7 Crypto App Success Stories [2023]
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.
Here are some real life success stories of starting a crypto app:
1. CBlocks.io ($384K/year)
Auston Bunsen, along with his co-founders PK Banks and Mario Aguayo, came up with the idea for CBlocks.io after realizing that many people found it difficult to get started with cryptocurrency. They decided to sell wallets preloaded with random cryptos, and within the first 30 days of launching, they made an impressive $32,000. The business has been featured in top publications like Forbes and TheNextWeb, and they are now planning to release updates to their hardware and software to make crypto more accessible for normal people.
How much they make: $384K/year
Current team size: 0
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.
2. Exolix ($10.8M/year)
The team at Exolix, a cryptocurrency exchange, came up with the idea for their business through their shared love and investment in cryptocurrency. They wanted to create a secure and anonymous exchange service with a fixed rate and no maximum limit on exchanges, which they themselves would find valuable. They conducted extensive research and analysis to form the basis of their product and quickly launched an MVP to stay ahead in the rapidly evolving industry. Within a short period, they have achieved profitability and continue to focus on providing a fast, easy, and secure exchange process for their users. They have also expanded their team, launched an affiliate program, and have plans for further development and surprises for their users in the future.
How much they make: $10.8M/year
How much did it cost to start: $200K
Current team size: 40
Exolix is an anonymous cryptocurrency exchange platform with a fixed rate and unlimited exchange that provides its users with fast, easy, and secure exchange processes.
So... can you actually make money with a crypto app?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesnβt.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. BitcoinVN ($300K/year)
Dominik, the founder of Vietnam's first Bitcoin exchange, came up with the idea after learning about Bitcoin in late 2012. He saw the potential for a Bitcoin exchange service in Vietnam, where access to Bitcoin was limited, and took part in launching Frankfurt's original Bitcoin community. Despite facing regulatory challenges and financial constraints, Dominik and his team bootstrapped the business and grew it into a successful venture, now offering a range of related products and services.
How much they make: $300K/year
How much did it cost to start: $5K
Current team size: 10
BitcoinVN built a successful Bitcoin exchange service in Vietnam, expanding to related products and services such as a crypto remittance platform, OTC desk, trading platform, and Bitcoin ATMs, with a founding team that took three years to receive income and initially invested $5,000.
So... can you actually make money with a crypto app?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesnβt.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
4. Finvault ($2.64M/year)
Punit Thakker, the CEO and co-founder of Finvault, came up with the idea for the digital wallet after recognizing the need to bridge the gap between traditional finance and decentralized finance (DeFi). With a background in fintech and cybersecurity, Punit and his co-founder Christian Papathanasiou aim to create an equitable financial ecosystem by providing a platform that allows users to manage all their bank accounts and crypto in one place. They have built a skilled team of developers and designers to bring their idea to life and are preparing for a phased launch into the UK and European markets.
How much they make: $2.64M/year
How much did it cost to start: $700K
Current team size: 13
Finvault co-founder Punit Thakker discusses the digital wallet's mission to financially connect users worldwide by providing one platform to manage all bank and crypto accounts; the platform is due to launch with initial features, including a crypto exchange, and is projected to achieve a customer acquisition cost of $10.75 and lifetime value of $4,800 based on a two-year lifecycle assumption.
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