Ultimate Guide to Crypto Jobs in the Philippines

With the continuous evolution of the Philippine economy, crypto jobs are becaming relevant in the employment sector. As investors started to invest in these virtual currencies, demand for crypto jobs also increased.

Did you know that you can have a fulfilling career under the crypto industry? Yes, it can be a lucrative experience as well! In this article, we will help you understand what crypto jobs in the Philippines are and their perks. 

What is Cryptocurrency?

Before you understand what crypto jobs are, let’s first figure out what cryptos are. There are two fundamental words to understand crypto: “Digital” and “Decentralized”. It is digital currency because you can access it only through your device. Unlike the physical peso you’re familiar with, crypto does not have a physical embodiment. Meanwhile, it is decentralized because there is no central bank or any monetary authority that regulates it. It is secured through cryptography (a complex mathematical algorithm) so that each unit of the currency is unique and to prevent any unauthorized use. 

Thus, don’t expect that there’s a bank that manages cryptocurrency. They work only through the virtual space but safe from hackers through its intricate cryptography security.

If you are wondering why crypto are becomingly an enticing investment vehicle, you can read its pros and cons here.

What are Crypto Jobs?

Crypto Jobs are careers that directly or indirectly involve cryptos. Most jobs require technical skills such as programming, machine learning engineering, software engineering, technical analysis, web development, data science, and internet security. However, there are also opportunities that are not too technical such as marketing, management, copywriting, and researching. As long as the job helps in the management, development, promotion, and safeguarding of cryptocurrencies, it can be considered as a crypto job. 

What skills do I need for Crypto Jobs in the Philippines?

If you’re planning to be part of the cryptocurrency industry, you must be equipped with the essential skills to master its nitty-gritty. To help you ponder which skills you must acquire, we’ve listed them below:

1. Advance Knowledge on Cryptocurrency and Blockchain Technology

If you’re still clueless about this technology, you have slim chances of getting a crypto job in the Philippines. So you need to start with the basics and then work your way on acquiring an expert-level of knowledge.

Start by taking online courses available in popular learning platforms such as Udemy, Coursera, edX, and more. You might be tempted to start learning on YouTube but you will only get superficial understanding on this platform so it’s best to have at least a “semi-formal” approach in studying crypto through online courses.

These introductory courses will provide you the theoretical foundations of blockchain technology including which is a prerequisite in understanding its technical aspect. It will be a painful journey so get ready to sacrifice some of your time for learning.

Once you get a grasp of the basics, it’s time to widen your knowledge by learning related fields to cryptocurrency such as in finance, economics, law, and computer science.

2. Mastery of popular programming languages such as Python and JavaScript

Learning a programming language is not different from learning a foreign language; it takes time and effort to master. Coding should always be part of your skillset to get crypto jobs in the Philippines. You might be tasked to create a program, perform debugging, or assist in the software development so it would be helpful to be ready.

3. Good attention to detail and problem-solving skills

Each day you’ll face a plethora of code lines that you need to analyze to ensure the smooth running of blockchain technology. Thus, you need to be persistent to withstand the exhausting codes on your screen. You also need to be creative and resourceful to solve any problems that may arise while the operation is ongoing.

4. Ability to work with minimal supervision 

Although most crypto jobs in the Philippines involve a collaboration of tech-experts, there are also times you have to deal with a task by yourself. Hence, you need to be self-reliant to efficiently complete the task assigned to you.

5. Strong grasp of economic and financial markets

Cryptocurrency does not exist in a vacuum. It is highly affected by macroeconomic fluctuations. During recessions, people are wary of putting their money in high-risk and volatile vehicles so it is expected that crypto will get weaker relative to other currencies during this period. To be prepared for these dismal situations, you need to be equipped with proper knowledge of the economy.

6. Good verbal and written communication skills

Even if you put blood, sweat, and tears to your job, it would be useless if your manager cannot understand what you’ve done. You must be able to create reports and do presentations that are engaging and convincing. You must also be capable of expressing technical concepts into layman terms that non-crypto people can understand. 

What are available Crypto Jobs in the Philippines?

1) Crypto Trader

A trader buys and sells cryptocurrency while making a profit from each transaction. This is one of the most basic jobs you can get in this industry. Basically, you buy units of cryptocurrency while its value is low. You hold these units until their value appreciates. Once you see that their value is significantly higher to its selling price, it’s now time to sell them and make profit.

2) Technical Crypto Writer

These writers create articles discussing or presenting information in the cryptocurrency industry. It requires in-depth research to provide accurate information in these field since most topics are complex

3) Marketing and Promotions Manager

This job title is tasked with overseeing the companies’ overall marketing campaign – from its publicity materials down to its advertising and promotional efforts to reach the public. It is necessary for this role to have a high level of comprehension in the crypto industry so that it can effectively convey the technology’s essence to the public without using high-falutin words or jargons. 

4) Crypto Analyst

A Crypto Analyst identifies the trends in the crypto industry by studying mainstream currencies and observing their behavior for a specific period of time. These analysts rationalize the fluctuations of the valuation of these currencies using his/her knowledge in technical analysis, macroeconomics, and investment behavior. 

5) Blockchain Developer

The main role of a Blockchain Developer is to create and manage a Blockchain-based software that provides a conducive environment for the operation of a decentralized cryptocurrency. This job title requires an immense level of programming knowledge requiring years of IT working experience. 

6) Crypto Legal Officer

This job title’s main role is to ensure the legality of the operation of the blockchain company and to ensure that the corporate meets the regulatory standards by providing sound legal advice.

7) Blockchain-based Software Engineer

This type of software engineers create specific kinds of softwares for companies that work with blockchain technology. Basically, they design and test these softwares to ensure that the company can use them effectively in their crypto-related operations. These engineers are also responsible on upgrading these softwares and to regularly maintaining it by removing bugs and other related software issues.

8) Crypto Project Manager

The Crypto Project Manager develops a concrete product roadmap for the release of a new cryptocurrency. Thus, they ensure that each phase of the production is flowing smoothly by brainstorming with other professionals in the field and executing their plans within their preferred time frame.

9) Crypto Market Exchange Operator 

A Market Exchange Operator provides a platform for buyers and sellers of cryptocurrencies (i.e. crypto traders) for them to interact. They ensure that the platform is safe and conducive with little to no room for errors and instability.

10) Machine Learning Specialist

A Machine Learning Specialist creates systems powered by Artificial Intelligence or AI. They create algorithms that can learn from data across the crypto industry to enable the company to adapt and respond to trends and fluctuations in the market. 

11) Data Scientist

The main focus of a data scientist in the crypto industry is to forecast the prices of the virtual coins using statistical softwares. Using previous data on price fluctuations of cryptocurrencies, they create models that can predict the potential trend and behavior of the crypto valuation in the foreseeable future.

12) Business Development Representative (BDR)

A BDR generates leads and provides external relations with other companies that are essential in achieving the firms’ long-term goals. Basically, they connect with other organizations to promote the companies’ vision on its blockchain architecture and showcase its potential in the industry to entice them in making a fruitful collaboration.

Since being a BDR requires you to always talk to other managers and professionals, having good communication skills is essential to get this job title.

13) Blockchain Security Officer

This job title is responsible for ensuring that the company’s blockchain architecture is safe from fraudulent attacks. They continuously update the system to ensure that it can withstand any novel form of cyberattacks that may compromise the integrity of the system. Strong grasp of the encryption and authentication technologies is vital to being a Blockchain Security Officer.

What are the perks of getting a Crypto Jobs in the Philippines?

Here are some benefits that awaits you in the crypto industry:

a) High Earning Potential

The most alluring factor of the crypto industry is its high salary offer. Even starter crypto traders can earn at least Php 15,000 – Php 30,000 per month depending on the market volatility. 

Technical Crypto Writers and other related professionals have an earning potential of Php 50,000 per month or higher.

Technical jobs such as developers, software engineers, and data scientists can earn up to six digit salaries.  

b) Opportunity to work with flexibility

Most crypto jobs have a modern take on the labor market. They allow you to work at your own pace as long as you meet their assigned deliverables. There’s no need to act like a headless chicken wandering around just to meet your 8-hour work quota.

c) Vast learning opportunity in the tech industry

Cryptocurrency and blockchain technology is one of the most advanced technological innovations of the century. Having the chance to work in the crypto industry means that you’re hands-on in these intricate technologies. This boosts your skillset which will be helpful once you decide to climb the corporate ladder.

What companies offer Crypto Jobs in the Philippines?

These are some of the top companies that offer crypto jobs in the Philippines:

• Coins.ph:

Coins.ph is one of the most popular digital wallets in the Philippines alongside GCash and Maya. The company known for their user-friendly crypto trading platform where you can transact Bitcoin, Ethereum, USDT, and more.

• PDAX

Philippine Digital Asset Exchange or PDAX is a homegrown crypto company. They provide exchange platform to trade cryptocurrencies whether via mobile phone or computer. 

PDAX’s virual wallet is insurance-backed and under BSP’s supervision. This ensures that PDAX funds are well-protected from any fraudulent attacks

• Binance

Binance is a global digital asset exchange company operating in different countries including the Philippines. Binance has its own crypto,“Binance Coin (BNB)”, that is usable as payment for in-app transaction.