Salary paid in crypto. Best practices/services/low fees?

[bitcoinpropaganda]

My employer has offered to pay me my salary in crypto (BTC/ETH/USDC) but not sure if it's worth it in terms of fees.

I'd like to save part on BTC but will also need the money for normal spending in GBP. So far, I think that getting paid in fiat and buying BTC on an exchange is still cheaper.

Any tips or recommended services to take advantage of crypto by paying as little fees as possible? Maybe there's a solution I'm not seeing?

[1715111650]

1715111650

[1715111650]

1715111650

[1715111650]

1715111650

[NeuroticFish]

Any tips or recommended services to take advantage of crypto by paying as little fees as possible? Maybe there's a solution I'm not seeing?

One possible direction would be something like Binance card, which you may top up with fiat whenever you want or top up with crypto (depending on what you expect on short time - increase or fall of the price). The fees related to the card are small, the conversion rate cannot be better.
But you should have to study more this case, since you may have to also pay tax for the BTC you're selling. I don't want to scare you off, but you should find out how is your case seen by the tax authorities in your country (UK?).

[Coin_trader]

My employer has offered to pay me my salary in crypto (BTC/ETH/USDC) but not sure if it's worth it in terms of fees.

I'd like to save part on BTC but will also need the money for normal spending in GBP. So far, I think that getting paid in fiat and buying BTC on an exchange is still cheaper.

Any tips or recommended services to take advantage of crypto by paying as little fees as possible? Maybe there's a solution I'm not seeing?

The fee for depositing fiat to crypto exchange is much higher compared when you sell it because you can always do P2P transaction on Binance without a fee. Your only problem is the volatile value of cryptocurrency, You might get 10% lower of your salary or more if you are unlucky enough to receive your payment on bear season. That's the only risk you are facing but if you choose stablecoins, I think receiving it via crypto is more advantageous for you since you really want to invest on it. Just make sure that the crypto rates that your boss using as reference is on the exchange that you want to sell it.

[Rikafip]

One possible direction would be something like Binance card, which you may top up with fiat whenever you want or top up with crypto (depending on what you expect on short time - increase or fall of the price). The fees related to the card are small, the conversion rate cannot be better

I second that, Binance card is a good way to spend your crypto for everyday needs, if you don't mind doing KYC on Binance. Deafault cashback (1%) basically covers the fees (0.9%) so from that point of view, you won't find a cheaper way to spend your crypto. On top of that, you can use it for ATM cashout but daily limit is pretty low, only 290 euro. The only problem with Binance card is that is not 100% reliable so every once in a while you card will get rejected for no obvious reason. Beside that, it serves me well as I got sick of paying 6-7% fee on BATM.

Solid alternative to Binance card is Coinbase-Revolut combo. It is not as easy to use as Binance card as you have to send money from Coinbase to Revolut (its basically instant but its still an xtra step) but Revolut card is far more reliable.

[SFR10]

I'd like to save part on BTC but will also need the money for normal spending in GBP.

In addition to the above comments, you can try "BitWage ^{[I prefer to not vouch (DYOR)]}".
^{Note: Most of the recent comments on their android app are 1 star, so I'm not sure if the quality of their services has downgraded lately or only their apps suck!}

So far, I think that getting paid in fiat and buying BTC on an exchange is still cheaper.

That depends on what you'd be trying to do after! If you're planning to just keep it on an exchange, then it comes with a lot of risks ^{["not your keys, not your coins"]}, and if you're planning to withdraw it to a non-custodial wallet, then you have to deal with ridiculous withdrawal fees from some/most of the exchanges!

[NeuroticFish]

Solid alternative to Binance card is Coinbase-Revolut combo. It is not as easy to use as Binance card as you have to send money from Coinbase to Revolut (its basically instant but its still an xtra step) but Revolut card is far more reliable.

Indeed, Coinbase or Bitstamp with Revolut can also be an option, but I've seen quite a lot of complains about Revolut freezing accounts/funds for months (at least) and asking for documents, documents not accepted for unclear reasons, bad support and such.
So while Revolut cards are more reliable in the shop, Revolut itself may not be so.

[Boris007]

Coinbase is the best option IMHO. I have also been accepting salaries for my part-time jobs in BTC.
One bad thing with crypto salaries is that one day it will be worth more than the exact amount that you got and in another day it will be far less.