Finding work in Blockchain

As someone who has been in this industry since 2013, I have seen the majority of new entrants lean towards trading as their gateway into crypto. This can often be a difficult experience as the majority of people do not make money from trading, with stats showing that 90% of traders lose money on a consistent basis.

March 15, 2020

A step-by-step guide to landing your dream crypto job

Why look for a job in Blockchain?

As someone who has been in this industry since 2013, I have seen the majority of new entrants lean towards trading as their gateway into crypto.

It can often be a challenging experience as the majority of people do not make money from trading, with stats showing that 90% of traders lose money consistently.

If you couple this with the fact that most blockchain projects fail, are scams or have no future, its seems insane that people keep trying to succeed as traders, especially when they have a range of skills that could be used elsewhere.

Many long term crypto traders are also feeling the impact of years of trading volatile assets in a 24/7 market and feel the need to find a source of income in blockchain that enables a much more friendly lifestyle.

One alternative to making money from trading in this industry is to use your skills and experience to find a suitable employment role.

The labour market in the blockchain sector is probably the largest area of growth in the entire industry and extremely bullish for jobseekers.

The number of vacancies is increasing year upon year and is not correlated to the price of crypto assets, meaning that there are lots of opportunities for everyone at any stage/cycle of the market.

Who is hiring?

There are several major players in the crypto jobs market which include; startups, legacy companies, tech firms and governments.

  1. Startups: These are the independent businesses, services and products created since the invention of Bitcoin. Many people assume that companies in this industry are mainly coins or tokens. Startups can also be wallet providers, news sites, blogs, and educational tools that have sprung up to support existing blockchain projects. These are often companies that grow during any phase of the market and always looking for new members to join their team.
  2. Legacy Companies: These are existing companies like banks, accountancy and legal firms that have been around for years before the launch of blockchain. They have taken a back seat in the early years, seen the growth of the tech and are now looking to implement this blockchain technology into their companies or offer services in this industry.
  3. Tech firms: These can be either existing tech giants such as Google, Facebook or can be emerging tech firms looking to pivot in new directions. Blockchain and tech firms are a natural fit, as highlighted by Facebooks intention to launch its Libra blockchain.
  4. Governments: As governments across the world start accepting the fact that blockchain is here to stay, many of them are now looking to regulate this industry. An excellent example of this is the UK financial regulator, the FCA, hiring blockchain data analysts to support them in developing their regulatory framework.

All of these institutions are creating new blockchain jobs daily. So, what are these jobs and who is being hired?

Who are the people being hired?

Blockchain technology is a fast paced industry where things change very fast. Many different kinds of people are being hired to do the jobs that this new industry provides. A blockchain employee can come from almost any background but they can be separated into two main groups;

  • Software roles: These are tech professionals like software developers, testers and engineers. They can be highly trained in programming languages like Java, Python, and C++. Blockchain developer jobs are often in high demand and pay over and above similar roles in the non-blockchain sector. Blockchain projects might require their developers/engineers to research, design and build a new platform using new programming languages such as Solidity which is used for the Ethereum blockchain.
  • Non-tech based roles: Blockchain projects need more than just technical based jobs. Like any business as they grow, they need analysts, marketers, content creators, desginers, meme makers and more.

Where can you find blockchain jobs?

There is a wide range of job sites dedicated to advertising blockchain-based roles. These include the following:

Proof of Talent is among a new wave of blockchain recruitment firms

These are companies that have launched as a result of the demand for crypto jobs. As they grow, it is also likely that they will also be looking for new staff to meet their growing demand so its a self fulfilling prophecy with more and more job created.

There are also a range of legacy job sites that list blockchain and crypto jobs such as:

Areas of growth

As we can see, there is a growing demand for jobs, but where is the most demand and where are the areas of growth? Below are a few of the areas that are facing massive growth in the market for jobs;

  • Analysis: As the industry develops, there is a direct need for qualified analysts for both the technical and fundamental analysis of projects. There are a host of data sites popping up, delivering a range of information to users such as Token Analyst, all of which are always looking for more staff as they grow.
  • Media: The blockchain industry needs to reach a wider audience. We see media companies growing all the time, delivering breaking news and informative content to users on a daily basis. As these media companies grow, they are looking for more and more content creators across a range of mediums including written articles, videos and in person at conferences.
  • Banking and Defi: As the assets in this market grow in value, there is a massive demand for the safe management and storage of these assets. More wallet and custodian services are popping up, and this is alongside the huge anticipated growth of Decentralised Finance (Defi) products that are being offered to users.
  • Trading: As many traders develop along their trading journey, they often look to resources and more experienced traders for guidance. As a result, there are a ton of paid groups offering their services, many of which are unregulated and unprofessional. Several traders and developers are now also selling their services in the form of bots, signal services or automated trading.
  • Legal and Compliance: New laws are being written about how cryptocurrencies can be used and any restrictions they may have. This means that crypto businesses will need legal advisors, lawyers and compliance officers, especially for those projects who raise public funds or deliver products/services classed as securities.

As you can see, the average blockchain job isn’t all based around technical roles or being a developer!

Now you know what the blockchain jobs market looks like, what jobs are available and where. Next, I want to look at the pay for the jobs in this industry and why it is so appealing to find work in this space.

Blockchain Jobs: Pay scales and conditions

One of the most appealing aspects of finding a job in blockchain is the salary premium paid for all roles in any area of the industry.

Demand for jobs is always high, with employers often looking to fill vacancies asap, and the salaries offered for these roles reflects this demand.

There’s a serious shortage of qualified professionals who have an understanding of blockchain, especially those focused on the more technical side of the business. Many of you who have been in this industry for 12 months or longer, will have gained a wide range of skills without even realising it. “Shit posting” on Twitter can easily be turned in a social media manager role without having to learn any new skills!

Fortunately, a shortage of skilled labor makes this the perfect time for newbies to start thinking about a career in crypto. It also means that those looking for work in blockchain can often name their salaries as a result.

To best illustrate this, lets take a look at one of the most in demand jobs in this industry that anyone can do, a Community Manager or Social Media Content Manager.

How Much Does a Community Manager Earn?

What someone earns in this industry will depend on their level of experience, where they choose to work and the length of their contract. As a guide we took a look at a few Community Manager roles posted at the time of writing this article:

A host of community manager jobs posted within the last 8 weeks just on 1 jobs website

As you can see, there are community manager jobs available for a wide range of projects including well known crypto companies such as Binance or new and emerging crypto start-ups.

The average salary for this role is around $40,000 USD annually and mainly involves working remotely. When you consider these two factors it is easy to see why these jobs are appealing for people across the world, especially for those in developing countries.

It is also important to remind readers that many employers offer the option of being paid in Bitcoin, Ethereum and a whole host of cryptocurrencies, allowing you the option of accumulating crypto through your time and labour.

Please remember this is just one example of a job in crypto, and is probably the easiest role for anyone to obtain regardless of educational attainment, work related experience, or location.

For software and management based roles, the salaries can often be up to double what can be earned in similar roles in real world industries!

Here are the three top tips for finding success in your new crypto career;

Top tips for job hunters

  1. Have fun: If blockchain protocols don’t put a smile on your face, then a job in this industry probably is not for you. You are involved in one of the most significant technological revolutions of our time, so you should be excited and love being here!
  2. Network: One of the best ways to find out about jobs in this space is to network, network and network. Being so early on in this industry means who you know can often outweigh what you know.
  3. Volunteer: If you are not sure what role is best suited for you, be open to the idea of volunteering or working as an intern in a specific field. For example, many people often volunteer their time and energy into projects where they have invested money. Why not use that time to volunteer for a position that may pay you in the future without you having to spend a penny.

So there you go, a beginner’s tour through blockchain jobs and how to get started finding your dream job. Before you choose which role or sector suits you best, we will leave you with a few final thoughts…

Final Thoughts…

Bitcoin jobs and blockchain careers are here to stay. If you are not learning skills and gaining experience in this industry, you will be left behind. Let go of this pipe dream idea that continuously investing in shitcoins will make you rich.

On the whole, the only people that get rich of shitcoins are the creators who dump their tokens on you and the whales in these coins who hype them up as the next best thing since sliced bread (See BOLT as an excellent example of this).

You are much better off investing funds and more importantly, your time into your development, meaning you can earn crypto whenever you want. The overall result is that you do not have to rely on speculation based pumps or dumps to get paid or accumulate crypto.

The best blockchain jobs today are the ones people are creating for themselves. If you’re are good at analysing projects, become a crypto analyst. If you are good at writing content, become a content creator. If you are good at making memes, become a professional meme creator…The barrier for entry is minimal and is nothing is stopping you from getting started.

Are you considering applying for crypto jobs? Have you already got one? We would love to hear your thoughts and experiences on our podcast or in the form of a written article. If you are interested, please contact us here.

Related links

CryptoJobsList | ProofofTalent | Glassdoor | CryptoJobsDaily