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Bitcoin Developer Salary in the US and UK compare to Ukraine

While a tendency to outsource development across different locations beyond a home country is still hot, allowing startups in the USA and Western Europe to automatically save costs, source better technological expertise, accelerate time to market and do more for less, we’ve built a fresh guide to Bitcoin coders compensation in Ukraine, one of Eastern European leading pools of software development resources.

Bitcoin Developer Salary in the US

The average Bitcoin developer salary in the US is $102,220 a year and hourly rate is $63. Junior level positions start at $50,000 a year while most experienced programmers make up to $145,400 a year. These results are based on the salaries extracted from Indeed.com job descriptions in February 2019. The most of the developers are needed at the moment in:
New York, NY, Remote, San Francisco, CA

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Featured Bitcoin Jobs in the US

1 Spanish Copywriter
Demonstrable interest in Bitcoin and related technology. Competitive salary, with the option of payment in bitcoin....

2 Blockchain Developer
The crypto community has supported ProtonMail since 2014 when we raised over half a million dollars and many Bitcoins through crowdfunding....

3 Data Engineer
Kraken is one of the largest and most successful bitcoin exchanges in the world and we’re growing faster than ever....

4 Executive Assistant - Marketing Focus
Kraken is one of the largest and most successful bitcoin exchanges in the world and we’re growing faster than ever....

5 Director of IT & Security
Kraken is one of the largest and most successful bitcoin exchanges in the world and we’re growing faster than ever....

Bitcoin Developer Salary in the UK

The average Bitcoin coder salary in the UK is £55,760 a year and hourly rate is £34. Begginer level positions start at £35,800 a year while most experienced consultants make up to £82,400 a year. These numbers are based on the salaries extracted from Indeed.co.uk job descriptions in February 2019. The most of the developers are required today in:
London

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Recommended Bitcoin Jobs in the UK

1 Senior QA / Test Lead
We have a primary focus on growing Bitcoin SV as the global standard of currency. We are always looking for the next innovative use of blockchain technology and...

2 Crypto Currency Developer
Location London, England Sector: Development Job type: Permanent Salary: £30000 - £40000 per annum Consultant: Joseph Bees Contact email: joe.bees...

3 Director, Business Operations and Strategy EMEA
Kraken is one of the largest and most successful bitcoin exchanges in the world and we’re growing faster than ever....

4 Senior Software Engineer (Payments team)
A passion for cryptography, security and Bitcoin. Write clean, well-tested code that directly affects users, the company and the Bitcoin ecosystem....

5 Senior Software Engineer (Platform team)
A passion for cryptocurrencies like Bitcoin, and a desire to learn. Write clean, well-tested code that directly affects users, the company and the Bitcoin...

How much do developers make in other technologies? Take a look at JavaFX, Heroku, Symfony, Socket.IO, Firebase, Automation, OpenCart, Spark, API, Java, Force.com, WPF, Moodle, Bitcoin, TensorFlow, ReactJS, Kubernetes, SaaS

The True Cost of Hiring an In-house vs Remote Bitcoin Developer in Ukraine

Often hiring managers face the “in-house vs outsource” problem. The biggest mistake CTOs, CEOs, and startup founders make when choosing (and comparing) coders is: they forget the embedded costs. Actually, there are numerous and substantial costs involved in hiring and maintaining employees. An in-house developer (or any worker) is always more expensive than his salary when you factor in embedded costs which aren’t reflected in the employee’s salary:
  • employee benefits (+10%)
  • administration and infrastructure (+10%)
  • paid leaves (+10%)
  • training (+5%)
  • management (+5%)
  • recruitment (+10%)

The outsourcing partner has the same embedded costs (though maybe in less amounts). The only difference is it had already factored these costs into its price quote. So, let’s take a fresh look at the adjusted (salary + 50%) numbers.

PeriodUS vs UkraineUK vs Ukraine
1 dev/m$12,153$3,200£6,345£2,400
1 dev/y$145,830$38,400£76,140£28,800
10 devs/m$121,525$32,000£63,450£24,000
10 devs/y$1,458,300$384,000£761,400£288,000
US = United States, UK = United Kingdom
In this scheme, outsourcing to Ukraine is the most cost-effective choice.

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