Cryptocurrency offers a profitable alternative to the other financial markets such as Stock Market, Mutual Funds, Insurance, Fixed Deposits, etc. If you are looking for ways to start your own cryptocurrency business in 2020, this article is just for you!
Since its inception a decade ago, Cryptocurrencies have gained the spotlight as an alternative to our national fiat currencies. It has also proved its potential as an investment instrument and offered a higher return on investment (ROI) than other instruments. In fact, early investors of Bitcoin (BTC) have made a fortune with their investment with more than 2000% return.
If you are looking to capture the global cryptocurrency market and start your Crypto Business, we bring you the Top 5 Business Ideas with huge potential.
Cryptocurrency Trading Business 2020
Just like Stocks Broker, you can become a cryptocurrency broker by partnering with a Cryptocurrency Exchange and offering crypto trading services to Investors, Traders, Sub-brokers, and clients.
With only a One time investment, you can build your own Cryptocurrency Exchange by becoming a Trading Member of PCEX. PCEX’s B2B Model helps you kick start your Cryptocurrency Trading Business with a complete Membership Kit that includes a customized Cloud Trading Platform, Mobile Application, Server Setup, Wallet Integration, Marketing & PR support, Technical Assistance and more.
Some key factors to consider PCEX B2B Model for your Cryptocurrency Business are Higher Liquidity, High Revenue Share, Multi-layer Security, Independent Ownership and complete Membership Kit.
Third Party Cryptocurrency Wallet Services
You can start your own cryptocurrency wallet business by providing wallet development services to Cryptocurrency Exchanges, Merchants, Brokers, Traders and Investors. More and more investors and traders are looking for multiple wallets to store their crypto coins and save them from any cyberattacks.
Offering Cryptocurrency Wallet Development Services as a Business will allow you to create a user-centric model for providing Wallet Services for safe-keeping of investors and traders cryptos.
Initial Coin Offering (ICO)
ICO or Initial Coin Offering is a technique to crowdfund your crypto-related business. In exchange for funding your Crypto Business Idea or Start-up, you can issue a token to investors which can be used to claim share or profit in the startup or business.
To start your business by crowdfunding using ICO, you can start by creating your own cryptocurrency on a Blockchain. ERC20 is a preferred blockchain for most new coins in the market.
Some examples of ICO are Libra, Feelium Coin (FCC), NEO, Filecoin, etc.
Bitcoin Escrow Services
If you want to start a cryptocurrency service-oriented business then Escrow Services is the answer for you. As a Business, you can offer Escrow Service Admin Services to Cryptocurrency Exchange and related companies. The Escrow Admin is responsible for providing safe cryptocurrency transactions between traders. The Crypto Escrow Service process uses private keys to identify and confirm a transaction that removes any possibility of hacks.
Start your own Escrow Service Business and earn revenue with minimum effort.
Cryptocurrency ATMs
Just like regular Bank ATMs, Cryptocurrencies like Bitcoin (BTC) also have ATMs for transactions. The only difference is that you can deposit money to buy Cryptocurrency through these Bitcoin ATMs.
You can get as high as 10% as commission for BTM transactions with a potential of good return within a year if you have a good location for the installation of BTC ATM. The major expense is the Machine itself and the rent of a good location for installation.
There are numerous options for Bitcoin ATMs available depending on your budget and your choice of commission. Although they require fairly small space and will keep the rent within the limit for you.
If you are looking to start your own business in cryptosphere, the above Crypto Business Ideas are trending in 2020. Cryptocurrency has a huge potential and offers great returns on investment. A simpler and long-term business idea is to start your own trading business and add Master Franchise, Franchise, Freelancers, Broker, and Sub-Broker underneath you who will actually do the transactions and give you a cut in the profits. For this, you can connect with PCEX Business team at member@pcex.io.
