Poll: Do you accept/offer cryptocurrency as a payment option? Thread poster: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Do you accept/offer cryptocurrency as a payment option?".
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As far as I know the current banking system doesn't accept cryptocurrencies and my only payment option is bank transfers.
[Edited at 2022-10-19 08:50 GMT]
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Alex Lichanow
Germany
Local time: 08:39
Member (2020)
English to German
+ ...
In fact, I have come to consider everything around cryptocurrencies, NFTs and Metaverse as nothing more than an elaborate scam scheme.
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Lieven Malaise
Belgium
Local time: 08:39
Member (2020)
French to Dutch
+ ...
I haven't got a clue what cryptocurrencies are all about, let alone that I would accept to be paid with them.
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| I don´t need them and don´t trust them, and they are a disaster for the climate | Oct 19, 2022 |
I would not know where to begin with cryptocurrencies, but they are totally unsuitable for the small sums I charge for small jobs.
My bank advises against them, and I do not know how to register them legally for tax purposes.
Quite apart from that, they require enormous amounts of electricity to administer, and in a world that is desperately trying to cut down on the use of fossil fuels, but not succeeding, they look to me like a place to save energy without making life... See more I would not know where to begin with cryptocurrencies, but they are totally unsuitable for the small sums I charge for small jobs.
My bank advises against them, and I do not know how to register them legally for tax purposes.
Quite apart from that, they require enormous amounts of electricity to administer, and in a world that is desperately trying to cut down on the use of fossil fuels, but not succeeding, they look to me like a place to save energy without making life uncomfortable or inconvenient for many people.
As long as heating and air-conditioning in houses and offices are being restricted, and people do not have enough power to cook or heat their homes, I will not use power for a cryptocurrency that I do not need. ▲ Collapse
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Mr. Satan (X)
English to Indonesian
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Kevin Fulton 
United States
Local time: 02:39
German to English
| What would I do with the cryptocurrency? | Oct 19, 2022 |
No shops near me sell crypto food, as far as I know.
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Samuel Murray
Netherlands
Local time: 08:39
Member (2006)
English to Afrikaans
+ ...
No. I haven't been able to figure out how to download money from my wallet back into my bank account. I succeeded in buying bitcoin, and in selling bitcoin to another person (in exchange for goods), but I have no idea how to withdraw it. Although I can buy goods and services with crypto currency, it would not be worth it for me if I can't convert it to actual money.
My wallet is with Bitonic (most other exchanges require a credit card, but Bitonic accepts an IBAN number).
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Samuel Murray
Netherlands
Local time: 08:39
Member (2006)
English to Afrikaans
+ ...
Christine Andersen wrote:
I do not know how to register them legally for tax purposes.
According to my country's tax department, the value of one's cryptocurrency is simply its current value in euro. If I understand correctly, the tax department does not regard crypto as money, but as a commodity, therefore payment in crypto is simply payment in natura.
Whether a client pays you in bitcoin or in sea shells, the tax implications are the same: the value of the sea shells in euro at the moment that you receive the sea shells is considered the amount of money that you received. (That said, if you later sell the sea shells for a profit or at a loss, you may under certain circumstances need to declare that profit or loss.)
For the same reason, although I can invoice in any currency (doesn't have to be EUR), I can't invoice in bitcoin. This means that I would invoice in e.g. GBP, and if the client wants to pay in bitcoin (and if I agree), then he would send me bitcoin worth the GBP amount on the invoice. (And in my financial administration, I would write the EUR value of the bitcoin that I received.)
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Just like I don't accept trade by barter in chicken, sheep or cabbage, to mention a few.
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Why make life more complicated than it already is.
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Metin Demirel
Türkiye
Local time: 09:39
Member (2018)
Italian to Turkish
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| I would but I didn't bother asking | Oct 20, 2022 |
PayPal stopped operating in Turkey several years ago and I haven't been able to collect some small receivables (EUR 5~100, around EUR 800 in total) from various agencies. I expect them to send me more jobs so that the total amount becomes worthy of the bank transfer fees. Some of them didn't send any job my way for the last 2 years. And I didn't bother to ask them to pay with a crypto-currency. I never bothered to set up a wallet for those currencies anyway.
[Edited at 2022-10-20 18:08 GM... See more PayPal stopped operating in Turkey several years ago and I haven't been able to collect some small receivables (EUR 5~100, around EUR 800 in total) from various agencies. I expect them to send me more jobs so that the total amount becomes worthy of the bank transfer fees. Some of them didn't send any job my way for the last 2 years. And I didn't bother to ask them to pay with a crypto-currency. I never bothered to set up a wallet for those currencies anyway.
[Edited at 2022-10-20 18:08 GMT] ▲ Collapse
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Mr. Satan (X)
English to Indonesian
I really want to accept Monero as a payment option. Freaking laws!
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