How to Get Paid in CHW tokens at Content Hourlies, and Why!?

There is an explosion of digital currencies the world over in different niches. One of the places to use cryptocurrency to get paid is the freelance market. More and more freelancers are enjoying the flexibility and the need for a decentralized payment system.

One of such platforms that have integrated the Ethereum Blockchain in its payment systems is Content Hourlies. This platform has come up with the Content Hourlies Work (CHW) token to help freelancers get paid on time and to reduce fees associated with transactions.

However, accepting payments is a bit of a process, you need to create a wallet, add the token to your wallet, and send those same tokens to an exchange to convert them into dollars, or bitcoin.

Now that the CHW token is almost ready for use on the platform, how can you receive it in your wallet as a freelancer? Let us check out what you need to know and do.

Why Accept CHW Tokens as Payment?

Before we can even check out the process, you need first to understand why it is vital for you to accept payments in tokens.

First, the payment is secure. The tokens are supported on a Blockchain platform that uses multi-level encryption to make sure your funds are very safe.

You don’t have to worry about reversals and chargebacks that are rife with other payment processors. Once the client pays, the money is yours. Using the CHW token shields you from such issues. Once the payment has been made, the transaction is final, and it cannot be reversed.

Additionally, crypto works online, which means there isn’t a third party that controls the tokens, thus no hidden charges at all. The terms of service for this system are clear and simple.

At times, the fees that are charged to transfer money to your account are huge. However, decentralization comes with fewer transaction fees, which means you get 100% of the money that you have worked for, instead of 95% when receiving payments through Paypal.

The transfers are also quick and take just a few minutes. This is different from traditional methods like wire transfers whereby they could take a few days to get to the freelancer.

After implementing the CHW token into the Content Hourlies website, it is imperative that you know how to receive the payments in your wallet.

What Is A Crypto Wallet?

The tokens are like currency, and you need to store them somewhere. If you have used PayPal or any other payment processor before, you had to create an account that held the money you receive. The same concept works for a crypto wallet but in a different way.

A crypto wallet is a piece of software that stores a set of private and public keys that give you the capability to receive and send CHW tokens as well as monitor your balance.

The CHW token is built on top of the Ethereum Blockchain, which means you need an Ethereum wallet to be able to send and receive the tokens. These wallets don’t store currency the way you think; instead what only exists is a record of a transaction that is stored on the Ethereum Blockchain.

The wallet comes with an address, which allows someone to send you tokens. When a person sends you tokens, they are essential to signing off the ownership of the coins in the wallet’s address to you.

There is no actual change in real coins; instead, the transaction is signified to be merely a record on the blockchain, and a reflection of the change in coins in the wallet.

My Ether Wallet

This wallet runs on the cloud and is accessible from a smartphone or laptop in any location. Before you start using the wallet, you need to add the address on the platform (if you already have one) or create a new wallet from the link that will be provided.

Your Exchange Wallet

Cryptocurrency exchanges provide a wallet for their users as well, Content Hourlies can send you your tokens directly to your exchange wallet so that you can immediately trade them for bitcoin, or money. The choice is yours!

Final Words

Take time to understand why you stand a better chance of getting more value for your services when you use the CHW token as compared to traditional payment methods. Once you understand this, have a wallet where you can receive and send tokens. The wallet lets you monitor your cryptocurrency transactions the right way.