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Topic: Are any of you paid your salary in crypto? What's it like? - page 5. (Read 736 times)

jr. member
Activity: 448
Merit: 2
Think better
Have there been scenarios where after they purchased the agreed amount the value increased/decreased substantially before you were paid? If so, how did they react to this?
I think people who receive paid crypto usually work on an ICO project. So the payment they receive is the result of the success of the project. And the cost of crypto payments depends on the percentage of success of the project. But if the project fails they get paid not according to the agreement and poeple work on that will accept the payment even small.
legendary
Activity: 3052
Merit: 1188
How do your employers buy it?
It will be purely depending on the country. But I'm not seeing any difficulties for this because many reputed services are available almost for all the countries but we must need to clear KYC at very first hand. I believe the decisions of paying their employees in BTC alone must be a big thing here and definitely not the process of how they are going to buy it.

Have there been scenarios where after they purchased the agreed amount the value increased/decreased substantially before you were paid? If so, how did they react to this?
Buying bitcoins and then paying to employees instantly is possible to overcome the bitcoin fluctuations. This is how many merchants are doing against fluctuations to protect their profits. People must work on avoiding delays while holding bitcoins otherwise they may see extra dollars or shortage of dollars kind of incidents happening.
member
Activity: 516
Merit: 10
How do your employers buy it?
Have there been scenarios where after they purchased the agreed amount the value increased/decreased substantially before you were paid? If so, how did they react to this?
My friend accepted ETH payment for fiverr and upwork job if i know this is breaking the rules and regulations those platform. He received 4 ETH when value was 1/88$  than after few days eth going to 100% increased. I think as like there are many client offering cryptocurrency payment.
member
Activity: 687
Merit: 11
it seems you need to invite someone from Japan to discuss this. because there have been many companies that pay employees using bitcoin.
hero member
Activity: 994
Merit: 501
PredX - AI-Powered Prediction Market
Well unfortunately in my country the government doesn't accept payments in BTC so i didn't hear about salaries that are paid in crypto, but that doesn't mean that don't exist.Actually i think that will be a huge evolution for BTC.But who knows maybe in the future we will hear more often about payments made with BTC.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
I'm not getting my salary paid in Bitcoin but I know some people who do. But they don't get entire amount paid in Bitcoin but combined with fiat money. To my opinion that is much better than to be paid entirely in Bitcoin, this is still too risky.
Personally I wouldn't like to be paid in Bitcoin because of volatility. I like my salary in fiat and Bitcoin is additional income that might vary from month to month.
member
Activity: 616
Merit: 30
Well you post and title is very strange I am really trying so hard to understand what you are actually trying to communicate may be you should rephrase
What part is needed to be rephrased?i believe that OP had clearly delivered what he wanted to know or maybe its just you who cant understand the way of questioning

OP is asking if there are employees here whos being Paid by cryptocurrency instead of Fiat,and what the main concern is if the Volatility of this currencies affecting the both parties either the management who bought crypto.or the employee who received the coins because specially in this grow and fall market
member
Activity: 351
Merit: 11
I guess some companies already pay cryptocurrencies as salary for their employee. But, I guess there are some problem if they continue on paying cryptocurrency because we all know it is volatile and very unstable. So its better to find a job that will pay fiat currency.
jr. member
Activity: 108
Merit: 2
sometime i do ! in need when i lose in trading i try hard to recover ! but i dont spend it al, i keep some for my real life Smiley
copper member
Activity: 308
Merit: 1
Veil
I only get paid in my local fiat in my country.
But in the event the government of the day in it's opinion feels it's best that employers are paid using bitcoin, then measures should be put in place to balance up , in situations where after one gets paid, the price of bitcoin tanks.
full member
Activity: 484
Merit: 124
Unfortunately ,it won't happen at my place because the government is not agree with crypto.
Let say if for somehow , my government legalize it away, my people prefer using fiat as salary payment because they are not dare to take the risk of gambling !
full member
Activity: 217
Merit: 100
In my country (Vietnam) electronic money has not been widely available so I have not seen a group or company paying by Bitcoin or crypto. The pay by Bitcoin or crypto, I think it is not suitable for many countries because there are still a part of people who are not able to contact with technology.
member
Activity: 1106
Merit: 11
Crypto in my Blood
It's a very interesting question. If I am paid by Bitcoin at a price $4K and no need use it quickly then I will hold it. But someone who needs money instantly for his family maintenance he must sell it because they could lose some money doing late according to the current market situation.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
I am not getting paid in Bitcoin myself, but I know of someone that are getting paid in Crypto currency every week. This guy made an arrangement with his employer to pay 90% of his salary in Fiat and the remaining 10% in Bitcoin. He did this, because that was the potion of his Fiat salary that he used to buy bitcoins every month and now the employer is doing it for him.

They transfer the bitcoins into a Bitcoin address he gave to them, but I do not know how they buy and when they transfer the coins to his address.  Tongue
jr. member
Activity: 146
Merit: 1
https://i.imgur.com/5JpAp21.jpg
I have never heard of an employer paying with crypto and vice versa too ... if there is a very good one, it means that it has developed and that it is equally beneficial, if the salary is used cripto or coin
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
How do your employers buy it?
Have there been scenarios where after they purchased the agreed amount the value increased/decreased substantially before you were paid? If so, how did they react to this?
With the current market situation, I will not go for it, the market is so volatile that when you receive your salary it will be down by up to 12%, I will only agree to receive my salary through cryptocurrency if the market is good and very stable but not now.
legendary
Activity: 2464
Merit: 1387
I wouldnt like my salary to be paid in Bitcoin because at the moment
I cannot pay my utility bills in bitcoin, I cannot buy fuel for my car with
bitcoin or buy groceries. I would just end up converting it or the majority
of it into FIAT.

I suppose if it did happen on a greater scale it would probably prompt
traders and service providers to accept it
full member
Activity: 966
Merit: 153
It's nothing new,  cause a lot of companies are now paying their workers in bitcoin and other cryptocurrency.  And I believe this is part of what we want in the digital world industry, a situation where by cryptos will be used as a substitute of fiat. The most important is making  the amount based on USD because of the inconsistency of Bitcoin price.
sr. member
Activity: 2282
Merit: 470
Telegram: @jperryC
That's why it's hard to use crypto as an salary payment since you both don't know how much it will gain or loss in a matter of time but if you're a online worker or nor and you want to accept crytptocurrency then you should both agreed like this:

$200 in BTC or ETH (just an example) the amount of cryptocurrency will be based on the value of it and not will be based by the crypto alone.
sr. member
Activity: 1470
Merit: 325
How do your employers buy it?
Have there been scenarios where after they purchased the agreed amount the value increased/decreased substantially before you were paid? If so, how did they react to this?

everyone that gets his salary paid in crypto is then selling those for communal fiats to pay his bill this ultimately leads to a price decline, crypto will start to flourish as soon as the communal banks collapse
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