Crypto as job salary - Yay or Nay?

[Z_MBFM]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

salary is salary it shouldn’t mix with crypto. When salary gets it means you get that money after he works hard for a whole month or fixed days as per the agreement. And with this money, everyone meets the expenses of his family.  So no risk should be taken by combining these funds with crypto. But if someone wants to pay me salary in Struble coins like USDT, USDC I will accept it.  Because here the money will be stable and there will be no risk. the amount of money you should keep in crypto is the amount you can afford to keep there for a long time.

Yes i agree with you. I don't think it's logical to accept crypto as your salary. Because the price of crypto is constantly rising. so when you get paid in crypto you may lose some money and sometimes gain if you convert it to FIAT money.  Profit or loss should not be associated with salary. It is acceptable if it is a stable coin but it is also troublesome. so it is better to receive the salary directly in cash. And whoever can invest in any crypto coin including Bitcoin according to his ability and his own desire, it will be his personal desire and he has to take responsibility for any loss.

[Crypto Library]

Yes i agree with you. I don't think it's logical to accept crypto as your salary. Because the price of crypto is constantly rising. so when you get paid in crypto you may lose some money and sometimes gain if you convert it to FIAT money.  Profit or loss should not be associated with salary. It is acceptable if it is a stable coin but it is also troublesome. so it is better to receive the salary directly in cash. And whoever can invest in any crypto coin including Bitcoin according to his ability and his own desire, it will be his personal desire and he has to take responsibility for any loss.

May I know what is the trouble sometimes peoples get when they do accept stable coins as their salary?
I couldn't agree with your opinion and also don't know how it's illogical to accept the cryptocurrency as salary. I have accepting all my payments in cryptocurrency and I didn't face any loss or trouble but the problem can be only that time if it's about the regional laws like you know already our country banned cryptocurrency and we have to do p2p trading convert to fiat currency for using those payment and I don't think it is that kind of trouble we can't accept cryptocurrency for salary. Anyway some times it become more profitable for as if we accept cryptocurrency as our salary like I have hold some of my salaries stable coin and I got a benefit for our fiat currecurrencies inflation.

[Woodie]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

Here is the thing, getting paid in either fiat or crypto makes no difference as both hold value and in addition to this we several platforms out there that facilitate this exchange with ease, unless it's a hassle then stick to fiat...

Btw, for my preference I would opt for crypto payments as am using more crypto services today than ever before  and crypto does give some gains which I  won't miss out on and can pay less fees than using a bank card or similar.

[oktana]

When you get paid your salary, do you not know that you pay taxes? When you get paid in cryptocurrency, you haven’t paid taxes yet but somehow the taxes come back to you and it shouldn’t be surprising. So it doesn’t matter how you choose to get paid, tax will always wait for you.

It's incorrect.

If you get paid in cryptocurrency, it's taxable event, it will count to personal income tax.

When you sell or convert your cryptocurrency to fiat, it's also taxable event, but it will count as capital gains (only if you're in profit).

Even though cryptocurrency get taxed two times, but you're still in profit compared to hold fiat that the price will keep depreciated over time.

I didn’t know about being taxed twice and I am forced to believe that it depends on the country. For what I know, it gets taxed once, I don’t know at what point but I know it’s supposed to be once. And for countries where it’s once, I think what I said is valid. Or not?

[wiss19]

I will settle still with the fiat currency, market of crypto is volatile imagine you have a salary of per week salary of $100 and the market dumps immediately before you make a withdrawal and now you only have 70$ instead you have still other stuffs that you can buy on that loss the market burn it down, even in the institutions they are supporting the use of the fiat currency as a payment because its part of their law and easier to process related on the banks. If you will just have an extra with your salary do invest in crypto so you don't get worried about the market volatility because its just an extra money.

It would obviously not be wise to accept your salary in a volatile cryptocurrency if you know that you are going to need all the funds for your expenses because someone would only prefer cryptocurrencies, that too volatile ones such as Bitcoin, if they wish to make investments in them and keep holding them, otherwise, it is better to simply get your salary in fiat and use that for your expenses if you nothing will remain from it.

If a person believes that they don't need extra money at the moment because they already have some that they can use for their monthly or daily expenses, they can go ahead and take their salary in a cryptocurrency of their choice and keep holding it so that they might get some profit from it if the market goes up.

[Dr.Osh]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

Here is the thing, getting paid in either fiat or crypto makes no difference as both hold value and in addition to this we several platforms out there that facilitate this exchange with ease, unless it's a hassle then stick to fiat...

Btw, for my preference I would opt for crypto payments as am using more crypto services today than ever before  and crypto does give some gains which I  won't miss out on and can pay less fees than using a bank card or similar.

well, for crypto users, salary payments using Fiat, or crypto will probably be the same. I also think like that, in fact, I feel that payments using crypto will be more profitable, because we can more easily manage the investments we are making. However, this answer may be different when the question is asked by a layperson who is not very familiar with crypto. They will probably choose Fiat over crypto because they don't know how to utilize it.

[bitterguy28]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

i believe this kind of thread have been here for long , because this has been asked couple of times if Im not mistaken , and the answer comes the same about choosing Bitcoin as payment .

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

that is why i choose bitcoin as payment because that is what I believe to bring me better result in the future.

[CODE200]

My stable job serves as my hedge against the bills and necessities that I need to survive, we also need to understand that there's also a life outside of bitcoin and that life outside is going to help you survive, it's counterproductive to have bitcoin or any crypto as your salary because of how volatile the market is, we need to remember that the volatility of cryptocurrency will never go away no matter what happens, maybe if everyone's already using it, we might see a price stability but right now, it's not worth risking your payday just because it looks cool, just imagine when you've accepted this offer, your $1000 salary could just become a $800 overnight and you can't do anything about it besides hodling and who knows how long that might take you because sometimes the pump in the prices isn't as fast as the price dumps.

[Solosanz]

I didn’t know about being taxed twice and I am forced to believe that it depends on the country. For what I know, it gets taxed once, I don’t know at what point but I know it’s supposed to be once. And for countries where it’s once, I think what I said is valid. Or not?

When you report your tax, have you ask or consult to the tax officer if some of your earnings are get paid in cryptocurrency? if you ever ask or consult with the tax officer and he said it's only get taxed once, then I'm wrong.

it's not worth risking your payday just because it looks cool, just imagine when you've accepted this offer, your $1000 salary could just become a $800 overnight and you can't do anything about it besides hodling and who knows how long that might take you because sometimes the pump in the prices isn't as fast as the price dumps.

It's why in money management we need to have "emergency funds" instead of going all in to investment or any other volatile assets. If you have emergency funds, you won't need to worry to sell your assets in loss.

[Wapfika]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

I preferred fiat since I have expenses that needs to be paid via fiat such as monthly electricity, water and insurance bills. Choosing crypto as salary will be too hassle since I need to convert it back to fiat and pay for fees just to withdraw it.

At least on fiat salary, I have the freedom on when can I purchase my crypto holdings without the need to pay for fees on conversion since monthly bills is necessities not an option payment.

Unless crypto can be use directly pay bills.

[Mrbluntzy]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

In which ever asset that my salary is paid, I will accept so far as I can do with the money what ever I please. If am paid in fiat and I wish to invest in Bitcoin I will buy any percentage I please using my salary that was paid in fiat. If am paid in Bitcoin I can do with it what ever I please.

[batang_bitcoin]

In which ever asset that my salary is paid, I will accept so far as I can do with the money what ever I please. If am paid in fiat and I wish to invest in Bitcoin I will buy any percentage I please using my salary that was paid in fiat. If am paid in Bitcoin I can do with it what ever I please.

So whatever it is, it's always that we're able to use any of it. Getting paid in fiat, we will still invest in Bitcoin and if we get paid in Bitcoin, we're going to sell it for fiat. So, whichever you agree with, there's always the use that we're going to do with it. In short, we are can do whatever we please to use it. Either for investing or buying our goods, so it simply means that we get paid for our hard work.

Unless crypto can be use directly pay bills.

I think this is possible with some features from exchanges, I can't remember which one has it or some local exchanges does.

[AHOYBRAUSE]

Well I have been through that for roughly 3 years while I was stuck in Taiwan and couldn't reenter Japan because they logged out foreigners for quite a while.
Long story short, my card also ended so it was hard for me to receive any funds. For this reason I got paid in btc and had to convert it into cash locally. Lucky for me I occasionally found some people to trade with.
In the beginning I was able to use a very expensive ATM which then shut down. Could also use a Mastercard which I was able to charge via crypto and then withdraw at atm.

Anyway, for that reason it's a big Yay for me. It basically saved my ass to be honest to be able to get paid in btc.

[darkangel11]

^
Great answer. You actually were in a situation where government decisions and monetary policies made your life harder, but bitcoin came to the rescue. There's millions of people like you all around the world, but not all of them know about bitcoin and are not afraid to use it.
In my case it would also be a yay. I had some difficult times in my life where I barely earned money and again owning bitcoin that grew in value helped me and gave me that small financial boost that kept me going. I was lucky to convert some of my fiat into bitcoin in 2014 and when it got tough for me in 2016 and 17 I used bitcoin and that shaped me into the hodler that I am now. We could say that over the years bitcoin has earned my trust.

[Razmirraz]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Of course I would be very happy to receive a salary in crypto, I would choose to be paid in Bitcoin if the company I work for gives me the option. I literally need it to meet all my daily needs, but when I choose to get paid using Bitcoin, of course I have another source of income to spend. There are many advantages if this option is actually implemented in the company where I work, I no longer need to buy Bitcoin to invest because the company has converted the fiat that I should receive every month into Bitcoin.

[Viscore]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Well, it’s a case to case basis. If it pertains to my main job, I would always chose fiat to be my form of salary and just buy bitcoin whenever I have spare money ready to invest. However, if it pertains to one of my side jobs, I think receiving bitcoin as a salary would be a great opportunity for me to store maximum amount of bitcoin and hold them for indefinite years, regardless of how volatile its value is.

[qwertyup23]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

I think I would exercise the option of having 50% of my salary as crypto and the other 50% as fiat.

The good thing on having part of your salary as BTC/crypto is that it gives you the convenience of already having it as a part of your salary. Not to mention, if you are a person who is investment-oriented to the point that you want to maximize your investment portfolio, having this kind of salary set-up may be beneficial to you.

I would not exercise the option of having it 100% fully as cryptocurrency since there are still obligations that must be paid daily/monthly. Having to convert it to fiat may be inconvenient especially that fiat is still the main currency being used around the world.

In which ever asset that my salary is paid, I will accept so far as I can do with the money what ever I please. If am paid in fiat and I wish to invest in Bitcoin I will buy any percentage I please using my salary that was paid in fiat. If am paid in Bitcoin I can do with it what ever I please.

At the end of the day, it really depends on the purpose.

Though that may be the case, I personally see it as an inconvenience if you receive your salary 100% as cryptocurrencies given that majority of the transactions that are being used are still made in fiat.

[pawanjain]

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

There are two scenarios here.

Scenario 1: If BTC would be globally accepted, which means even the small stores nearby your house would start accepting BTC payments then I would opt to receive my 100% salary in BTC.

Scenario 2: If BTC is not yet globally accepted, that is the current scenario, in that case I would accept 50% of my salary in BTC and the rest 50% in fiat.

[alexforneus]

It still easier to buy crypto with your fiat salary than getting it directly in crypto

[hitsnorth]

It still easier to buy crypto with your fiat salary than getting it directly in crypto

True, but it depends on what crypto you receiving your salary in. Stablecoins for salary actually a good option, especially if you work for a company from another country.