Bitcoin Forum

Hello all,
Cryptocurrency is becoming legal in my country, Albania. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

Exchange is the most ideal business for your country if there's still no local exchange that has been built there. Being the pioneer local exchange will get you the most attention because people can easily remember your company being the first crypto establishment.

As you know, the capital will be huge but you can start your own peer to peer exchange. And for other business ideas, you can have a look at Project Development (https://bitcointalk.org/index.php?board=12.0) and find something that you think suits your country and law.

Congrats! Which country?

Like any business, it always needs capital to run it. Since sunsilk already suggested exchange, let me suggest something else which truly is a cash cow.
Bitcoin Casino! Being the house you will always gain money from gamblers.  It will still have risks like the exchange but you being the first in the country may be easy to promote in local forums.

Well, the very first thing that comes to mind when combining the words Bitcoin and is legal is a Bitcoin ATM, where you could buy and sell cryptocurrencies, but I can’t say how profitable this idea will be. Because usually they have a pretty big commission.

Pick your cards :

* an accounting service
* ATM management
* brick and mortar boutique to sell ledgers/trezor, mining gear,
* same as above but online based
* set up a business that "settle" btc payment for small business, promote your services. ( ie, organise a plug-in for payement terminal) that liquidate BTC into your currencies, go and talk to coffee shops, barbers, auto repairs ...
* become a bitcoin "teacher", do seminars, coach people (maybe not from a financial point of view, just do it from a technological point of view)
* become an importer of BTC related products (Ballet wallet ?  coldkey ?)
* become a broker


Sky is the limit

These are great options to choose at if you'd ask me, I think the best way to widen the knowledge of people is becoming an enthusiast and influence BTC and cryptocurrency to the people, targeted students would probably aged 16 and above, it'd be essential and a great income for you as well, teaching BTC to them while benefiting at the same time, and thus, the economy will also rise since more and more people would recognize BTC's benefits and unlimited opportunities.

That is a great news that your country is starting to accept cryptocurrency and understand it's true value. I think you can you do any business you want like selling products or goods that accepts bitcoin and other cryptocurrency, and inviting other small business to accept bitcoin and cryptocurrency as well.

If you're interested in dealing directly with cryptocurrency then you can invest in it or trade it. However if you want to leverage on it, or integrate it into other sector there are a variety of available options;
• It can be used as a payment method for your business
• You can offer services for those interested in it, exchange, trading platforms, an online forum etc.
• Running a Mining rig is an option, as that would be legal too, but it's very cost effective.

I'm unsure what you mean by this, are you asking whether Bitcoin would overshadow gold in your nation?
If so that is very unlikely

I would think of a business, that require short time to make an order/produce something/something that can be pre-selected. Something that doesnt cost much. Think of something that can be done quick, receive quick payment for it and switch to next customer.

One of cryptocurrency ideas is a quick payment. Make a big payment - means waiting long time for confirmation (if we talk about BTC and I'm sure exactly BTC will be used in your country as it is more knows and popular).

An own exchange, a wallet or a services that would fit the needs of locals. You know your country best, so go for a mindmap and write down everything that comes to your mind that would help the people. Don´t forget it´s better to sell the shovel, and not dig for the gold yourself! That said, better no trading services or something that needs heavy involvement from your side and a high chance of failing.

A great country is now legalizing bitcoin as a legal currency.

Need to think carefully about the bitcoin business in your country if with limited capital then I think we need to open an online store by accepting bitcoin payments or other small things in the business that you can afford.

I think if this has been legalized in your country then I think it will be a very rapid development where bitcoin will become easy to use there if it has already been recognized.

I don't think this suggestion would be a good idea for someone who is looking for a start up business. It would be very difficult for him to make market the sales since most of the people are now becoming security conscious of their cryptocurrency holding thus, they tend to just purchase in Ledger or Trezor Official website.

Did you mean not cost-effective because this time we're on an ongoing crisis and much lower mining reward of 6.25 per block.

Maybe if the bank there are not dealing on it, you can partner one way or the other in business with the bank. You can help people do bitcoin transaction or direct fiat exchange from your wallet and get played in fiat to your bank account including your charges.

This is good news that your country has accepted the crypto and finally all the citizens can now trade and invest and use the crypto in their daily life’s. One of the options is that you can partner with some shops and if they are ready to accept the crypto you can take commissions either from shop or the buyer/seller. Another thing you can act as the middleman by accepting the crypto and making the making payment via cash or card and keep the btc or other coins with you and buyer may be ready to pay something extra if anyone is ready to accept the crypto instead of cash or card. If you think crypto values in future will be rising you will make a good money with those cryptos or sell it on highs in short term.

^ It's good news that your country is starting to recognize and embrace cryptocurrency in your economy. And when cryptocurrency is a major part of your country, build a cryptocurrency-related business so you can be the first to identify your country that has established a cryptocurrency business. We all know that cryptocurrency is not yet established worldwide but in case any other country recognizes cryptocurrency and the business you are building is related to cryptocurrency I think you will not only be recognized in your country but also in other countries that are just beginning to recognize cryptocurrency and bitcoins. And in my opinion, the best business to build is a store that can buy and pay for bitcoins so that bitcoin people can easily recognize that your store is the first store in your country to receive and accept cryptocurrency payments for what they want to buy.

Both of our suggestion requires huge capital but until he mentions what country he resides. There might be a conflict about his country's rule about gambling but we don't know as long as it's gotta be a legitimate business and registered to his government, that will be a good business.

Being the first is what I'm thinking because there are many advantages to it. The suggestion of guigui got me because it's a good suggestion for me, the ATM management which is also like an exchange. That's a clever idea.

Online shop is the best business to set up for Cryptocurrency, you can set up an online t-shirt shop using Bitcoin and Cryptocurrency logo, it's like hitting two birds with one stone, I'm pretty sure it's going to be a big hit and you will promote Crypto currency as well.

Bitcoin is decentralized which gives people freedom of its use, I don't think that it is ideal for a person that has bitcoin coz basically he can do all by himself.
This might be the best shot you can do for now, try to resell ledger or trezor or any kind of hard wallets coz there are lot of people who will want to secure their coins especially now that we are on verge of economic crisis, no little amount of coins today will be insignificant in the future most especially in bitcoin.
This could be a good one but it defeats the purpose of bitcoin on eliminating the middlemen, but then it depends as it will be a business but I doubt if the business owner knows about bitcoin he'll definitely get it for free.
Just an advice, if you want to really be a teacher for crypto of advisor better if you do take online courses about blockchain yet so you'll have certificates that you can have to present with your students. Not just a youtube learner that makes you feel professional. It sucks seeing a person that way.
It's kinda risky, as I think of it.

Exchange exchange exchange. If it is becoming legal in your country, work with banks and make sure you could exchange bitcoin to fiat and vice versa. That way people who have fiat could send it to your business bank account, they will have fiat on your website, buy bitcoin and do whatever. And people who have bitcoins could send it to your website, could exchange for fiat, and send it to their bank accounts (which your business bank account will send them from). If you could do that a reality, many many nations in the world still needs that a lot.

I feel like your nation might already have one, but don't be afraid of starting another one, there will always be need for a new one. It will require some capital and you will need to do a lot of marketing and also you might need to do some fake volumes to look good and preferred as well.

It all depends on what you are into already. I believe that you already have an established business and you are just looking for ways to integrate cryptocurrency and Blockchain into.

The normal thing that most businesses do is that they allow their customers to make purchase by using cryptocurrency, that way you will be able to receive cryptocurrency from them, and it’s really cool to do that. Apart from accepting cryptocurrency as payment you can as well be rewarding your customers with tokens, if you do have one. You can also pay your employees with cryptocurrency, create a project, join a consortium and a lot of others you can do.

nice advice mate i like the idea the most of accepting crypto and then paying some cash back in the form of tokens or he can create his own token and this token is the one that will be use for giving cash back  which he can use to buy items or got discounts too   .  i havent seen this idea done by merchants that accept crypto yet so if it will be a good hit if he is the one that will does this first .  using other alts and toks not just btc is also a nice idea because many shoppers prefer this too  

I don't know where you live but you have to do some research around it. If you are from a small country, then it's far better for these purposes. In overall, analyze how is the demand on crypto in your country and what were people requesting/posting on forums in this category. Are there FB pages of crypto in your country? If yes, then check them and analyze given data that includes comments, answers and more.

In any way, if there are zero crypto business in your country, the best option is to create crypto exchange website but you may need a lot of money for this that includes creating secure currency exchange script, hiring a team of developers (or founding team) to improve your script, fix bugs and develop more features. Exchange is the best option if you are capable of doing it. Otherwise, it will be better to post how much budget you have and what you are capable of... It's very hard to give advice without this kind of information.

My country is Albania and yes gambling is illegal. I am already in the business admbet.com, its perfect!
thank you for all this ideas. I have time until September when the law will take effect! ;D

This depends on your country though but in terms of your country legalizing bitcoin, the first thing that popped in my mind is an ATM machine. Maybe an ATM machine that would let people buy btc so they would be able to use it or maybe just invest in it. If you already have a business, start announcing that you would be having discounts when they pay bitcoin so they would be using in your business.

Good call. I must first commend your government for such a revolutionary movement. To enhance the adoption and usage of cryptocurrency in your country, you can begin by accepting cryptocurrency in your small scale business and empower your customers to do same. You do not need a big business before you integrate cryptocurrency as payment. Hence, think of any business within your capabilities, start it up and begin creating awareness on how you accept cryptocurrency.

When it comes to business, it would depend on what the customers are going to look for and what you could do about it. I think the best approach with business today is online, knowing that we currently have this pandemic. Maybe set up your business around that and accept cryptocurrencies. It would depend on your target market.

It is hard to suggest a business without knowing the how much. The suggestions such as crypto exchange, casino, ATM, and so on are really nice. But they're most probably quite expensive. More often than not, such businesses are not undertaken by individuals but by companies.

I would suggest that if you already have a current business, however small it may be, you can always introduce crypto to it. Even if that is just an online store, a small bar, or a barbershop, a restaurant, coffee shop, pet shop, and the like, you can always put a banner which says "We accept cryptocurrencies" or "Bitcoin accepted here."

And take note, if you like, give those who prefer to pay in crypto a little discount, if only to drive crypto adoption.

Educating your countrymen about the advantage of the industry is one of the most underated service currently in the industry, since majority of the human race aren't aware of the benefits that comes with been an enthusiasts of the industry. If you can enlighten them without caring much about profiting from them, it will go a long way in preventing them from falling victim to thousands of scams that are likely to pop up in your country once the government gives it a go ahead.

Many scammers will seize that opportunity to defraud gullible Investors that'll be hoping to profit from the new approval technology and assuming your countrymen aren't inform they're definitely deformed. Don't rush into wanting to profit from your countrymen because I'm quite certain that's where your mindset is heading at with this question of yours.

Launch a service that'll help enlighten them, the profit will come later. An entrepreneur hopes to solve an existing problem and not technically goes into a business with the mindset of just wanting to make money. So start by solving an existing problem.

Which country is this?because how can we give good advice if we don't know about other regulations in your country.

But of course nothing best in Crypto is creating your own Gambling site,this will surely brings you money but of course this market needs knowledge and also you must be techy so better learn those first.

what is your country? I need to know which country you are in and whether the people there respond well to crypto. The success or failure of businesses depends on the community around them. If your country has many crypto believers and is willing to invest then I think your country is a beautiful destination for potential startups.

Let us know first where your country located at.
Congratulations! Because your country is starting to recognize and legalize cryptocurrencies and one of the most well know is Bitcoin. A big opportunity comes to those who like you and who have Bitcoins because your country is starting to recognize and embrace cryptocurrency. Because these cryptocurrencies are one of the possible sources of money such as Bitcoin mining or even a merchant that acceptsBitcoin.

And I think if your country really does make cryptocurrency legal, it's a great opportunity for you to build cryptocurrency-related businesses, such as buy and sell related businesses. You can also set up an establishment where you can teach about cryptocurrencies and how they can help their lives through the use of blockchain technology. As we all know that cryptocurrencies are very well known around the world so educating them is also a great idea for a business. You're probably the first person to recognize and teach about crypto not only in your country and also in countries that are beginning to recognize this kind of digital currency.

Wait until September and see what regulations will be imposed about cryptocurrency trading in your country.
It's way too early to think about creating a business,when you aren't familiar with the regulatory frame.
Creating a cryptocurrency exchange platform,the competition is furious and you will need a big advertising budget and big capital in the beginning.The ROI isn't great as well.
Maybe you should start some online crypto casino,but you should think about some new features that will make you stand out from the competition.

Most of the people here are suggesting for you to own an exchange, that's right because that's the most effective way for you to gain profit from it and promote bitcoin at the same time.

You can earn profit by the implementing reasonable fees that will satisfy your customer's preference in an exchange that they are looking for. Not all country, have an exchange when it comes to cryptocurrency to you need to build one and this legalization of crypto is an opportunity for you to grow your money and serve other people on what they want to do with their money.

Investing money in exchange is not that risky compared to trading, investment will really give you more confident and positive outcome once that people are getting used to your exchange. In trading, you can manage your risk, but there is still a high chance of losing your money.

Glad to hear that your country already accepted the use of the bitcoin which is good for the economy to make easier and faster transactions. On about having a business regards the use of the bitcoin it does not matter because the important is having the use of the bitcoin. I think one of the most easier to do is having a QR Code scanner on your store and it is easier for your customer if they will scan the address immediately because it is less hassle. Also, you can help your customers if you will put a machine that they will give the amount and set their address but I think it is too much hard than using the QR scanner on your store. Also, you can put the barcode on your products and use the barcode scanner on it with easy payment.

If his country have strict regulation about crypto casinos or other form of online gambling maybe he will struggle on legal matters and the one I suggest is maybe he should introduce a new mobile wallet to his fellow countrymen and offer various services which can make the life of the user convenient since by this thing for sure many people who's using crypto will adopt your business since the feature is good if he have an option like that.

And better to think earlier since there are so many businessman hunting some ideas and maybe they will be the one who established first since you are still doubting to build a business.

That is good for you.

In terms of building your own business, I don't think you should relate that or based that on Bitcoin. Bitcoin is just legalized in your country, I guess you should just approach that plan normally without thinking about people using Bitcoin since you are limiting your goal in that case. What business can you manage? What do you know? Where will you do that? Who are your customers? You could just add Bitcoin if you are done with your good business plan. Like accepting it in your business and giving discounts or promos for those who will use it.

There are a lot of ideas out there wherein you can incorporate a certain business into cryptocurrency. Since you said that Bitcoin will now be accepted in your country, why not make a cafe that accepts Bitcoin as a mode of payment? I am not saying that Bitcoin will only be accepted, but you can add the option of paying using Bitcoin since I believe that when people starts to notice that Bitcoin is really good, a lot of people will now use it. I suggest business that is about food. Who knows? It's unpredictable though.

You can establish a business where you can buy and sell transactions with the Commission, which allows people to buy cryptocurrencies easily. For example, you can open an office where you can buy and sell cryptocurrencies in the same way as the exchange office logic. Of course, in this way, transactions will not be as fast as in foreign exchange offices, because in some cases, the approval process that occurs in sending money may be prolonged. The main purpose here will be to direct people to the use of crypto money and to be one of the leading names of this sector in the country. If you want to take this train from the departure point and take advantage of all the opportunities along the train's movement area, I recommend you to evaluate this idea. Yes, maybe it's not an idea that will provide high earning potential in the short term, but I think it will be very profitable in the long term. Even one of my dreams is to create this business that I mentioned.

I think we need to open an online store by accepting bitcoin payments or other small things in the business that you can afford. having a QR Code scanner on your store and it is easier for your customer if they will scan the address immediately because it is less hassle. you can partner with some shops and if they are ready to accept the crypto you can take commissions either from shop or the buyer/seller.  Apart from accepting cryptocurrency as payment you can as well be rewarding your customers with tokens, if you do have one You can also pay your employees with cryptocurrency

The good news is that crypto has become legal in your country you'll trade or invest in crypto this is often an excellent opportunity to trade crypto But before that, you would like to understand about crypto and check out to find out things. just in case of an exchange, it's a way better platform you'll invest bitcoin if you've got sufficient capital. you've got tons of your time now that it'll start in September Use this point to find out to trade by doing crypto marketing research you'll make tons more profit.

In which country do you live?...
My advice is that you should open a cryptocurrency exchange business such as a money changer because there will certainly be many people who don't understand and are afraid of failing to do a deposit.

My country is Albania and yes gambling is illegal. I am already in the business admbet.com, its perfect!

Congrats you and the rest of crypto enthusiasts in your country :). Good for you that you don't have to worry about possible law violations. What a relief!

Anyway, the business that I think of is bitcoin lending. I think this one is a great start for you, it's easy and you can make profits without exerting too much effort. Another business I think of is anything related to man's basic needs such as water station, rice dealer etc. Good luck.

That's even a best and great things that happened in your country because how i wish this will be implemented in mine also and adoption will give us more sign of having Business that will operate using cryptocurrencies.

I think everything in the world of business is applicable for you now as people may have option accepting or paying you Bitcoin or some legit currencies.

if you have Good enough budget to start with?then try having "Ticketing office" this is close to accepting Online payments so Crypto is the best option to have aside from Paypal and other form of electronic payments.

But make sure that you are knowledgeable about this market because if not then you might become a target of scammers .

Cryptocurrency is only a means of payment. If you already have a business before, I don't think you need to look for a new one. Just continue your business by adding a payment method of course. The only opportunity for individuals or small companies when crypto is legalized in a country is that they can expand their business area to overseas without worrying about payment problems through third parties and speed. Being the first company to receive crypto payments will also add to your company's existence.

When cryotocurrency become legal payment currency in your country you can start opening store using bitcoin as payment way, I think many people will interested with your store because accepted bitcoin and altcoin as payment currency, but you must educate your people how to use bitcoin and altcoin then you must talk them benefit of using cryptocurrency as payment system, how ever many people still do not know about bitcoin and altcoin as payment currency.

That's the problem with opening anything, you need to have customers, and if the payment method is crypto than you need to have crypto oriented customers! For people outside big cities this is a huge problem! Opening an online shop, or some service can be a better option!
If OP have in mind opening some store or shop, he should accept all payment methods, fiat and crypto! It's a good way to attract people, fiat people will be able to learn more about crypto, while crypto people will have where to spend some crypto. To run a store you need to sell your goods, and more people come more money you can make, so for the start be open minded and try to have more payment methods for your customers/

When a market opens,, everything you do is going to be profitable.
Try to find something that will be widely accepted in order to have a large target group. This is going to give you a huge income potential and if your services are of quality then for sure you are going to be successful.

First Congratulations for having a very supportive government and also you are lucky to live in that country.

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About the Business advice you want?i think this will depend on your passion and skills because business is not
 about just gathering income,but this is also about our
love in that specific business.
i also believe that Business is not for everyone ,because we have different personalities,characters and attitude
that definitely needed for business person.
I have some friends that hardly tried to become a businessman yet failure is what they got and also Best to
make your own studies first.
regarding quality and kind of items or service you will be planning too.

try also to be in Food business but Online,because this business has no big risk and also have small capital,
just try to sell food that has long life span and not those fresh one
because that would be risky.

Congrats, be what is that country?
Having an adoption of your country to the bitcoin would be a great idea, some other countries have started adopting this kind of currency because in the near future bitcoin can be a standard currency over the world, I believed I. that thing maybe, for now, it is really impossible to happen because of being volatility of this currency.

Anyway, since the exchange has already's suggested, I would like to suggest some online transactions that accept bitcoin as payment, for example hotel reservation, if the customer are going to have reservation for specific room they should pay first the reservation fee using the bitcoin. We can also have online store, try to create some websites that offers different things and if he customer orders your product, they should purchase it with bitcoin.

Usually after becoming crypto currency legal in countries, governments will thing about implantation of new systems like KYC for the local exchanges in order to avoid money laundry and illegal stuff and soon they will think about taking tax from miners/traders/etc.. (like south Korea) as far as I know. That's why I would recommend you do to all your exchanges before implantation of such systems. and if you want to buy a huge amount of bitcoins for a long term investment, considering the halving and what I said above now it's the time for you. Also, you could run a local exchange for your people and make them able to buy and sell bitcoins for your local fiat. 

Happy to hear that good news. You can start your business with using crypto as a currency to pay. Give your customer cashback for who pay with crypto. That just require little money if you want start that. If your business get bigger then you can start to build your own exchange in your local city.

Congratulations! In my opinion, the best idea is to lead all people to cryptocurrency and earn them yourself, it is to open your own store where all goods will be sold for cryptocurrency. At first it will seem strange to people, but then they will gradually begin to pay with cryptocurrency, because it is really very simple and convenient.

crypto atm that exchange bitcoin/alt coin into currrent fiat will be good idea , or also some shop like cofee shop that accept cryptocurrency payment will be good also

It will depend on the following:
1. What is the thing that is needed in your place?
- If you see that you are lacking a food store in your place then build one. If you see that you are lacking a hardware in your place then build one. It depends on the needs of the people around you.

2. Your creativity
- Most of the sellers right now are doing online business so that they can still get an income in times of crisis. I know some here that are doing it and it really helped them to have some source of income aside from their work.

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Any business will take time to get your ROI unless you are very popular since the first day then it will be a different story. With a business that accepts crypto, you increased the mode of payments of the customers. Any business can accept crypto if they want too.

There's a lot of business that has a potential, but depending on your capital of course.
I guess the most profitable would be an exchange, you never lose on this, the more the adoption will increase, the more your exchange will be profitable.

Look at Binance, they are making millions a day if I am not mistaken, so please be inspired with that and you'll be profitable.
Also, gambling site would be good but its only possible if gambling is legal in your country.

Go for a lucrative business, with that, I can suggest a gambling site.

It's good if you will be the first to start a gambling site in your country, that way, you will get the market first and that will make you profitable overtime.

Just look at the overall status of the gambling industry, they are profitable so it means it's an attractive business for the gamblers.
Good thing with crypto casinos are, they allow gamblers to gamble anonymously, and that is your advantage over the fiat casinos, and the fact that there's a lot of gamblers in the world, you can also cater outside your country since you are operating in a crypto friendly country, that will increase your market.

Glad to hear this good news but I think it would be better for you to keep waiting for what regulations the government will make later but indeed, ahead of the legality to be announced it will be better for you to accommodate many ideas about businesses related to bitcoin and of course other crypto. But for me personally, if you have a business that is being done right now whether what business you have now, then just take advantage of the business that you have to accept bitcoin as a legal payment tool which of course you have to make sure everything is safe to do and if steps the beginning has been successful, then you can or even will easily develop many other businesses.

Yes. Putting up a local exchange in your country is a great start for people to be aware about crypto and how it is more advantage compared to fiat. It might require a big capital but you won't regret putting it up because there's a huge profit waiting for you ahead. In my country, we have our own local exchange and i think more and more people have come to patronize it every year.

A local exchange is the ideal project however with big profits came big problems especially security ones. One successful hacking attempt could destroy your business.
A Bitcoin bank with credit cards, ATMs or a payment solution like BitPay or BTCPay may be a good ideas if there is many bitcoin users in your country (demand ++).

This is Very good News for You and your country’s all CryptoUser. You can use Bitcoin as legal way at this movemen. As your Question,  i want to Suggest you that, You can join with Trading or Investment Plan. 

If all of crypto currencies are becoming legal, that means you could have grounds to start an ICO that would be legally binding as well like a business. That means you could start an ICO with a built company and you would have headquarters there which would increase your trust rating by a lot.

The main reasons why people do not invest into ICO's all that much anymore is the fact that they do not trust those companies to actually do something. But, with you having legal grounds you could be a company. It means if you get millions of dollars in funding, you will not be able to scam anyone, if you do end up scamming anyone your headquarters and your name will be available for a lawsuit so you will not do it or you have to be an idiot to do it. Hence I think this could be a great idea for someone like you.

You can become a merchant to exchange crypto - your fiat money to earn the profit. Or you can find a team to design a payment application to help people use crypto to buy something and earn money from fee or advertisement

Of course the most profitable crypto business is making local exchanges. You will get a profit when the citizens of Albania want
convert cryptocurrency to fiat. Because the number of stores in your country is definitely a small number who receive payment
with cryptocurrency, even though your country has legalized cryptocurrency. Therefore it is very much needed local exchanges.

Or he can become a seller which offer his services to people who want to buy and sell the crypto and the fiat. That will give you a chance to make money, and I think if you can promote in the local newspaper, you will have many people who want to buy and sell from you. Or you can build a course to help people to learn about crypto, and with some fee, that can help you to get additional income.

I was thinking something for not very large budget, like exchange. The ATM support and license i think is something that can be done.
Also the service of selling accessories for crypto like wallets ect.

Does anyone know what are the requirement for building an large mining pool? Since Im already in the business of IT i would like to stay in the field!

Mining may not be a profitable one to begin for now, you may have to wait too long to get your reap and also it needs huge investment.But I saw about maintaining DIY ATM in the past which doesn't need too much money to make a one and also profitable for small capital, you can try this if you are interested but before that you need to make sure it is allowed in your country.

there are many types of concepts of ico projects that have arisen in this industry. if you want to develop your own project then the best idea in this regard is about the ad system. This will attract the attention of investors and other large companies.

Congratulations, I hope it is a good adoption and that your country achieved the benefit expected with this measure.

I am going to see how it will be implemented in my country Venezuela in a few days, on June 1 when it starts in some goods and services stores that are indicated in this article. I also hope it will be beneficial to everyone.

https://cointelegraph.com/news/bitcoin-acceptance-skyrockets-in-venezuela-amid-hyperinflation-crisis (https://cointelegraph.com/news/bitcoin-acceptance-skyrockets-in-venezuela-amid-hyperinflation-crisis)

Do you mean an ATM for Bitcoin? Or be a direct merchant for Bitcoin buyers? Well, once you make a business make sure you have enough money to take everything because it is not an easy one. Every businesses have their pros and cons so OP need to think something that is quite on the trend so he can easily grasp the market. Trend is your number one source to gather more people into your business, so I guess an exchange is a trend but it's just too many and you still need some reputation to be trusted.

If you are not able to have any good and big investment then try to provide services for crypto or use your skills for this because currently these are best options for any person who want to join this community and have no good amount of funds hopefully this will help you for better and secure future.

I think there are certain things that you could do like:-

1. Exchange services over the call , with a reputed escrow ofcourse but I do think it will take time . A lot of it . You can just make a normal exchange platform and then overtime you can allow exchanges over the mobile , text , you might have to look in this idea further because it have many downsides .

2. You can start accepting Bitcoins in exchange of goods and services, even taking a step forward you can make your own website where you can buy and sell stuff using cryptocurrencies , it will take time but you can actually get a good profit margin.

3. You can give people a crash course on using cryptocurrencies *that one should be for free though* because there are many sources already but at the same time you can explain it based on your own country, like what exchange you are using and how to use it .

4. You can try and invest in some Bitcoin's ATM's but then again you will have to evaluate where the most Cryptocurrency enthusiasts are situated it . Otherwise it will be out of work in Matter of months.

5. You can start workshops on Bitcoins and cryptocurrencies and young people can attend and get to know things that might be the future of economy.

take advantage of a business that you have mastered or that makes you comfortable..  You claim your country has legalized the cryptocurrency, which means that the cryptocurrency has been recognized as the legal "PAYMENT TOOL" in your country.  You don't need to try a new business (this is if you already have a business) You only need to accept payments in crypto and it is very simple..

You do not need to build an exchange business that requires large capital!  if you are a vegetable trader or car rental/lodging entrepreneur or supermarket owner, you only need to accept payments in cryptocurrency because crypto is legal in your country..

that is very good news and I also hope it will happen to my country. You can start a business by providing crypto-fiat services. or you can also start contacting several shops, restaurants and some hotels so you can be invited to work together in using crypto

That is a good news in your country and a big opportunity for you and other people there using crypto to open and operate business that can accept payments using cryptocurrency. It will not be easy to start but it will give you profit and it help crypto to become more popular in your country. Try to put up restaurant or internet cafe which accept crypto as payment. Also a local exchange so that it will not difficult for your fellowmen to exchange their crypto into your local money. Hoping that this will not only happen in your country but also in the whole world.

There is really nothing much you can do, you can just be accepting cryptocurrency as payment from your customers. Just setup a sign that shows that you're accepting Bitcoin or any other cryptocurrency you want as payment and when your customers that are using that cryptocurrency buy from you they will like to pay with the options you have provided.

You can as well ask your employees if they will like to receive their payments or part of it in Bitcoin, and pay those of them that agree with Bitcoin. These are the things you can do to get involved in pushing cryptocurrency further in your country. If these are not the things you're interested in, then I guess you're planning on creating your own project?

Crypto exchange, for the local.
But be prepare with bunch of legal documents that you need to provide.  ;D

Most of the people here are suggesting exchange because it is the best and feasible during times like this. Legal documents are just easy because you will just comply them to the authority to become approved by them to open a business about cryptocurrency.

As people are engaging in cryptocurrency and the volume and population of people who uses it are increasing, maybe this exchange that you're planning to invest will become profitable for you.

You can explore things related to cryptocurrency businesses so that you will become more experienced and knowledgeable about how market moves. You just need to work hard and properly manipulate your business so that you have a higher chance to grow, all of us have an opportunity to become successful and you have a lot of choice not only in exchange but you can also try trading.

If you are willing to take risks, then you can work in any field, but transfer profits to cryptocurrency. When the whole world switches to cryptocurrency, then you will have an advantage, since you purchased cryptocurrency at a low price.

I think this is fully depends on your countries rules and regulations about crypto market. Govt may fully open cryptomarket in your country or can make medium level so that there may be some restrictions. So better wait for govt rules and then take your decision as there are many sector for business in crypto market like exchanges, project development, social awareness site as new to your country..etc.

thanks.

he said is going to become legal so it means it is still on beginner level add in the fact that crypto will also be regulated he qouted too . that also means they are restriction  .  project development and social awareness are i think only part of an exchange business  because you are developing it at first and then you promote it so that people are aware with your business so i wouldnt count the two as a form of starting a crypto business  although it was a  form of job , they can hire people to work with it

   Pragna I can't fully agree with you, it depends on country rules and regulations, but even more it depends
from what you know to do, what kind of skills you have. You can have all rules and regulations, but what
that means if you don't have a skills to really do something?
   If you are good in something and that's illegal in your country you can move to another country where you
can make money with your skills. I think business idea depends more on what you know to do, than from
rules and regulations of your country!

I agree with you you are right it will usually depend on us If crypto were not legal in our country we could work on crypto with our own skills The government did not know anything However it has been good to be legal. There is nothing of looting here You can work independently in front of everyone  But what you do will depend on your skills and experience  You can start a job that you know well. Try to use your intellect.

I think we should first wait until September, when this law will be adopted, and study it carefully. No one can guess in advance what advantages the cryptocurrency will have in Albania and how it can be used in everyday life. I don't think it can affect the business in any way other than using cryptocurrency as payment for goods and services.

Many people who have been influenced with BTC as digital currency for fast payment and prevent losing of data as a high technology for transferring the money ,aside from that unlimited transaction of digital cash is the most variable rates and security without any high tension with cryptographic design actually all active asset and investors have mist more bless and preferment with proper faceted,so if the crypto is legally  sourced in your own site or countries definitely it's nice to be active I think you should learn more probability option for transferring the money to enhance your experience within your  real business.

what is clear if a country legalizes crypto is clearly the mutual benefits that will be gained. as a crypto user there is no fear of doing any kind of transaction on crypto, while the state can receive foreign exchange due to the income that the crypto user gets. even the state can take tax on the results of each crypto transaction.

Wow, Congratulations!
Coming to the point, you are searching for a business using crypto currency in your country. Many people here already suggested you to do business and you have got that idea from them.

I am suggesting something different that may help you to understand so many people to involve in crypto currency. Try for doing some campaign for your country by helping your govt. Firstly, try to seek that attention from the government the start it for the people in a limited ways. It will be appreciated by people also to involve with it. Then try to work with project and you will get help from your country people then.

The only business I know that you can do with cryptocurrency is the over-the-counter exchange. There are lots of people that do this business in my country. How it works is that they have their own exchange rates for both buying and selling. The extra money/fees they add on top every exchange they make is how they are making their gains. So, when you go to their office to sell or buy cryptocurrency, they will calculate it at that rate. Apart from that, I don't really know any other business that you can do with cryptocurrency. Unless you're just going to be accepting it as a payment like other comments here have suggested.

Take time to develop an end to end plans which covers all the things like problems and demand a business may face. When a solution is available in your document then you can easily tackle all situation over your experience. Good luck.

If your government-approved cryptocurrency as legal currency in your country, then you can get a lot of benefits from it. You can set up an e-commerce site where you can sell products locally and internationally. Add cryptocurrency to the site along with various online payment methods. Hopefully, your business will be good. Golden Time will come if you can start using cryptocurrency completely independently and gradually get the benefit

As an export-import agent who usually uses LC (letter of credit) as a payment instrument & in my opinion LC is the safest instrument. If bitcoin is legal in the country and to encourage exporters and importers to make transactions using bitcoin, then you can offer surveyor services both for quantity and quality as well as the validity of import and export documents. And you can offer realtime video services when loading is done. You can also do the validity of data exporters and importers verification services in your country.

I guess that opening an exchange is a great idea when your country begins to legal crypto. The capital is not very huge and easily to maintain the work smoothly. My second idea is a payment gate which accepts crypto so that businesses and other people can use that gate to pay for whaever they want. However, this is more difficult because it requires many things such as policy, gorvernment approval, marketing, etc.
Well, just find the most suitable busuness for you. Good luck btw

That is
right?
So you are interested in a working case at once, not viewing the popularity of cryptocurrencies in the country, not the question of demand for such services, and not even the question of the reality of implementing a business on cryptocurrencies, but just a working case?
Good luck!

Personally, I don't believe that you could make a good crypto business if you hadn't one ever at all.
However, you could partner with an existing company - offering them to open some sort of crypto department (wallet/exchange or whatever), you offer exactly legal reistration of their department in your country where it will be legal at the time.

Another one that came to my mind would be crypto payment processor for online companies (or regular companies as well). You could have a website where people could pay with bitcoin anywhere they want, the seller will receive fiat like they always did, but the buyer will be able to pay in bitcoin. Being in the middle means you could charge a fee for it as well.

I do not think it could make millions of dollars without proper marketing, but if you can get it going, think of it like paypal but for bitcoin to fiat conversion for the business'. That way companies could offer bitcoin to whoever wants it, since they are getting fiat anyway, it won't matter to them what people buy it with, hence it could work for you. I don't know how hard it is to build something like that but I am sure its costly.

Congratulations and I'm glad to hear that your country accept and see the value and importance of cryptocurrency.  You can try crypto exchange, and services using crypto or open a store that accepts crypto as payment, to introduce as well to those who didn't know about crypto and use it in their daily lives to buy their stuff.

I think this is also hard since you might be talking to someone that has no idea or no experience in managing an exchange let alone securing the whole thing. You need a team for that and that also means that you need a fund, a big fund to start that. If you can do it, if you can afford it then I also suggest or recommend this idea.

Thats good news for you since you wont be bothered since its already legal in your place.

Talks about what kind of business? Then it would depend on you on what are your interest on neither you would create a shop that do accept bitcoin or make p2p lending.

There are lots of business that you can think of, you can even integrate btc payment with traditional investments that we know for.

Since its being legalized then always mind of on how to pay up taxes.  ;D

Probably an exchange or a payment platform for business, this last one can be very profitable because some stores could want to be able to sell on crypto but not keeping it, so they would like to receive the fiat right away, you can add a % as your fee for each sell, keep the crypto and transfer them the fiat at the end of the day. That is also easier for them since most people still do not want to manage wallets, keys, etc.

Congratulations to the citizens of Albania, with cryptocurrency legally able to calmly conduct transactions with bitcoin. A lot can be done when
cryptocurrency is legal, the best is certainly making local exchanges. Provides exchange of cryptocurrency with your country's fiat. Or you can
make a cryptocurrency training course, this is also a profitable business. If your capital is small, you can open an online shop with cryptocurrency
payments.

Business ideas are beginning to accept currencies in the markets and shops, you can create a service activity and start accepting digital currencies.
If you are an investor or want to invest, now is the best time because you can withdraw your money and deposit it with the bank with the payment of taxes and without problems.
Investors ’activity in your country will increase if you reduce the taxes imposed on coding, and the shops that accept payment in cryptocurrencies will decrease.

Many countries already recognized the existence of crypto currencies but they are really not sure about regulating it or just banning it because not much people in the old class is going to understand about crypto currencies.

Seems OP not much active but its already the September.

After a few years of making money in this crypto market, I also realized that the two most stable crypto businesses are opening an intermediary exchange or mining coin. When your country is legalized, the taxation will not be too high and mining will also provide a very stable source of income for you.
It is also a good idea to open an intermediary exchange as you can make a lot of money based on the volume of transactions per day in your country. Please depend on the situation as well as the price to make the most suitable choice.

Mining is definatepy not a stable business.  Between price fluctuations in crypto as well as hardware always changing.  If crypto is becoming legal why not start a traditional business and just accept crypto as a form of payment.  That would hedge yourself.

It is wonderful to know cryptocurrencies especially bitcoin is beginning to be accepted by the government. I do hope that other countries follow suit.
As to what business you can do, I'd say you become OTC (over-the-counter) guy. Since it's becoming legal, a lot of the citizens would be happy to know there is someone who can change my bitcoin into fiat without having to go through the stress of making an exchange on sites.
They'd be glad to know there's someone who buys and sells bitcoin. You can make money by charging a small fee for each transactions made.

When there is legal support for cryptocurrency usage from a government any business idea will get good earning. Maybe one won't get big earning at the beginning, but for the one who have patience earning out of cryptocurrency will happen for sure. In my view it is good to start accepting cryptocurrencies into the traditional business. It is good to partner with any of the online store and start accepting crypto and pay them in fiat. If there is good business one can get good earning out of it.

That's great, man. If it were possible for me to suggest a business, I would give an online transportation business idea and create your crypto. Like Uber, but not just a travel service. Customers will also get food delivery services from a restaurant and also deliver goods to one city.

If it is only used as a form of payment, there is no big benefit from the government legalizing crypto, before it was legalized crypto could also be a form of payment right?  seems like another idea for this legalization, you can start trading, mining or other things that can make a profit from the crypto.  The point is don't just focus on one way of investing.

That bodes well for crypto believers in Albania.  I find that intermediary exchanges are really essential and the demand will be great for a country that legalizes crypto.  If you have large capital, you should open an intermediary exchange, which will get rich very quickly.

First of all Congrats.
I have read about a lot of cryptocurrency business ideas on the internet. I want to share some of these with you. It may help you.

1.You can start a Cryptocurrency exchange.
2. Cryptocurrency MLM Business.
3. Cryptocurrency Escrow Services.
4. Cryptocurrency Wallet Business.
5. Cryptocurrency Lending.
6. Buy and Sell Bitcoin Online like Paxful or Localbitcoins.
7. Cryptocurrency Based Online Gambling.

Those businesses require large sum of money. So the OP can start looking for private investors on this venture. Local exchange is a good one as crypto users in your local area will need that to convert in your local fiat. But of course, you need to be ready for the paperwork on this business also. It is good to set-up your business in all legal ways so you will not be wasting your time here.

I think number 3 is not really that expensive to get you started, because to start as an escrow service at least you only need popularity and good trust for the business to finally be able and maybe easy to run or operate.

After all, if the use of cryptocurrency is legal for many purposes such as use for multiple transactions and also for trading, then I think it will be very easy for you to develop any business that can involve cryptocurrency. For example, you can start a business that you used to do before but this time you can accept and involve cryptocurrency for payments and many other transactions, I think it will be easier when compared to starting a new business where you basically don't have the skills to develop it.

Yup, All of these ideas really need a large amount of money, relationships with many people, groups and even companies to run well. If the OP owns the capital, this kind of business is quite promising.  OP can create startups in the crypto field, and that requires a lot of capital.

cryptocurrencies has been the center of discoursion allover the world and taking the advantage of it by teaching other on how to use blockchain and trading. Many people like to make money online and that will help you make money too.

Create any shop or cafe that accept cryptocurrency as well as fiat, but put more stress on accepting crypto (maybe a discount for a good if pay in crypto). Trust me, people will always be needing something to eat and drink, so you always will be in a victorious situation.

Depend on how much is your capital and your knowledge about the said business mate,because it is very easy to open a business but harder to make it progress.

try Online gambling,this business is mostly profiting but of course there is a call for Big budget to make it great,and it will take time for at least months or year before you finally taste the product of your business.

This could be a good business for not only will he earn some crypto also he can make crypto known to peole who still didn't know about cryptocurrency and cafe is popular to the youths and the best people to educate about crypto is the young ones so its gonna be a good business.
For me i suggest that you use your skills in your business, offer your servives if you think your skill will be a good shot, you can also see and analyze your community to what is popular these days and you can take that as a business idea because a business that always go with the trend will mostly succeed

Yes, there are many business you can start with and you begin making your money.
You can start a restaurant where bitcoin is accept for payment, because many people will be looking for where to eat and pay with their Bitcoin.
Bitcoin exchange is also good for such country which their government just newly legalized bitcoin. Bitcoin exchange like where people can buy and sell their coins, such business will bring good development and a good profit to the owner.

First of all congratulations to you that crypto has become legal in your country there are many work sites in crypto you can do as you wish. It is better to go ahead with the work that is more skilled it has less risk. Adequate money is needed to do that trade and investment are better but it requires capital. It is not possible to invest without capital it is also possible to earn some money by day trading but for this you need to have knowledge about trading. Also a lot of gambling is great.

Trading will be a good business if you can train yourself and have the knowledge for it. It is a good way to earn. You have to be adequately informed with everything about it. Your government approving it will open up many opportunity for the youths to buy, hodl and earn in cryptocurrency.

Glad to hear your government understands the real mean of bitcoin and they're now supporting it.
I hope our government takes a look and make it legal like yours.

Anyways I think the best thing you can do is now start buying it and save them for the long term.

It is more of a job than a business.

Though if you wanted to do a business related to trading and investing and if you have the money to start that, you could just start an exchange or a trading platform if you wanted to but that would be hard and risky considering how careful people are in this community. Maybe accepting them in a store if you have one is the easiest one.