Donating Bitcoin and other Crypto Currency
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, require valid personal billing information and can be compromised while cryptocurrency do not have personal or billing information attached to the payment.
Three, join the growing trend and support a cause you care about. In the last few years, cryptocurrency donations have been on the rise. Hundreds of millions of dollars of crypto have been donated to many charities in North America. According to some estimates, six hundred million dollars worth of crypto have been donated to US charities alone.
We at Charity Exchange can help you donate Bitcoin, Ethereum, and other Cryptocurrency to any charity in Canada, USA and Israel. Charity Exchange connect donors with charities across the globe. Our Donor Advised Fund can help any donor donate crypto to any registered charity (in the countries we operate in). When you open a Donor Advised Fund account, you can fund the account with cryptocurrency and gift the converted fiat currency to any registered charity.
To learn more how Charity Exchange can help with crypto donations visit the Donate Crypto FAQ page.
*For tax or legal advice regarding cryptocurrency donations (or any other donations) and their tax status please consult with your attorney, accountant, or financial advisor.
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