Bitcoin Savings Plan
What is a Bitcoin Savings Plan?
The BSP allows you to pay (and match!) your employees in bitcoin. The BSP fits seamlessly into your current payroll and benefits procedure, or can act as a standalone benefit. It allows your employees to turn after-tax compensation into bitcoin that they can hold, sell, or use as they wish.
The BSP is flexible and can be structured to fit your organization’s needs with these options:
- Voluntary contributions
- Employer matched
- Remuneration of staff in bitcoin
How does it Work?
1. Employee enrollment
Employees self-register through an enrolment form provided by Bitcoin Well. The form looks like this.
2. Easy payment and invoicing
Bitcoin Well invoices your organization and debits the payment directly from your account on your predetermined payment date.
3. Bitcoin is delivered directly to employee wallets
On payday, Bitcoin Well sends each employee their bitcoin straight to their own wallet. We handle absolutely everything.
Why the Bitcoin Savings Plan?
Benefits for the employer
- Future-proof your organization by offering this unique benefit to your employees.
- Boost employee participation in employer-sponsored savings plans and encourage younger Canadians to save for retirement.
- Foster a culture of bitcoin literacy within your company
Benefits for the employee:
- Easy, one-time setup
- Adjustable contributions
- Access to continuous bitcoin education
- Reduce the impact of price volatility through Dollar-Cost Averaging (DCA)
What exactly is
Here at Bitcoin Well, we envision a world where future generations have a healthy relationship with money. Everyone deserves to take full ownership and control of their well-th. You own the asset. And the monetary policies should be clear.
And that’s the beauty of Bitcoin. It’s maintained by a decentralized network of users around the world. There isn’t a bank or one person up at the top. It is a system that empowers you—whether you’re an individual or employer helping your team to be in complete control of their finances.
Not all exchanges work this way.
And that’s one reason we’re so passionate about being a non-custodial business. We will help change your relationship with well-th for the better. Here’s a video that explains that. The BSP is your introduction to simple bitcoin investment. As you put bitcoin on the balance sheet, the BSP guides you through the program so you can see the path forward.