Salaries in the Crypto Space | 2023
The crypto space offers numerous ways of making extra money on the side from speculation to staking and mining, there are a lot of possibilities. However, the only safe and proven method to get wealthier is to find a job in the industry. Regarding earnings, blockchain software engineers are among the most high-paid IT professionals. This is apparent: the market for talented specialists exceeds the supply in the crypto space, and employees are generous with their money. Finding a knowledgeable blockchain developer takes tremendous time, as they are as rare as unicorns.
Crypto Trader Salary
|Coinbase||About $130K -$139K|
|Binance||About $113K -$122K|
|10,000 Small Businesses||About $71 -$76 hourly|
|Bitcoin Center||About $90K -$99K|
|Yes Bank||About $10K -$11K monthly|
|Binary Option||About ₹105K -₹112K monthly|
|Binary Trade Group||$8K -$9K monthly|
A crypto trader’s salary is basically what they managed to earn in a day. Although investment banks and hedge funds do hire forex traders, cryptocurrency traders typically work for themselves. Besides, trading is also a skill and a very sophisticated one. Don’t expect to learn a few key tricks in a month. You will have to spend a good amount of time (years, probably) before you make sense of technical analysis, come up with a set of solid strategies, and start making decent money. Or you never will. They say, in trading, the failure rate is close to 95%.
Blockchain Jobs and Cryptocurrency Salaries
Blockchain and crypto analyst’s salary
With over $111k annually on average, it is also among the highest ones. If marketing is your forte, and you can explain in easy words what a hash rate is, expect to get anywhere from $67K to $128K per year. Blockchain community managers – specialists that are really hard to find – are earning up to $90,000. And it’s a perfect kick-start position to showcase your strength areas and get big in the crypto space.
Cryptocurrency freelance jobs
It is usually copywriting or design and such jobs are often compensated on an hourly basis. Here’s a tip for you: look for the gigs on your regular freelancer websites rather than on specific cryptocurrency platforms. The wage rate will probably be the same, but you will find a lot more offers.
Accepting crypto payments in a business
If you are a business owner or a content creator, you can easily accept crypto as payment. Moreover, you can even ask your employer to pay you in crypto, as this is possible via a huge variety of crypto payment, donation and payout solutions
Tips On Getting a High Crypto Salary
Enroll in a Blockchain Course
Since a blockchain expert’s salaries are typically higher than the salaries of other tech workers, it might be a good idea to enroll in a course and learn more about the cryptocurrency space. Once you understand the basics, it will be easier to start your career in a blockchain firm. Not to mention that recruiters will appreciate your effort.
Combine Your Professional Skills With Blockchain Knowledge
If you’re an expert in your field be it marketing, design, or business development – you already have a headstart. Skilled professionals are always in-demand. Pick a few crypto companies that you want to work at and reach out to them even if they don’t have any job opening that fits you. Not only will it help you to gain more confidence, but also give you a chance of getting noticed.
Come Up With a Job
If you cannot find a blockchain job that matches your skillset, create one yourself. Aim at startups, do your research, and think of a way how you can help them grow. Set up a call with one of the founders and discuss your ideas (but make sure they are good). Confidence and courage are often rewarded.
When comparing blockchain salaries with other tech-related salaries on the market, one can quickly spot the obvious benefit. Blockchain experts are hard to find and employers are ready to dip into their pockets to get a highly-qualified employee. At the same time, candidates should be mindful of the fact that the crypto job, just like any other job, requires dedication and eagerness to never stop learning and self-educating. But once you do put in enough effort, the compensation won’t disappoint.