Cryptocurrency Business

5 Tips For Starting A Successful Cryptocurrency Business (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own cryptocurrency business? Here are some tips you should know:

Learn more about starting a cryptocurrency business:

Where to start?

-> Cryptocurrency business plan
-> How to finance a cryptocurrency business?
-> How much does it cost to start a cryptocurrency business?
-> Pros and cons of a cryptocurrency business

Need inspiration?

-> Other cryptocurrency business success stories
-> Marketing ideas for a cryptocurrency business
-> Cryptocurrency business slogans
-> Cryptocurrency business names
-> Cryptocurrency business Instagram bios
-> Cryptocurrency business Instagram captions

Other resources

-> Profitability of a cryptocurrency business
-> Blog post ideas for a cryptocurrency business

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a cryptocurrency business:

#1: Vamshi Vangapally, founder of BearTax:

We chatted with with Tela, founder of BearTax ($3.7K/month). In our interview, Tela says:

Being self-aware about sunk cost fallacy is one of the best things you can do to extend your runway.

Read the full interview ➜

#2: Eivind Semb, founder of Coinpanda:

We chatted with with Eivind, founder of Coinpanda ($35K/month). In our interview, Eivind says:

I pitched the business idea to a few friends that were developers, but they were not very interested in working on this together. This left me with only one choice: hire remote software developers and outsource all coding.

Additionally:

Being the founders of a startup, one of the most important things you can do is talking directly with your early customers. You will get feedback and discover things about your product/service that is invaluable.