CoinTelegraph spoke to employees and freelancers about getting paid in Bitcoin and learnt the pros and cons of this payment method.
Having a salary paid in cryptocurrency offers a lot of opportunities for an employee – from sweet bonuses to long-term investments and more. However, before considering it as a method of receiving your wage, it won’t hurt to ask for some advice. For example, do you know how to arrange conversion of cryptocurrency to fiat currency? What are the advantages, disadvantages and pitfalls of being paid in cryptocurrency? And finally, what kinds of jobs are paid this way?
Niel De La Rouviere, one of the first people to be paid in Bitcoin, said to Fast Company : “I discovered bitcoin in early 2011. At first it was something that felt like play money and almost surreal. I didn’t fully understand all the details back then, but a decentralized, peer-to-peer digital currency was just too crazy and I became intrigued.” High wages, nice bonuses and no paperwork
First of all, you can benefit from the exchange rate: If you do not immediately convert your Bitcoin to fiat currency and instead wait for a more beneficial exchange rate, you may get a nice bonus to your wage (in fiat money) depending on your trading abilities and your patience.
Secondly, you don’t need to do any paperwork – this is especially important for freelancers, moonlighters and those who strongly hate bureaucracy. Nobody will ask you about the source of sum equivalent to $10,000 credited to your Bitcoin wallet , and the wallet itself will not show you a message saying that limits were exceeded and now you have to go through verification/authorization procedure, send a pack of notarized documents or visit your bank. However, this is true only until you decide to convert your […]
