With the advent of cryptocurrencies, the financial world has changed and will no longer be the same. Cryptocurrency has become a game-changer and has greatly surpassed banking systems. Thanks to the advantages of cryptocurrencies, it has become a popular tool that is being implemented by thousands of companies around the world. What exactly caused the crypto fever, and why you should start accepting crypto donations, read on.
Key points:
- Crypto donations allow you to raise more funds.
- By accepting crypto donations, you create the image of an honest and tech-savvy organization.
- With NOWPayments, you can accept crypto donations on any website, platform, or app.
5 reasons why crypto donations make sense
Lightning fast and low-fee
There are about 8 billion people living on our planet. All of them are scattered in different parts of the world, have different incomes, and use different services to send money. One of the most popular services are Visa, MasterCard, and PayPal.
They are often used to accept payments and donations. Nevertheless, these services, although they are popular, are not the most advantageous
The fact is that using traditional services you face a lot of intermediaries. Each of which takes a fee for their services and slows down the transaction. Ultimately, the donation that was sent to you from abroad can go for several days and come in a much smaller amount than it was initially. If you start accepting donations with cryptocurrency, you will be able to get rid of the lion’s share of problems. Your donors won’t have to pay crazy fees, and you won’t have to wait days to receive a donation.
Privacy
Nowadays, privacy is not about any privilege, it’s about security. Traditional providers own all our sensitive data: names, age, address, phone number, and so on. All this creates favorable conditions for scammers, who are teeming with the Internet.
If a fraudster gets user data, it is easy for him to withdraw funds from the user’s balance. Besides, even though it’s not your fault, you will have a bad reputation.
After all, in this case, it was your website that caused the loss of funds. Fortunately, to send a donation with cryptocurrency, users simply need to log into their wallet, enter the desired amount, and send the transaction. And the creation of a crypto wallet does not require the disclosure of personal data. In addition, privacy in the field of donations is highly valued. Some donors simply do not want to disclose to whom, how much, and for what they donate, and crypto is most welcome here.
Transparency
Cryptocurrencies use blockchain technology, which is completely transparent in nature. At any time, you can trace the path of the allocated funds from the donor to the recipient.
Thus, thanks to crypto donations, a charitable organization or other non-profit individuals and their donors can at any time estimate the amount of funds received and spent, as well as check compliance with the conditions for receiving or using assets.
The donor can see the results of his help. An example is the allocation of $1 to charity. An individual who has allocated funds, thanks to the blockchain transaction control system, can see that 10 cents went to the protection of national parks in Brazil, 20 cents to protect women’s rights in Zambia, 20 cents to provide access to the network to the poorest segments of the population, 50 cents to clean water in the Congo. Thus, non-profits create the image of respectable and honest organizations that really solve vital issues.
Borderless
Crypto transactions erase boundaries. Digital assets are used by millions of users around the world and their number is growing daily. In addition, crypto users are distinguished by their loyalty and kindness, because the organization of fundraising with cryptocurrency is a common topic in the crypto space.
For example, when launching a new project, companies allocate part of the funds for donations. And the number of organizations accepting digital currency is constantly growing from good old funds to online auctions. If a user has a cryptocurrency, he can support any organization in a couple of clicks, regardless of where it is located — in Sweden, Australia or America. Thus, any user can send a quick and cost-effective donation to support a cause that is close to him, regardless of his location.
Boost your brand
Cryptocurrency has many advantages, thanks to which it surpasses fiat funds in many ways. For this reason, cryptocurrency is becoming a choice for both individuals and charities. To date, many nonprofits accept crypto donations. Thus, offering your donors the opportunity to donate with cryptocurrency is a wonderful step that will put you on a par with such well-known charities as the Red Cross, Greenpeace, and the United Way.
Moreover, NOWPayments allows you to accept more than 100 digital assets as a donation. Thanks to this, each of your potential contributors will be able to use the coin they trust. Thus, you will not have to limit yourself only to popular coins, thereby reducing the range of potential donors.
How to get crypto donations with NOWPayments
NOWPayments is a flexible crypto payment provider that allows you to accept crypto donations in the way that suits you best. In addition, our service supports 100+ cryptocurrencies and has the lowest fees. This way you will be able to raise more funds from more donors.
Donations link is the perfect tool for those who don’t like to mess with coding or want to seamlessly accept donations on social media.
Donations button has two design options that will perfectly fit into your website, blog, or forum signature.
Donations widget provides your donors with 100+ coins for donations and can be used anywhere on the Internet. In addition, it is extremely easy to implement a widget:
- Create a NOWPayments account.
- In the “Store Settings” section, enter your payout address and generate an API key.
- Go to the “Donations” section and scroll to “Donations Widget”.
- See the code? Just copy it and paste it into the code of your website.
- That’s it! Your donors can send any of the 100+ coins as a donation.
Conclusion
NOWPayments provides three options for accepting donations, but if you haven’t found the one that most accurately reflects your requirements, we are always happy to come up with a customized solution for you.