How To Get A Job In Cryptocurrency | Blockchain Works
22 Jun 2022
6 min read
You’ve heard it all before, how cryptocurrency is the future of finance and how blockchain technology will change the world forever. Getting your first job in crypto can be tough, especially when you are just getting started and don’t have much experience under your belt to prove you know what you are doing in the field of cryptocurrency. But there are some things you can do to get yourself ahead of the game, and we’ll discuss them here!
In this article, you will learn how to find a job, as well as how to ace your interviews and make the most of your first day! As one of the fastest-growing industries right now, there are plenty of places hiring within the field of cryptocurrency, so start today and learn how to get a job in cryptocurrency!
Cryptocurrency: An Overview
First, let’s define cryptocurrency. Cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Encryption is simply a way to keep information secure by converting it into an unreadable format. In other words, if you encrypt something, you can only decrypt it with special software or access codes.
How Does Cryptocurrency Work?
This can be a pretty complicated subject, so make sure you’re up to speed on it before you talk about it. Here are a few common points of interest: How is cryptocurrency stored?: Think of cryptocurrency as cash on your phone. It lives on what is called a digital wallet, and when someone wants to transfer money over, they enter your wallet ID number into their digital wallet.
The transaction is then confirmed by miners who run complex algorithms to verify that everything checks out. Once verified, miners will add a block onto a blockchain (more on that later) and then broadcast that transaction for everyone else to see.
Skills Required To Get a Job in Cryptocurrency
In order to get a job in cryptocurrency, it’s crucial that you know how to work with code. It doesn’t matter if you use Python or C++ or another language entirely — what matters is that you can demonstrate your ability to create and debug applications using programming languages. Here we give some required skills to build your career in cryptocurrency:
Coding is one of those topics where people just assume they’ll never be able to do it, and so they might as well give up. You don’t need to be an expert in cryptocurrency to work at a crypto company. However, you do need to understand blockchain development and how crypto companies operate. If you have experience with coding languages like Python or Solidity, that will help too.
With some patience and perseverance, you can learn how to code—and if you want a job in cryptocurrency or blockchain technology (which are pretty much inseparable), knowing how to code is a must.
If you’re looking to get a job in cryptocurrency, then you’ll need to know about smart contracts. Smart contracts are applications that run on top of blockchain technology. They help facilitate transactions between two parties without having to go through an intermediary like a bank or government institution.
Better Understanding of UX Design
Learn UX design so you are proficient at building user interfaces. This will be of use to you regardless of your chosen path. In order to build a cryptocurrency application, you need to know how to design an interface that is easy and intuitive for users.
Creativity and Willingness to Learn
If you are considering a career in cryptocurrency, then you need to be open to new ideas, willing to learn, and want to stay on top of trends. Even if you have experience, there is still learning that needs to be done.
As more companies work with cryptocurrency, data science becomes a hot commodity for employers. There are multiple roles within a data science team, and many of them require experience with data mining or natural language processing.
To learn more about cryptocurrency and blockchain technology, I would like to present some books and study materials.
Best Books To Learn Cryptocurrency
There are many great books out there to help you learn about Bitcoin, Ethereum, and other cryptocurrencies. Here is a list of some of our favorites:
- The Age of Cryptocurrency by Paul Vigna and Michael J. Casey
- Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money by Nathaniel Popper
- Mastering Bitcoin by Andreas Antonopoulos
- Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World by Don Tapscott and Alex Tapscott
To know more about best books on cryptocurrency and blockchain technology. Read Our Articles
Top Crypto Companies To Work At
Getting a job at crypto companies is one of a kind experience. One has to have more knowledge about cryptocurrency than an average person. In addition, candidates should be comfortable with trading cryptocurrencies and blockchain which brings more exposure to trading different coins and also helps in gaining experience.
Listed below are a few companies working in cryptocurrency:
- Bitfury Group
- De Beers
High Pay Scale Jobs in Crypto
Below is a list of high-paying job titles that require skills or expertise in a particular area.
A blockchain developer's job requires you to develop and maintain a public blockchain. It Is not much different from web and application development. However, for becoming a blockchain developer, it’s necessary that you are familiar with how blockchain functions and the related terminologies.
Expected Salary: $150K-$175K per year
A blockchain engineer creates digital blockchain for enterprise solutions. Blockchain engineers usually work for data analysts or technology consultation firms.
Expected Salary: $90K-$200K per year
Blockchain Support Engineer
Working as a blockchain support engineer means maintaining, designing, developing, analyzing supporting, and implementing a distributed blockchain network. A blockchain support engineer should have a sound knowledge of blockchain technology.
Expected Salary: $80.2K - $102K per year
Blockchain Business Development Manager
Blockchain Business Development Manager is responsible for developing strategic partnerships with companies and individuals, organizing and conducting business development events and other activities to spread awareness of Nucleus Vision.
Expected Salary: $40K- $200K
Blockchain Product Manager
Blockchain Product Manager’s job description is to be a leader who focuses on products and enables technology adoption within their organization. He/she is responsible for utilizing cross-functional teams of developers, marketers, operations, sales representatives, etc.
Expected Salary: $70K- $200K
A financial analyst researches and analyzes a company's financial status. They try to determine whether a company can afford to make capital investments or if they're heading toward bankruptcy. They also invest in cryptocurrencies.
Expected Salary: $50K-$150K
Blockchain Content Writer
Blockchain content writers will be responsible for writing about technical developments, blockchain technology, and digital assets for a top cryptocurrency media organization. While our core audience is engineers and programmers, we also aim to reach a broader audience of business executives and news consumers.
Expected Salary: $5K- $45K
Build your network and get involved with as many people and projects as you can if you want to break into crypto. Make yourself useful! If you’re a coder, build a plugin or an add-on for one of your favorite wallets; if you’re not a coder, offer to help with marketing or design! Just make sure that whatever you do, aligns with your long-term goals. Crypto is still an emerging industry, so don’t let a single job define your career trajectory.
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A Freelance SEO Consultant who also loves to blog about technologies.See other articles by Fawzan