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How do you get paid from crypto currency?
Workers can be paid in crypto using a number of available services, such as Bitwage, without needing any approval from their employer. But this does come with a fee, which the employee incurs, whereas an employer may offer the option to employees at no extra cost.
Who gets the money when I buy crypto?
If you buy Bitcoins from an exchange like Zebpay or others, your money goes to the exchange. However, if you buy it from a holder of bitcoin by transfer of his bitcoin from his wallet to your wallet, your money goes to him as decided between both of you.
Can your employer pay you in Bitcoin?
The Fair Labor Standards Act requires employers to pay in cash or its equivalent. One could argue cryptocurrency is a legitimate substitute for cash, but without much legal precedent, the Department of Labor may not see it that way. Crypto compensation may also be a headache when it comes time to file taxes.
How do ICOS make money?
Answer Wiki. An ICO, Initial Coin (sometimes replaced with “crypto”) Offering makes money by selling cryptocurrency blockchain tokens in exchange for bitcoin, ether, or regular currency.
What do you need to buy into an ICO?
To buy into an ICO, you’ll need cryptocurrency and a cryptocurrency wallet. Any combination of coin and wallet may be requested for a given ICO. However, in many cases, you specifically need Ethereum (AKA “ether”) and a MyEtherWallet (or a full Ethereum Wallet ). This is because many ICOs are token-based systems built on the Ethereum blockchain.
What is an ICO (Initial Coin Offering)?
An ICO, Initial Coin (sometimes replaced with “crypto”) Offering makes money by selling cryptocurrency blockchain tokens in exchange for bitcoin, ether, or regular currency. This is typically after there is a proof of concept, but before the full product is available.
What is an ICO and how does it work?
An ICO is a type of crowdsale. In an ICO, the startup creates digital tokens that it sells to participants in a crowdsale, usually in exchange for a cryptocurrency like Ethereum or Bitcoin. Once the startup hits its fundraising goal, the tokens are automatically distributed to the participants in the sale.