How To Donate Cryptocurrency To Charities In 2021?

Not everyone’s assets are in money, stocks, bonds, mutual funds or tangible assets. In 2021, cryptocurrency is becoming increasingly popular with everyone wanting to invest in various crypto. In fact, as of writing this article, around 13% of US citizens have traded or bought cryptocurrency in the past year. When you compare that to the 24% of Americans who bought stock in that same time period, it’s fairly easy to see that this trend has no signs of slowing down anytime soon. With so many people around the world owning this digital asset, many have wondered whether they can use cryptocurrency for charitable donations. In this article, we will explore how to donate cryptocurrency to charities in 2021.

How To Donate To Charities Using Cryptocurrency

So can you donate to charity using cryptocurrency? The answer is yes and no. Yes being that some charities and charitable organisations will allow cryptocurrency as a form of donation and no because many others either won’t or are not set up to receive these types of donations. It can also depends on the type of crypto that you want to donate. Unfortunately, cryptocurrency have been the target of scams in the past couple of years with thousands upon thousands of people losing money thanks to fake coins. Understandably this means that many non-profits prefer to stay clear of assets which they don’t know or understand.

The good news is that there are many charity foundations such as ourselves who do accept cryptocurrency, which will allow you to donate to any registered charity in any part of the world we operate in. In fact, by using our platform, you will be able to make charitable contributions globally using crypto while still receiving a tax deductible receipt. This works by converting your cryptocurrency into fiat currency, which can be added to your Charity Exchange digital wallet and then used for charitable donations. To do this, all you need to do is create an account with Charity Exchange, go to your Wallet and select Add/Deposit Funds. Then select Deposit Crypto and the type of cryptocurrency you want to deposit and, if accepted, we will covert this to fiat currency.

Whether through us or another charity foundation, keep in mind that not all your cryptocurrency can be accepted as an asset. As mentioned, spam cryptos are on the rise and lesser known coins can be unstable and full of risks. That is why here at Charity Exchange we currently only accept a few cryptocurrency including Bitcoin, Ethereum, and USDC, with a preference for USDC as it’s considered the most stable. If you own any of these cryptos then you can easily sign up with us and start donating to charities around the world with your cryptocurrency. Please note that the conversion from cryptocurrency to fiat currency can take up to 24 hours to process. We also do not incur any deposits or mining fees when adding cryptocurrency to your wallet.

For more information on donating to charities using cryptocurrency, then please visit our Donate Crypto FAQ on the matter. If you would like to sign up to Charity Exchange so you can donate to non-profits in Canada, USA, and Israel, then be sure to sign up right here.