Boss lives in USA & I live in NZ - want to transfer my wages by bitcoin! HELP!

[bpj1964]

My boss lives in Florida USA, and wants to pay my wages in Bitcoin..I live in NZ! What is the best exchange for him to buy from, and where can I exchange back into NZD my end?
PLEASE CAN SOMEONE HELP???

Cheers
Jane

[notlist3d]

localbitcoins can do some debit card types.  Just make sure to use a trusted person.

I'm not sure on NZ best ones but some do offer wiring cash. 

[karlb187]

I Love Florida...Hope to move there very soon! 

[Possum577]

Coinbase accounts (for both of you) might work best for the actual payment transaction - it's easy to use and will track transaction history and such for you. Once you receive your pay you can decide if you want to keep the balance with Coinbase or another wallet (i.e., cold storage, paper, etc).

[odolvlobo]

Check out localbitcoins.com in order to sell bitcoins for NZD on your end. Your boss can buy bitcoins in Florida using localbitions or coinbase.

[ShameOnYou]

My boss lives in Florida USA, and wants to pay my wages in Bitcoin..I live in NZ! What is the best exchange for him to buy from, and where can I exchange back into NZD my end?
PLEASE CAN SOMEONE HELP???

Cheers
Jane

I'd say as far as wiring money into an exchange, Bitstamp or Bitfinex. I think they are both fairly quick about crediting wires -- within a few days. There is also Localbitcoins.com. The problem there is dealing with trusted sellers = paying a premium over exchange price. So that is something to consider. I'm not sure what the best options are for cashing bitcoin out in NZ -- if there is a market in your area for in-person cash trades on LocalBitcoins, that is usually best (no fees, no 3rd parties). But I don't see why you couldn't cash out on Bitstamp or Bitfinex. Good luck.

Coinbase accounts (for both of you) might work best for the actual payment transaction - it's easy to use and will track transaction history and such for you. Once you receive your pay you can decide if you want to keep the balance with Coinbase or another wallet (i.e., cold storage, paper, etc).

Isn't Coinbase only available to US residents? Unless things have changed, that was my impression.

[Dare]

I'd say Coinbase is probably best for the exchange on the US end, as it's easy to use and it's worked well for me in the past. As for the NZ side, I'm not sure what exchanges are available, but if all else fails you should be able to find someone on LocalBitcoins who's willing to handle the conversion for you.

[DrG]

I can't see a reason to use localbitcoins unless you're trying to go under the table which would be tax evasion if the amount is a taxable income.

Easiest way would be for you both to set up Coinbase accounts.  He could pay directly then through his corporate banking account.  The accounting would also be a lot easier for him than using localbitcoins.

[Simon8x]

I can't see a reason to use localbitcoins unless you're trying to go under the table which would be tax evasion if the amount is a taxable income.

Easiest way would be for you both to set up Coinbase accounts.  He could pay directly then through his corporate banking account.  The accounting would also be a lot easier for him than using localbitcoins.

The problem is that OP wants to exchange his bitcoin back to NZD, while only US people can sell bitcoin through coinbase (FYI: http://support.coinbase.com/customer/portal/articles/1392167-can-i-verify-my-identity-as-a-non-us-resident-).

[DrG]

I can't see a reason to use localbitcoins unless you're trying to go under the table which would be tax evasion if the amount is a taxable income.

Easiest way would be for you both to set up Coinbase accounts.  He could pay directly then through his corporate banking account.  The accounting would also be a lot easier for him than using localbitcoins.

The problem is that OP wants to exchange his bitcoin back to NZD, while only US people can sell bitcoin through coinbase (FYI: http://support.coinbase.com/customer/portal/articles/1392167-can-i-verify-my-identity-as-a-non-us-resident-).

Ahh I missed that.  Well then yes he would either have to use localbitcoins to exchange for fiat or use an exchange that supports NZD.  I think BTCe may allow transfer of fiat into his bank who would do autoconversion from USD.

[transient858]

Open an Australian bank account and use coinjar to cash out your bitcoin.

[notlist3d]

I can't see a reason to use localbitcoins unless you're trying to go under the table which would be tax evasion if the amount is a taxable income.

Easiest way would be for you both to set up Coinbase accounts.  He could pay directly then through his corporate banking account.  The accounting would also be a lot easier for him than using localbitcoins.

My only reason for suggesting it was because of country.  I would have suggested coinbase if possible.

It looks like there have been some better suggestions though with sites that work with OP's country.

[forsakenpnut]

Just get it to your paypal and from paypal to your currency.

[blitzcrank]

Have him buy from localbitcoins which seems the quick way to do these days.

[btcguys]

Coinbase requires:
SS #
Bank account information (3 to 4 days to deliver bitcoins)
Credit Card information (to deliver bitcoins instantly)

Coinbase take advantage of price volatility. For example if you buy bitcoin for $600 and price goes up to $610 then they will deny your transaction "due to high risk" however if price goes below $600 they will process your order.

It is best to use localbitcoins.com or cryptsy.com (requires account verification by SS#) in the US.

I trade bitcoins as well.

[hugs1BTC]

Coinbase accounts (for both of you) might work best for the actual payment transaction - it's easy to use and will track transaction history and such for you. Once you receive your pay you can decide if you want to keep the balance with Coinbase or another wallet (i.e., cold storage, paper, etc).

I don't think coinbase allows accounts outside the us or at least cannot allow withdrawals of fiat to any bank but us banks. They would be best for the OPs boss though as they allow for recurring purchases.

[Tammy Chan]

My boss lives in Florida USA, and wants to pay my wages in Bitcoin..I live in NZ! What is the best exchange for him to buy from, and where can I exchange back into NZD my end?
PLEASE CAN SOMEONE HELP???

The best option IMO is to ask your boss to register on Coinbase, buy bitcoin through Coinbase and send it to you.
You can register an account on bitstamp or btc-e and sell your bitcoin there (after ID verification).

[Kprawn]

So how are you going to explain this to the tax collector IN BOTH  of these countries? Your Boss going to paste a link to the blockchain? 

There are certain laws on the amount of currencies that can be taken out of a country and into another country.

Just make sure, you stay within these laws for your own protection. 

[DrG]

My boss lives in Florida USA, and wants to pay my wages in Bitcoin..I live in NZ! What is the best exchange for him to buy from, and where can I exchange back into NZD my end?
PLEASE CAN SOMEONE HELP???

The best option IMO is to ask your boss to register on Coinbase, buy bitcoin through Coinbase and send it to you.
You can register an account on bitstamp or btc-e and sell your bitcoin there (after ID verification).

Agreed.  As long as you can get fiat out of BTCe and into your bank this would be the best choice.

You would lose about 1% in overhead from Coinbase (over spot and fee but they don't charge tx fee), 0.2% from BTCe fee and then any bank deposit fees.

The only major issue is BTCe is usually a significant amount under Coinbase's exchange rate.  Maybe stamp might be better.

[wolfYella]

My boss lives in Florida USA, and wants to pay my wages in Bitcoin..I live in NZ! What is the best exchange for him to buy from, and where can I exchange back into NZD my end?
PLEASE CAN SOMEONE HELP???

The best option IMO is to ask your boss to register on Coinbase, buy bitcoin through Coinbase and send it to you.
You can register an account on bitstamp or btc-e and sell your bitcoin there (after ID verification).

Agreed.  As long as you can get fiat out of BTCe and into your bank this would be the best choice.

You would lose about 1% in overhead from Coinbase (over spot and fee but they don't charge tx fee), 0.2% from BTCe fee and then any bank deposit fees.

The only major issue is BTCe is usually a significant amount under Coinbase's exchange rate.  Maybe stamp might be better.

The 1% that you would "lose" from coinbase is not really a loss, as all exchanges have some kind of spread and charge a trading fee which coinbase does not charge.