Let's figure out whether the law allows the self-employed to accept payment for their services in crypto coins
Technically, everyone can use crypto processing. The main thing is that your jurisdiction allows it
Current business trends drive many specialists into self-employment. Self-employed individuals in Russia and other countries work independently without forming a company or registering as an entrepreneur. Such professionals play a key role in the economy, providing goods and services to both individuals and businesses. Online payments help self-employed expand client bases, work with more than one client, complete orders remotely, and reduce paperwork.
Law on Self-Employed and Cryptocurrency
Can individuals receive digital currency transactions? In Russia, law does not allow self-employed people to accept crypto directly from clients for goods or services. Digital assets are not recognized as official payment between individuals and companies. Still, professional income tax payers in Russia may handle digital transactions, paying 6% tax on income from coins. Restrictions apply: they cannot resell coins, and from 2025, mining by thus people is banned.
Other countries where business and private specialists can legally accept digital currency — such as Estonia, Germany, Switzerland, Portugal, Singapore — regulate use of digital assets by their own rules. When planning crypto processing, check local regulations and be sure this type of online transaction for professionals is allowed in your country or for your business.
Cryptocurrency Benefits for Self-Employed
Using digital coins as a transaction option provides:
- Convenience, flexibility for receiving digital currency transactions and managing income
- Accepting online payments globally without banking limits
- Fast settlements, low transaction costs
- No need for bank info or business bank accounts
- Freedom from strict payment system checks
Advantages of Cryptadium for Self-Employed
- Low fees — transactions cost less than bank transfers.
- Access to new clients from different countries — global operations, no borders.
- Data, operations security — crypto processing uses current security standards, privacy by design.
How to Connect Cryptadium Crypto Processing
- Registration
Sign up as a merchant on Cryptadium and create an account for private self-employment money management.
- Profile Setup
Open a wallet (if needed), link to your account to automate coin acceptance. Add a wallet for each coin you plan to receive. Withdraw funds anytime.
- Website or Platform Integration
Choose from widget, API, plugin, or direct links. Even basic programming skills are enough to set up digital operations on a site for the self-employed. Links can be sent via email, messenger, or social media.
Receiving and Processing Crypto Operations
Cryptadium lets self-employed people receive digital coins and track payment status online. Use the personal account for invoicing, automated alerts, and processing. Clients enter only an email address; no extra personal data is needed. For asset management, swap receives coins to stablecoin or use "Sell" to convert for the best price.
Tax and Legal Aspects
Self-employed accepting digital money for services must keep detailed records for taxation. Create contracts or agreements in electronic or paper form — this proves transaction legality for authorities and helps with recordkeeping. Cryptadium’s operations analytics section aids accurate reporting for self-employment, taxable income, and financial records.
Common Mistakes and Prevention
- Wrong or missing wallet for an accepted coin
- Amount errors in direct payment links
- Inaccurate coin income records for tax reports
To Avoid Issues:
- Before accepting payments, add wallets for every coin to your profile
- Check operation data before sending pay links
- Use Excel exports and consult with an accountant to prevent tax penalties
Online transactions through Cryptadium help self employed work securely and efficiently, with low fees and almost no paperwork. Try Cryptadium crypto processing to scale your practice, receive payments for goods and services from around the world, and keep assets and transactions safe, even as crypto regulations shift.
Join Cryptadium now — get new business opportunities with this leading payment acceptance platform!
Lilia Andrushevskaya
Cryptadium Expert
