When it comes to hiring Ethereum developers, choosing the right location can play a critical role in the success of your project. Ethereum, as one of the leading blockchain platforms, offers companies a wealth of opportunities to create decentralized applications, smart contracts and much more.
In this blog, we will compare two popular cities for hiring Ethereum developers - Monterrey and Bogota. Both cities have highly skilled developers, but each offers distinct advantages in terms of cost, time zones, talent availability and more. Whether you're looking to build a new blockchain solution or improve an existing one, this comparison will help you make an informed decision on where to hire the best Ethereum developers for your needs.
Benefits of Hiring Ethereum Developers
Hiring Ethereum developers can significantly enhance your business, especially if you are looking to leverage blockchain technology to build decentralized applications (dApps), smart contracts, or even new financial systems through cryptocurrencies. As one of the leading blockchain platforms, Ethereum offers businesses the opportunity to take advantage of the growing world of decentralization, creating opportunities for more secure, transparent and efficient solutions.
When you hire Ethereum developers, you are hiring experts who can work with technologies such as Solidity (the main programming language for Ethereum smart contracts), Web3.js, and Truffle Suite, which are essential for building decentralized applications. Hiring the right developer can improve the efficiency, security and scalability of your solutions, helping your company stay competitive in a rapidly evolving digital world. Whether you're building a new financial product, NFT marketplace or tokenized asset platform, the right Ethereum development team can significantly increase the value and integrity of your project.
Hire Ethereum Developers in Monterrey vs Bogota
The following will explain the key aspects to compare Monterrey and Bogota in the recruitment of Ethereum developers.
Cost of Hiring
When you hire Ethereum developers, cost is often a deciding factor. Both Monterrey and Bogota offer competitive rates compared to the US, but there are differences.
Monterrey: From $4,500 to $5,750 per month to hire Ethereum developers with experience in smart contract development and Solidity. This variation is due to its proximity to the US, the growth of its technology hub, and a higher demand for dApps architecture specialists.
Bogota: The cost of hiring Ethereum developers varies between $4,000 and $4,750 per month. The city has an active community of Web3 developers and a growing ecosystem with talent specializing in Oracle integration, smart contract auditing, and deployment on networks such as Polygon and BNB Chain.
Learn more about the importance of transparency for developers and clients.
Time Zones
When working with a remote Ethereum development team, time zones are an important factor. Having some overlap in working hours can make communication smoother and help speed up the project's progress.
Monterrey: Monterrey operates in the Central Standard Time (CST) zone, which is 1 hour ahead of Miami and 2 hours ahead of San Francisco (Pacific Standard Time, PST). This makes Monterrey a great option if your business is based in the U.S. or Canada, as it aligns closely with U.S. working hours, facilitating easier communication and real-time collaboration.
Bogota: On the other hand, follows Colombia Time (COT), which is 1 hour ahead of Monterrey. This means that Bogota is 2 hours ahead of Miami and 3 hours ahead of San Francisco. While the time difference is still manageable, there could be a slight delay in communication if you're working with teams based in the U.S. However, the time zone difference is small enough that it won’t cause significant disruptions to workflow.
Talent Availability
Both Monterrey and Bogota are hubs of tech talent, but there are subtle differences in the availability of Ethereum developers.
Monterrey: The city is home to leading educational institutions such as Tecnológico de Monterrey and Universidad de Monterrey, which are recognized for the excellence of their engineering and technology programs. It has a growing reputation as a tech city, attracting highly skilled developers in various fields, including blockchain and Ethereum.
Bogota: With its thriving tech industry, it has a large pool of developers specializing in Ethereum and blockchain technologies. As a hub of technological innovation, it concentrates 62% of the sector's companies in Colombia and trains more than 15,000 IT professionals annually, including Ethereum developers specialized in smart contracts, integration with oracles and gas tariff optimization.
Find out more about the top 5 benefits of DevOps outsourcing in Latin America.
Quality of Work and Developer Expertise
Both Monterrey and Bogota are home to highly skilled Ethereum developers, but the quality of work and level of expertise may vary slightly.
Monterrey: Monterrey developers often have experience working with U.S. companies and are known for their high level of professionalism. The city’s tech community is heavily influenced by North American standards, and many developers have international exposure, which can translate into polished, top-tier Ethereum solutions.
Bogota: Bogota developers also offer high-quality work but bring a unique perspective influenced by local startups and global partnerships. Bogota is a hub for innovation, and Ethereum developers in the city are known for being creative problem-solvers, often pushing boundaries in blockchain development.
While both cities offer expert developers, Monterrey’s connection to the U.S. market could result in a slight edge in terms of familiarity with global enterprise standards.
Cultural and Language Differences
Cultural understanding is key when working with remote teams. Let's look at how cultural and linguistic differences can influence your choice.
Monterrey: Monterrey is a Mexican city and, although the official language is Spanish, many developers are fluent in English, it has a score of 556. Cultural similarities with the U.S. and the tech ecosystem's close ties to North America make it easy to communicate if you are from the U.S. or Canada.
Bogota: Bogota also has Spanish as an official language, but many developers speak English, the city scores 513 in English proficiency. Culturally, Bogota's proximity to the U.S. may result in a greater understanding of Western work habits, although there may be more differences compared to Monterrey.
Want to learn more about hiring strategies? Read about staff augmentation services.
Our thoughts on the pricing structure of Toptal
While it's not possible for us to find details about how much of what a client pays ultimately goes to a candidate, we believe clients looking for transparent and straightforward pricing may want to look at other alternatives.
Our opinion is that if they are charging a client more than $12,000 monthly for a developer, they should at the very least be giving $9,600 to the candidate, but it's likely that it's even less than that.
What Hiring Managers Should Ask Before Choosing a Talent Partner
Before partnering with any talent provider — whether Toptal, Teilur, or others — hiring managers should consider asking the following key questions:
- What percentage of the fee actually goes to the talent?
- Are replacement or satisfaction guarantees included in the contract?
- How are regional salary benchmarks determined?
- Is there full transparency in how rates are broken down?
- What is the long-term cost difference between hiring directly and through a platform?
These questions can help businesses make informed decisions and ensure that pricing aligns with both market realities and ethical compensation practices.
FAQ
Where can I hire crypto developers?
Crypto developers can be hired from both Monterrey and Bogota. Both cities are home to skilled Ethereum developers who specialize in blockchain technologies.
How much does it cost to build on Ethereum?
The cost depends on the complexity of your project. Hiring Ethereum developers from Monterrey may cost more than hiring from Bogota, but both cities offer competitive rates.
Who is an Ethereum developer?
An Ethereum developer specializes in building decentralized applications (dApps) using the Ethereum blockchain platform. These developers are skilled in smart contract development and blockchain technologies.
How many Ethereum developers are there?
While the exact number of Ethereum developers is hard to track, both Monterrey and Bogota have growing communities of blockchain and Ethereum developers, making it easier for you to find the right talent.
Conclusion
Deciding whether to hire Ethereum developers in Monterrey or Bogota comes down to several factors. From costs to time zones, the right city will depend on your unique needs and project requirements. Monterrey might offer more expensive but highly skilled developers with closer ties to North American standards. Bogota, on the other hand, offers more affordable options and a large pool of Ethereum talent, with slightly less overlap in working hours.
At Teilur Talent, we understand that finding the right Ethereum development team is crucial to your project’s success. Whether you choose Monterrey or Bogotá, we are here to help you navigate the hiring process and connect you with top-tier developers.
To help you make the best decision, use the calculator below to estimate your costs and potential savings. For more details and personalized advice, please contact us.
