If you use Bitcoin to pay for any type of good or service, such as two pizzas, this will be counted as a taxable event and will incur a liability. 3. Converting between cryptocurrencies . The rules here differ by country, but in the U.S. exchanging one crypto for another (e.g. BTC for ETH) is counted as a taxable event. You will be liable for any capital appreciation. This is calculated ... The Binance Employees prefer getting paid in crypto according to the CEO of the exchange Changpeng Zhao as we are reading in the BNB news today.. Changpeng Zhao (CZ) elected not to comment further about the exact percentage of Binance employees that prefer getting paid in crypto rather than fiat but he said this is a result of a change of workplace culture. Since suddenly showing its face in mid-2017, Binance has rapidly risen from irrelevance to legendary status within the crypto ecosystem. Many would even liken the startup’s glorious rise to the shape of a hockey stick. And interestingly, unlike its brethren in Huobi, ShapeShift, among other industry groups, the crash of Bitcoin has done little to deter Binance’s efforts, nor its profits ... A free inside look at Binance salary trends based on 2 salaries wages for 2 jobs at Binance. Salaries posted anonymously by Binance employees. Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Following the recommendations from his new colleagues, Dennys used Binance to receive his first salary in Bitcoin. To his surprise, on the same platform, he could sell his crypto to exchange for Argentine pesos and pay for his rent and everyday expenses.But, the most attractive aspect for him was to be able to send cryptocurrencies to his family in Venezuela in Bolívares without any fees. “Just one of the interesting things @cz_binance told me this week at LCX event: 90% of Binance employees choose to receive their salary in BNB tokens. Smart people.” Smart people.” BNB is the token of Binance , which is also referred to as Binance Coin, and it is presently the largest exchange for cryptocurrency in the entire world.
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