HACKER Q&A
📣 xkeysc0re

Any companies that pay in BTC?


I've interviewed with two crypto marketplace companies and neither of them would pay in BTC. One of the interviewers even laughed when I asked. I'm really intrigued by the crypto space and its future as a currency so I'm curious if there are any companies with BTC compensation, even as e.g. a bonus.


  👤 shoo Accepted Answer ✓
> neither of them would pay in BTC. One of the interviewers even laughed when I asked

this is an entertaining anecdote, thank you for sharing.

wonder if there's a bit of a "there's a gold rush going on, so sell picks and shovels" mindset -- i.e. you don't necessarily have to believe that investing in bitcoin is a good idea to make a profitable living selling bitcoin-related financial services.

there's a pretty big difference in asking for an annual salary of e.g. $100k usd, to be paid in btc at the current exchange rate, versus asking for an annual salary of 2.17 btc (apparently 2.17 btc = $100k usd at time of writing). which one did you ask for?

i personally wouldn't be comfortable signing a 12 month lease where i agree to pay the landlord a fixed amount of btc. i prefer my long-term liabilities to be predictable and boring, not amplified by volatility from speculative asset classes. might be the same for how the company thinks about its labor expenses.


👤 jqpabc123
One of the interviewers even laughed ...

They obviously know something that you don't --- like the fact that you can't pay rent or buy food with BTC --- because (wait for it) --- it's not a real, practical functioning currency.


👤 stenius
I don't have an answer for your question, but I was curious, are you interested in getting paid in BTC at a rate that is tied to the USD or that is negotiated up front based on what the BTC/USD pair is traded at when they sign the offer?

If the former, why not just buy at each paycheck as zepto stated below?


👤 yao420
Friend at coinbase has this option. Said he opted in 20% of his salary in btc.

👤 zepto
Why not just buy btc with each paycheck?

👤 throwaway710614
Use bitwage (https://bitwage.com).

After you open an account they will provide you with bank accounts (ACH and/or Wire with your name) that you can send to your employer, after your employer deposits the money Bitwage will send you the equivalent amount in BTC to your address.

The payment window is usually same to next business day, they also charge a 1% fee for this service, but it's worth it in my opinion, because if you are willing to hold the BTC, the fiat value will keep increasing as BTC continues to rise.

If you need to sell because you need fiat, I recommend using Bisq (https://bisq.network/) and sell small amounts, then replace the BTC amount you previously spent.

Good luck and enjoy freedom/peace of mind.


👤 endisneigh
What’s the purpose of this?

If you believe that at the moment of being paid (in Bitcoin) there’s no arbitrage to be had, then you might as well just take your paycheck and immediately buy Bitcoin.

If you expect them to pay you a fixed salary in Bitcoin given its volatility that’s pretty ridiculous an ask - I’d laugh too.


👤 joshxyz
Chances are you are applying to new players in the market.

I recommend going for employers who got involved in a bit of mining or otc /retail trading, you can even get 100% crypto salary there.


👤 dyeje
Do you mean you earn X BTC/year or $Y/year paid out as Bitcoin?

👤 colesantiago
> One of the interviewers even laughed when I asked.

because it makes no sense, sending money with BTC is like sending cash attached to a carrier pigeon.


👤 smabie
It's common for crypto trading firms to pay in crypto, mostly because they have so much of it sitting around in trading accounts.

👤 speedgoose
But why would you want such a thing ?

👤 AlexITC
iohk.io used to allow that, each month you would invoice your salary, where the company would convert the amount to BTC at market rate, right now, ADA is the only option.

Besides that one, I have only seen companies willing to pay in other coins, most commonly ETH.


👤 quickthrower2
Have fun at tax time!

👤 sua3000
Protonmail had the option early on

👤 jurgenwerk
Kraken offers that.

👤 dyingkneepad
Is that even legal in the place you live? Perhaps they laughed because maybe you're showing your interviewer a lack of understanding of real-world implications of BTC?