6 Crypto Hardware Business Success Stories [2023]
Although crypto is a digital product, there are many physical products that can be built around it, such as wallets, security keys, and USB drives.
The first thing that you need to do is to make sure that you have a good idea for the product. You should also find out how much it would cost to manufacture the product.
If you are developing a hardware related product, then you need to know the laws and regulations of the country where your manufacturing facility will be based on. For example, if your product is related to cryptocurrency and mining, then it needs to be compliant with all of the rules and regulations set by SEC in America.
Here are some real life success stories of starting a crypto hardware business:
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
Where they're located: Miami, Florida, USA
Current team size: 0
Learn more about starting a crypto hardware business:
Where to start?
-> How much does it cost to start a crypto hardware business?
-> Pros and cons of a crypto hardware business
Need inspiration?
-> Examples of established crypto hardware business
-> Marketing ideas for a crypto hardware business
Other resources
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