Crypto is all the rage now. However, it has been years in the making! People tried developing digital money in the 80s and 90s, but nothing ever came out of it.
However, in 2008, the first cryptocurrency emerged and became a competition for traditional centralized currencies that governments regulate. It was called Bitcoin.
What exactly is a cryptocurrency, though? Well, it is essentially a virtual or digital currency that is secured through cryptography, making it almost impossible to double-spend or counterfeit.
Are you interested in knowing what it takes to become a cryptocurrency tutor? Would you like to share your tips and tricks with other hopefuls? Then this article is for you! Read on.
How Much Crypto Tutors Can Earn
If you are second-guessing becoming a crypto tutor because you are unsure about its stability as a career option, you should know that it has been recognized by some of the biggest names in global finance.
It all depends on whether you are passionate about crypto trading or not and if you like seeing others prosper through the knowledge you pass on to them.
Moreover, several educational institutions worldwide have started realizing the importance of educating the new generation in crypto.
Not only is the importance of teaching cryptocurrency being understood by colleges, but also by high schools!
Hence, New Jersey's Union Catholic Regional High School has incorporated cryptocurrencies within their Business and Personal Finance class for both juniors and seniors.
So, by offering cryptocurrency help in the form of private lessons, you can charge according to what you think is reasonable.
Moreover, the national average for cryptocurrency jobs in the US is $108,371, meaning it can be quite a financially fruitful undertaking.
Cryptocurrency Trading For Beginners
For those who want to start investing in cryptocurrency but don't know where to start, here is a step by step cryptocurrency guide:
1. Create An Account At A Cryptocurrency Brokerage
If you don't own cryptocurrency already, you will have to create an account with a crypto-trading platform.
eToro, Gemini, and Coinbase are some of the best crypto-brokerages for beginners in the market because they offer several altcoins and have a straightforward user interface.
All you have to do is provide the chosen brokerage with your identification details to sign up. This generally includes your address, email address, social security number, and date of birth.
2. Add Funds To Your Account
After signing up with the crypto brokerage of your choice, you will also have to add your bank details.
Remember, most crypto-trading sites allow you to fund your account through wire transfers and debit cards. The cheapest option generally is wire transfer, accessible on Gemini and Coinbase.
3. Choose Which Crypto You Want Will Be Investing In
Most of the popular crypto brokerages allow you to trade using Ethereum and Bitcoin because these are a lot more predictable than lesser-known altcoins.
However, several brokerages do allot a portion of their investment to altcoins.
So, for those who are risk-takers, choosing a smaller altcoin might be a good choice, as even though they are riskers, they allow you to gain a lot of profit.
4. Choose Which Strategy Will Work For You
There are several trading indicators you can choose from. However, most traders do consider several aspects when selling and buying cryptocurrency.
For example, if you want to try out automated crypto trading, platforms like Coinrule may offer it.
People consider using this strategy because it allows you to be either aggressive, neutral, or conservative, so you can either hold onto coins, diversify your portfolio or earn money quickly as per your goals.
You automate through a trading bot that enacts the strategy that meets your requirements best.
5. Storing Cryptocurrency
If you are an active cryptocurrency trader, you will need to access your funds; thus, you'll need to store them on the exchange.
However, if you are buying cryptocurrency to hold for some time, then consider getting a cryptocurrency wallet.
These wallets come in the form of hardware or software wallets. Though both offer security, hardware wallets are superior because they are an offline, physical storage mode.
Why Become A Crypto Tutor?
Even if you are not an expert at crypto trading, you can still offer crypto classes for beginners for those who have no prior knowledge or experience.
Moreover, there are several reasons why one should consider becoming a crypto tutor, some of those being:
- Great earning capability
- Flexible working hours and days
- Learn more and stay updated on the latest crypto trends
- Help others who may be struggling financially
Cryptocurrency Certification
Of course, qualifications are necessary to appease concerns regarding your knowledge of cryptocurrency.
You need to show prospective students proof that you know everything regarding crypto trading. Moreover, since this field is relatively new, updates are constantly being made.
Thus, being certified can help make you more qualified in learners' eyes, make you feel more confident, and give you the tools, knowledge, and resources you need to teach people effectively.
Due to its newness, there aren't any specific guidelines for becoming a cryptocurrency tutor. However, there are several institutions offering certifications.
A cryptocurrency certification can be beneficial if you intend to teach cryptocurrency classes. First, however, you need to know the basics of distributed ledger technology (DLT).
Distributed Ledger Technology
Distributed ledgers are databases that are consensually synchronized and shared throughout multiple geographies, institutions, and sites so several people may access them.
The primary technology behind distributed ledgers is that of blockchain.
Moreover, you can get a certification in understanding distributed ledger technology. Moreover, besides knowledge of the financial system, you need to be passionate about technology.
Teaching cryptocurrency is tricky because of DLT – the institution regulating crypto. Also, this tech cannot be put into a specific category since its several uses are used.
However, to give crypto lessons, it is essential to stay up to date on the newest federal and state laws that regulate DLT since they may limit or ban the sharing of information surrounding it.
Furthermore, teachers need to be aware of international regulations changes since the US government may act upon sudden changes in other countries.
There is no current federally recognized certification required for crypto teachers, and it doesn't seem like there will be any in the near future as the technology still hasn't been fully explored.
But that has not restricted outlets from offering courses on the topic.
The Courses Available
Several courses are being offered on cryptocurrency trading that prospective tutors should consider checking out:
| Cryptocurrency certifications and courses | Duration | Level | Format |
|---|---|---|---|
| MIT | 7 to 10 hours weekly for six weeks | Intermediate | Online classes, on-demand |
| Udemy | 25- 30 hours | Intermediate | Online classes, on-demand |
| INSEAD | 18-20 hours | Beginner | Online classes, on-demand |
| Blockchain Council | 8 hours | Intermediate | Online classes, on-demand |
How To Become A Crypto Tutor
When it comes to being qualified to offer cryptocurrency help, it is crucial to have a background in teaching.
Here are the steps one should follow if they would like to become a tutor in the US or elsewhere:
1. Get A High School Diploma
To become a tutor, one needs to have a high school diploma at minimum. Having that also allows tutors to further their education at a college if they want to become a subject expert or get a degree in teaching.
2. Getting Tutoring Education And Training
If you already have a bachelor's or master's degree in a field, simply getting tutoring certification is sufficient. However, formal education is needed for those looking to work in classrooms.
This can mean teacher or teacher's aide preparation associate degrees and teacher aide certificates.
3. Become Part Of A Tutoring Association
Though joining a national tutoring association isn't necessary, it can be highly beneficial for both future and current tutors.
They offer you several opportunities such as:
- Tutoring certifications
- Network events
- Industry newsletters
- Mentorship opportunities
- Invites to annual conferences
Prospective tutors can check out the following associations:
- The American Tutoring Association
- The National Tutoring Association
- The Association for Tutoring Professionals
4. Get Tutoring Certification
Some tutoring companies require their employees to be certified.
A formal tutoring certification offers advanced coaching in the best tutoring techniques and strategies to use and enhance professional credibility.
You may apply for advanced or basic certifications from certifying bodies such as the American Tutoring Association, the National Tutoring Association, and more.
5. Acquire A License, Market Your Services And Set Your Rates
For those wanting to tutor in a school setting, education state boards often require a license. However, if you are a private tutor, you can set your rates and market your services.
In this case, you may not need to be licensed or regulated or additional training apart from your niche.
Want To Take Cryptocurrency Classes With Superprof!
Certified cryptocurrency experts give cryptocurrency classes online at all levels, whether you are a novice or proficient.
Moreover, if you know the ins and outs of the trade, you can sign up with Superprof to teach cryptocurrency classes. Again, you get to set the timings and prices according to your requirements.
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