Help swapping Ethereum to Bitcoin? \ stacker news

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10 sats \ 12 comments \ @NoStranger 8 Dec 2023 bitcoin

Hey, I have a bit of an issue here.

After I asked my client to get paid in Bitcoin he agreed, but he wants to pay me in Ethereum, of course I tried to talk it out but utterly failed with a: "but Ethereum is the best crypto coin out there".

I don't care what he thinks and surely won't try to "fix" him either, I just accepted so I can end the job quickly.

Now the issue is how to swap them, he proposed CoinBase, but sharing my life for a one-time swap is no good for me, does any of you have a way to do it without a KYC?

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51 sats \ 5 replies \ @DarthCoin 8 Dec 2023

https://i.postimg.cc/P5svWyyK/no-soup-for-you-soup.gif

1 sat \ 4 replies \ @NoStranger OP 8 Dec 2023

https://m.stacker.news/7251

Sorry about that 😅, it was that either Shithereum or fiat + taxes.

A swap fee should be much lower than with fiat and I can save on the yearly limit for my country on extra works from other clients without being forced to open a business. 🥲

156 sats \ 3 replies \ @kepford 8 Dec 2023

You know how ETH works don't you? It has worse privacy than bitcoin. Be careful with the tax man. Is it cheaper to pay taxes or spend time in prision?

1 sat \ 2 replies \ @NoStranger OP 8 Dec 2023

I understand, but he's the one evading taxes here, that's why I proposed crypto.

The money comes from mining fees (he's the one mining) and the amount is not much.

I've already made sure with a professional (a friend of mine) that in the worst case, nothing would happen on my end as long as I stay within the amount limit within the year, which I do.

Within a said limit you can work without having to pay any taxes or being a full fledged freelance.

This client already worked with another friend (who introduced me) and he get paid in hard cash (fiat) which seems worse to me.

Previously he paid me in fiat through Revolut with a "Pizza money" transaction, it was a pizza for 10 people though... 🤦 That's why I prefer crypto.

Anyway, as long as it's fiat he's the one in the wrong, I'm not the one evading taxes, it's better for both.

I'll make sure the swap will move only through new wallets, probably it'll be the only money kept in the destination wallet, then I'll just HODL.

1 sat \ 1 reply \ @DarthCoin 8 Dec 2023

Let's clear things up:

paying taxes is a SIN, a direct participation in all the atrocities that a gov will do.
using ETH, in any shape or form is also a SIN...

What options do you have?

1 sat \ 0 replies \ @NoStranger OP 8 Dec 2023

I'm a sinful man. 😎

I'll go with ETH if everything goes well.

Assured it's still a sin in both cases, I'd rather go for at least a gov free option.

30 sats \ 1 reply \ @kepford 8 Dec 2023 freebie

Word of advice. Set your terms with clients before you get paid. And figure this stuff out long before you agree to something. I would never accept a payment in a currency I didn't already have a plan for exchange. And I would know the cost in time and money for the exchange. I've worked with clients for many years and you have to stand your ground. Sometimes large clients have company rules they can't change but that doesn't sound like the case here.

You could charge a fee for the trouble to encourage use of bitcoin for fiat or Eth

1 sat \ 0 replies \ @NoStranger OP 8 Dec 2023

He still haven't paid me yet and I hadn't that great of an experience with this person, he has a business with developers but seek freelancers for working at internal projects, it's messed up pretty bad, almost wanted to drop it after seeing the code.

Also, he's the business owner and he's the one that don't want to pay extra taxes...

I thought of charging more, but I'd rather just end it fast and forget all about that idiot.