Cryptonic Tech Blog

Blockchain has many benefits and one of the most divine of them is that it can be used to raise money for charities and help the needy. While everyone is talking about NFTs these days, NFT and crypto donations are becoming a preferred choice of donors in 2022. In this post, we have tried to explain everything which you must be wondering about making a crypto donation or how to accept crypto donations being a non-profit or individual. 

Currently, exponentially rising use cases and worldwide holders of cryptocurrencies based on various blockchains like etherium, tron, smart chain etc is providing a very strong support to cryptocurrency donations. 

Benefits of Cryptocurrency Donations

• Fundraising is completely under the control of charities. No third parties are involved. 
• Cryptocurrency donations are completely transparent and more safe than any other mode of crowdfunding or donations. 
• Blockchain is growing in popularity, which could lead to more donations.
• As cryptocurrency donations don’t involve third parties. Donors and charities can enjoy comparatively lower fees and taxes while transferring internationally
• Advancement of NFT’s and other use cases of blockchain technology has widened the scope of creativity for creators and non-profits both. 
• NFT creators who are in need, can create and giveaway for donations. 

How to Accept Crypto Donations

Accepting cryptocurrency donations being a non-profit organization is not an easy task. To accept large crypto donations an organization have to qualify for various legalities and functionalities.

There are many ways for nonprofits to set up legal accounts, doing it manually or choosing a tool like Overflow that enable nonprofits to accept cryptocurrency donations and gifts from any individual or organization.

How to accept cryptocurrency donations for non-profits using Overflow.co

Wondering what overflow.co is?

Watch this video

Overflow  is an all in one tool brainstormed and developed by experts and professionals to donate or accept stocks or cryptocurrency donations easily and effectively.

Overflow let your donors with a robust, safe and easy to use stock and crypto donation platform that provides access to a bigger donation pool through flexible, trusted, globally acceptable and owned stocks and cryptocurrency donations.

This crypto donation platform is helping nonprofits, churches, and corporations easily accept stock and crypto donations from anywhere in this world.

What makes overflow.co the best crypto donation platform?

#1 Ease of Use and Simplified Processing

By using overflow you can track fund allocation, donation amounts, individual donors along with streamlining the process of stock or cryptocurrency donations.

#2 Larger Donations

The average stock donation through Overflow is 100X the average online ACH/debit/credit donation.

#3 Tax Saving

Using overflow for donating cryptocurrency is an efficient way to give, reducing capital gains taxes for the donor and maximizing value for the nonprofit.

#4 Safe and Secure

Overflow.co is the most secured cryptocurrency donation platform