Crypto Charities: How You Can Contribute to a Cause You Cherish
The topic of crypto charities and donations has been one of the major talking points in the blockchain space over the past month. One that’s remained on the minds of a global audience as they all seek to contribute to one cause or another.
From Canada to Ukraine, they’ve seen how donating cryptocurrency can effectively and conveniently contribute to helping others.
Today, they take a deeper dive into why you may want to donate your crypto coins to a worthy charity and they’ll list a few that may interest you.
4 Reasons to Donate Your Crypto
Apart from the obvious reason that giving crypto to charities is a philanthropic and honourable gest, there are considerable reasons to do so over sending fiat money.
Giving the Benefits of Crypto Without Its Volatility
They all know how extremely volatile cryptocurrencies can be and how the market is still strongly tethered to real-world events.
It’s easy to think that the value of a crypto donation to a cause tackling a major crisis would significantly decrease the donation’s value. Especially if that particular crisis is somehow exacerbated.
However, your donation doesn’t have to decrease in value at all if you send the right type of crypto. That’s right, they’re talking about donating stablecoins.
Stablecoins, with their value pegged to a fiat currency, enable the organisations you donate to take advantage of crypto’s benefits. Unlike regular fiat donations, charities can use stablecoins to significantly increase their holdings through staking and DeFi operations.
Crypto Is Cheaper to Process
Conventional methods of donating to charities often mean that those same organisations end up with significantly less than what you donate. This is because of the processing rates attached to methods such as credit or debit card transfers. These can range from 2.2% to even 7.5%.
Processing rates may seem relatively small, but if you make large donations then organisations can end up with a lot less than the original amount.
Thankfully, the wonderful world of cryptocurrencies enables accepting organisations to receive donations closer to the original amount. Just make sure that you’re sending coins with low transaction (gas) fees.
You Can Donate Securely and Conveniently
Cryptocurrency wallets and DApps make it undeniably convenient to send and receive transactions. All it often takes is:
- Inputting an address or scanning a QR code to send your coins to
- Inputting the amount to send
- Typing in your spending password
- And hitting the send button
Donating to the people of Ukraine, for example, is as simple as following the steps above with the following addresses:
You Promote a more Transparent Charity System
By their very nature, most crypto coins and tokens are highly transparent and hence easily auditable. This makes it easier for contributors to know how much cryptocurrency is donated to an organisation. Helping donors keep the charity accountable.
Donors expect to see results when a large sum of money is given to a charity, and this helps guarantee that the money is spent on worthwhile causes.
Crypto, therefore, allows donors to make truly meaningful donations.
Organizations that Accept Crypto Donations
Now that they’ve discussed some of the core reasons why crypto donations are better than fiat ones, let’s take a look at some organisations accepting cryptocurrencies.
The Giving Block
The Giving Block makes it simple for NGOs to raise funds using Bitcoin and other cryptocurrencies. Using crypto technology to help mission-driven organizations, charities, institutions, and faith-based organizations of all sizes achieve their goals.
Cryptocurrency is the fastest increasing giving method for Millennial and Gen-Z donors, and The Giving Block seeks to globalise this way of donating.
This organisation provides crypto donations through two methods:
- Impact Index Funds: Enabling you to support nonprofits aligned with a particular cause (mental health, civil and human rights, education, etc.).
- Search nonprofits: Providing you with a database of crypto-friendly organisations for you to donate specifically to.
Accepted Cryptocurrencies: The Giving Block currently accepts 70 different crypto coins and tokens, including Bitcoin, Ethereum, Terra, and many more.
Save The Children
Save the Children is guided by a single simple principle: that all children have the right to be healthy, educated, and protected. It also believes that cryptocurrency has the potential to be a positive factor. Join its global effort to HODL hope for children if you share its convictions. Your cryptocurrency donation can make a significant difference for children, families, and communities throughout the world this holiday season if you give today.
In 2013, Save the Children became the world’s first INGO (international non-governmental organization) to accept bitcoin donations. It did so in the aftermath of Typhoon Haiyan, which devastated Southeast Asia and the Philippines.
Accepted Cryptocurrencies: Bitcoin, Ethereum
UNICEF’s CryptoFund
As most of you will already know, the United Nations Children’s Fund is a body tasked with providing humanitarian and developmental assistance to children all around the world. With a presence in 192 countries and territories, the agency is one of the most well-known and well-known social welfare organizations in the world.
The CryptoFund is a new financial entity that allows UNICEF to receive, retain, and disburse crypto for the first time. This is part of UNICEF’s Innovation Fund
Accepted Cryptocurrencies: Bitcoin, Ethereum
GiveCrypto
Brian Armstrong, a co-founder of Coinbase, created GiveCrypto in 2018. This is a nonprofit that distributes cryptocurrency to individuals in poverty.
Over $300,000 in cryptocurrency has been distributed by GiveCrypto to over 5,000 people in 13 different countries.
Accepted Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, USDC
Khan Academy
Khan Academy provides practice problems, instructional videos, and a personalized learning dashboard to students. Allowing them to study at their own speed both in and out of the classroom.
Math, science, computer programming, history, art history, economics, and other subjects are covered. Its math missions use cutting-edge adaptive technology to lead students from kindergarten to calculus, identifying strengths and learning gaps.
Donating crypto to Khan Academy helps them continue to provide incredible educational content.
Accepted Cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum
Human Rights Foundation
Human Rights Foundation is a nonpartisan, nonprofit organisation dedicated to promoting and protecting human rights around the world, with a particular focus on closed societies. HRF brings people together to fight for human rights and promote liberal democracy.
Its goal is to ensure that freedom is protected and promoted all around the world.
Accepted Cryptocurrencies: Bitcoin, Ethereum
The Red Cross
With a presence and activity in almost every country, the international Red Cross and Red Crescent network is the world’s largest humanitarian network.
All Red Cross and Red Crescent actions have one primary goal: to assist individuals who are suffering, without prejudice, whether they are victims of:
- Conflict
- Natural or man-made disasters
- Persistent poverty
Accepted Cryptocurrencies: Bitcoin
Learn More About Crypto
They at Sheesha Finance hope that this has provided you with the information you need to make a difference through crypto.
In their mission to provide their token hodlers with the very best DeFi token diversification and rewards, they also seek to educate their audience on all things crypto.
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