28 Crypto Business Ideas To Start In [2024]
Are you interested in starting a crypto business idea? Cryptocurrency business ideas have been trending since the early days of bitcoin.
If you have wanted to start a crypto business but lack inspiration, we put together 28 crypto business ideas you can start in 2024.
In this list of ideas, you can find:
- Home-based crypto business ideas.
- Low investment cryptocurrency online business ideas.
- Unique crypto business opportunities.
Here's the full list:
1. Start a crypto cybersecurity system
Cybercriminals can gain access to entire investments by stealing crypto wallet account keys. Therefore, you must treat crypto accounts with the utmost caution.
Cyber security experts focus on helping companies secure their networks and data from attacks by cybercriminals. Blockchain technologies are receiving massive attention from the research community in different application fields.
Becoming a cybersecurity expert focusing on crypto can be a rewarding career. Coinbase and other cryptocurrency exchanges use blockchain in cybersecurity, allowing users to trade everything from Bitcoin to Litecoin and Ethereum on the company’s secure blockchain platform.
How much you can make: $91,000 — $230,000/month
How long does it take to build: 300 days (?)
Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.
2. Start a crypto management platform
A crypto asset management platform helps investors keep track of their crypto assets. The platforms offer a portfolio tracker and a trading platform, allowing you to buy and sell cryptocurrencies.
Crypto asset management platforms might have the following features:
- Built-in cryptocurrency wallet.
- Multi-exchange support, so users choose which platform they prefer.
- Integration with crypto wallets for added security.
- Conversion of cryptocurrency into fiat currencies like USD or EUR to avoid cryptocurrency volatility.
How much you can make: $35,000/month
How long does it take to build: 180 days (?)
HollaEx, an open-source crypto software startup, evolved into a general-purpose crypto service and created a white-label exchange software with a one-day launch, resulting in a revenue of $420k per year as of 2021, with a focus on exchange technology and tackling key crypto infrastructure solutions like wallet tech, exchange hosting, and white-label services.
3. Start a cryptocurrency real estate business
Crypto real estate business refers to the use of cryptocurrency in real estate transactions. The transactions occur in digital space namely the metaverse and in real life. To participate in crypto real estate, you need digital assets. You can use digital assets to purchase real estate assets in the metaverse.
Blockchain technology is poised to give the real estate industry a significant leg up. This is because blockchain's inherent system of trust makes it the ideal technology for smart contracting, facilitating renting, buying, investing, and even lending.
4. Start a cryptocurrency exchange service
The cryptocurrency market is growing exponentially. A good business idea you can start in this line is a cryptocurrency exchange. A cryptocurrency exchange is an online marketplace where users trade cryptocurrency. A cryptocurrency exchange works similarly to an online brokerage. Users can trade crypto for fiat or crypto for crypto.
How much you can make: $25,000 — $50,000/month
How long does it take to build: 150 days (?)
SimpleSwap, a user-friendly and reliable service for cryptocurrency exchanges, attracts over 200,000 monthly active users with an average monthly revenue of $50,000 by offering a simple and convenient exchange process and superior customer support.
5. Start a crypto crowdfunding business
Crypto crowdfunding allows users to donate digital assets to projects.
People post their funding needs on the website and invite community members to participate in crowdfunding projects. Crypto crowdfunding platforms make money by charging a small fee for the transactions. With the crypto crowdfunding trend high, starting your platform can be profitable.
6. Start an ecommerce crypto payment app business
Ecommerce crypto payment gateways allow businesses to accept transactions or cryptocurrencies from customers in exchange for goods or services. Ideally, crypto payment gateways accept payments from any country and emphasize security due to the nature of blockchain-based cryptocurrencies.
When a customer makes a purchase using cryptocurrency as payment, the transaction goes through the payment gateway at a fixed exchange rate.
7. Become a crypto trader
Crypto trading is an exciting market with a reputation for higher returns than some traditional investments.
Note that cryptocurrencies are incredibly volatile (and this is not investment advice).
When you start, opt for small-stake trades that allow you to get a handle on the market with minimal risk. Trade through a secure wallet provided by a reputable broker such as Coinbase or Binance. Take time to practice technical analysis, an essential research skill to help you read charts and identify patterns to inform your crypto trading strategies.
How long does it take to build: 135 days (?)
8. Start a crypto tax business
The tax code is a complex system that has been in place for decades. As the new age of currency, cryptocurrency, is introduced to the world, it has become increasingly difficult to keep up with the changes.
In 2017, the number of people who owned bitcoin in the United States was 1.5 million.
There are many tax services available online that are designed specifically for cryptocurrency traders and investors. These services will help crypto owners file their taxes quickly and painlessly so they can get back on track with their investments!
How much you can make: $3,699 — $10,000/month
How long does it take to build: 67 days (?)
BearTax is a cryptocurrency tax software that helps traders consolidate trades and calculate taxes without heavy lifting, serving over 10,000 users across the globe in the US, Australia, Canada and India.
9. Start a NFT marketplace
An NFT marketplace is an online site for crypto-collectibles and non-fungible tokens where traders can buy-sell and discover exclusive digital items.
Launching an NFT marketplace requires setting up a blockchain network, integrating a chosen digital wallet, and creating smart contracts. Finally, you need to build a customer-facing web application.
Experts estimate that NFT marketplaces will continue experiencing a YoY growth of 30.72%.
Therefore, NFTs are becoming some of the most profitable blockchain-based experiments.
How much you can make: $30,000 — $1,000,000/month
How long does it take to build: 212 days (?)
RMRK developed the most advanced NFT system in the world, generating $1 million per month in volume and $30k per month in revenue, due to founder Bruno's hack to put NFTs onto a chain without smart contracts.
10. Build a crypto app
Building a crypto trading app is the easiest and safest way to make money from cryptocurrencies.
To build a custom crypto app, you need technical skills. A custom crypto app offers the developers complete access to the technical support team. Purchasing a white-label solution means quick time to market, and it involves a relatively simple setup.
Whether crypto traders make or lose money, a crypto app remains a winner.
How much you can make: $25,000 — $220,000/month
How long does it take to build: 180 days (?)
CBlocks is a cryptocurrency startup that generates random wallets of the top 100 cryptocurrencies, funds them, and ships them on a USB drive alongside software to manage them, with $32k made in the first 30 days and almost $3k on their second day from being featured in TheNextWeb, Forbes, The Outline & LifeHacker all within their first 3 weeks.
11. Start a crypto loan service
Crypto loans are a great alternative to traditional loans. They are quick, transparent and have low-interest rates. However, they can be difficult to apply for, because they require the borrower to provide more information than traditional loans.
A crypto loan service creates a personalized experience for clients who borrow crypto loans. You can make their process smooth, transparent and efficient by providing them with a complete loan application, matching them with the right lender, and executing their loan quickly.
You can launch your own crypto loan service on this platform
12. Become a crypto miner
Crypto mining is creating new bitcoins by solving complicated math problems that verify bitcoin transactions.
To get established as a crypto mining expert, you need to have a wallet for your cryptocurrency so that the tokens or coins have a place to land. Each crypto miner has to be a member of an online crypto mining community. Besides, crypto miners need specialized machines built and tuned specifically to mine cryptocurrencies. The interesting thing about crypto mining is that more people mining bitcoin does not lead to an increase in the number of coins being mined.
How much you can make: $2,800/month
Learn how Adam Crookes started a content writing business, Freshly Squeezed, from scratch, resulting in $3K MRR in just 6 months, and get tips on attracting and retaining customers and building a successful service-based business.
13. Start a crypto hardware business
Although crypto is a digital product, there are many physical products that can be built around it, such as wallets, security keys, and USB drives.
The first thing that you need to do is to make sure that you have a good idea for the product. You should also find out how much it would cost to manufacture the product.
If you are developing a hardware related product, then you need to know the laws and regulations of the country where your manufacturing facility will be based on. For example, if your product is related to cryptocurrency and mining, then it needs to be compliant with all of the rules and regulations set by SEC in America.
How much you can make: $32,000/month
How much does it cost to start: $136 (?)
How long does it take to build: 180 days (?)
CBlocks is a cryptocurrency startup that generates random wallets of the top 100 cryptocurrencies, funds them, and ships them on a USB drive alongside software to manage them, with $32k made in the first 30 days and almost $3k on their second day from being featured in TheNextWeb, Forbes, The Outline & LifeHacker all within their first 3 weeks.
14. Become a crypto accountant
As cryptocurrencies become more common for transactions and investments, there is a need for accounting professionals with knowledge of how cryptos work.
To become a crypto accountant, you need to understand how cryptocurrencies work and how the classification of these digital assets under the generally accepted accounting principles.
The rise of cryptocurrencies brings a new layer of complexity to accounting. Navigating the new frontier and ensuring tax compliance and proper crypto accounting can prove challenging.
The best way to start learning more about cryptocurrency accounting is to read articles that are published on the topic, like this one. They will cover everything from how to account for cryptocurrency mining operations to how to account for a fork in the blockchain.
15. Start a decentralized app
Decentralized apps are digital applications that exist and run on the blockchain or peer-to-peer networks of computers instead of on single computers.
Before you build a decentralized app business, it helps to know your competition and trends ushering in the new wave of decentralized Apps. Remember that dApps aren’t an entirely new concept. The new shared trust mechanisms that are cryptographically secured make the modern decentralized apps stand out. The decentralized apps will be more involved in day-to-day living, reducing costs and eliminating third parties from many of our personal and business transactions. In addition, app developers can expect to create dApps with a heavy focus on the metaverse.
How much you can make: $10,000/month
How long does it take to build: 357 days (?)
MintMe revolutionizes the crypto-crowdfunding space by offering a platform for both token creators and supporters to earn money through token trading, boasting over 1 million users worldwide and attracting clients through direct engagement and continuous improvements.
16. Start a decentralized cloud storage businesses
A decentralized storage system stores data encrypted across multiple locations or nodes run by individuals or organizations.
A decentralized architecture for cloud storage is the key to Web3 performance, sustainability, privacy, and resilience. This is basically because the decentralized cloud solution delivers the following:
- Storage that is both environmentally and economically sustainable
- Default encryption in a zero-knowledge architecture
- Automated encryption, multi-region access, parallelism, and much more.
- Complete data privacy and ownership.
Decentralized cloud storage represents one of the most viable crypto business ideas to start in 2024.
How much does it cost to start: $2,700 (?)
How long does it take to build: 100 days (?)
17. Start a decentralized websites hosting business
Decentralized web hosting aims to cut the middleman, preventing websites from being taken down easily or degraded by a service outage of a given vendor.
Sometimes referred to as Web3 hosting, this service ensures the technical resilience of the website and delivers advanced security & privacy.
A few significant players currently dominate the decentralized web hosting market. We expect to see more decentralized web hosting businesses emerge in the coming years. Therefore, entering the market in 2024 is a great idea.
How long does it take to build: 365 days (?)
18. Develop a crypto gaming platform
The crypto gaming industry is part of a growing blockchain space that has attracted much attention since its inception. Crypto gaming will grow to $50B in a few years, reaching a growth rate 10X of traditional gaming.
Therefore, starting a crypto gaming business presents a potential business opportunity. Crypto gaming platforms allow users to gamble with cryptocurrencies instead of traditional currencies.
Besides, crypto gaming platforms offer players access to a wide variety of games, a secure and trustworthy platform, and offer the global audience an easily accessible platform.
19. Become a DApp Developer
DApp Development is the process of building decentralized applications with backend code running on a decentralized peer-to-peer network. DApp development is still the main attention grabber for startups and business owners around the globe.
While DApp development may seem a relatively young IT area, becoming a DApp developer in 2024 may be a profitable venture.
20. Start a defi exchange
Defi exchange platform uses blockchain technology to create financial products and services. A Defi exchange platform allows users to create financial products without needing a third party. Some applications of DEFI platforms include:
- Creating financial products without the need for a third party.
- Allowing users to create financial products on the blockchain.
- Enable borrowing and lending of money on the blockchain.
- Allowing users to invest in cryptocurrencies and other assets.
How much you can make: $1,000,000/month
How long does it take to build: 188 days (?)
Midas.Investments provides a digital asset investment platform, offering structured passive-income products for users seeking to build a long-term source of income in cryptocurrency while minimizing time and risk capital.
21. Start a cryptocurrency ATM
A cryptocurrency ATM is a stand-alone electronic kiosk that allows users to buy and sell cryptocurrency. Users can buy or sell cryptocurrencies in exchange for cash or other cryptocurrencies.
22. Start a crypto asset management business
Crypto asset management services help users manage their crypto assets. The management service features a tool to show how the investor’s portfolio is shifting over time. The crypto asset management service enables crypto investors to know which assets to hold and which ones to sell.
23. Start a cryptocurrency blog
Starting a crypto blog offers an indirect way to make money in the crypto industry by targeting people who trade virtual coins. Traders research the internet for general and specific information, which is critical in helping them reach trading decisions.
Thus, if you are a blogger, use your research and writing skills to publish high-quality crypto-related content. You may write for an existing online publication or create a crypto-related website.
How long does it take to build: 12 days (?)
24. Offer an online crypto course
People are searching the web for cryptocurrency-related information. A majority of these people are also looking to advance their careers in the cryptocurrency field.
If you are a cryptocurrency expert, you can start a crypto training course and share your knowledge in exchange for value. You can deliver crypto courses through webinars, create a cryptocurrency training website or share pre-recorded training materials via a YouTube channel.
25. Become a cryptocurrency consultant
A cryptocurrency consultant is a professional who guides clients, helping them make successful, well-informed, and compliant cryptocurrency transactions.
A cryptocurrency consultant protects clients from illegal and unethical crypto practices by providing comprehensive guidance from strategic consulting, tokenization, smart contracts, and blockchain application development. The services offered by cryptocurrency consultants include:
- Blockchain Consulting
- Tokenization
- NFT Development
- NFT Market Development
- Blockchain Development
- Tax and Regulatory Consulting
- Smart Contracts Creation
If you have experience and expertise in any cryptocurrency areas above, consider starting your consulting firm.
26. Start a crypto payroll service
A crypto payroll service is an application that integrates crypto payments into business accounting processes, automating invoicing management and settlement.
Crypto payroll software integrates invoice processing and crypto settlement into companies’ existing accounting routines, enabling businesses and employees to enjoy the full advantages of crypto payments.
Integrating crypto payroll services enables business access to global labor markets and helps to lower transaction fees. As more attractiveness of digital assets increases, starting a crypto payroll service can be a profitable venture. As the developer, you will earn a commission for each transaction made via your platform.
27. Start a cryptocurrency wallet
A crypto-wallet works like the wallet you use to store your fiat currency. Creating a cryptocurrency wallet is a profitable crypto business. With a good knowledge of software and blockchain, you can start making crypto wallets and earn a commission after each transaction.
How much you can make: $1,000/month
How long does it take to build: 30 days (?)
HoneyCoin is a payments app that helps creators and internet businesses monetize their audiences by managing cash and cryptocurrency all in one place, which processes an average of $10k per month in revenue and has onboarded 504 people.
28. Create a play to earn game
Play to earn games are a new trend in the gaming industry. They are often blockchain-based games that reward digital assets.
These games that give players items, currency and other rewards for completing tasks.
The most popular play to earn games include:
- Clash Royale (by Supercell)
- Pokemon Go (by Niantic)
- Fortnite (by Epic Games).
To create your own play-to-earn game, you will want to generate a few game concepts.
If you want to create your own play-to-earn game, you will want to generate a few game concepts. As a game developer, it can be difficult to decide what type of game you want to develop. This flowchart might help you explore your options in deciding what type of game to develop.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
