a very effective medium of advertising for cryptocurrency traders. In addition, you will also have an excellent income opportunity.
25. Selling Cryptocurrency-Related Books
Cryptocurrency-related books have a good demand in the market. So selling them is a good business idea. If you are a good writer, you can write books. Online books also have a good market since crypto trading is done online. Books about crypto trading, user manuals, and books on blockchains have been much sought after. Therefore you will be able to earn good profits by selling them.
Cryptocurrencies are here to stay. They’re the future of online payments and trading. So they’re worth pursuing if you want to get into cryptocurrencies.
