How to start a career in crypto? A beginner’s guide for 2022
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.
According to a KoreanAITimes report, cryptocurrency and blockchain jobs grew by a whopping 118% between September 2020 and July 2021.
Even in the correct market downturn, where some firms have paused hiring or cut staff from their rosters, others are actively searching for and onboarding staff.
There are tons of career paths to choose from in the cryptocurrency industry. So whether you are simply looking to become a content creator in cryptocurrency, a trade analyst, or even a blockchain engineer, you are in the right place.
5 steps to kick off a cryptocurrency career
A cryptocurrency career can’t start from nothing. 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.
1. Get acquainted with cryptocurrencies
By familiarizing yourself with the various digital currencies that exist in this new field, a person searching for a crypto career already sets themself up nicely for the journey ahead.
Some of the most popular cryptocurrencies include Bitcoin (BTC), Ether (ETH), Ripple (XRP), Litecoin (LTC) and Tether (USDT). And, if you want to work with them professionally, you must know a thing or two about their structures and how they came about.
2. Learn about cryptography
Cryptography refers to ways of passing information using codes. This is the very basis upon which cryptocurrency was founded. The essence of cryptography is that whenever a piece of information is coded in some way, only the party for whom the information was originally intended can read and process it.
That is why cryptocurrency uses cryptography to keep them more secure. So, before you take that career dive into the world of cryptocurrency, you might want to take a course in cryptography.
3. Take an honest look at your skills
This is a very vital step that helps to decide which aspect of the crypto industry you could fit into. It is important to note that a lot of the cryptocurrency jobs are STEM jobs, which are jobs relating to science, technology, engineering and math. This would include jobs in programming, software development, computer engineering and electrical engineering.
Recent: Bitcoin payments make a lot of sense for SMEs but the risks still remain
However, this does not mean that there are no career opportunities for those without STEM skills. While those who already have a background in writing may pursue crypto content writer roles, others may explore openings in marketing, business management and communications.
Andrew Vranjes, vice-president of sales and general manager, Asia-Pacific at Blockdaemon told Cointelegraph:
“When I am hiring, I’m not fixated on the applicants’ educational background but more of the practical and transferable skills which they’ve established over the years and if they will be a great culture fit.”
“Fundamentals and people who have functional skills are becoming more important — We are always looking for individuals who are passionate and looking to grow with the blockchain space,” he added
Don’t underestimate networking. Networking and connecting with industry experts can be instrumental in progressing in the industry. You want to see and know professionals who have walked the path you are about to embark on. You also want to learn from top professionals in the role that you’ve chosen. So, if you take networking seriously, it can help your career grow.
There are some professional networking sites like LinkedIn and other forums, but there is also the traditional method of meeting people at conferences and establishing a professional relationship with them.
5. Update your CV
The last step on the list is to take a deeper look at your CV and make necessary adjustments (additions or subtractions). Then you can start searching for a job in cryptocurrency.
Jobs in cryptocurrency
Now that you are ready to take on the challenges of the cryptocurrency industry, below is a list of the types of jobs in the industry that you can build your career around. They are subdivided into two groups: technical and non-technical cryptocurrency jobs.
Technical crypto jobs
The technical crypto jobs are those that usually require a more advanced level of expertise. To get jobs in this category, you must have undergone training in coding, programming, machine learning, artificial intelligence or blockchain technology in general.
Some of the jobs in the technical category include blockchain developer, blockchain engineer, solidity developer, UI/UX designer, data analyst, security architect, blockchain consultant, quality engineer, software engineer and many more.
Non-technical crypto jobs
There are also cryptocurrency jobs that do not require a high level of expertise or technological know-how. These roles can by filled by people with marketing, entrepreneurial, communication, creativity and problem-solving skills. When asked if someone who is not trained in crypto can apply for a job in the field, Melissa Quinn, chief operations officer at Risk Labs, told Cointelegraph:
“Don’t shy away from applying for non-technical positions like comms, design or content production. While having experience or background in the industry is helpful, it’s not essential. Skills are transferable and the crypto side of the business can be learned.”
Quinn believes that without having professional experience in this space your actions can speak volumes about your skills, your ability to learn, adapt and self-start. Projects, writing, decentralized autonomous organization (DAO) contributions and hackathon contributions all showcase your skills in a meaningful way.
Some job positions in this category include content writer, marketing manager, accountant, events manager, financial analyst, project manager and many more.
Crypto remains largely understaffed
Cryptocurrency is here to stay, and with the crypto market projected to grow in value by more than 100% between now and 2028, the demand for crypto-based jobs will always remain high.
Recent: Uganda’s gold discovery: What it could mean for crypto
However, the number of experts in the field continues to be extremely low considering how big the industry is. If you are passionate about the field or you’ve just been recently attracted to cryptocurrency and blockchain technology, you’re one step closer to landing a job and kick-starting your career. However, the type of job you’ll get will have a lot to do with your qualifications and the kind of skills you possess.
“Be genuine, and avoid mimicking what you think a hiring team wants to hear because the alignment is beneficial to both you and the company in the long run. Be ready to discuss how you plan to succeed in a remote, international setting. What strategies and skills have you used in the past to help with working across timezones? Once you then land an initial interview, you shouldn’t be asking about the project. Instead, showcase your knowledge of the project by asking intelligent questions. Share how you can add value. This goes beyond just what the job posting says, but also some of the other publicly available materials,” Quinn added.