Topic: Is Accepting Crypto Salaries Worth It? (Read 514 times)

It seems that at this time it is no longer a strange thing that the company will pay every salary to its employees through the bank and enter their account automatically at any time when they have to receive salaries and others. Because this action will actually make it easier for both, both for employees and the company itself to complete all obligations that must be done.
But it seems that they will be more focused on the use of local currencies for all payments through the bank, and it is impossible to use crypto because the price given and received will be different because the crypto situation, which can change at any time, because it is unstable, so it is not feasible for salary payments.

it makes sense. especially for companies that already use an automatic bankroll system, they usually prefer to use bank payments that will automatically send salaries to employees and that will cut the time for delivery since the bankroll system will handle it automatically. and the reason for the regulation also makes employees prefer to receive payments in their local currency because tax calculations will be much easier and they can receive salaries in their accounts and use them for their various needs.

If you look at the inflation situation in your own country, of course payments using crypto are considered profitable, let's say
stablecoins, exchanging them on local exchanges or P2P withdrawals via bank accounts in the end we are subject to a few percent tax. But at least we still have the difference that with stablecoins the value is maintained for a monthly period of time when receiving a salary.
If you work with a foreign company, of course the crypto payment option will be chosen because the payment process is fast and for me so far crypto payment is the best option for receiving a salary as long as we really understand how to disburse it, especially if we understand how to avoid paying taxes.

What about the freelancers who get paid with crypto and never paid taxes before, I live in a country where crypto isn't allowed and dealing with it in public isn't yet clear for us. In 2018, we had the one and only law announced to prohibit Bitcoin, without any clear reasons or more details published later up this day, we as freelancers are dealing with crypto but with cautious.
Personally, getting paid in crypto is a great advantage, with lower fees to exchange the assets to our local currency, fast transactions and various choices of stable coins, I say it is very worth it for me.

If your crypto loses value before you can convert it, you might be able to write it off in your taxes. I see no problem there.

Crypto salaries are totally awesome. That way, you don't have to do the extra work of converting fiat to crypto.

There's nuances to accepting crypto payments. There will be some people who would stand by it, and there are people who would swear against it, and I think everyone who loves or hates crypto payments have basis for why they do this so you can't just say that the other one is trash or whatnot. Like personally, since working in the crypto industry as a writer and a project manager I stood by getting paid in cryptocurrencies, doesn't matter if its native coins or if it's USDT, although of course for new clients, to make sure I don't get scammed I asked to be paid in USDT.

But getting paid in fiat isn't so bad as well, you get the added benefit of not having to convert your crypto into cash anymore, which is still surprisingly cumbersome nowadays despite the advances in the crypto industry.

So yeah, no way of getting paid is "bad" or "not worth it". What's bad though is if you don't get paid LMAO.

In my opinion, the notorious volatility of cryptocurrencies, especially Bitcoin, is a major problem for freelancers. This volatility means the value of crypto can change drastically in a short period of time. As a result, freelancers paid in crypto may run the risk of losing the value of their earnings before they have a chance to convert them into usable cash. This can be a serious challenge as their income is unstable and can take a toll on their personal finances. Therefore, although crypto offers some advantages, its volatility makes it less than ideal as a means of paying stable income.

If we talk about freelancers, maybe receiving a salary in crypto is better, the reason is because cryptocurrency was developed as an alternative payment that makes it easier for people to make transactions across regions, minimize fees, and waiting times that are usually quite long on digital payment platforms. Freelancers no longer need to worry that their payments will be delayed or cut very much by the payment platform, because by using stablecoins from the Tron or Binance network, the sender is only charged a very low fee and the process is faster.

However, if workers are still in the same country as their employers, then receiving payment via bank makes more sense, because they are still in the same country and the payment process via bank is quite fast and workers can immediately withdraw their money at the nearest ATM.

The signature campaign has been paying salaries with Bitcoin, it has been going on for years with different managers and companies, that is one proof of salary payments with crypto/Bitcoin, At this time I see no potential risks or problems occurring, they accept it without any problems, if you don't believe it, go to the service department.

I think it's not much different if you want to pay employee salaries with crypto/Bitcoin, only you have to bear the burden of shipping costs, that's the only risk you face, maybe if you pay your salary in fiat of course you don't need to pay fees, crypto requires fees for your transactions in sending, of course you adjust the salary you pay to the dollar value in the form of Bitcoin.

Point, if you want to pay your employees' salaries or provide ideas for paying salaries, you don't need to post the content of the article, you just ask here, they will give you suggestions and you can use calculations from your own thoughts, not the article's thoughts.

I think it’s just a simple decision made easier depending on personal priorities, as a salary earner, I’ll always prefer getting paid the traditional way but looking through a freelancers lenses you’ll see various positives receiving payments through Bitcoin.
Although due to the volatility of Bitcoin you can easily loose some money but you could also gain some depending on the movement of the current price of Bitcoin. So in other words the choice varies depending on each individual position.

Simple. If you're after blockchain or crypto investment then it would be fine but given that not all people do, then I guess it's an answer already. But looking on the birght side, if salaries will be sent in cryptocurrencies, a typical employee will need to convert it first before actually being able to spend it on local markets unless you're in a place wherein it is widely acceptable as a mode of payment. Looking on profit chances in crypto salary, well yess it could be an advantage but given that it is a salary then it is basically a money you need for your bills and not merely an amount you can just hold for years chasing for profit alone. Taxes could be avoided indeed as its biggest pros but there are salary grades we all know about and not all people are on taxable salaries likewise in my country so there's no point for them to see its advantages.

Maybe there's something related to its volatility and the risk of losing money since bitcoin is portrayed as risky asset. Maybe that's one of the reason why they avoid to adopt it since they don't want their people to participate for adopting crypto since they are worried that these people will lose their money. If people will just know how to handle the fluctuating market of bitcoin for sure they would able to handle the risk and also accept the consequences of possible outcome of their acceptance of bitcoin. If they just look at the volatility of the market is beneficial for them on some cause then I guess adoption of bitcoin will not be a problem to anyone. So maybe for now the government and people need to know how to adjust on possible changes and see the bright side of bitcoin so that they possibly not missed out the opportunity what bitcoin could possibly give to those people who believe it. Maybe there would be negative side to happen especially when the value decrease but I believe if people will be knowledgeable on volatility they can tolerate if that events happen.

In my opinion, it could be worth it because for those who have started in the crypto world, it will feel like it is worth it and in my opinion it will not be worth it for those who are just starting out, therefore, for those who are new, we have to learn a lot more so that we can receive more crypto money.

At some point in your life, you'll have to receive money via traditional payment methods and you can't avoid giving away some personal information.
The benefit of salary paid in cryptos is that as you said, payment is easy and fast. I can accept payment from any part of the world if the payment is made in cryptocurrencies. Also, I am a person who holds cryptocurrencies to combat inflation and get rich with this type of investment, so for me, it's a benefit. I only exchange the part that I need to pay for basic things, the rest is left unconverted, so I save on exchange fees.

To date, there are still not too many countries that accept cryptocurrency as a payment method, not just your country, and converting from cryptocurrency to fiat currency and vice versa is not too difficult. So I think it's not a big barrier or problem when we receive salary in cryptocurrency. I think the issue we need to pay more attention to is its fluctuation because no one will feel okay if our salary suddenly decreases right after receiving it. Volatility is beneficial in investing but disadvantageous when using it as a currency to pay for daily needs.
If it's a part-time job, it wouldn't be too bad to get paid in crypto, but if it's the main source of income, I'd reconsider.

If those people often to visit other countries, they can asks to be paid in crypto or stablecoins but that depends on the destination country. If the destination county or their country accept crypto and many groceries accepts crypto, they can use crypto easily and without a problem. The problem is not many groceries wants to accepts crypto or knows about crypto so that will not helps them if they wants to buy something. They must exchange crypto for local fiat so they can buy what they wants.

Crypto doesn't have borders as long as both side accept crypto, people can transact. Perhaps it will needs for some time before people can use crypto globally so they can asks their salaries to be paid in crypto.

Freelancer that does conventional tasks in a conventional freelancing platform usually still not used with being paid with crypto though, the argument about price volatility is honestly just an excuse because stablecoin also exists, as far as I know, if someone receive a crypto salary in a region where its got the services of big exchange they already freed of the headeache that entails.
granted that they willing to learn the mechanism of converting crypto such as BTC or ETH, or if we try to get rid of the risk volatility by using stablecoin it will saves them a lot of fee from using a service like paypal or so.

rather the hurdle that I've seen so far involving payroll in blockchain that is EVM based is the malicious infinite token spending approval code usually getting taken advantage of by phishing site that could really make people scared of having payroll in crypto which blockchain is smart contract capable.
because in the event of airdrop claiming for example, people are drained of their wallet by this scammers, so there's more likely chance that people that aren't really well knowledgeable with how blockchain work might fall victim, the only solution probably using exchange wallet which literally has so much restriction but also saving people from falling victim to a scammer.

The mistake people make is to only look at the upside of bitcoin and ignore its volatility in the short and medium term. What happens to us if we get paid in bitcoin when it's worth $72k, but then we drive home and the bitcoin price suddenly drops to $66k? If it was a long-term investment it wouldn't be a big deal but I don't think any of us would feel comfortable with the value of our salary dropping so suddenly. Using bitcoin to pay salaries is still not really suitable when the volatility of bitcoin is so large, it is not beneficial for us because we use our salary for daily needs. 

Why keep things the same? I mean we still get our salaries in fiat and we can buy bitcoin whenever we want. Everything is fine when our salaries are paid in fiat currency, why try to change it in an unstable direction?

In my opinion, it's quite worth it because it's also good for beginners who get paid through crypto and I will feel happy about that.

Therefore, there may be some people who have different opinions, so regarding the issue of salary through crypto, it depends on each person's opinion and perhaps this has also been discussed in other topics.

What if costs are high, will your company still transfer it? I don't think the company will transfer it, of course it will wait really cheap to transfer your crypto assets. Are you really patient in this matter? How can you make a profit, will you save for a certain period of time, don't you think about your daily needs that require money? I think you are quite ridiculous in this case

Well yeah this is true and even in a cryptocurrency friendly country like mine I am also having a hard time with withdrawals as there are limits and if local exchanges declared you had a suspicious withdrawal then that is gonna ruin your day since they are going to freeze your funds and will cause delays not unless you are dealing with P2P transactions but if with banks or local e-wallets I doubt cashing out huge amount of money in one transaction.

It doesn't really matter what currency you are paid in, as you can convert it into your desired currency through various methods. What could matter is the volatility of the currency, because you don't want to be paid $10k one day and wake up the next morning for it only to be worth $8k when you want to cash out, it can work to your advantage too but adds a layer of unnecessary stress if you have plans for your incoming funds. Like you said, the law can change between countries and certain ones will be very strict, you also have to hope that a populist politician isn't looking for an easy target or scapegoat because cryptocurrency has shown itself to be an easy target in that scenario.

I think it is not a suitable way to get income in crypto payment because there is a high level of volatility so if you are happy to get profit in form of bitcoin that will be maximum then you should also think that if Bitcoin reduces then your payment will also reduce so you will either wait for increase or will wait for another month to get your income. There are also some advantages but disadvantages also exist and one cannot deny both of them therefore I will always prefer to take fiat money instead of getting salary in the form of crypto.

People always like those processes which are not in use because they have not faced the difficulties concerned with it and never give value to that which is in use so I think be thankful for the current situation because the future is unpredictable and if we think about the future then we will not be able to enjoy our present

It doesn't matter the nature of the job. What matters is if the company supports payment in Bitcoin then the client is allowed to choose the method of payment they want. All jobs are jobs whether online or not the agreement has to come from the company and the worker. If agree then it should be done that way.

I think there are other reasons or purpose on why they created a stable coin here in crypto but I think it's inappropriate to talk deeper about it here. Indeed there are still some/small fluctuations in the stable coins, same goes with local currencies like dollar because they are based on it, but it's not too much, so I guess the name stable coin can still fit on them.

That was strange if PayPal transfer take that long in his case because many of us have used it and the transfer is only instant, right? Maybe there is only some complication found on him, that is why. This is the issue of being centralized. Good thing we have cryptos now, which are perfect for those people.

employees still have to convert the crypto to local currencies. sending tokens to buy something from stores will require transaction fees, which hinders the adoption of crypto locally. this is still what the employers have to consider when sending crypto tokens to several employees as salary, they would have to pay transaction fees while they are not if they just use the local currency.

crypto salaries are likely just for online freelancers while professionals like doctors, and teachers will still be the local currency.

You’re right there, crypto salary creates an advantage but knowing it’s not yet widely accepted in all countries particularly in my country, so I’d rather prefer to receive fiat more than crypto as a salary. At least I know I can always decide to accumulate crypto when I wanted to knowing I have sufficient amount of fiat on my bank account. Crypto is a good investment and retirement, but for now I need more fiat than crypto to sustain my daily needs for survival.

I can are with you to done extent, if its physical coaching classes. But need I remind you that some teachings are online and remote, so its more like you're working remotely and as such its still the same bank stress yuk go through when you're being paid. So its better you're paid inn crypto to facilitate faster receipt of payment.

Crypto answered the prayers of delayed international payment. Just like we working in signature campaigns, if not for the fact that we're getting our payment in bitcoin, could you imagine the extent of stress and wait time we'll be going through to get paid?.

but honestly it is natural that freelancers prefer to receive payments in crypto because it is much easier and usually the waiting time is much faster compared to what is offered by paypal or western union. the claim process is also not complicated because the recipient only needs to provide their wallet address and then they will be able to receive payment immediately without having to worry that the payment will be blocked or intervened for some reason.

the problem of unstable prices or kyc is another problem and i don't think it is a serious enough problem to discuss since freelancers are used to doing kyc and are smart enough to receive payments in usdt or directly convert their income.

Depends on the nature of job, if it's a more physical job like teachers, doctors and a few professions then their is no need paying them in Cryptocurrencies, to save them the stress and put them in a more convenient state to make good use of their income with our consistently bothering on how to sell them. But, if it were to be those who mainly work online jobs then it should be an agreement between both parties, as long it is convenient for both of them then their is no worries it is also a good means of payment.

Cryptocurrency is an innovation, so if someone is willing to pay a salary or receive a salary with crypto, then that person has fully supported the adoption of this innovation. I was once an employee and to be honest, if I were still an employee, I would be willing to receive a salary in crypto currency, but I prefer bitcoin because the price of bitcoin fluctuates so the profits received can be greater than just receiving stable coins.

A potential risk is that when you start receiving your salary in cryptocurrency, and you see the benefit that it has, it will reduce the chances that you ever have of accepting salary in the future in just Fiat. People who accept their salaries in Crypto can easily invest faster because they simply need to take out the amount they need for their daily needs out of the crypto they have been paid with and leave the rest their investment, on the other side of things people who receive their salary in just regular physical currency, may not find it so easy to invest in cryptocurrency because of some of the difficulties involved in buying. Hence , receiving salary in crypto is still worth it.

Why does your line of thinking refer to trading when employees receive salaries in stable coins? Can't all stable coins be immediately cashed into any fiat without having to be traded by the employee who receives them? I think there is nothing wrong with receiving a salary in stable coins with a value that is even the same as the fiat value so that it will not be enough to bother the person who receives it, especially if the employee himself can make a disbursement immediately after receiving it without having to make any form of trade.

It is worth it but still optional for me, as I prefer to be paid in fiat money because it was still not acceptable in my place, so I no longer spend some fees in converting my crypto salary. This is one thing I put into consideration and I know this is a common problem for us knowing that many countries are not yet accepting cryptocurrencies.

I'm also looking forward to those company owners who had this in their mind and considered paying bitcoin to their employees. It is not impossible they will support this project and adapt to the changes. But yes, until it was not officially legal in a particular place that also gives a reason why this never happened.

If I'm not in here and not joining the signature campaign, I'm sure I couldn't experience receiving a crypto salary.

Besides the legality of bitcoin, I think the volatility of bitcoin is an issue that many people will not like. People just want to look on the bright side that bitcoin will increase in price after we get our salary but what if it gets dumped after we get our salary? I know we are participating in signature campaigns and receiving payments in bitcoin but for the most part this is just our side income, money that we don't need to spend and are willing to hold for the long term. But what if it's our main source of income? I don't think bitcoin is the perfect choice.

Not to mention current transaction fees are also an issue that we need to pay attention to, so fiat or stablecoins would be a more effective solution in this case, IMO.

Accepting crypto payment is very unique and favorable for everyone. For example, there are many people in this forum who are promoting different casinons and projects on their signature and they receive payments in Bitcoin or stable coin. If the payment was not made in crypto, it will be difficult for the campaign manager to pay everyone in their different country currency. Crypto payment is universal and that's why I love it.

Some companies operating in the cryptocurrency market have been offering employees to receive salaries in bitcoins for several years. For some companies, paying salaries in cryptocurrencies is an important part of their business strategy.
 If at a small part of people  have direct experience with Bitcoin, it will help develop cryptocurrency literacy, which in turn is vital to the growth and development of our cryptocurrency direction.

Even though many forum members here would encourage to be paid in bitcoin, the final decision depends on whether your local authorities are fine with it what you taxation situation is regarding crypto transactions and how feasible it is to convert it to fiat currency because obviously local merchants wont be accepting bitcoin.

Therefore a partial salary in bitcoin and the rest in fiat might be a better option for the time now. Maybe in future we can all go with 100% crypto salaries. Hopeful when the streetside junk food stall will be having a QR code to be paid in bitcoin.

This no strong argument against the many extraordinary benefits of bitcoin, if it were to be altcoins they are raising the argument about high volatility I would consider but for bitcoin the volatility is very moderate in my view to altcoins, and for a worker that chooses to regularly make withdraws at each payday to convert to fiat then it's nothing to worry about.

I would rather deal with bitcoin volatility than with the middle man through those conventional means of transactions using any fiat currency. If anyone should be worried about anything with money value, it shouldn't be bitcoin volatility but inflation which without fail continuously to assail fiat currencies.

If the employer is a crypto enthusiast or bitcoin believer, it is possible for it to happen, and he can also oblige his employees if he wants. But if not, I don't think such a concept of paying employees via cryptocurrency or Bitcoin will happen either.

That's the only logic I see, and one of the best ways to pay employees is through stablecoins like USDT, because from this stablecoin we can use it directly to buy other crypto assets.
If you are one of the employee where the employer paying or giving  stablecoins as a salary.

Yeah before it will be possible the employees will of course have to understand how cryptocurrency works because failure to understand it will bring misunderstanding between employees and the employers because sometimes the price of cryptocurrency can be very volatile and sometimes the salary meant for the employees could either possibly reduce or increase so perhaps the employees and the employers will need to agreed on certain ratios so that if the price increases it benefits the employees and if decreases it also affect the employees.

Stable coins are not a problem in payments because their value seems to always remain the same, however, the salary and employees must also understand cryptocurrency, otherwise this can also have bad consequences for employees, considering that if they are not knowledgeable and trade it, their salary could run out and of course will have a bad impact on the family economy

That's why there are stable coins so that it won't be hit by volatility. But the thing is if the value of USD changes compared to your local currency then there's still the volatility in there but that's another thing to be concerned of. As long as you're going to receive it then there's no problem at all and then let yourself do all of the worries in there.

And this I think why they're improving their services and trying to make it as real time deposits.

In my opinion , Volatility won't be a concern when using stablecoin for payment , but for other altcoin, it can be an issue . The value of a coin could change between accepting a job and receiving payment . in the worst-case scenario the coin could become worthless turning you into an volunteer . Overall there are more pros like low fees and near instant withdrawals . Other payment methods , like Paypal can take 1-3 days to transfer to my bank account .

The ease of getting non-delayed payment in crypto is the basic reason most people including myself prefer payment in crypto against fiat. Most times international payment takes days,  sometimes even up to a week to finish processing before you're credited, this can be very annoying most times.. Crypto is becoming very advanced recently and if you don't wish your fund sent in volatile coins like bitcoin, you can opt for stable coins like USDT and using TRC-20 network, your funds arrive within minutes of being sent across.

Again governmental scrutiny and excess that fiat presents are avoided as your funds drop directly into the wallet without any third party involvement.

How I wish all my payments are made through crypto, or I can influence them to be so, that would be premium joy.

Don’t talk about earning a percentage by holding your coins on an exchange because that’s not it. Receiving salary in crypto should be you providing your money and receiving it there, what you do afterwards is your business. Because you can still get paid in fiat, and use it to buy crypto just to achieve the same percentage from coinbase.

Crypto payments has their disadvantages and advantages, before you prefer to receive your money in crypto, check them out and know that you can roll with it.

Banning banks is not the solution to money laundering, just as banning Bitcoin isn't. While Bitcoin is thought to make controlling money laundering more difficult, fiat currency is still required for transactions at some point. Bitcoin isn't entirely anonymous, and peer-to-peer exchanges can be regulated. It's important for governments to develop a comprehensive plan to combat money laundering on all fronts without dismantling established financial institutions.

Such move really depends on the company and the employees. I don't think it is fair for a company to oblige its employees to receive crypto as their monthly salary.
But for those employees who will accept crypto as payment, they can always convert it to their fiat if they are worried about its volatility. It is their disposition whether to wait or sell it.

It is the best to get paid in crypto. Whatever your choice is, Bitcoin, Ethereum, stable coins or any other, the comfort that it brings is that you don't have to deal actually with any third party like you need to go through PayPal, Wise and any other payment processor that might do the same about freezing your funds or delaying you and much worse is to ban you from using their platform. I've seen freelancers that have been banned by PayPal for wrong accusations and without fair trials and that's why being paid in crypto in whichever transaction you do in the web is the best right now. Before, there's the taboo about it that it's only used for illegal trades but glad that the narrative has changed nowadays.

This approach may not work for every establishment, and it's important to prioritize the interests of employees before implementing it. Employees can be trained on how to access their funds if they are unaware. Innovation in our methods is inevitable, and it's beneficial to ensure training evolves accordingly.

I agree with your opinion, behind the government regulation acceptable bitcoin as payment currency or not we must check firstly with contract working about kinds of payment salary paying between us our worker and the business owner. Currently if country have regulation with bitcoin as payment transaction its not problem including bitcoin or cryptocurrency as payment transaction but for worker have make contract firstly with payment salary kinds will receive in fiat or bitcoin.
If some country not get regulation with bitcoin as payment transaction I don't think have law for worker want to get payment with bitcoin and they can make convert by their self after receiving salary payment with fiat buy bitcoin and hold it in their wallet.

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Its not much problem if interested payment salary using bitcoin but not get regulation we can purchase by our self behind many exchange have support to make transaction trough P2P.

No employer would want to do that. It’s an inconvenience and it would confuse them. It’s either they pay you in fiat or in crypto flat out. You are the one to decide whether you want to convert it to another currency or not.
If it’s the employer who insists of giving the salary for income then they should pay for the transaction fee. If we were to use bitcoin, I think the transaction fee would be very high. So you can use altcoins with low market cap instead.

Good catch, Although if this discussion has been already ongoing, I don't think there is any bad in posting here. Well, I also like the idea of getting paid in the form of crypto. I would prefer BTC but there is one problem like now we as signature campaign participants we are getting paid in BTC and when the time of distribution of money comes the rates are not considered at that point instead they are considered of point when they bought those BTC.

Like the start of the mid of the week. And if the rate was high at that time and at the time of distributing the rates are low then you are going to receive lesser amount and if your employer wants to deduct the fee for transferring funds from your money then it's also a drawback. And most of us if doing a main job, thus it means we are dependent on that job thus we can't bear volatility difference in the salary prices as we need them lot. So for main job I would prefer fiat and for part time job, or the job making me spare money I would prefer BTC.

I believe paying salaries in cryptocurrency is not a bad idea, but the choice of coin is crucial. Stablecoins seem preferable for employers to maintain the value of the funds. However, employers must be very careful with their wallet security; unlike banks, if a wallet is compromised, the funds may not be retrievable

To be honest, this is a stupid argument in my opinion.  The chance that the value spikes up and down really only matters if you wanna hold onto the cryptocurrency coins long-term.  But why would I care what currency my paycheck comes in if I know I can cash it out to regular money whenever I feel like it? The day-to-day price changes wouldnt really impact me if I just plan to exchange any crypto salary into fiat currency right away.   

I mean, sure, if I wanted to keep the cryptocoins hoping they go up in value...  But if Im gonna sell them immediately anyway, what do I care? As long as I can quickly liquidate the crypto payout and convert it to normal cash, those short-term valuation swings dont make much difference.

So yeah, seems like a non-issue to me unless you wanna invest your wages and hold the cryptocurrency.  Am I missing something?

You can use a payment processor, send coins directly to an exchange, or get in touch with a physical exchange. I know a guy who works at such exchange and they generate addresses for clients that an exchange bot empties the moment they receive a deposit.

I can give you an example of how this would work. Your employer is supposed to pay you on the first of every month and the agreed amount is $1k. You give him the address from a payment processor or your local physical exchange and he sends you $1k in BTC at 8 and that transaction has 1 confirmation at 8:10 and at 8:12 it's already automatically converted to your local currency. There's no volatility and chances that bitcoin will dump more than 1% in 10 minutes aren't very high.


Skeptics don't want to be paid in bitcoin, bitcoin enthusiasts do.

stablecoin is probably the most worth receiving as a salary, but freelancers will likely not welcome tokens or crypto. unless they are really a fan of that token which is highly not recommended, they can only be great if the bull market is ongoing.

but there is a job site that actually allows its freelancers to accept BTC and stablecoins which is the seoclerks.com, i can see many bitcointalk users offering services on this freelance site.

All you have said is not satisfactory in so many ways, they kind of contradict and doesn't make sense. For example, if a freelancer want to receive his payment in crypto form, I don't think the transaction fees is such a big deal, most companies will want to send you payment to exchange using the exchange ID because they know that you can't use the platform with kyc, that means you were identified before you were allowed to generate the ID and such eliminate the need for transaction fees even though it's been paid in Bitcoin or any out coin that us high transaction fee.

Conversion to fiat is also not a problem at all, there are many exchanges that has option where you can use the exchange P2P to convert your payment to fiat. The only challenge I see in receiving crypto as form of payment as freelancer is tax, the amount of tax been allocated to crypto is very heavy and not low compare to when you receive the payments with popular platforms like PayPal, paying 30% for tax is already taking all the money you have worked.

I remember responding to similar topic in the past but regardless I would say it depends on individual I wouldn't prefer my entire salary in Bitcoin or crypto due to volatility but I would prefer 60% in Fiat and 40% in crypto.  It makes sense not to have everything in crypto because just one market correction or dump we will be in soup with reduced balance or either way around its either payer or receiver who will have deficit and looking at the transfer charges it wouldn't be considered as salary payment when payer has to borne the transfer fees which is huge.

It is definitely worth it as long as both parties trust each other. Otherwise they will have to use a mediator like upwork that protects the rights of both the employer and the freelancer.

Crypto solves something very important (permissionless payments) but it doesn’t solve human behavior problem. Because of that we will always have to depend on a third party service I am afraid.

If you want to get paid in crypto, you’ll always have to provide the best quality work and the employers should want to hire you specifically. You shouldn’t be looking for work. That’s the only way.

So glad that there are online jobs and i am into the field. I receive my salary either in my local currency or USDT depending on the clients. Yeah, i don't have a fixed salary and i don't work for on site for any company. I work remotely which makes me meet several kinds of client willing to pay with the fastest available means of payment.

Accepting crypto payment is truly worth it depending on your nature of job. And if were your working supports crypto payment. The reason is because there are several things you can do with your salary like investing or storing it in Stabe coin so that inflation won't caught up your fiat. The most important thing is that if you convert your pay from the crypto t local fiat you will find out that you earned more than when you receive in fiat. Crypto payment is mostly larger than fiat payment.

I dont think that it will save you up some transaction fee but rather it would really be more than on paying up those fees on using up those common methods like Paypal and other typical payment processors that we do have.
Im not saying about hating up Bitcoin or crypto payments in regarding into your job pay but this one would really be that depending on a certain individual on which there would really be still those people who would really be that preferring on accepting those old ways or methods. You could always be free on purchasing up some coins or crypto with your fiat salary. If there would really be some options with your company or owner been trying out to integrate crypto payment then its good for you specially if you are someone whose really that Bitcoin/crypto supporter but actually this thing doesnt really matter that much.

Making up integration would really be something that needing up that kind of confirmation about laws and regulations specially if its been that applied on those companies which does have permits
and licenses. If they do able to apply such option then it simply means that your country is really that considering crypto adoption which is really that good to hear on.

As a freelancer I would also like to receive my salary in crypto so that it would help me save some transaction fee.
I would like to receive my extra income in crypto since I am earning Fiat in my current job.

This topic has already been created many times, people can accept this due to innovation and somehow people they don't, there's a law implemented that they will use their own currencies as their payment for their salaries now it depends on the company if they will change this kind of way of having a payment, again the market of the crypto is volatile no one doesn't understand the crypto would like to risk their money with this volatile instead they will get all of their hard-earned money now they will pay the fees for making transaction converted into fiat and possible before they converted the market crash another struggle to them like they will cut cost. Its good we are heading toward the future but not everyone likes and understand the crypto.

Receiving salaries in cryptocurrency is worth it because it doesn't have any boundaries and the receiver don't have to worry about the location where they receive it. It's true that cryptocurrencies are volatile and a crypto like Bitcoin, is best to hodl on the long term, but the receiver will need money on the short term, that is why I'll prefer that they receive salaries in stablecoins.

With stablecoins a person can budget their salary, the ones for expenditure can be converted to fiat and the one for long term savings or investments can be converted to Bitcoin. Also Bitcoin is a good option to collect salaries with, it's a digital cash for payments and an investment asset that is a store of value.  The holder can convert Bitcoin to stablecoins for short term savings and some to fiat for payments where they don't accept Bitcoin.

The payment for a freelancing service and a salary payment are structurally very different. Freelancers will prefer crypto payments because it will help them to hide here income from the government and also they would not have to make payment towards foreign exchange fees.

For a salaried person, the proposition is very different. The employer will be reporting the income to the government so there will be no way to hide the income. Considering how volatile Bitcoin is, paying taxes on it will become pain point. Also the existing liabilities of that person will suffer due to the increased or decreased amount of money that person will be received as a salary.

Personally I will prefer fiat as my salary!

The volatility of digital currencies scares a lot of people so it depends on how bullish you are and if you truly believe in crypto.

It depends on the industry where the worker belongs if you're an internet-based worker then receiving a salary through Cryptocurrency is worth it, but if you're working in a factory and you are receiving your salary in your office directly then fiat is still the best choice.

I have received my salary both in Cryptocurrency and through fiat and both have their pros and cons, salary in Cryptocurrency is subject to volatility while on fiat or your local currency, the inflation in your country is your main concern.

As a crypto user yes since you will save some fees on converting fiat to crypto and also you can automatically invested your salary to crypto like a form of DCA instead of having a dilemma on when to buy.

This is only have cons since most of us has a regular expenses needed on fiat which consume a huge part of salary so convenience wise it’s better to have a fiat salary instead of crypto. But again it depends on what consumes more either fiat or crypto to your salary as deciding factor for this topic.

Many jobs of the future would require not only an adequate knowledge of cryptocurrency and web3,  but also a user to have it as a receiving account for any opportunity that comes in form of a job, in the region they currently find themselves.
It's worth it for me and I would consider it any time and any day, because of my availability to the knowledge and interest in it.

With the way things are going now, many were already looking for means to make use of crypto as their earning plan for their source of income or salary pay, if we are this inclined to that extent, then we will have to realized the need for getting a job that offers for payments in cryptocurrency, there is nothing bad i this because it will help you to make more earnings from it as well as have the opportunity of converting the little part for fiat exchange and spend for your daily needs, we only have to be mindful of the coin to be considered in making such payment.

A couple of my friends have recently started receiving payments in cryptocurrency, and they are very pleased. The low fees and instant delivery are great, as is the availability almost anywhere in the world. Who wouldn't be happy with that?

I love being paid in crypto. Makes things much easier, you just make the job and receive the payment. No intermediaries.

I received already some payment in crypto for services that I made in the internet, sometimes from people in other countries. This makes payments faster and easier, and even cheaper for me (because bank fees for different currencies are high where I live)


If you were receiving in traditional payment methods, you would have to give much more personal information

Appreciate the very extensive discussion. Just want to add that this topic has been discussed before and just recently as well.

The discussion of having crypto as your salary can be decided by your own if you are going from client to client but if you are working with a contract, like you said there has to be laws and regulations considered if this were to be implemented widely in the workforce.

A recent survey revealed 93% of freelancers around the world want to be paid in crypto or stablecoins. This surge in interest stems from the frustration many face with foreign exchange hassles. Transaction fees and exchange conversions make working with international clients a challenge. Crypto offers a potential solution, streamlining payments and eliminating these roadblocks.

What are the potential risks of receiving cryptocurrency as salary?

🔨KYC and AML Rules Pose Challenges
While crypto salaries might seem trendy, Felix Shipkevich, founder of New York-based law firm Shipkevich PLLC, warns they can be trickier than traditional methods.

The main culprit? Crypto’s notorious volatility. Unlike a steady paycheck, Bitcoin and similar currencies can swing wildly in value. This means freelancers could see their hard-earned income shrink before they convert it to usable cash.

And even though Bitcoin’s price has been on a tear, skeptics warn its future remains a gamble. Shipkevich indicated that stablecoins instead offer more stability. But their value is still tied to potentially risky reserve assets.

He also said that freelancers need to navigate a technical learning curve. They would have to understand digital wallets, blockchain, and the intricacies of crypto transactions. To top it all off, ever-changing crypto regulations throw tax compliance into a spin. These headaches can vary by location and may require specialized accounting help.

Further, KYC (know-your-customer) and AML (anti-money laundering) regulations are tightening. This requires freelancers to jump through hoops with identity verification and transaction limits. In short, crypto salaries come with a hefty dose of complexity.

🎯Tax Bill Might Burst Your Bubble
Daniel Krupka, chief research officer at Coin Bureau, said that unlike the simplicity of fiat taxes, crypto throws a wrench into the equation.
“Whereas it’s easy to calculate how much you owe in taxes with fiat payments, it’s less easy with crypto payments, particularly volatile cryptos like BTC,” he said.

Is it a capital gain, regular income, or something else entirely if you hold onto that Bitcoin and its value skyrockets? Krupka emphasizes that the tax headaches, especially with volatile cryptos, might outweigh the initial appeal of crypto payments for freelancers.

🌧️Hurdles in Crypto to Cash Conversions
Daniel Fayemi, a backend engineer at Bitvavo, said that converting crypto to cash (off-ramping) can be challenging depending on your location. For instance, in the Netherlands, strict regulations limit the amount of money you can move off an exchange without providing personal details.

📣Stablecoins Outshine Crypto for Payments
Matthew Leising, co-founder at DeCential Media, said that stablecoins offer an excellent choice for freelancers familiar with crypto and are relatively straightforward for newcomers to establish.

Stablecoins also provide an opportunity to earn a respectable yield within the crypto economy, such as the current 5.1% on USDC at Coinbase. However, a potential challenge arises with the freelancer’s bank, which may be hesitant about facilitating crypto transactions, especially when converting earnings into US dollars or other fiat currencies, Leising said.

According to Rebecca Liao, CEO of Saga, the good news is that legislators and presidential candidates are increasingly embracing crypto. She believes that once comprehensive crypto legislation is enacted in the US, freelancers will extensively receive payment in stablecoins.

This article is reproduced from cryptonews