Top 10 Platforms to Start Receiving Donations with Crypto
1. CharityVest
THE WHAT?
CharityVest was founded in 2016 on the belief that generosity does not have to be difficult and should be enjoyable
Their platform provides tax-deductible giving accounts for individuals and employees, making it simple for everyone to be generous
CharityVest can assist you whether you are looking for a workplace giving solution or simply to set up an account for your own giving
THE WHAT?
One of the simplest methods to begin receiving Bitcoin donations is to use Coinbase Commerce
They are releasing new features for merchants, including the ability to receive cryptocurrency donations from consumers, show applicable disclaimers, gather information from donors, and download collected data
Coinbase will be better able to serve nonprofits, charities, 501(c)(3) organizations, political action committees, and political campaigns as a result of this
3. Every.org
THE WHAT?
All of your donations are in one place and you can donate, share, and learn more about million-plus registered charities on the platform
The good thing about the platform is that everything is in one place so you get one tax receipt at the end of the year and you never miss a recurring donation again
Every.org prioritizes privacy so you don’t have to give a nonprofit your contact information in order to help them
Your donations are safe, encrypted, and protected by Stripe and Plaid, two industry leaders in online payment processing
THE WHAT?
Which provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies, be found by crypto donors, receive funds instantly, and become part of a network of crypto media partners to support their missions
You will be able to donate more, pay less in taxes and receive an automatic tax receipt
Making cryptocurrency donations through The Giving Block is the most dependable way to reduce capital gains taxes while supporting a cause of your choice
5. Engiven
THE WHAT?
Engiven provides an easy-to-use platform for increasing your giving
A donation management platform that offers a complete giving solution for your nonprofit and donors, including automatic conversion to $USD and cold storage custody
Donors can receive real-time blockchain monitoring, email communications, and emailed giving receipts
Automatically generate tax forms for the nonprofit and its donors, including appraisals for donors who give more than $5,000
6. BitPay
THE WHAT?
BitPay are pioneers in developing blockchain payment technology to transform how businesses and individuals send, receive, and store money globally
All in one secure app, you can buy, store, swap, and spend your favorite cryptocurrency
They’ve taken the complication out of working with a new donation method
Their nonprofit tools enable organizations to accept blockchain contributions from supporters around the globe
7. NYDIG
THE WHAT?
NYDIG delivers Bitcoin products across industries, from banking and insurance to fintech and nonprofits, on this solid foundation
To make Bitcoin universal, they combine stringent regulatory standards with unbreakable technology
They make Bitcoin available to everyone
They help businesses create innovative products that get bitcoin into the hands of as many people as possible by fusing the worlds of high-tech and institutional-grade finance
8. Endaoment
THE WHAT?
Endaoment is a new public charity based on the Ethereum blockchain that provides Donor-Advised Funds (DAFs) and Direct Donations to Non-Profits
Endaoment have developed a crypto-native application that allows people to donate their cryptocurrency directly from their crypto-wallet
Its mission is to manage and promote cryptocurrency charitable giving
They’re working hard to create the most secure and user-friendly giving platform for both donors and organizations interested in Decentralized Finance
THE WHAT?
Give more and save more, increase the impact of your donations to your favorite charities by opening a Giving Account
Donate cash, stocks, or other non-publicly traded assets to your Giving Account to receive a tax receipt
You can use the funds in your Giving Account to support 501(c)(3) IRS-qualified public charities
While you’re deciding which charities to support, your donation can grow based on how you tell them you want it invested, potentially increasing the amount of money in your Giving Account
10. WaterAid
THE WHAT?
WaterAid is a global non-profit organization dedicated to ending the global water, sanitation, and hygiene crises for all people everywhere
The crypto community has been vital in assisting us in providing clean, running water to more people
In terms of tax classification in the United States, cryptocurrency donations are unusual
The IRS considers a cryptocurrency donation to be property, thus it is not subject to capital gains tax
This allows donors to reduce their tax burdens while also supporting organizations that they care about
WaterAid is a 501(c) 3 organization based in the United States, and all donations are tax-deductible to the extent allowed by law
REFERENCE
https://blog.every.org/crypto-platforms/#:~:text=Platforms%20like%20Every.org%2C%20The,to%20cash%2C%20and%20issue%20receipts.
https://www.wholewhale.com/tips/how-to-accept-bitcoin-and-other-crypto-donations/
DISCLOSURE:
None of these articles constitute financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.
Please note that the tech industry evolves rapidly and this article's information is correct at the time of publishing. As Heraclitus said, “Change is the only constant”, so if anything sounds old or off please holler on the socials or comment here so everyone stays peeled.
Affiliate links may be included in these articles and signups through these links are highly appreciated. These links support better research and quality writing and help you find the right products with less hassle, so it’s a win-win :) Great care is taken to ensure the links are from authentic, non-spammy sources.
Stay up to date on the latest stories by signing up for the newsletter. Please don’t mark these emails as spam, instead, you can easily unsubscribe.