Salary in cryptocurrency – News Anyway

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Stories that bitcoin is difficult to withdraw and have nothing to spend have long been out of date. Today, digital coins have become a common payment instrument, and people of different professions around the world receive rewards in cryptocurrency for their work.

In the legislation of each country, certain requirements are prescribed for the minimum wage and the forms of its payment. For example:

In countries that are more loyal to the digital industry, not everything is simple with payments in cryptocurrency either.

Those companies that are not afraid of high volatility and problems with regulators can use digital coins to get rid of high fees for remittances and simplify the reward system for freelancers and remote workers.

Basically, companies that work in the digital industry and receive most of their income in bitcoins or altcoins are switching to cryptocurrencies, but there are exceptions.

Salary is calculated based on the price of the cryptocurrency for a predetermined date and time. Simplifying the math: if a cryptocurrency costs ten thousand dollars, and an employee wants to transfer a thousand to cryptocurrency, then he will receive 0.1.

Those employees who have agreed in advance to sell the cryptocurrency immediately after the accrual will receive its value in regular currency. But if an employee wants to save bitcoins, then over time he can benefit from the growth of the rate.

Employees who keep cryptocurrency with them whether for a day, a month, or longer can lose money. It all depends on changes in rate: a thousand dollars can turn into five thousand, or maybe nothing.

That is why some experts believe that paying salaries in cryptocurrency is akin to gambling.

Godex is a very prosperous, fast and easy exchange service on a market today. You can exchange almost every cryptocurrency here. If you get salary in LTC for example, we can help. You can exchange 1ltc to btc or to any money equivalent.

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Salary in cryptocurrency - News Anyway