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Crypto payroll: Pay your employees in Bitcoin

Bitcoin payroll is a set monthly deduction from employees’ net salary to purchase Bitcoin

*There are risks involved in crypto. Here’s how we protect our customers:

Mode Business | Payroll

What is Bitcoin?

Bitcoin is the biggest and most adopted digital asset. It's increasingly being used as a store of value, and has grown impressively over its 13 year history so far.

Why Bitcoin Payroll?

Provide your employees with an automated way to buy Bitcoin.

A convenient & trusted solution for employees to average out their Bitcoin purchases

Position yourself as a forward thinking employer and stand out among competitors

Attract new recruits & retain loyal employees by offering a unique payroll solution

Offer a unique & innovative payroll solution to your clients

Be among the first payroll providers to offer Bitcoin salaries

Attract new clients looking to pay their employees in Bitcoin

Interested in Bitcoin payroll?
Want to find out more?

Mode makes Bitcoin Payroll easy

Mode Business | Trusted UK Bitcoin wallet for your employees

A trusted UK Bitcoin
wallet for your employees

Mode Business | FCA, EMI and Cryptoasset Registration

Only LSE listed company to hold an FCA, EMI and Cryptoasset Registration

Mode Business | Bitcoin paid straight into wallet

Bitcoin paid straight into your employees’ Mode wallet

How would Bitcoin payroll have performed historically?

Based on a £100 monthly purchase of Bitcoin*

Bitcoin Payroll start date

From 1st Jan 2021

From 1st Jan 2020

From 1st Jan 2019

Number of months




Monthly deduction




GBP Total




BTC Total

(purchased on 1st of month)




BTC Value Today

(in GBP)




Return %




Return £




* Calculations done on 02/02/2022

Want to know more?

Why Bitcoin?
Bitcoin was the best performing asset of the last decade according to Messari Research. Bitcoin created a unique class of digital asset. It has a fixed, unchangeable supply - a maximum of 21 million coins - and fewer and fewer bitcoins are produced as time progresses. It’s this hard limit on Bitcoin supply that has likes the of JP Morgan noting that, institutional investors are starting to see it as a “better inflation hedge than gold.”

In contrast, central bank currencies (called “fiat”) like the Pound, the Euro and the US Dollar are losing value every year. If you saved £1000 in 1990, today it would only buy you £437 of equivalent stuff today because of inflation.

Governments through their central banks can, and do print as much money as they like, and there is no limit to how much a fiat currency can be inflated. Buying a small amount of Bitcoin every month is one way of gently exposing yourself to Bitcoin.
Why Bitcoin Payroll?
One challenge for Bitcoin buyers, especially those who are not experienced traders, is trying to second-guess the volatility of the Bitcoin market and timing to “buy the price dip.” “Dollar Cost Averaging” is one technique aimed at addressing this uncertainty. So what is Dollar Cost Averaging? Firstly it has nothing to do with Dollars 🤑 - but the idea originated in the US. What it means is a periodic purchase of small amounts of Bitcoin at regular, predetermined intervals to smooth the volatility in a very dynamic market. It’s an effective, low admin way of building long term holdings, without the stress and guesswork of aiming to time the market.

By allocating a portion of your pay to Bitcoin, you not only tap into the digital asset marketplace with low friction and a secure, trusted Financial Conduct Authority registered wallet; you tap into a time-tested strategy, building up your savings muscle over time.
Is Bitcoin a scam?
JPMorgan Chase & Co analysts have said bitcoin’s value could rise to almost $150,000 over the next decade, while Mike Novogratz at Galaxy Digital has forecast a valuation of $500,000 by 2024. Naysayers claim bitcoin is literally worth “nothing”, while enthusiasts say the value of one bitcoin is far higher than the approximately £43,000 ($57,000) the cryptocurrency has traded at recently. At present, the market capitalisation of Bitcoin is just north of $1 trillion, making it the most valuable cryptocurrency.
Why Bitcoin vs other cryptoassets?
The success of Bitcoin has led to the launch of many alternative cryptoassets. While some of these are finding their place in the new digital asset world, Bitcoin is the only digital asset to have crossed the divide to become a nationally adopted currency benchmark, plus it is the prime institutional grade crypto considered for safe custody. Bitcoin is decentralised and evidenced in an immutable public ledger which means it’s tamper-proof. Owned by nation states, pension funds, banks and public companies alike, Bitcoin’s protocol (the blockchain) has withstood every attack and attempt to subvert its mission for the last 13 years.
How does it work?
  1. Opt in with your employer - Choose a monthly amount to receive in Bitcoin and contact your HR department to opt-in.
  2. Download the Mode app and create an account - Create an account with Mode in minutes. This is where your Bitcoin will be deposited every month.
  3. That’s it! Just set and forget - See your Bitcoin coming in every month - automatically deducted from your net pay.
How much are Mode trading fees?
We charge a flat 0.99% transaction fee for Bitcoin buys. Unlike most companies offering recurring buys, we don’t charge additional fees for automatic purchases, making our solution a sensible Bitcoin purchase strategy.
Is Bitcoin really volatile?
It really is! But, whether or not it is too volatile depends if you bought when the market was high or low and a realistic view on the longer term prospects for Bitcoin. Its upward trend since 2009 has secured it’s place as the best performing asset of the last decade. Who knows what 2022 will bring? We recommend Mode customers do their own research and decide if buying Bitcoin suits their needs. Coindesk explain here why they view Bitcoin volatility as a feature, not a bug.
Is Bitcoin bad for the environment?
Mode is committed to ensuring you can invest in Bitcoin safe in the knowledge you are not harming the environment. To ensure we do this, Mode have signed up to the Crypto Climate Accord committing to net-zero emissions from all crypto-related activity by 2030 - and we are already on our way.

It’s also worth considering that over 76% of Bitcoin mining uses renewable energy in its energy mix and close to 40% is purely from renewables.

What’s more, this number is set to grow with Bitcoin mining moving en masse from fossil fuel-based operations in China, and with organisations like the US Bitcoin Mining Council paving a clear path for divestment from fossil fuels.
Will I owe any tax on my Bitcoin Payroll?
Bitcoin payroll is calculated as GBP deducted from your net salary which is taxed at source as income and only then converted by Mode into Bitcoin, which means you have no additional payroll tax worries around the purchase of Bitcoin. To find out more visit the HMRC website /publications/tax-on-cryptoassets.
Who is Mode?
Mode is the all-in-one UK app to buy, earn & grow Bitcoin effortlessly. Our trusted, simple and secure platform allows people in the UK to start their Bitcoin journey. We are listed on the London Stock Exchange, and are a licensed and FCA registered platform. Mode users can buy, store and manage their Bitcoin with trust.
Is Mode safe?
Yes we are! Mode is one of the few Financial Conduct Authority (FCA) registered cryptoasset firms and we have taken measures to secure and insure (up to $100M) our cold wallet treasury with Bitgo, a leading institutional digital asset custodian.

T&C's apply (all relevant T&C’s if/where applicable). Fibermode (trading as Mode) is authorised and registered by the FCA as a Cryptoasset firm (FCA 928786). Bitcoin is not a specified investment under the Financial Services and Markets Act 2000 (FSMA). Funds received by us in relation to cryptocurrency transactions will not be safeguarded (under the UK Electronic Money Regulations 2011). Bitcoin is not regulated in the UK. We cannot and do not guarantee the timeliness, accuracy or completeness of any information (whether pricing, exchange rate or otherwise) provided in connection with Bitcoin.

The value of Bitcoin can go up or down (or can drop to zero), and there can be a substantial risk that you lose money. No FSCS/FOS protection. If you have reason to complain, your complaint will not be within the jurisdiction of the Financial Ombudsman Service (FOS). Capital gains may attract CGT. 18+ UK residents only. KYC required. See our customer protection:

Mode Business | Payroll

It’s time to start your Bitcoin Payroll journey


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