Cryptocurrencies are volatile, which makes investing in them a daunting endeavor for many potential investors and crypto enthusiasts. And while crypto can be unpredictable, 97% of users consider these digital assets to be a safe and viable way to generate income.
Furthermore, crypto goes beyond just being seen as a hobby. According to a 2021 Binance research, 52% of users consider crypto as a source of income. And a more recent report by Binance in 2023 continues to highlight the significant role of cryptocurrency as a source of income for users globally. In fact, for 15% of users, cryptocurrencies are their primary source of income.
Despite the sheer amount of resources available, understanding and properly using cryptocurrencies still remains a tough challenge, especially for newcomers to the trade.
As the world opens up to the use of digital currencies in business transactions and as investment vehicles, how can you make better, smarter decisions when it comes to understanding, using, and managing cryptocurrencies?
In this article, we’ll talk about crypto consulting services, what they are, and how they can help you make sound investment decisions.
Key takeaways
- Crypto consulting services offer specialized guidance on how to navigate crypto investments and blockchain projects, providing expertise in areas like tokenomics, marketing, and risk management.
- Choosing a crypto consulting firm involves assessing their reputation, portfolio, communication skills, and availability to ensure they align with your needs and objectives.
- Crypto consultants can help with launching tokens, developing blockchain strategies, and understanding market risks to improve investment decisions.
- Leading crypto consulting firms include Coinbound, TokenMinds, LeewayHertz, and PwC, each offering tailored solutions for companies and individuals venturing into the crypto space.
What Are Crypto Consulting Services?
Simply put, crypto consulting or crypto advisory services are specialized firms that help companies and individuals have a better understanding of cryptocurrencies and how they can leverage these digital currencies.
Diving into cryptocurrencies has a steep learning curve.
Where and how do you start? Which cryptocurrencies should you invest in? Should you invest in crypto in the first place?
Crypto advisory services have experienced professionals, who work in fields like finance and marketing and who have experience in the crypto and blockchain fields. These crypto consultants work closely with their clients, making assessments, such as what their client’s needs are, and taking into account their client’s goals and objectives.
One of the main functions of crypto consulting firms is to help companies launch blockchain-related initiatives, such as launching their own tokens, developing tokenomics strategy, marketing NFTs, and creating business plans for the digital asset ecosystem. Some crypto consulting services also offer their expertise when it comes to product management, coming up with regulatory and marketing strategies, and offering implementation support.
Furthermore, crypto advisory services can provide assistance in forecasting the crypto market, giving you valuable insights that can increase your chances of making a profit off of your investment.
Because of the volatile nature of cryptocurrencies, there’s bound to be some risk involved. Crypto consultants can also lend their expertise in identifying potential risks and offer solutions to mitigate the effects of such risks.
Choosing the Right Crypto Consulting Firm
With the sheer multitude of crypto consulting services on the market, how do you choose the right one?
Aside from being knowledgeable about the crypto market and having technical skills, such as an in-depth understanding of blockchain technology and digital contracts, below are some of the qualities to consider when choosing a crypto advisory firm:
Reputation
A good crypto advisory firm should have a good market reputation. Check their website to see their portfolio of completed or ongoing projects, as well as to explore reviews and ratings from their clients.
Aside from providing you with diverse crypto-related services, they should have experienced and skilled crypto consultants onboard who can help you achieve the results you want and get excellent returns on your investment.
Solid Portfolio
Check the firm’s portfolio to find out who they’ve worked with. Doing so will help you determine whether or not the firm is the right fit for your needs.
Ability to Communicate Clearly
The world of crypto is filled with jargon, many of which can be difficult to understand. A good crypto advisory firm should have consultants who can clearly explain these concepts in terms that you can easily follow, even if you don’t have a background in tech, marketing, or finance.
Accessible
Your needs and the crypto market can change at a moment’s notice, which is why it’s crucial to opt for a firm that’s easily accessible. Check if your firm can accommodate your schedule and if you can easily reach your consultant when you need their assistance.
Top 10 Crypto Consulting Services Companies
Coinbound
Companies looking for industry-leading consulting services for marketing blockchain and crypto products will find Coinbound a great partner.
Coinbound is one of the world’s leading crypto marketing agencies and consulting firms. Coinbound has helped major crypto brands like Sui, Gala, Immutable, eToro, and more with go-to-market strategy and general consulting. Aside from crypto influencer marketing, PR, Twitter management, SEO for Web3 marketing, and Web3 blog management,
Coinbound also offers a Web3 Fractional CMO.
Coinbound’s Fractional CMOs have managed marketing campaigns for companies like Litecoin and Nexo. They can also help Web3, crypto, and NFT businesses craft actionable business plans and marketing initiatives, all while factoring in the company’s unique challenges and goals.
Best of all, Coinbound’s Fractional CMOs offer in-depth Web3 marketing skills and expertise without the costs of hiring a full-time executive.
TokenMinds
TokenMinds is an award-winning one-stop crypto advisory service that offers crypto marketing, NFT marketing and development, token sales, blockchain development, and crypto consulting services. For instance, TokenMinds’ token sales services help companies craft optimized token sale strategies.
Meanwhile, its blockchain development services provide companies wanting to get into the crypto and blockchain industries with services such as smart contract development and audit, cryptocurrency development, crypto wallet development, and blockchain product development.
It also offers blockchain development consulting for companies across industries like healthcare, real estate, and finance. Its blockchain development services cover different digital currencies and blockchains, including Ethereum, Binance Chain, Polygon, and Solana.
Some of its clients include Atlant, Birdchain, Remme, Capdax, and Ebakus.
LeewayHertz
With over 250 full-stack developers and more than 50 blockchain solutions deployed, LeewayHertz gives businesses access to some of the industry’s top blockchain experts and consultants. Whether you’re looking to enter the space or create a new blockchain or Web3 product or service, LeewayHertz can help you craft a custom strategy, find the right technologies to use, and develop your blockchain project.
The company works on several blockchain development platforms, including Ethereum, Stellar, Hyperledger, Corda, and Tezos. Some of the projects it has worked on include the FileCoin dashboard for FileCoin users, a custom NFT marketplace platform, and a comprehensive blockchain-powered monetary system. To date, the company has worked with more than 125 startups and enterprises.
The LeewayHertz blockchain experts will be with you every step of the way, from ideation to integration and development. They even conduct blockchain workshops and live webinars to help companies have a better understanding of what blockchain technology is, how it works, and how it can help your business.
Crypto Consultant
Crypto Consultant focuses on helping clients develop and launch their initial coin offerings (ICO). This crypto advisory firm is composed of financial consultants and ICO attorneys who specialize in different aspects of crypto legal services, compliance, and administrative services, among other services.
It also offers ICO marketing services, ICO launches, and company registration. Crypto Consultant experts can help you with financial analysis, market research, and writing your ICO whitepaper. Furthermore, its team of attorneys can provide you with legal advice to ensure that your ICO complies with industry rules and regulations.
PixelPlex
Founded in 2007, PixelPlex started as a web and mobile software development company. In 2013, it has branched out to become a leader in the blockchain development domain, providing companies and startups with complete and secure blockchain solutions.
The company offers blockchain consulting services, which cover aspects such as business case, workflow analysis, and DLT feasibility study. Aside from blockchain consulting, PixelPlex also offers blockchain development services, which include blockchain architecture design, smart contract or chain code development, and dApp development and migration.
It helps companies build turnkey DeFi solutions, audit smart contracts, and develop NFTs, crypto wallet solutions, and blockchain games. Additionally, PixelPlex offers blockchain training, helping business owners gain a deeper understanding of blockchain technology. Its blockchain training courses are also designed to help blockchain developers advance their careers, as well as enable investors to identify successful blockchain projects.
PixelPlex works on several blockchain platforms, including Cardano, Ethereum, Hyperledger, and Solana.
Ernst & Young
Ernst & Young (EY) is one of the world’s biggest accounting firms. It has started to offer blockchain consulting services and other blockchain solutions to help companies adopt the technology into their own organizations.
It follows a unique approach to blockchain and begins with a maturity assessment for companies to build organizational awareness, develop a road map, and support implementation. Some of its blockchain solutions include an EY OpsChain Contract Manager, an EY Blockchain Analyzer: Smart Contract & Token Review, and an EY OpsChain Traceability.
Furthermore, its consulting group can help you answer important blockchain-related questions, such as how the technology can add value to your organization, how it can potentially impact your organization in the coming years, and what the challenges are preventing your company from adopting blockchain technology.
PwC
PwC is one of the world’s largest accounting firms and professional services networks. Like EY, it has also started to offer crypto advisory services and solutions, which include helping organizations tokenize their assets, developing platforms for NFT minting, and creating their own metaverse.
Its crypto advisory services are designed to help organizations adopt and leverage blockchain technology and crypto applications, from ideation to launching and scaling their crypto and blockchain offerings.
CryptoConsultz
Nicole DeCicco started CryptoConsultz when 323 ETH tokens were stolen from her in 2016. As a result, DeCicco wanted to make crypto and blockchain education more accessible to others. To date, CryptoConsultz has 225 clients and 15 strategic partners.
As a crypto advisory firm, it offers a range of crypto advisory services and solutions for individuals, blockchain organizations, and businesses looking to embrace and leverage blockchain technology.
For personal investors, CryptoConsultz offers services such as general crypto and blockchain education, crypto fraud evaluations, and portfolio management. For businesses, the firm offers solutions for creating and utilizing crypto tokens, such as token development, token launches, crypto security, and project management. CryptoConsultz also offers legal and regulatory services, including legal and regulatory support and access to crypto CPAs.
DeBlanc + Murphy
DeBlanc + Murphy is a full-service accounting firm that also offers crypto consulting services. Since 2015, it has been working with several entities in the cryptocurrency space, including crypto exchanges, ICOs, and individual traders. Its crypto consulting services include helping clients build a portfolio of their cryptoassets, diversifying their investments, and offering assistance for crypto-related tax and advisory needs.
Boston Consulting Group
The Boston Consulting Group (BCG) helps organizations unlock and leverage the potential of blockchain technology. It has helped several clients adopt and make use of blockchain technology, including Tracr and the United Nations World Food Programme.
As part of its blockchain services and solutions, BCG enables organizations to answer key questions, such as whether or not they should create their own blockchain solution or utilize existing platforms, as well as how they can build and launch their own blockchain solutions.
BCG employs a four-step process to help organizations better understand and harness the power of blockchain technology. The process begins with a blockchain workshop, followed by innovation sprints designed to help companies build their own blockchain strategy. That’s then followed by the development of a blockchain proof of concept (PoC).
Lastly, BCG helps organizations develop and deploy their own blockchain solution.
Wrapping Up: The Best Crypto Consulting Firms and Advisory Services
Crypto consulting services help different organizations have a better grasp of crypto and blockchain technologies. Aside from giving them guidance on which investments they can make, these firms enable companies to develop crypto and blockchain strategies, mint and launch NFTs, develop and launch their own tokens, and tap into the opportunities that this emerging technology brings.
FAQs
What are crypto consulting firms?
Crypto consulting services are companies that are typically composed of financial experts, blockchain developers, project managers, and marketing experts. They offer services and solutions that enable companies to adopt and leverage crypto and blockchain, as well as develop and launch blockchain-related initiatives.
What are some of the best crypto consulting services?
Some of the best crypto advisory services that are worth looking into include Coinbound, TokenMinds, PixelPlex, CryptoConsultz, and PwC.
How can crypto advisory services help companies that are interested in breaking through the crypto and blockchain space?
Crypto consulting services offer a range of custom solutions that help companies assess their need for their own blockchain or crypto solutions, create a corresponding strategy for development, execution, and marketing, access legal and regulatory assistance, and manage their blockchain and crypto-related initiatives, among other solutions.
Furthermore, these firms can help you have a better understanding of these emerging technologies, how they work, and how you can potentially benefit from them.
