Danish bitcoin exchange ExchangeMyCoins.com goes up for sale

It was announced today by the owners of Danish-based cryptocurrency exchange ExchangeMyCoins.com that the business is officially up for sale. The service launched in 2014 as an easy-to-use crypto service for swaps between the most popular crypto coins and later also introduced fiat currency.

However, now the only options for exchange are listed as bitcoin, litecoin, and dogecoin with no fiat option. With the introduction of multi-currency wallets and growth in the technology of services like Exodus, Changelly, and ShapeShift, just to name a few, the basic crypto to crypto service on ExchangeMyCoins looks outdated.

Crypto exchange or exchange to bank transfers was not how the exchange realized its main source of profit at its peak. The bread and butter at the height of operation were bitcoin exchanges into fiat currency PayPal accounts which launched in April 2015. The owners, though, got tired of doing the manual processing and PayPal wouldn’t allow for necessary cooperation to fully automate the process. See in a chart located below how the exchange volume dropped off by the end of 2016.

The owners put a note on the site promising full transparency in the process stating the following:

“We today have 21,000 visits per month and the traffic is increasing 150% year-over-year. Around 70% of the traffic is coming from organic search as a result of high visibility and strong global ranks on Google.”

The exchange specialized for a time in the exchange of BTC, LTC, and DOGE to USD through PayPal.

“In 2015 we started to support exchanging altcoins to PayPal, which was handled manually to see the potential. In this period, we had a monthly revenue of $45,000 USD with around 15% profit. Since then we had to stop support for PayPal exchanges since we could not establish the necessary cooperation with PayPal in order to fully automate the exchange process. There is however still great potential in PayPal exchanges or implementing a solution for credit card exchanges and take advantage of the increased traffic.”

“Below we have assembled a list of unique features, information about the company, timeline and contact information for the team. We look forward to opening a dialogue with you.”

Information about the company
Traffic all time
Traffic monthly (latest 30 days)
Customers all time
Customers monthly
Unique customers
Customers from all over the world
Email permissions
Facebook followers
Traffic growth

Growth in exchanges over time:

The website
Admin / backend
Automatic customer verification system
Exchange admin system
Exchange rates
Code and development
Timeline Highlights
Valuation of ExchangeMyCoins.com

Expected acquisition price: 200,000 USD

The company is registered as:

Rosenvangs Alle 251, 1. th
DK-8270 Højbjerg
VAT: DK-36499362

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