Cryptocurrency reshapes the global economy and provides financial freedom to everyone. The sphere of donations is no exception. More and more charitable organizations accept crypto donations, various platforms that allow crypto tips are successfully functioning, and political campaigns collect private donations. What benefits crypto donations bring and who can accept them, find out in today’s article.
Key points:
- Cryptocurrency is an effective tool for fundraising.
- Crypto donations benefit charities, politicians, and universities.
- NOWPayments provides easy-to-use crypto donation tools.
Ways crypto benefits fundraising campaigns
Accepting borderless donations
Cryptocurrency is becoming a favorite financial tool largely due to its borderless nature. Crypto allows for reshaping the economy and enabling financial transactions even among the unbanked.
Thus, cryptocurrency allows you to organize truly effective fundraising since your donors will no longer be burdened with geographical limits. Anyone who feels involved in your Great Cause can donate the amount directly to your wallet.
Establish a trusting relationship with your donors
Despite the privacy, crypto transactions are transparent. The blockchain stores the entire transaction history, time, amount, and addresses of the sender and recipient. This way, you will never have misunderstandings with your donors. At any time, your donors can check how much money you have raised and how much you have spent.
This feature makes crypto donations a great way to establish trusting relationships, as well as to expose you as an honest person or organization that is completely open to its donors.
Collect funds faster
For sure, if you organized a fundraiser earlier, you faced lengthy transfers or even freezing of funds. In cases where fundraising is organized to save lives, every minute counts, and it is unforgivable to waste precious time solving the issue with banks.
In turn, cryptocurrency allows you to make peer-to-peer transactions that are many times faster than banking. Some cryptocurrencies allow you to make money transfers in a matter of seconds, still regardless of your location.
Allow your donors to donate more
Unfortunately, traditional methods of transferring funds impose large fees and burn most of the donation amount. Many donors lose motivation due to the fact that they do not see the point of making donations if the lion’s share of the funds goes into the pocket of intermediaries.
In this path, cryptocurrency is a perfect donation tool that allows you to significantly reduce fees and, in some cases, even enable near-zero fees. In addition, cryptocurrency enables users to send micro amounts, allowing everyone to become involved in your mission.
Do not deprive donors of the right to privacy
Nowadays, the issue of privacy is extremely acute. Many donors do not want to disclose their personal information not only for personal purposes but also because of the risk of financial fraud.
As you understand, it will not be possible to preserve privacy with the help of traditional financial structures. Banks know everything about us: name, phone number, address, and much more. On the contrary, cryptocurrency allows you to send and receive crypto donations without revealing your name, age, or nationality.
Who can accept crypto donations?
- Charities benefit greatly from fast borderless crypto donations. In addition, the crypto community, which consists of more than a billion people from all over the world, is distinguished by its penchant for philanthropy and often donates funds to aid Great Causes. Thus, donations in cryptocurrency are the best choice for charities where every penny and minutes count.
- Politicians can also benefit from private and transparent crypto donations. Crypto donations will help your political campaign to remain transparent and open, as well as attract contributors from all countries. Moreover, cryptocurrency allows donors to maintain their anonymity, which is especially important in the field of political donations.
- Musicians, writers, artists, bloggers, and streamers have long realized all the advantages of crypto donations. Accepting crypto as donations allows you to expand your reach and create an image of a person who keeps up with the times. In addition to such benefits as privacy, speed, and the absence of intermediaries, crypto donations allow you to send small amounts without worrying about fees. For creative people, crypto donations are a huge incentive to implement their ideas and a chance to tell the whole world about themselves.
- Universities can also benefit by giving their donors the opportunity to send crypto donations. With cryptocurrency, you can organize effective and transparent fundraising for the reconstruction of buildings, facilities upgrades, support for low-income students, various scientific research, and much more. Everyone can become a contributor, regardless of their place of residence.
- Entrepreneurs can organize effective fundraising for the implementation of their projects or business ideas. If you want to implement some really worthwhile startups, you can raise funds from interested parties. In the end, everyone will benefit, sponsors will receive the finished product, and you will implement the project without any loans.
How to receive crypto donations?
NOWPayments is a leading crypto payment provider that allows you to accept donations in 100+ coins. You just need to choose the integration method that best meets your needs and start accepting fast, secure, and transparent crypto donations:
Donations widget allows you to organize fundraising in more than 100 coins without leaving your page. The widget can be placed on your web page in just a few clicks.
Donation button can be easily added to your website or Twitch. By clicking on the button, the user is redirected to the confirmation page, where one can select any of the supported coins, specify the donation amount, and send funds.
Donation link is the perfect tool for social media users. With NOWPayments, you can easily generate your custom donation link and post it on your YouTube, Facebook, and TikTok or send it directly to your donors. To generate a link, you need to perform several steps:
- Sign in to your NOWPayments account.
- Navigate to the “Store Settings” section.
- Specify your crypto address and generate an API key.
- Navigate to the “Donations” section.
- Enter a catchy name for your link and click “Save”.
- Copy the link and post it everywhere you want or send it directly.
Conclusion
NOWPayments is a non-custodial crypto payment provider that allows you to explore all the benefits of crypto donations. Our service supports more than 100 coins, allowing your donors to make donations in the cryptocurrency they love. In addition, NOWPayments is characterized by extremely low service fees, easily integrated tools, willingness to develop custom solutions, and 24/7 technical support.