Coinvendor.io

Describe your product

Coinvendor.io is a crypto on-ramp where people can easily buy cryptocurrency for fiat in a hedged way: if the price is X on day of purchase and their money arrives on day of purchase + 5 when price is X * 2, they still get their crypto for price X. This is why customers need to verify their accounts. The owner can add new coins in a matter of clicks, and the purchases are made instantly on a supported exchange when a customer issues an order. This enables instant purchase completion and hedging for customers. Right now the supported exchanges are “native” (i.e. the owner is selling his stash) and bittrex, but it’s easy to add new ones.

Why are you selling the business?

I’m about to become a father and need an instant influx of money to cover medical expenses.

What is included in the sale?

The full codebase and domain, current customer list, and an explanation on how to set it all up. I’ll also include the redesign of the website that’s been ready for a while, but I haven’t had time to implement it.

What is the technological stack?

Symfony4 (PHP) and JavaScript.

What actions are required to keep the business working?

None, really. Occasional interaction with the service to confirm the orders and issue payouts. You can even keep the server it’s currently running on.

How does the business generate revenues?

Fees from cryptocurrency sales.

What marketing initiatives have been used for this business?

Almost none. It’s only been advertised on Bitfalls.com to 3 million monthly readers.

How can the future owner generate more revenues?

Invest more in marketing, implement the included redesign, add more currencies and exchanges.