Life Changing Cryptocurrency Business Ideas in 2020

cryptocurrency business ideas

Hello! I hope you are fine and safe. Yes, we know 2020 is giving hard times for many of us. People are anxious about facing so many inflations in terms of personal and work lives. The world economy has faced inflation during this pandemic.

During this crucial situation, when all the business and tradings faced downtrend, cryptocurrencies did not betray its investors. When you get an interest rate of 89% in three months through crypto-exchange, will you opt for any other investment beyond this? By now your mind would have popped up with a question: “How do I start a Bitcoin business?”. We have answers to all your unanswered questions. Here are the Top 10 Cryptocurrency Business Ideas for 2020.

Token Creation

Tokens are also the same as digital assets. Crypto tokens can be created by an individual. After the token creation, the token issuer will participate in a crowd sale process for fundraising. This might later help the token to get listed in the exchanges. Here, we will explain to you about some possible ways to create token platforms.

Initial Coin Offering (ICO)

(Source: Entrackr)

Initial coin offering is a kind of crowdfunding done for a newly launched cryptocurrency. In ICO many startups and budding entrepreneurs will take part to gain huge profits. If you have created a crypto coin, you need to promote your coin for the crypto users through the whitepaper. Through this, as a coin issuer, you can have a huge amount of profits. This is one of the popular ways of getting your coins listed in the exchange. ICO happens still in the crypto market for a limited time. 

Advantages of ICO
  1. You can earn huge profits from the crypto users before listing to the exchange.
  2. This reputation will help your coin to reach a margin sales amount for listing in a crypto exchange.

Security Token Offer (STO)

(Source: Coinpedia)

Security token offer is subjected to the norms of government. In STO, crypto tokens are packed with real-time assets. STO is also considered to be a type of crowdfunding, which is done legally. Many company owners are emerging by introducing a security token that is packed with their company. 

Benefits of STO
  1. As the token is packed with the real-assets, there will be no scam or fraudulent activities entertained. 
  2. STO has world-wide users for its trust and reliability.

If this does not work out for you, you can try as a…

Bitcoin Miner

(Source: Bitcoinmagazine)

Bitcoin miners are the pillars of Bitcoin. They were involved during the transaction of Bitcoin from one user to another. As a Bitcoin miner, you have to validate the transaction details of the user who is involved in the transaction. Once after the validation is done by a miner (i.e. you), the transaction gets completed. 

Key Points for a Bitcoin miner

  1. Bitcoin miners have to be well-versed in blockchain technology with good programming skills to validate the transaction.
  2. As a miner, you can earn Bitcoin through mining.

Binary Trading Option

(Source: Thestreet)

Binary Trading Option is a form of investment that can be done by assets like commodities, stocks, cryptocurrencies. Here, we can take cryptocurrencies. You can yield a profit by predicting the price fluctuation of a cryptocurrency in which you have invested. If the price of the currency goes as predicted, the investor will earn. If the price moves in contrast as predicted, the investor will lose the money. 

Advantages of Binary Trading Option

  1. Investors can yield huge profits in a short span of time.
  2. The rate of interest is huge compared to other investment trading.

Crypto Wallet Service Provider

(Source: Computerworld)

This is one of the good business ideas with blockchain to launch a crypto wallet in a quick and easy way. When you have a crypto wallet on your own, you can integrate your wallet with many reputed crypto exchanges. This will create a good user engagement for your wallet. Through this, you will have a profitable  way of earning. There are two types of crypto wallets, they are Hot wallets and Cold Wallets. 

Also, wallets are available in different platforms like;

  1. Mobile wallet
  2. Desktop Wallet
  3. Web Wallet
  4. Hardware Wallet
  5. Paper Wallet

Possible ways of Earning Through a Crypto Wallet

  1. As a crypto wallet owner, you can earn a commission for using your crypto wallet. The commission can be collected on a periodic basis.
  2. You can collect different charges for the different kinds of wallets you provide.
  3. Charge some amount as a brokerage from users for every transaction done from your wallet.
  4. You can also collect some good amounts of wallet maintenance.

Cybersecurity for Crypto Transaction

The Crypto industry completely relies on the internet. As this is a fast-growing world, the invention of new technology is taking various dimensions. Everything has its own pros and cons, the invention of new technology also has that. This leads to the insecurity of money transactions and data warehousing. The insecurities are caused by hackers around the world. 

Hackers will constantly look for loopholes or leave a bait that will make us prey to them. To avoid such insecurities and acts of internet phishing, and to build strong iron curtain securities to your crypto platform. For this, the cybersecurity team will come into action. As a SOC analyst, you need to have a constant eye on the evolution of new internet threats and viruses.

(Source: Theblockcrypto)

The report shows the hacking rates, this could be the right time for cybersecurity to enter the field.

Key Points for a Cybersecurity 

  1. The cybersecurity analyst will safeguard the whole crypto platform. 
  2. Cybersecurity should know about the tools used to detect the threat and other attacks.

Write and Sell Books

(Source: Roman Koval)

As you are a blockchain technology enthusiast you can start to write a book on the blockchain technology and crypto industry. This will be an easier way to earn huge profits worldwide. You will be treated as a Subject Matter Expert (SME), and many will have you as a spokesperson. This will help you to fly with the color of fame. 

Possible Ways of Earning as a Writer

  1. You will be given a huge amount for your book sale. Also, you will be given some amount of reprinting your books to avoid copyright issues for the publishers.
  2. Many blockchain companies will have you as an SME. 

I have shown you the best Bitcoin business ideas in the crypto industry. This will help you to explore the bitcBitcoin business opportunities. I have got your internal voice, now you are thinking…

Become a Bitcoin Broker

(Source: Indiafilings)

By becoming a Bitcoin broker you can deal with so many Bitcoin users. You can have a Bitcoin broking space where people will seek your help for trading. This job is more like what stockbrokers do in a stockbroking office with so many funding options by gaining a good amount of brokerage for every share. This applies the same here, as a Bitcoin broker you can trade Bitcoins on behalf of your users with charging some good amount of brokerage for every buys and sells trading.

Possible Ways of Earning as a Bitcoin Broker

  1. Bitcoin has a worldwide user base. Naturally, you will get a good amount of customers. 
  2. Bitcoin will show a good amount of price fluctuations, relatively that will yield a good amount of profit when users trader the coin.   

Crypto Industry Tracker

(Source: ft)

You can be a crypto industry tracker. So that you can know the latest news and happenings in the crypto industry. With this updating news, you can post those in your social media or website, so that your social media and website will have good user engagement. Along with this, if you have an out and out knowledge on crypto and blockchain, you will be highly paid for your knowledge based on the hours. 

Possible Ways of Earning as a Crypto Industry tracker

  1. When your social page has a lot of engagement, naturally many crypto development companies will reach you for advertisements, you can earn through that.
  2. Many coin issuers will sponsor you for free coins for branding.

Crypto MLM

(Source: Dotphi)

MLM expands its network and it covers the crypto industry. When you start a crypto MLM you need so much to promote your currency, which will end up in buying so many users to indulge in buying the currency. This will naturally create profit for the user who joins one user and the user who joined another more like a chain. As a MLM owner you will get a huge profit through this.

Possible Ways of Earning Through Crypto MLM

  1. There are a lot of promotional activities involved during the initial stage.
  2. Besides huge profit, you can have some commissions and brokerages too.

Crypto Exchange

Crypto-exchange is the place where all the Bitcoins and other altcoins will get listed for trading. Exchanges are believed as one authentic way of trading and listing the crypto-coins. This is not a frivolous recommendation to start a new exchange. I have authentic data on the per day earnings of the crypto exchanges.  

(Source: Bloomberg)

There are two types of exchanges, they are:

  1. Centralized Exchange (CEX)
  2. Decentralized Exchange (DEX)

Centralized Exchange

A centralized exchange is a traditional exchange. Traders can do their trade or  transactions only with the help of a middle-man. Here, the transactions can be either done by fiat-to-crypto or crypto-to-crypto. The centralized exchange has an escrow system as a security feature. The asset will be in the hands of the middle-man until the transaction gets successful.

Profitable Earnings through…

These are the possible ways of profitable earning through the centralized exchange.

  1. As an admin, you can be involved as a middle-man for every transaction done through your exchange.
  2. You can charge some good amount as a commission for every transaction. 
  3. By implementing an escrow system in your exchange for every transaction, you can charge a separate fee from the user.

Decentralized Exchange

A decentralized exchange is contrary to the Centralized exchange. No middle-man will be involved during the trade or transactions. DEX involves blockchain technology, which functions like a Distributive Ledger. Transactions are made with the help of Private key, Public Key, and Smart Contract. The whole transaction and trade with one and one, hence this exchange is also called Peer-to-Peer (P2P) exchange.

Profitable Earnings through…

These are the possible ways of profitable earning through the decentralized exchange.

  1. Coin issuers will seek help from the exchange owner (you) to list their coin in your exchange.
  2. You can collect some fee amounts from the coin issuers for participating in a sale in your exchange.   
  3. You can collect some amount as Listing Fee to make the altcoin list in your exchange, once the coin reaches the margin sales amount…
  4. You can earn a good amount as a brokerage or a commission for every transaction done by the user through your exchange.
  5. You can also charge a reasonable percentage for transactions done through smart contracts.  

You can reach out to a cryptocurrency exchange script provider to get your dream exchange in hands. 

Where Can I Find a Genuine Crypto Exchange Solution Provider?

Yes, I have an answer for this. There will be lots and lots of glittering advertisements and promotions that might be very attractive. But just think deep, those glitterings are always deceptive. Will you miss the opportunity of creating your crypto exchange with the company with an experience over the years in this field? No, right. One such reputed and experienced crypto exchange solution provider is Coinsclone.

Coinsclone have 100+ happy customers across the world. Do you want to be one of them? It is a pleasure to collaborate with you.