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Author Topic: How to receive your salary in Bitcoin?  (Read 539 times)
Ucy
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May 04, 2019, 09:22:11 PM
 #21

Avoiding your local bank for tax reasons and choosing to move to crypto  is not a wise decision in my opinion. ... If price of cryptocurrency drops sharply you'd discover that your fund has been eaten up by something worse than the tax.
Id rather suggest that you split your salaries into two, have one part(70% up) in stablecoin and the other part (30% & below) in Bitcoin. 
Stablecoin as the name suggests, is a stable currency for hedging against volatility in crypto market
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May 04, 2019, 10:29:11 PM
 #22

Firstly make wallet local or exchnage that allowed to convert bitcoin into fiat money and get the deposit wallet address to get recieve your salary. No need to explain a lot more or you can visit at google for more information all about how to recieve bitcoin via online wallet.
Most important is makes sure the company are know want you to recieve salary and you are youtuber it easy to understand how to follow all needed using google for you learning.
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May 04, 2019, 10:34:19 PM
 #23

<snip....>

I am not quite sure if YouTube supports cryptocurrency (bitcoin to be specific) as they do not offer any payments related to bitcoin. For best results, you may ask them through an e-mail if it is possible to convert your hard-earned income to bitcoin for your convenience. If not, you can participate in this forum and provide services to receive bitcoin as a compensation pay.

I always want people to pay my salary in Bitcoin and I think this is good to invest for a long -term while earning money for daily needs. Just make sure not to only hold Bitcoin or cash because you might lose your chance to get some profit from Bitcoin invesment.

Having your income fully converted to bitcoin may be relatively risky since the value is highly volatile- which can either make or break your monthly pay. If you want to focus on long-term investments, better diversify your portfolio or ask your employer to at least change 50% of your income to bitcoin. But again, everything is dependent on your employer if he accepts such.
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May 04, 2019, 11:32:47 PM
 #24

I rather pay taxes than have others have control over my money. Since I am also paying fees for their service, I rather use that fees to pay my taxes. I will not fear cases of tax evasion if the government finds out what I am doing.

The other thing is, I will have control over the value of bitcoin when I convert from fiat to bitcoin. I can wait until the price is lower before I convert my fiat to bitcoin.
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May 05, 2019, 05:32:33 PM
 #25

Thank you everybody for your inputs. The reason I didn't disclose where I'm from is that, since I'm a public person, I don't wish to have any details about my identity to slip off.

Even though I appreciate all replies, I believe most people replying didn't get the purpose of what I'm doing, which is to have my income to not touch my bank account, so it stays invisible to the government. Buying from exchanges requires that it goes through my bank account. Buying P2P requires that also.

As suggested previously, I'm checking Bitwage. They've been doing this since 2014 and seem to be quite trustworthy and organized. I will post it here once I have a solid update about my experience with their service, so whoever is interested can have more info.
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May 05, 2019, 07:55:56 PM
 #26

This is not in our hands we need to be get the income only so the industries which will be developing in this situation where thinking about the improvement of their projects with the help of Bitcoin  only help to make the payments and then come to be paid in in Bitcoin and cryptocurrency

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May 05, 2019, 08:16:15 PM
 #27


Why don't I simply receive my income in fiat currency and then buy Bitcoin with it? Because I want my income to stay as much away from banks as possible. My goal is to avoid taxation, which in my country is absurdly abusive.
I am wondering why don't the employees get paid directly in Bitcoin because that's the fastest way to get paid. Enrouting the salary through Fiat and then getting it into Bitcoin definitely will reduce the worker's earning power and get some unnecessary middlemen paid through commissions. It should be the way it's done here with signature campaigns and participants get the payment straight up with Bitcoin.

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May 06, 2019, 12:41:25 AM
 #28

On the one hand, getting a salary in Bitcoins is good, since you don’t have to pay taxes to the state, but on the other hand, how to deal with volatility?

 
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May 06, 2019, 01:48:57 AM
 #29

I don't find this to be the best way to get paid in bitcoin. You're trusting a third party to receive your salary is not fair, and for the same you could receive the salary and further change it to bitcoin. We've got number of legit exchange services with very minimal charge, even when you rely on the third party service render to receive salary from your employer and return you in bitcoin he'll collect a service charge.

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May 06, 2019, 02:18:21 AM
 #30

Because I want my income to stay as much away from banks as possible. My goal is to avoid taxation, which in my country is absurdly abusive.
I feel your pain, but yikes!  Be careful with what you're doing, because government tax agencies are not stupid and they have ways of sniffing out tax evaders.

I have a question: do you make a lot of money just from Youtube videos?  I'm not asking for a specific figure, but is it enough to live on?  The idea of earning a living from making videos has long fascinated me, though I have no video-making talent and wouldn't have much to talk about which would draw a lot of views anyway. 

And though I don't have any suggestions for you about getting paid in bitcoin, I would be careful about the volatility risk.  That's the reason why I'd never want to get my paycheck in bitcoin unless I could instantly convert it to fiat--and if I could do that, there would be no point in a bitcoin paycheck anyway.  On the other hand, it might not be that big a problem for you if you factor in the tax "savings".  So good luck in your quest, and screw the tax man.

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May 06, 2019, 05:14:41 AM
 #31

Hi all. Bitcoin newbie here posting for the first time.

I am a Youtuber earning a living from the money I make with my videos. That money is paid to me by Google through international bank transfers. There's no other payment method.

I'm looking for some way to receive that money in Bitcoin. Some kind of service that receives your salary for you from your employer, converts it to Bitcoin and pays it to you. That would be really useful to people who work for companies that refuse to pay in crypto.

Recently I found an Australian company called Get Paid In Bitcoin (https://getpaidinbitcoin.com.au/) that does just that. You give your employer their bank details, they receive your payment, convert it to Bitcoin and transfer it to your wallet, after a fee. However, unfortunately, they only work in Australia. Which doesn't make sense to me, since Bitcoin doesn't differ national to international transfers. Maybe someone knows of a similar service that works internationally?

Why don't I simply receive my income in fiat currency and then buy Bitcoin with it? Because I want my income to stay as much away from banks as possible. My goal is to avoid taxation, which in my country is absurdly abusive.

Any input would be greatly appreciated. Thanks.
I don't it is a good thing to collect your money in bitcoin,  just find a way to keep collecting it your usual way, I heard that YouTube pays people with PayPal, so I think that is even easier because they are many websites that could take PayPal and give you bitcoin or even you local currency, but my advice would be for you to keep using the traditional means of collecting your YouTube funds because the fees might be high.
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May 06, 2019, 05:22:07 AM
 #32

If those companies would accept it why not but the main reason is that they don't because there is no available way and it is a hassle to them since they don't understand it first. OP might like to make his salary just like to the signature campaigns where all of our salaries were given through the address that we provided. And for the taxation, i don't think companies would want to exempt OP from paying taxation since that is how the companies explain it to the government on how they give their money to their employees.
Basically not a single employee can avoid taxation since the company has report how many people they have paid, how much, and how they have done it. And you are right, government would know everything from company and be able to tax anyone.

But, like a cross-nation freelancer, let's say I am a freelancer. How government would know my salary and ask for taxation?

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May 06, 2019, 05:25:05 AM
 #33

Hi all. Bitcoin newbie here posting for the first time.

I am a Youtuber earning a living from the money I make with my videos. That money is paid to me by Google through international bank transfers. There's no other payment method.

I'm looking for some way to receive that money in Bitcoin. Some kind of service that receives your salary for you from your employer, converts it to Bitcoin and pays it to you. That would be really useful to people who work for companies that refuse to pay in crypto.

Recently I found an Australian company called Get Paid In Bitcoin (https://getpaidinbitcoin.com.au/) that does just that. You give your employer their bank details, they receive your payment, convert it to Bitcoin and transfer it to your wallet, after a fee. However, unfortunately, they only work in Australia. Which doesn't make sense to me, since Bitcoin doesn't differ national to international transfers. Maybe someone knows of a similar service that works internationally?

Why don't I simply receive my income in fiat currency and then buy Bitcoin with it? Because I want my income to stay as much away from banks as possible. My goal is to avoid taxation, which in my country is absurdly abusive.

Any input would be greatly appreciated. Thanks.
Any platform similar to the platform you introduced maybe scam or just another ponzi scheme who are sitting over there just to rip you off. If you are a newbie then always do remember to be more cautious and only trust on the platform having live example or several happy users. It would get challenging for you to find whether the platform is real or scam as you are new and lack in some knowledge but you should always check on the reviews for such sites.

Also there are some platforms which offer bitcoins for youtube promotion which may work simultaneously like adsense. The cryptocurrency field is developing strongly and if you stay close to the markets, you will surely see something good coming up where you can earn good amount of profits in cryptos.
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May 06, 2019, 05:42:01 AM
 #34

https://www.bitwage.com/for-individuals/  is the obvious choice but I don't know exactly how they work. Anyone who offers it is going to be by the book as much as possible so I'd let go of the idea of being safely ensconced from The Man.

Have you checked whether Google will send to third party accounts? They may have a rule against that.
I think, google will only send payments onto the bank account once verifying the name on the account with the name on the youtube account. There always is much risk involved in such bank transfers including scams and frauds so platforms like google might only send payments onto verified accounts. OP should never risk his channel by posting any unknown bank details just in order to get those funds converted into cryptocurrencies.

Instead there always are much options to buy back bitcoins with bank transfers and platforms like localbitcoins.com offer various buy/sell orders supported by various payment means including bank transfers, cash, RTGS, etc.
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May 06, 2019, 09:31:38 PM
 #35

I wouldn't trust some company like that with my money. It's easier for me to get paid in Fiat, and then convert it into any currency. There is still a possibility that such a company will be dishonest.
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May 06, 2019, 10:07:31 PM
 #36

I will suggest you stick to your Google payment methods and then buy crypto afterward when you receive your money Third-party like that will actually or mostly end up scamming you i will suggest you be very careful with your personal info There is no use for what you are trying to do as long as you are receiving your funds on time

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May 07, 2019, 05:40:30 AM
 #37

   Actually, Bitcoin is a cryptocurrency, http://injuryattorneyca.com/ a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. I have no idea on How to receive your salary in Bitcoin?
All you need to do is to find out or generate a Bitcoin address/link that will help your sender to send you the Bitcoins. You need to navigate the account options after logging into your wallet, by clicking receive button will take you to the information there you need to get it from the sender.

There is no doubt Bitcoin has no intermediaries but the medium you want to send & receive money with is your wallet especially the address regardless of whether it is a salary or loan.
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August 03, 2019, 08:54:35 AM
 #38

Is this 3rd party service reputable? Huh Huh
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August 03, 2019, 10:16:16 AM
 #39

Is this 3rd party service reputable? Huh Huh
Based on OP's story, that service only available on Australia, do you live on there?

If you want to convert your salary to btc, why don't just exchange your FIAT to btc once you get your salary through exchange site?
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August 03, 2019, 03:35:47 PM
 #40

Right now, when the cryptocurrency market is in poor condition, getting cryptocurrency as a salary seems to me not very profitable.  I think that all Bounty Hunters will understand me, where their earnings have dropped significantly.  But if we talk about salaries at a company or a company that can pay salaries in cryptocurrency, then it is absolutely necessary to recalculate the cost of salaries in accordance with prices on the cryptocurrency market.  I think that this is a very complex process and not every company administration will agree to this.
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