Hey, I was actually looking into this a few months ago and the option I landed on was to simply set up an account at a given exchange in the charities name and use them to convert to fiat. So, you would provide your visitors with the address which the exchange generates for you.
If you're in the States (and probably elsewhere) then make sure to get something from visitors which explicitly state what the fiat value is of their crypto donation. This will help with any tax filings you need to make.
https://www.bitgo.com/ may be an alternative but I didn't need their more advanced features.
Topic: Best way to setup a Charity fund accepting crypto currency (Read 157 times)
Hi,
does anyone have suggestions for the following:
- I would like to setup a (yearly) charity fund (or system)
- which accepts the most common crypto (btc, bhc, eth, ltc, etc, and so on ....)
- old fashion donations via donate button or in crowdfunding style
- either immediately or at the charity deadline exchange into Euro and payout to the account of the charity
- it would be a yearly cycle (collect during X months until the charity deadline)
I've looked around for platforms, but I could not find any like GoFundMe does with fiat currency
Anyone here who has setup something like this before? Or can make some suggestions?
Much appreciated, thanks
does anyone have suggestions for the following:
- I would like to setup a (yearly) charity fund (or system)
- which accepts the most common crypto (btc, bhc, eth, ltc, etc, and so on ....)
- old fashion donations via donate button or in crowdfunding style
- either immediately or at the charity deadline exchange into Euro and payout to the account of the charity
- it would be a yearly cycle (collect during X months until the charity deadline)
I've looked around for platforms, but I could not find any like GoFundMe does with fiat currency
Anyone here who has setup something like this before? Or can make some suggestions?
Much appreciated, thanks
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