Topic: How can I start a business that offers crypto services? - page 4. (Read 1197 times)
My business will accept payments of both Bitcoin and fiat. It is not solely running on BTC.
What we forget is that its not easy to actually have a lot of money coming your way in bitcoin that you can easily cash out if the country you reside and banks that you use have a rule against bitcoin for example.
If you can show invoices for the things you sell than you can obviously start a shop sell some stuff and get paid in bitcoin and print an invoice for it and show it on tax returns and get it on your bank account, however if you are not selling something and more like a middleman for stuff like an exchange that people exchange currencies and you make money based on the trading fee than you can't invoice a trading fee and that would create issues in some countries. It all depends on where you live and what are the rules for crypto currency there but that plays a bigger role than anything else here.
If you can show invoices for the things you sell than you can obviously start a shop sell some stuff and get paid in bitcoin and print an invoice for it and show it on tax returns and get it on your bank account, however if you are not selling something and more like a middleman for stuff like an exchange that people exchange currencies and you make money based on the trading fee than you can't invoice a trading fee and that would create issues in some countries. It all depends on where you live and what are the rules for crypto currency there but that plays a bigger role than anything else here.
Cryptocurrency Business Loan Consulting Service
Businesses with cryptocurrency acceptance weren't not that popular around the world, as the technology backing is something new for the business people. Another side people fear about the volatility with cryptocurrency that isn't good to be with businesses. The best way to offer crypto services is by adding cryptocurrency payments gateway to the common businesses that people own. Initially there won't be big profits, when days pass surely it'll get good return as more and more people getting into cryptocurrency usage.
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
That would be quite a risky business you want to take, I know a lot of people will advise you go for loan to buy bitcoin because of their own personal interest, since they know that whatever you put into the market of bitcoin will definitely add its own quota. For now that the market is highly volatile, I don’t think you should take that risk of borrowing money to fund this loan because the point you make that investment in crypto may not be a favorable one, and remember that anything loan has a time frame, and once it elapses, whatever you give as collateral will go for it, which you may even be forced to sell the remaining part of your investment in cryptocurrency to meet up, but life is full of risk though, and you may never know where your luck will shine. If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
I think getting a loan is easier these days depending on your credit, banks are giving loans left and right because they have too much money and they don't know what to do with it and they know for a fact that law is on their side so at the worst case they will just call the cops and seize whatever you have to pay for the debt.
However, they are charging you a lot of fee for it because interests are going up and the inflation is going up which means the loan interest go up as well and that is why you would have to pay a lot back. That is why getting a loan is easier but keep paying it is the hard part, how do you plan on operating a whole business when some of your revenue goes directly to paying back the loan and not going bigger, that is money that could be spent on the business that is gone and it could even be the decision between keep running it or closing the shop.
However, they are charging you a lot of fee for it because interests are going up and the inflation is going up which means the loan interest go up as well and that is why you would have to pay a lot back. That is why getting a loan is easier but keep paying it is the hard part, how do you plan on operating a whole business when some of your revenue goes directly to paying back the loan and not going bigger, that is money that could be spent on the business that is gone and it could even be the decision between keep running it or closing the shop.
If you open a business in crypto theres a lot you need to consider because its not easy to build a business that you think wisely especially in crypto that a lot of frauders,scammer and so on. Its good to make a business but you need to be wise.
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
At first you can't just get business loan by registering a business name. HODL business doesn't exist too. To buy and hold bitcoins, you can get loan from bank, if you want huge amount of money, you can put your house in loan but be very careful, some people did that when price was 20K and lost houses. You aren't alone interested in crypto, why to invest in you while we can buy bitcoin and watch when it will rise? The only way to choose you is to give us guaranteed profit and then it's not my job where you invested money, in crypto or etc. If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
So you can't get "giant" loan, sorry but your "business" idea can't be released unless you own something very worthy.
Funny.
This is not a business idea.
if you have something you can show your bank and " promise" it in return in the situation when you cant give the money back, then you can get the loan. Otherwise no bank or even a person will give you money, just forget about it.
This is not a business idea.
if you have something you can show your bank and " promise" it in return in the situation when you cant give the money back, then you can get the loan. Otherwise no bank or even a person will give you money, just forget about it.
These ideas let me think that either a very young guy is writing or a very naive person, who does not know anything about business and crypto does it. The best idea for him is to forget this idea. Learning trading it is better to become a trader.
Well my business is valued at .1 bitcoin and $100USD, and my business is debt-free. My business is in the green and growing. My business had to start somewhere. This isn't rocket science. Where in your crypto rule book does it say you need to be a genius to make money?
On the contrary, there are plenty of other people who get business loans for Millions of dollars, they have business credentials, they have employees relying upon them, they have mentors and people helping them, and they lose it all, and fail miserably.
Funny.
This is not a business idea.
if you have something you can show your bank and " promise" it in return in the situation when you cant give the money back, then you can get the loan. Otherwise no bank or even a person will give you money, just forget about it.
This is not a business idea.
if you have something you can show your bank and " promise" it in return in the situation when you cant give the money back, then you can get the loan. Otherwise no bank or even a person will give you money, just forget about it.
These ideas let me think that either a very young guy is writing or a very naive person, who does not know anything about business and crypto does it. The best idea for him is to forget this idea. Learning trading it is better to become a trader.
The business I have is a crypto service related business. Still unknown for the most part.
I decided this is a completely debt-free business. No loans will be taken, unless somebody else offers to service the loans for free.
Once my website is up and running, I will add a donation button. That donation button is going to be my first income stream.
My business will have multiple income streams. Any donations offered is only one of these sources of money flowing in.
Today I created two new cold storage wallets for my business: BTC and ETH. Send me a PM for address details.
Today I also added $100 USD of pure cash to my business account. It's in an envelope on my desk.
I have been writing down all my income and expenses so far and I will give it to a professional accountant when the time comes.
I decided this is a completely debt-free business. No loans will be taken, unless somebody else offers to service the loans for free.
Once my website is up and running, I will add a donation button. That donation button is going to be my first income stream.
My business will have multiple income streams. Any donations offered is only one of these sources of money flowing in.
Today I created two new cold storage wallets for my business: BTC and ETH. Send me a PM for address details.
Today I also added $100 USD of pure cash to my business account. It's in an envelope on my desk.
I have been writing down all my income and expenses so far and I will give it to a professional accountant when the time comes.
There are a lot of people with more money than they know what to do with. I would target entertainers and professional athletes and offer to help them with wealth management services, there is a lot of money to be made in this field.
I have decided to by-pass getting a business loan for now. But the price of Bitcoin went up since yesterday so now my .1 Bitcoin is worth $1307.89. My business is basically flourishing because I did nothing and increased the value of my account.
Now I need to open a website for about $30 USD. I will do that. That website will be a good investment for reaching new clients in my crypto service business. Also I will connect my website to a newsletter for keeping clients up to date with my business.
For your bitcoin holdings increase then get used to it yet bitcoin can give out such opportunity the thing Now I need to open a website for about $30 USD. I will do that. That website will be a good investment for reaching new clients in my crypto service business. Also I will connect my website to a newsletter for keeping clients up to date with my business.
where im confused is that,what business you are totally talking into?
I have decided to by-pass getting a business loan for now. But the price of Bitcoin went up since yesterday so now my .1 Bitcoin is worth $1307.89. My business is basically flourishing because I did nothing and increased the value of my account.
Now I need to open a website for about $30 USD. I will do that. That website will be a good investment for reaching new clients in my crypto service business. Also I will connect my website to a newsletter for keeping clients up to date with my business.
Now I need to open a website for about $30 USD. I will do that. That website will be a good investment for reaching new clients in my crypto service business. Also I will connect my website to a newsletter for keeping clients up to date with my business.
0.1Bitcoin will be worth certain amount in USA right and you already mentioned that you will follow all the rules of USA then you need to register your business and get the approval and start the business as you want.
Yeah, indeed it is worth a certain amount. /s
But probably actually thinking how much that amount is and what it means in the US was beyond your one line crap capabilities.
My crypto business is currently worth .1 Bitcoin.
My crypto business will be based in the USA.
My crypto business will be based in the USA.
Do you realize you have 1200$ as capital, with overtime you can make more in a month flipping burger?
This is not about ways of starting a business but on how low a troll can get nowadays.
https://lmgtfy.com/?q=cost+of+setting+business+in+usa
Just ensure you are planning the right thing because of the volatility of bitcoin. what happens if the price of bitcoin dumps and your loan is in the negative? although am always positive on the bitcoin price but it's always better to use one's money to invest in bitcoin except one has insurance covering the investment.
I am not going to register a business name until I have at least a few clients.
How about I start with buying a website name?
How about I start with buying a website name?
Let's forget about the loan for now. Forget about the money for now.
Let's just say I already have .1 Bitcoin to start with.
My crypto business is currently worth .1 Bitcoin.
My crypto business will be based in the USA.
It will start with one employee, myself.
All laws will be followed to the very best of my ability.
I need my first client. What will I do next?
Let's just say I already have .1 Bitcoin to start with.
My crypto business is currently worth .1 Bitcoin.
My crypto business will be based in the USA.
It will start with one employee, myself.
All laws will be followed to the very best of my ability.
I need my first client. What will I do next?
Funny.
This is not a business idea.
if you have something you can show your bank and " promise" it in return in the situation when you cant give the money back, then you can get the loan. Otherwise no bank or even a person will give you money, just forget about it.
This is not a business idea.
if you have something you can show your bank and " promise" it in return in the situation when you cant give the money back, then you can get the loan. Otherwise no bank or even a person will give you money, just forget about it.
To get a loan in a large amount, you must have a guarantee that the party who will give you a loan can trust. But you don't have to say that the money you borrow will be invested in Cryptocurrency. Because if they don't understand Cryptocurrency, you won't get a loan.
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