The cryptocurrency industry has been growing exponentially in recent years with the most popular currencies, like Bitcoin and Ethereum, reaching record highs in the stock market. More and more crypto coins and tokens are being created each year, some are legitimate attempts at creating a decentralised digital currency, but others are not so trustworthy and could even be regarded as scams.
The rapid growth of the crypto market has prompted many financial businesses to invest in well established coins and has also had a lot of interest from small time individual investors who are getting started in the trading world.
Many people believe cryptocurrencies to be the future of money, and more so that the blockchain technology that supports it will be very important in the coming years, changing how banks and financial businesses operate, and improving supply chain management.
Because of this, many students are now looking to learn more about cryptocurrency, how it works, and what blockchain technology can really do. If you are one of these students, you can find out about more courses in Australia here.
If you plan to study in Perth however, we'll now take a look at some of the best courses to study crypto and blockchain available in the city!
What Institutes Offer Courses in Cryptocurrency in Perth?
Although Cryptocurrencies are becoming ever more popular and blockchain is gaining more attention as a revolutionary piece of technology; It can still be hard to find academic courses that teach students in depth about these topics, especially cryptocurrency.
However, there are a few options for those that can see the potential that this new industry brings at like-minded institutes which want to be involved with the future of technology.
In Perth itself there are some great choices of online crypto and blockchain training courses that can provide the knowledge to help students get a foot in the door and start working with cryptocurrency; Whether you want to begin trading Bitcoin, mining Ethereum, or create a new digital currency altogether.
Be Careful of The Risks That Come With Cryptocurrency Trading
Before we dive straight in though, it's important to recognise the risks that are involved in working with cryptocurrencies, especially when trading and investing in the market.
Bitcoin, Ethereum, and other popular cryptocurrencies have piqued peoples' interest largely because of the fact the there is a lot of money to be made for those who make the right investments at the right time; But this also means that people tend to lose money as well.
The markets that reflect cryptocurrencies' values is very volatile, and prone to drastic changes without much warning, and for seemingly minor reasons. For example, in June 2021 a simple tweet from Elon Musk sent the value of Bitcoin tumbling 4% and Ethereum's by 4.2%.
In the same month, China announced a ban on mining for cryptocurrencies due to environmental concerns, prompting what accounts to half of all Bitcoin mining globally to cease.
This volatility means that that you can never be sure of what the value of your investments will do next, one day it might be up by hundreds of dollars, and the next down by a thousand.
Because of this it is very important that you are well versed in trading and cryptocurrency markets before you commit money to it. Never invest money you can't afford to lose, and keep your financial security as your main priority.
The best way to make sure you are trading safely and is to undertake a training course that can help you to understand how cryptocurrencies really work, how blockchain supports them, and how to minimise the risks of investing.
University of Western Australia (UWA)
UWA is one of the only universities in Perth and Western Australia to offer units of study on blockchain technology. Other universities touch on the subject, but only briefly within IT undergraduate degrees.
The unit known as 'Blockchain Applications in Business' that UWA offers is also part of larger degree, namely 'Master of Business Analytics'. It lasts one trimester and is presented online.
This unit would teach you all about how blockchain technologies work and how it can be used in ways other than powering cryptocurrency.
Another unit that UWA offers is called 'Blockchain and Distributed Ledger Technology in Business'. There is an option to take this unit on it's own at UWA, and it will teach you about how blockchain is set to change many industries drastically, touching on it's use in cryptocurrency at the same time.
To search for more academic courses on cryptocurrency, you can look in Sydney.
The Knowledge Academy
Despite the lack of in-person academic courses available in Perth to study cryptocurrency and blockchain, there are still many options for you to take an online training course.
Many tech schools and institutes from around Australia and internationally provide training courses in crypto, allowing students to learn through a virtual classroom.
One such institute is the online tech training provider 'The Knowledge Academy'. They run courses both online and in person around cities in Australia, looking at a range of technology subjects from computer programming to cryptocurrency.
A course that may interest those of you who want to focus on Bitcoin through the duration of your studies is their course simply called 'Bitcoin and Cryptocurrency'.
This course is actually available through in person or virtual, instructor lead classes; as well as a self paced online course. It contains ten modules which you would look at in depth, starting with an introduction to cryptography and cryptocurrencies, and moving on to interesting topics such as:
- Bitcoin - How it works, how to use and store it, how to start mining for it, and how its decentralised
- Alternative cryptocurrencies and how they work together
- Community views on bitcoin, and mining puzzle games
The content that these modules cover will leave you with the knowledge of how to start working in cryptocurency and mining for bitcoin yourself, putting you in good stead to get involved with digital currencies once you have completed the course.
Find Reliable and Committed Private Tutors
Although there are not plentiful options for studying cryptocurrency and blockchain in Perth, there is an option that is open to students no matter where they live in Australia. That would be private tutoring.
Private tutors can be found in a lot of places, but it can sometimes be hard to locate a reliable and knowledgeable tutor when you are looking to study a specific subject. Here at Superprof, however, it is easy for students like you to find experienced and trustworthy private tutors in any range of subjects, from cryptocurrency to sewing.
You can discover which tutors are available for in person courses or individual classes on cryptocurrency, or check out hundreds of other tutors around Australia who offer their classes online.
Read more about Superprof cryptocurrency tutors by looking at their online profile and reading about their experience, you can also view any reviews left by previous students.
Working with a tutor gives you the benefit of flexibility in your learning. Tutors will work with you to find a time that suits both of your schedules, meaning you don't need to feel pressured to attend back to back classes like in a bootcamp or short course.
You also work with your tutor one on one, meaning you have a lot of time with them to ask questions that interest you and truly learn about the topics that you want to know more about.
You can also discover private tutors and other courses on cryptocurrency in Adelaide.
However you choose to study cryptocurrency and blockchain, be sure to do your research to make sure that it is the right course for you and will help you towards your personal goals. Now is a great time to get involved with cryptocurrency, provided you are aware of the risks trading carries, so why not get started today!
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