Interested in building your career in crypto? Learn everything you need to know to get started in the field. Getting started in a cryptocurrency career may appear complicated at first, but it gets easier as one sets out a clear path to follow.
Whether you believe in cryptocurrencies or not, you can make good money on them. How to start investing in cryptocurrency? Should you invest in cryptocurrencies alongside traditional assets? How to invest in cryptocurrency to earn income? These are the questions most novice crypto investors have – how to invest if you are starting from scratch.
The cryptocurrency industry is arguably one of the fastest-growing industries in the world. With its decentralized finance (DeFi) system and blockchain technology, crypto has become an attractive career path for those interested in technology and finance. As expected of any fast-growing sector, growth has also led to a corresponding increase in demand for talented individuals to build the space.
Top crypto sectors for a career in the crypto industry
If you want to become a crypto expert, then you must start from somewhere. Considering the rapid growth in popularity of cryptocurrencies and crypto jobs, any beginner would want to capitalize on the opportunity. However, any beginner should start with a niche for finding the job which suits them. You need to understand that every crypto job title relates to a specific set of requirements, qualifications, and roles. Similar post: Best Crypto Trading Apps For Beginners In Nigeria.
Here are some of the notable jobs you can try out for establishing your career in crypto.
1. Mining Sector
If you are a tech-inclined fellow who seeks a practical career in the crypto industry, the crypto mining sector would interest you. Crypto mining usually involves solving computational puzzles to generate and maintain data. Hence, it could be an attractive sector for anyone with prior engineering knowledge. In this line, you can take up roles like being a data engineer, network engineer, tech support engineer, and many more.
The mining sector also has administrative roles for those skilled at overseeing the smooth running of industry activities. However, such personnel can easily transition into technical roles by taking the required training that will equip them.
2. Marketing Sector
This sector offers opportunities to skilled individuals who are not blockchain savvy. Usually, strong writing ability and knowledge of crypto networks are needed to kick-start a career in the marketing sector. To thrive in this sector, you must be able to present technical content in the most understandable and comprehensive form.
There are many jobs you can take on in this sector. You can be a content writer, research analyst, social media manager, graphic designer, community manager, and many more.
3. Crypto Developer
The first choice for starting your career in cryptocurrency would obviously refer to the role of crypto developer or blockchain developer. Blockchain developers are practically the highly demanded professionals in the crypto industry right now. The Global Blockchain Employment Report in 2021 established possibilities for annual growth in the worldwide demand for blockchain developers by almost 300% to 500% in a year.
4. Venture Capital
The prospects for working in crypto venture capital can also serve as vital opportunities for cryptocurrency careers, especially for people with an inclination toward the financial implications of crypto. Venture capital firms in crypto serve as the driving forces behind the operations of many popular crypto startups. However, the roles in this sector can be quite competitive, albeit with the most lucrative salary estimates in crypto. Some of the entry-level job opportunities in this sector include the roles of venture capital intern, investment analyst, and research associate.
5. Trading Sector
Many people are starting to look into trading as it presents an interesting career path. Traders make speculations on the price of cryptocurrencies to make a profit. The market is open 24 hours every day, and thousands of tokens are worth considering, presenting endless opportunities for trading experts.
You can take on trading as a full-time job, and it could also be a form of passive income. Traders can access different trading products like spots, futures, and options depending on their trading strategies and risk appetite.
6. Legal and Compliance Sector
Since the crypto industry is still in its infancy stage, policymakers are working hard to develop clear regulatory frameworks to guide industry participants. Compliance professionals are also useful in helping crypto companies operate within existing policies and laws.
This sector is very promising because many countries do not have strong legal frameworks within which the crypto industry can operate.
What are the skills needed to have a lucrative career in cryptography?
The promising opportunities for jobs in the domain of cryptocurrencies create the immediate urge to identify the skills you need. A clear overview of the different skills you need to become a cryptocurrency expert can provide a vital boost to your crypto career. Here is an outline of the skills you would need for capitalizing on the most promising job opportunities in crypto.
When you think of cryptocurrencies, the first thing that comes to your notice is ‘crypto’, which is an essential foundational-level skill. The most common skill every crypto professional needs is an in-depth understanding of cryptography. Well, you don’t have to become a world-class cryptographer for landing with cryptocurrency jobs of your choice. However, you must have a clear idea regarding the essential highlights of cryptography required in cryptocurrency usage.
Encryption is a significant yet only a small part of the massive ecosystem of cybersecurity. You must develop a broader understanding of security concepts for ascertaining the value of encryption in cryptocurrencies. Interestingly, you can find many resources for improving your knowledge of cybersecurity. As a matter of fact, the time and efforts you invest in your security education can draw promising dividends for your cryptocurrency careers in the long run.
The most in-demand job role in the crypto industry, i.e., crypto developers, requires hard programming skills. Web development and coding are basic skills you need for tapping into technical roles in the crypto landscape. Many aspects of cryptocurrencies, such as user interfaces and smart contracts, require programming knowledge.
Therefore, you must develop skills in creating and implementing web-based applications alongside ensuring the accessibility of websites. Keep in mind that you don’t need to become a full-stack developer for entry-level cryptocurrency jobs, albeit programming skills offer versatility to your crypto career paths.
Economics of Crypto
If you want to capitalize on the opportunities for a career in cryptocurrency, then you must have a strong command of the economics underlying cryptocurrencies. The second half of cryptocurrencies basically deals with currencies, and cryptocurrencies have truly presented some new definitions of money.
While you don’t need to be a financial analyst, a basic overview of market theory and finance concepts can help you. You can develop your knowledge about the economics of crypto by taking note of articles on crypto and the market trends. An overview of crypto trading in the public domain alongside their implications on financial markets worldwide can deliver a solid impression of the economics of cryptocurrencies.
The most critical requirement for landing your favorite cryptocurrency jobs would focus on developing your expertise in blockchain. Blockchain is the foundation for cryptocurrencies, and you can master the domain of crypto only with blockchain expertise.
Starting from the concepts of decentralization to the value implications of immutability and transparency on crypto transactions, you need to learn how blockchain is relevant to the crypto landscape. You can develop a clear idea of the ways in which blockchain plays a vital role in ensuring the basic functionalities desired of cryptocurrencies.
How to Start a Career in Crypto? A Beginner’s Guide for 2022
A cryptocurrency career can’t start from anything. If you’re looking for a job in the blockchain and cryptocurrency industry, you’ll need to familiarize yourself with the space and take the necessary steps to prepare yourself for your search and ensure that your CV stands out.
Step 1: Decide how active you will be
Even before you buy cryptocurrency, you need to decide how you want to grow your portfolio, to become profitable. Buy and sell? Maybe trading? Save up money for mining equipment or sign a cloud mining contract? Why it is important to decide on a strategy before the first purchase of a cryptocurrency: because it will depend on how much time per week you will devote to tracking the price movements. And if you are determined not to lose money, then you understand the importance of such awareness.
Step 2: Get Acquainted With Cryptocurrencies
You cannot work in an industry whose structure you do not understand. So, the first step to securing jobs in the crypto industry is understanding how cryptocurrency works and how you can perfectly fit into the crypto space.
You need to understand how different crypto tokens like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Tether (USDT), Binance Coin (BNB), etc., work. Then, to set a strong foundation for your career, learn how the crypto ecosystem works, how cryptos are created, transacted (buy/sell), traded, invested in, and so on.
Step 3: Plan Your Career Goals
The first thing you need for pursuing cryptocurrency careers is a clearly outlined plan. You can start by setting some of the notable career objectives you want to achieve. For example, you can choose the type of job role you want to pursue in the domain of crypto. The outline of your career goals should include short-term, mid-term, and long-term objectives. Make sure that you include the requirements for achieving the objectives and the necessary actions for the same. When you start out with a plan, you are more likely to follow a precise direction in your pursuit of crypto jobs.
Step 4: Set a Skill Development Routine
No matter your level of expertise, getting a new job or starting a career requires that you harness your skills. Therefore, skill development is vital in determining which sectors are the best fit for you or the aspect in which you can launch your career.
You might have to take some courses, watch tutorial videos, and do hands-on projects to put yourself in a good position for a role. Of course, trying to do everything at once could be tedious, but a personal development schedule will facilitate your skills over time.
Step 5: Network With Industry Participants
Crypto certifications can only prove that you are an expert. However, they don’t guarantee that you will get the jobs you want. You need to use professional networking as a tool for navigating job prospects and reaching out to potential employers.
Build your profile on professional networking platforms such as LinkedIn and develop your identity as an expert in everything about cryptocurrencies. Reach out to participants in online crypto communities to interact with like-minded people. Who knows, you may meet your future employer or business partner in these communities!
Step 6: Choose a Suitable Certification
Irrespective of the skills and knowledge you have for entry-level cryptocurrency jobs, employers would need some proof of the same. What can you do to prove that you know the crypto skills required for a specific job role? In such cases, the only answer for you is a reliable and industry-recognized crypto certification. Interestingly, you can explore many enterprise blockchain and crypto certifications, which can open up many promising career opportunities for you. Certifications not only prove that you are a cryptocurrency expert but also your dedication to the field of crypto.
Step 7: Update Your Resume
Ensure you have a competitive resume and do not hesitate to update it with your latest credentials. Using crypto-related keywords is essential as it will make your resume sound professional. Put finesse touches on where you have practical skills and achievements, because that is what your employers would be interested in.
Step 8: Volunteer/Become an Intern
Most industry experts recommend starting with volunteer roles or internships to gain direct experience from professionals who understand the industry’s operations, rather than being inexperienced while seeking high-paying jobs. In addition, with voluntary roles and internships, you will be able to harness your skills and acquire work experience.
Blockchain Career FAQs
1. What are the benefits of a career in blockchain?
There are many benefits to a career in blockchain. The technology is still in its early stages of development, which means there is significant potential for growth and advancement. Additionally, blockchain offers a unique opportunity to work with cutting-edge technology and solve complex problems.
2. What skills are needed for a career in blockchain?
A career in blockchain requires strong technical skills. Familiarity with programming languages, cryptography, and data structures is essential. Additionally, blockchain professionals need to be able to think creatively to solve complex problems. Strong communication and collaboration skills are also important, as most projects are developed by teams.
3. What are the job prospects for a career in blockchain?
The job market for blockchain professionals is still in its early stages of development. However, the demand for blockchain talent is growing rapidly as more and more industries begin to explore the potential of the technology.
4. What are some tips for landing a job in blockchain?
The best way to land a job in the blockchain is to start building your skills and experience, as well as earning your certification. There are many online resources that can help you get started, such as the online courses offered through Simplilearn. Additionally, it is helpful to network with other professionals in the field. Participating in blockchain events and meetups is a great way to make connections and learn about job opportunities.