Post
Topic
Board Currency exchange
Re: Salary paid in crypto. Best practices/services/low fees?
by
Coin_trader
on 29/11/2021, 11:39:24 UTC
My employer has offered to pay me my salary in crypto (BTC/ETH/USDC) but not sure if it's worth it in terms of fees.

I'd like to save part on BTC but will also need the money for normal spending in GBP. So far, I think that getting paid in fiat and buying BTC on an exchange is still cheaper.

Any tips or recommended services to take advantage of crypto by paying as little fees as possible? Maybe there's a solution I'm not seeing?

The fee for depositing fiat to crypto exchange is much higher compared when you sell it because you can always do P2P transaction on Binance without a fee. Your only problem is the volatile value of cryptocurrency, You might get 10% lower of your salary or more if you are unlucky enough to receive your payment on bear season. That's the only risk you are facing but if you choose stablecoins, I think receiving it via crypto is more advantageous for you since you really want to invest on it. Just make sure that the crypto rates that your boss using as reference is on the exchange that you want to sell it.