60 sats \ 12 replies \ @bitwage OP 12 Aug 2023 \ on: I bet you did not know these things about Bitwage bitcoin
We salute you @DarthCoin !
Are you using our referral program, so we give love back? We would love to enroll you and anyone willing to contribute.
Please reach out to https://twitter.com/Bitwage so we make contact.
@nemo
We are fully non-custodial. We do not keep either fiat or BTC. We just process it.
Using the USA, for example, if you are in the US, you might end up with more BTC vs. you getting your fiat USD payment to your bank account, sending it to exchange, buying it there yourself, withdrawing, and paying fees. And we are not even counting on the time invested. And you have to do that every 2 weeks or whenever you get paid, while our system is Set it and forget it. And you get to keep more of your privacy by using our service.
Yes, we are US based, but we are NOT A BANK, and that means more privacy for you vs. other custodial options. It means also, that we cannot lose your funds, as we do not keep them in the first place. And the benefits do not stop there.
When you use our service as an INDIVIDUAL, you do KYC in order to get paid in Bitcoin. When your employer is onboarded and they invite you, you do not have to do KYC. Using our service, you get access to all our banking infrastructure, used to receive fiat payments from across the globe.
Glad you brought up VPN services as a comparison, during the years many kept saying that they do not keep logs, as that is a popular sale angle, but the reality is often quite different.
What is a log in that scenario, and is hashed IP address considered a log, while they tell you that they do not keep logs!?
There is no small print with us when we say No tx too big, no limit on the number of transactions, and so on.
Due to us giving you access to all of our banking infra that you can use to receive fiat payments, which then get converted based on your set distribution, it is logical that information has to be recorded and that when you are signing up as an individual, without asking for permission from your employer, that some rules have to be followed, or else we would not be able to provide you with banking accounts in the first place.
If you can get your employer to pay you in Bitcoin directly, then we salute you as well. But the chance of that happening are so slim, that they are not even worth discussing. There is just too much overhead and companies are not willing to do it unless they sign up for our service and then we help them run payroll through us - and then it is super easy and has no overhead for them.
All your information is safe with us. We are pioneers in the space, doing this since 2014.
Send us a DM at https://twitter.com/Bitwage and follow us.
Ready to answer any follow-up questions.
Do you have any restrictions for users from Russia and Belarus? Can people from these countries register an account with you and use all the benefits of the platform?
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We are a US company serving clients globally, with some exceptions.
As there are different scenarios where a person from country X, is residing in country Y, which might not be the same as if he was living in country X.
What we can suggest to anyone, is signing up and taking it from there.
There are no costs to sign up. Once you sign up and onboard, there are no costs regarding keeping the account or maintaining it, so anyone can give it a go and see how they like it.
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Do you have any plans to open a subsidiary company elsewhere?
Like South America for example, should U.S. regulations get onerous & OTT?
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- I used for each month/payment received a new address. Sometimes from a different wallet (xpub). You can change it anytime you want.
- I personally don't give a shit if Bitwage is collecting data. Once I got the BTC in my own wallet, nobody can say anything about them, take them or ask me why IK have BTC. FUCK ALL THE GOVS. I don't care.
- I always move from that receiving address into LN channels and use the 3 levels of stash (as I explained several times in my guides)
Read more on my substack all kind of guides about using LN for "losing trace" of any income. I wrote at least 6 guides about this aspect (from a total of 70 guides about Bitcoin).
Yes, indeed, it is a must to change your receiving address, for a better coin control.
- If somebody comes to my door asking for my BTC, I will simply ask: who the fuck are you?
In the end, if you want to be 100% "under the radar" you will not use such service, but the question is, Why do you live in fear? From who? Govs asking you to pay taxes? Firstly they would have to prove to you they have any demand over your work (they don't).
I use Bitwage EXACTLY because I DO NOT PAY ANY TAXES FOR YEARS and I use it for those clients that still can't pay me in BTC directly (stubborn assholes).
If you are statist that love to pay taxes, then stay in the fiat world, don't go earning BTC. Bitcoin is not for pussies.
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I think is more about each country where they provide the service.
Let's be clear: they are ramp between fiat banks and BTC, so they must obey each country legal circumstances.
The most important thing for me personally is that I DO NOT have to use a bank account in my name in order to receive BTC. My client is just paying in his currency he want to use, I receive BTC. I really don't care about how is done.
If the service were custodial (BTC were kept by Bitwage) then yes, could be some complications, but the fact that Bitwage is only a "taker" of the fiat and instant giver of the BTC, I am just happy that I get straight BTC into my own wallet.
Disclaimer: I live using only BTC, without any bank account from 2018. I closed them all. Fuck'em.
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Using our service means that you can be living anywhere in the world, working for a US company (for example), and having 100% of your paycheck coming to you as Bitcoin. You don't even have to have a bank account.
Companies can run payroll without owning a bank account, by funding the salaries with Bitcoin for example. While everyone on the team gets paid based on their distribution.
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In order to comply with all the laws and for you to have access to all our banking infrastructure, some rules have to be followed.
Please send an email to our support@bitwage.com with an exact and specific query regarding which data you are referencing, and we will respond.
Email addresses, financial transactions, and some other types of data (might) fall under different categories, so that is why it is best to reach out and to be as specific as possible, to get you the best answer.
I hope that we have earned our reputation and integrity badge by now, by serving all people across the world starting from 2014. in order to allow them to get paid in Bitcoin.
And for having customers always come first.
We truly want to add value to your flow and allow you to get more for your money.
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