How do I direct deposit using Get Paid in Bitcoin?
Direct deposits using "Get paid in bitcoin", allows you to set a percentage of your paycheck to be direct-deposited into your account as US dollars and bitcoin.
To set up your direct deposit, follow these steps:
When your paycheck is sent, the amount will be deposited into your account (considered a checking account) according to your set bitcoin-dollar allocation percentage, which can be changed at any time. Allocating an amount of your paycheck to bitcoin will act as a bitcoin purchase. Any bitcoin allocation will NOT apply to non-paycheck deposits—they will be received entirely as cash.
Bitcoin trading fees apply when buying bitcoin, but with "Get paid in bitcoin", fees are waived for up to $20k in purchases per month.
If you prefer, you can create a direct deposit PDF form to share with your employer. To do that, tap the “Get direct deposit form” button on the “Direct deposit” screen described in step 2 above. In creating your form, you can set it as a partial direct deposit, so that only part of your paycheck is sent to your Strike account. Ensure your employer supports partial direct deposits before setting a custom amount.
Please note, direct deposits are not part of the deposit limits, meaning you can add cash to your account via direct deposit even if you have reached your existing deposit limit for bank account or debit cards. Direct deposit transfers must be from your employer or a third-party paying you for services.
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