Cryptocurrency Business Ideas That Will Get You Through an Economical Collapse

In these days of economic and civil unrest, cryptocurrencies and crypto-centered businesses seem to be a great way to edge your bets. Cryptocurrency is not merely a medium of exchange between individuals and businesses. Cryptocurrency is the basis of a number of business startups. In this article, we’re going to explore a few cryptocurrency business startup ideas that you could start. We’ll discuss a number of business models that are already proven ways to make money directly or indirectly with cryptocurrency.

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Cryptocurrency Exchanges

Cryptocurrency exchanges are platforms where people can exchange one cryptocurrency for another or a fiat currency. The cryptocurrency exchange, at a minimum, charges a fee for enabling this conversion. A cryptocurrency exchange is not the same thing as an exchanger. An exchanger is a basic trading site running of a manually regulated price table. The buy and sell prices are set by the administrators, though there may be a modest difference between those set prices and market prices that give the website administrators a profit margin. In contrast, cryptocurrency exchanges keep up with fluctuating currency valuations that change based on trading volume and demand. They’re more similar to stock exchanges down to their ability to attract speculators.

You could take things one step further by setting up a cryptocurrency ATM and charging a basic fee for the cash withdrawal.

Cryptocurrency Mining Businesses

Cryptocurrency mining is now a formal business model. Businesses are buying up hardware and configuring software for cryptocurrency mining so that they can sell the cryptocurrencies on the open market. Others are setting up cryptocurrency cloud mining solutions, selling the currencies they get for a profit.

Set Up Gaming Services Integrated with Cryptocurrency

Online multiplayer games keep people playing (and paying for subscriptions) by rewarding rare in-game items at random. Cryptocurrency can be that random valuable reward. Or you could reward items like digital gift certificates or digital assets tracked by cryptocurrency so that players can trade them or sell them to other players. You may even want to create a separate third-party platform for trading the items your server awards.

Another business model you could try would be to set up a gambling site. A gambling site that accepts cryptocurrencies isn’t as constrained by various regulations as one that relies on conventional payment methods. You could even set up sites for peer-to-peer betting and financial forecasting and earn a modest percentage of the money that passes through the site.

Selling Goods in Exchange for Cryptocurrency

If you already run a retail business, you could add cryptocurrency to your site as a payment option. There are people who have collected cryptocurrencies that would like to be able to spend it on conventional items. There are some items that others would like to buy with cryptocurrency instead of leaving the line item on their credit card statement, while others don’t want to have to deal with currency conversions.

If you have the expertise to integrate cryptocurrency payment methods into an existing website, you’re in the position to help others to do this. If you do know how to do so, you could start handing out business cards to other businesses so that you can be paid by other firms to help them sell more through cryptocurrency.

There are a number of proven business models that allow someone to earn decent money from cryptocurrencies. And they’re all within realms where startups still have room to compete and succeed.