Starting My Pay In Bitcoin with bitwage a review.

[Jumperman4]

This a second coming to another post I made discussing getting paid in btc. After two weeks here's how it worked.

On Feb 13, I had a percentage go into btc

Input Volume: 69.06 USD
Output Volume: 0.00645534 BTC
Cross Currency Rate: 10697.3464222 USD/BTC

On Feb 20, I had a percentage go into btc
Input Volume: 49.27 USD
Output Volume: 0.00494258 BTC
Cross Currency Rate: 9969.18351128 USD/BTC

Note the amount for the bitcoin is significantly higher then where it was on either of those days. However it was a convenience to have my pay collected in a percentage of btc. Sent to a address and be capable of transferring it immediately. I also had my fiat pay sent to my bank.

I originally thought id do a 50/50.   usd/btc but once I realized how high the bitcoin buy price would end up being, I lowered it by alot.

My over all rating is positive only because I never have to think about buying btc or eth again and it's based on a percentage of my earned wage.

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[fiulpro]

A percentage is really good but it someone chooses to take all their pay in BTC it would be a disaster.
But what about normal things ? You cannot entirely rely on BTC right , If you had to buy something as simple as tomatoes , you won't be able to do that in BTC , you would have to convert the BTC little by little and then pay again to the middle men and the person you are selling your bitcoins too .
Therefore I do that your option is rather good , hopefully you don't get into a big loss and don't need a huge amount of money urgently , stay safe , the market is rather complicated.

[Darker45]

If by 50/50, you can still comfortably support all your needs before the next salary, it could still be good. In other words, the savings or a portion of it goes directly to Bitcoin. The disadvantage of this is that you cannot dictate on the better Bitcoin price entry because salaries are given regularly and on certain dates. It could happen that your salary is converted into Bitcoin right at the moment of a strong pump. And the next days are all about correction. It would be perfect if the salaries are paid on the dips.

[pakhitheboss]

50/50 pay would have been a big risk, not everyone is accepting Bitcoin and for you daily needs you do need Fiat. Good decision by you to lower the ratio. Please keep your Bitcoin safe in your personal wallet and keep HODLING till you see Bitcoin going above the 17k mark.

[avikz]

It's a significant risk that you are taking. You can simply see it by looking at the exchange rates on both dates. At first week, you have received $69 and the following week the amount goes down to $49. I assume, you have kept the percentage same at both weeks - so it's a straight away $20 loss for you. Salary is a very important thing in our lives and I personally wouldn't gamble with it. 50/50 is far, I wouldn't risk more than 5% of my salary in this case. It's great to see that you are trying to help cyrpto market in general but be cautious not to loose your valuable resources in the process. All the best!

[joniboini]

The downside of this is that you have to rely on a third-party for doing the job. I'd rather buy bitcoin manually than risking my payment being screwed up.

Is there a safety net for the users so that Bitwage is guaranteed to always pay them and not run away with the money they got?

[tranhoangvien]

Recently I have been more interested in BTC after a year of not touching. Which channel might be the recent interest?

[buwaytress]

I have to remember to merit this when I have some but please, do continue to update this thread every time you get your wage.

Back in 2016 when I was recovering from a major illness (and in bed for weeks picking up bitcoin) I truly thought I was going to reenter the career so was prepping for Bitwage.

Months later, found out I was deemed unfit for work and had to freelance. Today, still freelancing and earning everything in btc or crypto, so it's the other way around for me, converting into fiat for bills and rent!

If only it were as convenient to have % but I don't mind the extra hassle of p2p as I get a really good rate as a market maker. Good luck!