Bitcoin Forum

Anyone doing this now?

Considering getting each employee a wallet and sending them bitcoin per month.  Or I can give them fiat per month to their wallet and they buy bitcoin...

Cant really do it through IRA or RRSP unless it goes through something similar to iShare EFT. But I'd prefer them to have the pure asset over the long haul.

Any thoughts, ideas, what apps to use, wallets etc...  


Updated -- FEB 9, 2022

Sorry --- the employees will retain their fiat pay checks.  BTC is legal in my country.

The intent is to give them BTC for future savings and growth.  Since there likely isn't much of a return for employees in the future with traditional pensions, perhaps they will have better luck with the growth of BTC they personally hold for the long term.

^ If you are tending to sent out Bitcoins then its better to tell them about creating Electrum wallet which they do possess those private keys and if they are on their first time then
speaking with the basics about Bitcoin and asset security would be good for you to start off and when payday comes then you would sent out those coins
on each of their addresses.

There are similar topics onto this one.
https://www.benefitnews.com/opinion/can-i-pay-my-employees-in-bitcoin
https://readwrite.com/paying-employees-with-crypto-can-your-business-do-it/
https://www.cnbc.com/2021/12/20/more-businesses-offer-pay-in-cryptocurrency-in-a-bid-to-lure-young-workers.html

It depends on your employee if what they have preferred, a fiat or a Bitcoin that they are going to receive.
They must understand first that the price value of Bitcoin is always fluctuating in the market and anytime soon the value could be up and down.

If you choose Bitcoin, there's no need to worry about this IRA because Bitcoin isn't taxable but I think you need to seek a professional lawyer for this and consult them about this matter, they better know about the government law.

For a free Bitcoin wallet, Electrum is the best choice which also supports a lightning network, you can send Bitcoin at one time to all addresses that you want with a low fee.  Also, hardware wallets (https://bitcointalk.org/index.php?topic=5282364.0) are the best choice if they have an extra amount that can afford to buy a Hardware wallet.

Please don't force bitcoin down their throats. Go with what they prefer, not what you would. Especially taking note that a lot of employees live paycheck to paycheck, and exposing them to short-mid term volatility would probably not be the right move.

Some Organizations like Twitter have echoed that they'll pay employees with bitcoin the more people that get paid with bitcoin the more it gets adopted by Masses. But, that wouldn't get easy in terms of control. Employees can fee underpaid during the bear market while employers think otherwise if the market soar higher. The Fair Labor Standards Act  (https://www.law.cornell.edu/cfr/text/29/531.27) States that employees should be paid in Cash or it's equivalent. Bitcoin can be equated to cash but it's not a legal tender. The government have not yet legalized Bitcoin. So it all depends on the both parties if they will accept the volatile nature of Bitcoin such that when the price increase the employees make more money and when it drops they'll lose some portion of their salary. They may see it as getting underpaid.

SOURCE (https://readwrite.com/paying-employees-with-crypto-can-your-business-do-it/)

1. It would be based on what the employees prefer.

2. If you give them Bitcoin you should teach them about local wallet and you should also tell them about hardware wallets and maybe cold storage too. And how to safely store their seed backups. Bitcoin are so easy to get stolen, the safekeeping should be well understood.

3. You may have to also give them some official papers that they can use for tax purpose (crypto capital gains) when they will want to sell those bitcoins.

You should consult first your employees if they would agree to accept Bitcoin as a mode of payment. You can buy them Ledger to help them secure their wallets and if you are going to pay them monthly make sure that they would receive the right amount since the Bitcoin is volatile so probably additional 2% payment to make sure it was covered. It's just my idea and thinking what are the cons as a worker that would receive Bitcoin as payment.

ya.ya.yo!

Why not ask those campaigns paying out in Bitcoin like for signature campaigns? They just bypass all those wallet problems and instead just have a loose agreement where you can consider the participants as freelancers.

People used to do it all the time with cash and Paypal, Bitcoin makes it even easier as here's no approval process for payments. Pay and it's paid.

Make it an option instead of a guarantee. There might be employees who would not prefer using crypto over fiat, after all, that is their paycheck, they probably use more than 50% for stuff that they need to pay. As for asking for a method, well, it shouldn't be that hard, if they wanted crypto in the first place they should already have their own wallets. If they don't I reckon you can prepare some paper wallets, no need to complicate it as much. It is going to be a temporary storage after all, until they can create their own which shouldn't take long imo.

This is like the company is vouching them to get paid in Bitcoin because you're giving free Ledger and pay 2% above from the fiat amount, I don't think the company will want that since they paid more than actual payment :P except the company got endorsement from Ledger or other platform related with Bitcoin.

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The simple answer is you don't really need a specific wallet, apps etc to use, if they've bought Bitcoin of course they already have their own wallet. You only need to have his address in order to send coins.

Ask them first if they want to receive bitcoin instead of fiats.. Because you know not all people are fan of crypto currency wherein there are some people who prefer to have cash on their pocket. Actually its a good idea but we have different perspective in everything so ask them first which way of payment is good.

How many employees do you have?

Did you asked them to receive bitcoin voluntarily or whoever wants to get paid in bitcoin?

You give them their salary according to their contract and let them decide if they want to buy bitcoin and do whatever they like with their money.

Why do you call it "giving" to employees? Usually they earn their salary, so it's not a gift. If it really is a gift, it wouldn't matter if they're your employees or not. If it's their salary, I don't think you should be the one deciding to pay them in Bitcoin, unless there's a specific reason for it (such as running a Bitcointalk signature campaign).

The best I can think of is making it a bonus: you can for instance hand them a loaded paper wallet with company logo, but it's kinda important they understand what they're holding before they start messing with it. And it's important you know what you're doing too, so you don't just print this with the company's network printer.

Where I live a small amount (for Christmas) would be tax free, and a larger amount would be considered taxable income (just like fiat or for instance shares).

Well it depends on your employees if they want to get paid through bitcoin.It is better to ask them first.
As for me, if I am one of your employpee. I would rather choose to receive my salary in cash.Since i have to make payments for all my bills through local currency. Not just that, bitcoin is too expensive to used as a payment for my day to day transactions.Getting paid in any crypto would be riskier rathen than buying it with my salary.

I think it is the best to have a conversation with your employees first, since they are the party in concerned, they must be consulted nonetheless. It is their decision whether or not they would prefer to receive bitcoin instead of flat, or vice versa. While this is a great way to encourage adoption, it’s not good to force nor oblige other people of our own intentions even if it’s good in nature.

It has to be a deliberation and not just your decision. What you need to do is to expose them to bitcoin and those who already know how the volatility increase or decrease their worth can understand while those that are still confuse will be taught and at the end is their own decision not yours. You remember the football player Messi, he chose to be payed partly in bitcoin and fiat on his move to PSG.

I don't think that this type of payment for work, if it is official, will be legal. You should consult with a lawyer and your accountant before making such changes to wage. It would be right for you to talk about investing in cryptocurrencies, but each employee must make their own choice.

They can have any wallet they want but if you are going to send multiple outputs in a single transaction then you need a wallet which supports it, no worries Electrum will do the job which supports all types of address and you have the private keys to control your address. But you can't say that employee have to buy Bitcoin with the Fiat they receive because they need to spend it for their survival and only remaining should goes to investment.

This definitely isn't going to happen in my country, my country has already kept a 30% tax on cryptos which means anyone who sells his cryptocurrency will have to pay a tax of 30% on sale proceeds subtracted by the cost of acquisition, in case employee would give him cryptos then you will have to pay tax of 30% on the whole amount which obviously will become a huge unnecessary burden on the employee. Moreover talking about it from the point of view of companies too, they will only be ablt ot do this thing if they are earning in cryptos themselves because only then you would have that much crypto readily available with you to pay off employees otherwise you will either end up gaining or losing in dollar terms if you have contracts of payments in dollars only.

Before you decide to pay your employees in bitcoin, you should know if bitcoin is legal or illegal in your country. If it is legal, you should ask your employees whether they want to accept their payment in bitcoin or still in fiat or you can divide their payment into two forms, in bitcoin and fiat. If they don't want to accept their payment in bitcoin instead in fiat, you can't force them and still give them payment in fiat. It will depend on how your employees know about bitcoin, but perhaps, most of them still don't know about bitcoin.

Sorry --- the employees will retain their fiat pay checks. 

The intent is to give them BTC for future savings and growth.  Since there likely isn't much of a return for employees in the future with traditional pensions, perhaps they will have better luck with the growth of BTC they personally hold for the long term.

So that the reason on why you do concluded out on this kind of decision? Have you consider out on asking them if they would really be prepared on accepting something like that?

You wouldnt know unless you do try and speaking about future savings and growth then we do know the potential neither those employee of yours whether they do really accept
the risk or not.

Neither they could have it on their personal wallets or something that you do recommend on.

Its their choice then so be it but if you really concern about their future and you’re the employer you can still have the option to give them BITCOIN, you can actually give Christmas Bonus or other incentives thru Bitcoin because that is company discretion and they can’t do anything about it, let them decide either to sell it or to hold it. People are still hesitant to accept Bitcoin because of its risk, I understand your employees.

This can only be good if the company also educate their employees about Bitcoin, yes there’s a lot of opportunity about this market but we cannot force them to adopt since we all have difference financial status in life and many their priorities is not Bitcoin but to provide daily foods to their family. I just admire those companies who are encouraging their employees to have Bitcoin, this could be a great way to start that mass adoption in the future, let’s take this slowly and no rush at all.

If you additionally, as an incentive, send bitcoins to the wallets of your employees, then none of the employees will object to such undertakings. But in any case, you will need to carry out informational work to explain to employees what BTC is and about its prospects in the future.

Good enough to know that it is legal in your country and you chose the payment method.
But, to make sure, you need to tell and explain to them about Bitcoin and also the cryptocurrency world, letting them learn by themselves so that they will exactly understand the crypto world, not only based on your suggestion only.
Crypto is a risky world although it is also an interesting world and promising for many people. But once more, it needs deep learning about Bitcoin and other cryptos.
That is why preparing them to exactly know that their decision to follow you is good for themselves or not, they are exactly ready or not.

Exactly! This is also what I am thinking, instead of paychecks, since some of the employees could have no idea at all what is Bitcoin or how it works or how to use it, they could disagree with it, or it can work also be optional too.

Another thing is making it a bonus or incentive or company gift or benefits, it could help them to start to explore Bitcoin and it will become a huge help for the Bitcoin community as it will spread to other people.

I think that giving bitcoin to your employees as a bonus or incentive is much better idea, like what @GreatArkansas have mentioned above. It would be more effective as well in accordance to your intention of helping them save for the future. Moreover, this could encourage them to seek on how does it work in order to reap the benefits of what you have given them.

It depends on what kind of employee you have. If you own a SME business with a minimal profit, Most of the employee on this kind of workplace is heavily in need of money so the tendency for them to immediately convert Bitcoin into fiat is very and also they might give them some inconvenience in case they start from the scratch in crypto. It's important to ask for there consent first on doing this kind of method and always give them a choice. In case they suffer loss in crypto because of there lack of knowledge, He/she might spread negativity about Bitcoin to his/her colleagues due to his bad experience.

As much as I like Bitcoin, I wouldn't put all my eggs in this one basket when it comes to pensions. I do agree Bitcoin has a much higher upward potential than traditional stocks, but it's also more volatile and much more uncertain.
However, even if it's just 10% of the pension, it's very well possible this 10% is worth more than the other 90% by the time you retire. But it's not certain.

Don't underestimate this! "Being your own bank" in a secure way for several decades is not that easy.

Also keep in mind the cost of collecting small Bitcoin inputs (https://bitcointalk.org/index.php?topic=2848987) later on: if you retire and have hundreds of inputs each worth 0.0005BTC, it could be very expensive (in terms of transaction fees) to spend. If you're considering paying small amounts per month, it's better to make it annual larger amounts.

Even if you think like that, if someone doesn't know much about bitcoin, they will still refuse it. It's like you introduce someone to something new, but he doesn't care about that. Bitcoin cannot be forced on any people because only people who are aware of a new thing and believe in something can become bigger in the future that will use bitcoin.

Perhaps, you can take another approach to introduce bitcoin and open their eyes that bitcoin can be their future savings. If you can use that, I think they slowly open their minds. Bitcoin can give something worth it to them.

You really care for them. Honestly, I think this is already out of company's concern but you're making a difference and really giving them some idea on what they should wisely with their money. You can start by making a survey first and how much percentage of your employees are interested in bitcoin and willing to accept btc through their salary like 50% fiat / 50% in bitcoin. That's going to give you an idea on how many of them are willing to do that.

That's right, of course there is nothing wrong with giving Bitcoin to employees and this is something new for sure,
with the value of Bitcoin continuing to rise I think employees will also welcome the decision,
Of course, everyone has their own opinion about giving Bitcoins to employees and that's okay

Truth is, no matter how noble your intention is, you must first discuss that means of payment to the employees. Otherwise, they're likely going to kick against it and see it as dictatorial on your part. And they will be absolutely right to have that conception of you in that regard if it happens so. By letting them know ahead, you would've sounded the caveat to them on the downside of Bitcoin too. So they know whatever comes out of it in dip immediately payment is made won't be your fault.

Given the option, everyone would pick the money in their pocket right now, so that they could decide on what they could invest into. If they want bitcoin then they would do it anyway, if they want something else then they will do something else. If however you "force" them by simply giving it, then there is nothing that you are taking away at all.

You are simply giving something extra and that is fine if you ask me. If my boss told me "everything will stay the same, I will just add bitcoin pension on top of it all" then I would accept it without a heartbeat, not like there is anything to accept since it is all free. So, the method is the important one, not giving choice part.

Can you give extra details if what was the nature of your company? What age group of the people working in your company and how much people working on your company. For us to know why they reject your offer? And can you clear what you mean by give? Because to me give means different from the salary that you pay. If you give them free coins why will they ignore it?

But, you should consider this so that they can practice using btc and if they will like it they are the one's that will demand to you that they want their salary in the form of btc. Do not under estimate the pension and other incentives that you provide because they are usable in the future. No risks involved with them compared with btc.

That is a great decision to give your employees a salary in BTC. If he/she will be smart he/she must hold it for the future. We all know that the future is BTC. Now the world is becoming digital day by day, we also must develop ourselves.
I hope your employees will use it in the right way.

Well, I'm not sure I understood well, whether the owner wants to pay salaries in BTC or wants to gift BTC to his workers as some bonus!? I guess if it's the first one then he should listen to his employees and what they have to say about that, if it's a gift then workers should accept it and be grateful for such a good boss! As you say no matter how noble intentions are some people depend on their salaries and they don't wish to invest further, they need cash to survive through the month!


If the owner can allow himself a bit more expenses for the happiness of his workers then this would be the best choice!

If it is given as an incentive then I doubt anyone will complain, after all who does not like like a little bit of more money at the end of the month, even if that money comes in a form they have never heard before no one is bound to complain, however as mentioned by other members, if this is being done to help them so they not only rely on fiat for their savings when they retire then it is important to give them some financial education as well, otherwise it is entirely possible they convert that bitcoin to fiat immediately and spend it.

Uhmmmm, I think almost everyone wearing a signature on the forum is doing just that with there company. Receiving bitcoin in its dollar equivalent as a means of payment, lol...

If your thinking of getting a bitcoin payroll going for your staff  its cool. You would be doing then a good that only a handful might realise.  Though, you don't have to be a tyrant about it of, you've been using traditional means for payment before hand. You could suggest it and the few who will go with it, you start with them.

But, its important that you teach them on what bitcoin is about, how to secure there payments, how to make the most of it and how to exchange it for fiat if they sole need.

Employees value their job if they are given incentives in return so if bitcoin will be given to them, the first thing that they will think is to convert it into fiat. But if they are now familiar with bitcoin already and its potentials as a good investment, they will keep it automatically. But for those who don't even know bitcoin, they should be given free education about crypto and bitcoin so they will learn how to manage it or value it in the near future.

Usually something like this is depends on the employees. Because they will do anything with the money after they get it either it is fiat or BTC. If me i prefer to give them fiat and educate them about bitcoin so they free to choose want to make investment or not. Because although we give them wallet and BTC, they will sell it to fiat immediately if they not interested.

That's true but that may not only be the reason. Some of them might outrightly not want /need crypto and would prefer to receive their stable fiat salaries. Another point to look into is the issue of legality of bitcoin in their jurisdiction just so they don't unknowingly bring more implications for themselves. Some employees too might not have the basic /fundamental technical skills required to understand some core concepts like how blockchain works and how they can get custodial of their tokens and still maintain security.

And include those people who doesnt really like complicated things and to those people who do trust up fiat that much and whenever they do hear out something which is out of their
awareness then they would definitely call it shady and wont tend to engage it out whenever someone suggest something new but for those who are knowledgeable
at least would really be having different input but it would all depends on the company owner if he do sees fit but if not then it would be still his decisions.

I think this applies only if the employee like to receive their salary in BTC but if their wages is not enough for everyday life I think it's not necessary to offer this kind of innovation to them since some of them want some real cash in order to buy foods and groceries for everyday life especially this times when we are in pandemic.

Plus, most likely if not all of the employees doesn't know how to use crypto wallet or doesn't even know how to trade. They might get scam or fail in trading that's why something like this need an approval to their employees. I think an individual approval is necessary since not really everyone want it.

Yes, in every group of people, there's bound to be a MisFit so there would most likely be people who want no want to get involved in crypto. In such situations, it's good to know that there would be more than 2 options:
- Choosing to accept crypto
- Accept fiat instead

It would be nice to get crypto integrated into companies early enough so they won't have any issues migrating.

I don't think you should make it mandatory for them to accept payment in bitcoin you should make it optional for them, any of them that want bitcoin as there payment method then you can use bitcoin to pay them and it any of them want fiat then just continue paying them with fiat currency.
If you are paying any of your staffs with bitcoin then you should enlighten them about basics of bitcoin and you should also teach them about wallet security because that's very important thing I believe they should know to avoid them ending up losing their bitcoin to scammers or lost of private.

How many total employees do you have, have them all register on your local legitimate crypto exchange and cooperate with Banks in your country.

If you want to pay your employees salary in Bitcoin that's a good idea, of course you have to calculate the amount of salary they receive, for example: $300 you have to pay them 0.006888 in Bitcoin, that's the current price, of course every month when the payee the Bitcoin price can change, you have to adjust every month.

I don't think you need to use a Bitcoin wallet application or the like, just go to an exchange in your local area, ohh yes, what country do you live in, maybe I can show you the exchange to use.

The employees may see this as a very high risk and could mean new challenge for them. If you are planning to give them as their monthly wages, then you should be responsible in explaining to them the pros and cons of having crypto, before they start deciding to convert it into fiat because that's more safe to use. You may explain to them these important factors:

*How cryptocurrency works in global payroll
*The current regulatory landscape on cryptocurrencies
*Problems that global payroll needs to solve before the bitcoin wallet can replace the bank account
*How Deel is integrating crypto into payment systems

https://www.letsdeel.com/blog/getting-paid-in-bitcoin

Bitcoin can be used as an international currency when an employee is paid in bitcoin they can easily exchange it for virtually any currency at any time but employees have to talk to them before giving bitcoin if they want to take bitcoin it is possible to give. Because bitcoin has not yet been legalized in many parts of the world giving employees bitcoin will not allow them to use it which can lead to problems it is better to consult with them.

It's not really necessary, because they might not want it. You might think that it's good for them but it could be the other way around if they don't have any knowledge about cryptocurrency, so it's better if you'll ask their opinion instead. Explaining to your employees the importance of knowing and having cryptocurrency is the first thing you must do, not forcing them to have Bitcoin monthly without them knowing what they are getting into.

In my country there is a bank service (Italy - HYPE) that allow to buy bitcoin DIRECTLY with a third party exchange integrated in their app (CONIO).
Once employees receive salary they can decide the right moment to exchange in bitcoin.
From a certain perspective is also convenient, since they can wait the better time to buy btc and not buying immediately/or receiving at a fixed price.
Probably this is the best solution nowadays, since some expenses are anyway fixed and cannot be bypassed using only btc (FIAT is needed, like paying cash, direct service without Credit Card etc etc)

Your intention is good but I guess it would be better if you'll send them fiat and let them decide if they would buy Bitcoin or not. Yes, Bitcoin is a great investment yet not everyone is willing to take the risks. I hope our boss would have the same mindset but employees have different perspectives and priorities so you should let them decide for themselves.

I guess even though bitcoin is one of the good payments today you need to consider the market volatility because it might change the value in just a second instead they are expecting for the price they work on it will be deducted because of the price movement if you are going to pay like still 1:1 I guess fiat currency is the ideal some of them might not literate with the bitcoin so might hassle to them instead of cash.

I dont see any sort of challenge here? I mean you can simply process the payment through the reputed wallets available through out the crypto space. It's their choice which wallet to use for their personal use. All you will need is their bitcoin address and way to track that you have paid them. In general manner you can simply take the Transaction Hash which is gonna be there forever on the blockchain as proof of work. So you can simply send them email with the same thus making it digital and paperless process.

I think you don't need any high end services to trace them. That is the beauty of crypto space. Everything is open and it is publicly announced. The data integrity is gonna last there as long as we have miners and internet.  :P

Some people are not interested in discussing the subject before they know the details of the risk. Because they want to work all month and get a stable salary that they can spend anytime. So that they do not want to think in detail about anything to invest, so that they miss a good opportunity. But if they are taught the right way, they will understand bitcoin and be experienced enough to make their own decisions. Because Bitcoin can give them a good return in the future.

Yeah that's right as Bitcoin is tool for freedom and it can't be forced on anyone especially on the workers because their earning is the main source of their income and little volatility could affect their expenses which could be big problem for them.So if they accept it as income source then it's well and good otherwise they should be paid in regular fiat only.

What is actually the purpose of paying them with bitcoin? Some employees may agree but explaining to them the risk of holding it because of volatility in nature of crypto they might not agreed with it, I think you should ask them and pay only to those who are willing to accept and take the risk.  A better much idea to tell them about bitcoin is use this as an incentive or a bonus only, in this way many of your employees will got curious especially if the value of it increases while they are holding it.

First of all,you have to ask them first if they want to get paid with bitcoin.But in my own opinion its better to give their salary in the form of money. Considering that they have some bills and taxes to pay, bitcoin cannot use directly for payment. You need to exchange it first into fiat.

I think OP has mentioned that employees are still getting their salary in fiat pay checks. But giving them bitcoin may be a form of incentive that they can manage to grow for future retirement. If the value will increase more, that means there will be a huge pension funds intended for them. But OP, you should also make sure that your employees are familiar about bitcoin and they should be aware how risky it is that anytime their bitcoin can be steal if they become irresponsible of their own accounts.

Theres also another interesting aspect. If you can write this off as some kind of bonus or something similiar on your taxes... Say you say to your employee that you will give them 0.1BTC at the end of the year as a bonus. And Bitcoin price goes to 100k USD dollars.

Currently, lets say, for the sake of simplicity of the calculation, the price is 10k.

Does this mean that the "profit" of 9k USD can be written of on your taxes as a bonus? That would be a better option than say, selling that 0.1 BTC and paying taxes on the 9k USD profit....

If the payment in bitcoins will be as an additional reward, then no one will mind this. The problem may arise if the bonuses that were previously paid in fiat are changed to BTC. In this case, the consent of employees will be required, since some employees may not be ready for such changes.

actually, this is a dilemma, many entrepreneurs actually want to pay employees with bitcoin but education on crypto is still not good so they are worried that when the price drops, they will think that their boss is doing a scam.  but if each employee is given the choice of being paid via bitcoin or fiat then that is a great freedom for the employee.

For those who are not familiar about bitcoin, they will think its a scam. But for those who know well about bitcoin, it will be an advantage for them. However, we cannot expect for most of them to accept bitcoin if its given as a monthly wage since bitcoin is not yet accepted as a  medium of exchange in most of the countries. But if its given as a bonus, then why not. It will be a great asset in the future as long as the owner itself knows how to manage his own bitcoin and make it double or triple from the current value.

That is the thing, even when receiving free money, people could be complaining about it and that is a big issue. Like look at El Salvador, you are not forced to use bitcoin at all, it is not something that you are forced and if you have to accept it as a business owner, you could turn that into cash via the app instantly so you do not have to worry about it, it is only for the people who would like to use it and that is not a big deal to non-crypto people, it is only a positive.

However, people are complaining about it and that is the problem. If you offer free money in crypto form, there will definitely be some people who will complain why it is not in fiat and in their bank accounts, makes no sense to me as well but there are people who complain about everything.

Let's just face the sad reality, that you cannot please everyone no matter how good you are. However, if bitcoin will be given as a free money to his employees, i don't think most of them will complain. And they have no right to complain when its only given as a bonus to them.

Bitcoin is not just an easy money, its even more valuable from the fiat currency. But for those who don't know it, it will be a waste of time keeping it. But for those who knew that it would be a great investment in the future, surely they will be grateful for it, than to complain.

Bitcoin is volatile and not everyone can handle that, many this is the main reason why many are still hesitant with Bitcoin. Yes, if its free then why not? Maybe giving them free Bitcoin can start their curiosity about it, and start searching on how Bitcoin works and how they can sell Bitcoin. Employers like this is a good one, they care about the future of their employees.

If you are a person or employee who do first out heard off about bitcoin and mainly focuses about its volatility then most people would really see it as an disadvantage on which they would really thought

that it would really be just too risky for them to engage nor get involved and if a certain company owner would mandate that it would really be that compulsory then they wouldn't be having no choice

but its not good to have a company with having some qualms and other things involved with this that's why OP did really make out some question on what to do.If he do sees that his people
is much more preferred with fiat then having bitcoin would be remaining as an optional thing.

For ordinary people and lack of knowledge, they must be worried about the volatile Bitcoin price. Even though if they understand how to use Bitcoin,
they can use the volatile Bitcoin price to make a profit. Therefore it is very important to learn Bitcoin properly, to know how to use Bitcoin. I agree that
a good employer is how they think about the future of their employees so that their lives are more prosperous, most employers only think about their
own interests. So if an employer gives free Bitcoins as a bonus to their employees, it is a good thing that can change the future of his employees.
Not only the employees will get extra money, but employees are indirectly given education about Bitcoin. Because as you said giving Bitcoin for free,
will arouse curiosity. From there employees who curious about Bitcoin will start looking for information and studying Bitcoin, once they understand
about Bitcoin, that's where their future will change for the better.

In countries where Bitcoin is legal tender, payroll allowances can be paid through Bitcoin. Especially if the banks of that country support bitcoin only through bitcoin Will be able to pay salary allowance.

developments will bring something new, so it will require a lot of adaptation for all people. Therefore, it is not surprising that there are many pros and cons. but because of the urgency of the development of that era, later everyone will get used to using it, like the current fiat, and is currently in the process

well, it's great to give employees bitcoins. it's just that, it requires education, and maybe the company should provide a hardwallet if the company's goal is to provide them with savings in the long term. other than that, it might open up employees' insight into the crypto world. after bitcoin, they may be familiar with altcoins like ethereum, bnb and others. well, if bitcoin is legal in my country, and i own a company, maybe i would suggest giving 30% of salary in crypto, and the rest in fiat. well, they could only use 70% of it for their daily needs, and the rest they save.

For existing employees it might be hard to switch some of their pay into bitcoins, but for new employees that could work. When making the salary negotiations you add to the contract that 10% of the salary is paid out in bitcoins. Going the way through a retirement fund is also a good idea. I remember when starting at my current job, I could choose between 5 different funds as investment, 3 mixed ones, 1 stock only and 1 bond only fund. These investment funds where pre choose by the company, so maybe you could offer your employees some crypto funds. In the end it has to be the choice of employees, you can just give them good incentives to go for cryptos.

Adaptation is a normal thing especially many people who don't really know about cryptocurrencies,
with the pros and cons it is also good because then it opens a discussion,
development will always be there so those who can't adapt in conditions like today where digital development is really fast then they will lose

Even if the company can pay salary in bitcoin, they need to offer that to their employee. If not all employees accept bitcoin, the company can not force them to receive their salary in bitcoin instead of still using fiat. The company can offer to pay their salary half in fiat and half in bitcoin so the employee will have a new investment for their future. The idea is to open their minds about bitcoin as their new investment besides traditional investment so they can have a chance to make another revenue from bitcoin.

You have to check with your current laws if it is legal to pay your employees with BTC. As far as I remember, there are countries in which their law expressly provides that their payments should only be made with legal tender. Assuming that your country does not support BTC or view it as legal tender, you might face potential issues/consequences in the event that the employees sue you.

Personally, I would prefer this kind of setup. As someone who is an advocate of using BTC into our transactions, this would greatly improve and showcase the use of BTCs to my fellow colleagues as well.

Didn't they agree to receive a portion of their salary in bitcoin? That's okay as they've signed a contract and they shall receive what's exactly written on it as the salary.

The intention isn't bad.

But not everyone has the same mindset as you. You may see and feel sincere of helping them but the bigger picture is that they're not seeing that sincerity you have and may decline to receive btc. That's okay, they can buy it on their own.

What is ironic about the whole thing is that the ones that could stand to benefit the most out of a company policy like this are the ones that don't know a lot about bitcoin, after all those that would gladly accept bitcoin are either heavily invested in bitcoin already or people that would have bought bitcoin on the short term anyway, so while a policy like this may seem like a good idea at the same time I do not think it can possibly help those that actually need it the most.

But we can't blame the employees if they decline the offer and prefer to receive fiat because they are seeing fiat as more useful than btc.  And that will be the mindset for those who have not discovered the real value of bitcoin, but for those employees seeing the bright future of bitcoin, i guess they will accept the offer heartily. But anyways, if its given as a bonus, then once the OP release bitcoin to his employees, that means the employees will have now the full control over bitcoin, so its up to them if they will hold bitcoin or convert it into fiat.

Well, since Bitcoin is legal in your country you may encourage your employees to get a salary in Bitcoin. So more people will be introduced to Bitcoin. This means it's an adaption for Bitcoin. Though I don't have employees but pay Bitcoin for some works that hire for marketing purposes. Yea, they are familiar with Bitcoin and cryptocurrency. Those aren't familiar hard to manage them to accept Bitcoin. But at least I tried to pay through Bitcoin or other cryptocurrencies, especially for marketing.

There's no blaming, there's no need to blame.

Everyone is free to choose whatever they want since they've signed a different contract that doesn't say anything about cryptocurrencies or bitcoin alone.

It is that the owner of the company is just to concerned with them and there's no blame that has happened.

Good idea but i don't think it will work for now as bitcoin is not yet adopted as an option to fiat. Having it as an incentive instead may create a good start for the employees as it can be an eye opener for them to learn about bitcoin and start investing in it for future retirement funds. However, the employer should educate first his employees about bitcoin so that his effort on giving them bitcoin will not be put into waste. Bitcoin is valuable so it should be well taken care of and properly managed.

But you could really make it as an option although there would be employees might really be that interested but for sure most of them would definitely be sticking with fiat
since Bitcoin isnt known worldwide yet or on every corner of the world which it isnt surprising that people would be sticking out on something which they've been used too.
Volatility and regulation issues would be the main concern on here on which the main reason on why they wont be selecting this.

Giving bitcoin to employees as a salary is a good decision to improve your business and to have more customers in the community. Many people will be very happy to see this great development in their country by receiving bitcoin as a reward for their labour in different organization in the country. Many companies will like to take this step from you by introducing bitcoin payment into their organization since many workers now prefer bitcoin payment than fiat payment.

Those countries that bitcoin is well legalized will really enjoy this new strategy some business men has introduced into their business  by giving their workers bitcoin as a payment.

well, one way to support and introduce bitcoin to be more widespread is this way. well, as long as the workers accept that, and as long as the country still makes bitcoin legal, that would be great. because I think the workers will be encouraged to keep holding the bitcoins they get a few percent when they know the potential of their payment tool.
however, in my country, this is still prohibited because bitcoin is prohibited from being used as a means of payment of any kind. but, sooner or later, people will realize and accept bitcoin. well, and there's probably a lot going on out there.

Before making this plan to happen the employer make sure that their employees can use bitcoin everywhere since if bitcoin is not been adopted nor make it legal on the country where they on then for sure those people who doesn't know about how to use it will be confuse on how they can use those thing and might they will get upset for fee's and inconvenience they encounter upon withdrawal of their supposed to be salary.

I think this is a good idea you are doing and I think it would be fantastic if my employer paid me partially in bitcoin. I suspect more companies will offer this an option because so many employees see the value of having a significant portion of their portfolio in bitcoin.
If people prefer to be paid in fiat I think they should be able to opt out of this but personally I think being compensated in bitcoin is a great motivator for me personally.

They should ensure it as an owner of the company that his employees could really exchange it out to fiat without any problems which means that it would really matter on the condition of crypto laws
on a particular country which you do reside in which means that you would really be that in concern or trying to verify because if they dont able to do so then you cant possibly apply this system.
Also you should not enforced out your employees on accepting bitcoin but rather making it as an option.

It is a matter of choice. Some employees only need money to solve pressing problems and not to save for a long time. If you are paying them in bitcoin you will be creating more problems for them to convert it to fiat before use. And you cannot make it compulsory unless your business is offering crypto related services.

It should be remembered that employees who have received BTC will receive an advantage over those who receive fiat only in the bull market. And this means that in the event of a decrease in the price of bitcoin, they can quickly become disillusioned with such a method of paying for their work.

I think there are certainly positive and negative impacts. If it had reached an agreement of course it would not have been a problem. Of course, you also have to know how to defend your employees. In my country not all employees understand what bitcoin is and how it works. But so far I think fiat will be a favorite because it can be directly used to meet their living needs.

Correct, we must understand that most people live paycheck to paycheck and have no savings and a lot of debt, so the majority cannot really afford to invest in anything and even less to hold their coins for years in the case there is a drop in the price of bitcoin, as such it is better to just give them their fiat and let them decide on their own if they want to invest in bitcoin or not, after all the circumstances of each employee are different and it is better to let them decide on their own if this is something they want to do or not.

For sure the employer will because it will start on him. He cant also use btc if btc is not legalize on his country. On most countries btc is already legal although only less countries has accepted btc in the physical markets. This wont still be a hindrance to not introduce btc in your workers because they can still use their btc online or convert their btc first before they can use it on the physical markets.

Fees and other conveniences can be expect when your using a btc but there are times that these things cant be really felt. Not all times fees are high and transaction sometimes are super fast. We should not only think of the disadvantage when we use a btc because there are also advantages that we can feel.

OP wouldn't have this idea if Bitcoin is illegal in their country, he also mentioned that it is legal instead. They doesn't need a place where they could spend Bitcoin everywhere, simply converting it to fiat will do the trick. Besides, OP said it was for future savings, so basically the employees doesn't need to spend it instantly once they've received their salaries.

I think that still optional if they wanted to spend it right away or not coz this will have no difference when got paid with fiat money. I was thinking about how the conversion has been done as the price moves up and down. If the company will set an exact amount in BTC, that isn't unfair for the employees.
Anyways, whatever is their rules, I think everyone had already agreed with that.
Anyhow, it was good to see some companies are already practicing that term of salary as this will help to spread the use of Bitcoin in real life, not just only on the internet.

I pray that all entrepreneurs in this world think like you...

in developed countries I'm sure people are familiar with Bitcoin, just need to be told that the price of bitcoin is fluctuating for sure they will understand. I really believe there are many people out there, especially employees who hope to have a good future, want to buy Bitcoin but they are afraid, hopefully what you are doing right now makes your employees not afraid of investing in Bitcoin.

Wages are fixed in fiat rates and paid proportionally in bitcoins, taking its currently price on the moment the payment is executed by the company. That is similar to how some signature campaigns work here. If bitcoin goes up, employees will receive less and if bitcoin goes down, the wages will be raised in btc value.
However, if employees fear volatility, it's not a good idea to receive payments in bitcoin, because they will have to constantly convert it back to fiat currency, as soon as they are paid, to avoid losing their money value during a bearish market.

Well they should know and be aware of how bitcoin will work, how bitcoin becomes volatility or how to overcome bitcoin price fluctuation.
There will be an advantage and disadvantages if employees will use bitcoin as a payment when it goes down employees will be happy but it goes up they will perhaps feel sad because it becomes bitcoin expensive in the market. But all of this depends on them if they will manage the volality.

I wonder if there would be more like this I mean giving their employees a choice if they want to get their salary on crypto or Fiat,
It would really be nice if every could have that opportunity, I would definitely go with crypto and convert only the amount of money that I need and hold the remaining amount.
It would be great for me since I wouldn't need to pay for transaction fee on cashing in my Fiat and trading it into crypto.

For those people who are aware of crypto or does have knowledge then it would be a great add up but for those who dont then for sure they would be hesitating because they arent sure on what they are dealing with

and thats why as a boss or owner of the company then basic knowledge would really be suggested or recommended.Some might look interested on crypto option or bitcoin pay but most of them would just

stick out into that original or traditional settings that they've been get used to.

are there any major companies in the real world that have tried paying employee salaries with Bitcoin? if there is then that company's employees are very lucky. maybe in el salvador there are already many companies that adopt bitcoin as a salary payment but almost never get exposure to the media.

bitcoin is truly a magical real thing, someone is free to use the bitcoins he/she owns (whether to make it a currency or an investment asset) bitcoin is a solution for employees to live comfortably in retirement in the future.

Yeah I agree with you. Working for a month and then getting payed and seeing losing money in couple of hours is bad. I think people should invest alone if they want and how much they want.

This is something that brings a lot of progress, honestly it is not only a way to encourage everyone to learn about BTC but it makes employees open their minds to a new economic technology, it is also necessary that when they accept the salary in BTC that it is very volatile, that from one moment to another its value can go down, as well as go up and generate much more profitability, that it depends on each one of them if they want to have it in Hodl mode or not.

Whenever you've decided for your workers to receive btc payment then as an owner then you should need to explain just the basics would be enough because
we know that bitcoin isnt already known for everybody on which lots still have no idea on what it is and if you do directly integrate it out then they would surely
be avoiding and dealing with it because they dont really love the volatility that do involves on which it isnt really that a surprising thing kind of reaction.

Well rather than make Bitcoin as worker payment we can make Bitcoin as a gift from the performance that they give to the company, I'm pretty sure there are many people who will refuse Bitcoin as their payment because of many reasons such as its volatility. But when it comes to a gift/reward a big chance they will accept it because right now Bitcoin is like digital gold.

Indeed. Its an opportunity to grow your money by investing in Bitcoin. We know employees are not getting much and usually has a fixed salary. By engaging to Bitcoin, they have something to count on in the future specially Bitcoin is best to hold for long term. Though there's no assurance that you will be a gainer, but atleast there's a chance. Its a good thing that op will retain the fiat paychecks, this way employees can decide for themselves on what they prefer and if they are really determine to hold Bitcoin.

Sorry, the update you made on your post – were you trying to say that BTC is illegal or legal? :-\
Anyways, I don’t think there is any much difficulties in paying your employees with Bitcoin, all you’re going to need is to introduce them to whatever cryptocurrency wallet you fit best, example: Trust Wallet.

After they might have set up their wallet, they will have to give you their wallet addresses  and you can use a spreadsheet to keep record of their addresses and at the end of the month you can send BTC to them using the addresses that they have provided. I have worked with a company that paid its employees with BTC and that was how they did it; the asked for workers Bitcoin addresses, and at the end of the month we would all have the BTC sent to our wallets.

May be in a sense, it is possible but I think it will also depend upon your each employ if they wanted to do it as their own choice or they wanted to prefer another way as someone may be not linking bitcoin in a way you are discussing here and many more like that, so it is everyone's own choice that what he wants and at which amount he is happy enough. It will be good to invest in such a way that they bounce back their money and get more.

That’s right, and it’s also going to benefit the workers on a long term. If the workers should decide to be storing the Bitcoins that are being sent to them for future purpose, such as a pension, then it’s really going to help them a lot, because in the next five to ten years, the Bitcoins would be worth a lot more than what it is worth today, and then can decide to use for whatever they want. If it happens that they have retired by then, they can use the money to start up whatever it is that they would like to start in the future, it’s really going to help them.

Depends on how they've been educated about bitcoin or their awareness of it because they wont be tending on accepting as bitcoin as their salary if they arent aware on what it is.
So as an owner of the company then he should really at least give out some basic information on whats bitcoin and make it as an option for their salary.
If they do then they do really have that kind of opportunity on earning more in the future when the value would risen up.

I think it was optional either they wanted to get paid with Bitcoin (those who are aware of it) or fiat for those who are not. But this seems not in a comfortable way knowing the value of Bitcoin will sometimes drop making them lose a few bucks. We can understand that situation as we are in this crypto world for many years but for those who are new, that gonna be in question and probably they will choose fiat over Bitcoin.

for a country that has not ratified bitcoin like mine, I think it has a big risk if we want to pay employees using bitcoin, of course this will deal with the law and actually hinder the development of our company. therefore it is fitting for us to live in a country and obey the regulations in that country, including the use of bitcoin, which is practically a money-making tool for now

What I like here is that giving Bitcoin to employees is great, just so it requires education and if the company's goal is to provide them with long term savings then I think it would be better for the company to use hardware and open the workers' ordinance in the stingy world.  They don't give up when they read Bitcoin and there are many more coins they can get acquainted with. It's okay if I'm not married and it's owned by a company

No for me if this is in the real life. Because I am aware enough that crypto is not legal for payment in my country I cannot use it. Expect that we are going to hide the transaction and we agree with one another, maybe we can do it.
But exactly, this may be risky enough.
On the other hand, I actually always appreciate what people are doing by utilizing BItcoin so far. So, it can add more status and value to Bitcoin itself. This is one of them that you can consider about using Bitcoin for certain utility, including paying salary for the employee.
Have you realized that your employees also understand about the BTC?

I basically did this at one point. We were creating a project, and we needed people for a few things, since we were a small project and paid very little, it was just some college kids that we needed to work with for small stuff. Like telegram community management, all they had to do was be online when we were asleep and delete all the spam, that's it, they didn't even need to respond with anything specific, just say that we would be online later on and that would be fine.

Secondly twitter check, like see what people wrote as response while we were asleep, and respond accordingly, like "contact us at @here for further support" type of stuff. Basically just be online when we are offline, that's it. We paid crypto for it as well, and it worked out fine.

That is a great strategy, because many people can always be online and more because of the working conditions that are actually very simple, I have been in other projects where I have had to be the admin of a telegram channel, but I have had to I studied the whitepaper well to answer all the questions and even so there were questions that I didn't even know reading the whitepaper, there I had to look for help, and they didn't even pay in BTC, so if all jobs paid in BTC it would be something different, because there would be more motivation, more knowing that the btc can take a bullish turn at any moment and that the money increases, when talking about payments in BTC in a job it attracts much more attention, that is, it makes it more attractive.

I believe that what you wanted to say was that cryptocurrency is illegal in your country.
In case cryptocurrencies are illegal in your country you can still continue to make use of it and even be sending it to your employees.

Although you would have to be very careful and make sure it wouldn’t be an information that would leak out there or get to the authority because that will then result to a problem for you and your company.

Or maybe it is best that you just stay out of making such a decision and just continue to pay your employees with Fiat. The decision that you made is a good one but if making such a decision would be to the detriment of your biz, then it is best that you just forget about it.