The crypto charity sphere has expanded significantly in recent years. As a result, more and more organizations are open to accepting crypto donations, and the crypto community is one of the most active contributors. In this article, we invite you to find out why it is worth helping non-profit organizations and how it can be done.
Key Points:
- NOWPayments provides convenient and effective tools for collecting donations.
- You can donate cryptocurrency via various specialized platforms.
- If you don’t have free funds, you can contribute in other ways.
Why do I need to help charities?
To feel important
Donating to charity is a significant mood booster. Knowing that you are helping others gives you tremendous opportunities and, in turn, can make you feel happier and more fulfilled. In addition, research has revealed a link between donating to charity and increased activity in the area of the brain that controls pleasure, proving that, as the old saying says, “Giving is loftier than receiving”.
To gain strong values
Having the ability to improve other people’s lives is a privilege for many, and it has its own sense of duty. Responding to these powerful feelings of responsibility is a great way to reinforce our values and feel that we live consistently with our own ethical beliefs.
To give an example
Your charitable donations can inspire your surroundings to follow in your footsteps. In addition, collective donations can strengthen relationships through a common goal and raise more funds than would be possible alone.
To create a positive image
Any charitable activity creates a positive image for those engaged in it. This is especially important for companies and organizations seeking to become better in the eyes of their customers and employees. Moreover, it can significantly strengthen the morale of your employees because they will feel part of something bigger.
To stand out from the competition
Businesses that make charity donations look better in the eyes of customers and partners. This helps them stand out from the competition and attract more customers. In addition, you can donate to causes that are related to your business. For example, if you own an animal store, you can donate funds to shelters. This “trick” is used by many crypto-related companies, such as Shiba Inu, Poodle, Pitbull, or Bored Ape Yacht Club.
To reduce taxes
Business owners can get significant benefits from their philanthropic activities. Of course, this is not the main reason to become a charitable contributor, but it is still a considerable advantage. However, you should follow the legal provisions regarding tax deductions in order to organize everything correctly.
How can I help charities?
NOWPayments Donation Widget
With the NOWPayments donations widget, you can easily set up fundraising for the charity of your choice. You can add a donation widget to literally any website or platform. For this, you will need to complete just a few steps:
- Log in to your account.
- Generate an API key and specify the recipient’s wallet.
- Input your API key into the code snippet.
- Embed the code into your website.
- Receive cryptocurrency as donations.
Your audience can donate any cryptocurrency supported by NOWPayments. In order to contribute to a Great Cause, users do not even need to leave the page. Everything is simple, accessible, and understandable, therefore effective.
NOWPayments Donation Buttons
Business owners can easily accept cryptocurrency as a donation using the donation buttons. Moreover, bloggers, YouTubers, streamers, and others can directly add the NOWPayments donation buttons to Twitch, YouTube, Facebook, or other services. In order to set up the acceptance of crypto donations via the donation button, you may follow the instructions below:
- Navigate to the “Account Settings” section and generate a new API key.
- Go to the “Donations” section and select the button style that suits you.
- Paste the code anywhere on your website.
- Accept more than 100 cryptocurrencies as a donation.
Your audience will be able to donate in the blink of an eye. In addition, do not forget that by organizing fundraising for charity, you improve your image in front of competitors and customers.
NOWPayments Donation Link
If you earn your living by running a YouTube channel or blog on Twitter or Facebook, then you can set up to accept crypto donations via the NOWPayments donations link. Being an active philanthropist, you not only help make this world a better place but also expand your audience. In order to set up the acceptance of donations via the donation link, it is enough to simply follow a few steps:
- Enter the recipient’s wallet address and generate an API key in the “Account Settings” section.
- Navigate to the “Donations” section.
- Create your personalized donation link and a customized URL.
- Save the link and send it to your friends, or post it on any social network or messenger.
Your audience just needs to click on the link and make a donation with any of the supported cryptocurrencies.
Binance Charity Foundation
The world’s largest cryptocurrency exchange has expanded its ecosystem and founded the Binance Charity Foundation. It was a great step towards improving our planet, as the crypto exchange has millions of users worldwide who can easily make donations with the Binance Charity platform. To date, the Charity Foundation has already managed to raise more than $83,870,394 in cryptocurrency. Currently, the platform helps various charitable projects, such as the Relief Fund for residents of Ukraine or the Environmental Protection Fund. You can easily find a reason to donate that responds specifically to you. However, it should be noted that the platform offers only five cryptocurrencies that can be used for donations: BNB, BUSD, BTC, ETH, and XRP.
The Giving Block
The Giving Block is currently the most prominent crypto donation platform that organizes fundraising for more than 1,000 non-profit organizations. The platform supports only legally registered charities, so you should not worry that your funds may fall into the hands of scammers. In addition, unlike the Binance, The Giving Block provides a much wider choice of cryptocurrencies to donate with. Moreover, the platform annually publishes reports regarding its activities. For example, in 2021, The Giving Block collected $69,644,535 in cryptocurrency. One of the advantages of the platform is an automatic tax receipt, which can be used to reduce your capital gains taxes.
Charity mining
As many people know, mining PoW cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and others require a large amount of computing power. Today, it is almost impossible to mine cryptocurrency alone. This is done via specialized mining pools. Miners join the pool and provide their computing power to mine coins, and for this, they receive a reward as a block reward and transaction fees. But today, there are several projects that allow users to simply rent out their computing power. The profit received as a result of mining is sent to charity. One of these platforms is Charity Mine. To work with the platform, you need to open the Charity Miner Tab and “donate” your unused computing power. Next, the platform does all the hard work for you and receives the Monero cryptocurrency as a reward. As a result, Charity Mine converts XMR into USD and donates to the charity of choice.
Art donations
Surely you have heard about non-fungible tokens or NFTs. In short, NFTs are tokens, each of which is unique and cannot be replaced by another. For example, your cat is the only one in this world; although it is similar to others in some ways, there is no one like it anymore. In 2021, NFTs made a real splash in the world of decentralized finance. For the possession of NFT, some users give crazy amounts of money — 2, 4, and even 11 million dollars. In addition, many popular NFT projects are engaged in charity. For example, the famous Bored Ape Yacht Club (NFT collection with apes) donated about $850 thousand to the orangutan charity. In addition, with the help of a platform like Cryptograph, you can buy an NFT that was created by world icons and artists: Vitalik Buterin, Paris Hilton, Ashton Kutcher, and many others. When purchasing an NFT from someone you admire, you not only get closer to this person but also contribute to raising funds for a charity cause that your idol has chosen. For example, Ashton Kucher and Jason Momoa support WildAid.
Saving animals
Saving animal lives is priceless. Unfortunately, for various reasons, not all animals on our planet are in the hands of caring owners, and wild animals do not always have favorable conditions of existence, let alone endangered species. But fortunately, there are thousands of animal welfare funds, shelters, and other non-profit organizations globally. Unfortunately, not all charities accept cryptocurrency as donations. This is wrong because crypto donations are the fastest and most cost-effective way to raise funds; moreover, the cryptocurrency is borderless, allowing you to attract more contributors.
In addition to direct donations to animal rescue, you can also become an indirect participant. For example, if you are a business owner, you can start accepting cryptocurrencies such as Poodl Token (POODL) or Pitbull (PIT) for payment. Both projects are closely connected with charities in the field of animals. For example, Poodl charges a transaction fee, part of which goes to charity. Consequently, the more transactions on the network, the more funds the charity receives.
Help with your professional competencies
If you don’t have extra funds but are eager to make this world a little better, you can donate your knowledge and skills. For example, if you are a designer, you can help create a corporate identity for some charity foundation. If you are a lawyer, you can help organizations solve legal issues. If you know foreign languages well, you can offer charitable foundations the translation of their official web pages. You can also educate your local charities about crypto donations. In addition, if you are a blogger or streamer, you can talk about the organization and that you are helping it in your social networks. You can also set up fundraising to benefit an organization close to your heart. You can organize the collection of crypto donations using the NOWPayments donation link to effectively and quickly raise funds and provide full transparency to create trusting relationships.
Buy/donate items at charity shops
A charity shop is a retail store that collects things donated by those who wish, sells them, and sends the profits to charity. Both a charity organization and a group of activists can launch a charity shop, deciding which organizations to send funds to. Since things are collected for free, their prices are usually set low, which attracts buyers. And some charity shops even organize pickup, helping to get rid of unnecessary things and free up space in the closet. Therefore, the format is beneficial to all participants in the process. In addition, charity shops and their employees live on the same sales proceeds: the amount for the maintenance of the store — rent, salaries, equipment — is taken from it, and the rest goes to charity.
Conclusion
Fortunately, charity is becoming an essential social movement these days. More and more people are donating their funds to various non-profit organizations. And those who do not have such an opportunity are looking for alternative methods that do not require financial expenses. As for the sphere of crypto charity, we still have something to strive for. However, it is worth noting that more and more charitable foundations have begun to accept cryptocurrency as donations. In addition, many crypto projects contribute in one form or another. We have given you ten of the simplest and most accessible ways how you can contribute to the field of charity.