With the crypto space gaining worldwide recognition and becoming a favorite for many people, charitable giving via crypto is now a popular choice for many organizations. Today, some of the most reputable charitable organizations in the world including the Red Cross accept crypto donations. Crypto donations are equally beneficial to donors. Due to the security, anonymity, and transparency blockchain technology provides, individuals can donate crypto without any fear or concern. If you are seeking how to donate crypto to charity, read through this guide to learn the steps to take.
What are the benefits of donating crypto to charity
Before you learn how to donate crypto, you deserve to know some of the advantages of donating crypto to charity. Below, we’ve highlighted some of the most notable benefits of crypto donations:
1. Crypto offers privacy
It is no news that the majority of donors have concerns about data privacy and security breach concerns when it comes to giving donations. All of these issues are addressed by cryptocurrency since blockchain technology offers users privacy, anonymity, and security. Hence, with crypto, it is possible to donate without your data or personal profile getting breached. So you can donate to a cause you care about without giving out your personal information.
2. Crypto donations are generally cheaper for organizations to accept and process
Donations made with your debit card are likely to attract more processing fees than crypto donations, thereby reducing the actual amount that charitable organizations receive. It is better to donate crypto to reduce the transaction fees charged, as this increases the actual donations charitable organizations receive.
3. Speed and security
Donating cryptos directly to organizations just takes a few minutes. This basically means that the transaction is instant and you can almost immediately confirm that your gift has been duly received.
This method is faster than conventional credit/debit card payments, which generally take a few days after you initiate the transaction to process and clear.
Also, crypto transactions are extremely secure because blockchain ledgers depend on networks of thousands of fast computers for their verifications.
Which nonprofits accept crypto?
Dozens of organizations around you now accept crypto donations. So whether you’re seeking to support charity initiatives around early childhood education, clean water, clean air, or human rights, there is definitely a suitable one for you:
1. Red cross
With an impact felt in practically every country in the world, the International Red Cross and Red Crescent network is arguably the largest humanitarian network. For people interested in giving to this network, it is now possible to send your donations in crypto. However, the Red Cross accepts only Bitcoin as a crypto donation.
2. Electronic Freedom Foundation
The Electronic Freedom Foundation (EFF) is an initiative that was established in 1990. The organization aims to defend civil rights and freedom in the digital world. Essentially, the foundation works to ensure that technology supports justice, freedom, and innovation for everyone around the globe. This initiative currently accepts crypto donations in Bitcoin, Bitcoin Cash, as well as Ethereum.
3. Freedom of the Press Foundation
The Freedom of the Press Foundation is a humanitarian organization that was established in 2012. It aims to fund and support freedom of the press and freedom of speech. Anything pertaining to public journalism will be protected by this organization. The Freedom of the Press Foundation currently supports crypto donations and accepts donations in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, as well as ZCash.
4. GiveCrypto.org
GiveCrypto is a non-profit organization that distributes cryptocurrency to people in need around the world. The initiative was launched by Coinbase cofounder, Brian Armstrong in 2018 and has successfully distributed more than $300k worth of cryptocurrency to more than 5,000 people in different countries globally. GiveCrypto.org currently accepts donations in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, as well as USDC.
5. Internet Archive
Internet Archive is a non-profit organization that functions as a digital library. This library offers free universal access to a wide range of books, movies & music, and billions of archived web pages. Also, they accept crypto donations to support their initiative. If you wish to donate, you can donate to this cause in Bitcoin, Ethereum, Bitcoin Cash, XRP, and even ZCash.
6. Greenpeace
Greenpeace is a multinational and independent campaigning non-profit organization. Basically, this organization exposes global environmental issues and promotes solutions for them using peaceful protest and innovative communication. Greenpeace currently accepts Bitcoin donations.
7. Rainforest foundation
The Rainforest Foundation is an initiative that toils endlessly to secure the due land rights for the indigenous people of a community. Basically, this organization uses technology to help indigenous communities protect their forests and natural habitats. They currently accept Bitcoin, Ethereum, Bitcoin Cash, and also Litecoin.
How to donate crypto
Here are the basic steps to follow if you want to donate cryptocurrency to any non-profit organization:
1. Visit the organization’s website and tap on the “donate” button
2. Choose the kind of cryptocurrency you would like to donate and the exact amount you wish to donate
3. Enter your personal information (you can also decide to donate anonymously)
4. Input your email address to receive receipt (optional)
5. Lastly, send the funds to the wallet address shown on the screen from your Bitmama wallet
How to send crypto with Bitmama
Follow the steps below:
1. Download the Bitmama app, register, and login to your Bitmama account. Proceed to complete the verification process up to level 3.
2. Select “Wallet” at the bottom menu of your screen and navigate to “Crypto Wallet”
3. Select the wallet you wish to send from and click “Withdraw”
4. Provide the website’s crypto wallet and withdraw the amount of crypto you wish to send directly to the wallet
5. Lastly, click “Withdraw” and the website will instantly receive the crypto
How will my crypto donation be used?
Organizations will use your crypto donations for the exact cause you gave it. Fortunately, most non-profit organizations offer their donors transparency when it comes to this. So as a donor, they will keep updating you on how they spend your donation.
Now that this guide has taught you how to donate crypto in just five steps, it’s left for you to identify a charitable cause that you really care about and donate to it. While some organizations accept other kinds of cryptocurrencies, the most widely accepted cryptocurrency is Bitcoin. So if you plan to donate crypto regularly, you should also consider investing in Bitcoin to make the process more seamless.
Bitmama offers a secure marketplace for crypto enthusiasts. Perform activities like crypto trading, and creating virtual dollar cards for online payment. Get started today by downloading the Bitmama app.
