The top 3 benefits for donating cryptocurrency to charity. One, the tax benefit. Donating cryptocurrency such as Bitcoin, Ethereum or Litecoin and other cryptocurrency to registered charities and non-profit organizations is tax deductible. In addition, in some instances there may be no capital gains tax on cryptocurrency and can help donors reduce their tax obligations. Two, it is simple and easy. Donating cryptocurrency is simpler than donating with a credit card or other methods of payment. Credit cards for instance,