How to get paid in bitcoin


SUBMITTED BY: Michaeljl

DATE: Sept. 1, 2017, 6:41 p.m.

FORMAT: Text only

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  1. When acquiring Bitcoin, most users resort to the most simple method available: They buy Bitcoin from an exchange, broker, or seller. Tech-savvy users may resort to mining, although this is becoming an increasingly industrialized practice. However, the third method and maybe the least popular, would be to work for Bitcoin. Working for Bitcoin is different than just buying it with your salary. Andreas Antonopoulos explains this perfectly in a recent video, which can be seen below
  2. However, not everyone is ready to pay you in Bitcoin (yet) and, most likely, you can’t afford to simply quit your job because you want to be paid in crypto! Well, Bitwage has come up with the perfect solution for this. One that can please both crypto and fiat users alike! This system is useful for international workers. It works as so:
  3. Bitwage provides you with a bank account to receive your payment on. Simply give this account to your boss. When he makes a payment, Bitwage will exchange it for Bitcoin and send it to your wallet.
  4. Some of you may be wondering: “Why don’t I just exchange it myself?” Well, this system was designed especially for workers that receive international transfers. Bitwage is able to skip these and send you Bitcoin directly, meaning you don’t actually have to pay the international transfer fee. In some cases, where Bitcoin trades with a premium, workers may even receive a bonus, instead of being charged a fee. Pretty cool! Bitwage Supports 7 currencies for invoicing clients and employers.

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