The recruiting process for new talent can get grueling in today’s competitive setting. Businesses need to use as many resources as possible when looking to hire Bitcoin developers or other tech workers. The technology for Bitcoin continues to evolve much faster than the hiring pool of talented individuals skilled enough to understand the nuances of blockchain. We curated a list of the best sites to hire Bitcoin developers so you can harness this powerful cryptocurrency.
Bitcoin, Blockchain & Cryptocurrency
Bitcoin is a cryptocurrency that is completely digital. Created in 2009, the currency aimed to provide more secure and private transactions without a paper trail. Trading for Bitcoin is possible via a digital ledger called a blockchain. The ledger system is a network of computers that run Bitcoin transactions, which is often called Bitcoin mining.
Bitcoin Trends
Bitcoin’s introduction to the scene unleashed a new era in investment. Today, there are numerous other types of cryptocurrencies, such as Dogecoin, Tether, Monero, Stellar and Litecoin. These currencies offer investors a currency that is not connected or controlled by any government. Because of cryptocurrency's decentralized exchange, it has become an attractive investment product. Bitcoin’s value since 2009 has grown significantly. In 2021, the value of Bitcoin went up by at least 70% and some experts think it may rise even more in the next few years.
What Can a Bitcoin Developers Do for Your Organization
As Leon Louw states:
“Every informed person needs to know about Bitcoin because it might be one of the world's most important developments.”
Besides being an attractive and popular investment product, Bitcoin and blockchain development have also been beneficial to businesses. The right professionals can understand and operate this technology. Here are the benefits when you hire Bitcoin developers:
- Increased Data Security – Incorporating blockchain technology into your systems helps improve data security and adds more layers of protection of privacy.
- Lower Investment – Using this technology with your own freelance Bitcoin developers allows your business to avoid hiring a firm to work with blockchain and charge you premium prices.
- Higher Efficiency – Blockchain technology often makes transactions much faster and smoother, improving efficiency in your workflow.
- More Innovation – This technology is on the leading edge of innovation and allows your company to stay ahead of the trends.
Advantages and Challenges of Bitcoin Development for Businesses
Bitcoin development offers companies several advantages over their competitors and allows them to manage more transactions, bring in more revenue and expand their reach. Despite the excitement surrounding blockchain development and implementation, there are also challenges. This technology’s decentralization is also drawn in criminals and hackers, so companies have to be aware of potential data breaches. Bitcoin mining is also incredibly energy-intensive. According to some reports, Bitcoin uses 0.5% of the world’s energy and could potentially use even more.
How To Find and Hire Talented Bitcoin Developers and Programmers
Because Bitcoin mining and development is a newer technology, it can be more challenging to find talented teams. Companies interested in putting together a team of people who focus on blockchain development have to know where to look to hire Bitcoin developers. Businesses also have to understand what skills are necessary for working with blockchain specialists.
What Bitcoin Developers Do
Bitcoin developers spend their time building the blockchain. They use a text editor to write code and the Bitcoin protocols for cryptocurrency transactions. Their coding process needs to be exact because there isn’t an easy way to fix bugs in blockchain once they implement the code. Bitcoin developers also work on creating secure smart contracts, which handle the financial transactions in Bitcoin technology. These workers use a variety of skills from software and hardware development to build a foundation for this powerful cryptocurrency.
Hiring Teams of Bitcoin Developers
Bitcoin developers often need to work as a team to build the network for blockchain technology and then implement the software for Bitcoin transactions. Additionally, because Bitcoin involves sensitive data and little room for error, businesses should strive to hire Bitcoin developers who are part of a team of experts. If you want to hire more than one developer, you need to have several avenues to find talent, such as a vetted list of the best sites to hire Bitcoin developers.
Demand for Bitcoin Developers
Blockchain developers are some of the hottest and most in-demand tech workers. Job openings for new freelance Bitcoin developers rose 300% in the past few years. Currently, there aren’t enough skilled developers with blockchain development experience to fill all of the openings. Hiring managers have to work diligently to snatch up the best programmers with Bitcoin expertise before other firms secure them.
Contract, Full-Time or Part-Time Workers
One way a company can find more talent and stretch their hiring prowess is to be flexible when recruiting Bitcoin developers. While it’s smart to consider hiring a few full-time developers for your organization, you may also want to have some part-time hires on the team as well to keep up with the demand. Also consider recruiting freelance Bitcoin developers to work as contractors for your team. With this engagement type you can bring in talent on an as-needed basis for various projects without investing into benefits, employment taxes and other expenses for regular full-time workers. Lowering your hiring costs can give you more money in your budget to find freelance developers.
Job Skills, Requirements and Responsibilities
Bitcoin developers have to demonstrate a higher set of skills than the average software developer. First, they need to have excellent programming skills. They also need to show expert-level knowledge of encryption, networking and data security, such as SSL, TLS and MFA. Additionally, they need to be able to work with blockchain technology, with knowledge of dApps, smart contracts, distributed ledgers, sharding and tokens. In their daily responsibilities, Bitcoin developers may have to use different tools, such as Blockchain Explorer, Geth, Composer and Caliper.
Bitcoin Developer Salary
According to ZipRecruiter, the average Bitcoin developer salary is now $103,319 for a full-time worker. Hourly Bitcoin developers earn about $50 an hour. The highest paying regions for Bitcoin developers are in California, near the Silicon Valley area.
Match With the Best Bitcoin Developers
The small talent pool in this field means there is a lot of competition among employers to recruit the best freelance Bitcoin developers. Despite this, companies still need to fully vet potential team members to make sure they are a good fit. Here are some things to consider:
- Evaluate a candidate’s past work in blockchain development
- Talk to former clients or read their testimonials
- Consider using a site that tests a developer’s tech skills
- Can you benefit from a risk-free trial?
When you need Bitcoin developers or custom software engineers, you need to use resources that help connect companies with talented freelancers. The sites listed here are your key to finetuning your recruiting process and bringing on the best people.
Hiring Bitcoin developers - FAQ
- Are Bitcoin Developers in Demand?
Bitcoin developers must understand cryptocurrency and blockchain technologies, and the uses for both of these specialties are expanding rapidly. Overall, the IT technology and computer occupation projections expect a much higher than average growth rate until 2032, with a 25% increase in software developer positions.
- How Do I Hire Bitcoin Developers?
Any hiring process begins with defining your project and needs. Establish your:
- Budget
- Goals, nature and scope
- Timelines
- Team roles and skill requirements
What sources will you use to identify the top candidates? Are you qualified to vet technical expertise? Do you need to hire quickly, or do you have time for a more prolonged search? Are the required skill sets available in your local talent pool? Will you hire freelancers or employees?
The top sites on our list provide multiple options to suit your preferences and needs.
- How Much Does It Cost To Hire a Bitcoin Developer?
In the U.S., the average Bitcoin developer earns $129,846 annually, or $62 hourly. Yearly salaries range from $38,500 to $157,500, depending on factors such as skill levels, project complexity, years of experience and location.
- Why Should You Hire a Bitcoin Developer?
- Bitcoin is the first form of cryptocurrency launched in 2009, along with the blockchain technology that powers it. Initially used only for online cryptocurrency investments and trading, the number of businesses and financial institutions that accept various forms of cryptocurrency is growing, despite the fluctuating cryptocurrency market. Global companies allowing Bitcoin payments include Amazon, PayPal, Microsoft, Starbucks and AT&T. Whether you need to integrate bitcoin payments into your system, develop a new cryptocurrency or have other applications using blockchain, bitcoin developers can bring substantial value to your project.