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0 sats \ 8 replies \ @nemo 12 Aug 2023 \ parent \ on: I bet you did not know these things about Bitwage bitcoin
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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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