Finally got my boss to pay me in Bitcoin

[rat03gopoh]

How can you convince your boss of the transaction costs if he decides it's also an option for some workers? I think you're from Nigeria (based on your posthistory) where the standard of living isn't much different from my country where even $0.3 is worth in some areas.
Or skip if you're paid through a centralized platform.

[1715487143]

1715487143

[SatoPrincess]

Congratulations you got what you wanted, I believe unless you have another job paying in fiat or some side hustle giving you extra income you will have to spend those bitcoins to cater to your needs. I don’t see the point if it’s a full time job and your salary is paid in bitcoin. Getting your bonuses in bitcoin but salaries? Not so much

[lovesmayfamilis]

OP, what's the problem with buying bitcoins on your own? I don't see the point in doing extra work for this in terms of teaching or explaining to your superiors that you prefer bitcoin payouts. You do not know how to acquire on your own, so as not to be dependent on someone? In addition, does your boss have to keep any kind of documentation, does he pay everyone in bitcoins, or are you the chosen one?
I, having the property of being a skeptic, see your story only as a fantasy with the hope of receiving merit. Fishing and nothing more.

[Razmirraz]

It's great to be able to work with a boss who is friendly and can be invited to exchange ideas. Introducing Bitcoin to co-workers as well as the boss where you work takes a long time, I mean it's very difficult to explain step by step to someone who has never known Bitcoin before.

What I want to ask here, have you previously taught your boss about how to make the right transactions?
You also need to tell your boss about the risk if he sends the wrong Bitcoin, usually someone who is just learning something is very vulnerable to the risk of mistakes.

[mvdheuvel1983]

OP, did you get your whole income in bitcoin?
If you ask me, I will say that it is risky. What is advisable even by most bitcoin experts especially when it comes to the economics is that only a certain percentage of your pay should be received in Bitcoin while others should be in your local fiat.
To execute this, your organization should consider using Bitwage - They services is like pay deduction. Such like a split paycheck. They send a percentage or fixed amount from your paycheck every month to a specific bank account using a specific ACH transaction.
On the other end, Bitwage will immediately convert it to bitcoin and deposit to into a bitcoin address. You can read more about them here - https://www.bitwage.com/.

[Pandu Geddon]

OP, do your coworkers also accept Bitcoin as their salary?
it doesn't matter, but how they manage their finances. while the salary from work is mainly to fulfill their life needs. I mean their operational costs in one month/ if their pay is received every month.

so I think you get Bitcoin from the boss. then you sell it for your needs. it may be different if you save your salary for investment assets. but how do you meet your primary markets?

[Taskford]

Hello everyone I am very excited today as finally my boss has agreed to pay in Bitcoin. After losing at my first attempt in Cryptocurrency as I thought that wealth falls like rain here I was brought back to reality with losses I got a little job on the side although a small amount paying job I think it is okay for me and I can get back on my feet.

Ever since I started working I have always been talking to my boss and coworkers about Cryptocurrency and after persisting they started to give me listening ears, I made sure to also tell them my experience and made sure they got my picture.

Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.

Good story to read but we are all wondering what are those information you tell to your boss to convince him to pay you up using bitcoin only. Are you the only one who get paid with it? or your co-workers are also get paid with this?

I have doubt about this story if you are the only one who get paid on Bitcoin only since imagine how hassle for your employer to buy bitcoins and pay it to your personal wallet which might cost some time and $ to him.

[Issa56]

Congrat to you, but you shouldn't force your co-workers to accept bitcoin, incase if their wallet get compromised then you will be blamed for it. If they are use to fiat payments, then they should countinue with that, anyone that's interested in Cryptocurrency then they can meet you personally so that you will explain it to them.

Also you should explain everything about wallet security to your boss and your co-worker since your boss already accepted to pay you people with bitcoin, how to properly secure your wallet private key, different strategies that scammers use to compromise your bitcoin wallet, and  other things which you think will really be helpful to them.

[BITCOIN4X]

Between adoption and investment, I actually wonder what did you teach your boss about bitcoin?
Here you seem to just tell your boss to invest in cryptocurrency where you don't tell him about its use as currency. I wouldn't be entirely sure that your employer would be happy to pay you in bitcoins if that were the investment asset, but how did that happen?

[Hyphen(-)]

Ever since I started working I have always been talking to my boss and coworkers about Cryptocurrency and after persisting they started to give me listening ears, I made sure to also tell them my experience and made sure they got my picture.

This is a positive development for you and your coworkers, and I am happy for them because they have realized the value of Bitcoin and are about to adopt it after hearing about it from you.
I hope you take your time explaining the risks associated with Bitcoin investment, and I also hope you teach them about key and address because they are the most important aspects to understand before investing.

Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.

Congratulations on realizing your dream, as your boss has finally accepted Bitcoin and paid you in BTC. I hope your coworkers will also choose Bitcoin as a means of payment for themselves, so that they can profit if the Bitcoin price rises.

[aysg76]

Really good to know that you managed to convince your boss to pay you into bitcoin and also made him aware about the decentralisation concept but see I am happy for you but at the same time assume you are well aware about the risk associated with it?

If you are getting your full salary in bitcoin then it's risky as suggested above due to its volatile nature.For example you received $500 at an estimate rate of $16500 then you will receive approximately 0.0303BTC but the next day or moment the prices drop to say $15500 you will have $469 with you which means $31 down in your value so this is main concern if you are taking salary in this format as your expenses could be compromised in case of major crash so handle it carefully.

Second is keeping your funds safe in non custodial wallet or hardware wallet with your seed phrase safe in backup with you as it will give you wallet access for your funds and don't keep them on CEX which can be insolvent anytime or hacked turning your funds into bad loss.Rest best wishes to you and hope for more people like you have awareness about bitcoin.

[GigaBit]

Hello everyone I am very excited today as finally my boss has agreed to pay in Bitcoin. After losing at my first attempt in Cryptocurrency as I thought that wealth falls like rain here I was brought back to reality with losses I got a little job on the side although a small amount paying job I think it is okay for me and I can get back on my feet.

Ever since I started working I have always been talking to my boss and coworkers about Cryptocurrency and after persisting they started to give me listening ears, I made sure to also tell them my experience and made sure they got my picture.

Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.

Congratulations, your boss has cleared you after much procrastination. Whatever your monthly salary is that doesn't fact, whenever you got it in bitcoins, were excited to receive it. And no one can measure about your happiness except you. But it has to be said that Bitcoin is working smoothly in this regard. Acting as a new mode of payment. Day by day its scope is getting bigger. Maybe in a few days, the various institutions or industries around the world will be paying in Bitcoin instead of paying in fiat currency. Basically new generation will continue in this trend. I believe that in the next few years Bitcoin will be an alternative to all kinds of ‍payments activities.

[LDL]

Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.

Being able to receive payment in cryptocurrency after many efforts is undoubtedly a matter of great pride for you.  And this can be called an achievement in cryptocurrency.  Moreover, taking payments in cryptocurrencies is currently technologically more cost-effective and time-consuming.  But there is a lot of trouble and risk involved, since you have opened a Bitcoin wallet to your boss, you must take precautions from online wallets, especially those wallets that do not have the permission user.  Moreover, if you are using a hardware wallet, then you are smart.

[Apocollapse]

I tried as much as I could to let them know about how volatile the market is, and after experiencing it myself I think my loss story was a good example for them to understand, I also talked on privacy and other uses of Bitcoin and my boss was amazed as to the privacy Bitcoin has compared to how he was transacting. Also I put a disclaimer and I wasn't giving away any financial advice.

So you're request your boss to get paid by Bitcoin and you're talking about privacy? now I know if you're only talking bullshit here and it seems it's not a real story. If you're really understand about privacy, you wouldn't ask to get paid by Bitcoin since your boss already know who're you lol. If you both or even more workers know each others about your Bitcoin, address etc. You're already kill your own privacy.

[Huppercase]

You have done a good job convincing your boss, it is not really easy to persuade people to buy crypto since the market crash, they have lost confidence in the crypto market but a good news that your boss paid you in crypto, it will be more cooler if you also spend your salary in crypto to encourage those markets people, it will send message to those who have not used cryptocurrency to make payment, it will really increase awareness.

[JoyMarsha]

Congratulations on having your long-awaited request for payment in bitcoin granted by your boss. Not all bosses will accept payment in bitcoin from their employees. They prefer paying in fiat.

Well this is my side Job but it's all I have now I also do some other job too but it has it's period, I don't know what the future holds but I am taking it one step at a time, I would really want to save the Bitcoin I get from there but in case of personal needs I would touch it, but for now am very glad he agreed to pay in Bitcoin, not many employers where I am from would agree.

Given how bad the market is right now during this bearish season, I like that this is a side job rather than your main employment. Having a job that pays you in bitcoin is kind of risky right now. With the little bit of bitcoin, your boss is giving you right now, you are steadily ensuring your future. You'll be astounded by the kind of earnings your paycheck in bitcoin generates in a year or two. Just maintain your grip and pray for the best outcome to happen soonest(preferably 2024).

[qwertyup23]

Hello everyone I am very excited today as finally my boss has agreed to pay in Bitcoin. After losing at my first attempt in Cryptocurrency as I thought that wealth falls like rain here I was brought back to reality with losses I got a little job on the side although a small amount paying job I think it is okay for me and I can get back on my feet.

Interesting, but I have some questions for you OP- are you working in a company or are you personally hired by your boss? Generally, wages are to be paid using the respective legal tender of a country and anything different from that may be considered void. Were you able to secure this kind of payment system with your boss?

I do hope that countries would definitely adopt cryptocurrency to their financials and adapt to its usage. With this kind of example, employers may give employees the freedom on how to choose their wages to be paid- either by fiat or by crypto.

[crwth]

If you are a freelance worker and getting paid with that, I think it’s going to be a good thing that you are paid in bitcoin, so you could probably pay less tax for your income depending on where you are from. I’m curious some companies do not utilize crypto payments because of legal issues. I hope you don’t run into something that is going to make it hard for you to earn more because of your payment method.

[Mpamaegbu]

I'm all in for whatever that makes Bitcoin blossom, in terms of publicity and adoption but you've to also factor in the demerit of accepting it as "usable" salary. My emphasis is on the word usable to mean cash you're going to expend almost immediately and not as something set aside as an investment. We know how price fluctuates with Bitcoin. Are you ready to stomach all that when it happens on a dip? Can you? At some point, you will experience that your $200 BTC will be made a shadow of itself during this bear season. You would've been at an advantage were this happening in the bull season. This isn't to make you panic but to unveil to you what you should expect.

[Adbitco]

This is a good move and nice steps to take so far, if would ask are you just receiving the payment in bitcoin to hold or you are receiving in bitcoin to sell after payment is received because I believe your coworkers who was given option to choose either to receive bitcoin may not have patient to hold since I believe their families are being sustained through their salaries. Possibly their interest would basically be on how to sell immediately when they received their payment because they may not have the patient to hold till bull run.