How to get paid in Bitcoin

22 Feb 2017

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

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:

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.

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.

Don't Buy Bitcoin. Earn it!

Part 1 - Create an account with Bitwage

Bitwage is easy to use, but we’re going to give you a run-through. 

Step 1: Click here to go to Bitwage
Step 2: Click “Signup

 

Step 3: Enter your personal info and click “Submit

Step 6: You will receive a call or sms with a confirmation code. Write it in the field shown and click “Submit

Step 7: Confirm your account by clicking the link on the email sent by Bitwage.

Part 2 - Verifying your account

Step 1: Click “Login” in the upper right corner

Step 2: Enter your account info and click “Submit

Step 3: Enter the confirmation code sent to your cellphone and click “Submit

Step 4: Now we have to configure the profile. Enter your personal information, choose Invoice and click “Submit

Step 5: Fill in the info about your boss and place of employment, agree to the terms and click “Submit Part 1 of 2”.

Step 6: Upload all the required documents and click Submit Part 2 of 2”.

Then wait two business days for approval. If approved, Bitwage will give you a bank account set up in your requested Payroll Currency to invoice your client/boss. It's possible that Bitwage may pre-aprove you and send you an email asking for additional details. This is normal.

Part 3 - Invoice

Now that your documents have been approved, It's time to get your Bitwage banking details so that you can give them to your client or boss

Step 1: Click on "here" as displayed below

 

Now, you'll be shown instructions on how to proceed. If you want to be paid in fiat currency, you can follow the instructions and click on "Link bank account". This will allow you to skip international fees and to be paid in your national currency. We're going to skip this because we want to be +paid in BTC
Step 2: Click "Choose Distributions

Step 3: Click "1" to add a destribbution method

Step 4: Click "Bitcoin Network"

Step 5: Add your Bitcoin public address (1) and click "Save distribution 1" (2)

Step 6: Enter the security code sent to your cellphone

Step 7: Now, go to "Invoices"

Step 6: Choose the deposit method that best fits your employer/client. We chose SEPA

Step 8: Now, simply give the payment info to your boss or client and you're ready to go! 

Enjoy your new income currency!

Alternatively, you can also mine Bitcoin or buy a cloud mining contract with Hashflare or Genesis Mining.

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