Originally published on September 27, 2022 and updated on March 7, 2025

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Imagine waking up to find your paycheck is worth 20% more—or 20% less. Depending on where it falls, it can either lead to a frown or a smile. That’s the reality of getting paid in Bitcoin.

The idea of earning Bitcoin is not new. Since Hal Finney received the first 10 bitcoins from Satoshi, recording the world’s first Bitcoin transaction, its user cases have expanded to include salary payments. In recent years, high-profile figures like NFL players and politicians have opted to receive payments in BTC, showcasing its appeal. For example, New York City Mayor Eric Adams publicly accepted Bitcoin payroll options in 2021.

Are you wondering how you can get paid in Bitcoin?

 If yes, one way is to understand the pros and cons of getting paid in Bitcoin. 

Let’s break it down.

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Key takeaways

• Getting paid in Bitcoin offers several advantages: decentralization and autonomy, lower transaction costs, the potential for appreciation, global accessibility, and increased privacy and security.
• Some cons include Bitcoin’s volatility, limited acceptance, regulatory uncertainty, complexity, and security risks.

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This guide breaks down the key points to decide if it’s the right move for you.

✅Pros of getting paid in Bitcoin

Bitcoin isn’t just another way to get paid—it has some unique advantages that fit the digital, borderless economy we’re moving toward. Here are some pros: 

Decentralization and autonomy

Unlike traditional currencies, Bitcoin is not controlled by banks or governments. This means:

• There are no middlemen and no surprise freeze on your account.
• When you get paid in Bitcoin, you own your funds outright—there is no waiting on banks or third-party approvals.
• Full ownership of your funds without third-party interference.

For people in countries with unreliable banking systems or inflation-prone currencies, Bitcoin can serve as an inflation hedge.

Lower transaction costs 

If you’ve ever been charged outrageous fees for wire transfers, currency conversion, or payment processing, you’ll appreciate this. 

Traditional banking systems take a cut at every step, but Bitcoin transactions usually cost much less. 

Since Bitcoin works on a peer-to-peer network, there’s no need for banks or payment processors to take a percentage of your hard-earned money.

Bitcoin is particularly beneficial for freelancers, remote workers, and global businesses. Consider, for instance, a freelancer in Kenya—they would save so much money if they were paid in Bitcoin rather than through wire transfers, which consume up to 6.65% of their payment in fees.

Potential for appreciation

Bitcoin isn’t just a currency—it’s also an investment. Its value has skyrocketed over the years, and while prices fluctuate, many believe it will continue to rise in the long run.

Your earnings could grow significantly if you’re willing to hold onto your Bitcoin instead of cashing out immediately. Of course, there’s risk involved (Bitcoin’s price can be a rollercoaster), but the potential for appreciation is one of the biggest reasons people choose to get paid in crypto.

Global accessibility

Bitcoin works the same way no matter where you are, making it an attractive option for people in countries with unstable currencies or limited banking services.

Getting paid in Bitcoin means receiving money from anywhere without worrying about exchange rates, bank restrictions, or slow international transfers. This is a massive advantage if you’re a freelancer working with clients worldwide. 

For example, a remote worker in Nigeria can receive Bitcoin payments from a company in Canada without worrying about exchange rates or slow international transfers.

‼️Regulatory note: Using Bitcoin is illegal in some countries, including China and Saudi Arabia.

Privacy and security

Bitcoin transactions are recorded on a public blockchain, but they’re pseudonymous—your details aren’t attached the way they are with bank accounts or credit cards.

That means more privacy when you’re sending or receiving payments. Plus, Bitcoin’s cryptographic security makes transactions tamper-proof. For example, when receiving paid freelance work, you can provide your Bitcoin address instead of your bank account details, reducing the risk of exposing personal financial information.

❌ Cons of getting paid in Bitcoin

Whereas Bitcoin has advantages, it also isn’t devoid of disadvantages. From volatile price fluctuations to ambiguity in law. Here are some of the potential issues you can encounter while taking payments in Bitcoin.

Volatility and price fluctuations

Bitcoin’s value can jump or drop dramatically in a matter of hours. One day, your paycheck could be worth more than expected; the next, it might be worth significantly less. This volatility can be stressful if you rely on a stable income to cover your expenses. 

For example, If you get paid 0.1 BTC when Bitcoin is $50,000, your paycheck is worth $5,000. If Bitcoin drops to $40,000 the next day, your paycheck is now worth $4,000.

Limited acceptance

Despite growing adoption, Bitcoin still isn’t something you can use to pay rent or buy groceries at most places. You’ll likely need to convert it into regular money at some point, which often comes with fees and delays.

 For example, while some online retailers like Overstock accept Bitcoin, your local grocery store or landlord. This will necessitate the need to exchange Bitcoin for local fiat. This extra step may  cause inconviniences.

👉Related: Practical Uses of Cryptocurrency in Everyday Life

Regulatory and legal uncertainties

One of the biggest headaches with Bitcoin is that governments are still figuring out how to handle it. Some countries welcome it, others have strict regulations, and a few outright ban it.

• Tax implications: Some governments classify Bitcoin as income, others as an asset, leading to different tax obligations.
  • For example, in the U.S., the IRS treats Bitcoin as property. This  means that  it’s subject to capital gains taxes when sold.
• Cross-border issues: If you’re working internationally, varying regulations can create legal and tax complications.

Lack of technical skills

Cryptocurrency is not as simple as maintaining an everyday bank account, with all the organizing done for you by banks As a bitcoin holder, you must understand digital wallets, private keys, and blockchain basics to manage your funds securely.

This isn’t a big deal for tech-savvy users, but the learning curve can be steep if you’re unfamiliar with cryptocurrency. And if you ever need to cash out, using a crypto exchange can be confusing and time-consuming, with extra steps that traditional banking doesn’t require. 

For example, setting up a hardware wallet and understanding how to properly store your private keys can be daunting for someone unfamiliar with cryptocurrency.

Security risks and scams

While Bitcoin is secure, storing and using it can make you a target, for example:

• If you lose access to your wallet or fall for a scam, your funds are gone for good—there’s no bank to call for a refund.
• Hacking, phishing scams, and fraudulent exchanges are common in crypto. There are also plenty of too-good-to-be-true investment schemes that trick people into handing over their Bitcoin. If you’re not careful, you could lose everything in seconds.

🔐Learn how to secure your hard-earned Bitcoin: 10 Tips For Securing Your Bitcoin Wallet

💼Jobs where you can get paid in Bitcoin

Now that we’ve covered the pros and cons let’s talk about where to earn Bitcoin as part of your paycheck. 

While it’s not mainstream just yet, specific industries have fully embraced cryptocurrency salaries. Here are some of the most common ones. 

Cryptocurrency industry jobs

Unsurprisingly, companies in the cryptocurrency space are the biggest adopters of Bitcoin salaries. Many businesses in this industry offer employees the option to be paid fully or partially in Bitcoin. If you’re working in crypto, it just makes sense.

Common roles include:

• Bot developers – These programmers create automated trading bots interacting with crypto exchanges, executing trades based on pre-set algorithms.
• Project managers – Oversee blockchain projects, from launching new cryptocurrencies to building decentralized applications (dApps).
• App developers—Build apps on blockchain technology, such as crypto wallets, trading platforms, and NFT marketplaces.
• Crypto consultants—Advise businesses, startups, and individuals on navigating the world of cryptocurrency and helping them integrate blockchain solutions into their operations.

Professional athletes

In the sports world, Bitcoin salaries are catching on fast. More athletes are choosing to convert portions of their paychecks or endorsement deals into cryptocurrency, seeing it as both an investment and a way to promote financial freedom.

A few high-profile names leading the way:

• Russell Okung (NFL) – In 2019, the offensive lineman famously tweeted, “Pay me in Bitcoin.” Later, he made it happen by converting half his salary into BTC.
• Saquon Barkley (NFL): The Giants’ running back started accepting his endorsement money in Bitcoin and partnering with Cash App to make it happen.
• Trevor Lawrence (NFL) – The No. 1 pick in the 2021 NFL Draft signed an endorsement deal with Blockfolio (FTX) that paid him in Bitcoin.
• Cade Cunningham (NBA) – Like Lawrence, the Pistons’ star rookie partnered with Blockfolio (FTX) and got paid in Bitcoin for his endorsement deals.
• Lionel Messi (Soccer): When Messi joined Paris Saint-Germain (PSG) in 2021, the club’s fan token, $PSG, was part of his signing bonus.
• Aaron Rodgers (NFL) – The Packers quarterback took part of his salary in Bitcoin through a Cash App deal.

Technology industry

The tech industry has understandably taken a more progressive stance regarding Bitcoin salaries. It might be the proximity to the community, but the industry generally has responded positively to developments made on the Bitcoin blockchain. Examples of jobs in this industry include:

• Web developers
• Software developers
• Social media managers
• Content creators
• Virtual assistants
• Translators

Strategies for balancing risks and rewards

Getting paid in Bitcoin offers many advantages, but it also comes with risks. The key is to find a balance—maximize the benefits while managing the risks. Here are some tips: 

•  Comply with the law: Regulations change constantly, and what’s allowed today might not be tomorrow. Keep yourself informed about the rules in your country (and anywhere you do business). Consulting a financial or legal expert who understands crypto can save you from unexpected tax bills or legal headaches. A little planning now can prevent big problems later.
• Lock down your security: Crypto is a prime target for hackers, so protecting your Bitcoin is non-negotiable. Use hardware wallets or trusted software wallets, enable two-factor authentication (2FA) on all accounts, and stay sharp against phishing scams. And whatever you do, don’t lose your private keys—without them, your Bitcoin is gone forever.
• Plan for Bitcoin’s volatility: If your income depends on Bitcoin, consider cashing out a portion regularly to ensure financial stability. This protects you from sudden price drops while letting you benefit if Bitcoin’s value rises over time. Think of it like dollar-cost averaging but for your paycheck.
• Get professional advice: Not all financial advisors understand crypto, but finding one who does can be a game-changer. If you’re serious about using Bitcoin as part of your income, it’s worth getting expert guidance.
• Don’t put all your eggs in one (crypto) basket: Bitcoin’s price swings can be brutal, so relying entirely on it for income can be risky. A smart approach? Diversify.

Practical steps for receiving Bitcoin payments

Getting paid in Bitcoin doesn’t have to be complicated. It doesn’t matter if you’re a freelancer, a business owner, or just testing the waters of crypto payments. Setting up a smooth and secure system takes a little planning. Here’s how to get started:

1. Set up a Bitcoin wallet

First things first: you need a Bitcoin wallet. Think of this as your digital bank account for storing, sending, and receiving Bitcoin. There are different types to choose from:

• Mobile or desktop wallets – Easy to use but more vulnerable to hacks.
• Hardware wallets – The most secure option, ideal for long-term storage.
• Web wallets – Convenient, but you’re trusting a third party with your funds.

Pick the one that fits your needs, but whatever you do, secure your private keys—lose them, and your Bitcoin is gone for good.

2. Obtain your Bitcoin address.

Once your wallet is ready, you’ll get a Bitcoin address—a long string of letters and numbers that works like a bank account number. When you want to get paid, you’ll share this with clients or customers.

3. Choose a payment processor (optional)

A Bitcoin payment processor can simplify things if you run a business or handle frequent transactions. Services like BitPay, OpenNode, or BTCPay Server can:

• Generate invoices
• Convert Bitcoin to cash automatically
• Keep track of transactions for tax purposes

It’s not essential, but it can save you a lot of headaches—especially if you don’t want to deal with price fluctuations.

4. Create and share invoices.

Send an invoice instead of a Bitcoin address for a more professional touch. A simple invoice should include:

• Your Bitcoin address or a QR code for easy payment
• The amount due (in BTC or fiat, with a real-time conversion)
• A description of the service or product
• A due date

This makes it straightforward for the sender and avoids confusion about how much Bitcoin to send.

5. Verify the payment

Bitcoin transactions are recorded on the blockchain—a public ledger that ensures transparency. Once a payment is sent, you can track its progress using a blockchain explorer (just search your Bitcoin address to see incoming transactions).

• Pending? It might take a few minutes (or longer if the network is busy).
• Confirmed? You’re good to go!

It’s wise to wait for multiple confirmations for larger payments to ensure the transaction is fully verified.

6. Implementing security measures

Security is paramount when handling Bitcoin. Several measures can enhance protection against theft or fraud:

• Two-Factor Authentication (2FA): Enabling 2FA adds a layer of security to the wallet.
• Regular backups: Regularly backing up wallet data ensures recovery in case of hardware failure or data loss.
• Use of strong passwords: Passwords should be complex and unique, avoiding easily guessed information.

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