6 Mind-Blowing Benefits of Accepting Bitcoin As Freelance Pay
By: Ejiofor Francis
Tags: Freelancers, Cryptocurrency, Payment, Bitcoin, Exchange

As a freelancer — whether you’re a writer or a web designer etc., having your money paid in bitcoin has a lot of benefits and opportunities. Usually, at first, you might feel like, “is this for real? I thought it’s play money.”

Niel De La Rouviere, a worker at Buffer, who happens to be one of the first people paid in bitcoin felt the same. “I discovered bitcoin in early 2011. At first, it was something that felt like play money and almost surreal. I didn’t fully understand all the details back then.”

So, if you’re considering this method of payment, here are six amazing benefits of receiving bitcoin as payment.

#1 Bitcoin is a digital money-asset:

One of the amazing benefits of receiving your freelance pay in bitcoin is because btc is a digital money-asset. In fact, several market analysts have proven it to be a speculative investment that significantly appreciates value.

According to Elizabeth McCauley, a Bitcoin Business Development professional: “Bitcoin extends beyond a currency but is additionally a store of value. When individuals have the opportunity to get their salary paid in Bitcoin, they have an opportunity to see their salary grow.”

Averagely, there are over 367,000 Bitcoin transactions done every 24 hours and about $139,823,000,043 worth of Bitcoin in circulation (as at the time of writing). Hence, this makes it more interesting to receive your pay in Bitcoin.

Note: In July 2010, 1 BTC was worth $0.08 but now it’s worth over $7900+ in value (as at the time of writing). Also, if you’re not a crypto market analyst, it is advisable that you convert to your local currency once you’re paid.

#2 It makes online payments easier compared to debit cards:

With Bitcoin, making any form of payment online like B2B transactions, shopping, betting or even booking of hotels is much easier compared to other physical means of payment.

Interestingly, instead of waiting for days or several hours to complete an online transaction with your credit card, Bitcoin eliminates such inconveniences by completing your e-transactions super-fast.

#3 Bitcoin is super fast and easy to receive from a foreign country:

Some freelancers in some countries are limited to the use of PayPal and its likes to receive payments from foreign countries. As a matter of fact, this limitation has not just caused many freelancers the opportunity of not working with clients abroad, it has also delayed their payment.

But with Bitcoin, it’s super fast and easy to receive your pay from foreign countries. All you have to do is to set up a Bitcoin wallet which will only take a few minutes, then send your address to your client to receive your money with ease.

#4 Bitcoin can easily be converted to your local currency:

The possibility of converting Bitcoin to your local currency makes it more interesting for freelancers to receive Bitcoin as payment.

After receiving your BTC from your employer, carefully research on reliable Bitcoin exchangers around your local vicinity. You can also find someone in your local area to engage a peer-to-peer transaction with.

Note: Beware of scammers and do your research before selling out your BTC. And if you’re not sure of the person you want to have a peer-to-peer transaction with, sell to a trusted family member.

#5 Bitcoin can be used as an international currency:

One of the most interesting things about Bitcoin is its global recognition and usability. As at the time of writing, Bitcoin is present in 140 countries, and there are also over 38 million wallets in use.

Ubiquitously, there is no doubt that the transformative development and global usability of bitcoin are gradually changing the world’s finance sector. So, if you’re a freelancer that loves traveling and you find yourself in a country where your fiat currency is useless, you could easily sustain yourself with bitcoin.

#6 Bitcoin requires no paperwork while setting up an account:

This is one of the most intriguing benefits of receiving BTC as freelance pay. Filling and filing of paperwork to receive payment is just too much work for freelancers because it consumes their time.

According to Benjamin Franklin, “Time, they say, is money.”

While traditional methods of receiving payment from employer involve a lot of tedious and complex registration processes, setting up a bitcoin wallet requires no stress at all.