One of the best things about working in the cryptocurrency space is that there are so many different ways to make money, some of which you might not even have thought of yet.
While the focus on cryptocurrencies typically goes to the price movement and speculation around it, another way you can make money in crypto is through jobs in the industry.
What Is Crypto
Crypto is short for cryptocurrency, a digital asset in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.
Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
It’s all done with blockchain technology, which allows information to be distributed but not copied.
The integrity of all transactions is protected by cryptography as well as by economic incentives that ensure proper behaviour by participants, even if they don’t know each other (this is called consensus).
Highest Paying Jobs in Crypto
So if you’re looking for an exciting career in crypto, Here are 8 high paying jobs that you didn’t know existed!
Blockchain Developer
A blockchain developer is responsible for developing and implementing distributed ledger technology-based solutions to business problems.
As the demand for blockchain technology grows, so does the demand for blockchain developers. Salaries for blockchain developers can range from $75,000 to $175,000 per year.
They may also receive equity in their company if they are a startup founder or co-founder. There are various online tutorials that can help people learn how to code for blockchain.
For example, Hyperledger Fabric offers a free tutorial for learning about blockchain development and writing smart contracts.
Some schools offer courses on programming in languages like Solidity (used by Ethereum) and Python (for working with bitcoin).
How Many Jobs Are Available In Computer Software Prepackaged Software
These courses usually cost between $200-$1000 but students often get scholarships to offset these costs.
Courses might be part of a degree program or offered as certificates.
Some institutions offer Blockchain MBA programs where students can earn both their MBA and certificate in Blockchain through specific coursework and examinations.
These degrees provide an excellent opportunity for anyone looking to enter the cryptocurrency field.
And because most graduates of this program will have an understanding of cryptocurrencies, it would be easier for them to find jobs at companies involved in crypto-related industries such as exchanges, mining pools, investment firms, etc.
Solidity Developer
A Solidity Developer is responsible for developing and managing smart contracts on the Ethereum blockchain.
As the crypto industry continues to grow, the demand for Solidity Developers will only increase. If you’re looking to get into the crypto space, this is a great job to consider.
With an average salary of $150,000 per year, it’s one of the best paying jobs in cryptocurrency.
It requires specialized knowledge that can be gained through formal education or through self-teaching.
The skill set includes:
- Advanced programming skills with expertise in JavaScript, Python, C++, C# or Go;
- Deep understanding of blockchain technology;
- Excellent problem solving skills; and
- Proficiency with at least one popular development framework such as Truffle or Web3.js
Software Engineer
A software engineer creates and maintains the software that makes our crypto wallets work. They make sure that our transactions are secure and that our data is private.
They also develop new features and work on improving existing ones. A software engineer usually has a bachelor’s degree in computer science or a related field.
Most employers require at least 3 years of experience as well. The average salary for this position is $124,000. The growth rate for this job category is projected to be more than 34% by 2026.
And one thing I love about this job is that they’re always learning because they’re constantly working with different technologies and solutions. There’s no way you can get bored with this job!
UI/UX Designer
With the growing popularity of cryptocurrencies, there is an increasing demand for UI/UX designers who can create user-friendly interfaces for wallets, exchanges, and other crypto-related applications.
If you have experience designing web or mobile apps, this could be a great opportunity to break into the industry. The average salary ranges from $80,000-$120,000 USD per year.
A background in marketing or branding would also be beneficial as it will allow you to offer insight on what features would most likely be appealing to potential users.
A good portfolio of your work should help in getting hired by a company that wants your skillset.
Some universities are now offering degrees in cryptocurrency design so if you’re looking for more formal training then that might be the way to go.
Security Architect
In the world of cryptocurrency, security is paramount. That’s why companies are willing to pay top dollar for security architects who can help them create secure systems.
If you’re interested in this field, here are five of the highest paying jobs in crypto that you may not have known existed:
demand and that transactions are processed securely.
Cryptocurrency Engineer: Engineers are needed to develop new technology and tools that will support the continued growth of cryptocurrencies.
These engineers might work on developing software or hardware. They may also work with people in other sectors such as finance, insurance, academia and law.
They must have a deep understanding of how cryptocurrencies work from a technical perspective but also know how the regulatory environment operates so they can advise clients accordingly.
Software Developer: Software developers are crucial for building new blockchain technologies or updating existing ones. Software developers typically possess skills in object-oriented programming languages and design patterns.
Often these individuals come from backgrounds in computer science, mathematics, or engineering.
Blockchain Legal Consultant: As regulations start to evolve around blockchain technology, lawyers will need to help their clients figure out how best to navigate this uncharted territory.
Legal Consultant
The cryptocurrency industry is fraught with legal ambiguity. As a result, many startups are in need of legal consultants to advise them on the best way to navigate the often-murky legal waters. and risks abound for those who want to enter the field.
If you don’t want to work with startup companies, it’s worth considering an alternative career as a cryptocurrency compliance officer at an established company.
A Compliance Officer will help establish controls and enforce regulatory requirements for companies that trade in cryptocurrencies like Bitcoin or Ethereum.
They’ll also help prevent financial crimes like money laundering or terrorist financing. To become one, though, requires formal training from institutions like FinCEN.
It’s also possible to start out as a Financial Crimes Specialist before becoming a full Compliance Officer.
Financial Crimes Specialists can monitor incoming transactions for any suspicious activity and stop any illegal behavior before it even starts.
And while it doesn’t always pay very well, experience is key when looking for a job in this field.
Cryptocurrency engineers are always needed too; they’re responsible for maintaining and improving digital wallets so that all users can securely store their coins without worry.
And finally, lawyers: These professionals provide counsel on all things cryptocurrency related, from initial coin offerings (ICOs) to various other legal issues faced by startups within the industry.
Quality Engineer
As a quality engineer in the cryptocurrency industry, you would be responsible for ensuring the quality of digital assets and transactions.
This would involve developing and implementing quality assurance procedures, testing digital assets and transactions, and maintaining records.
Quality engineers typically have a background in computer science or engineering. According to Glassdoor, the average salary for this position is $99,000 per year.
Project Manager: As a project manager at a cryptocurrency company, you would be in charge of planning projects from start to finish.
A project manager needs to ensure that deadlines are met and deliverables are completed on time.
A degree is not necessary, but it will help with any future promotions. Entry-level positions start at around $85,000 per year with an annual salary increase between 5% and 10%.
After five years of experience, an average quality engineer can make up to $160,000 per year.
Risk Analyst
Cryptocurrency is a volatile industry with a lot of money at stake. As a result, many businesses are looking for qualified risk analysts to help them make informed decisions.
If you’re good with numbers and have a keen eye for detail, this could be the perfect job for you. Earnings range from $80k – $120k USD per year, depending on experience level.
It’s important to note that you’ll need a bachelor’s degree in mathematics or statistics, as well as five years of experience in a related field.
The role requires someone who has a knack for analyzing data and working independently.
Risk analysts typically work full-time hours during business hours but can expect some occasional overtime.
Conclusion
If you’re looking to enter the crypto industry but don’t know where to start, look no further! The above are of the highest paying jobs in crypto that you may not have known existed.
From blockchain developers to community managers, there’s sure to be a role that’s a perfect fit for you. So what are you waiting for? Start your search today!
