Chainalysis

Chainalysis is a rapidly growing company in the cryptocurrency industry, providing investigation and compliance software to combat illicit activities. With offices in major cities and backing from top venture capital firms, their mission is to build trust in blockchains.

How to reduce the cost of a Chainalysis subscription

 i – Tricks are what we like to call direct ways to reduce your subscription costs.

• We haven’t found any current tricks to reduce your subscription  

Additional reduction ways to try to reduce subscription costs:

Optimize User Licenses 

Audit user licenses and remove inactive users. Consider permission sets to grant specific functionalities instead of assigning full licenses for basic needs.

Data Storage Management

Archive old data. Utilize data validation rules to prevent unnecessary data entry that consumes storage

Process Automation: Utilize workflow and approval processes to automate manual tasks, reducing the need for additional licenses.

How to implement a Workaround to reduce subscription for Chainalysis

 i – A workaround is using another tool to reduce your subscription.

• We haven’t found any current workarounds to reduce your subscription  

Additional workarounds to try to reduce subscription costs:

Integrations with Free/Freemium Tools

Explore free or freemium tools like Zapier to automate tasks that might require additional licenses (e.g., basic data cleansing). Consider integrating with freemium tools like Slack for internal team usage

How to reduce Chainalysis via bundling

 i – Use one tool to get a discount on another tool.

• We haven’t found any current bundles to reduce your subscription

Additional bundling options to try to reduce subscription costs:

Pairing/Bundling for Discounts

Partner Programs: Check if your company qualifies for partner discounts through partnerships with other software providers (e.g., some cloud storage services offer discounts with Salesforce).

Negotiate with Support. Customer support details of Chainalysis

 i – Speak with the Chainalysis support team and ask for a discount.

Chainalysis’ support email – [email protected]

Discuss Usage Patterns: Contact support and discuss your current usage patterns. They might offer discounts based on your specific needs and historical data.

Negotiate Renewal Rates: Before your subscription renews, negotiate renewal rates with support. Loyalty and commitment to the platform can sometimes lead to better pricing.

Use this for help: Customer support list or google

How to switch to subscription type for Chainalysis

 i – Switching to a longer-term contract or changing subscription type is a good way to save.

• We haven’t found any current subscription types to reduce your subscription

Annual Subscriptions

Switching to annual subscriptions often comes with a discount compared to monthly billing.

Reduce Inactive Users

Regularly review user activity and remove inactive user licenses to free up costs.

Switch to Alternative for Chainalysis

 i – Here is a list of similar products that are similar you can switch to for savings.

1. Elliptic: Elliptic offers blockchain analytics and cryptocurrency compliance solutions. It provides a cryptocurrency surveillance platform that helps financial institutions and law enforcement agencies combat financial crime. Website: elliptic.co
2. Moralis Web3: Moralis Web3 is a platform that allows developers to build decentralized applications (dApps) and access blockchain data. It provides tools for data management, authentication, and more. Website: moralis.io
3. Merkle Science: Merkle Science provides predictive transaction monitoring and forensics advanced solutions in blockchain monitoring. The company offers the infrastructure to help blockchain businesses and law enforcement agencies detect and prevent fraud. Website: merklescience.com

Open-Source Solutions: Depending on your needs, explore open-source solutions that might offer similar functionalities at a lower cost. When searching try “Opensource for x” to find applicable tools.