Bitcoin Forum

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

It is my salary and I need some of it to get by each month so I will have to take some in fiat. If I am allowed to pick a percentage, I will take 70% in fiat and 30% in Bitcoin. No other cryptocurrency will be considered.

If I have to pick one, I will take 100% in fiat then buy bitcoin with the amount I want to from each pay cheque. This will change as my financial outlook changes.

- Jay -

I think it's easy if we have the foresight and have the spirit to invest, of course, the salary choice we take is in the form of cryptocurrencies that have long-term potential such as BTC, ETH, but if we don't have that soul, it's better to still receive a salary in Fiat instead of risking a decrease in value due to market fluctuations and later feel disturbed in carrying out work activities.

With how volatile the cryptocurrency market is, I don't think that it's ever a good idea to be doing that, another thing that's worth mentioning too is that you're going to need a stable income to be able to get yourself the essentials like rent, food, and some leisure stuff, this way you won't have any problem with them and you can invest without having to worry about selling at the wrong time because you've already covered that part. Make sure to cover the most basics first before doubling down on crypto investments, people seem to forget the risk involved that they're willing to lose a lot of money just to get in which isn't the right move.

It depends on how many marketplace or business that accept Bitcoin as alternative payment.

If most of businesses accept Bitcoin, I would choose to receive 100 in Bitcoin (30% in Lightning Network and 70% in on chain), so I only use 30% for my monthly needs.

If most of businesses didn't accept Bitcoin, it would be 30% in fiat and 70% in Bitcoin.

The good thing to receive salary in Bitcoin is helping people to automatically DCA-ing Bitcoin every month without need to spend time to buy it.

Bitcoin - yes, crypto - no. I'm totally okay with payments in Bitcoin, although I must admit that tax-wise and even simply comfort-wise it's easier to get local fiat currency as payment because then you can easily use it directly for anything. But even with that, I wouldn't say no to Bitcoin payments, as it's fairly simple in my country to exchange Bitcoin for local currency when needed. So the only issue is those rare times of extreme fees.
Importantly, it's always possible to just buy some BTC with whatever you're getting your salary in, so it's not a major issue.

Considering the exorbitant taxation on bitcoin transactions in my country and that it is accepted by literally no merchant, I would prefer having fiat as a salary, if I am in a job.

So it all boils down to these factors,
whether bitcoin or crypto is accepted by most merchants and shops in your city?
Are the exchanges and the government in good terms about crypto?
and maybe some more.

Since salary is the biggest source of money to be spent over the month, you want it in something that you can spend easily - for groceries, food and daily needs.

If you can receive your bitcoin through your salary, it's good, not bad if you actually want to invest in Bitcoin with part of your salary.

It is unrealistic and also unsafe to use all salary for investment in Bitcoin so the wise deal is receive only part of your salary in Bitcoin, the rest part is in your fiat currency to use directly without needs to make any on-chain transaction or to pay any tax from selling your bitcoin for fiat currency.

You will have to pay fee to purchase Bitcoin from your salary but if you receive your salary in Bitcoin, you will not have to pay that fee.

Many people will come and tell you that fiat currencies are losing value due to inflation and they will choose bitcoin. But if it were me, I would still choose to receive my salary in fiat currency because I don't want the value of my salary to fluctuate too much. What happens when you receive your salary in bitcoin and immediately after receiving it, the price of bitcoin adjusts by 10% or even 30%? Meanwhile, that salary is not only used for investment but also for daily living needs, and losing 30% of its value is something not everyone can endure. Meanwhile, with fiat currency, I can actively invest in bitcoin after completing my monthly spending plan.


For me bitcoin is more suitable for use as an investment asset, it is not suitable as a currency because of its volatility.

For real I will certainly I would accept bitcoin specifically as payment method or as salary and I can also accept a stable coin as salary.

But the truth is that it doesn't matter what currency I get paid with whether crypto (bitcoin) or fiat but where it begins to matter is when I want to keep them, perhaps I would never save a dime for future purposes in fiat as they are all known for getting inflated over time but bitcoins volatility can be a good one as long as I'm keeping it for long but if I'm not going to save for up to 4-10 years then I would save in a stable coin but certainly not fiat.

A better option would be what the first person commented which is taking all payments in fiat then use them to purchase as such as you can.

I think this topic has been discussed many times here in Bitcointalk. My answer will always be the same. If I were into investment at the moment, I would receive my salary and have a choice between BTC and fiat. I would pick BTC. I would only choose fiat if I really needed it for daily use. I prioritize Bitcoin over fiat currency for long-term holding, only converting to fiat when needed for daily expenses.

If you can have 50/50, fiat and BTC then it might be good for you. But I don't think there will be company willing to do that, I mean it should be 100% Bitcoin or fiat per se. And I think if I'm not mistaken, there are history as well with mayor in the US willing to received their salary on Bitcoin crypto and other sports personalities as well. They know the risk involved as well and they are willing.

Mayor Adams to Receive First Paycheck in Cryptocurrency. (https://www.nyc.gov/office-of-the-mayor/news/041-22/mayor-adams-receive-first-paycheck-cryptocurrency)

I will accept a larger percentage in fiat based on the new regulations concerning P2P in my country, which would make it a bit difficult to trade cryptocurrency to fiat once the policy gets into full effect or use fiat to purchase cryptocurrency.

I will accept more in fiat, like 80%, and then the remaining 20% in BTC.

I have worked for a bitcoin salary in the past, and there is no difference between getting paid in bitcoin or in fiat if you will spend the money. There could be a difference if the goal is to hold, but it's hard to hold when you have to pay bills, house rent, and other stuff.

I would prefer a coin with fast confirmations and low fees, something like dogecoin or litecoin, because Bitcoin can be slow and expensive, so, it is not a good option at all.

If we are talking about our main source of income then I would prefer the Fiat because we yet to see Bitcoin can be used for payments in day to day life, so if you recieve salary in Bitcoin then you have to convert them into fiat in anyway so you may spend extra while trading fee and withdrawal fee if there's any.

Instead you can use the salary to buy Bitcoin that you intend to save any amount from your salary for future use.

For me, I am indifferent about Fiat and Crypto payments, all that matters is for my money to reach me one way or the other. This is because my cryptos can be converted into fiat, and so is my fiat currency, it can be easily converted to any cryptocurrency of my choice, which makes this no big deal at all.

If anyone thinks I will choose Bitcoin here, then that person(s) must be a joker. I will go for the coins whose transaction speed is faster and will afford me a very low fee. Litecoin or Ripple will do.

To be honest I am deeply invested in Bitcoin but at this moment in time I prefer my salary in fiat. It’s too much of a problem to have my whole salary in Bitcoin, it makes taxes complicated & I can't pay most of my bills with Bitcoin so I prefer to buy Bitcoin with a % of my monthly wage & get the rest in fiat.

I would personally like to recieve 75% salary in my local currency and remaining 25% into Bitcoin because that's what I usually save or invest hence the 25% would be considered as an investment and I can still live comfortably without that 25%. I think everyone should risk only what they can afford to lose because if we opt for entire salary in Bitcoin and it's bearish run then what would you do?

If it’s even the only income coming then fiat could be the way out at least whenever you choose to invest in bitcoin you can still easily buy with fiat from different exchanges. The stress sometimes of converting every time to fiat will be much. Also the tax conversion burden is another issue again. If I had multiple income streams then the one that offers me bitcoin option might be the one I will take.


Picking other fast or less fee Altcoins ahead of bitcoin is probably because you want to be converting to fiat all the time maybe because it is your main source of income. If it is then why go through that route when there is fiat option available to pick and safe the hassle. Those picking bitcoin are definitely those that want to hodl and are not regular converters. I don’t see any reason why someone will pick bitcoin or Altcoins when they don’t intend to hold them

Getting paid in crypto doesnt really matter. There are tons of signature promoters on bitcointalk which get paid in cryptocurrency. The issue lies more what you do with it after you receive your pay check.

Most people will just send to an exchange and sell it to a stablecoin or fiat and withdraw to their bank account. There are a few that hold the cryptocurrency for a while but those obviously are people who have some other income stream and dont depend on the paycheck to pay their bills. Since you can't really use bitcoin to pay your mortgage, car payment, grocery bill, etc.

I will prefer being paid in bitcoin, because i have a lot of prospects in using a decentralized digital currency like bitcoin than when i chose being paid in fiat under a centralized financial system.


bitcoin still remains and I've already stated the reason for that above.


if i cant afford to hodl in bitcoin and needs money for my daily needs, i will immediately convert some amount to USDT and and use them for up keep and for exchange purpose, while the ones i needed to safe up will remain in bitcoin as a log term investment.

I'd prefer to get paid with Bitcoin or any other crypto as long as it's an option or if the company will ask us weekly if what we prefer. But if it's a permanent thing then it won't be a problem to me whatever they prefer as long as it's BTC or any of the top altcoins. We've been used to it so that's not going to be a problem to me.

That's fine, I've been used to the risk and volatility of the market so it won't bother me anymore. Receiving crypto as a salary is a YAY and it sounds good, actually better if you're also a crypto investor. You don't need to think about purchasing it as you can basically hold it for your convenience as you treat it as an investment.

I prefer to be paid in BTC. I'm already used to it due to signature campaigns' payments, and it doesn't bother me in anyways. I learned how to organize my budget properly, converting the sum of money I need for daily expenses into fiat currency, while keeping the rest in BTC currency untouched. When you earn in Bitcoin, I feel like it encourages to invest more and spend less.

Also, it's much more accessible to invest when you receive your money in Bitcoin, than having to be paid in fiat to purchase Bitcoin right after, especially nowadays with the government crazy to tax and track all your investments' steps. Moreover, taxes are really abusive over crypto investments, so it's better that you are paid in Bitcoin and cashout it into fiat in small amounts, always you need the money.

On long run there is also another advantage, which is the fact your money is gaining more value when kept in BTC currency. On the other hand, you would be losing purchasing power by letting your money idle or invested at traditional investments categories at fiat banks, due to inflation.

It's actually interesting, the only thing that's stuck in my mind is what about fluctuations? The price of crypto certainly won't be the same every month, so if the salary for a job using crypto will definitely be a different amount every month, it might be a bit troublesome in my opinion. I can't imagine the details of the method for paying job salaries with crypto. But I've read that software development service provider Sequoia Holdings LLC allows employees to receive part of their salary in the form of cryptocurrency or digital currencies such as Bitcoin. They use a third party to run a salary payment program with crypto and the salary will be transferred to a recognized digital wallet. For now I choose payment by fiat because I don't know the detailed method yet, but it doesn't rule out the possibility that in the future I will also want to pay my work salary using crypto. And of course I will choose bitcoin and ethereum which I think are more secure.

I'd also do this, if it's my salary and my main source of income. Then, I'd just get a portion of fiat and Bitcoin from it. Well, that will be hassle to the company to cut the other and do the rest in fiat but if that's the incentive that they're giving to employees like me then I'd gladly accept that. But just as you've said, if it's going to be crucial for me and my situation that I have to pick one and in times like this. I'm good with my current BTC holdings so I'd choose fiat as well and will do the cut on my own for doing DCA for my additional BTC holdings.

Where I live there are very limited options when it comes to using my coins directly to buy what I want, so in the case I wanted to make even some of the smallest and simplest transactions you can imagine, I will still need to convert my coins to fiat, so when you add the all the fees I would need to pay and the inconvenience of doing so, I will still like to receive my salary in fiat, and once I pay for all what I need, I would then allocate a portion of my remaining capital to buy more bitcoin.

Yay!

If there is an option to receive USDT, I think this will be a better option and then you have the chance to choose which crypto to invest for yourself.
I would probably provide a USDT wallet from an exchange if this is what my purpose would be just so I could easily try investing without having to send them to an exchange.

For example, if you are paid in crypto currency, what if there is a transaction or a heavy spike during delivery, will the company cover all of this? Of course not, the company will incur extra costs to send it. What if there is a reduction, who will be the loser? We should get the appropriate salary standards. Meanwhile, we need it for daily life at a price that is quite expensive due to inflation every year. Indeed, this asset is quite good for investment, but this method is not good in my opinion. Of course the company will comply with the rules that apply in its country regarding fiat money.

I prefer to be paid in fiat because I can control how much fiat I will use to invest in Bitcoin. I will manage that salary and adjust it to my family's needs. After that, I will know how much money I can use to invest in Bitcoin.

If Bitcoin has become a means of payment in my country and my company replaces my salary using Bitcoin, I will accept it. But if my country or company doesn't use Bitcoin, I prefer to stick with fiat. It depends on the situation and conditions in our respective places.

We have to look at the situation in our country first before deciding to accept a salary in Bitcoin. If receiving salary in Bitcoin is permitted, we may receive it in Bitcoin.

You could've put a poll to get a more clear answer to this question OP but to me I think that it's going to be a nay for me, we have to remember that cryptocurrency is a volatile asset which means that it can be going up today and it could suddenly go down in an hour, the movement of the price is unpredictable even if there's some reliable technical analysis that's involved, the inherent volatility of most cryptocurrency is just too much which can only mean that if it's going to be your salary, you're going to have a hard time balancing your basic needs and your payment for house or rent if you've got a cryptocurrency for salary, remember that what you need for your salary is something stable enough that you won't starve or become homeless.

Maybe you can get away with doing that if that salary is from a side hustle but other than that, you got to be kidding me to be doing that with your main job so it's going to be a no for me.

I'd choose bitcoin of course, so the answer is yay. Since we're in "bitcoin discussion" I wouldn't want to be paid in crypto, but I'd like to be paid in bitcoin.


Oh really? And fiat money is the stability you're looking for, right?

https://gcdnb.pbrd.co/images/0hjtvY8qbkSD.jpg?o=1

Over the course of last year and the year before that, we had celebrities that wanted their wages to be paid by them promoters using Bitcoin, even some of the sport guys too, mainly baseball. This did make the news and trend for a while before it gradually didn’t feel like anything new. It’s a rare opportunity but, it ain’t anything new to receive your payment in Bitcoin.

If you happen to be working with any organization or corporation that gives you the leverage to choose a payment media in cryptocurrency, of course it would be best you go Bitcoin today or any other day. You should make certain considerations though, like the network fee which might serve some delays but, you’ve still got some benefits.

Like, you don’t get to plan on how you’re going to reinvest or invest in Bitcoin no more. The most you would find yourself doing is, withdrawing just what you need and being a hodler on the rest. It plays into having a good Bitcoin investment plan without any actual planning.

Would be going with fiat because you dont want for your salary to shrink or would be dropping its price on the time that you do receive it on which we do know crypto that it could really be able to happen
on where several minutes or hours will really be something ends up on some correction. Same goes with pumping market then it could potentially be able to give out that kind of gains too
but even as a crypto enthusiast, you cant really be able to deny that you would really be that still preferring fiat. You could still have the option whether you would investing on crypto later
on or would really be tending to get that full amount or fixed ones. It will really be that falling into someones preference and need in the end of the day.

Both fiat currencies and cryptocurrencies are very liquid, so it's not so important how you get paid. You can convert between them quite easily. I already have Bitcoin and I need fiat to pay my bills and buy things, so if I were paid in Bitcoin,I would just convert it to fiat.

Getting paid in Bitcoin makes sense for someone who does DCA, but they wouldn't want they whole salary paid in BTC - only the amount they allocate each month.

if stablecoin is considered crypto, receiving stablecoin as a salary would be much preferred.  its value remains as is regardless of the fluctuating crypto markets.  stablecoin will be the preferred one for employees.

but i'm wondering which company is going to be doing this. unless it's an online job it's going to be logical. if there is just a platform for employers to look for users accepting stablecoin, i think many of us are already in that platform looking for a job.

Actually everyone is entitle to decide what is best for him/her in my own opinion I prefer to be paid in fiat, reason is because you can't really predict the future of bitcoin. because the value can drop at any given time, you know bitcoin value is not stable always it varies secondly even when you get paid in btc before you can use it you will still need to covert it and this process is still going to cost you some amount of money and after this whole process you won't get that exact amount that they paid you as your salary. that is why is good to check the advantage and also the disadvantage before making any decision.

I don't really care about the currency, what matters is how much I am being paid. If I am paid in Bitcoin or other cryptocurrencies I will still have to convert some to fiat to enable me to use them for my daily expenses. If I am receiving payment in fiat I will still have to convert some of them to Bitcoin as my investment. My major focus or concern will be to have a high-paying job that can cater to my needs and still provide some amount of savings for my investment in Bitcoin and others.


One can earn in fiat but keeping or saving your money in the bank will be a costly mistake. Inflation leads to the loss of value of many fiat currencies. It will be better to invest in a sector that will bring profits to help cushion the effect of currency loss of value and Bitcoin has proved over the years to be a good hedge against inflation.

This is also my stance on this topic. Whether paid in cryptocurrency or in fiat, you can swap between them. So, it all boils down to what the receiver wants. To save in bitcoin or in fiat. With the instance adaseb gave, you can understand that some signature campaign participants do not even spend from their earnings. They allow it to grow with bitcoin while some send direct to exchanges and convert to fiat. But keeping part in bitcoin and the spendables in fiat seems a nice idea.

Well it's depends to how usable that salary is to you because if it's something you depend on for your means of livelihood then I believe having it in crypto is probably not the best idea although their is still the choice you chosing to save part of it if it's in crypto and then maybe sell the rest and use it for whatever purpose deemed fit. If am to choose the cryptocurrency then I think Bitcoin or USDT will probably be the option I would go for.

The fact that I'm going to change it to fiat even after getting paid, I think I will just go for fiat if I am allowed to choose the currency I want to get paid with, but if I must be paid with bitcoin, I will accept it. because if my job is my only source of income, what will be the use of accepting my salary in bitcoin when I know I will not invest at that time? Furthermore, bitcoin is very volatile; the price can change at any time, so I think it should be better for me to go for fiat. Perhaps if I am ready to invest, then I can change the means of getting paid to maybe bitcoin or crypto that I want to invest in at that time.

It solely depends on how I'd wanna utilize my salary and when it normally comes... If it's a monthly payroll, and I prolly have something else that fetches enough, I'd choose to HODL the Golden coin!
At that, I'm not expecting to break the bank anytime soon, but like i said earlier, it depends on the period though.

Are you tryna convince us not to HODL Bitcoin already? Lol.. My hard earned money has dwindled in way too many unprofitable ways than that. I won't panic one bit should that ever happen again  :)
You can only complain of the effects of inflation if you already have enough to spare. For me, it's about how extravagant one can be.

Since I already am accumulating bitcoin and would want to be able to hold more then surely I would choose bitcoin. Of course there’s risks however I could think of it as dca strategy as my profit comes in at regular intervals. It is up to me how would I maximize my earnings but I just need my employer to give me my salary, not in fiat, but in crypto and specifically bitcoin.

If I have only one income, it seems more logical to choose fiat and buy Bitcoin with the amount I increase. People who want to save Bitcoin already know how to buy Bitcoin and allocate a certain amount of their salaries as investments. While answering this question, it should not be forgotten how variable the crypto market is. Investments are personal decisions and everyone should make this decision with their own money.

Maybe this question will be answered differently 10 years from now, but it seems better to choose fiat now.

I’m sure lots of people would be attracted to the thought of earning cryptocurrencies however let us think about it from a realistic perspective. If I were to choose bitcoin or ethereum, both coins have an insane amount of transactions and gas fees. If I had to take out some of my salary for daily expenses and other bills, it would take so much fees from my salary which is something I do not want.

Maybe I would want it via other altcoins and then I could take out a small amount and then buy the rest of bitcoin.

I'd just consider the government and local position regarding Bitcoin adaption which is why I still prefer to pay in fiat than BTC (or any stable currency).

Reasons:
 - BTC is not accepted yet as a mode of payment
 - I still need to spend a few bucks to convert it into fiat money
 - volatility of the price

This is a salary that I expect should be the intact amount I received but if the BTC payment is pushed through, that possibly be changed due to its volatility and some extra trx fees. I believe the best option remains to fiat unless the employer covers all the extra fees that may happen.

This has been discussed, and there is already an existing topic about it, but for the sake of the question, will I accept bitcoin or any other crypto currency as a salary? No, why? Well, it's because my salary is my stable income, and we know that crypto currency is volatile, and any minute your salary could change depending on the movement of the market, along with transaction fees and conversion fees. So you think that if you have your own stable income and need to wait for a few days in order to receive your salary in the form of crypto, Well, for me, it is not practical. I know how to invest in crypto currency, and I already do that, but I want to separate my crypto life from my stable income because sometimes I get a small portion of my salary in order to invest in crypto, and I already have an established crypto currency fund where I think I don't need my salary to be in the form of crypto. Many are saying that it's fine with them, but didn't you think about the factor or effect of it? I don't disagree with crypto; it's just that it's not a practical way, I think.

Accepting crypto for salary will be a great thing that I will love as it will make it easy for me to do my DCA in bitcoin. As salary is paid, my jobs is just to sell the part I will use for my basic needs and emergency fund which I will still love to keep in fiat, the rest will then be left in bitcoin. If there is option of accepting some of the payments in Bitcoin and some in fiat, I will go with this option and save myself the stress of converting to fiat.

I think payment of salary in cryptocurrency is only possible in countries where bitcoin is a legal tender such as El Salvador. I do not know if such options are already being explored by companies on such countries.

With Bitcoin am good to go yeah I don't mind receiving my salary in Bitcoin because it is Bitcoin and not any other coins such that even if the value shrinks within a small time it has been consistently proven to be rising up when it value comes down, yes am ok am very much receiving my salary in Bitcoin and convert the quantity that I want to makes use of in my local currency.

I think I already saw such a thing a few years ago and surely those guys already multiplied their bitcoins a lot since they invested at a lower price like less than $10k when the price of bitcoin was struggling to cross 10k before. now that we are heading into possible bull runs if they didn't convert their bitcoins to fiat until now, surely they will become a millionaire in a short period of time. right now, companies that are solely supporting bitcoins should give their employees options to choose whether to get their salary on bitcoins in total amount or just some of it in order to promote and contribute to making bitcoins more popular.

Acceptance of Bitcoin as a salary will depend mainly on the acceptance of Bitcoin in that country and the acceptance of Bitcoin among the people. No matter how popular Bitcoin is in a country, if the people of that country do not want to accept Bitcoin as a salary, then Bitcoin will not be easily adopted in that country. But in my case if asked to take salary as Bitcoin payment then I must take salary 80% in fiat currency and rest 20% I will take through Bitcoin and I will keep it as life time holding for future.

As far as I am concerned, if bitcoin is used as a payment method the popularity of bitcoin will increase with the increase in the value of crypto many people will prefer crypto but it will depend on the legitimacy of crypto and the people of that country. There are many people who don't know the use of crypto they prefer fiat because they use cash.

     Maybe if I'm an example employee and I'm asked to pay me bitcoin as a salary, I'll probably only agree if it's 50/50, for at least I have my daily expenses in the budget when I enter the company. I will consider the Bitcoin that will be paid to me as savings for the future.

     This is just my opinion; I don't know about others who are with me in the crypto community we live in. But probably the majority of those who are different here will still agree to pay them in fiat as a salary.

There's no difference if you get paid through Bitcoin or fiat, actually it would harm your privacy since many people now know if you get paid in Bitcoin. Do you want your colleagues to ask a loan from you? especially when Bitcoin price increases. If you get paid in fiat, you can directly buy Bitcoin, in the end your salary turns become Bitcoin.

So it's a nay for me since I care with my privacy.

It would be great, but we still need Fiat in order to pay up since we couldn't pay everything with crypto right now.
If they would offer me such thing maybe I would ask if they could be paid half in crypto and half in Fiat, so that I could save up from paying fee on converting crypto to fiat vice versa.

Paying in bitcoin would be very nice, but that the challenge is that most of my expenses are paid in fiat and converting from bitcoin to fiat would amount to loss in the form of transaction fees. However, if the company would agree to pay part in fiat, so I can use that to cover my day to day expenses while the other part be paid in bitcoin.

In my opinion, whether we receive salary in bitcoin or fiat , there is not much difference .  Because even if we get it in bitcoin, they will still base it on the value of the BTC/USDT pair at the time they pay us, so it's not a huge difference .

If you are afraid of privacy, it means you do not support bitcoin becoming a currency and being widely used globally . If everyone did not want others to know that they owned bitcoin, then bitcoin would never be used as a means of payment or become popular.  That's what I've been wondering for a long time, how to help bitcoin become popular when we want to keep it private and don't want anyone to know we have bitcoins, nor do we want to use them for payment?

If I'm been given option, I'm sure everybody will want to be paid in Bitcoin due to it's volatile nature likely to either increase or decrease in value over time, than altcoins of which most likely to be scam project looking for potential victims. Because definitely a time is coming when those working in tech and Blockchain related fields will be fully paid in Bitcoin, which happens to be the currency they represent, than fiat. That is, if only it's not already been implemented. As the fee future of Bitcoin is bright and promising.

Definitely, it's Bitcoin I will like to be paid salary and not altcoins, but if I'm being given two chances, then I will choose Bitcoin and a stable coin such as USDT, because apart from those two, I think it will be better to choose fiat than any altcoins.

I would actually prefer to be paid in Bitcoin buy it should be done with DCA because I don't think just paying in Bitcoin will equaling the kind of value I mey be doing at my job so with a proper DCA terms I can be sure my pay always equates what I should be getting if I'm been paid in Fiat and I will be able to afford all thst I can afford after I must have converted to fiat, the advantage of payment in Bitcoin has to be in the fact that Bitcoin has got some form of volatility that could at some point be ro my advantage if in the bull market, it's possible I get paid today and by tomorrow I'm earning more than I was paid because there has been an increase in the price of Bitcoin.


With fiat you don't really get to enjoy the advantage that comes with the volatility in Bitcoin a d other cryptocurrency at some point because you are getting paid in Fiat who's price is regulated and isn't having volatility to cause any form of surge for it's value.

Why don't you think of the opposite scenario where you just received a payment in bitcoin, and Fud hits the market, bitcoin drops more than 15-20% and worse is the black swan attack, bitcoin will fall in price more than a few days later? Don't just think about the dream scenario that bitcoin will only increase and you will earn more money through receiving salary in bitcoin. Meanwhile, if I receive my salary in fiat, I will be more proactive in investing in bitcoin because sometimes when the market gets worse and bitcoin corrects, I will have the opportunity to own more bitcoin with that fiat.
Receiving salary in bitcoin or fiat both has advantages and disadvantages, and the choice will depend on each person's preferences.

Since I can have my bitcoin changed to fiat when I want to pay for goods and services, I am ok with receiving bitcoin as salary, because for sure bitcoin as salary helps to stop alot of unfavourable outcomes such as over spending, because with bitcoin you have to go through a process before converting the bitcoin to fiat, so it won't be easy to just spend up it money just like that.


Unlike receiving fiat as salary, which gives your express access to the money and increase your chances of spending up all the entire money without saving any part .

Hmm, first of all, both of them are completely different things how can we compare water with fire, they don't have any similar attributes, bro, on what basis we can compare and devise an efficient answer for it, salary is a stable income generated against any kind of service, on the same time in crypto you can be a service provider, trader, investor anything you like according to taste and skills. if you want to compare the crypto market returns on investment & trading vs salary in fiat for any service it requires some input data like what are you getting in fiat then what can you investment in the market and on that investment the speculation of the profits can be provided.

It can be higher or lower completely depending on the investment, market momentum, and one's skills, and some other factors as well. 

In this case, I think it depends on what the business does and how the system of salary and of course how it operates.
That is indeed a good way to talk about how we apply bitcoin as a form of what we do in business at least with a salary given in bitcoin then I think at least this can increase someone's interest in staying in bitcoin at least making it a futures deposit or maybe even a DCA every month.

It's just that this also needs to be thought of because however bitcoin is still quite volatile especially with the situation of transaction costs that are sometimes unpredictable making this a little more troublesome unless there is an MOU about how much salary will be given because it needs to be realized that when making payments through bitcoin it will not be possible every week to be the same so sometimes this seems not too fair because it could be detrimental or even beneficial.

However, the sad reality is that I don’t think bitcoin is accepted here in the city where I lived, as the government still very much focused on fiat and banks, and discouraged everyone to get involved with crypto especially bitcoin. With this, I know I have to receive my salary in fiat, and just secretly continue buying bitcoin until I earned good amount, without no intentions to spend them but will continue to grow them and triple their amount. I guess for now, I will always stick to my goal most especially that bitcoin isn’t very welcome here in my area.

This is an interesting offer that tempts my sense of adventure while also calling for some practical caution.  I mean, getting paid in crypto does seem exciting - like my salary has the potential to grow if the coins take off! That feels promising.  But the volatility scares my risk-averse side a bit too. 

I'd have to think hard about my financial standing before jumping on this crypto compensation train.  If the crypto offered is a pretty solid one like Bitcoin though, and if I've been good about building a regular cash safety net in my bank account, I might just say what the heck and go for it and  a little short-term instability seems worth it for the chance to ride a cryptocurrency wave upward.

By the way, if you don't want to worry about volatility issue for long, you can always convert your crypto to fiat. It is easy now to trade so long the coin is included in the top alts, because mostly they have very good liquidity. So for me, it is not a problem anymore if the company is issuing crypto as a salary, because you have options now to hold or convert it to your fiat.

Honestly, it's actually not a big problem. However, in countries where crypto still cannot be used as a means of payment, it may be more tricky and difficult to implement. For example, we as salary recipients will also immediately convert all or part of the crypto to fiat. Because it's impossible if we don't convert it, we need money for the family's daily needs and also several other things. Therefore, this method may not be effective enough to be used here. So, for now, the most appropriate job salary for the situation and conditions here is still fiat.

There are some physical jobs you do that the company pays you in BTC and I also believe that in  El Salvador some workers receive their salary in BTC. And this you question is a technical question and some people would only be interested to answer it straight to BTC accepting of their salary but all depends on the salary and the income to the person. If the person has another side hustle that gives him money then he would accept bitcoin to be paid but if he doesn't have another hustling job that pays him money to pay bills and other domestic stuff the it is better for him to receive his salary in Fiat and from there he can make a plan to buy bitcoin from the salary because if you received your salary from BTC and you want to pay bills then you have to transfer bitcoin to exchange and sell it and that transaction process, you have to pay transaction fee and if the time you are doing the transaction, the fee is high then you will end up having half salary.

Therefore think well before you choose the option of bitcoin or fiat.

This is also the case where I am, bitcoin is still not accepted as a means of paying so it is just collecting it for the long term which is what I am currently doing too, the price of bitcoin will continue to rise, this opens up opportunities for me to make big profits in the future, remember that there are only 21 million bitcoins created, while more and more people will enter bitcoin, this will make the price of bitcoin continue to strengthen and it will be impossible to return to zero.

I care more about being unemployed than how my salary would be paid.
I would not reject a job offer because my salary is offered to me in the Crypto, if that is the only option presented, then I will have to find a way to ease it up with me.
I have no objections to accepting my full salary in cryptocurrency.

I would like to receive it in BTC. One of the downsides is that there are not many places you can use Bitcoin to pay for stuff so you’ll still have to convert to fiat at the end of the day. Another downside is the transaction fee. But getting paid in Bitcoin just feels right than in any other cryptocurrency (for me).

I’ll chose being paid in fiat still. Bitcoin has no stable value and it’s highly prone to volatility and price crash. The reason why I don’t want to risk my hard-earned funds by receiving it through bitcoin. I’ll just stick to DCA to maximize my bitcoin portfolio without risking all of my funds, that way the risk to lose is low.

Also, bitcoin is not widely accepted as a mode of payment here in our country so it would be useless to convert all my hard-earned funds into bitcoin since I won’t be able to purchase my basic needs at the nearest store. I’ll just prefer fiat in salary and just buy bitcoin using my spare money so I won’t end up panic selling whenever my fiat money is used up.

I don't understand why people always asks, "why not use of bitcoin for the payment?" It's simple, in America if you buy something with btc, it means you have to sell a bit of what you have and that's a taxable event. Why would anyone want to pay taxes just so they called buy a cup of coffee ?

Similar to you, I would also choose to receive my salary in fiat currency instead of bitcoin. Frankly speaking, there are too many disadvantages when we receive a salary in bitcoin for our main job. As long as fiat currency remains the main measure and means of payment in the world, receiving salary in any asset causes disadvantages in life, not just bitcoin. We need to arrange to have a proactive life, a convenient life, not because we love bitcoin and we attach it to everything in life. Currently bitcoin is just an investment asset, it is not a currency or a popular means of payment.

No, because when I receive a salary, I have to pay taxes, pay other bills and have to buy all my needs which can only be paid for using legal means of payment, namely my country's currency.
And besides that, Bitcoin fluctuates a lot and when I receive a salary and Bitcoin decreases, my salary will also decrease following the movement of Bitcoin.
I know Bitcoin is a profitable investment, but I prefer to buy Bitcoin from part of my salary after I use my salary for taxes, other bills and also for all my needs because everything has to be paid in fiat and if I use Bitcoin I also have to bear the costs the transaction.
Except I have two salaries, and I will definitely choose one of them using Bitcoin because this will make Bitcoin continue to accumulate because I receive it with Bitcoin that I will save for the long term. ;D

Maybe for you. I've been paid in crypto exclusively since 2018 and have been using it to buy things pretty regularly for years now.

The hard part is deciding whether or not you can stomach/absorb the risk of a sudden price drop if your entire net worth is crypto-related. For example, the price of Dogecoin dropped 16% in a single day last month, and I had to pay rent the next day, LOL. (All major coins were down that day). This risk is definitely lessened by converting altcoin payments to BTC, or if you prefer no risk, a stablecoin like USDT. (I mean so far Tether hasn't "collapsed" as has been predicted since 2016).


Edit: your account used to use BTC as a currency and means of payment ALL THE TIME, back when it belonged to its original owner, LOL.

I think, I will prefer Bitcoin as salary because whenever the bullish season is available in the market, I will have hope that my Bitcoin is accumulating for me to achieve double income from the Bitcoin, but if you chose fiat as salary, there is no way the fiat will be increasing inside your bank account without you adding to the fiat. There are many companies in El Salvador country who are using Bitcoin as payment in their companies and  their workers are very comfortable with the payment, because they will not touch the Bitcoin when there is a bearish season than to continue holding till the bullish season appear before they can release them for sale. Like those who don't have the knowledge of Bitcoin, they will prefer fiat payment they are use to in the country, because they know how to withdraw the fiat from the bank at anytime.

I would definitely prefer payment using bitcoin, because that way I can hold it for a long time until I get double the income from the price increase.
but again, because not all countries can buy things with bitcoin, we still break down the bitcoin payments into FIAT currency which is legal in a country.
with bitcoin payments, we can exchange about 30% to fiat, the rest is for long-term investment.

As an active investor in Cryptocurrency, I would prefer to be paid in Bitcoin, as I no longer have to go through the hassle of buying Bitcoin and also save on fees. Another reason why I chose Bitcoin is because the salary is not my only source of active income, otherwise there is no need to divide the percentage in the form of Bitcoin and fiat. Having more than one source of income can make it easier for me to organize financial plans for the future, so the money that I would otherwise use to buy Bitcoin can be diverted to other needs because I will get additional Bitcoin which is much more practical when receiving a salary at work.

I would love to accept crypto as my monthly salary, they will do me the favor of DCAing with no extra charges while trying to exchange Fiat into crypto, but it won't make a difference to many people, because they still need money to live, they have bills to pay, so most of that money will be changed back to Fiat.

As you can see, it makes no sense to get paid in crypto when you will be needing fiat to survive, unless you are the type that has more than one job that pays, so you can accept crypto payments here and Fiat as payment in another job.

If you want to accept Bitcoin as payment, then it should depend on the person paying for the transaction fee, if it is the company then it is welcoming, but if you have to pay for the transaction fee I don't think it is worth it, every coin count, and few times in a week you will see Bitcoin transaction fee going higher.

If you have other means of surviving it will be cool to get paid in BTC and hold, especially now that we are in a bull market, your whole salary can easily turn into double in a few months later or even more.

Are you the guy who lives paycheck to paycheck or are you a guy who has a decent salary and wants to invest some part of it for a better future? If you are the first one, then I think it's better for you to get your salary in your local currency to save on conversion fees. If you are the second person that I described, then if I were you, I would get my salary in crypto. The fact that crypto is volatile means that sometimes you'll receive a big amount of Bitcoin and sometimes you'll receive small amount of Bitcoin but in the end, price is significantly rising every time, you only have to convert what you need for your basic needs and save the rest in Bitcoin, in our wallet. After months or years, your saving will be significantly increased.
Years ago I was receiving 0.04 BTC weekly which was roughly 100$ but I saved them for a few months, didn't spend them and my weekly 100$ turned into 500$. I would choose salary in crypto every day because I'm gonna buy it anyway, so I prefer to get money in to and convert some part of it later in my local currency than to get salary in local currency and buy Bitcoin manually, myself.

If I were given such a choice, I would still choose payment in Bitcoin because from Bitcoin I can still hope to get more profits when the price of the Bitcoin I received starts to increase again in the market. Meanwhile, fiat will never increase in value and even tends to fall in conditions of inflation so it looks less worthy as an option if there are better ones like Bitcoin. Although most working people out there are still quite happy with paying salaries via fiat, they will eventually set aside a little to buy Bitcoin. So what would you choose if you had such a choice?

For me, a salary in Bitcoin rather than in any other coin would be preferable. But I proceed from the fact that there is a family where one person works and fully provides everything necessary for life; the second works for investments. If you do not pay attention to the market for some time while holding Bitcoin, you will subsequently make a profit, which can be used to open an additional business that generates passive income. This is how I see all the benefits of a Bitcoin salary. But if a person does not have a spouse, it will not always be convenient to fully provide his money in crypto.

The choice remains on bitcoin because compared to other coins bitcoin is much more reliable. Unfortunately there are no options that we can choose because in my country we still rely on fiat for all matters and bitcoin is only allowed as an investment asset. If this option were available, then I would choose 60% paid in bitcoin and another 40% in fiat currency. Because we still need fiat for the current life journey process in buying, this percentage is enough to meet my needs.

The rest can be stored in bitcoin assets until it reaches its highest price and that's when I will try to sell it to get maximum profit. We rarely get this opportunity because companies or workplaces still use the old system to pay employee salaries so it will be difficult to realize in the near future.

I'm already receiving a salary in crypto. In USDT, and it works fine. I was receiving it in LTC, but I switched because of volatility.

I will prefer to take my salary in fiat because fiat does not have so much volatility like that of bitcoin and Bitcoin is also a successful asset but due to its volatile nature people will choose to take their salary in the form of fiat. With fiat you can buy Bitcoin whenever you want to buy it but for it you have to save the amount little by little.

 If someone desires to take their salary in the form of Bitcoin then they will be profitable during bull season but during bear season they will be in loss and they will also be not able to save their Bitcoin because salary is for managing daily expenses so one will must sell their Bitcoin to sustain a better life no matter it's a bear or bull season so I think taking salary in fiat is a better option.

I would rather have a section of my salary automated into Bitcoin investment rather than receiving all my pay in BTC. Salary are meant to be spent during the month and you can't really deal with the fees Everytime you want to convert it to fiat considering the fact that you need to spend it in fiat form.

It's not logically right to pay salary in BTC, and any form of short term form of holding BTC wouldn't work  too well and would most likely end up creating unnecessary expenses for the holder.

I don't think it will be easy to accept in crypto, might consider Bitcoin but it should be equivalent to a specific amount. I would not want the volatile nature of the market to affect me since it is my salary that is meant to cover up my expenses. Fiat is also a good option to accept as payment but in a way it is less important, why not just continue receiving payment on the countries fiat at least it becomes less of a stress to sell and not about if the price will drop below before actually selling off.

I will not accept salary in crypto. Because I don't invest my entire amount, I invest a small amount of my salary in Bitcoin using the DCA method. Now if I take salary through Bitcoin then Bitcoin price may go down, if Bitcoin price goes down then I have to sell Bitcoin at a loss. Because I spend a large part of my salary on my household. For me, fiat as salary would be better.

Factors are:
First, we consider whether cryptocurrency is legal in our country or not.
2nd, if Bitcoin is accepted as a mode of payment in major establishments or not.
3rd, do we already have an idea about crypto?

If all the answers are NO, I don't think it makes sense to accept as our job salary but instead, accept fiat money. Unless, our intention is to use this for investment and we don't after receiving this every month, then taking this option is good provided that the #1 is yes and legal.

In general, we need to assess ourselves if this is applicable in our real life.

Personally, I keep these two things separate. I work to generate fiat, which I use for basic needs and savings, while on the internet, I receive cryptocurrency as income. However, if my place of work paid me in crypto and had to choose, I would choose Bitcoin, or Ethereum, or maybe Binance Coin, besides that I would also accept USDT because I feel that it is the same as fiat.

I will settle still with the fiat currency, market of crypto is volatile imagine you have a salary of per week salary of $100 and the market dumps immediately before you make a withdrawal and now you only have 70$ instead you have still other stuffs that you can buy on that loss the market burn it down, even in the institutions they are supporting the use of the fiat currency as a payment because its part of their law and easier to process related on the banks. If you will just have an extra with your salary do invest in crypto so you don't get worried about the market volatility because its just an extra money.

If I have only one job and there's no other means for me to earn money to take care of my responsibilities, then I'll have no better choice than to collect my salary in fiat. This is because Bitcoin adoption has not gained popularity that you can walk into any local shop, buy things and make payments with it, because 98% will not accept it, but they will accept the country's fiat currency, also you can use fiat to buy Bitcoin for investment. Another reason why it's not advisable for low income earners to collect their salaries in Bitcoin, is during price dip, the little salary that they're managing to make ends meet will start to diminishing

It depends; for example, if you work at an exchange company then most of them will accept USDT but it can also be BTC depending on what they want.

If I myself prefer in the form of fiat I am more free to spend anywhere including that back again buying BTC for bitcoin investment but this is a variation when you work in the WEB3 field the possibility of your salary in the form of crypto is agreed upon.

So when you have received a salary in fiat form, you will make the desired percentage but otherwise you can do it in crypto.

salary is salary it shouldn’t mix with crypto. When salary gets it means you get that money after he works hard for a whole month or fixed days as per the agreement. And with this money, everyone meets the expenses of his family.  So no risk should be taken by combining these funds with crypto. But if someone wants to pay me salary in Struble coins like USDT, USDC I will accept it.  Because here the money will be stable and there will be no risk. the amount of money you should keep in crypto is the amount you can afford to keep there for a long time.

First of all if you want to invest you have to decide what to invest first then you have to invest. If I say I will definitely prefer to invest in Bitcoin and I feel comfortable so I will choose Bitcoin. If we can invest with patience and long-term planning in Bitcoin investment, surely our fortunes can change with Bitcoin investment. In the case of Bitcoin investment, if we do not acquire enough knowledge about Bitcoin, then we will not get much success in this investment. Therefore, we must acquire enough knowledge about Bitcoin before investing. We always have to have a long-term plan in investing in Bitcoin. If we can invest with a long-term plan and check the market, we will definitely be one of the successful investors in the future. Many big investors also lose patience, so without losing patience, if we invest patiently with a long-term plan, we will definitely get a lot of success in this investment.

Bitcoin is a better option compare to other cryptocurrencies. Accepting bitcoin as currency you can decide to covert some amount for daily use and hodl the remaining. But if it is other cryptocurrencies I will rather accept fiat. The reason for me to accept fiat is because altcoins are not reliable and I decide not to spend all my salary i won't be able to take the risk to hodl altcoins I don't believe in it.  Accepting bitcoin as payment is not a bad idea expecially for those who knows the importance of hodling Bitcoin,  it will be a good benefit for them and to also remind to hodl some bitcoin. 

Hmm, pretty interesting Topic!
It has been discussed for while but anyway once again I will share my opinion with you guys! On this perceived topic.
 
I would say it would depend on the fact that how much money I will get in my hands by the end of the transaction like after deducting taxes, transaction fees, and any other charges that may be cut from my salary overall. If I'm getting more value by accepting fiat, I don't have a problem with that because I can always buy any cryptocurrency with that if I want to, similarly, if I'm getting more money while getting paid in a cryptocurrency, I would go for that and then convert some of it to fiat if I need to.
 
When choosing a cryptocurrency, one will also need to make sure that they are choosing one that doesn't charge a lot in transaction fees in case the company you are working with would minus that from your salary, and it is also important to note that the cryptocurrency you are choosing isn't extremely volatile at the moment of your payment because in case it drops significantly in value, you will lose money which isn't what you would want.

When you get paid your salary, do you not know that you pay taxes? When you get paid in cryptocurrency, you haven’t paid taxes yet but somehow the taxes come back to you and it shouldn’t be surprising. So it doesn’t matter how you choose to get paid, tax will always wait for you.

I guess that is where it gets tricky because salaries come in regular intervals and you are not the one who decide when it will be given to you. It is all based on a contract which you cannot really change unless you ask for an advance but I don’t think you can ask that your employer hold on to your salary for awhile until the coin get in on a good position. It’s difficult almost impossible to accurately estimate or predict the price movement of a coin.

It's incorrect.

If you get paid in cryptocurrency, it's taxable event, it will count to personal income tax.

When you sell or convert your cryptocurrency to fiat, it's also taxable event, but it will count as capital gains (only if you're in profit).

Even though cryptocurrency get taxed two times, but you're still in profit compared to hold fiat that the price will keep depreciated over time.

Yes i agree with you. I don't think it's logical to accept crypto as your salary. Because the price of crypto is constantly rising. so when you get paid in crypto you may lose some money and sometimes gain if you convert it to FIAT money.  Profit or loss should not be associated with salary. It is acceptable if it is a stable coin but it is also troublesome. so it is better to receive the salary directly in cash. And whoever can invest in any crypto coin including Bitcoin according to his ability and his own desire, it will be his personal desire and he has to take responsibility for any loss.

May I know what is the trouble sometimes peoples get when they do accept stable coins as their salary?
I couldn't agree with your opinion and also don't know how it's illogical to accept the cryptocurrency as salary. I have accepting all my payments in cryptocurrency and I didn't face any loss or trouble but the problem can be only that time if it's about the regional laws like you know already our country banned cryptocurrency and we have to do p2p trading convert to fiat currency for using those payment and I don't think it is that kind of trouble we can't accept cryptocurrency for salary. Anyway some times it become more profitable for as if we accept cryptocurrency as our salary like I have hold some of my salaries stable coin and I got a benefit for our fiat currecurrencies inflation.

Here is the thing, getting paid in either fiat or crypto makes no difference as both hold value and in addition to this we several platforms out there that facilitate this exchange with ease, unless it's a hassle then stick to fiat...

Btw, for my preference I would opt for crypto payments as am using more crypto services today than ever before  and crypto does give some gains which I  won't miss out on and can pay less fees than using a bank card or similar.

I didn’t know about being taxed twice and I am forced to believe that it depends on the country. For what I know, it gets taxed once, I don’t know at what point but I know it’s supposed to be once. And for countries where it’s once, I think what I said is valid. Or not?

It would obviously not be wise to accept your salary in a volatile cryptocurrency if you know that you are going to need all the funds for your expenses because someone would only prefer cryptocurrencies, that too volatile ones such as Bitcoin, if they wish to make investments in them and keep holding them, otherwise, it is better to simply get your salary in fiat and use that for your expenses if you nothing will remain from it.

If a person believes that they don't need extra money at the moment because they already have some that they can use for their monthly or daily expenses, they can go ahead and take their salary in a cryptocurrency of their choice and keep holding it so that they might get some profit from it if the market goes up.

well, for crypto users, salary payments using Fiat, or crypto will probably be the same. I also think like that, in fact, I feel that payments using crypto will be more profitable, because we can more easily manage the investments we are making. However, this answer may be different when the question is asked by a layperson who is not very familiar with crypto. They will probably choose Fiat over crypto because they don't know how to utilize it.

i believe this kind of thread have been here for long , because this has been asked couple of times if Im not mistaken , and the answer comes the same about choosing Bitcoin as payment .

that is why i choose bitcoin as payment because that is what I believe to bring me better result in the future.

My stable job serves as my hedge against the bills and necessities that I need to survive, we also need to understand that there's also a life outside of bitcoin and that life outside is going to help you survive, it's counterproductive to have bitcoin or any crypto as your salary because of how volatile the market is, we need to remember that the volatility of cryptocurrency will never go away no matter what happens, maybe if everyone's already using it, we might see a price stability but right now, it's not worth risking your payday just because it looks cool, just imagine when you've accepted this offer, your $1000 salary could just become a $800 overnight and you can't do anything about it besides hodling and who knows how long that might take you because sometimes the pump in the prices isn't as fast as the price dumps.

When you report your tax, have you ask or consult to the tax officer if some of your earnings are get paid in cryptocurrency? if you ever ask or consult with the tax officer and he said it's only get taxed once, then I'm wrong.

It's why in money management we need to have "emergency funds" instead of going all in to investment or any other volatile assets. If you have emergency funds, you won't need to worry to sell your assets in loss.

I preferred fiat since I have expenses that needs to be paid via fiat such as monthly electricity, water and insurance bills. Choosing crypto as salary will be too hassle since I need to convert it back to fiat and pay for fees just to withdraw it.

At least on fiat salary, I have the freedom on when can I purchase my crypto holdings without the need to pay for fees on conversion since monthly bills is necessities not an option payment.

Unless crypto can be use directly pay bills.

In which ever asset that my salary is paid, I will accept so far as I can do with the money what ever I please. If am paid in fiat and I wish to invest in Bitcoin I will buy any percentage I please using my salary that was paid in fiat. If am paid in Bitcoin I can do with it what ever I please.

So whatever it is, it's always that we're able to use any of it. Getting paid in fiat, we will still invest in Bitcoin and if we get paid in Bitcoin, we're going to sell it for fiat. So, whichever you agree with, there's always the use that we're going to do with it. In short, we are can do whatever we please to use it. Either for investing or buying our goods, so it simply means that we get paid for our hard work.

I think this is possible with some features from exchanges, I can't remember which one has it or some local exchanges does.

Well I have been through that for roughly 3 years while I was stuck in Taiwan and couldn't reenter Japan because they logged out foreigners for quite a while.
Long story short, my card also ended so it was hard for me to receive any funds. For this reason I got paid in btc and had to convert it into cash locally. Lucky for me I occasionally found some people to trade with.
In the beginning I was able to use a very expensive ATM which then shut down. Could also use a Mastercard which I was able to charge via crypto and then withdraw at atm.

Anyway, for that reason it's a big Yay for me. It basically saved my ass to be honest to be able to get paid in btc.

^
Great answer. You actually were in a situation where government decisions and monetary policies made your life harder, but bitcoin came to the rescue. There's millions of people like you all around the world, but not all of them know about bitcoin and are not afraid to use it.
In my case it would also be a yay. I had some difficult times in my life where I barely earned money and again owning bitcoin that grew in value helped me and gave me that small financial boost that kept me going. I was lucky to convert some of my fiat into bitcoin in 2014 and when it got tough for me in 2016 and 17 I used bitcoin and that shaped me into the hodler that I am now. We could say that over the years bitcoin has earned my trust.

Of course I would be very happy to receive a salary in crypto, I would choose to be paid in Bitcoin if the company I work for gives me the option. I literally need it to meet all my daily needs, but when I choose to get paid using Bitcoin, of course I have another source of income to spend. There are many advantages if this option is actually implemented in the company where I work, I no longer need to buy Bitcoin to invest because the company has converted the fiat that I should receive every month into Bitcoin.

Well, it’s a case to case basis. If it pertains to my main job, I would always chose fiat to be my form of salary and just buy bitcoin whenever I have spare money ready to invest. However, if it pertains to one of my side jobs, I think receiving bitcoin as a salary would be a great opportunity for me to store maximum amount of bitcoin and hold them for indefinite years, regardless of how volatile its value is.

I think I would exercise the option of having 50% of my salary as crypto and the other 50% as fiat.

The good thing on having part of your salary as BTC/crypto is that it gives you the convenience of already having it as a part of your salary. Not to mention, if you are a person who is investment-oriented to the point that you want to maximize your investment portfolio, having this kind of salary set-up may be beneficial to you.

I would not exercise the option of having it 100% fully as cryptocurrency since there are still obligations that must be paid daily/monthly. Having to convert it to fiat may be inconvenient especially that fiat is still the main currency being used around the world.


At the end of the day, it really depends on the purpose.

Though that may be the case, I personally see it as an inconvenience if you receive your salary 100% as cryptocurrencies given that majority of the transactions that are being used are still made in fiat.

There are two scenarios here.

Scenario 1: If BTC would be globally accepted, which means even the small stores nearby your house would start accepting BTC payments then I would opt to receive my 100% salary in BTC.

Scenario 2: If BTC is not yet globally accepted, that is the current scenario, in that case I would accept 50% of my salary in BTC and the rest 50% in fiat.

It still easier to buy crypto with your fiat salary than getting it directly in crypto

True, but it depends on what crypto you receiving your salary in. Stablecoins for salary actually a good option, especially if you work for a company from another country.

It depends on the situation: if I can split the salary, then I would probably get something like 30-35% in bitcoin and 65-70% fiat, that because to pay the day-to-day expenses fiat is easier to use. And the other part in bitcoin would be like a DCA that I can do without even thinking about, and since they would go in a BTC wallet I like the idea that I wouldn't even see that money, so no temptation to buy useless stuff just because I have some extra money.

Fiat, im not saying that i dont support crypto pay but we do know that on the moment that you would recieve your salary then you might be ending up on less. Why? its volatile as we do all know
and there's no way that you could really be able to avoid such stuff + you would be minding about fees when it regards on converting it to fiat on which simply means that there are tons of deductions
and this is something that we dont really like. Right? This is why even if you do love crypto but still you would really be that highly be dependent with fiat when it comes to salary.
You could always have the choice on making up some purchase or buying up Crypto with those salary that you have been able to accept with your job. It would really just that a matter of acceptance
of someone whether they would really be that tending to accept directly with crypto or with fiat as with those common days.

It is not possible to accept Bitcoin as a payment of salary because no one is in desire to put their single salary into unstable worth that cannot cover their expenses. Bitcoin is acceptable by the people only for the purpose of investment but neither they want to use it for payment nor they want to take it as a salary.

Fiat is better to take as a salary because its value remains stable and we are getting the exact amount of cash in the form of fiat at the end of a month. People choose Bitcoin for the purpose of investment because of its volatile feature but due to this volatility they will never wish to get their salary in the form of Bitcoin.

Actually receiving in bitcoin for payment salary more interested than fiat but depend with bitcoin price, when bitcoin on higher price seems more profitable receiving with fiat because potential of bitcoin get correction after salary receiving. But get more increasing the values of salary when bitcoin get correction but I doubt any company want to change of payment salary every time.

I don't think any company want to make this scenario for salary payment, its difficult to pay half in fiat and left half in bitcoin because they want to make all the same payment way for salary as fiat or receiving in bitcoin. However bitcoin still not acceptable as legal payment currently and difficult to receive salary trough bitcoin for offline working.

It depends on whether or not the company wants to use this asset to pay all its employees, what if a fairly expensive transaction occurs when transferring bitcoin, is the company willing to bear it? There are some who agree with this regarding payments with bitcoin, but we cannot stop it for our needs. If someone overdoes shopping This depends on how someone organizes and manages their finances. Paying salaries in any way we certainly cannot avoid things that involve daily living needs.

Like I said, it should be specific on the countries. Some countries are still trying to understand how cryptocurrency works and then approve it, and hence they’ve not gone that far to implement taxation for gains. I know a few countries do it because once read a thread but tax on gains based on my knowledge is not widely done for one to worry about it.

As far as the salary of the lower middle class is considered I don't think it's the right strategy to give salaries in crypto. There will be many financial and technical problems that these people will face if they are taking salaries in crypto.

First of all most of the workers spend their salary divided on the monthly basis. As we all know that crypto is a very volatile market and it can have severe effects on their salaries. I think it's better to keep them away from these stresses.

It is still a debate whether it is a good option or not but for me, until it is not yet accepted in my local, I won't take it. I see this is also a concern by most where the legality and acceptance of Bitcoin are in question. Maybe we consider this option in the next few years but at this time, that is somewhat not the best deal to do. Unless our purpose is to just invest for the long term.

In fact, I don't hear it has been discussed by my employee and I think it was not in his mind as well considering the that adaption is not that wide enough.

What? You're on a Bitcoin forum.

Why would you care about whether some government made it legal or not?

Unless it was your government, of the country that you live in, the is saying something like that, there is nothing to be concerned about regarding accepting Bitcoin salaries.

The argument only comes from a small number of bitcoin investors, and ordinary people never make this choice because bitcoin is clearly not yet a legal or widely used currency.

Personally, I would also choose fiat instead of bitcoin for the reasons everyone mentioned above: price fluctuations, transaction fees, not yet popular... there are too many disadvantages if we receive salary in bitcoin. It is unknown whether bitcoin will become a currency and be widely accepted in the future, but at the present time, receiving salary in bitcoin is still not a suitable option.

Been doing this for about 4 years now, the first few years wasn't good but it is overall that. I think what we need to realize is that crypto is a currency just like any other currency, what you do with it after you get paid is all up to you. Meaning that you could end up trusting it with crypto and keep it there for a while, or you could just focus on doing something else with it and turn it into fiat right away.

Even the simplest campaign income is something you could do, it wouldn't be really all that complicated, we are talking about something that will not be all that complicated and we could do something that may not be all that difficult for people to understand. So all in all, we are talking about crypto as a good payment in the end.

I believe many people have missed the point on why they want to be paid Bitcoin or an altcoin/shitcoin. Although they're right to choose part of it to be in Bitcoin, or if you ask them, altcoins/shitcoins - because "store of value". But that shouldn't be the main feature to make us decide why we should get our salaries in cryptocurrencies. It should be efficiency. If your employer can't give your salary in cash, or send it straight to your bank account, that's actually when you should want to get paid in Bitcoin.

As a crypto writer and a project manager for some cryptocurrency projects both big and small, getting paid in crypto is just an after-thought to me.

I don't mind getting paid in fiat, I don't mind being paid in stablecoins, I wouldn't mind being paid in crypto since I'm used to it as well, and I know workarounds that I can do if I need cash at the moment, if that's what you're highly concerned about.

The biggest benefit that getting paid in crypto could do to you is the fact that it automatically claims your stake in terms of investment, meaning as long as you don't pull everything out of your wallet, you're set to go already and you don't need to waste money on fees anymore. Of course it doubles the process on the other side of the spectrum, which is when you need fiat money for daily expenses, but I'll take that any day than dreading to invest in crypto cause I don't have that much left on my pay.

I believe the reservations that a couple of us have over this concept lies on the fact that they haven't tried it yet, but for the most part, it's just like getting paid via venmo or better yet, through your checking account, So the process isn't really hard per se unless you're computer illiterate.

So long as it stills offers money values,its also another form of money,I don't have issues with that.The idea of paying wages and salary in cryptocurrency instead of the normal regular money is even better due yo tge transparent transaction records that are stored on the blockchain.
With the situation that's radically operating,bitcoin has still not been widely adopted or accepted,otherwise they're some values attached to been paid with bitcoin.Knowing,accepting and adopting bitcoin can also be an opportunity to earning smart bit coin option.

I would also love this idea. Not only you will have fiat, but you will also gain sustainable amount of bitcoin in the long run. That way, no need to timing in buying whenever bitcoin price is bearish because regardless of the price, you will be paid and receive bitcoin every month. And the good thing about this is, you don’t have to reserve funds from your fiat anymore just to buy bitcoin, because you already have both, bitcoin and fiat, it’s up to you by then how you will manage bitcoin and fiat that they will surely grow in the long run.

I prefer fiat because I already have my Folio filled with investments , that's why I believe better
to accept Fiat because we can decide what part to be for daily expenses and how much to be added
in my investments.
but if you will choose bitcoin and your employer can provide that for you then why not right?
i think the only one that needs to be answered is the second one because the other 2 are already given .

If you are receiving BTC as payment in your working place, you can convert the BTC into fiat money in the exchange market to be able to use it to buy whatever you want to buy for your family to live well, and if you have nothing to buy at the moment , When you receive the BTC as salary payment, it will increase higher above the amount you receive from the company when bull run occur which is one of the advantage that will make you to accept BTC.

BTC and ETH are good coins many companies like to use to pay their workers, and if you prefer BTC, it will make you rich when you spend a long years in that particular company because you will not like to use the BTC than to hodl them like 4 years before you can sell to take profits.

USDT is a centralized currency which some countries are use to in many companies, but it will not going to add to your profit like the way decentralized currency will add to your profits.

Money is money. Bitcoin is money. Bitcoin is a currency. It has always been the purpose of bitcoin isn’t it? To be used as an actual currency and to be used for transactions without any third party breathing down your neck. What I would be concerned about though is the taxes they could charge you from receiving bitcoin as your salary and you decide to swap some of it for fiat or other currencies.

From what I know the taxes on bitcoin you’ve receives will increase if the value also increased over the course of time.

Bitcoin would be my choice if I had to receive a salary with cryptocurrency, but if there was still fiat in the options then fiat would be the main choice, and I would buy BTC when receiving a salary because we can of course choose the price we want, meaning we can wait for the price to fall if we feel like it at that time the price of BTC was still too high.
The unpleasant thing about receiving a salary from crypto is that its volatility may be greatly affected so that when we exchange to fiat we receive less because after all we will make more transactions using fiat than crypto, so for now crypto is not a good choice for main salary unless accepting it as a second source of income because most people would prefer to keep it for a certain period.

The only problem is complete transparency on the blockchain.

I'd prefer my employer not know my bitcoin wallet, previous and future bitcoin transactions. The same way I don't show them my bank statements month to month.

And yes, I'll not be willing to use mixers just to get locked out of the tradfi world and make myself another struggle cashing out btc for fiat.

Yes that it is if the question will only flow for us yes for sure that we would provably like to receive bitcoin as our salary. But if we think about other people who's not familiar with this then maybe there would be a problem arise with that. Also for sure lots of people will struggle especially if they don't know how to use their bitcoin also if they got crazy of its volatility since it will take some of there hard earned money if bitcoin price fall down.

That's why for now its no for me since bitcoin need to introduce properly and there's no need to rush all of things regarding on its adoption since maybe we can see this a failure especially if there are law makers will be concern regarding on the unstable feature of it also how they could able get some tax from people accepts it.

Why is that such a big issue? I mean, they might know your receiving address, but not keyes, no way they'd be able to get access to your wallet. And they wouldn't know where exactly would you send it.

I make a living online and get paid in cryptocurrency which is something that works well for me. I had the chance to use fiat currencies only when I was younger. Since the early start of Bitcoin, I have been learning and earning as a freelancer. I can see the differences between fiat and cryptocurrency, and I am happy being paid in Bitcoin and sometimes stablecoins like USDT, which I easily exchange for Bitcoin.

The advantage for me is that I don’t have to pay taxes on my earnings. Regarding market volatility, Im always optimistic. For example, I use 70% of my salary and hold onto 30% of it. Therefore the fluctuations in Bitcoin prices doesnt bother me.

I usually use my salary for daily needs. I buy basic necessities, pay monthly bills, or as an emergency fund. So I personally prefer FIAT money because currently FIAT currency is the one that can be used most by everyone. If I try to choose BTC or ETH as my salary then there is a possibility that I will still have to make withdrawals for my daily needs. This is difficult for me because I believe Bitcoin and altcoins will provide a massive revolution and now is the right time to HOLD as much bitcoin as you can.

But if the salary offered is a big salary then of course I will choose BTC payment because I like Bitcoin and it is the safest digital asset I know. - CMIIW

That would definitely be a good improvement if the government were to approve crypto currency as payment for workers pr at least give them that option, but the question I'll ask is which crypto if its some meme coin hell no ill rathe take my chances with fait than having some wanna be volatile junk shit as payment for my work, but if its bitcoin although also volatile at least can last at a price till I trade what I want and keep the rest.

I would be very grateful to the business owner if he gave me a salary via bitcoin because I already know that the benefits of receiving a salary with bitcoin are much greater than receiving a salary via fiat, the fluctuating price of bitcoin means that I have the opportunity to make a profit when the salary comes in and usually the salary provider will using the dollar rate to pay employees via bitcoin

am I imagining it or not but in the future there will definitely be many companies that pay their employees via bitcoin