How to live if you charge in cryptocurrencies? We tell you

The way in which a person charges his work in cryptocurrencies can be a little complicated by the processes that this entails, since it is required to make a conversion to fiat currency.

Source

Unfortunately, digital assets have not had a mass adoption, and there are not enough businesses that accept them as a payment method, at least for now. Therefore, those who receive their fees in a cryptocurrency, should be clear about how to pay for daily items and pay monthly bills as well.

Finding merchants that accept cryptocurrencies directly is an option to buy products for daily use, and it is not impossible, impressively there is always something that adapts to the needs of people.

Many of the most popular digital resources have online directories that show a list of merchants and their locations. For example, enthusiasts of any cryptocurrency can get into the network and search Google which stores of which cities accept cryptos as a form of payment. With a simple click on your preferred search engine, you can find a directory of merchants for cryptocurrencies such as Dash, Monero, Bitcoin, Ethereum, etc.

Another way in which you can live with cryptocurrencies is by selling them to people in p2p exchanges like Localbitcoins.com, or the various exchanges available online. However, the vast majority of online exchanges require certain security processes, such as identity verification, telephone number, address, etc., to comply with the KYC and AML modalities.

This process could take only two minutes or it could take weeks depending on the exchange and how busy they are, and some may deny it for specific reasons. Bittrex, for example, which is not an exchange, has had problems due to the time it takes to verify the identity of its users.

However, after completing all these steps, selling cryptocurrencies is very simple and most exchanges are quite intuitive. It is important to bear in mind that when you sell in an exchange, the income is being exposed to a third party, they can even ask you if you have paid your taxes to continue using your services.

One of the most common ways to live from an income in cryptocurrencies is the use of debit cards that allow holders to buy things where they accept Visa or MasterCard.

This is possible because there are debit cards with cryptographic infusion provided by companies such as Wagecan, Bitpay, Shift (Coinbase), Wirex and many more. Most of these cards support several of the most popular cryptocurrencies, and by using them, users can pay bills or buy virtually anywhere.

These cryptocurrency financial instruments are used as a common debit card after loading some of your digital assets to have the credit balance.

Another good way to start receiving payments in cryptocurrencies is to discuss it with colleagues who already have experience in the subject. They may tell you some good tricks of the cipher trade so you can move into the digital age.

Yes, it seems complicated and maybe it is a bit. But it is not impossible nor does it require great efforts. The most friendly countries with crypto, such as Switzerland or some regions of the United States, are definitely the most suitable scenarios for living digital assets.

Its good reception simplifies and saves many processes to the "crypto-remunerated" worker. Meanwhile, in smaller or developing countries, it is more common for those who charge in digital currency to have to resort to an exchange.

Source: news.Bitcoin.com