Charity is an area in which huge sums of money are involved. However, today this sphere faces many barriers: lack of transparency, expensive international payments, security issues, and many others. Blockchain and cryptocurrencies help to solve these problems in part. And this is not even the future of the industry, but its present, since today many nonprofit organizations and individuals are open to accepting donations in cryptocurrency.
Key Points:
- Donations in cryptocurrency are a brand new way of successful fundraising, which carries undeniable advantages.
- With the popularization of cryptocurrencies, the volume of crypto donations is growing at an exponential manner.
- NOWPayments offers several tools for accepting crypto donations.
Why accept Bitcoin donations
Cryptocurrency has confidently entered our lives and the sphere of charity is no exception. If a few years ago cryptocurrencies were treated as Monopoly money, today it has become quite obvious that such a financial instrument can bring much more advantages. There are many reasons why you should consider accepting Bitcoin donations. Among the crucial ones:
- Low fees
Why overpay on the high fees that are levied on bank payments? Transactions on the Bitcoin network are cheap, which means that you will be able to raise much more funds for your Great Cause. - Tax deduction
In some countries, cryptocurrency is regarded not as capital, but as property. That is, donations in Bitcoin are tax-deductible. - Micro donations
Surely your committed audience is ready to donate for a Creat Cause, but not everyone is able to make donations of a large volume, and spending a small amount on frenzied bank fees is not that pleasant. With NOWPayments, your donors will be able to make the most minimal donations. - Attracting a new audience
Bitcoin has a multimillion army of adherents, so the acceptance of BTC donations by their favorite blogger is exactly what will stimulate them. - Without borders
Cryptocurrency has no restrictions. Send any amount, to any part of the world with NOWPayments — fast, cheap, and safe. - Privacy
Not everyone wants to disclose their personal data, even in the case of donations. Cryptocurrency payments are the key to privacy that everyone has been looking for. - Increase in profit
In addition to the fact that fees are reduced, and more donors are attracted (which already increases the profit), Bitcoin is also an excellent investment tool.
Crypto donation volume is constantly hitting new heights
Accepting BTC as a donation is certainly very important for webmasters and blog authors, as more and more people are switching to online payments in cryptocurrencies. The barrier between countries is removed, the process becomes more understandable. Commissions for services, currency conversion problems, and so on go away. Plus, familiarization with the same technology makes the author and the reader even more connected, as if adherents of the same idea. It is thanks to the popularization of cryptocurrencies that the level of crypto donations is growing. The Giving Block reports that more than $300M is donated every year in the form of cryptocurrencies. And every year the amount of donations increases. Many charities such as Save the Children, Fidelity Charitable, AfricAid, and many others accept crypto donations. Even the well-known educational resource Wikipedia does not lag behind the trend and allows users to make donations in cryptocurrency. Other non-profit individuals, such as streamers and bloggers, are not far behind. For the most part, their audience is millennials, who mostly know and use cryptocurrencies as a means of investing, paying, and donating. And since there are more and more successful crypto investors every year, the volume of crypto donations increases accordingly.
Who donates Bitcoin to bloggers
Crypto investors are most often people from 18-40 years old who are open to new virtual and digital technologies, that is, they are technically savvy. Many of them, having invested in cryptocurrency, are rewarded with capital gains and tend to donate their crypto gains to causes that they consider important. One of these reasons is the support of their favorite blogger.
Everyone knows that high-quality content requires a lot of investments: cameras, scenery, advertising, and other pitfalls. But if you shoot useful and unique content, then you probably have a loving audience who will be only too happy to donate funds for the development of your channel. Exactly your audience is the potential donors.
So…how can bloggers boost their popularity because of Bitcoin donations
NOWPayments is a non-custodial platform that allows you to receive crypto donations directly to your wallet. We provide the lowest fees, as well as the minimum donation minimums so that everyone can feel involved in the case. Moreover, we offer an automatic crypto-to-fiat conversion feature. With our service, you can accept donations using various tools: widgets, buttons, and links. For owners of their websites, tools such as donation widgets or buttons fit perfectly. For those who have placed their blog on such popular platforms as YouTube, Twitch, Twitter, and others, NOWPayments provides donation links. Just choose one of the tools and enjoy the smooth acceptance of donations. No overpayments, no chargebacks, no security issues.
Conclusion
Cryptocurrencies are being actively introduced into all spheres of our life. And for the sphere of donations, this financial instrument is most welcome. With the introduction of crypto as a method of fundraising, non-profit organizations and individuals can significantly increase profits, attract a new audience, protect themselves and donors, as well as ensure the smoothest, fastest, and most cost-effective fundraising.