Men have saturated the crypto consumer base with twice as many men as women investing in cryptocurrency. This is a great time for new investors, especially women, to enter the market because new regulations have slowed its growth and decreased the value of some cryptocurrencies.
Here are three reasons why women should consider getting involved in crypto.
Ziprecruiter recently announced that the United States' national average salary for cryptocurrency traders is $94,427 annually. Women should not expect to be making this amount right away, but it is an attainable goal to work towards.
Additionally, women can create financial autonomy. Women typically make less than men, so it can be more difficult to build up the funds needed for opening a brokerage account for the stock market. But purchasing crypto requires fewer funds, so it is more attainable. In fact, investments can start with as little as $10.
Opportunities include but are not limited to blockchain accounting, marketing, software engineering, web development, journalism, and more. Careers in this field are plentiful and in demand as the technology is still in its infancy. The field may currently be male-dominated, but women must act now to take advantage of the existing prospects and equalize the number of men and women involved.
Nina Nichols - President and Founder of Global Women In BlockChain
People are vulnerable when they are unfamiliar with key terms and general operations. This is what makes newcomers more susceptible to malicious attacks like scams or retrieving information from non-reputable sources. Becoming the victim of these attacks can be off-putting and drive women away from crypto trading. Luckily, there are many ways to check a person’s or business’ reputation online.
Another gap in knowledge has to do with getting started and how the technology is used. There are several resources for this information, and they should cover what blockchain is, how to invest or exchange currencies, and common terms. Coinmetro is one resource that covers current events and provides educational materials.
In addition, the industry is experiencing a rapid influx of regulations and rules. On the one hand, it may be easier for newcomers as they can learn as they go rather than having to adjust to new rules. On the other hand, these regulations are rapidly evolving and will need to be monitored with care to ensure compliance.
Also, since many women are new to the field, they may be more interested in learning how to grow their careers. However, the topics covered may cater to those who have been in the industry for a while.
Why should women be involved in cryptocurrency?
Although there are fewer women than men involved in cryptocurrency, there are many female success stories. Some have been able to start their own company, others have found a career, and others have built wealth, all thanks to blockchain technology.Here are three reasons why women should consider getting involved in crypto.
It’s a way to build wealth
Perhaps you have heard about the hundreds, thousands, and sometimes millions of dollars people and businesses have made buying and selling crypto or working in the industry.Ziprecruiter recently announced that the United States' national average salary for cryptocurrency traders is $94,427 annually. Women should not expect to be making this amount right away, but it is an attainable goal to work towards.
Additionally, women can create financial autonomy. Women typically make less than men, so it can be more difficult to build up the funds needed for opening a brokerage account for the stock market. But purchasing crypto requires fewer funds, so it is more attainable. In fact, investments can start with as little as $10.
Good for career growth
Women can use cryptocurrency to build a career as well as wealth since investing is not the only way you can be involved in the industry. There are many jobs and careers that have emerged in the field.Opportunities include but are not limited to blockchain accounting, marketing, software engineering, web development, journalism, and more. Careers in this field are plentiful and in demand as the technology is still in its infancy. The field may currently be male-dominated, but women must act now to take advantage of the existing prospects and equalize the number of men and women involved.
Allows you to have an influence
Getting into the industry will give women the chance to have their voices heard and their ideas implemented. This provides a way for women to influence the field and how it will evolve. Furthermore, their advancement into the space will show others that it is possible to enter the industry.
Women currently in crypto & how they are involved
There are many influential women involved in cryptocurrency. Some prominent names include:Nina Nichols - President and Founder of Global Women In BlockChain
- Their leadership staff is a full female team
- The organization aims to empower women to lead in blockchain technologies worldwide
- The center provides mentorship, education, and training regarding blockchain technologies
- Develops sustainable infrastructure for Ethereum
- Focuses on building communities in Asia
- Software development for mobile blockchain technologies
Barriers to entry
There are various obstacles women must overcome to enter the crypto world, and these barriers often act as deterrents to entry. Understanding what these barriers are is the first step in overcoming them.The knowledge gap
There is an overwhelming amount of information to learn when it comes to blockchain technology. Those looking to gain access must be familiar with terms, concepts, current events, general operations, and laws/regulations. Women new to the concept must familiarize themselves with the field’s vocabulary.People are vulnerable when they are unfamiliar with key terms and general operations. This is what makes newcomers more susceptible to malicious attacks like scams or retrieving information from non-reputable sources. Becoming the victim of these attacks can be off-putting and drive women away from crypto trading. Luckily, there are many ways to check a person’s or business’ reputation online.
Another gap in knowledge has to do with getting started and how the technology is used. There are several resources for this information, and they should cover what blockchain is, how to invest or exchange currencies, and common terms. Coinmetro is one resource that covers current events and provides educational materials.
In addition, the industry is experiencing a rapid influx of regulations and rules. On the one hand, it may be easier for newcomers as they can learn as they go rather than having to adjust to new rules. On the other hand, these regulations are rapidly evolving and will need to be monitored with care to ensure compliance.
It’s a male-dominated world
Women may be sparse at networking, training, and blockchain events. This ratio may intimidate many women from attending events that could be pivotal to their careers.Also, since many women are new to the field, they may be more interested in learning how to grow their careers. However, the topics covered may cater to those who have been in the industry for a while.
