Blockchain Developer Hourly Rate (2024)

Blockchain Developer Hourly Rate Distribution

Average Blockchain Developer Hourly Rate:

$81-100

Median Blockchain Developer Hourly Rate:

$61-80

Blockchain Development & Hiring

Blockchain is an electronic ledger that can be openly shared among users to create an unalterable transaction record. Blockchain engineers have to design protocols, plan for adversarial incentives, and do loads of assumptions testing. In 2017, blockchain developers ranked second among the top 20 fastest-growing job skills. Between 2016 and 2017, there was a 115% increase in job postings for blockchain developers, who are versed in JavaScript, C++, Python, cryptography, and/or machine learning. Blockchain developers typically charge $81-100/hr, on average. As the demand for blockchain developers continue to increase, their hourly range may increase as well.

When hiring Blockchain developers, be sure to also consider the difference in hourly rates for different engagement types, such as temp, part-time, and freelance. Developers that are hired for full-time jobs may charge different rates if you want to someone who is available on-site versus fully remote.

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How to negotiate Blockchain developer hourly rates?

Whether you already have a development team or want to build a new one, hiring a skilled freelance Blockchain developer can help accelerate your projects. The key factor when considering a freelance Blockchain developer is your budget – how much you have and how much you're willing to invest. The hourly rates of Blockchain developers can vary based on their location and your project's scope.

Let's begin with location. Hiring remote developers offers the advantage of choosing from various geographic locations and time zones that align with your project requirements. For instance, if most of your development team is based in North America, you might want to explore freelance Blockchain developers in the United States, Canada, or Mexico for better worktime overlap. On the other hand, if you're on a tighter budget, consider working with freelance Blockchain developers in South American countries like Argentina, Brazil, or Colombia, or in Asian countries like India, the Philippines, and Malaysia. Hiring freelance developers outside North America often allows for negotiation of lower Blockchain developer hourly rates.

Another significant factor influencing the Blockchain developer hourly rate is your project's scope. Typically, more complex projects mean higher overall costs. However, if you plan to engage with your freelance developer for an extended period, you can discuss a reduced Blockchain developer hourly rate. Providing freelance developers with a consistent flow of projects incentivizes them to lower their hourly rates.

To accurately determine the total cost, have a detailed discussion about your project with your freelance developer. Ensure you convey your ideas comprehensively, which will enable your freelance developer to provide a precise Blockchain developer hourly rate estimate. While estimating development timelines can be challenging for lengthy coding projects, offering the developer as much detail as possible will help align the estimate closely with the actual cost.