Online jobs that pay in bitcoin are a fantastic way to source work from anywhere in the world, building a career or supplementing your existing income with no more than a laptop and an internet connection.
With widespread internet infrastructure and broadband connectivity, accessing many online services is straightforward. We think nothing of video chatting with friends or family on the other side of the world, buying almost anything we want from Amazon and other e-commerce sites, or streaming media on Netflix.
But some areas of life haven’t kept pace with the change. Employment and financial services still tend to follow the old paradigm. It can be difficult to find good freelance jobs online, and time-consuming and expensive to get paid. Jobs that pay in cryptocurrency offer a way to address some of the major problems of working in the online gig economy, and working for bitcoin gives you options over and above using the legacy banking system.
The benefits of bitcoin payments
If you’re one of the majority of people who work for a conventional company, you might wonder what the advantages are of getting paid in bitcoin and other cryptocurrencies. After all, when you work for a company based in your home country – likely attending an office or other workplace every day – there’s no need to use alternative payment systems.
As soon as you work in the gig economy, however, the value of working for bitcoin becomes more obvious. There are a series of compelling reasons why you might search for jobs that pay in cryptocurrency.
- Access all areas. The current banking system makes it (unnecessarily) hard to transfer funds from one country to another. Sometimes it is literally impossible, particularly if one person is unbanked or underbanked – a more common situation than is typically appreciated, even in major economies like the US. Bitcoin is open and borderless. It enables anyone to send money anywhere in the world. It’s just as easy transferring cash to another country or continent as it is sending it to a friend in the same town. That means you don’t have to worry about payments when you’re working across borders. In fact, working for bitcoin opens a truly global labour marketplace to you. You can search for jobs anywhere. It doesn’t matter whether they’re within commuting distance or even in the same country as you!
- Fast, low-cost transfers. Not only is Bitcoin borderless, but it’s extremely fast and efficient to use compared to conventional bank transfers or money transmitter services. Transactions are almost instant – you can see your money is on the way as soon as the transaction has been submitted to the network, and you will typically be able to spend it within a few minutes. Meanwhile, flat fees and terrible exchange rates mean you can lose a large chunk of your pay to the banks if you use normal channels – especially if you’re sending and receiving relatively small amounts.
- Save and invest. It’s easy to store funds in cryptocurrency using various stablecoins, pegged to the dollar, euro or other major currencies. You can also hold funds as bitcoin. If you know what you’re doing, this can be a source of additional revenue or a means of investing for the long term – though of course, like investing in any asset, it also carries risks.
Six websites for bitcoin freelance jobs
There are lots of websites that pay in bitcoin, though a couple of fairly major ones have recently shut down. Freelance jobs can take all forms, from software development to communications, graphic design and other roles. You can find online jobs that pay in bitcoin, as well as other popular cryptocurrencies including ether (ETH) and Dai. If you work for specific blockchain projects, you may be offered pay in the native platform token.
One caveat to bear in mind when looking for jobs that pay in bitcoin is to do your due diligence. When you’re working across borders in the gig economy, there are fewer protections than if you were employed by a company in your own country. A good freelancer platform will mitigate this to a certain extent, though some will unfairly disadvantage freelancers over employers.
Additionally, cryptocurrency transactions cannot be reversed, so make sure you check the legitimacy of any recipient and their address. If you send funds to the wrong person, they cannot be recovered. Make sure that any jobs board provides escrow, to protect your payments, and ideally some kind of dispute resolution process, in case you happen to encounter an unscrupulous employer. (Scams and non-payments give jobs websites a bad reputation, so it’s in their interests to filter out the bad actors and address any problems that do occur.)
With that in mind, here are six websites that provide opportunities to work for bitcoin.