Is it worth getting paid in Bitcoin for freelance work? - page 4.

ohzeih5n

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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.

if you earning good bitcoin will be better for you than paypal or cards. low earning mean few satoshi less than transition fee.

just read more then choose what you want to do

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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.

This the problem with freelancers paid with Bitcoin. The only advantage is if you bet to see the price increasing so you get more for the same job. The problem comes when it's time to report the income on the taxes properly. With the lack of considerations for freelancers and their status it is less constraining to use the traditional methods

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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.

A lot of factors come into play when getting paid in Bitcoin.

The price per coin and the amount of Bitcoin.

If you receive very little Bitcoin for your task and you decide to cash the coins out on an exchange, you might not have enough Bitcoins to pay for the transaction fee.

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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 is worth,if the bitcoin price volatility is low and the buyer doesn`t mind paying high transaction fees.
I`m not familiar with the UK tax system,but you will have convert all your bitcoin earnings into fiat money.
Paying with cryptocurrencies for freelance work is better compared to paypal payments.
Paypal fees are getting insane and the buyers can get a refund pretty easy.

sqcrypto

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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.

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