Bitcoin Forum

Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments.

Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks. :)

Fiat is bad if employees want to have Bitcoin? They will have to pay fees to buy Bitcoin with fiat.

Paid in Bitcoin has pros and cons. Bitcoin is volatile and if payment is processed before a big crash, $100 in payment can be dropped to $80 after one to few hours. Employees don't like it.

I would like to receive my payment in USDT and after I wake up, I won't lose any in fiat value. If I want I can use $100 USDT to buy Bitcoin anytime I want. USDT transaction is faster than bank transfer.

"Better" is subjective, and it will totally depend on the person accepting the money.

Totally going to depend on bitcoin demand.

Working "under the table" or not is going to depend on the work and the terms agreed upon between the 2 parties, not necessarily the currency paid.

The tax part depends on the region, and there aren't many places where one can get an official salary in BTC, I believe. And apart from the unstable price, we also have to deal with unstable fees. Not to mention the overall lack of places where one can actually pay with Bitcoin.
I believe the currency should be of employee's choice and decided on an individual basis. For now, I think fiat will dominate, as there often isn't enough infrastructure and proper legislative framework to pull this off with cryptos.

For me IMO i think it's better if employees will getting paid in bitcoin but its better way only unless if the value is keep increasing, ;) because if the value is decreasing you will receive a lesser amount every pay day which is not good.. Unlike fiat that very stable maybe a good choice to keep it as is and better to wait for 13th month pay than waiting for the bitcoin price to increase just to double your salary because it's not stable. Just imagine if there's a long bearish season how's your salary? Lmao

i am from the UK and so avoiding the pound(£) has made me out of UK financial jurisdiction.

during 2012-2015 many merchants were happy to accept bitcoin. fee's were cheap to accept, so then they send to an exchange and then for them to get their £ they wanted.

but now. with all the 2017+ cludged code added to stifle bitcoin to promote sidechains/altnets. merchants find these subchains/altnets too crazy to get involved in. (many flaws, and many ways to lsoe funds or have payments bottleneck)

and fees to remain 'bitcoin accepting' too high to accept onchain.

its now been found cheaper to convert my hoarded coin into a fiat debit card thats not the £(avoid jurisdictional tax tracking)
and then spend the fiat and accept the few % forex exchange rate every time i use my debit card in the UK

yep
bitcoin has become so bad onchain due to 2017+ cludge code.
that its actually cheaper to convert to a non native debit card fiat and spend funds using a 'forex exchange rate' (use a dollar debit card in the uk)


these sidechains/altnets that have been the promised solution to the bitcoin cludge.. have been operating for like 4 years. but these other networks are erroneous, flawed bugged and too much hassle to operate and maintain. (payment success rates are not guaranteed for amounts $25+)

and yet 4 years in bitcoin (2009-2013) had thousands of real world merchants accepting bitcoin and even had conversion gateways like bitpay.

seems there has been too much wasted time in the developer land. where they have been concentrating on trying to offramp bitcoin utility and promote to newbies that they should use these other networks.. but not actually do much on these other networks to actually get it working so that those merchants that accepted bitcoin 2012-2015 found it as easy and cheap and without flaw/irritation to accept payment on these other networks as easily as they did accept bitcoin in 2012-2015.

so yea.. for now im using debit cards(facepalm)

I'm getting paid in LTC on my second job. And i like it, i'm withdrawing some part and the holding the rest of it.

It depends on the person, for most people today it is obvious they will prefer to get paid in fiat than to be paid in bitcoin, they are not going to want to go through the trouble of finding stores where they can buy stuff with their bitcoin directly or accept the fact that their salary can become smaller if the price of bitcoin happens to crash, however there is a minority of people that could be willing to accept bitcoin as a payment and that is good enough progress when it comes to the adoption for me.

I am not sure about bitcoin being used for salary given that it's not as widespread in used in many establishments like stores, restaurants and other shops that you can buy goods and services and there's also the volatility that you have to watch out for, one day your salary goes up and the next day it's suddenly half. I would stick to fiat for now as a salary for work.

Of course through bitcoin is much better than fiat, because with crypto currency you will receive a full payment every week or every months depends when the salary will be made without tax. Wherein unlike fiat that you need to pay for something every payday and it's very expensive to be honest. because sometimes they took 20 percent from your salary.. I was like damn! ok i'm the beneficiary but seems unfair in my personal opinion. Lol probably if i can decide which payment will be used i think we should switch to crypto currency not that fiat anymore because it's not really fair for those employees who's working 8-9 hours especially those always have overtime that only received $1 for every exceeding hours when it comes pay day.. How sad.

If you go through the list of companies that pay its employees in terms of bitcoin is by choice and not by compulsion. The employees can decide whether to get paid in terms of bitcoin or fiat. Though fiat payment have got more advantages, people doesn't take it into consideration. Maybe a small portion will go as savings/investment whereas the major portion is used for daily/life needs.

For this reason only a little people who work abroad accept bitcoin as payment, because it gives them the ease of transaction without the intermediate and can avoid additional charges and procedures if transferred in fiat.

You can't say Bitcoin is better than Fiat, with its volatility, it's either you'll win or lose with your day-to-day payments, one thing I also want to clear out is that you can never say that you'll be able to avoid taxes with BTC as payments, there is no middleman but it is possible for your salary to still get cuts depending on the price.

And, in my own opinion, I honestly think that Fiat is more practical, especially if you have a job that pays you a huge amount, fixed price, the tax maybe a downside but you are sure with the amount you'll get, meanwhile, with Bitcoin, the enemy is the volatility, it could be a friend or an enemy, you can get an advantage once the price is going up, but with the price going up, it also must go down, therefore, the amount of Bitcoin you'll get heavily depends on its price, this is the downside with Bitcoin, but a risk I think a lot of people are willing to take.

It depends if you are knowledgeable about bitcoin and how cryptocurrency works in the market and in the industry. You can really engage in to something that you don't know.

Getting paid in bitcoin us much better for me because I know how to use it and I have some other funds that I can utilize for personal use.

But if you really need the money immediately then choose getting paid in fiat instead, be practical.

I don't know whether there is a need for people to get paid in Bitcoin. Because we can already buy Bitcoin with fiat money that we earn at work. But when fiat money is fully gone, then we can see more people getting paid in Bitcoin and the digital currencies.

I think this is more of an individual's choice whether he chooses to get paid in bitcoin or fiat. And eventually there's no wrong being get paid in bitcoin as long as he knows how volatile the price that it can get into lower value any time.

For me, since fiat still dominates the financial system, it would be better to choose being get paid in bitcoin. With all the money i have, i know i will be able to accumulate bitcoin if ever i decided to buy some of them as part of my investments.

Seriously? It would be interesting to know a little more about your second job. Is it related to crypto?
But you don't have to share if you think that would violate your privacy. I can understand that.

For most people payment in fiat is better, because it's widely accepted by every stores and services. If they received their wages in bitcoin, they would have to convert it first to fiat in order to use the money. This operation would decrease their liquid wage and purchasing power, since a percentage is needed to complete the exchange.

On the other hand, if the person doesn't use his wage entirely during the month and save a lot of money, it's better to get paid in bitcoin, because this way he will cashout BTC more rarely, paying less fees, and consequently having a large bitcoin growing investment without the need of purchasing it every new month and paying more fees.

The key point is how much you can avoid paying in fees by getting paid in Bitcoin or fiat. So it really depends on each person.

This is a now question option, I wouldn't even think it twice before choosing the bitcoin payment option. Only a complete numb would prefer payment in fiat ahead of bitcoin. Even having fiat in my local bank account feels as though I am stressing or loosing something not to talk of receiving payment in bitcoin.
Bitcoin is not just a currency, it is a valuable investment. One who has got bitcoin has also secured an investment that appreciates more than its depreciation. Having the mindset that bitcoin is secured and would last is the hope and also, not believing is the main reason why people would often prefer otherwise. Its of great advantage to have an investment in bitcoin even as you diversify your investments.

It’s in the person to decide which currency would they want to receive in exchange for their work or their craft. I myself am okay receiving cryptocurrencies for something I do on the side, as I add those into my investments stash and merge it with my other crypto holdings. I am a bit afraid to do KYCs to enroll on exchanges due to different data leaks from even huge companies, so I ensure that I only do basic verification to just exchange a few coins to cash whenever I need to and that’s just it. This question is highly subjective, as there are different use cases for either currency.

I think it’s a good idea to get paid in fiat monthly & then buy whatever amount of bitcoin regularly as you please. It’s cool in a bull market if you get paid & then all of a sudden the price goes up 20% & you obviously have 20% more money but obviously the same can work in reverse & it might lead you to not being able to pay your bills & eat for the month :D

So in conclusion just get paid in fiat & DCA whatever you can afford into bitcoin. 

According to statista.com, inflation in Venezuela (compared to the previous year) is over 2350%, followed by Zimbabwe with 550%. Imagine being paid in the national currency in countries such as these.
You've literally lost quite a bit of value before you even get the money home.

https://i.imgur.com/baJYwbp.png

So, yes. Having a salary in bitcoin makes perfect sense considering the inflation of national currencies.

I think this all depends on a number of factors.  For most people getting paid in cryptocurrency is simply not practical or feasible.  Let's not forget that most bills can only be paid with traditional fiat.  I really don't see much of a reason to accept your salary in bitcoin other than not having to pay for purchasing the coins on an exchange.  Why not just get paid in fiat and then buy the bitcoin on an exchange or over the counter as you please. 

Those that don't like bitcoin to receive as their salary, there's the reason behind that and they're aware of the volatility that bitcoin bears. And to those that are willing and happily going to accept payments in bitcoin, they also know what they do and it's like a direct buy of bitcoin but less hassle since it's coming from their employees. Well, in the future we're going to see more jobs paying in bitcoin as long as there's an agreement between the company and the employee and both sides are willing to cater to both needs and meets their end.

I personally prefer to be paid depending on what kind of work and where it should be done.
For example physical works that are near me I would prefer to be paid with Fiat,
But if it's online and the payment would come from somewhere far from me then of course I would prefer crypto for faster transaction.
But if it is about salary at work if I have to choose then I would prefer it to be the regular one (Fiat) so I could control how much I would put into crypto for savings.

If you have a family to provide for, bills to pay, and groceries to get which is probably every single person here on the thread, it probably makes sense to at least get paid enough to be able to cover those. However, if my job offered to partly pay me in Bitcoin I would probably accept that, it would save time having to convert fiat into Bitcoin at least, and avoid expensive fees on my behalf.

I was given the choice to be pay in Fiat or in Bitcoin and I declined full payment in both.... I opted for a 3/4 payment in Fiat and a 1/4 payment in Bitcoin. The reason why I did that is actually very simple, because most of the things I have to pay ..do not have the option to pay in Bitcoin and also, I will convert almost 1/4 of my salary into Bitcoin in any way.... so why not have my employer do that for me.

I save in transaction fees.... so it is a win/win for me, if the employer pay me with Bitcoin. (It is just a headache to explain this to the tax authorities, because they are not on par with salaries being paid in Crypto currencies)  ::)

What I would prefer is when the btc payment is fixed to fiat (e.g $100 worth of btc) would be great, this will prevent the receivers from the market volatility, receiving payment in btc is only good when the market is very big bullish, but when the dip occurs, any project paying in have plans for the project and wouldn't want anything that will affect the price, however,  there are also few alts that pay in alts tokens which are actually worth is þþ because such tokens already trading in the exchange.

Probably the best way to go about it. I've got no chance that my employer offers in Bitcoin payments, but would take it in a heart beat just to save on transaction fees, and it should help with keeping records of tax just because there's not as many entries, and simplifies the process. Otherwise, you have to figure out when you got paid, what price you paid for the Bitcoin, and then if later sold how much you sold it for. Whereas, if your employer pays you in Bitcoin, they can do all the work for you in one transaction, rather than spread out via two or three different transactions, for the same end result. I guess it depends on what country your paying taxes in, but this would be classed as income tax in the UK I believe, and is treated the same as fiat, however I do believe if you do withdraw in the future you'll be subject to capital gain tax. However, I still think its more clear for bookkeeping, since you don't have to factor in fees etc.

^ When there is a chance that BTC is allowed in your country to use as payment, why not?
BTC payment is very easy and also very handy to keep safe your fund but I don't think there are industries that will give a try to choose them since BTC is not yet government-friendly. But to be honest, having BTC as your salary is much better, it fast and very low cheap upon sending even across borders we can still able to send out our fund.

Bitcoin is very volatile since day  one but maybe when bitcoin will be given as a salary in the future, its value will be already fixed. I'm afraid if i chooses bitcoin and suddenly the price dumps, so i would end up having less amount of salary received.

For now, since bitcoin is not yet totally adopted as a legal currency, i prefer to get paid in fiat. The basic needs are mostly paid in fiat and only few merchants are only receiving bitcoin as a payment. Maybe in the near future, bitcoin will already be served as an option to fiat, then that's the time that i will choose bitcoin over fiat.

There's some quite clear drawbacks to having all of your salary in Bitcoin. Not all merchants, and stores accept Bitcoin, which you would likely need withdraw from your Bitcoin if you needed to buy anything. Things like bills, groceries, and general day to day items that can't be bought with Bitcoin. Until groceries, and bills can be paid for Bitcoin its probably best to only be paid partially in Bitcoin, and not completely.

in my opinion it is still far from being good to receive salary in bitcoin and the main reason is:

- How would it be possible to deduct the monthly pension percentage if the person receives salary in bitcoin?

- How would it be possible to discount the life insurance if the person receives salary in bitcoin?

- in the case of the person's death, how would the relatives benefit from the salary?

Well, I can able to accept both of them and even bitcoin is allowed to use in my country. Perhaps the reason, not all countries using bitcoin as a salary is just because it is hard to obtained tax in bitcoin and it could be the company might in risk in the country regulators.
However, we still don't know about the bitcoin improvement and this will depend on the company if they will be able to pay bitcoin rather than cash without consequences to the government regulations and if this is not against to Department of Labor and Employment ^[DOLE] in every country.

This is indeed a good step towards a world that is run by decentralized cryptocurrencies and not by oil executives-backed fiat currency. But as of the moment the leading cryptocurrency bitcoin is still on a long way to go I believe. Perhaps this is a good experiment to see how people being paid in bitcoin would behave and such but besides that fact, the volatility and the tremendous amounts of fees someone would need to pay in order to make use of those bitcoins is inconvenient for the people who are getting paid with it. I believe this will work best when we find a solution towards the slow and expensive transaction process of bitcoins and most coins in the market for that matter, along with their volatility. This is also a good reason as to why bitcoin may not see large-scale usage at least within this decade. Governments are still yet to find a way for cryptocurrencies to be taxed which is not entirely a good thing for the users but is still a needed implementation in order to have bitcoin/other cryptocurrencies in the market be allowed to operate.

Of course the payment in bitcoin for salaries.
That simple can be. An example: If in an office job you usually receive $ 1000 a month. Your boss may offer you payment of your salary in bitcoin. That would be the equivalent in bitcoin at the time he decides to make the transaction. I would accept the agreement immediately if it were my case.

The world is changing in relation to how money is moving.
I was surprised a 12 year old boy in London wins $ 160,000 in an NFT collection.
Last year we talked about the impact of DeFi but this year NFT is a boom where the youngest are entering. As a paradox even the IMF has a discrepancy towards bitcoin, if institutions like these do not accept the changes I think it will be on our part that we will take the initiative.

https://decrypt.co/76759/weird-whales-nfts-12-year-old-ethereum (https://decrypt.co/76759/weird-whales-nfts-12-year-old-ethereum)

I'd have to say that due to the volatility and the fact that BTC isn't accepted in common places as payment would mean that its utility to people wouldn't be as much as what fiat can provide. You can't buy food or pay bills to your local store/shop directly with bTC and that's the more eminent problem.

I believe that decentralised digital currency is the way forward but I do see an awful long time for the infrastructure to be ready to be able to pay with it just as seamlessly as with fiat.

As the owner, I prefer to pay the employees in Fiat because it will be easier for me to prepare the amount of the fees. Paying in Bitcoin isn't a bad idea but seems more difficult to prepare the total fees. Bitcoin value is very volatile, it can go up and drop in a short time. If on the payment day the Bitcoin value is decreasing much, it means I should rechange again the number of Bitcoin for my employees fees. This will be complicated because there is no a fixed number of Bitcoin that is suitable with the total fees for the employees.

If it is about the salary in real life, fiat is the choice because so far, crypto is still not legal as the payment method in my country.
But if it is in the crypto world, both Bitcoin or fiat in USDT or others will be no matter for me.
Every payment has its plus and minus.
Bitcoin itself has high volatility where we can see the up and down price in Bitcoin. So, the right time to sell is the best way to get profits from the BTC. but, if we ar,e not ready enough, we may also get a lower rate as it was sent.

I think both are okay and it's up to the worker to choice between which one suits him/her most, bitcoin is better than fiat only when after payment the price goes up due its volatile nature, whilst getting paid in fiat might seem better because its stable and won't drop in value, if the employee wants to take a risk then bitcoin would be a better option, also mass adoption is already taking place and I believe we will start seeing more businesses offering bitcoin as a payment method for their employees.

Maybe 10 years from now as these companies are also considering that but the problem is the volatility of Bitcoin and I don't think that they will be supposed to pay their employee to fix rates? If that be going to happen, I always preferred to have BTC in payment as there is no problem in my country. But I'm still expecting that majority will choose to get paid for fiat as the majority of the establishments aren't accepting Bitcoin. That I only choose BTC for payment for the intention to hold it and as a sort of investment, not to spend them after receiving.

For those of me who already understand how Bitcoin works, really expect salary payments with Bitcoin. But the problem is that many people don't
really understand Bitcoin, so they will complain after the salary is given in Bitcoin, soon the price will drop. Even though if they are patient
the price of Bitcoin can go up again, it can even go much higher. So for now it really needs to be done a lot of education first before the company
provides salaries with Bitcoin to its employees. Moreover, not all countries legalize Bitcoin as payment, so it is not effective at this time to get
salary payments in Bitcoin.

There would be some possible option to be given in the future but depending on the company on where you are working with because not all would really be having the same impressions towards bitcoin

its neither they would really be looking positive but for sure majority of them would really be on the negative side.So better not to expect that much on this matter.

If you are eager to accumulate bitcoin then you can always buy if you wanted to on other ways not just waiting for this change up.

If bitcoin was going to be my preferred choice of payment then this has to have not less than 15% more to account for any possible loss of value as crypto is volatile which would be an extra cost on the employer side.

But even though am on cryptos side it would be better to get paid in fiat as it's easy to handle and to avoid lost value from crypto that could be because of holding.

A company wouldn't willing to do that. What incentive do they get for doing that?
There has to be bargaining because the company does have the option as well. If that is what you demand, they'd just stick to send digital fiat which is fair to them.

If I was the company I would rather be choosing the stablecoin for the employees and it's up to them if they convert to BTC. Stablecoin is fairer probably prefer the TRC20 for a cheap transaction fee.

Like the reasons you said, I think bitcoin is not recommended as a means of payment for one's mainwork (formal), services or sales with capital that is set in fiat value where the salary or profits are spent on daily needs.

Based on my experience, bitcoin is a very good option as payment for a side job (freelancer). Because it is not a basic income, so there is no need to worry about fluctuations. Interestingly, this income can be used as future savings that offer unexpected profits.

Fiat currency is still better for paying employees but the owner can suggest to their employees to invest in bitcoin monthly to have an investment that will give them more money in the future. That is if the company is aware of the newest technology and wants to help their employees improve their finances. But mostly, the company will not suggest like them instead ask their employees to follow their rule and still use fiat money to accept the salary.

Maybe that will apply in the future, especially if the government suggests that their people use bitcoin and the local store support the payment using bitcoin or other coins. But fiat can still dominate the jobs industry, especially if only a few local stores accept crypto.

It seems that time will still be far from now because that will depend on the government approval of crypto. If the government deals with crypto, we will see the payment method in many countries will change from fiat to crypto.

It depends on which way they want. Both bitcoin and fiat currency have their own advantages and disadvantages.
advantages

• Bitcoin is decentralized. It is open and transparent. Now it is no tax on the use of Bitcoin and full payment can be received. When the price of Bitcoin rises, additional income can be obtained.
• For most people, they are accustomed to paying with fiat currency because it is widely accepted by every store and service. And the price of legal currency is the most stable and will not appreciate or depreciate by a large margin.

disadvantages

• Bitcoin has not been widely used in more areas. Many areas prohibit the use of Bitcoin for payment and cannot use it to buy daily necessities. And its price is unstable and risky.
• Fiat currency is controlled by the government and must be taxed.It is precisely because of the stability of legal currency that it will not appreciate in value like Bitcoin.

This might sound like a good idea from a Bitcoin adoption perspective but I don't really think I would want Bitcoin as a means for salary payment reasons are,

I believe everyone working in which ever country pays tax and there will be no way the Government will now allow some certain organization to start paying in Bitcoin where the people will now invade tax payment, So I believe you still will pay tax on it as long as it is for your salary.

Fiat will normally just go into your account and you can withdraw and spend or even use your debit/credit cards in most if not all of the stores for daily needs but I know for a fact that most of us don't have this Bitcoin access readily in most of our countries, so what next?

You will have to still sell that bitcoin into fiat for your daily shopping which will take some time for the transaction to go through and plus transaction and withdrawal charges. I will still like my Bitcoin to remain as an Investment for now until such a time or place we can really spend it seamlessly without too many delays and charges.

I have seen similar posts before, and my answer is that if the employer pays with Bitcoin, I will choose Bitcoin. If it is other cryptocurrency, I will see if it is valuable. If possible, I would choose half of the cryptocurrency and half of the fiat currency, because fiat currency is still used in daily life, but now the use of cryptocurrency has also increased. After the volatility of cryptocurrency gradually stabilizes, I will use cryptocurrency to pay wages.

I think this post can also answer this question.

https://bitcointalk.org/index.php?topic=5351333.0

I personally choose fiat currency to pay, thinking that Bitcoin is not as widely used as fiat currency in daily life. If I want to invest in which currency, I can choose to invest part of the salary instead of the entire salary. Because I still need daily expenses.

Ok, I will try to answer your question from my point of view.

It depends on the employees. Some employees don't know and even care about bitcoin. Few more employees know about bitcoin. So, Employees who don't know and care about bitcoin would be better off getting paid using fiat. Because it's useless to give bitcoins to people who don't know how to use them.


I don't think so. Unless they work with the bitcoin community. As we know that companies in a country will comply with the laws that have been set by the government. If a country prohibits payments (including payroll) using bitcoin, the company will not pay salaries in bitcoin.


This is very subjective. I can't answer for sure

Look here guys we all need to have food to eat and pay our rent. So for me I would rather get paid in fiat first for all my needs and Bitcoin later for all my savings. Or almost all at least. But not everyone has an employer who has that choice to make.

I'm lucky I have a job and a small campaign on forum for a bit of BTC. Lucky because I actually have to sell that BTC every month a portion so I can be comfortable. It works out and I don't want it to change:)

Depends on the context though, what if stores and establishments that provide product and services are accepting bitcoin then probably you can choose the salary paid in bitcoin but if we are looking at it in a realistic perspective, I think that it's a no brainer to choose fiat as a salary rather than the alternative.

Bitcoin payment will depend on the company's capacity to do it and the agreement between the employer and their employees. It would be unfair if people will get paid with Bitcoin if they don't know how to use and access it. However, Bitcoin payment would be faster and convenient but lots of people still need knowledge about it first.

I don't think there would be no problem paying in Bitcoin or Fiat as long as they have the consent of the person. I personally liked to get paid in Bitcoin since right now I'm saving as much as many Bitcoin as a personal investment. I know the risk of course but still if they pay me in Fiat I will just buy Bitcoin, so why not pay me in Bitcoin so I would be able to save it and save from spending in transaction fee.

But the problem with that is if the markets in your locality are accepting bitcoin or are still on the traditional side of things which is fiat because that can affect your decision whether you should go for an all bitcoin salary or not. For me I would choose bitcoin as a salary as long as there are nearby places that I can convert my bitcoin much easier.

Bitcoin was too expensive to be used as payment for employees despite of its volatile character, and if it will be pushed to divert on this idea everybody should have crypto litteracy. With respect to job industry, fiat has already been dominating for several years but on this matter I guess there's no circumstances arising. Let's just remain this way for the main time, maybe in perfect time job industry will soon adopt this kind of salary payment using digital currency.

I think it should depend on the employees preference. If they are not well aware or familiar to what bitcoin is, then they would recommend having their salary in the form of fiat and if the employee is knowledgeable enough with regards to bitcoin, then they would prefer receiving it on that currency then. If it is only for me, I would rather have my salary in fiat first, since bitcoin is at risk of going down more on the next few months. It will surely affect my living once that happens. If ever bitcoin is in good condition, I would then suggest having my salary in the form of bitcoin. Not only in the preference of the employee but also the timing you should rely your decision with.

Fiat doesn't just become dominant for a few years, it's a few decades and what makes it possible to maintain and store all the capabilities and charms for the user is security and stability, almost all employees from the moment they receive their salary in fiat can use it immediately while bitcoin always needs confirmation and then still a confirmation, sometimes the bad network also affects the transaction. As an employee, I don't need to understand bitcoin or its creation, I just know my salary is needed every month so I can use it freely, reduce the pressure of life and relax.

What the problem to buy crypto with your fiat salary?

We have seen some workers demanding salary in bitcoin already and companies willing to make such payment like in case of miami as they get paid in bitcoin because of crypto friendly regulations in that jurisdiction.The fees could be issue for worker class sometime and they need to be little bit more careful in safeguarding their private keys as they are prone to hacks.But with btc going mainstream the adoption rate is going to rise and for sure the demand is going to increase.But my concern is how will companies pay salary to all employees when 21 million btc will be mined and supply cannot be increased but more people will be making transactions then and coins in circulation will be high as people won't always hold them.So hope for its betterment.

I'm not sure why you consider avoiding taxes to be a bonus, everyone in a decent society should be pooling their resources to fund projects for the public good - it's what goes to pay for roads, bridges, emergency services, defence forces and all sorts. The things that keep society moving and safe in many ways, claims like that are more damaging for Bitcoin than anything else. As for speed of payment, I have always found bank to bank transactions to be instant so that is a poor "benefit" although it may be relevant to some countries where banks are poorly integrated. Many people in the crypto space also use exchanges rather than personal wallets and this can actually be much safer for a general user than a standalone device vulnerable to hacking. Cryptocurrency has a place and certain advantages, but I definitely prefer my salary in a stable currency.

I would love to be paid in full Bitcoin I would take some out that I could use to buy things that I cannot in Bitcoin but I would probably keep over 80% of my wealth in Bitcoin if this was an option I had. I have a big portion of my wealth invested in Bitcoin anyway but I cannot afford or justify the fees that I would have to pay if I was regularly buying into Bitcoin that is why having it as a salary would be better because you avoid those fees.

better or not, of course it comes back to their respective choices because not everyone likes bitcoin it is everyone's subjective choice because of course there are still many people who still use fiat.
apart from that it is true that if the work is paid for in bitcoin then the demand will definitely increase rapidly and that's for sure.

if we receive our salary from the company, if I will definitely receive a salary in fiat currency, because if with fiat money our money remains on the market our salary, no more and no less, but if we accept it with bitcoin, of course we must be ready with a risk, if the price goes up we will get more profit, but if the price is down, of course we will lose some of the salary we receive, it all depends on each choice..

Maybe for some employees who know and love Bitcoin it will be very easy to accept it. Not for those who feel fiat is everything. so it's better to use two options to balance what an agreeable employee wants with what he or she wants to receive from his job.
We doesn't really mind that, because both are important to continue to hire employees without having control over their payments.

what if you work in a formal company? they already know your identity and you may need some verifcation before you got your salary and in a company there is a person in charge for paying the salary of the worker ( or middleman )

if your a fan of bitcoin you will say that bitcoin is better payment for salary over fiat . our life now is starting to engage more in online and soon bitcoin will overcome fiat because bitcoin is the best payment method to use online .

Yep. Even people who know Bitcoin probably don't want to be paid in Bitcoin as they know it is very volatile. If it is their primary job, I am sure they prefer to be paid in fiats. It will be easier to use fiats to buy all stuff (goods) and the value of fiats isn't volatile as Bitcoin. All the employees should think about this, and they are likely to choose fiats because of that consideration. We cannot force them to be paid in Bitcoin, especially in a country that Bitcoin cannot be used as a legal payment tool.

Getting paid is pretty awesome for bitcoiners and crypto enthusiasts, but for people who lack knowledge about how bitcoin works I think they will find it very inconvenient, since they are already used to getting paid in fiat which has a stable value unlike bitcoin that is volatile and the amount of their salary might reduce in short notice, I believe they only think of the disadvantage and forget the good part where you get paid and then the price of bitcoin pumps, but we can't really change that since most people are always negative minded.

Alternatively or preferably such payment can be made via a stable coin such as USDT whose value is more stable which I believe is better than Fiat because of involvement of the bank and tax deductions, unfortunately majority of the employees who are cryptos oriented prefers Bitcoin payment whose value is very volatile and unstable, personally I will prefer a USDT or BUSD as salary payment a drop in the price of Bitcoin immediately after payment of salary is a drawback likewise an increase in price is an advantage thus a win-win situation but it still very risky especially in a bearish season where price dumped rapidly or massively with a short period of time.

I prefer to be paid with bitcoin, its fast and borderless, as remote workers, i really need blockchain to get paid, i cant imagine if i were paid by fiat, how long is it to get to my account and converting to my local currency, its will taking so many times.
So, bitcoin still the best for me, and it will be my trusted personal banking to save my money.

In fact bitcoin has not yet become legal tender in many places so although bitcoin is a lucrative currency if you pay with bitcoin many employees will not be able to use it properly that's why most companies pay at fiat currency is ubiquitous, and everyone can easily use cash to buy goods. It will take a long time for big companies to pay with bitcoin there are exchanges that support the input and output of fiat money so called fiat exchanges and exchanges that exclusively support the input and output of cryptocurrencies.

Employees, if you are going to ask them, they don't want to be treated like robots. They want to be treated fairly and for them, at least as far as I am concerned, they do not want to be paid in a currency that is volatile and might crash at any minute. It's like hyperinflation in steroids if you are going to ask me. I would still rather be paid in fiat currency since it is at least still stable an still be able to deliver a much fairer advantage compared to bitcoin.

Both can do the job. The whole point is none of them and replaces the other one, fiat and bitcoin are both payment methods and both are useful in the right place. Getting paid in bitcoin can get interesting for the people who care about investing and they can get profit out of it and surely they will stay away from the inflection rate like some companies they paid their employers in bitcoin and after the price rise to 62K level, the employers got amazing profits. But, on the other hand, fiat can be much smoother to cash out and more suitable for people who are not looking for investment but want to cash out their money faster.

Actually I prefer if I work and get paid with Bitcoin, with a note that the amount of Bitcoin paid remains unchanged.  Because the price of Bitcoin fluctuates, it will hurt us if we are paid with BTC and at that time the price of Bitcoin is falling. 
And it seems that FIAT will be the best choice to pay for our work, and we ourselves will buy Bitcoin after receiving payment from our work.

if there is a company that pays bitcoin, lucky to be its employees, where if you use the current value of the bitcoin price all of its employees will definitely prosper, but in fact many companies refuse to pay using bitcoin

$2000 could also double when the price goes up. That's advantageous.
When they say to make money out of money I guess us being an employee doesn't just have to remain employee, you have to evolve in the future and become skillful. If you prefer to get paid by crypto at least you will learn how to make the crypto you receive to be a fiat after all it's the most accepted in every store you can transact with. Turning it to fiat is just the start to become a trader.

I think for now fiat currency is still very dominant in any field, whatever we want to buy, it is definitely fiat currency which is always the main choice, because there are still many countries that do not want to accept purchases in bitcoin, and are not ready to be paid with bitcoins,

I would prefer Bitcoin payment. Will convert 50% or what so ever required for basic monthly commitments into fiats and keep the remaining BTC in wallet. This would help me use my salary for my basic needs and save the rest for future profit when Bitcoin reaches its height. This can be even done with fiats but being here using bitcoin and fiats, i would best prefer bitcoin as payment. 

if we look from a leader's point of view, I think everyone will do the same thing because basically btc is volatile and if all employees are paid in btc then it will be difficult to determine how much the employee's salary is if it is in fiat because it must be from every month definitely not going to be the same and there is a difference in the amount of salary because we know the prices here are always changing and if that happens it will be very difficult to make a report because basically the average company still uses fiat

Maybe if living in El Salvador we will get salary in bitcoin because bitcoin adoption is legal there, my country has not legalized bitcoin so I have to convert some of my salary in bitcoin for long term investment.

There is no chance to make a profit by getting paid fiat. But you can make a huge amount of profit by Getting paid in Bitcoin if you have characteristics for holding payment long term. Think about my salary, I've gotten 8 payments during the last 2 months, and each payment was received at a below $32k price range of BTC. Till now I'm holding the full amount (nearly 0.0064BTC~200USD @31K price) and decided to sell when the price will go $50K again. So, it is clear if I will sell it @50K price range then I will be able to make 60% extra profit by holding it for 2 months.

If I had to choose, I would like my salary to be paid in bitcoins and if paid in fiat I would also definitely buy some bitcoins from my salary so the two complement each other.
the advantage is that i don't need to buy bitcoin if i get paid with bitcoin and only convert a small part of btcoin into fiat to meet my needs for one month and the rest i keep in my wallet and i will do it every month and my bitcoins will keep growing every month which will provide doubled profits when the price of bitcoin rises.
actually both are the same, in salary with bitcoin we will still convert some into fiat to meet the needs that do have to use fiat, and if paid with fiat we will also convert some into bitcoin for investment.

I just support that concept but imagine yourself being someone who never knew or interested in crypto. maybe the people who work also have no thoughts of investing or saving. or for daily needs they are still thinking about it. so it seems this question is an personal opinion because there is no which is better or not. for me flat and crypto is the same in context both are had value.

what you explain agrees with me. If the salary we receive is in the form of Bitcoin digital currency, the risk of price fluctuations or the rise and fall of the Bitcoin value is higher and risky. better to use Fiat for the salary received. Investing in Bitcoin is a choice and not a compulsion for everyone. Salary with Fiat will be safer and the value will not change.
However, for people who work in the cryptocurrency environment, payments using bitcoin or other coins have become commonplace. there is no other choice, it all depends on the developer who holds the project.

most people might think that if employees are paid with bitcoin then it can be an investment at the same time. indeed there is a big profit opportunity if the price rises or tends to stabilize, but it becomes painful when the price drops and the owner sells it too late, it could be that the salary he gets is not what it should be. That's why if you want to take advantage of advances in crypto technology in paying salaries, it's better to use stable coins. but it will only be effective if most of the employees have understood the functions and uses of crypto.
it is better to ask for the approval of each employee because they are the ones who know the priority of what their salary will be used for.

True,  employees will definitely prefer to be paid fiat rather than Bitcoin, with the reason maybe even though they know what Bitcoin is and the things of its advantages, a daily freelance employee needs to be paid to meet their needs without the hassle of transactions to and fro. And not necessarily they know how to exchange Bitcoin for fiat money. They will find it difficult especially as a beginner in holding Bitcoin whose value is not fully understood.



You are right, maybe for the US and surrounding areas, but for other countries they still need cash in the form of their respective country banknotes, it is still an option.

the problem is in high volatility, let alone a day, prices can change quickly even in a matter of hours, so if we are late in converting then our salary may be lower than it should be. while the main salary is needed to meet daily needs.
so I prefer to be paid with fiat only, then allocate part of it for investment in crypto, it's more effective and safe I think. but this goes back to each individual's decision, your decision is also good, the important thing is to anticipate sudden price changes.

Both types of currencies have their own advantages/disadvantages. Employers will pay their workers in the type of currency that's more convenient to them. Fiat is and will always be the leading currency because it's stable and backed by the government. This gives it a greater level of legitimacy than Bitcoin itself. Besides, dealing with Bitcoin's volatility is not an easy task. Workers want something they can use anytime without worrying about losing their purchasing power in an instant. They must pay their bills and buy essential life stuff with a currency whose value is stable at all times.

While Bitcoin is great as a store of value, it's terrible as a currency for day-to-day payments. As long as Bitcoin is volatile, Fiat will continue to dominate the jobs market for years to come. Just my opinion :)

You can get paid in Bitcoin. It's cool. However, due to the volatility nature of Bitcoin, I will discourage you from receiving huge payments in Bitcoin. It'll be better if the payment we're smaller amount(So you're safer when the dark side of volatility hits). Yet, that is a bit of challenge since small transactions on the Bitcoin blockchain are kind of unnecessary(Paying much transaction fees while transfering small value). A bit of an irony to me.

Converting your salary to Bitcoin is one thing and getting your salary in Bitcoin is a bit risky aspect simply because of the high volatility of the market, last few days the price of Bitcoin was around $30k and i would have initiated a payment in Bitcoin because i knew we had a good support at that price range but now the price has hit the resistance of $40k i will not want my salary in Bitcoin at this price, i would rather invest according to my choice and that is the best thing you can do.

I totally agree with your opinion, friend, maybe if we receive our salary with bitcoin it can be said to be good, but the risk we receive may be large, but it would be nice for now it is better to accept payments in fiat currency, if we live in countries that have legalized bitcoin we can accept payments in bitcoin, but at this time I still live in a country that hates bitcoin, so I am forced to accept my salary in fiat currency...

Actually that would be fine. If I was working in a payroll system, I would actually just base the salary of each in ratio with the current BTC price in our local currency.
Working with API or the third party ones isn't that difficult of work actually. In that way, when BTC price changes, their weekly/monthly BTC salary would vary always but still equivalent to how much they should be paid. You never want to work where you earn below minimum wage for sure.

Payments with fiat will definitely dominate
but I as an employee prefer to be paid in Bitcoin, the volatile price makes me have the opportunity to make multiple profits

by the way, I don't know if there is a company nowadays that pays its employees with Bitcoin, if there is then the company is very visionary

I read the previous replies. Everyone want to concentrate on just one topic - volatility. You guys are ignoring the most important aspect, that is tax implication. Getting paid in Bitcoin is beneficial in countries where Bitcoin is treated as a currency (Germany, El Salvador.etc). On the other hand, in jurisdictions such as the United States, where it is treated as an investment asset, you will find a lot of issues when you file the tax return. So I would advice to accept Bitcoin as salary only in those countries where BTC is classified as a currency.  

The context is that the majority of salary paying people don't pay in Bitcoin and the majority of the world's shops and sellers don't accept Bitcoin.

So I'd still rather get paid in fiat for those needs, but of course, great if you could make a choice to get part of salary in BTC but as I said, that's also not possible. That's not just the context, that's the reality:)

it's true as you said comrade, for now it might be better for us to receive our salary in fiat currency, because if it is paid with fiat money, of course we can immediately spend the salary, to buy our needs, but if it is paid with bitcoin , of course we will experience risks that sometimes go up and down, and also problems in my country which does not accept bitcoin in any purchases,, if the price of bitcoin is high, we can exchange it with fiat,

For me paying with fiat is better than bitcoin.Currently,there are not many convenience stores, restaurants, hotels ... accept bitcoin or crypto.If I get paid in bitcoin , to use for daily living expenses it will bother me.Instead of fiat I can use whenever I want, bitcoin I have to find and choose places that only accept bitcoin payments.Not to mention, bitcoin volatility could cause my salary to drop if bitcoin price drops.Not to mention, the volatility of bitcoin could cost my salary in half in a day.

companies that pay with fiat are likely to continue to dominate imo...

maybe the percentage is 70:30. many companies are still dependent on banks and also do not fully know what Bitcoin is. If I had a company it would be very complicated to give my employees a salary with Bitcoin because surely they don't understand that and are afraid of the price volatility, I will definitely give an option whether to pay with fiat or btc

If only i am living in El Salvador, then i would love to accept bitcoin rather than fiat. Bitcoin there has become a legal tender so there's no problem with that. But considering my country which only few merchants are into bitcoin, then i don't think getting paid in bitcoin is a good idea.

However, if the government will start to adopt bitcoin as another option for fiat, then having bitcoin will be a great advantage. It will not only serve as an investment tool but definitely a good currency in the making. So let's look forward for it in the near future.

I can't say anything about such a system at the state level, but at the level of business it is very convenient to use cryptocurrency for payment. In my business there are many clients who prefer to use cryptocurrency for payment. And I can make dozens of transactions in one day - receive bitcoins from one client and transfer etherium to another. It is very convenient that I have payperless crypto wallet (https://www.payperless.com/), because I can easily convert currencies and deposit money from my bank card. If I had all these operations in fiat, the commission would be few times bigger as well as the time it takes to do it.

There's really advantage of using crypto in terms of payment service.
Not only dozens of transactions, but thousands if you want for reduced fees.
I hope more merchants or shops will appreciate those benefits when it comes to crypto transactions.
But in case you are an employee and you are a long time crypto user.
You will prefer to get paid in fiat, because you already know how to buy your own crypto.
In this manner, you are directly getting your bitcoin without other third party charging you some fees.

Actually getting paid from bitcoin as a salary is good enough when you're having a thrifty mind over your income. But not good for those who doesn't value money for future purpose, fiat income would be better for just a quicker spending like using that money for sudden things which you only need to spend for one time purpose, and not for longer terms.
If you do own bitcoin, it serves as your growing asset that will provide you rewarding gains when price reaches a promising price.

Yes its convenient but not for business owners considering on the money that they do have on it which if its on Bitcoin form then it would really be volatile and since business or companies do really aim for profits then they would really be finding this thing to be not appealing plus having the expense of fees which would really be adding up on the cost which will also a big hindrance which i do fully agree on this one.
I cant really blame of those companies if they would stick out to traditional fiat which they wouldnt mind about volatility and wouldnt mind about fees or something like that
but there are companies which do matter or do see on the positive side of things on integrating bitcoin.

I would suggest the same, Don't get your money into a volatile market that you need in life to sustain your living you're not going to be living on the trading funds technically for some time and it's better to invest in trading with money you can afford to lose just like in gambling, I mean it's always better to take precaution.

If the government starts adopting bitcoin. then the payment in bitcoin will then be tax deductible, just like fiat today.With bitcoin's volatility, I don't think it's a good idea.Bitcoin would be more suitable for investment than payment.Or its better to make international payments as a means of daily payment.

another abiky thread  :D

well to be honest i accepting crypto for sallary already more than 2 year since it more like us who work on bounty hunter will do the same think

i would preferred to be payed on crypto usdt or other stable coin especially  8)

I think it's better for them to have an option or to be paid half of each. With that, they can grow up their salary and have their own investment in cryptocurrency which they have all the right to withdraw whenever they want it. maybe if they implement such an option to their employers it will add some roles on the crypto market and will eventually be adopted if the result is successful. I think the first country that should consider this kind of norm should be El Salvador since they already announced to the world about their bitcoin-friendly country why not push it to another level.

right elsalvador became the first country to legalize it, so this country is a parameter of its success in using bitcoin. I agree with your way of teaching him to use the process, where people are educated to have bitcoins through their salaries, until finally they can use bitcoins fully

while big companies are already supporting bitcoin now and even accepting this coins , meaning in the future there will be more and more companies will support bitcoin and if those days come , all the payments will be made thru bitcoin and fiat will be only secondary.

This can be a good thing but it might turn out not as you think. Even now with the people that know Bitcoin, some people still will not like their salaries to be paid in Bitcoin or maybe not fully and we understand why that is, because we cannot spend it easily as we can do with fiat in mostly our daily shopping stores. SO even in the future, It is still majorly speculation that we think everything will be digital so we think that all payments will be digitally like Cryptocurrencies.   

Right now most of the companies pays in fiat currency just because of in some countries bitcoin is banned but there are some small companies or you can say in freelancing they pays in bitcoin or any other cryptocurrency because they pay one time for that particular task but in job employees paid monthly wise and if we talk about taxes nowadays almost every centralized exchange asking for document verification where it is impossible to hide your identity.

It is better to get paid in Bitcoin, but fiat will be a secondary option. With bitcoin, it is much more convenient, efficient and faster in terms of online transactions, payments and remittance. You have the option to save and invest it long term or you want to trade it. Fiat is still useful for those that are not that knowledgeable in cryptocurrency.

Getting paid in bitcoin and in fiat have both its advantages and disadvantages. IMO the question of which is better between the two is a  very subjective matter. The perspective whether which of it is more beneficial lies only on the employee who choose to receive either of the two aforementioned.

If an employee will opt to receive his salary in fiat, there will be additional taxes to be deducted upon before he can receive his compensation. This is one of the disadvantages that I can see in receiving the salary in fiat. Government have to tax you as high as 20% and deduct the government benefits to your overall salary. So if your salary for a month is $3000, you can't have it clean. On the other hand, it will be better this way if you will spend your money on other needs outside cryptocurrency investment. You can use the money anytime because you have it at hand. In addition, if you opt to receive your salary in fiat, you can wait for the right time on when to buy bitcoin (dip) and you can buy more if you'll enter the low position in the market. The only cons is the transaction fee of conversion and exchange.

Meanwhile, if the employee will opt to receive bitcoin as a compensation it will be tax free. You will receive directly on your wallet bitcoin value that was bought with your supposedly salary in fiat. So if your salary in month is $3000, you will receive bitcoin worth that value on your payday. You don't have to wait and process exchanging anymore because your employer will do it for you. However, it has its cons. If the value of bitcoin during your payday is at high position, you will receive lesser amount of bitcoin compared to the time bitcoin's price is at low position. Discrepancies will happen since bitcoin is volatile. There will surely have a time when you will receive more or less.

You just have to pick what suits your personal preferences.

I wish I could be offered to have BTC payment for my office job but it was impossible this time as the use of Bitcoin is not known in our country nor it was widely accepted by the major establishments. In this case, I'd preferred to get paid in fiat, not because I have no choice but it is due to the volatility of its value. In fact, this is one reason why merchants don't have the courage to take risks from this as knowing that due to unpredictable changes in its value. 

I'm getting paid in LTC on my second job and i'm really grateful for that. I'm holding part of my salary and i'm buying BTC with it sometimes.

it's true as you said, for now it's better for us to receive our salaries and be paid in fiat currency, because in our country it is still very risky to pay with bitcoin, because in our country bitcoin is still strictly prohibited by the government, so it's best we must accept payment in fiat currency..

The only disadvantage of the crypt in this comparison is the fact that the transaction cannot be canceled

Fortunately, I hope my country will be developed to the extent that private companies will be paying in bitcoin because if so I will prefer to get paid in bitcoin than fiat currency.

Too bad in my country bitcoin only can be used as an assets and not for payment. Maybe if can be payment, there are a lot of companies which made by some cryptocoiners can pay they employee with crypto. If me i really support if can be paid in crypto especially bitcoin, means people who know and who don't know if there are general companies can adopt it. About sell or not it is all depends on each employees.

I wish I was paid in Bitcoin I would be willing to take a pay cut to be paid in Bitcoin not much but enough that it would still benefit me because I would not need to pay fees when buying Bitcoin from a exchange.

Being paid in Bitcoin have both pros and cons od you will be better think of it for we all know that its value is really volatile so you maybe take it into advantage or the other way around. While on the other hand, being paid in terms of fiat which is a more stabilize value can also have both pros and cons in a sense that its value is stable that is cannot progress that far making you have greater value in your hand for it is what it is upon given into you unlike having Bitcoin that have greater possibility of increasing during the green market. Both are just fine as long as it is the free will of the employee to choose into what currency does he wanted to take his salary with.

Many countries may not legalize the regulation of paying salary with bitcoin due to restrictions on using crypto only as an investment, even if you don't receive salary in bitcoin but if your intention is to invest part of your salary in bitcoin then you will definitely buy bitcoin every month.

Unless its a secondary job that does not ensure i eat or live for the night than i don't want to be paid in bitcoin, the reason for that is because in the real world you still can't buy the necessary needs or the day to day transactions with bitcoin, sure there are ways to go around this but what happens when you want to go and buy something for 10 dollars and the transaction fee turns out to be 4 dollars or it takes hours for it to be confirmed, bitcoin should be considered as an investment for the time being and not something that you have all your worth in it at least not at the current time, but i hope that someday we will be able to use it in our daily lives without worrying about transaction fee or time.

Undoubtedly, cryptocurrency transactions are much easier and safer than Fiat.But in countries where cryptocurrency is not approved at all, Fiat is far more important than cryptocurrency.There is no cryptocurrency approval in my country so Fiat is much better than cryptocurrency here.However, in the near future, cryptocurrency will be approved in our country.

From my own experience and from what I believe I think paying in bitcoin will be better and I believe in future the payment method will change from fiat to bitcoin because I believe more companies are beginning to accept bitcoin as there payment method so I believe with time they will also start paying there staffs with bitcoin which will be very nice.

From my own experience and from what I believe I think paying in bitcoin will be better and I believe in future the payment method will change from fiat to bitcoin because I believe more companies are beginning to accept bitcoin as there payment method so I believe with time they will also start paying there staffs with bitcoin which will be very nice.

Everyone has their own choice to make, well not everyone will accept bitcoin as payment because of it's price fluctuations, but a real crypto enthusiast will always choose getting paid in bitcoin over fiat because there know surely it will be beneficial, bitcoin is an asset and also a form of investment tho there are risk involved, for me I will choose getting paid in bitcoin because I know surely with time the initial payment I got will produce more income.

Not to break on that optimistic behavior of yours but dont expect much for this thing to happen because not all companies would really be that positive towards volatility aspect of crypto and we know that primary concern

or priority of company is to make profits which should really be stable and wont really be something that moves neither positive or negative which would highly affect their revenue.

I wont say that all would be having that kind of mindset but for sure there are still some companies would really be having that consideration.

although I am a crypto fan, I prefer to earn in fiat. because I only allocate 10% of my salary for btc investment, the rest I use to meet daily needs. it's easier because electricity, gas, water bills, all using fiat, and e-money being the best choice for online payments.
as you said, this choice depends on each person. our needs are different, as well as the rules that apply in each country there are different.

It's better to have your options of payments and will do you good if you include bitcoin or another crypto in your list looking at how far IT has progressed since 2010 especially the Internet speed and Cryptocurrency, I wonder how many options for Services and Marketplace it has opened for IT world.

There are already some companies that do pay with crypto.
https://www.euronews.com/next/2021/07/14/paying-with-cryptocurrencies-these-are-the-major-companies-that-accept-cryptos-as-payment
Yes, this is directly into their service but we dont know if their employees are accepting the same or would really be having some option between fiat and crypto and that would
really be great.

It is true that there are some companies that give their employees the choice of whether they want to be paid their salaries with fiat or crypto.
Not even only company employees are starting to get paid with crypto, however there are some sports athletes who are starting to accept
payment of salaries with Bitcoin. Hearing all the news I was very happy, because crypto is heading in the right direction. So this proves
the future of Bitcoin is indeed very bright, we really have to be patient until really all companies can finally provide salary payments with Bitcoin.

Bitcoin is really good, but because of bitcoin's volatility it's not suitable for salary payment. No one will feel happy if their salary evaporates by 10%, 20% even 50% in a few days. Instead, they can use fiat to buy bitcoins for their own purposes.

For those who have transacted fiat and bitcoin, of course they feel very different, bitcoin is better in many ways, speed, no errors, and of course very safe even though sending or receiving with large amounts, hopefully Amazon will be a pioneer of e-commerce transaction systems so that it makes bitcoin is increasingly being used.

when the pandemic starts , we have a  meeting about this if who wants to receive payments from bitcoin or fiat.

sad to say the majority wins and that is fiat( because only few of us knows and understand crypto while all of them were not.



if you are only relying  on your monthly wages then yeah volatility will be your issue but if having another income like business or second job, maybe volatility will be your partner in which you will pray about the constant price drops.

I currently earning a salary from my clients which chooses to pay me with cryptocurrency though I prefer to get a salary in a fiat basis but it's what my client prefer and all I can do is to teach myself how to transact it into fiat. SO far base on my experience this is better though I am not that good enough to handle the volatility of the cryptocurrency but at least I can invest some portion of my salary in that token which in some cases could give a profit and some are not and it's totally fine. Somehow, it is good to have an option which you would like to prefer to receive your salary but either getting fiat or cryptocurrency it is totally fine.

Exactly. In fact, when I have seen on the rare chance working freelance in 2018 for crypto companies, you even get the complaint more from the employees who get paid in crypto. Companies just buy the crypto at a fixed price so it's not so important for them, but by the time they send it to you, and you pay the fee to send it to an exchange, the volatility might mean you can lose 10% easily on a single day if it's highly volatile.

Exactly, you don't want that to happen for all the work that you did. Also, it's not really suitable to use it that way because not a lot of wet and dry markets wants to get paid in crypto for their products, for now with the volatility and low adoption in local level, I think fiat is still the best choice there is.

Exacatly, it is much better to get paid in Bitcoin which is deflationary currency rather than Fiat that is is inflationary and will lose its value as time goes by and you won't be able to buy as much goods in the future as much as you can buy today with the same amount of Fiat currency but with Bitcoin may be much more. Many countiries have printed huge amount of fiat currencies during the past one year whcih increases money supply and causes inflation so stick to Bitcoin .

for now most of us will definitely choose to be paid in fiat currency, because the price of fiat currency has no risk at all, and we can immediately spend our family needs, if we are paid with bitcoin it's good too, but we can't buy it right away our needs, if the price goes down again of course we will suffer losses, plus my country does not accept bitcoin in any expansion, so I prefer to be paid in fiat currency..

To accept payment in bitcoin or fiat is a personal choice. I used to think that it takes longer to pay in bitcoins than in fiat currencies, but after reading the article https://nsbroker.com/crypto-info/how-long-does-it-take-transfer-bitcoin-and-how-can-you-make-transactions-faster (https://nsbroker.com/crypto-info/how-long-does-it-take-transfer-bitcoin-and-how-can-you-make-transactions-faster) I realized that there is not much difference. The only problem you may encounter when you pay in bitcoins is volatility. The market can crash in half an hour and your thousand dollars will turn into 500. But it can also be the other way around.

For me when it comes to my salary. I'd pick fiat over Bitcoin Everytime I get a chance to. Majorly because of my immediate environment. The level of exposure to crypto is very low. hardly will you find a store that allows payment with crypto currency.

Plus the added disadvantage of the instability of the price of Bitcoin. I know it could be an advantage but I'd rather not take the risk

I'm of two minds when it comes to getting paid in bitcoin - I'm getting paid bitcoin for the weekly posts that I do here in the forum via the freebitco.in Signature Campaign, so when it comes TAX time I have to make a spread sheet with the amount paid both in US dollars and bitcoin equivalent, then the rate of exchange to Australian Dollars and the actual exchanged amount, then tally those details up.

If I sell the bitcoin rather than spending them, I am in for capital gains tax, so it would still be the same regardless of which currency equivalent the bitcoin was paid to me in.

You may have a Taxation system that doesn't have these stipulations, you would have to check that out for yourself.

This is a very subjective debate or topic since not all of us will agree to just one.
Some employees might want to be paid fully in fiat. Some might want to be paid fully in Bitcoin or other coins. Some might choose to be paid half fiat and half crypto.

As for me, I would want to be paid either of the two but the problem right now is Bitcoin isn't accepted in most of the establishments until now. I'm not in an urban city right now but when I always went there, no stalls or stores are accepting Bitcoin. Bitcoin is mostly accepted online but still there are some establishments who are accepting it right not.

For me, I don't see more people that will be paid thru Bitcoin because they know the risks of it. Some of the employees are working to have money to be used in their family. What if they will be paid now and tomorrow the price of Bitcoin drops drastically?? That would be a huge problem for the employee because their buying power will be lesser compare to if they just accepted being paid with fiat. Another one is the complexity of it. There are some employees too that don't know how to use crypto or at least transfer or convert it.

After all, we have different answers to this but most will chose to be paid with fiat currency as it is still the world's most accepted currency.

For me i will rather choose Bitcoin  over fiat and I have many reasons for that.
A Bitcoin transaction cannot be reversed, cancelled or charged back, while
Fiat money has attributed value because a government declares it legal tender - it has no intrinsic value.
And While fiat money seems to get a major part of its value from debt, this is not the case with Bitcoin. Bitcoin has intrinsic value beyond the trust of its community. Bitcoin doesn’t lean on a system of debts, its value boils down to how effective it is as a medium of exchange.

Bitcoin might also seem good because The system behind Bitcoin is completely transparent and based on maths and the actual consensus of the everyday user. Keeping all this in mind, which is a better option for our future.
Actually but seem fine to have as a payment.
But on my on side i will like to have payment with Bitcoin.

I guess there's no better one, since it's all depends on the person, based on their own perspective. People who involved in cryptocurrency might want to get paid in bitcoin, since they know its value, how to manage or use it, and such. However, those who are not familiar with bitcoin might not want to be paid in bitcoin and prefer fiat instead. They will not understand bitcoin, and think why should they get paid in bitcoin. It'll be a lot dangerous too if after the company paid certain amount of bitcoin, then bitcoin price fell, those people will have the amount of money less than they should have, and since they don't understand they'll come out for protest. Both are fine and work well for the one who like them, each of them has their own advantages and disadvantages, but if the price of bitcoin is in bearish situation or trend, maybe I'll prefer to be paid with fiat instead of btc, and vice versa.

You only think about your personal ambitions while it is a fact that many of us do not fully recognize and want to bring bitcoin into payment and receive a payment in bitcoin, although we may know the value as well as the ways to make this product most useful to us but the ferocity of bitcoin still scares us, an unfamiliar person is afraid of new things, a person who is used to is afraid of the hidden doors behind this investment. Fiat is still the club that gets the most votes for payments, bitcoin only gets propaganda but less votes

i think the thing is not that simple, if i'm not wrong all countries in the world there are laws that oblige people to receive wages in local currency issued by the government, there are also issues related to life pension payments where a percentage is deducted of the person's salary every month. these bureaucracies can prevent a company or someone private from paying wages to its worker in bitcoin. I've heard some stories of people who get paid in bitcoin, but it seems to me that it's something restricted to internet stuff and the government doesn't know about it.


truth. but it won't be something formal, I mean it won't be a verified contract in some government institution between the employee and the employer where it states that the employer can pay salary in bitcoin to the employee


I believe that even people who were paid in bitcoin and then the price of bitcoin dropped a lot they will protest

The only way that I see from this happening is when the world accepts bitcoin as a form of 'legal tender' which can be paid as salary to the employees.

Currently in the Philippines, any form of money that is NOT considered legal tender cannot be paid as a form of salary. Thus, only fiat or cheques are allowed by law. But, if the employee consents to the company, then the latter has the discretion to do so. Personally, I would choose (if possible) to have my salary paid in 70% fiat and 30% in BTC so I could utilize it as a form of investment.

They should not protest because those who opted for Bitcoin payment should know that Bitcoin is not a stable currency and it goes up and down more frequently than the fiat currency.

Also in the long run getting paid in Bitcoin is more feasible because we know that bitcoin always increase in value over the years.

The problem with paying employee salaries must be seen from the previous contractual ties, if employees as elite or high-level employees may be able to receive payments in bitcoin. but if their employees are with low status, maybe they don't need to be paid with bitcoin because they need money to spend and don't like to invest.

The feeling of accepting crypto will become a norm after some payments and people will actually prefer it over cash once everything in the market can be bought with cryptos.
Why would someone accept payment in their bank account and pay 15% taxes when you can spend the whole amount you earn.

Not only salary sir the most popular work on online which is freelancing. Lots of freelancer got offered to take their payment as a crypto currency. Though my country dosen't give any permission to use bitcoin. My friends who is a freelancer 3d model designer. Recently he had work with a car company after that the buyer give him a offer that can you take your payment in crypto. But the saddest part my friends aren't interested on bitcoin because he is only working with their work. Then he knock me i give him my address the buyer send me money then i creat a account for him and give his money to his account. He was paid $3k but he didn't now his $3k is $3.7k. He is happy and now he thought to invest a little in bitcoin from his every income from freelancing not full amount only 10% from each account. He shares another thing that though crypto enter in freelancer too so if government didn't support bitcoin then lots if freelancer won't get currage fo take bitcoin and that causes they might loose clint.


So in this history if you ask me i always choose crypto. What i suggested my friends too.

That if more businesses includes Bitcoin as payment process, I see your point and I will also love recievng my payments using

bitcoin as I have full control once it's been verified inside my wallet. Ang the fact that the value have chance to increase, I can

use portion of it for my saving/investment.

Bitcoin is intended to offer clients an exceptional arrangement of benefits over other installment strategies. We'll investigate those beneath, yet before we do, it is valuable to investigate what Bitcoin, the digital money, really is. By understanding Bitcoin's plan standards, it will be simpler to see the upsides of utilizing Bitcoin for installments. Traditional fiat monetary forms are dependent upon various limitations and dangers. For instance, banks are helpless against win and fail cycles in the economy. Some of the time, these circumstances can end in bank runs and crashes, as has happened various occasions before. This implies that clients are not actually in charge of their cash. Hypothetically, at any rate, bitcoin guarantees client self-governance since its cost isn't connected to explicit government strategies. This implies that clients and proprietors of the digital currency are in charge of their cash.

This depends on these employees.

From what I can see here in our country, people needed money they can use during these lockdowns. Most of them will accept Bitcoin as a salary but if they do, for sure they will just be holding it. Most of those that will turn that down needed money quickly and I don't think they are naive or stupid but because they will obviously pick the ones that people would easily use and easily accept.



In the past, I thought that we will be seeing that but right now, I think Bitcoin will stay as an investment, an asset that people will be holding.

We might use its value to pay for services or to buy something online but I don't think it will be that used that it will be dominating the said industry. It will stay where it is right now since it is much better there.



I don't think so. We are not in those times that using Bitcoin means that we are transacting on the dark web. Those times are so in the past. Working for Bitcoin is not working "under the table", it is working while envisioning what can it do in the future. Those workers know the value of Bitcoin in the future, they know how big it is even now.