A cryptocurrency is a virtual or digital currency that is created and managed through advanced encryption techniques known as cryptography. Today, many people have heard of cryptocurrencies, but few know much about them. Tens of millions of people use it every day, but most have little idea how they work.
If you’re serious about making money trading cryptocurrencies, consider getting certified. An increasing number of professional trading platforms, exchanges, and consulting firms offer certifications that certify your level of skill, experience, and knowledge. It usually focuses on two aspects: the knowledge of blockchain technology and the understanding of cryptocurrency. Cryptocurrency certification is a kind of recognition from the industry. It helps you to prove that you are an expert in this field.
The process for earning a certification can vary depending on which program you’re looking at. Some programs are offered by schools, while professional organizations provide others. But there are some commonalities across the board.
Steps on how to get a CCT certification
To become a successful trader in this field, you will need to pass a multiple-choice test out of 100 marks to prove your know-how in various aspects of the industry. During the test, you will be required to answer true or false questions about digital currency. There are no trick questions. It’s all pretty straightforward stuff. The test takes approximately two hours to complete, so make sure you can spare the time if you want to earn your certification. To pass, you need to learn crypto and understand what they are.
The major problem most people face is that they are not aware of the suitable sources and channels through which they can gain the required knowledge. Nowadays, many online sites offer training to those who want to become proficient in trading. You will come across many sites providing these facilities, but you need to make sure that you approach only genuine providers, which will help you pass the test.
Reach the passing score
The passing score is 60 or above, and there is no time limit for completing the exam. There’s no penalty for guessing, and you can change your answers before submitting your final score. Every time you take the exam, it will be different – they do not store your previous answers.
If your score isn’t high enough, they will notify you by email after and give you another opportunity to retake the test; however, you will need to wait for 24 hours before taking another exam. Once you have passed the exams, you will receive a certificate. Also, you can’t take the exams more than three times.
Pay someone to do it for you
There is also an easy way to do it: pay someone else to take the test for you. If you’re looking to get certified for the platform, there’s a good chance someone out there will help you out.
Many people advertise their services as exam proctors on Telegram, a popular messaging app in the crypto community. To become an “exam proctor,” you have to be willing to take the test in place of whoever is paying you.
Types of cryptocurrency traders
There are several types of cryptocurrency traders. Some traders prefer to use technical analysis when trading cryptocurrencies. Technical analysis involves using charts to predict price movements. Technical analysis is used by traditional stock traders as well.
Other traders like to go with more fundamental analysis when deciding on which cryptocurrency to buy or sell. Fundamental analysis involves looking at the development team behind the cryptocurrency, examining their record, and checking for important announcements that may affect the currency’s value.
There are other ways people trade cryptocurrencies, such as by making predictions about future events that influence cryptocurrencies or simply buying a cryptocurrency because they think it will be worth a lot in the future.
Certifications are available at three levels
This certification is designed for professionals who have no prior experience with cryptocurrencies but are interested in learning more about them. It provides an overview of blockchain technology, mining, and trading cryptocurrencies with exchanges.
The advanced certification builds on top of the introductory coursework. It is ideal for experienced professionals interested in learning more about the technical aspects of cryptocurrency trading and blockchain technology. Certification holders will understand how blockchain works and its applications in industries outside of cryptocurrencies.
The master certification builds on top of the advanced coursework. It is not intended for someone who wants to learn the fundamentals of blockchain technology, cryptocurrency, and smart contracts.
Popular cryptocurrency certifications
The North American Bitcoin Conference is held annually in Miami. The conference is organized by the Bitcoin Foundation, a nonprofit organization that focuses on promoting cryptocurrency adoption across business sectors. Traders can earn digital badges for attending Bitcoin Foundation events and workshops.
Digital Currency Council
The DCC has two levels of certification: Digital Asset Investment Advisor (DAIA) and Digital Asset Management Specialist (DAMS). Both certifications require applicants to pass an 80-question multiple-choice exam testing their knowledge of cryptocurrencies, blockchain technologies, and investment management strategies.
The nonprofit advocacy group is dedicated to “promoting widespread adoption” of bitcoin and other digital currencies through public awareness campaigns, education initiatives, and government outreach programs.
Coinbase offers two levels of certification: “Associate” and “Certified Professional.” To achieve Associate certification, applicants must pass a 60-question multiple-choice exam testing their knowledge of bitcoin, blockchain technology, and financial regulatory compliance.
While having a cryptocurrency trader certification will not guarantee future success, it will be an indicator that the person has taken time out of their day to learn about cryptocurrency, which is admirable in its own right. If you feel that cryptocurrencies have untapped potential globally, then pursuing a certification might be worth your while.