While crypto may be a bear market, there are plenty of jobs to be had. Some of the opportunities include:
- Compliance officer
- Cryptocurrency analyst
- Crypto trader
- Blockchain developer
- Data scientist
- Crypto blogger or journalist
- Security architect
- … and much more!
In fact, between 2020 and 2021, LinkedIn job postings for crypto vacancies exploded by almost 400%!
If this is an industry that interests you, you may be wondering what sort of skills you need to break into the sector! Well, don’t worry, as we’ve got you covered. Below, we’ll talk you through some of the most vital skills that can land you a gig in the crypto industry.
Reasons You Should Work in Cryptocurrency
There are a number of reasons why a career in cryptocurrency makes a lot of sense. Cryptocurrency is an industry that’s thriving at the moment. A few years ago, it would be crazy to tink of paying for products using cryptocurrency but this has now become the norm. Crypto is becoming more mainstream, and this means that there’s more job opportunities available than ever before.
There are also many different career paths you can pursue, as illustrated in the introduction. You’ll also have the flexibility of being able to work from home and choose your own hours, depending on the career path you go down. Also, as you’ll see by the skills we discuss, a lot of them are transferable, so moving between jobs shouldn’t be difficult if you have a change of heart in the future.
Do You Need to Buy Bitcoin or Other Cryptocurrency to Have a Career in the Industry?
Before we take a look at the different skills required to work in the crypto industry, you may be wondering whether it’s necessary to own cryptocurrency yourself.
It certainly helps to have some experience with purchasing, trading, and selling cryptocurrency so that you can understand the market and how it operates. Plus, if you’re passionate about the sector and want to work in this space, it’s likely you’ll have a want to purchase cryptocurrency in any case.
There are many different options you can go for when buying cryptocurrency. It’s easier than it ever has been. For example, you can even buy Bitcoin with a credit card on MoonPay and similar platforms. It doesn’t get much simpler than that.
Of course, you don’t need to spend fortunes, and it also makes sense to leverage demo accounts so you can ‘trade’ across multiple platforms and try different strategies. The more experience you have, the better.
The Best Skills for Landing a Career in Crypto
So, let’s explore the different skills that are going to help you get a career in the crypto space:
One area that’s constantly developing is compliance. To say that the cryptocurrency landscape is a bit precarious can be a bit of an understatement. It’s not always clear how laws and regulations apply, and we can expect to see a lot of developments in this area over the coming years. This is why having a solid understanding of compliance requirements and concerns is a necessity.
Of course, those who oversee compliance tend to work in the law sector. However, everyone involved in operations and development must have a good understanding of the current state and what’s on the horizon.
By doing this, you’ll know you’re adhering to rules and regulations at all times, and you’ll be prepared for new rules as and when they’re released.
2. Community management
When it comes to the non-technical skills that are vital in the wider crypto landscape, community management skills are certainly at the top of the list.
A lot of cryptocurrencies have active, vocal communities behind them. People working behind the coins need to ensure they participate in these conversations, so they look to community management professionals to keep discussions productive and civil while sharing company messaging.
3. Financial analysis
At the end of the day, cryptocurrency is predominantly about money. Cryptocurrencies are seen as investments by a lot of people, so there’s a very strong financial element. Plus, when you factor in the emergence of NFTs, the investments opportunities are greater than they’ve ever been for those who are bold enough to venture into this landscape.
Considering this, it shouldn’t come as much of a surprise to discover that financial analysis is one of the most critical cryptocurrency skills, especially if you’re concentrating on the investment space.
It gives you the ability to assess markets so you can locate opportunities and evaluate the performance of assets to decipher the best next steps, which is why this is such a valuable addition to any cryptocurrency resume.
One of the more obvious skills you need to have is a thorough understanding of the blockchain. It may seem like an evident starting point. However, even entry level crypto jobs are going to require you to have a complete understanding of how the technology works.
There are a lot of different elements to blockchain, and a lot of types of blockchain networks. As distributed ledgers bring together a number of components, it’s more accurate to describe them as blockchain technologies.
You need to have a deep understanding of blockchain principles, the architecture of various systems, how they’re utilized, and much more. If you don’t already have this knowledge, it’s a very good place to start before you develop other cryptocurrency skills.
5. Data analysis
Not only is it vital to be competent at financial analysis but data analysis, in general, is a vital skill. You only need to consider the huge amount of data the blockchain provides access to, and you’ll quickly understand why data analysis is vital.
The crypto architecture is a very transparent one. You need to know how to extract data effectively, parse it, understand it, and use it to give your business an edge.
A lot of people use their data analysis skills to move into a crypto data scientist role. If this is something you’re interested in, you’ll also need coding skills and an engineerring, maths, or science background.
6. UX design
Combining UX design with blockchain is a powerful combination, to say the least. You need to be proficient in creating intuitive, beautiful interfaces that plug into the blockchain and enable users to acces its functionality, without needing to worry or know about what’s happening behind the scenes.
Leading frontend developments skills are critical, including suitable programming languages. You’ll most likely be working with APIs to connect with the blockchain and access its functionality through your User Interface, yet, of course, it’s always beneficial to have a keen understanding of how the blockchain operates and how it’s different from other centralized databases that you might have worked on previously.
7. Security and cryptography
Having an overall understanding of the security landscape is a valuable skill for anyone who wants to work in cryptocurrency in any capacity.
It’s useful to have knowledge of Markle proofs, cryptographic hashing, elliptic curve signatures, public key cryptography, and cryptographic protocols. This will help with not only senior roles but some entry level blockchain vacancies as well.
If you decide to pursue a job as a security architect, it’ll be your responsibility to establish and maintain systems that keep both your product and business secure, preventing unwanted exploitation. This is a vital job in any sector, yet it’s critical in blockchain specifically, and it’s a high-responsibility position that demands and incredibly high degree of competence.
Last but not least, there are many technical cryptocurrency jobs that require coding skills, whether you’re maintaining security processes, carrying out blockchain data analysis, or working as a blockchain developer.
You’ll see that some languages are more beneficial than others. For example, when it comes to blockchain protocols, some of the most commonly used are Scala, Java, and C++. It certainly won’t dent your CV to have knowledge of other frameworks and languages, such as Rust, Node.js, or Python.
Master these skills to land a gig in the crypto industry
So there you have it: an insight into some of the most vital skills you need to land a gig in the crypto sector. From blockchain to data development, if you master the skills we’ve discussed in this guide, you’ll give yourself the best chance of standing out from the crowd and securing a crypto job.