22 sats \ 4 replies \ @jbtc 3 May 2022 freebie \ on: Daily discussion thread
Does anyone know how my employer based in the US can go about compensating me (based abroad) in BTC for my services? What would be involved on his end in terms of paperwork/declarations? Is there a No-KYC service that allows for this in an easy way? Thanks!
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50 sats \ 1 reply \ @earnbitcoin 4 May 2022
There are a number of ways to be paid as a freelancer / remote employee / vendor where you receive bitcoin.
  • BitWage (employer mode)
  • BitWage (gig worker mode)
  • Deel
  • Pay Me In Bitcoin (via Strike)
  • Hedge
  • OnJuno
  • Gilded.Finance
  • Get Paid In Bitcoin (Australia only)
  • BaseNode.io
Source: https://cointastical.medium.com/freelancing-platforms-which-pay-in-bitcoin-e38be56166df (under the Getting Paid In Bitcoin (Wages-to-Bitcoin / Bitcoin Payroll) section)
All of those, which use the banking networks, require you to provide identity / KYC though.
The only KYC-Free method would be to get your employer to do the conversion on their end and send payment to you in bitcoin. There are invoicing tools for that if you want, like Blockonomics, BTCPayServer, SatSale, etc.
This is one of the areas where prepaid gift cards (e.g., Amazon, prepaid VISA/MC) have been used as a substitute for use of the banking networks, as the virtual card's code can be transferred directly to the freelancer / remote staff, regardless of their location. But converting prepaid gift card into bitcoin via P2P trading platforms is expensive, due to many of the cards traded being either fraudulently acquired, or where the seller spends the funds before the buyer redeems the card. The high price lets the practice continue, at a profit to the buyer, even with a relatively high rate of fraud occurring.
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20 sats \ 0 replies \ @jbtc 5 May 2022 freebie
Thanks for the write up, will look into those services as well as the no-kyc option. Cheers!
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16 sats \ 1 reply \ @gmd 3 May 2022
honestly why not just accept fiat and buy more BTC? Would most likely be an unnecessary headache for your employer.
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31 sats \ 0 replies \ @jbtc 3 May 2022 freebie
Well mainly so I don't have to KYC with an exchange to buy it, as well as missing out on low BTC prices due to how long an international fiat transfer can take. But you're right, it seems like it would be a huge headache for my employer, sucks that there isn't a service out there that can simplify this (or maybe there is but not come across).
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