Group of five healthcare professionals standing outside a building, smiling, with some wearing scrubs and stethoscopes.
Group of construction workers walking on a construction site during the daytime, wearing safety vests, helmets, and safety gear, with cranes and building framework in the background.
A diverse group of five young adults standing together indoors, smiling, with some holding a smartphone and a laptop.
Group of five diverse coworkers smiling and laughing together in an office.
Three firefighters standing in front of a red fire truck outdoors during daytime, wearing protective gear and helmets.
Six diverse young adults standing together in a modern office space with exposed brick walls and black pendant lights, smiling at the camera.
Group of seven diverse warehouse workers and managers standing with crossed arms inside a large storage facility with stacked pallets wrapped in plastic. Team that gets paid in bitcoin wages.
Group of five professional adults smiling in a business setting, holding documents and electronic devices, in front of large windows with a cityscape outside. Individuals that DCA bitcoin each payday.
Group of six students standing in front of a chalkboard in a classroom, holding notebooks and smiling at the camera. Teachers that understand bitcoin and teach their students about how to save bitcoin.

OUR MISSION

To make bitcoin accessible for everyone…..

  • Any Australian, Any Industry sector - You can now get some of your wages in Bitcoin.

  • Protect your family and business from inflation and cost of living increases.

  • Start your bitcoin journey with as little as $10 per week

  • The basis of all of our conversations. Bitcoin is the software protocol that runs this new financial system.

  • So, we have the Bitcoin protocol, and within this protocol we have the concept of a unit of account within the ledger system that is Bitcoin. These units of account are individually called bitcoin and there are 21,000,000 bitcoin within the Bitcoin financial system.

  • As discussed above, bitcoin is the unit of account within the Bitcoin system. Each bitcoin can be split into individual units, a bit like cents in the dollar, but bitcoins are divided into units called satoshis and there are 100,000,000 satoshis per bitcoin.

  • This is a term you may see within the bitcoin space. It’s a bit of a meme and a play on words.

    As there is a big tendency for people to hold bitcoin for the long term, this term sprung up when hold was mistyped once on a forum, and it stuck. So a HODLer is someone that buys bitcoin and holds it for the long term.

  • Within Australia, Bitcoin exchanges are regulated by AUSTRAC to ensure that they provide a minimal level of compliance with anti money laundering and counter terrorism funding rules.

    To ensure we comply with these rules, we must know who we are dealing with when exchanging dollars into bitcoin. To achieve this, we complete a short ‘Know Your Customer’ (KYC) process to validate your identity against your government issued identification documents.

  • Within Australia, Bitcoin exchanges are regulated by AUSTRAC to ensure that they provide a minimal level of compliance with anti money laundering and counter terrorism funding rules.

    To ensure we comply with these rules, we must know who we are dealing with when exchanging dollars into bitcoin. To achieve this, we complete a short ‘Know Your Customer’ (KYC) process to validate your identity against your government issued identification documents.

  • This is a term used on the Get Paid In Bitcoin platform. A custodial address is one that GPIB provide to our customers to ensure a quick setup in the event that they do not have a bitcoin wallet or address.

    A custodial address is an address that is owned by GPIB and is within the GPIB wallet.

    A client with a custodial address can access their funds at any time by entering their own personal bitcoin address in the GPIB portal and moving the funds (we call it a sweep) to their new address.

    In this circumstance, the funds are totally under the control of the client. Clients must ensure they have the relevent backups and access control to their wallet to keep their funds safe.

  • This term is used for Dollar Cost Averaging.

    DCA is a concept where a person makes an investment into bitcoin (or other investments) in a systematic way over medium to long periods of time.

    If you had $1,000 to invest, you may opt to invest $100 per week over a 10 week period rather than investing $1,000 in one investment.

    DCA has many proponents due to its effectiveness over the long term. By reducing the emotional aspect of investing and putting in a small amount frequently, customer can often get a better return over the long term.

  • This is a slang term thats often used interchangeably with the term ‘dollar cost average’ or DCA.

    It refers to stacking satoshis. ie adding to your savings as a lot of our clients do every payday.

Bitcoin is new, innovative, non intuitive and full of customer words that the average person has never heard of.

We hear you - You want normal language in a format that you understand, but from time to time, we will use words that don’t quite make sense - This list is here to help.

Remember, the word ‘Bitcoin’ had never even been said before 2009, and now it’s become the core of our financial lives.

Any terms or descriptions you would like added to the list? email us info@getpaidinbitcoin.com.au

Lingo, Definitions and Abbreviations

Sign Me up!

It seems like forever that one of the core peices of financial advice was to pay yourself first. With GPIB, your sending yourself bitcoin before any other outgoings, ensuring that you don’t forget to save. And who to better explain this habit than Tony Robbins - PYF

The big WHY?

Pay yourself FIRST

Bitcoins ‘Power Law’

There are expectations from a wide variety of industry experts that the dollar price of bitcoin will continue to rise by 20% to 30% per annum.

This equates to approximately ~0.09% per day.

This makes every day important. If you can get bitcoin on pay day, you are closer to your goals already.

This post by @david_eng_mba explains in further detail - X Post - Bitcoin Power Law

Cost of Living

Increasing prices seem to be a part of everyday life. But they don’t benefit everyday Australians.

SBS have even made a site that shows current news about the rising cost of living - https://www.sbs.com.au/news/topic/cost-of-living

Bitcoin is a way to escape this. With a capped supply, bitcoin is a beneficiary of an increase in the money supply.

Note - We do not have any affiliations with the authers of the above links.

This information is for reference only and should not be considered financial advice or a prediction of the future bitcoin price.

Pristine Collateral

Due to it’s limited supply, global nature and instant verification, bitcoin has often beeen referred to as ‘pristine collateral’ by Michael Saylor - Watch this 30 minute video to gain an insight into the future of finance with Bitcoin at it’s core.

Michael Saylor (Strategy) - https://www.strategy.com/

Our work speaks for itself

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Our work speaks for itself —