Best thing for you to do is become a freelancer and accept only bitcoin as payment. You are your own boss and you can do what you want then.
I'm not sure you'd have much if a business if you only accepted bitcoin at the moment.
Topic: Getting paid in bitcoin (Read 1694 times)
I'm not sure you'd have much if a business if you only accepted bitcoin at the moment.
Coinbase has a recurring buy option from your bank account. You could setup a US bank acct and have your US employer direct deposit into that account. Then setup your recurring buy from coinbase to trigger after pay day. Your cost will be 1%.
Does that really work? Can you really fund your account from any bank account, even if it's not your own? That would be fantastic.
You can fund from any bank account as long as you have the routing and account number (so yes). I think this would be the easiest way for you if direct payment in BTC from your employer is too difficult, and the amount is a consistent (recurring) amount.
Best thing for you to do is become a freelancer and accept only bitcoin as payment. You are your own boss and you can do what you want then.
Instead of doing this, you could offer a discount for paying you in bitcoin, but when you are paid in fiat, you can simply convert the fiat into bitcoin via local trades on LBC.
Best thing for you to do is become a freelancer and accept only bitcoin as payment. You are your own boss and you can do what you want then.
Coinbase has a recurring buy option from your bank account. You could setup a US bank acct and have your US employer direct deposit into that account. Then setup your recurring buy from coinbase to trigger after pay day. Your cost will be 1%.
Does that really work? Can you really fund your account from any bank account, even if it's not your own? That would be fantastic.
You need to fund your coinbase account with a bank account that you own. They will send two small deposits under $1.00 and you need to tell them what the amounts were.
Does that really work? Can you really fund your account from any bank account, even if it's not your own? That would be fantastic.
You still need to verify the bank account by at least logging in the with bank credentials (or for later levels you might have to work with deposits). And it only applies to US bank accounts for the time being, so don't think it'll work with any other bank. To fund it from someone else's, you'll need their log in details at the least, and I'm pretty sure the owners will notice the fraud once you make a deposit.
Coinbase has a recurring buy option from your bank account. You could setup a US bank acct and have your US employer direct deposit into that account. Then setup your recurring buy from coinbase to trigger after pay day. Your cost will be 1%.
Does that really work? Can you really fund your account from any bank account, even if it's not your own? That would be fantastic.
I'm sure you have to prove that it is your account.
Trouble is that it will be on the record that you bought BTC. Better to withdraw cash and find a BTC ATM.
Coinbase has a recurring buy option from your bank account. You could setup a US bank acct and have your US employer direct deposit into that account. Then setup your recurring buy from coinbase to trigger after pay day. Your cost will be 1%.
Does that really work? Can you really fund your account from any bank account, even if it's not your own? That would be fantastic.
There are some great ideas here, perhaps this topic should be promoted to a sticky and get paid in Bitcoin? 
Thanks for all your replies. Yeah, taxes don't bother me I'm cool with paying what I owe. - What bothers me are banks and credit cards knowing everything I do and controlling my money. Just the other day once again my credit card was frozen because I was traveling.
Some great ideas here, thank you! I think I want to put the bug in the employer's ears just to see if they want to give it a shot, or else maybe just go with cash and find a BTC ATM somewhere near me. I wouldn't trust sending money directly to an exchange - thank you gox!
Some great ideas here, thank you! I think I want to put the bug in the employer's ears just to see if they want to give it a shot, or else maybe just go with cash and find a BTC ATM somewhere near me. I wouldn't trust sending money directly to an exchange - thank you gox!
Coinbase has a recurring buy option from your bank account. You could setup a US bank acct and have your US employer direct deposit into that account. Then setup your recurring buy from coinbase to trigger after pay day. Your cost will be 1%.
the funniest part i find is when people make a speach like that.. and then go and sign up to coinbase or bitstamp, which:
ask for personal information at registration
ask for manditory information each time you use the service
which make profit from your withdrawals and fund movements
which hold onto your coins and set withdrawal limts
which keep records on every trade/withdrawal/deposit
which report suspicious activity and all your information to government agencies
so unless your boss signs up his business account to a method to obtain bitcoins himself, to then hand to you. Where you then never use an exchange or a delivery service asking for your home address etc.. your not really achieving much difference..
ask for personal information at registration
ask for manditory information each time you use the service
which make profit from your withdrawals and fund movements
which hold onto your coins and set withdrawal limts
which keep records on every trade/withdrawal/deposit
which report suspicious activity and all your information to government agencies
so unless your boss signs up his business account to a method to obtain bitcoins himself, to then hand to you. Where you then never use an exchange or a delivery service asking for your home address etc.. your not really achieving much difference..
That's only when you are exchanging fiat for BTC and it is an "icky" step that we will all have to live with until BTC becomes the standard method of payment (unless you mine them directly or get them through LocalBitcoins.com). Once you have the BTC, those restrictions no longer apply. I can envision a future where everything is done via BTC. The company would receive BTC from customers and use this to pay for rent, electricity, and utilities. The boss would then pay his employees with BTC and the employees would use their BTC to pay for their mortgage and groceries. Most coins wouldn't touch an exchange. They would simply be transacted through addresses that each person holds the private key to.
I would think payment processors like Bitpay and Coinbase would be able to assist with this eventually. But it would take quite some time, I think, before most employers would ever jump into paying people in bitcoin.
BitPay is working on a beta service to make it easy for employers to pay you in bitcoins. Similar how they allow companies to accept bitcoins without any hassle.
Why don't you simply have your paycheck direct deposited into your account at an exchange and have the exchange automatically buy bitcoin whenever they receive a deposit?
Do you know of any that do that in the US? I would love to do a percentage of my paycheck that way.
Thanks for all your replies. Yeah, taxes don't bother me I'm cool with paying what I owe. - What bothers me are banks and credit cards knowing everything I do and controlling my money. Just the other day once again my credit card was frozen because I was traveling.
Some great ideas here, thank you! I think I want to put the bug in the employer's ears just to see if they want to give it a shot, or else maybe just go with cash and find a BTC ATM somewhere near me. I wouldn't trust sending money directly to an exchange - thank you gox!
Some great ideas here, thank you! I think I want to put the bug in the employer's ears just to see if they want to give it a shot, or else maybe just go with cash and find a BTC ATM somewhere near me. I wouldn't trust sending money directly to an exchange - thank you gox!
you pay the taxes that you can't afford to pay tax lawyer to minimize for you.
Thanks for all your replies. Yeah, taxes don't bother me I'm cool with paying what I owe. - What bothers me are banks and credit cards knowing everything I do and controlling my money. Just the other day once again my credit card was frozen because I was traveling.
Some great ideas here, thank you! I think I want to put the bug in the employer's ears just to see if they want to give it a shot, or else maybe just go with cash and find a BTC ATM somewhere near me. I wouldn't trust sending money directly to an exchange - thank you gox!
Some great ideas here, thank you! I think I want to put the bug in the employer's ears just to see if they want to give it a shot, or else maybe just go with cash and find a BTC ATM somewhere near me. I wouldn't trust sending money directly to an exchange - thank you gox!
I could see it working if your employer already takes payment in Bitcoin. But it's likely that you'll still have to pay rent or mortgage (whatever you got), electric bill, heating bill, and food with fiat. Which means you'd still have to convert Bitcoin to fiat anyhow.
So the idea of banks annoys me. The whole concept of giving your money to someone to keep for you, meanwhile they invest it, get a living off it, loan it, and if you ever want to withdraw it they keep a record of it. They share your info with the government, and ask you mandatory personal information pretty much every time you talk to them.
I would like to convince my employer to pay me in bitcoin. How complicated would it be for them (who know next to nothing about bitcoin) to do that?
I would like to convince my employer to pay me in bitcoin. How complicated would it be for them (who know next to nothing about bitcoin) to do that?
It'd still be taxed and until you're sure that you can buy anything and everything you want using bitcoin where you live you best not ask for such a thing.
It's very simple and there are companies, services, and api's to help them automate the process.
The real trick is convincing your employer to do it. Although it may be simple it still shakes things up, its extra work someone has to do, and if you work in a corporate environment it can be very hard to get all the top execs all on board with the idea.
The real trick is convincing your employer to do it. Although it may be simple it still shakes things up, its extra work someone has to do, and if you work in a corporate environment it can be very hard to get all the top execs all on board with the idea.
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Why don't you simply have your paycheck direct deposited into your account at an exchange and have the exchange automatically buy bitcoin whenever they receive a deposit?
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