A large section of industry experts believes cryptocurrency is the future of digital currency. Hence it has a good prospect as a business idea and many business ventures and start-ups are based on cryptocurrency business ideas.
There are different categories of cryptocurrency business ideas. You can choose any of them according to your knowledge, convenience, and choice.
Cryptocurrency business ideas offer a great deal of flexibility and space. Hence you can score a high profit from these business ideas.
Since the cryptocurrency business ideas are digital they are easy to operate and are not affected by the normal ups and downs of the real market. You can easily start a crypto-based business and earn good profits in a short period.
List of 25 Cryptocurrency Business Ideas
1. Payment Gateway
Cryptocurrency payment gateways are gradually gaining popularity in different kinds of sales, marketing, shops, retail, etc. Hence you can start developing a crypto payment gateway and earn a good profit. You will need the proper software to develop the payment gateway and earn profits. Developing a multi-cryptocurrency payment gateway is a great cryptocurrency business idea.
2. Cryptocurrency Consultancy
If you have experience and expertise in Cryptocurrency and its dealings, then consultancy is a very bright cryptocurrency business idea for you. Many aspirants want to start their crypto business but do not have enough knowledge. You can guide such people and earn a good income. Referrals and word of the mouth publicity help to grow the consultancy business.
3. Cryptocurrency Trading
Cryptocurrency trading is a very profitable cryptocurrency business idea. You need a good knowledge of the crypto market and acumen for market trading. In this business, you need to buy the currency at the time of its low price and sell them when the prices are high. Knowledge of market trends is a must for this business.
Suggested Read: Types of Cryptocurrency to Invest
4. Cryptocurrency/ Bitcoin ATM
Considering its rising demand and usage, setting up a crypto ATM is a very profitable cryptocurrency business idea for you. Start an ATM at a suitable location and charge a fixed percentage on every transaction on the exchange of bitcoins. The more transactions are made, the more profit you can make. You have to obtain certain licenses and permits for this business.
5. Cryptocurrency Exchange
Setting up a cryptocurrency exchange is a profitable cryptocurrency business idea. You can do trading with several types of cryptocurrencies involving many people. There are many successful platforms of exchange like Binance, Upbit, etc. You have income opportunities in several ways in the exchange business.
Firstly, you can earn a commission for each trade done through your exchange platform as a middle-man. Secondly, you can charge a fee for including a cryptocurrency in your exchange platform. There are different kinds of exchanges centralized, decentralized, promotion-based trade, etc.
6. Crypto Payroll Service
Starting a crypto payroll service is a good cryptocurrency business idea. By setting up this service you can enable employers to pay their employees in cryptocurrencies along with fiat money. Since the demand for cryptocurrency is rising rapidly, this business has a good demand. Funding for several other items can also be made through cryptocurrency. As the developer, you will earn a commission for each transaction made.
7. Blockchain Business Expert
Working as a Blockchain business expert is a lucrative cryptocurrency business idea. If you have expertise in developing Blockchain business models, you can get a good income as an expert in the crypto trade. As an expert, you can also teach or assist others in learning or developing Blockchain business models.
8. Make dApps
Developing decentralized applications or dApps is a profitable cryptocurrency business idea. dApps are specially developed decentralized applications that run on a Blockchain on a network of computers. They are not restricted to the control of a single person or network. Thorough knowledge of app development, as well as cryptocurrency trading, are the keywords to the success of this business.
9. Cryptocurrency Crowdfunding
Crowdfunding has become an important source of funds for start-ups as well as business enterprises. Just like that, cryptocurrency crowdfunding is also an effective cryptocurrency business idea. You can start a website through which you can raise crowdfunding in the form of cryptocurrency and earn commissions. As a start-up, you can get funding through cryptocurrency. By creating a community of donors, you can create a decentralized network of cryptocurrency transactions.
10. Cryptocurrency Vending Machine
Starting a cryptocurrency vending machine is a prospective cryptocurrency business idea. It is just like the vending machine you are familiar with. The only difference is that here the mode of payment is through cryptocurrency. The location and items to be sold must be according to the demand of the people using crypto. Since real money usage is declining with time, crypto vending machines are much in demand now.
11. Cryptocurrency Wallet
Creating a cryptocurrency wallet is a profitable cryptocurrency business idea. It works just like the wallet we use for fiat currency, wherein the currency is used and stored for future usage. If you have a good knowledge of the software along with cryptocurrency transactions, you can start the business of making crypto wallets and get paid after each transaction.
12. Cryptocurrency Dropshipping
Cryptocurrency transactions through Dropshipping can be a profitable cryptocurrency business idea. You can start a Dropshipping business based on crypto payments. In a cryptocurrency-based Dropshipping business, the seller buys cryptocurrency and then transfers them to the buyer. You will earn a commission on each transaction.
13. Cryptocurrency News Website
Cryptocurrency news website is a much sought-after business idea about cryptocurrency. With the growing popularity and acceptance of cryptocurrency, more and more people are interested to know about them. Hence you can start your website containing news of cryptocurrencies of different types, their values, and market updates. As your website views grow, you will get more income from it through ads and other sources.
14. Cryptocurrency Cybersecurity
Cybersecurity is an important aspect of crypto transactions. Hence, providing cybersecurity services is a very good cryptocurrency business idea. You must have a good idea of cryptocurrency and Blockchain to do this business. This business has a very good demand as all the transactions in cryptocurrency are made online.
15. Cryptocurrency Loan Portal
Providing loan facilities through cryptocurrency is a profitable cryptocurrency business idea. You can create a portal through which loans can be offered to individuals or start-ups in cryptocurrency. A good idea along with sufficient dealings in cryptocurrency is needed to run this business. You can also start a portal for peer-to-peer loan facilities. You can get interested as well as a commission for each transaction.
16. Start a Cryptocurrency Blog
Blog writing on cryptocurrency is a good business idea about cryptocurrency. If you are a good writer and have a fairly good idea of cryptocurrency, you can start this business. Many people are avid readers of crypto blogs. Your writing skill can give you a good number of readers thereby increasing your income through ads and affiliate marketing.
You can also share your expertise online by creating a blog. It will help you establish yourself as an expert in the crypto trade and also get new customers.
17. Cryptocurrency Training Provider
Crypto training is a profitable cryptocurrency business idea. If you are an active trader in the crypto market, you can start your training program for interested candidates. Training directly in a training center or online training are the options and both are quite profitable.
18. Cryptocurrency App Development
Developing apps is a very profitable cryptocurrency business idea. If you are skilled in programming and coding and have a good idea of Blockchain, you can start the business of app development. Crypto apps have a good demand in the market now. Hence you can earn a good profit by developing apps.
19. Cryptocurrency Web Designing
Web designing is a good business idea regarding cryptocurrency. There are many websites about cryptocurrency and hence good demand for web designers. Your sense of web design along with a clear idea of cryptocurrency and its prospects will make you a successful web designer.
20. Cryptocurrency Broker
Brokers have a good demand for cryptocurrency trading. Hence this is a profitable cryptocurrency business idea. Just like a share broker, you have to buy and sell cryptocurrency for your clients. A good idea of the ups and downs of the market is the keyword to your success as a broker. Word of the mouth publicity and goodwill will get you more clients.
21. Cryptocurrency Cloud Mining
Cloud mining is a profitable cryptocurrency business idea. Crypto mining is a digital method by which new cryptocurrencies are entered into the market and the validity of crypto transactions is tested. The cloud mining of cryptocurrency is done through data centers. With the help of these data centers, you will be able to do cryptocurrency mining. Cloud mining will enable you to get rewarded as a third party in the mining of cryptocurrency.
22. Cryptocurrency Advertising
Advertising is a profitable cryptocurrency business idea as any kind of business always needs advertising to grow. You can start your advertising site or network where people will advertise their cryptocurrency businesses and pay you. The popularity and views of your network will give you more advertisers and hence more income.
23. Online Businesses accepting Cryptocurrency Payment
Online business accepting cryptocurrency is a profitable cryptocurrency business idea. You can start an online grocery, pharmacy, or any other online shop that will accept cryptocurrency as payment. The online store can be exclusively on crypto payment or you can have arrangements for both kinds of payments. Considering the growing usage of cryptocurrency, your online store will give you a good margin of profit.
24. Paid to Click Site
Starting a paid-to-click site is a good business idea for cryptocurrency. You can start your ad portal where advertisers will place their crypto-related ads on your site and you will get paid for each click. This is an effective medium of advertising for crypto traders. Along with that, you will also have a good income opportunity.
25. Selling Cryptocurrency-Related Books
Cryptocurrency-related books have a good demand in the market. Hence selling them is a good cryptocurrency 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 Blockchain have been much sought after. Therefore you will be able to earn good profits by selling them.
Cryptocurrency is here to stay. It is the future of business transactions as well as trading. Hence it will be profitable for you to pursue any of the cryptocurrency business ideas.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.