Cryptocurrency is the future of digital currencies, so this is the right time to start your crypto orientated business. In the crypto industry, there is a lot of business opportunities are available. Here I explain the top 5 business opportunities.
Top 5 Cryptocurrency Business Ideas:
- Cryptocurrency crowdfunding(ICO, IEO, STO)
- Start a Cryptocurrency exchange
- Creating a cryptocurrency wallet
- Cryptocurrency lending
- Cryptocurrency MLM business
Cryptocurrency crowdfunding(ICO, IEO, STO):
If you are a person looking to raise the funds quickly. Then you can use the crowdfunding strategy. Here investors from the websites will give you funds for your white paper project but it should be valid. There are three types of crowdfunding strategies such as IEO, ICO, and STO. ICO is the Initial Coin Offering and it is the website where many people will present their projects to raise funds.
STO is the security token offering. It is the security token sale platform where only the tokens backed with the securities will takes place. So there will be no scammed tokens. IEO is the Initial Exchange Offering and it is a module enabled in many exchange platforms. Here the projects will be verified by the separate team in order to avoid the fake projects.
So you can choose any one of the strategies to start your cryptocurrency business. But my choice for you to start an exchange platform with IEO feature by using the bitcoin exchange software to earn ample amount of profits
Start a Cryptocurrency exchange:
Building your own crypto exchange platform is the finest cryptocurrency business in 2020. First, you should know what is a cryptocurrency exchange platform. It is the website where you can buy and sell a wide range of cryptocurrencies in a hassle-free and secure manner. Already there are many popular crypto exchange platforms across the globe. Such as Binance, Coinbase, LocalBitcoins, and other exchanges.
If you are an owner of the exchange. Then you can charge fees for withdrawing, depositing, and transferring the cryptocurrencies. So you can use the trusted premium bitcoin exchange software to launch your own secured exchange platform instantly. There are different kinds of exchanges available in the global market. Such as
- Centralized exchange
- Decentralized exchange
- Hybrid exchange
- Order book exchange
- Ads based exchange
- Binary options exchange
Select the type of exchange you want for your business before launching them using the bitcoin exchange script.
Creating a cryptocurrency wallet:
Crypto wallet is enabled in the cryptocurrency exchange platform to store and receive the cryptocurrencies in a secure manner. It also monitors the crypto in the exchange platform. Hot wallets and cold wallets are two types of wallet storage used in major exchanges. The hot wallet is an online storage and the cold wallet is offline storage. Most of the crypto traders use cold wallets for secure transactions. There are five types of crypto wallets in the market place. They are
- Mobile wallet
- Desktop wallet
- Hardware wallet
- Paper wallet
- Web wallet
So you can develop the crypto wallet for the people who need wallets for their exchange account and you can charge fees for developing. Also, you can charge fees for each successful crypto transactions.
Cryptocurrency lending is the finest business. If you are a crypto expert in the cryptocurrency communities and receiving a regular flow of cryptos from the various resources. Then you can lend your bitcoin or other cryptocurrencies to the users with the fixed interest rate. Cryptocurrency is used in many ways in the global market. Such as a token, payment or investment, for exchange, and so on. It has wide use cases in the crypto industry so there will be a need for cryptos. So you can lend cryptocurrencies to the various users and you can earn more profits in a short period.
Cryptocurrency MLM business:
Cryptocurrency MLM is the multi-level marketing business. It is a good crypto business for startups and entrepreneurs. There are many MLM businesses are present now in the global market. If you want to start this business then you must bring trust to your business. The smart contract is the only way to bring that trust. The smart contract brings a high level of trust to the users connected with MLM. also, most of the MLM business is ethereum based. So it is safe and secure to start an MLM business to earn profits.