As cryptocurrencies are evolving every day, a lot of people still find it hard to understand the concept of cryptocurrency and blockchain – they consult a Cryptocurrency Consultant who knows in-depth about cryptocurrency for directions, ideas, or counseling.
However, if you are among those aspiring to become a cryptocurrency consultant – this article will broaden your knowledge of cryptocurrency consulting and how you can become a cryptocurrency consultant.
What is Crypto Consulting
Crypto consulting is simply a service offered by an expert or skilled personnel in cryptocurrency who can educate prospects in making the right decision in cryptocurrency investment, educating the prospect on how cryptocurrency works and how cryptocurrency can be used legally.
Thus, crypto consulting services, including some areas of blockchain consulting. It encompasses providing solutions to those who need help with investing and growing their finance with crypto.
Crypto consulting is gaining a lot of demand these days as the cryptocurrency labor market is on the rise. A lot of individuals and companies are now realizing the benefits of using cryptocurrency, this also implies huge learning towards using this as part of their business procedures.
However, crypto consulting is a career where experienced experts can make passive income by guiding investors to safer and more successful crypto investments.
Who is a Cryptocurrency Consultant
A cryptocurrency consultant is a professional or an expert with deep proficiency in cryptocurrency, their service is to protect their clients from illegal and indecent projects and also to help their clients get started in the cryptocurrency sphere.
They also provide comprehensive guidance ranging from strategic consulting, tokenization, smart contracts, blockchain applications development e.t.c
Crypto consultant skills will still be in high demand because numerous newbies/ companies are coming into the cryptocurrency sphere daily and these newbie/companies lack knowledge of cryptocurrency – these are when crypto consulting falls into play, to enlighten and guild these newbie/companies into cryptocurrency
Work of a Cryptocurrency Consultant
The work of a cryptocurrency consultant includes advice on the best cryptocurrencies to invest in. Investors should note that these consultants are not regulated, unlike personal finance planners. Caution must always be exercised since cryptocurrency is a highly volatile market.
Some other works of a cryptocurrency consultant include;
#1. Specify Blockchain Dilemmas
Cryptocurrency consultants assist organizations with distinguishing existing issues and comprehending how blockchain can address them.
#2. Remodel Market Trends
Innovation is fast developing, and organizations should know the thing that is inevitably ahead to stay on top of the competition. Cryptocurrency consultants give this awareness to entrepreneurs.
#3. Find out the favorable use case
Cryptocurrency & Blockchain can be utilized in various routes. However, there’s an ideal application. Cryptocurrency consultants assist their clients with recognizing the best use cases to expand their ventures.
#4. In-depth Guidance
Cryptocurrency consultants are professionals who can educate their clients in understanding the concept behind cryptocurrency, its usefulness, and its benefits.
#5. Risk Anticipation
Crypto is hazardous. While crypto & blockchain like bitcoin are here to stay, other crypto & blockchain applications, for example, tokenization present extraordinary dangers. It’s feasible to alleviate these dangers by expecting them and getting ready somewhat early. A decent cryptocurrency consultant will distinguish these obstacles and present countermeasures.
#6. Extra Services
Cryptocurrency Consultant years of experience matter a lot, this will help them see how other crypto projects can boost the quality or value of their prospect industry. Cryptocurrency consultants make these suggestions to assist their prospects to exhaust all possible benefits from their blockchain investment.
How to Become a Cryptocurrency Consultant
Becoming a cryptocurrency consultant is a process that needs serious dedication to learning the basics of blockchain technology, though there are a lot of procedures in becoming a cryptocurrency consultant which is primarily subjected to learning.
The following includes how you can become a cryptocurrency consultant;
Begins with the fundamentals of blockchain technology so you can get the basic overview of how blockchain technology works, this is highly important, especially the newbies – it is ineffective for anyone to hop into the technological factors of Blockchain technology without any perception of its fundamentals.
The major purpose is to learn about the fundamentals of Blockchain technology with its working and history. Individuals must take a deep look at the Blockchain lexicon for understanding the adequate explanation of every term related to Blockchain technology & cryptocurrency.
Categories of Blockchain
Individuals need to understand the different categories of Blockchain platforms such as Bitcoin, Ethereum, Hyperledger Fabric, Cardano, Solona e.t.c. All the Blockchain platforms don’t work exclusively, and it is highly important to figure out the common pattern.
This is an important requirement for all technical as well as non-technical Blockchain job roles. For example, Blockchain-related marketing or legal roles would require a formidable grasp of the Blockchain platform for presenting the solution to clients.
Decentralized and Distributed Ledgers
Blockchain is one category of a distributed ledger. Therefore, learn about other categories of distributed ledgers. This step can help in identifying the strengths of other distribution platforms and use them to improve Blockchain technology. In addition, you would get ideal insights for your Blockchain & Cryptocurrency career path through a technical overview of decentralized and distributed ledgers.
Salary of a Cryptocurrency Consultant
Cryptocurrency consultant is a high-income skill that varies based on how knowledgeable and experienced you are, a cryptocurrency consultant might make up to a million dollars per year based on how proficient he is.
The average salary of a Cryptocurrency consultant is around $150,000 to $175,000 per year which may even cross the number of $200,000 with certification, skills, and experience. As you gain experience in different designations and roles, you can improve your chances of commanding better salaries.
However, on Upwork, the salary of a cryptocurrency consultant based on high reviews ranges from an average of $20 – $999 per hr.
Crypto consulting is a lucrative business, and crypto consulting services abound. To distinguish the good from the bad. However, there are some qualities of a good crypto Consultants which include; Reputation
Always check a firm’s reputation before engaging with them. Read the reviews of past clients both from the firm’s website and from independent channels. Check their social media presence. Positive reviews reflect a firm’s competence, while negative ones reflect a lack of expertise.