Is it worth getting paid in Bitcoin for freelance work? - page 2.

peopleupsetmeup

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Quote from: sqcrypto on December 16, 2017, 06:35:21 AM

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

It depends, if you use the BITCOINS for holdings, is good but if you need the money for a living it may be some hard work to convert BTC into FIAT without fees.

patispace

member

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Because of your concern, it seems to me that this whole issue of cryptocurrencies has been quite far of your interests throughout this time, so if at this moment you have more need to have cash, you should not feel obligated to accept bitcoin, although in my personal case I would try to negotiate 50% in fiat money and 50% in Bitcoin.

BCTBF

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Quote from: sqcrypto on December 16, 2017, 06:35:21 AM

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

Yes, certainly worth it. In the service section many people like you who offer services and are willing to pay using bitcoin, yes because this is a bitcoin forum. If you are already here, you should already know here people are talking about cryptocurrency, if you are not willing to pay using bitcoin, then your place is not here. It's just a simple example, I do not mean for nothing. Hopefully you can participate here and offer services well. Good luck!

alani123

legendary

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Leading Crypto Sports Betting & Casino Platform

Of course it is. I've been doing that for quite some time for content creation work and it's been working really well. And if at some point you don't believe in the potential for bitcoin's price to rise further simply ask to get paid in an exchange's address and sell your funds for FIAT money when you get them. It's quite easy to handle bitcoin payments as a freelancer and the plus side is that you receive them instantly. It really is one of the most convenient ways to get paid as a freelancer.

annoying_tiger1

newbie

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I prefer BTC than paypal, did some 'profitable' translation jobs when btc was around 5k, txn fees were very cheap, however with the actual price converted to an average wage i dont think is worthy

jlanzago

full member

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Cryptomooniac - to the moon and beyond...

I think it is worth it, depending on how much and the nature of your other income. The downside is that Bitcoin and other cryptos are very volatile compared to fiat, so if you need them during a bear market (which may last only a few days) you may have to sell at a loss. I would take them provided I have other income.

Maheshkumar_Hrangkhawl

sr. member

Activity: 600

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I don't care the medium of payments, as long as the salary is decent enough. If I earn somewhere around $10 per hour, it is going to be OK. I don't really care whether my employer pays me using PayPal or Bitcoin.

DogeMe

newbie

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well , it's way better to be paid in cryptos instead of fiat , cause the $ will not triple it's value overnight but cryptos can. Also be very clever what kind of cryptos you will accept tho.

Sweeet123

full member

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Well it is worth getting paid in BTCs for freelancing,just try to understand the tax rules for cryptocurrency in your country and whether it is gonna favor you or not, if it doesn't, would suggest you to opt for some alternate method to accept the payment that would be conducive to you

LodisMcguire

sr. member

Activity: 546

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If you're a freelancer then it's worth it,just dont sign a long term contract,in case of BTC price crashing
Just do a short term work and save your bitcoin or trade it in the market,you can make profit by just doing that

gigatux

sr. member

Activity: 343

Merit: 250

it depends because if you are in other countries they will charge you with taxes (mostly Europe countries).Even in our country, they might implement or consider taxing us if the Bitcoin community continues to spread its influence or trend to my fellow citizen. but currently I'm not facing any problems with bitcoin and I think that it is a very honorable job where we got to see different kinds of people and culture. it is not always about the money but also your experience and interaction with different kinds of people and how can diversity compliments each and everyone's uniqueness.

GreatOrchid

legendary

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It depends, if you are on the UK, you will have to pay taxes for all your earnings, only because you are on the UK.

But it only applies if you are looking to make a living from this "freelancer work"

Quote from: sqcrypto on December 16, 2017, 06:35:21 AM

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

I suggest you to do it, only if you are aware of how your taxes for cryptos works in your country, i do not know how they work at 100% because i am not from there, but in my country it works almost by the same way.

You need to pay 10% over all your earnings

nufeils

newbie

Activity: 15

Merit: 0

It is certainly worth it. Bitcoin allows you to work for anyone, anywhere in the world - and get paid accordingly without having to worry about frauds or scams once the transaction is sent. Its great for freelancers.

fattyforhire

full member

Activity: 364

Merit: 100

Quote from: sqcrypto on December 16, 2017, 06:35:21 AM

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

I think this kind of work and payment will apply to the section of freelancing. Because in this way you will work for yourself and make money more than usual, without taxes and government regulations.

Swopon

copper member

Activity: 700

Merit: 120

Gamdom

Yes it is.Actually it's great because bitcoin price is growing day by day and if you got your payment today with btc then suppose you hold them and you can sell them when btc price will grow a very high level.See you got your payment and get a huge amount of profit by holding them

darkangel11

legendary

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Don't let others control your BTC -> self custody

Quote from: JohnBitCo on December 16, 2017, 12:08:36 PM

Well in my country, even freelancing is not taxable and traceable as most people work online and get income in dollars or skill and other online payment methods. Bitcoin has made payment through freelancing more easy and now people can easy get their reward of online work though bitcoins.

That's some great country, believe me. I have heard of countries with 0% income tax, like Qatar, but it's among a few extreme cases. 90% of countries have income tax and it doesn't matter if you're employed by a company or running your own business.
I'd say it's worth getting paid in BTC because the chances of losing money on this deal are small, while you can really win a lot by holding. Don't act on my opinions though, I'm a gambler, I have some savings and I like my chances here. It may not be a good idea if the life of your family depends on your income.

Quote from: Baitcoin on December 16, 2017, 12:54:27 PM

Definitely worth it but kinda risky! I'm a freelancer too but I haven't found any work that pays bitcoin. If ever you get paid in bitcoin and you hodl, as long as the price will continue to rise then that would be great for you.

Go to the service section of bitcointalk. Plenty of work for BTC to be found there including graphics, coding, translation, social media management, advertising...

Baitcoin

newbie

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Quote from: sqcrypto on December 16, 2017, 06:35:21 AM

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

Definitely worth it but kinda risky! I'm a freelancer too but I haven't found any work that pays bitcoin. If ever you get paid in bitcoin and you hodl, as long as the price will continue to rise then that would be great for you.

dontbefazed

newbie

Activity: 22

Merit: 0

It's good, but I'd do 50/50. Why not? Take the risk and see what happens. Worst case scenario, you're able to trade the Bitcoin into other altcoins. And figure out what the best thing to do is

777asianinvasian

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🌟 MIRA ICO 🌟

Quote from: sqcrypto on December 16, 2017, 06:35:21 AM

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

Depends if you want to gamble on your livelihood. If you have funds back then I would say yeah take the investment and see what becomes of it. Worst thing happens is you lose a few months work best thing is you gain a few years worth of living. But do know even if you do this you will have to pay tax because you did provide a service that aspect is not negotiable.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Quote from: Skieleton on December 16, 2017, 12:20:51 PM

I am a graphic artist and as for me it is a payment like any other. However, it is more convenient because we avoid taxes, and as we know it is quite uncomfortable.

Not for long Wink

and don't start telling people that you're taking bitcoins to avoid taxes.. You never know who's listening.

Quote from: Sangkuni on December 16, 2017, 12:30:02 PM

yes, i think its worth

...For example, if you get paid $ 500 in bitcoin, then $ 500 could be 1000 $ in the future, due to the rising bitcoin price on fiat money Cheesy

Or it could be $250. You never know so don't be overly positive or it may bite you in the ass.

Topic: Is it worth getting paid in Bitcoin for freelance work? - page 2. (Read 463 times)