Interest in cryptocurrency, which started through Bitcoin, is skyrocketing. More influencers and creators are realizing the potential of this digital currency to grow their business. While cryptocurrency information is easily obtainable, there’s still a wide gap between understanding the information and applying it properly. This is where crypto consulting services and blockchain consultants come in.
Since the industry is young, there are also a lot of rogue “cryptocurrency consultants” who take advantage of unknowing individuals. We’ve compiled a list of the leading crypto consulting firms with top services to help you choose a crypto consultant safely and wisely.
Top 10 Crypto Consulting Services:
The Role of Crypto Consultants
Blockchain is a decentralized network of peer-to-peer databases containing transactional records called blocks. The decentralized digital ledgers of information results in fast, smooth, and secure transactions. Each transaction requires a digital signature to prevent fraud and data corruption.
Blockchain is a growing technology that is increasingly becoming user-friendly. It is the underlying structure powering cryptocurrency and the rise of NFTs. It is useful in various industries like finance, healthcare, supply chain management, real estate, retail, and hospitality.
While it’s easy to understand the benefits of blockchain, very few understand how to use it. Blockchain consultants and crypto consulting firms help businesses understand the technicalities of using blockchain. They help their clients discover the opportunities to apply this ledger technology.
Some crypto consulting firms also advise on the best cryptocurrencies to invest in. However, investors should note that these consultants are not regulated, unlike personal finance planners. Caution must always be exercised since cryptocurrency is a highly volatile market.
Crypto Consultants provide the following services:
Identify blockchain problems
Crypto consultants help businesses identify existing problems and understand how blockchain can solve them.
Update market trends
Technology is rapidly evolving, and businesses must know what’s ahead to stay on top of the competition. Crypto consultants provide these insights to business owners.
Discover the best use case
Blockchain can be used in different scenarios, but there’s an optimal application. Crypto consultants help their clients identify these best use cases to maximize their investments.
Crypto consultants are experts who can help their clients discover the best blockchain network for their organization.
Crypto remains to be a risky new world. While blockchain is a technology that’s here to stay, other blockchain applications such as tokenization pose great risks. It’s possible to mitigate these risks by anticipating them and preparing ahead of time. A good crypto consultant will identify these hurdles and present countermeasures.
A crypto consultant’s years of experience help them see how other blockchain applications can further improve the value of their client’s business. Consultants make these recommendations to help their clients exhaust all possible benefits from their blockchain investment.
Qualities of a Good Crypto Consulting Firm
Crypto consulting is a lucrative business, and crypto consulting services abound. To distinguish the good from the bad, here are the qualities you should look for:
Always check a firm’s reputation before engaging with them. Read the reviews of past clients both from the firm’s website and from independent channels. Check their social media presence. Positive reviews reflect a firm’s competence, while negative ones reflect a lack of expertise.
How many and who are the firm’s past clients? Experienced crypto consulting firms will have a list of past projects which you can independently verify. Check what crypto advisory services they’ve successfully delivered in the past to gauge if they are the right fit.
Crypto consultants demonstrate their knowledge by the content they publish. Does their site share well-researched articles and whitepapers that help educate the public about cryptocurrencies and blockchain? Providing helpful content is a good way to showcase thought leadership.
Crypto consultants should be able to provide timely services. Check if they match your availability schedules and if you can easily reach them on their official channels.
Despite the growth of blockchain technology and the popularity of cryptocurrencies, crypto consulting services may cost a fortune. Look for one that fits your budget and can work within the scale of your needs. As blockchain technology matures, consulting services’ prices become more reasonable.
Aside from the qualities listed above, every crypto consultant must exhibit knowledge about the following areas.
Smart contracts are self-executing virtual agreements. One of their many uses is in making NFTs. They contain the rights and obligations of each party involved and allow simultaneous execution of each party’s obligations. Every crypto consultant must know how to create and execute smart contracts.
Blockchain technology presents its own challenges and risks. A good crypto consulting firm will know these and present solutions to overcome them. They must also display knowledge of the basic crypto platforms like Ethereum, Hyperledger, and R3Corda. This would allow them to advise on the best solutions suited for your business.
Blockchain technology is still susceptible to hacking and other security breaches. A good crypto consultant will know about various security requirements and the legal environment that governs blockchain. At the minimum, they must demonstrate how to make public and private cryptography keys.
Decentralized networks, also called distributed technology, are the foundation of smart contracts and blockchain. A crypto consultant must display extensive knowledge regarding this concept to understand how to implement and maintain it.
10 Consulting Firms with Top Crypto Consulting Services
Crypto consulting companies offer different kinds of services. Some firms help with project analysis, crypto strategy creation, education training, and risk consulting. Others specialize in custom application development and PoC (proof of concept) creation.
When choosing a crypto consulting firm, determine your objectives first before approaching one that offers the service you need. Here are 10 crypto consulting firms that you can consider.
TokenMinds offers blockchain consultation, asset tokenization, blockchain development, NFT creation, and crypto marketing. They help businesses and entrepreneurs enter and thrive in the blockchain space. Apart from giving advice, they also provide turnkey digital currency solutions.
They have an impressive list of clients and past projects as well as features in various media publications. Their consulting services can be purchased a la carte or customized for unique projects.
They are a multi-awarded firm led by young visionaries and founded five years ago. Their technical and professional experts understand how critical cryptocurrency marketing is to a business’s success, and this propels them to promote and grow their clients’ token sale projects.
2. Crypto Consultant
Crypto Consultants is composed of financial and legal experts with vast experience in electronic payments and accounting. They help clients navigate regulatory and compliance aspects related to ICO (initial coin offerings). Their consulting firm helps ensure that an ICO is compliant with regional, national, and international law. They guide clients throughout the ICO process, white paper creation, and any other required documentation. They also help determine if a project is viable.
They also offer ICO Marketing Services which include digital analysis, website design, and content creation. They help ensure that before launching an ICO, you’ve prepared the requisite marketing strategies.
Boosty offers more than just crypto consulting. Their 10-year experience in fintech and blockchain allows them to offer a wide assortment of digital solutions such as fintech products, cloud applications, and blockchain solutions.
Their blockchain solutions include crypto asset design and implementation, decentralized storage, smart contract development, private keys cold storage infrastructure development, and crypto wallet development.
Established by a serial startup founder, Boosty is a reliable and experienced partner for startups aiming to grow in the blockchain space. Their expertise has also helped them land global brands like Samsung, Vodafone, and Alfa Bank.
PixelPlex offers full-stack blockchain development. Since 2013, they have been helping businesses and startups become more efficient with secure blockchain solutions. They offer blockchain consulting and help companies identify inefficiencies that can be strategically resolved with blockchain.
They help clients become game-changers in their niche through NFT creation, tokenization, and DeFi systems. If you have a blockchain project idea, they turn it into practical and compelling solutions. They also help estimate the solution’s economic feasibility and test numerous scenarios to provide a comprehensive picture.
PixelPlex has more than nine years of experience in blockchain development, with more than 80 projects implemented. They’ve worked with various clients from different industries like sports, health, and logistics.
L+R combines design and cutting-edge technology in bringing innovative solutions to their clients. The firm aims to maximize utility while maintaining a balance between aesthetics and strategy. Together with Blockchain Consulting, they offer Branding, Mobile Development, Strategy Consulting, and UX Design.
L+R serves clients in the luxury goods and fashion industry, consumer goods, technology, non-profit organizations, retail, hospitality, and real estate. Aside from strategic consulting, they help clients develop smart contracts, non-fungible tokens (NFTs), mobile wallets, and DAO (decentralized autonomous organizations).
Bitdeal is an enterprise blockchain solutions provider whose mission is to help aspiring entrepreneurs, startups, and business owners create inventive solutions that will eradicate their current pain points. They specialize in creating blockchain solutions to give their clients an edge over the competition.
Their skills include blockchain development, NFT development, metaverse development, and cryptocurrency development. The company was established in 2015 and has delivered 500 successful projects to 500 clients worldwide.
During its early years, Bitdeal mostly dealt with exchange development creating cryptocurrency exchanges that have been widely recognized and adopted by crypto enthusiasts. Since then, they’ve expanded their services and introduced NFT Solutions, DeFi Development, and Blockchain Development.
Their Blockchain Development Services include Smart Contract Development, Token Development, and Blockchain Game Development.
7. EY (Ernst & Young)
If you are not yet in the implementation phase and looking for a more traditional consulting service, then EY is the crypto consulting firm you’re looking for. Their team of global blockchain leaders will help you answer preliminary questions such as:
- How blockchain can unlock value in your organization
- How blockchain will affect your organization in the next couple of years
- The taxation and legal implications of blockchain to your company
- The barriers to adopting blockchain in your organization
Ernst & Young Global Limited, which does business as EY, is a multinational professional services network considered one of the largest in the world. They provide various consulting services with a primary focus on taxation and legal services.
With the rise of blockchain, they’ve started to offer blockchain consultancy services to help their clients navigate the tides of this new technology.
8. BCG (Boston Consulting Group)
The Boston Consulting Group (BCG) is Another global consulting firm that has recently started offering crypto consulting services. Like EY, they help organizations understand the implications and uses of blockchain for their firm. They guide their clients to pinpoint organizational challenges that can be addressed using blockchain.
Blockchain is a revolutionary technology that can help a lot of businesses improve their services and organization. However, implementing it is a complex and difficult issue. Traditional consulting groups like BCG help their clients navigate this complexity.
BCG helps its clients realize the potential of blockchain through a 4-step process. This includes:
- Blockchain Workshops aimed at teaching participants about blockchain through case studies
- Innovation Sprints, where participants identify how blockchain can help their companies
- Blockchain Proof of Concept Development, where BCG helps their clients create a blockchain concept and test its viability
- Blockchain Commercialization, where participants create a roadmap for implementation of their blockchain concept
9. Leeway Hertz
Leeway Hertz is a seasoned digital company that builds software solutions using emerging technologies like blockchain for startups and enterprises. Established in 2007, it delivered the 1st commercial app to the App Store. Its mission is to help companies adopt new technologies in the simplest way possible.
Their blockchain consulting services help clients identify the right blockchain protocol suited to their needs. They’ve helped more than 125 startups and enterprises become successful with blockchain applications.
Some of their notable projects involve logistics web platform development, NFT marketplace creation, blockchain media content management, and blockchain development.
CryptoConsultz was the result of a problem looking for a solution. In 2016, 323 ETH was stolen by a hacker from Nicole DeCicco. At that time, she mined Ethereum in her garage. The unfortunate incident made Nicole realize how important crypto security is. This pushed her to open a cryptocurrency education company to make crypto knowledge more accessible.
CryptoConsultz offers services for personal investors and businesses. For personal investors, the firm conducts comprehensive cryptocurrency training and offers portfolio management. For businesses, they offer a one-stop-shop crypto solutions provider. Their business services include tokenization, crypto payments and custody solutions, project management, marketing, legal and regulatory service, charitable giving, mining, and token development.
CryptoConsultz has helped over 225 clients and has been featured in several media publications. They have straightforward consultation packages, and you can shop on their website for the number of hours you’d need their services. Hours are consumable over six months.
Blockchain technology is an exciting and disruptive innovation. There are many potential applications, and the benefits far outweigh the risks. Creators are in a rush to create the next best-selling NFTs. Crypto consulting services help individuals and enterprises understand and maximize this new technology.
If your business has ever wondered if blockchain is the solution you’ve been waiting for, then get in touch with one of the consultants presented above. Look for the one that best suits your needs at the moment. Create a shortlist and reach out to them. Evaluate their proposals and go with the one that offers the best value.
Investing time and resources in blockchain today will help propel your business forward and keep it ahead of the competition. At least, take the time to understand this innovation before others beat you to it.
Frequently Asked Questions
What is a cryptocurrency consultant?
A cryptocurrency consultant is a professional who guides clients to make successful, well-informed, and compliant cryptocurrency transactions. They protect their clients from illegal and unethical crypto practices.
Crypto consultants provide comprehensive guidance ranging from strategic consulting, tokenization, smart contracts, and blockchain applications development.
How do I find the right crypto consulting firms?
Crypto consulting firms abound, and you must carefully choose the ones whose services fit your needs. Check their reputation and services. Read customer reviews and research the company further to reveal reviews on other websites.
We’ve handpicked the top 10 crypto consultants with top services to help you decide on the right one for you.
What services do crypto consulting firms provide?
Crypto consulting firms provide the following services:
- Blockchain Consulting
- NFT Development
- NFT Market Development
- Blockchain Development
- Tax and Regulatory Consulting
- Smart Contracts Creation
- And many more