The need for companies across a wide swath of industries to hire cryptocurrency developers has skyrocketed in recent years. The rapid development of blockchain technology has impacted the workflows and productivity potential for countless companies.
“In the span of a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential to disrupt the global financial system.”
by Anshu Siripurapu, writer and editor for the Council on Foreign Relations
Cryptocurrency, the industry that first gave the world the blockchain concept in practice, continues to thrive and grow as new cryptocurrencies are developed and new ideas are tested for how to best incorporate this technology in both business and personal practice.
As a result of blockchain's explosion onto the public scene, the need to hire cryptocurrency developers and other blockchain-oriented developers remains on the rise. However, because of how new the world of crypto and blockchain is, it may be difficult to know how to hire the right developer, even for companies that specialize in matters of technical development.
The good news is there is a growing number of dedicated and quality cryptocurrency developers for hire, and it isn't difficult to get connected to the right one. Whether you're looking for remote developers or on-site developers, or aren't sure exactly what you require, explore our curated list of top sites for finding and hiring the right freelance cryptocurrency developer for your and your company's needs.
Hiring cryptocurrency developers is integral to the success of your blockchain project, so it's important to go into the hiring process with the right expectations.
What are Cryptocurrency Developers?
Cryptocurrency developers, a subset of blockchain developers, are experts in the field of tech development as it applies to creating crypto and other blockchain platforms. These platforms allow companies to manage their transactions with transparency and safety.
Cryptocurrency developers typically have experience in coding languages (such as Java, PHP, and Python) and other programming basics. These developers understand and can implement the many operational procedures for different cryptocurrencies. In a nutshell, cryptocurrency and blockchain developers oversee the process of integrating a company's website or other infrastructure with the network and system of cryptocurrencies (whether Bitcoin, Ethereum, or various altcoins).
Here are some of the responsibilities of cryptocurrency developers:
- Analyzing current processes and planning improvements and additions
- Using blockchain to design and implement new platforms for companies to track their transactions
- Understanding crypto mining and utilizing it for the benefit of their client's applications and systems
- Integrating companies with the APls of Bitcoin, Ethereum, or various altcoins
- Troubleshooting issues that arise with various applications
Why Hire a Cryptocurrency Developer?
It's important to understand the "why" before you spend the necessary time and resources for hiring a developer. The Depository Trust & Clearing Corporation, a leading force in global financial markets, conducted a survey that found that over 70% of the clients they work with have sought developers that have experience and knowledge in the world of cryptocurrency.
The more large corporations accept crypto such as Bitcoin as a payment and currency option, the more widespread those cryptocurrencies are likely to become. As a result, having access to an expert in how they work and how to utilize them is key to success.
Another reason that companies and institutions are turning to blockchain developers is that as one of the most cutting-edge technologies out there today, blockchain is considered to have great potential for the future. Even if a given company doesn't currently need applications that incorporate blockchain, there is the possibility of needing such apps in the future.
There has also been an increase in the number of financial services that utilize blockchain in general, from IBM to J.P. Morgan. This is yet another reason for companies to consider hiring a developer with cryptocurrency and blockchain expertise.
How To Hire Cryptocurrency Developers
When you're beginning the process of hiring cryptocurrency developers for your company, you can start by looking for a good freelance developer to complete at least a smaller project (or a smaller piece of a project). This can give you a sense of their ability and whether they're a good fit for longer-term contracting with your company.
You don't have to commit to one person forever. Keep in mind that cryptocurrency development is a thriving freelance industry, and there's no reason why you can't start small. This might look like hiring one developer at first before bringing on a whole team, or just delegating smaller projects to developers at first. Begin by checking out the many sites covered here to start looking into who might be a good hire for you.
What Skills To Look for Before Hiring a Cryptocurrency Developer
Hiring cryptocurrency developers involves vetting potential candidates to find the best one for your project or company. Look for things such as experience and a track record of success. Ask what their qualifications are. Consider whether they have the basic knowledge expected of a cryptocurrency developer, such as programming languages and a strong handle on the APIs of Bitcoin or other cryptos. Check reviews for hints as to whether the developer is a good fit, and keep an eye out for negative reviews to save you the trouble of hiring the wrong person.
It's also important not to overlook other basic skills that are integral to any job. These include strong communication and the ability to follow through on commitments.
How Much Does It Cost To Hire Cryptocurrency Developers?
Cryptocurrency developers can earn anywhere from $45 to $200 per hour when working on a freelance basis, and salaried blockchain developers make on average $150K-$175K annually. That means even entry-level blockchain developers expect considerable compensation for their work. The cost of quality cryptocurrency development is worth keeping in mind when you organize your budget and plan out the costs of your project.
Choosing the Right Site To Hire Cryptocurrency Developers for Your Projects
Choosing the right freelance site to hire a cryptocurrency developer comes down to not just the fees associated with each site, but more importantly, whether a given site has the right developer for you. The choice requires stepping back and considering basic questions about this process.
When it comes to choosing the right site to find the developer or developers for you, there are several questions to ask:
- How complex is your project?
- How many developers are needed for your project?
- How much do you have in your budget for your project?
- What is the timeline of your project?
- Will you hire remotely or only on site?
- Will you outsource to other countries?
- Does the site in question have a good track record?
- Does the developer in question have a good track record?
These are among the most important things to keep in mind when deciding which site, and which developer, to go with for your project.
How To Find Great Freelance Cryptocurrency Developers
To find the right freelance cryptocurrency developer, first consider the top 15 sites covered here, and look into a few to get a sense of them. Check for things that match up well with your company's needs. For example, as you research sites, ask yourself the following:
- Is this site reputable and does it have a good track record of vetting high-quality, experienced developers?
- Do they have a satisfaction guarantee for the services they provide?
- Are they big enough to offer a wide variety of developer services that may arise for my company?
- Does the pricing that is offered work for my company's budget?
Once you identify one or two sites that will likely work for you, you can begin the process of using that site to find the best freelancer for you.
When using a freelance hiring website, simply follow the process they recommend for successfully using their service. If questions arise along the way, always try reaching out to the site. The quality of their support can be telling as to their overall quality as a freelance hiring website.
Things To Consider Before Hiring
Before your company takes the plunge and starts the hiring process, it's vital to properly set expectations. Here are a few important things to think through before you officially hire a freelance cryptocurrency developer or similar position:
- Does this project really require blockchain applications?
- Is now the right time to move forward with this project?
- Does the current budget have room for this hire?
- How integral is this project at the moment?
It can feel like a daunting task to research and find the right personnel for your critical projects. This list of 15 top sites for finding the right cryptocurrency developers can serve as a starting place and resource for your project-managing process.
Hiring Cryptocurrency developers - FAQs
- How Do I Hire Cryptocurrency Developers?
Whether you’re a retailer, e-commerce seller or other business, hiring a cryptocurrency developer can be advantageous. These developers need experience in various skills, including blockchain solutions, general software development and coding. They should also have an in-depth understanding of cryptocurrency systems, networks, and related procedures.
You’ll need to determine your project’s budget, scope, goals and timeframe. You can find qualified freelance, part-time or full-time developers using top sites. You can also find teams of cryptocurrency developers. You may choose to post your position, search developer profiles or use talent-matching services.
- Why Should You Hire a Cryptocurrency Developer?
Since the first cryptocurrency launched in 2009, the popularity of this currency has expanded. Despite an initial reluctance to include cryptocurrency as an accepted form of payment, the range of payment processors and vendors accepting it continues to increase. The global cryptocurrency market expects a 12.5% compound annual growth rate until 2030.
Almost 75% of retailers expect to accept payment in cryptocurrency by 2025. To take advantage of this growing trend, hire a cryptocurrency developer. These highly skilled professionals can research, develop and maintain the necessary blockchain technologies to integrate cryptocurrency applications into your organization.
- Where can I find Cryptocurrency developers for hire?
- Toptal
- Upwork
- PeoplePerHour
- Arc
- Guru
Explore more sites in our comprehensive list of top companies.
- Are Cryptocurrency Developers In Demand?
As the use of cryptocurrency becomes more widespread, the need for skilled cryptocurrency developers will increase. These developers are also in high demand because of their blockchain development knowledge and skills. The overall demand for blockchain developers rose by 552% in 2022.
- How Much Does It Cost To Hire a Cryptocurrency Developer?
Blockchain and cryptocurrency developers in the U.S. earn an average of $105,047 per year or $51 per hour. Compensation varies depending on skill levels, location and experience. You may save money by hiring freelancers because you won’t pay related payroll or overhead costs.