Crypto is not one category and never was. An exchange, a token, a crypto casino and a trading platform face different permissions, different channels and different economics — and the first strategic decision is admitting which one you are.
In gambling the terminology confusion is annoying. In crypto it is expensive, because the word you use for yourself determines which policy a platform judges you under.
| Term | What it means, and which rules follow |
|---|---|
| Cryptocurrency | The asset class. Platforms treat promotion of it as a restricted financial category requiring permission. Not a business model on its own. |
| Web3 | A movement, not a category. No platform has a Web3 advertising policy. They will classify you as something else, and you should know what before they decide. |
| DeFi | Decentralised finance. Judged as financial services and prohibited outright by most major platforms. |
| Crypto gambling | Governed as gambling, per territory, against licences. The crypto part is irrelevant to the decision. |
The practical point: nobody classifies you as crypto. They classify you as a financial product, a gambling product or a prohibited one — and that happens per market, not globally.
In most industries strategy starts with the audience. Here it starts with whether you are allowed to speak at all.
Google Ads permits certified exchanges and wallets in a defined list of countries and prohibits most other crypto promotion. Meta requires written permission granted to a specific advertiser. And if you are crypto gambling, both of those sentences are irrelevant because you are being judged as gambling instead.
Every other industry plans the channel mix. This one finds out which channels exist first.
A strategy document that opens with audience segments and closes with a channel split has skipped the step that decides whether any of it can run. Permission is not an administrative detail here. It is the first strategic constraint.
| Then | Now | |
|---|---|---|
| Audience | Speculators chasing launches | Broader, slower, more sceptical |
| What convinces | Momentum and community noise | Proof, custody, withdrawal speed |
| Regulation | Ambiguous in most markets | Defined in many, and enforced |
| Platform access | Inconsistent, exploitable in gaps | Formalised. Certification or nothing |
| Trust bar | Low. Novelty carried a lot | High. Every collapse raised it further |
The last row is the one that reshapes strategy. Every failure in this industry raised the bar for everyone who came after it — which is why marketing that worked on novelty in 2021 now reads as a warning sign to the exact audience you want.
Full detail on each, with cost per lead and deposit ranges across twelve markets, sits on the crypto page. The channel comparison is in Meta versus Google Ads for crypto.
| The assumption | What actually happens |
|---|---|
| Crypto is one advertising category | It is four, and they share almost nothing. A plan written for an exchange applied to a crypto casino will fail on the first submission. |
| Community equals customers | A large channel with no funded accounts is an audience, not a business. Members are cheap. Deposits are not. |
| Approval in one market carries | It does not. Permission is granted per market and per product, and can be withdrawn after a policy change with no notice. |
The middle row is the expensive one. Community growth is the easiest metric in this industry to produce and the least connected to revenue — and it looks excellent in a board deck right up until somebody asks what it deposited.
No fixed percentages, and distrust anyone offering them. What holds is the order.
The arithmetic behind any of it can be checked in about a minute with the FTD calculator.
The fair question: if the thinking is this available, why does anyone need an agency?
Because the thinking is public and the execution is not. How assets are structured so one loss does not take the rest, how measurement is configured to survive and still report honestly, which certifications are moving and which have quietly stalled this quarter, how a page satisfies a reviewer and a sceptical visitor at the same time — none of that belongs on a public page, and it would be worthless there.
Part of it is commercially sensitive. Part changes every few months and would be wrong by the time you read it. And part we are simply not handing to competitors who read this site more carefully than clients do.
The strategy is free to read. The execution is the part you are actually paying for.
What we will do is walk through any of it on a call, against your account, with the reasoning attached. That version is useful. This one is orientation.
Related
Crypto marketing, all four categoriesOpen → The same thinking, applied to iGamingOpen → Which channel is open to youOpen → Every term used on this pageOpen →Less Bureaucracy.
More Work.
Specialists assigned to your account, decisions explained before they run, and a number at the end that means something. Start the conversation — it costs nothing and you will leave it knowing more than you arrived with.
Published August 2026 · More articles