How Our Email Campaigns Reignited Engagement for a Crypto Wallet ProviderRe-engaging Dormant Users & Boosting Conversions

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User engagement isn’t key to growth in the Crypto Industry. Bitvavo, a leading crypto exchange and wallet provider, faced a common but critical challenge: dormant users and declining engagement. Despite offering a seamless trading experience and secure storage solutions, many users stopped interacting with the platform over time, leading to lower conversions and missed revenue opportunities.

With competition growing and user retention becoming more difficult, Bitvavo needed a strategy to reignite interest, increase platform activity, and drive conversions. This case study explores how we leveraged targeted email marketing campaigns to turn inactive users into engaged traders, ultimately boosting retention and revenue.

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The Problem: Dropping Engagement Rates

When the client, a mid-sized crypto wallet provider, reached out to us, they were experiencing a troubling drop in user engagement. Despite having a robust product, they struggled to keep users actively interacting with their wallet platform.

The Key Issues

  1. Dormant User Base: Over 40% of their registered users had stopped interacting with their wallet.
  2. Declining Open Rates: Their email open rates were stuck at an industry-low average of 8%, far below the cryptocurrency sector’s benchmark of 19.2%.
  3. Low Click-Through Rates (CTR): Emails that were opened had a CTR of just 1.5%.
  4. No Personalization: Past email campaigns were generic, offering no tailored experience to different segments of their audience.
  5. Outdated Messaging: Communication failed to highlight new features or provide compelling reasons for users to return.

The goal was clear: reactivate the dormant user base, improve email metrics, and ultimately increase conversions on their wallet services.

Developing the Strategy

We created a comprehensive email marketing strategy to reignite user engagement and drive meaningful action. Here’s a breakdown of our approach:

01

Understanding the Audience

Before creating email campaigns, we segmented the client’s audience into Active Users, Dormant Users, and Power Users based on their activity, transaction history, and engagement trends. We then created tailored messaging for each segment.

02

Targeted Re-Engagement Campaign

We designed an email sequence specifically for dormant users to reactivate their accounts, featuring personalized subject lines, recent platform updates, exclusive incentives, and educational content to reestablish the value proposition of the cryptocurrency wallet.

03

Building Trust Through Education

We launched a newsletter campaign to engage users with educative content, cryptocurrency market trends, wallet features tutorials, and price changes, establishing the wallet provider as a trusted partner in the crypto space.

04

Leveraging Automation and A/B Testing

We used automation tools to optimize timing, relevance and behavioral triggers. Emails were sent emails based on specific actions( or inactions). We used A/B testing on variations of subject lines, CTAs, and layouts to identify the most effective combinations.

05

Incorporating User Feedback

We conducted a short survey with dormant users to identify pain points. Responses revealed that many had stopped using the wallet due to a lack of communication about new features. This feedback guided the content of subsequent emails, ensuring the messaging addressed specific concerns.

Results: Reigniting Engagement and Boosting Conversions

Within four months of implementing the re-engagement campaign, the results were remarkable:

Improved Email Metrics

  • Open Rates: Increased from 8% to 22.5% (exceeding the industry benchmark).
  • Click-Through Rates: Jumped from 1.5% to 6.8%.
  • Conversion Rate: Emails converted 12% of dormant users into active users who completed at least one transaction.

Re-activated Dormant Users

  • Out of 34,000 dormant users, 4,800 reactivated their accounts, with 70% engaging within the first month of the campaign.

Revenue Growth

  • Reactivated users generated an additional $80,000 in transaction fees over the campaign period.

Increased Loyalty Among Active Users

  • Engagement with the weekly newsletter led to a 15% increase in active users upgrading to premium wallet features.

Key Takeaways

Several factors contributed to the success of this email marketing campaign:

Personalization: Tailoring content to user behavior made emails more relevant and engaging.

Valuable Incentives: Offering small crypto rewards motivated dormant users to return.

Consistency: Weekly newsletters kept active users engaged while gradually reactivating others.

Data-Driven Decisions: Segmentation and A/B testing ensured we maximized campaign performance.

Ready to Turn Emails into Revenue?

If you’re still blasting generic newsletters and hoping for clicks, it’s time to evolve.
We help crypto and forex platforms re-engage their audiences and turn inactive users into loyal customers with data-driven email campaigns that actually convert.

Let’s do the same for you.
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