Data Entry vs. Crypto Remote Jobs: Which is Better?

Remote work has created new career opportunities in different fields. Now people can work from home, increasing convenience and accessibility. Out of the many available options geared towards students and job seekers at WorkAsPro, it seems data entry and crypto remote jobs have become quite popular.

But which option applies to you? This blog post will analyze data entry remote work alongside crypto remote work and explain their pros and cons to help you determine which one aligns with your goals.

Remote work is now a defining feature of contemporary employment across all sectors, and particularly so in information technology. Data entry and crypto-related jobs are two of the most popular remote work opportunities in today's market.

While both provide flexibility and allow work to be done from anywhere, the skills needed, payment, job security, and potential for growth differ immensely.

This article analyzes these differences in detail to help you make a decision.

What is Data Entry?

Under the discipline of data entry, recording relevant information into computer systems, databases, and spreadsheets falls under its subtask. It's a responsibility that is crucial for nearly every part of the economy including: healthcare, finance, retail, and customer service.  

If you enjoy monotone tasks with no learning curves and wish to have control over your time, data entry is probably the right fit for you.  

Skills Needed for Data Entry Jobs  

• Typing Speed: Competitive and precise typing is extremely important in data entry jobs. Most employers expect a typing speed of 40-60 words per minute.  
• Attention to Detail: Since the transferring of information is quite large, accuracy should be a top priority.  
• Basic Computer Skills: Basic knowledge of Microsoft Excel, Google Sheets and other CRM softwares is mandatory.  
• Time Management: Frequent deadlines make data entry highly deadline driven and, thus, a high level of organization is required.  

Advantages of Remote Data Entry Jobs  

• Flexibility for Students: Data entry positions often come with flexible hours, allowing students to easily balance their studies and work.  
• Low Skill Barrier: Data entry positions generally do not necessitate in-depth training or experience, which provides opportunities to various individuals.  
• Consistent Requirement: Businesses heavily depend on data entry for maintaining essential records and managing inventory databases.

Cons of Data Entry Remote Jobs

• Reduced Compensation: The requirement of very few skills needed for a data entry position usually results in lower pay compared to other remote jobs.
• Monotonous Working Processes: The data entry tasks may be over-simplified by many people which over time may result in lack of challenge.  
• Minimal Advancement Opportunities: Although data entry provides job security, there is more limited advancement potential and less skill acquisition than in more advanced technical positions.

What are Crypto Remote Jobs? 

Crypto remote jobs can include anything from cryptocurrencies, blockchain technology, and even the world of decentralised finances. 

With the advancements in technology and the introduction of digital currencies including Bitcoin and Ethereum, remote jobs have emerged in crypto trading, blockchain development, content creation, and various other fields. Companies hiring remote workers for data entry and also discord moderator jobs.

Skills Required for Crypto Jobs 

• Blockchain Technology Knowledge: For many of the jobs in the industry, blockchain knowledge is fundamental, especially regarding smart contracts and distributed ledger technology (DLT). 
• Programming Skills: Many crypto jobs, especially those in blockchain development, will require employees to have some knowledge in coding with languages such as Solidity, Python and JavaScript. 
• Financial Knowledge: Roles in crypto trading and Web3 investment will require a significant amount of knowledge about the world and strategies of financial markets. 
• Analytical Thinking: Most of the tasks related to crypto require studying the trends, data, and risks related to the market which heavily draws upon analytical skills. 

Pros of Crypto Remote Jobs 

• High Earning Potential: Most jobs related to crypto pay more, especially in the more technical industries like blockchain development and crypto trading. 
• Emerging Industry: The emerging world of cryptocurrency is evolving at a rapid pace, providing new opportunities in new technologies and financial systems.
• Professional Opportunities in DeFi and Blockchains: Professionals in the cryptocurrency space have the option of working on projects' such as decentralized finance (DeFi) or developing blockchains that have a multidimensional impact toward the global financial ecosystem. 

The Disadvantages of Remote Work in Crypto:

• High Market Volatility: Crypto markets are known for their extreme volatility, therefore greatly affecting job security based on market performance. 
• Requirement of Prior Experience: Getting a job in the crypto sphere usually entails having considerable prior experience, which can be daunting for first-timers. 
• Lack of Governance: The neo-cryptic space is still largely ungoverned and unregulated, having no boundaries defining workable scope could lead to frigid legal issues that hinders career growth for any professional operating within this domain.

Data Entry vs. Crypto Remote Jobs: Key Comparisons

Potential Earnings

Data Entry: The hourly pay for data entry work usually sits between $10 and $20, based on the individual's experience and the specific industry. This remote work offers a consistent paycheck, but is often lower than other remote work opportunities.

Crypto Remote Jobs: Blockchain development positions or even crypto trading and DeFi roles offer remote positions with incredibly high salaries. These experienced professionals can make anywhere between $50,000 to over $150,000 a year.

Skills and Learning Curve

Data Entry: Data entry is an easy skill to obtain with little training or education. Basic typing skills or some knowledge of office software can make this a good first remote job.

Crypto Remote Jobs: Specialists in blockchain technology, programming, and some form of financial analysis are needed for these roles, making them harder to enter. The learning curve can be steep if starting without prior knowledge in these areas.

Job Stability and Market Demand

Data Entry: There is broad and ongoing market need for data entry positions across most industries, especially healthcare, finance, and ecommerce customer services. Basic data entry work may not be the most lucrative or offer much growth, but it is stable work.

Crypto's Volatility: High-Paying Remote Jobs in Cryptocurrency - Crypto jobs are likely one of the highest-paying remote jobs, since they are associated with the ever-volatile cryptocurrency market. This suggests that there is medium job security depending on the fluctuations of the market. Though, there is still growing demand for crypto as the blockchain technology becomes mainstream in many sectors.

Long-Term Progression Opportunities

Entering Data: The scope for growth in this position is very limited but one can increase skills into an office management or data analysis role with time.

Crypto Remote Jobs: Jobs in the cryptocurrency sector provide the highest potential for growth in comparison to remote jobs. Career paths are available in blockchain development, DeFi consultancy, and project management.

Balance Work and Free Time

Transcribing and Entering Data: Data entry positions offer the most flexibility in completing tasks. One is free to choose which shifts to work. However, the tasks are highly repetitive and lack mental challenge.

Crypto Remote Jobs: Cryptocurrency experts, freelancers, and even self-employed professionals set their own hours which allows them to have flexible working hours. However, staying on top of emerging trends in the market requires dedication and long-term active studying. This creates extra demand for not only creativity, but also strong analytical skills.

Which is Better for You?

For Inexperienced Specialists: 

If you are at the bottom of the career ladder, the remote job market seems overwhelming, and data entry positions are the most accessible, entry level jobs, data entry may provide optimal flexibility on where or when you work. The skills required for the position are basic and can be learned quickly.

For Experienced Specialists:

For individuals experienced in technology, programming, or finance, consider applying for remote jobs in crypto, as they tend to pay more and offer further advancement opportunities. The crypto market is booming; an industry characterized by multifaceted and agile emerging enterprises that reward refined competencies.

For Professionals Seeking Job Stability: 

Those more concerned with having a consistent job and income may find the upper level of a data entry position more appealing. While crypto jobs can be quite rewarding, they pose a greater risk due to the unpredictable nature of the economy.

For Blockchain Enthusiasts: 

In contrast, crypto remote jobs are better suited for those interested in working with new, advanced forms of technology, such as blockchains, cryptocurrency trading, or decentralized systems.

Wrapping Up

All in all, IT jobs like data entry and those revolving around crypto offer the possibility to work remotely and enjoy a flexible schedule. However, each option caters to a distinct group of individuals. Entry level crypto jobs are labor intensive but are without many entry barriers including required IT qualifications, making them ideal for those looking for an easily obtainable steady job. 

On the contrary, if you are willing to learn new skills and possess the determination and discipline needed in remote jobs associated with cryptocurrency, then high paying remote positions in the crypto industry might be a fit for you.

Frequently Asked Questions

Is Data Entry a Good Career for Beginners?

Absolutely, because of the little requirements for employment, data entry is a great place for any beginner to gain experience. 

Can You Make a Lot of Money in Crypto Jobs?

Yes, professionals working in the crypto industry out-earn data entry employees by tremendous margins, especially in lucrative positions such as blockchain developers and crypto traders.

What Skills Do I Need for Data Entry Jobs?

Applicants should be able to type well, follow detailed instructions and possess basic IT skills including knowledge of Excel and Google spreadsheets.

What Qualifications Are Needed for Crypto Jobs?

Crypto positions typically require one to have some form of expertise in the technology of blockchain and cryptocurrencies in addition to the skilled knowledge of market trends. Coding requirements depend on the role.

Which remote job is more secure: Data Entry or Crypto?

Crypto jobs are subject to market volatility, while data entry, as with most administrative roles, is generally more stable and secure.