Crypto Payout Benefits

You might wonder why you should choose to get paid in cryptocurrency over traditional banking methods. We are passionate about crypto and the privacy it offers, and we believe you will be too. Explore the various use cases and benefits of cryptocurrency here.

Our Tax Strategy For countries

Doing it the right way + mixing up

UK

We recommend taking full advantage of your tax-free allowance of £12,570 from April to April. Additionally, by deducting your business expenses, you can maximize your earnings while recovering some of your expenditures. Consider earning the remainder of your income in cryptocurrency, using a defined wallet that isn't connected to any KYC (Know Your Customer) processes or other wallets with KYC until April, then repeat the process for the new tax year.

EU depending on country - Country

Maximize your tax-free allowances and reduce your taxes by consulting with a tax accountant. If you don't have a tax-free allowance, make the most of your deductions by subtracting expenses such as electricity, WiFi, phone bills, and lighting from your profits. Additionally, consider using cryptocurrency to further optimize your financial strategy.

UAE

As a non-resident, you are exempt from all personal income taxes, allowing you to receive payments via bank transfers without any tax concerns. Additionally, you can benefit from market opportunities without incurring capital gains taxes. However, you may need to have certain structures in place to fully utilize these advantages.

USA + Others

Maximize your tax deductions by including expenses such as bills, WiFi, phone, and lighting. Use cryptocurrency to earn income within decentralized wallets that don’t require KYC (Know Your Customer) verification. Avoid transferring funds to centralized exchanges or platforms and refrain from selling your crypto for direct cash use. Instead, utilize services like Bitrefill to buy gift cards and prepaid cards, or explore other platforms that facilitate peer-to-peer transactions, such as Paxful. Additionally, consider making deals with other crypto enthusiasts to exchange cryptocurrency for cash or services directly.

Privacy, Security and Control No Governmental Control Inflation protected depending on what coin.

Achieving full control over your finances marks the beginning of true freedom, without nosy government oversight or stringent regulations dictating your transactions. With cryptocurrencies, you enjoy heightened security compared to traditional banks, provided you safeguard your seed phrases and avoid suspicious links or divulging personal details. Opting for non-inflationary coins like

Bitcoin (with a capped 21 million supply),
Bitcoin Cash
Pax Gold (tied to gold prices)
Litecoin

further solidifies your financial autonomy and stability.

Taxes

Receiving cryptocurrencies in a decentralized wallet without KYC provides a level of anonymity that can effectively exempt you from income taxes since the source of funds remains undisclosed. However, caution is necessary when transferring to centralized exchanges, as transactions can be traced back to you. Ideally, maintain multiple decentralized wallets to enhance privacy. Notable DeFi wallets include

Trust Wallet
Ledger
Trezor Wallet\
Exodus Wallet
Nexo DeFi Wallet
MetaMask.
Uniswap

To mitigate capital gains taxes, consider utilizing crypto lending programs like Nexo. With these programs, you can spend crypto or obtain loans against your holdings without incurring taxes on capital gains. By using the credit card or loan to transact and paying off debts with crypto gains, you avoid triggering capital gains taxes. This eliminates the need for tax filing, accountant hiring, or stress associated with traditional tax procedures.

For centralised crypto lending platforms, options include

Nexo (UK and EU only)
YouHodler (EU Only)
Binance (EU only)
KuCoin (EU only)
ByBit (EU only)

These platforms offer additional avenues for managing your crypto assets and financial obligations while minimising tax implications.

Decentralised Payments (goods services)

When it comes to shopping, whether in-store or online, consider using gift cards purchased with cryptocurrency. It's a 100% anonymous method that bypasses KYC requirements, making spending crypto hassle-free. However, this approach may not suit those needing to cover larger expenses like rent. Your spending strategy should align with your goals and priorities. Additionally, explore peer-to-peer transactions with trusted parties. By avoiding KYC processes, you safeguard your privacy, as government access to your wallet records and transaction history is restricted. Remember to keep your wallets separate for added security.

Market Opportunities

Consider holding your funds in popular cryptocurrencies like Bitcoin, Ethereum, or other major altcoins. You can leverage various opportunities for potential value appreciation. Exchange them for stablecoins to secure profits during market fluctuations. Timing is crucial—buying during dips and riding potential bull runs can be profitable. Afterwards, swapping to stablecoins can help lock in gains. Additionally, explore staking options to earn interest on your crypto through numerous DeFi projects. Visit Stable.fish for potential options and further information.

for safe Stablecoin interest use

AAVE
Compound Finance