Is it worth getting paid in Bitcoin for freelance work?

[alani123]

Of course it is. I've been doing that for quite some time for content creation work and it's been working really well. And if at some point you don't believe in the potential for bitcoin's price to rise further simply ask to get paid in an exchange's address and sell your funds for FIAT money when you get them. It's quite easy to handle bitcoin payments as a freelancer and the plus side is that you receive them instantly. It really is one of the most convenient ways to get paid as a freelancer.

[BCTBF]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

Yes, certainly worth it. In the service section many people like you who offer services and are willing to pay using bitcoin, yes because this is a bitcoin forum. If you are already here, you should already know here people are talking about cryptocurrency, if you are not willing to pay using bitcoin, then your place is not here. It's just a simple example, I do not mean for nothing. Hopefully you can participate here and offer services well. Good luck!

[patispace]

Because of your concern, it seems to me that this whole issue of cryptocurrencies has been quite far of your interests throughout this time, so if at this moment you have more need to have cash, you should not feel obligated to accept bitcoin, although in my personal case I would try to negotiate 50% in fiat money and 50% in Bitcoin.

[peopleupsetmeup]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

It depends, if you use the BITCOINS for holdings, is good but if you need the money for a living it may be some hard work to convert BTC into FIAT without fees.

[audrey12]

Yes it's really worth having bitcoin as a payment for freelance work and as far as I know Japan already adopt the digital currency system because they believe that this is more convenient and will help their economy to grow further. Bitcoin is a good investment so far also with its value today people will not experience loss if ever they receive it as a payment

[ObroQ]

It's good to be payed in bitcoin as long as you are aware of the other factors that might influence bitcoin (price growth or not, the amount of work you do, the amount of bitcoin received for that work). If you think of it as a medium/long time investment i think it worths.

[gurunanakji777]

Getting paid in bitcoin is good but it depends how much bitcoin you receive per transaction if you receive small small amount then it couldn't be worth off because of transaction charges & If you receive regularly big amount in btc then it would be fine. Rest all depends on your country tax charges.

[sorrysteve1]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

I think in terms of taxes it would work out you're paying more tax, but that is only because I believe the price of bitcoin will trend upwards. You'll probably pay some sort of income tax on earnings and then a capital gains tax equivalent on the increased bitcoin price.

[elloco4ever]

Yes it's really worth having bitcoin as a payment for freelance work and as far as I know Japan already adopt the digital currency system because they believe that this is more convenient and will help their economy to grow further. Bitcoin is a good investment so far also with its value today people will not experience loss if ever they receive it as a payment

Probably bitcoin can be one of the best medium to get paid (I hope the transaction time will to be improved in future which will make it more convenient) as if you get paid in bitcoin you get some sort of perks if the bitcoin's value pumps and also i believe other developed nations will follow Japan's footstep in adapting bitcoin or blockchain technology and go for crypto instead of fiat.

[Tszunami98]

Yes it is, i do freelance work only for BTC now and i can say that is tottaly worth it. It also depends if you are planning on spending some of those btc you earn, because today with these huge taxel i am not sure it would be a good idea to move around coins.

[gabbie2010]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

Yes, there are a lot of web programmers in xbtfreelancer being paid with bitcoin and this had been successful done based on the agreed amount of btc to be paid between the buyer and the seller of the services (web programmer).

[cryptokitty]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

For me, Yes, it is is better to work and paid with bitcoin because you can use your earning in trading bitcoin and altcoins. But, i doesn't have any idea about the year end tax return

[Faroxx]

It's an interesting idea, and I think that you will not have problems with the law. You're paying for a profit.

[Yakamoto]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

I mean what would you be losing out on, really? It might be worth it if the value continues on a bull run.

As for UK tax laws, I would assume that, and don't quote me since I am not a UK tax law expert, you would note down the value of the bitcoin when you receive it, and then whatever price you sell it for, either with capital gains or capital loss due to normal volatility, would be the portion that is taxed. One part being the "normal" salary, the work you were paid for, and then capital gain/loss being whatever changes from that point for your Bitcoin. Now, as I said, I don't know. I don't think that the UK has tax laws defined for something as specific as that.

But it probably wouldn't hurt much to accept part of your salary in Bitcoin.

[Nevis]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

I think it depends on the task you are going to take. Because you are the one taking the job, you should have an idea on how much earning is fair for you. Right now, bitcoin is rising at high pace. It might even reach triple the price it has last year. With that, you can know where your earning woould take.

I have no idea for what will end up on your end of the year income tax but if right now, for me it is really worth it.

[astrid.uchiha24]

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

If there is a provisions regarding cryptocurrencies in your country you should seek an assistance for local tax professionals, in normal practice you can declare your profit regardless of its source but getting paid with bitcoin will have an issue regarding its price since it is volatile so you should do my first advice.

[zulkarnaen]

I think it depends on the agreement about the method of payment that will be in use and bitcoin payment is good enough for freelance work even it is more profitable if we are in a country that doesn't have bitcoin tire, because we know so far bitcoin Function not yet fully in feel and in use by everyone in different countries.

[Mike Mayor]

I don't see the problem here? Work for bitcoin! You going to buy it anyway. You don't have to cash it out into fiat, you could just cashout a small amount and pay tax on that and buy everything else with bitcoin if you can. Keep your Bitcoin don't sell it for fiat.

I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.

I mean what would you be losing out on, really? It might be worth it if the value continues on a bull run.

As for UK tax laws, I would assume that, and don't quote me since I am not a UK tax law expert, you would note down the value of the bitcoin when you receive it, and then whatever price you sell it for, either with capital gains or capital loss due to normal volatility, would be the portion that is taxed. One part being the "normal" salary, the work you were paid for, and then capital gain/loss being whatever changes from that point for your Bitcoin. Now, as I said, I don't know. I don't think that the UK has tax laws defined for something as specific as that.

But it probably wouldn't hurt much to accept part of your salary in Bitcoin.

Then you will have to prove when you received your Bitcoin and what price it was. You will have to give your wallet info and transactions. What will they do with that? Nothing because they don't know about how bitcoin works. So I'm not sure how you would make a tax deduction on that. Then when you need to prove your losses in altcoins ect how at you going to do that? Why don't you just keep the Bitcoin and use it as it is intended why would you want to swap it for ancient banking technology?

[almightylarvas]

If you need the money for living then I say NO, otherwise is a good way to earn btc

[MakeMoneyBtc]

Well, right now governments doesn't apy any taxes for selling or buying Bitcoins because they first have to get knowledge about it and not soanyso people make profit from Bitcoin to pay taxes. Right now it is not such a big problem for them.

But if you want to be sure that you are not receiving home any amend for the money you have in your bank account it is better to go and pay taxes and you say that you made the money from freelancing. They are going to understand