Post
Topic
Board Economics
Re: Is Accepting Crypto Salaries Worth It?
by
0t3p0t
on 16/06/2024, 15:02:27 UTC
I love being paid in crypto. Makes things much easier, you just make the job and receive the payment. No intermediaries.

I received already some payment in crypto for services that I made in the internet, sometimes from people in other countries. This makes payments faster and easier, and even cheaper for me (because bank fees for different currencies are high where I live)

🌧️Hurdles in Crypto to Cash Conversions
Daniel Fayemi, a backend engineer at Bitvavo, said that converting crypto to cash (off-ramping) can be challenging depending on your location. For instance, in the Netherlands, strict regulations limit the amount of money you can move off an exchange without providing personal details.

If you were receiving in traditional payment methods, you would have to give much more personal information
Well yeah this is true and even in a cryptocurrency friendly country like mine I am also having a hard time with withdrawals as there are limits and if local exchanges declared you had a suspicious withdrawal then that is gonna ruin your day since they are going to freeze your funds and will cause delays not unless you are dealing with P2P transactions but if with banks or local e-wallets I doubt cashing out huge amount of money in one transaction.