Receiving organizations typically pay less in transaction fees for crypto donationsĬrypto donations remain private (if you want them to be)ĭonating crypto is also an excellent way to keep your donation anonymous. The less money an organization pays in fees, the more it keeps to support its mission. If made in Bitcoin instead, the very same donation would only carry a transaction fee of around $5 (based on an 1% transaction fee typical of BitPay transactions). On a $500 donation, that means $17.50 eaten up in credit card fees alone. Typical processing fees for nonprofits can be 3.5% or higher on donations made with credit cards. Sure you can always donate with a credit or debit card, but there’s a compelling case to be made that donating crypto is a better choice on both sides of the transaction. More of your donation goes to the cause, not payment processing It’s in that same spirit of giving that has seen charitable groups around the world helping those in need receive millions in crypto donations over the years. One of the crypto industry’s grandest ambitions is to create a more equitable financial world through the low-cost transfer of value across borders, helping lift the unbanked out of poverty and bring more people into the global economy.
As a nonprofit/charity, how can we accept crypto donations?.Nonprofits that accept crypto donations.
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How to donate crypto to charity and nonprofits.Ahead, we’ll go into detail about some of the biggest advantages of donating cryptocurrency to charity, how to actually make your donation with crypto, which charities accept it and some important tax benefits to be aware of. With how popular crypto has become, some of the world’s biggest nonprofit charitable organizations have begun accepting donations in cryptocurrency, from the Red Cross to the Rainforest Foundation.
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