One of the perks that freelancers enjoy is working from home. And for some, it’s a requirement for working remotely. It doesn’t imply you can cut corners on responsibility or professionalism. Many advantages to working in an office environment can reinforce those responsible and professional practices that might get overlooked when working from home.
With the development of Bitcoin, it is now possible to get paid in cryptocurrency rather than traditional cash. This is particularly useful for people who are new to cryptocurrency investing or have been contemplating investing but are unsure where to begin. BitIQ trading robot review may help you learn more about the fundamentals of this famous trading robot, how to invest with confidence, and which coins are worth your time and money. To learn more about the benefits and drawbacks of utilizing the BitIQ trading robot, go to www.bitconnect.co/pt/bitiq/.
5 Pros of Getting Paid in Bitcoin as a Freelancer:
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Reduced Transaction Costs
Since Bitcoin is digital money, it does not have any physical existence; hence, there is no need to pay shipping and handling fees when purchasing Bitcoin. This indicates that you will be able to save money on the transaction fees, which may result in a significant sum of money lost when making payments for overseas transactions.
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Improved Cash Flow
You don’t have to worry about your funds being delayed or misplaced in the mail when you’re paid in bitcoin. There is no need to worry about exchange rates since bitcoin is a worldwide currency, which means you will be paid the same amount no matter where you are (unlike fiat currencies). Bitcoin payments also boost your cash flow since there are no additional fees.
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Tax and Compliance Benefits
Freelancers face a lot of paperwork and red tape. With bitcoin, you’ll spend less time on paperwork and more time on your job. You also don’t have to worry about losing track of government-issued cash.
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Better Future Outlook
Another advantage of Bitcoin is that it has a more steady future than conventional currencies. Inflationary pressures on traditional currencies may result in higher costs for goods and services and reduced investment returns. Since its conception, the price of Bitcoin has stayed relatively low, making it an excellent method to preserve your money against inflation while also protecting your profits from theft or fraud by other parties participating in the transaction process (such as banks).
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Accessibility for International Clients
As a freelancer, one of the main advantages of being paid in Bitcoin is expanding your market to include foreign customers. Many people use cryptocurrencies across the globe, so if you accept Bitcoin payments, you may expect to get customers worldwide. This implies that if you’re looking for a way to get more visibility or generate more money, Bitcoin may be the answer.
2 Cons of Getting Paid in Bitcoin as a Freelancer:
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Bitcoin is Volatile
Bitcoin is a currency that has undergone extraordinary volatility, with values able to rise or fall by hundreds of dollars in days. These price swings have occurred often. If you are paid in bitcoin, you run the risk of seeing a reduction in the value of your holdings if the price of bitcoin experiences a severe decline before you can convert them into conventional cash.
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Limited Access to Goods and Services
You may be paid in Bitcoin since your customer is also, which implies you won’t be able to spend any of your money at the supermarket or petrol station. Instead, you’ll have to convert your Bitcoin into cash to pay for necessities like food and transportation. This might be inconvenient for some individuals, particularly if they need their freelance money to purchase groceries every week or wish to fill up their vehicle before leaving town on vacation.
The Conclusion
Overall, Bitcoin may be a lucrative source of money for freelancers. Accepting this payment is complex, and finding a bank that will handle these transactions might be difficult. You’ll have to deal with Bitcoin, which isn’t always straightforward.
