W2 Crypto Benefit Setup Guide
Connect your payroll provider, enroll employees, and run your first Bitcoin payroll in under an hour.
Explore the W2 crypto payroll benefitSetting up the Bitwage W2 crypto benefit involves three steps from the employer side: connecting your payroll provider (ADP, Gusto, or Rippling), configuring company-level settings, and inviting employees to enroll. The employer-side setup typically takes 30–60 minutes. Employees self-enroll on their own schedule.
Payroll provider connection uses OAuth for ADP and Gusto, and API keys for Rippling. Once connected, Bitwage reads the payroll schedule and net pay amounts. You do not need to modify your payroll configuration — Bitwage operates as a downstream allocation layer that intercepts a portion of each employee's direct deposit before it reaches their bank account.
Employee enrollment is self-service: you send them an invitation link, they create a Bitwage account, set their allocation percentage, configure their wallet or custody preference, and complete identity verification. Most employees complete enrollment in under 10 minutes. First crypto payroll delivery happens on their next regularly scheduled payday.
What Bitwage Handles
- Contractor KYC and compliance verification
- W-8BEN and W-9 collection through self-service onboarding
- OFAC sanctions screening on every payment
- FX rate lock at payment approval
- Local rail routing and settlement tracking
Frequently Asked Questions
Bitwage integrates with ADP Workforce Now, Gusto, and Rippling via payroll system integration. If you use a different payroll system, employees can participate via manual direct deposit routing — though this requires more coordination.
Employer-side setup (payroll integration + account configuration) takes 30–60 minutes. Employee enrollment is self-service and can happen any time before the next payroll cycle. First crypto delivery happens on the next scheduled payday after enrollment completes.
Employees complete standard KYC / AML compliance identity verification: government-issued ID and a selfie for liveness check. This is required by Bitwage's money transmission licenses for converting payroll to crypto.
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