Top 5 Most Innovative Cryptocurrency Business Ideas 2020
" Success usually comes to those who are too busy to be looking for it."-- Henry David Thoreau.
Great Welcome for the one who is ready to enjoy the taste of Success. I think your thirstiness for success made you reach this article. Isn't it?
As we are at the edge of the 2019 and we all have constant prayers for the upcoming year to be the noteworthy and most addressable year.Right? Let us make the year 2020 to be the most remarkable year in our business journey.
I am here to share with you the most interesting and innovative cryptocurrency business ideas that will play trending roles in the year 2020.
If you are a Zealous Individual of starting a business or an unstoppable entrepreneur who always looks for new innovative ideas to be implemented in business to reap success, this article will surely guide you.
Hoping 2020 to be a great year in your business, let us start our discussion !!
Let us here look at the most-trending cryptocurrency business ideas for the year 2020.
Before listing the trends, I would like to explain to you why we prefer cryptocurrency for the year 2020.
Cryptocurrency is the most searched term on the internet in these digital days and Bitcoins is the most adopted cryptocurrency in the globe. Every day a new cryptocurrency has been introduced to the market which clearly shows the people's interest and eagerness towards cryptocurrencies. Most of the countries have regulated the use of cryptocurrencies and even hotels, educational institutes, banks in many countries has accepted the cryptocurrency payments.
The below image shows how cryptocurrency is so familiar even with students of United States in the year 2018.
Source : Statista
These facts shows that cryptocurrency will play the biggest role in 2020 and further. Cryptocurrency will never fade out from the digital economy even if the sun and earth in the universe change their position.
Listed here are the cryptocurrency business ideas for 2020.
1. Cryptocurrency Exchange Business
The process of exchanging a cryptocurrency between the cryptocurrency users makes it valuable and cryptocurrency exchange is the most notable process done with cryptocurrencies.
Cryptocurrency Exchange/ Trading is a first-rated business platform that has the world's largest user-base. As the grade of cryptocurrency increases among the people of this digital economy, the excellence played by cryptocurrency exchanges will also be increasing.
Already we discussed the demand for cryptocurrencies in the year 2020. Thus starting a cryptocurrency exchange business will surely make you earn high revenue and user-base within accountable time.
There are many types of cryptocurrency exchanges. Choose the wise type as your business model to gain the market's attention.
Centralized Cryptocurrency Exchange
A centralized exchange is the most traditional as well as a non-degradable exchange model. Here the traders trust a "middle man " for their exchange of cryptocurrencies. The middle man refers to the central authority or trusted banks which accomplish the transactions in a safer manner.
There are many centralized crypto exchanges in the market in which some of the exchanges had faced an issue as the central authority steals the cryptos while transacting between buyer/seller.
Apart from these failures, still there is hope and constant user-base for centralized exchanges as they are wide-spread and most popular cryptocurrency exchange model.
Since you can also start your own cryptocurrency exchange as a centralized one without any confusion and fear. Get a centralized exchange script from Bitdeal and launch your own centralized crypto exchange platform instantly.
Decentralized Cryptocurrency Exchange
The concept of decentralization has been introduced when cryptocurrencies have been introduced for the first time. Decentralized Cryptocurrency Exchange is the concept that never becomes competitive with centralized exchange but overcomes the drawbacks that lie in centralized exchanges.
Decentralized Exchange is one that cut-off the present of middle man authority while the transactions happen between buyer and seller through automatic smart contracts. This Peer-to-peer cryptocurrency exchange eliminates the risk of hacks by a middleman.
As this provides more security to crypto-assets than centralized exchanges, some people make their exchange process in this kind of decentralized exchanges, even if it is a newer concept.
Thus, you can also start your own decentralized crypto exchange platform in 2020 with the decentralized exchange script from Bitdeal now !!
Hybrid Cryptocurrency Exchange
A newer exchange model that going to be more trending in the year 2020 is " Hybrid Cryptocurrency Exchange". A hybrid cryptocurrency exchange is nothing but an exchange that inherits the advantages of both centralized and decentralized cryptocurrency exchange.
You can start your cryptocurrency exchange as a hybrid crypto exchange that allows users to trade both a centralized or decentralized manner in a single platform. This may be more smartest and easiest way of gaining more traders to your exchanges.
As a constant researcher of the cryptocurrency market, I assure you that starting a hybrid cryptocurrency exchange will surely bring you high revenue. You can contact Bitdeal anytime for Hybrid Cryptocurrency Exchange Development.
2. Bitcoin Escrow Business
One of the oldest and ever replaceable business ideas in the cryptocurrency market is starting a Bitcoin Escrow Business as a service.
Bitcoin Escrow Exchange is one that allows for exchanges of cryptocurrencies between traders with the presence of Escrow Admin. Here the Escrow admin will handle the cryptocurrency transaction and there is no possibility of hacks by escrow admin as this process of transaction takes place through the generation of private keys.
You can launch your own Bitcoin Escrow Business and make more revenue with less effort. Get Unique Bitcoin Escrow Script from Bitdeal to launch your own Bitcoin Escrow Exchange as a business or services.
3.Start Cryptocurrency Exchange business with Clone Script
"Don't Be Smart. Instead, Be Smarter "
Smart Business Individual thinks only about success. The smarter business magnet will think of success through the smartest way. Here let us look at the smartest way to make business revenue.
Launching a clone exchange like a top cryptocurrency exchange can make you reach every soon in the market. There are many top cryptocurrency exchanges prevailing in the crypto market if you start a new one, hardly it takes more time to make your exchange a branding one as like "Binance".
So, if you start an exchange with all features and functionalities like Binance, ie., making of the clone of "Binance" can make you reach in a short time. Thus, selecting the best exchange from the list of top cryptocurrency exchanges and making the clone of them and launching your own cryptocurrency exchange is the smartest business model that will work quickly and constantly in 2020.
Already many business individuals have started following this trend and many organization provides the clones of crypto exchange. Bitdeal is one of the cryptocurrency exchange development company that provides cryptocurrency exchange clone scripts to start own crypto exchanges.
The top cryptocurrency exchange clones that are being demanded in crypto markets are as follows :
1. Binance Clone Script
2. Paxful Clone Script
3. Remitano Clone Script
4. Coinbase Clone Script
5. LocalBitcoins Clone Script and more.
Below images shows the trade volume of top cryptocurrency exchanges.
Check out the top 15 cryptocurrency exchange clone scripts that Bitdeal offers for you !!
4. Third-Party Cryptocurrency Wallet Services
"Safety First is Safety Always." - Charles M. Hayes
Cryptocurrency Wallet is the safest place to store cryptocurrencies. As we discussed above the importance of cryptocurrency exchanges and starting an exchange. Here let us look at the cryptocurrency wallet. You may be confused about how this cryptocurrency wallet would be one of the trending business models? Right?
Cryptocurrency adopters are increasing every second in every nook and corner of the world. As if crypto hackers are also increasing at the same rate. So, keeping our crypto assets safe from hackers is our own responsibility.
You can launch this cryptocurrency wallet development services as a business. You can provide crypto wallet services for traders in exchanges separately or else you can provide crypto wallets for an exchange as a whole. This may be a better business idea that can gain you more user-base as well as links with major cryptocurrency exchanges which will later be useful for you to launch your own cryptocurrency exchange business.
5. ICO/STO/ IEO/ CTO
Initial Coin Offering is a process of crowdfunding through which you can collect funds from volunteers (Investors) to launch their own business or startups. ICO launcher provides investors tokens, using which they can claim for profit/share in the businesses.
ICO/STO/IEO/CTO is never-ever fading cryptocurrency-related crowdfunding techniques that help every individual who starts a cryptocurrency-related business with low capital investments.ICO has been banned in many countries as there occurred many spam ICOs. Still, there is always a high demand for ICO/STO in the crypto market.
We all have come across the news about Libra - Facebook Crypto coins. You can also start your services by creating your own cryptocurrency or altcoins or stablecoins or even your own crypto tokens.
Best Countries to start your cryptocurrency-related businesses
We have revised the 5 top-most cryptocurrency business ideas that will make huge revenue in 2020. Now let us look at the most suitable locations to start those businesses to make it more effective.
Malta - "The Blockchain Island " is the best place to start a cryptocurrency and blockchain-related business. Malta Government has created "The Malta Digital Innovation Authority " which provides regulatory frameworks to start crypto businesses in Malta.
Switzerland is a prosperous country in central Europe to start cryptocurrency businesses. Some of the regions in Switzerland has named " Crypto Valley " indicating its progress to start crypto businesses.
Singapore is a Southeast Asian island nation with 5.6 million people which is the best place to start a cryptocurrency-related business. Singapore is "Technology Ready Nation" which is always the best place to implement new and innovative business ideas.
Japan - The first Nation in the world to accept cryptocurrency usage, will never be out of this list. Japan's Cabinet has officially announced Bitcoins as a "Real Currency", which shows starting a cryptocurrency-related business in Japan will be worth than any other in the globe.
Mexico is one of the more interesting jurisdictions to start a cryptocurrency-related business in 2020 as the Mexico government to have regulatory laws towards cryptocurrencies.
Source : Statista
Some other important countries to start your cryptocurrency exchanges or any other cryptocurrency-related business involves:
1. South Korea
4. United States
5. Australia and more.
Special features to be integrated into cryptocurrency exchanges
Already there is huge competition take part in the cryptocurrency market, thus starting a new cryptocurrency exchange and making it a brand will be a difficult task. So, if you concentrate more on the features that your exchange holds can attract users and increase visibility and brand identity inturns.
So, listed here are some innovative and interesting features that cryptocurrency exchange should have to make it more popular:
1. Future Trading Options
2. Margin Trading Functionality
3. Crypto Trading Bot Integration
4. Listing of Tokens option
5. Safest Crypto Wallet Integration. as like Trust Wallet in Binance
6. Online and Offline trading plugins
8. Multiple cryptocurrency support
9. Own token for exchange as like Binance Exchange
10. Mobile application for cryptocurrency exchange and so on.
Launch your own cryptocurrency exchange with all the above features integrated with the help of cryptocurrency exchange script development from Bitdeal now !!
I think we have delivered the most useful information that will make your 2020, an unforgettable year of business growth.
"The way to get started is to quit talking and begin doing." -- Walt Disney.
All the best with wholehearted new year wishes !!
Stay tuned with Bitdeal to know more innovative information !!cryptocurrency business ideas 2020 cryptocurrency business trends 2020
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