12 Cryptocurrency Business Success Stories [2024]
Here are some real life success stories of starting a cryptocurrency 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
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. BearTax ($44.4K/year)
Vamshi Vangapally, CEO and Co-founder of BearTax, came up with the idea for his cryptocurrency tax software when he received an email from GDAX informing him that his trades would be reported to the IRS. After searching for a solution and finding expensive and unreliable options, Vamshi and his team built BearTax to help cryptocurrency traders calculate their taxes accurately and efficiently. Since its launch in 2018, BearTax has become one of the top cryptocurrency tax software in multiple countries, serving over 10,000 users worldwide.
How much they make: $44.4K/year
Current team size: 7
BearTax is a cryptocurrency tax software that helps traders consolidate trades and calculate taxes without heavy lifting, serving over 10,000 users across the globe in the US, Australia, Canada and India.
So... can you actually make money with a cryptocurrency business?
Of course. There are millions to be made in this industry.
But how?
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3. Coinpanda ($420K/year)
Eivind Semb, the founder of Coinpanda, came up with the idea for his business after struggling to calculate and report his own cryptocurrency taxes. Realizing that there were not many great products on the market, he saw an opportunity to create a user-friendly solution. Despite having no experience in software development, he hired remote developers and spent several months designing and prototyping the product before launching.
How much they make: $420K/year
Current team size: 5
Coinpanda is a cryptocurrency tax solution for traders and investors, offering a free portfolio tracker in addition to a tax solution that can calculate taxes and capital gains for over 7,000 cryptocurrencies and is integrated with over 100 exchanges, blockchains, and services, generating $85,000 in revenue with a 75% profit margin in Q1.
4. HollaEx ($420K/year)
Adrian, the co-founder of HollaEx, came up with the idea for his open-source crypto software startup in the early days of crypto around 2016. Starting with an app that connected bitcoin enthusiasts, the focus shifted to exchange technology as the industry grew. HollaEx has now evolved into a general-purpose crypto service, providing a white-label exchange software that allows businesses to enter the crypto world easily.
How much they make: $420K/year
How much did it cost to start: $10K
Current team size: 13
HollaEx, an open-source crypto software startup, evolved into a general-purpose crypto service and created a white-label exchange software with a one-day launch, resulting in a revenue of $420k per year as of 2021, with a focus on exchange technology and tackling key crypto infrastructure solutions like wallet tech, exchange hosting, and white-label services.
So... can you actually make money with a cryptocurrency business?
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 doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
5. FLIFER COIN – energy efficient coin – The revolutionary, deflationary and energy efficient coin ($360K/year)
How much they make: $360K/year
Current team size:
6. 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 cryptocurrency business?
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 doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
7. 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.
8. 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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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings