The power of crypto: Why you deserve to get paid in digital currency
Are you looking for a new way to receive payments for your goods or services? Have you considered getting paid in cryptocurrency? There are many benefits to receiving payments in cryptocurrency whether you are a freelancer, an employee, or a business owner, including faster and cheaper transactions, increased security, and greater control over your funds.
One of the biggest advantages of getting paid in crypto is the speed of transactions. Cryptocurrency transactions are usually completed within minutes, whereas traditional bank transfers can take several days to process. This means you can access your funds more quickly, which can be especially important if you need to pay bills or cover unexpected expenses.
Another benefit of getting paid in crypto is the security of your transactions. Cryptocurrencies are encrypted and decentralized, which means they are more secure than traditional payment methods. Unlike credit cards or bank accounts, your crypto wallet cannot be frozen or seized by a government agency or financial institution. This makes it a safer option for those who value their financial privacy and want to protect their assets.
We have also found out that depending on your country, you have the option of getting higher returns when you sell your crypto for your native/local currency rather than directly converting a foreign currency (through a platform like PayPal or Wise) to your native currency. For example, at the time of writing, the current rate for USD to NGN rate is 460.5, but in Binance you could sell the same amount of USD with the rate of 744.5! (That’s a 61% increase!) We observed that this is the case for a lot of currencies world wide. Coinfella is in the process of releasing a calculator to figure out the rates for your native currency! (follow us on twitter to know when we release)
When you get paid in cryptocurrency (we recommend using Stablecoins to get paid), you also have the option to hold onto your funds as an investment. Many cryptocurrencies have seen significant increases in value over time, providing you with potential long-term gains.
To get started receiving payments in cryptocurrency, you’ll need to set up a cryptocurrency wallet. There are several types of wallets, including exchange wallets like Binance and Coinbase, self-custody wallets like Metamask and Phantom, and hardware wallets like Ledger.
If you’re concerned that your payers may not be knowledgeable or aren’t interested in cryptocurrency, you can use our platform at Coinfella. Coinfella allows payers to use their credit or debit cards to pay you in cryptocurrency, so you can receive the benefits of cryptocurrency without having to educate your customers or clients.
Getting paid in crypto offers many advantages over traditional payment methods. With faster transactions, enhanced security, and lower fees, it is a smart choice for anyone looking to simplify their finances and maximize their earning potential, by using a service like Coinfella and setting up a cryptocurrency wallet, you can start receiving payments in cryptocurrency today and potentially get higher rates for the same amount of money!
Join our waitlist for free premium when we launch! — coinfella.io
