Topic: Bitcoin as Means of Donation (Read 615 times)

The use of bitcoin for donation is a good step. It will add a good reputation of bitcoin that Different NGOs,s, and welfare societies are accepting bitcoin. It means is that the use of bitcoin for the welfare of humanity, the poor and hungry people of the third world is going to start. It will not only improve its acceptance but also make it more popular in the world.

This is not actually new for the creation of bitcoins are for decentralized transactions. Acceptance makes the difference. For donations, it will be as easy as online payment considering the applications and platforms that promotes and accepts cryptocurrencies.

Yeah, I was surprised when I first learned of the openness of bitcoin that not many donation sites accepted it, things have changed a lot in just these last couple of years, let's see how decentralized financing can help keep outside people from these organzations in the loop of what's being done with the money, so that's nice.

Bitcoin for charity is also perfect. Right now in these times of crisis. Because the collection can be more effective and can respond to the needs when the time factor is important.

https://www.google.com/amp/s/cointelegraph.com/news/charities-are-turning-to-bitcoin-amid-the-global-fight-against-coronavirus/amp

I wasn't aware there was a need for people to make crypto donations and in BTC also. And by donations I do not mean donations to other members but instead a charted organisation like charities  In any case, these should in theory be possible through a smart contract though I'm not sure about the legislation side of things...

Hello everybody. Of course, bitcoin, and especially any cryptocurrency that is easy to implement on the cryptocurrency exchange and has a very low transaction price, is one of the ideal means for accepting donations, especially for multinational charitable foundations. Here, of course, we can say that the transaction value of Bitcoin may be a barrier to the receipt of humanitarian aid to the recipient's account not all 100 percent. Let me note that many countries do not have bank agreements and the transfer of fiat money, in this case, will be more expensive than the cost of a bitcoin transaction. Everything is relative. But the fact that many charitable foundations accept cryptocurrency as a donation, once again proves that the crypto community is increasingly filling the financial space. Including, therefore, more and more people will learn about cryptocurrency and the population's confidence in bitcoin is growing.

Well thats a very good news i didn't know till now that bitcoin can be used for donations its really really good with this the bitcoin will become more popular and maybe everything will try to get their minds towards bitcoin hope this will lead to more users towards bitcoins.

I'm not against donation or charity since it's main purpose is to help those people in need however using bitcoin as means of donation is already like a gift for me. Why use bitcoin when you can easily convert it into fiat or some relative digital currency like USDT? bitcoin as a donation is like giving gold already, and I doubt if the person you have given bitcoin would not spend that if he knows how much potential it has in the market in the few more years from now.

Donations succesfuly work and help to save lives, or develop some projects or technologies. Why not to use Bitcoin for this? In some way it may give you some benefits. You may send coins directly in BTC without conversion and without losses on enormous fees. And it is great that such organizations accept BTC like the means. It seems to me that it is a positive signal for the BTC's adoption by the society.

Not only it would help them receive payment from this option, but to create awareness about Bitcoin. I like the fact that these nonprofit organizations and charity programs are now starting to accept Bitcoin for donations.

If I were to have my own charity foundation later on, I would not hesitate to include Bitcoin as one of the payment methods aside from centralized payment processors like Paypal. Since I'm into cryptocurrency and blockchain advocacy, I would like to see more of these nonprofit and charity organizations use Bitcoin and other cryptocurrencies.

For me, it's all about massive adoption. Even if Bitcoin is just a decade older than the other cryptocurrencies, it's still young in the financial market. Not exceeding 1% of the world's population are adopting Bitcoin.

I think so...because they know that many people are using cryptocurrency and they take advantage on it. Well, there's nothing wrong with is as long as it use for good because bitcoin is money. Also through those foundation ,bitcoin and cryptocurrency well become more and more popular to others.

This is not true, 1sat/B rarely takes even a day, i have been doing 1sat/B transactions for the past year. You should try it more often, i have even had one such transaction confirm in 30 minutes, something like a couple of hours is more common. 6 hours is uncommon and more is rare.

There is no hassle in donating bitcoin, its simply getting their address and sending funds. In fact every other method is more cumbersome, and usually requires login, etc. The OP example is using a payment processor, which makes it overkill, but i guess that means they never get bitcoins but fiat.

"Fluctuation" is not an issue and humanity is going to learn this once their fiats start collapsing. Bitcoin is rock solid next to my country's fiat, for example. You live under an illusion thinking those top fiat coins can never collapse, you have already seen the US administration printing money to "aid" people giving them an universal wage. You think they could keep doing this forever and nothing happens? Every extra dollar you add that wasn't before is building pressure for a massive inflation, they have extra leverage compared to most countries, as too many foolishly trust the USD but even the USD isn't immune to collapse, its a time bomb that's ticking, and when it crashes it will pull down many other fiats with it.

Look at bitcoin staying around 7k during this pandemic, while everything else went down. Its an excellent performer. People will learn to save in bitcoin and don't pay attention to daily, weekly or monthly fluctuations. Look further ahead and average the price. Fluctuation is a symbol of freedom.

Bitcoin ks prominent nowadays because of its consistency and persistence in ths virtual world. Not just in giving people the opportunity to gain money, but to help other individual cater the same opportunity they had. And I guess because of this Pandemic, it won't be bad to make Bitcoin as a form of Donation.

Bitcoin is cash. Obviously  it may be given out as an alternative by beneficent establishments and associations for those that have an enthusiasm to give and might want to execute utilising Bitcoin. the extraordinary thing about Bitcoin gift is that you essentially can monitor it. you perceive the overall population address of the foundation so everything is incredibly straightforward. you besides may realise whether it's now moved or spent and to which address it's moved. Gifts in fiat don't give that include.

This can be one good marketing strategy to give a good image to the general public. News on TV and similar media are often hyperbole in providing news and facts that exist in the crypto world, so that ordinary people are often affected and consider that crypto is dangerous. With positive activities through fundraising with bitcoin can have a positive impact, but its effectiveness must also be considered, because BTC is very volatile, prioritizing donations to the right target and functioning optimally. Some local crypto communities in my area also often do charity activities, social services, etc., this is a very positive activity.

Of course, fiat is more effective. But here, the OP also discusses the good effects of bringing BTC at once in charity work, to provide positive support, and can be a simple educational tool to the general public that BTC can also be used for that. Well, it requires more complex management and will be distributed directly in the form of "more acceptable" for example in fiat or basic needs and other needs, but this option can be well considered.

As for my opinion, donating bitcoin would just ruin the institution or the charities plan. Imagine if these homes have 100 kids yet their bitcoin value in total could just afford to buy for 75, tomorrow 60 the next day 150. See my point? the volatility is really the problem on which we cannot really handle even a bit handy. Fiat is still the best means of donation, and it will not give added cost like transaction fees for conversion and can directly spend.  On top of these things, who will donate bitcoin if the price could double the next week?
I agree that you should use lower fees if your transaction doesn't need to be done right away, but 1sat/B is so low it would take a week or more to process the transaction. You don't need to give half of the transaction for fees, but don't be so cheap, 50 cents on a tx of 10$ isn't that bad, you wont go broke.
See the hassle if we donate bitcoin? Much better if we donate a direct object or ready to use stuffs. Transaction fees are harder to manifest with different phase of the market.

It is good that you can donate Bitcoin, but cash is still a major payment method for donations. This will help, but if you really want to donate you can give cash, so I don't think it will help a lot, unless most people dom't use fiat.

I agree that you should use lower fees if your transaction doesn't need to be done right away, but 1sat/B is so low it would take a week or more to process the transaction. You don't need to give half of the transaction for fees, but don't be so cheap, 50 cents on a tx of 10$ isn't that bad, you wont go broke.

You can add that up.

But, don't we really lack merchants?
It became an investment because of that. There is no usage. So what will you do? Do you have a choice? You will just keep it.
As if I will go to Japan just to maximize the usage of my bitcoin.
Hell, I will be kicked out of that country in just weeks of staying there.
That is the problem.

Donating is not. As long as it is for something good and real.
You know why people lack the confidence to donate? Scams, thieves, and abuse. That is why.8

Bitcoin as means of donation, why not? It does not have that much difference with donating a fiat coz you can easily convert it into fiat. Bitcoin has become the most friendliest coin of all time, it gives a lot of help in financial terms and we came across to a point where it can be donated to charities and different institutions. But with times like this, we better be wise if we are going to donate bitcoins or fiat.

No, it is not the merchants that we lack off, we lack of confidence to donate or even use it as most people are just making it as an alternative investment.

It's like admitting bitcoin is a real currency. But yet, they are those who are still hard headed telling it is not.
It is just something which is created for pyramid scamming or whatever they call it.
I don't get it. 

Well, donation is a good chance for bitcoin to easily say it is money.
It can be used to buy something or anything else just like how fiat will do.
In the end though, it is merchants which we lack.

Before we are seeing the use of the bitcoin is just an illegal payment or action to the people who do doing not good but it is better if we change this norms what if we use the bitcoin for making a payment for donation because today there are a lot of people making trouble to their economic status and it is better if we help them because most of the users today are now using the cryptocurrency because it is faster and secured than the use of traditional payment because before we need to transfer the money to other people before it gets by the receiver but with the help of the bitcoin and cryptocurrency we can now make a lot of changes that we can now use the crypto to transfer easily the money and direct to contact and help them.

In my opinion, with the times and increasingly advanced technology, continuing to open a donation service with Bitcoin is an ecosystem of togetherness to build a better life that is more easily realized and can help people affected by disaster.

If others are using Bitcoin to do illegal transactions, why not use it to do good right? I've seen a lot of articles already for the past few months that they will be adapting crypto donations. This is actually a good step for crypto to be known and to be accepted by people. It's also a way to correct other's mindset of what they think about crypto. Some think of crypto as a scam and illegal but with this donation opportunity, it can make them realize that they are wrong. Aside from that, we can maximize the use of Bitcoin with this while it's still in the process of mass adaption.

I hope that we will be able to see more things like this to brighten our days. It feels great to see this kind of news in times when almost all current issues are bad news. And that the use of Bitcoin won't just be limited to foundations but also bigger companies will accept Bitcoin and another cryptocurrency. I also hope that we crypto users won't be afraid of trying this thing because we're the ones who need to try it to encourage non-crypto users to also try crypto options.

Yes, the recognition of bitcoin is already a big thing for the community. That's what is made for to be recognized as a payment and being a monetary medium just like fiat.

They are aware too, maybe, of the existence of the people who are holding it and probably want to send it as a donation.

I will be glad to use this mate and thanks for sharing.

for couple of times i have supported some NGO's and send thru remittance centers but now having this?perfect for my needs.

anyway are this available worldwide?or there are only limited countries that can be sent donations?

I will just quote the last part since I think this is an important one.

Personal interest. Don't we see it already with scam ICO's. If not personal then a team bad intention to just make money out of nothing.
They use bitcoin and Ethereum as means of payment to avoid tracks.
Although there is still a way.

It is not that different with donations since they are just using the offering word in exchange for their tokens.
We will see more of it once there is a news that bitcoin will grow again after the halving. News which are backed up by facts.

I never donated yet in the charity, because I don't know how it is supposed to be done. I am surprised that verification is being done to these yet, but good thing Bitcoin already covered that for us. I have a similar app to that though and it is being used in my country locally and it is Coins.ph. It is somehow a multi purpose and not just for donation though. I am happy that these donation through Bitcoin is being put into thought though and not just merely buying products in the internet.

Definitely, because it will undergo enormous amount of verification and might take days to fully verify and receive by the charities, unlike through bitcoin, the transaction speed will depend in the miners and verification is fast. Plus, the anonymity of the donor will be preserved.


The main thing I like about this is that people can donate no matter how much it is, and will not worry about being indentified. So, for some angels out there's with pure heart to donate, bitcoin is the best option to do so, just like what the other people here say about the mixers that they can use in order to make the transaction unidentifiable.

If the crypto community give something for the society then they will know that bitcoin brings a positive vibes to those in needs. People should comprehend that bitcoin is not only about money, we want to inform other people that it will help us grow and help us unite as one. Bitcoin can be a source of income and at the same time, a source of peace and unity to other people. In addition, it will also help us to promote bitcoin to earn more respect and popularity so that people will become more knowledgeable about the advantages of cryptocurrency in our economy. Crypto community doesn't want you to give back after the donation, we just want you to know that crypto needs mass adoption and support by the help of the society and the government. Bitcoin really has an importance in the market and we need to take advantage to it for the people to grow.

BTC would really help a lot for donations since it wouldn't take so long for them to receive the BTC unlike when the donation comes from other country then it would take some time.
And also it would be much more easier for them to accept donations world wide when they accept BTC for their donations .
It would be a good for them and for crypto as well they would both gain attention and free publicity just like what this one.

Unless Bitcoin is being directly provided to the recipients, then I really don't see the benefit of adding Bitcoin as payment method to donation platforms—it just leads to less money eventually reaching the end-user.

After all, surely these platforms are going to have to cash out their BTC for cash, then they'll get charged a commission of let's assume 1% overall.

That means only 99% of the money actually ends up in their account for disbursement.

Simply sending the equivalent in cash to this same account would yield 100% of the value, thereby doing more to aid charitable causes.

I mean I can understand adding additional options for those who can ONLY pay with Bitcoin, but other than those rare cases, cash is simply better in this case.

That's my unpopular opinion on the subject.

Some organization started to accept bitcoin and also there are pure crypto organization that is helping many people and of course they accept bitcoin. The good thing here is that, you can easily donate money wherever you are without paying a higher peace, now if every country have this kind of organization then it will be more easy.

if those people or organizations accepted bitcoin as payment, then it translates the fact that they recognize that bitcoin has value in the market and they believe its existence. because if they have no slight trust in dealing with crypto, they won't accept it and will prefer to stick in fiat.

or they may be trying to explore their horizon in cryptocurrencies, either way, it is good for crypto adoption. remember, their fans and supporters will always find a way how to access their idols.

It is good to see when an organization, business or known personality declared that they are accepting bitcoin.

As part of adoption, they are looking to the possibility that bitcoin will be massively used and they didn't go wrong accepting it.

There's many iniciatives like Blockchain 4 humanity that were built with helping others in mind. I do also agree that third parties can just cash out on it, unless they're stablished in some way, helping others while being organized does require some keeping up, but it shouldn't dwarf the efforts done, in the sense that as long as the helping efforts outweigh those of personal gain for the companies involved then that's good. And that's what the blockchain precisely helps with, accountability made public.

It's about time people recognized the global impact Bitcoin has manifested. It's as easy as ABC while making transactions with Bitcoin unlike while doing so through Fiat transaction. The third party situation is already taken care of. Besides all this, what should matter now in the crypto industry is mass adoption.

Bitcoin is one mean or medium to make donations of any amount without been monitored of supervised by any agency to question the sender...

I'm always pleasantly surprised when I browse some sites and I see that there's an option for Bitcoin donations. And it really makes sense to accept Bitcoin, even if you aren't a Bitcoin enthusiast, just because there's no fixed minimal fees, so when people donate small sums, majority of it goes to its destination. Lightning Network will further improve this by making transactions nearly free and enhancing privacy, which is a problem with donations because people often reuse the same address for them.

It's good that more and more organization and humanitarian causes are accepting bitcoin into their funds. After all, bitcoin is money and can be exchanged for fiat, though the avenues and shops that accepts bitcoin for the need of the organization is still low. Even so, I suggest that people donate their bitcoins into movements and organizations that need not fast liquidation of funds such as the coronavirus cause and/or the likes since they really need to buy supplies as fast as possible.

Transparency for cash or bitcoin depends on the parties and personalities involved.
For instance for bank transfers or cash to get to the beneficiary, the proper account details should be sent to the sender or donator. Likewise for bitcoin, if beneficial bitcoin wallet address is not provided to the sender and get compromised for another's wallet, it doesn't get to the beneficiary wallet but to the fraudulent wallet sent to receive the donation. This is my point about personality and third parties.

If they will donate bitcoin, there's a lesser chance that their personal info will be revealed as they can use a mixer to hide the real address source of the funds, while if donation is through bank account, they can't do that as bank always ask for KYC, no KYC, no transaction.

Reminder: Make your donations using 1 sat/B. They don't care if your donation reaches them today or tomorrow...

In fact i sustain that every bitcoin transaction should be done at 1 sat/B unless there is some sort of emergency. Say no to wallet traffic guessing nonsense, bitcoin transactions are cheap when you are in control.

So next time you wanted to gift $10 to someone, don't let the (idiot) wallet burn $5 to send, when a manual 1 sat/B fee could easily lower that to about 3¢.

For us Cryptonians?then there are no problem about this and actually will give advantage to us if we wanted to donate in future.
the problem is do the majority will use this option?or only for Bitcoin users

if the target is worldwide then it may take a long before finally used of many but at least now we have option to use to remain our anonymity .
things that most of us wanted to remain.

Yet, this is a good news part of Bitcoin because it means it becomes more popular. Bitcoin as a means of donation uses worldwide is just help to have massive adoption and encourage more groups of people to use this. Probably because these charity sectors will also have benefit from accepting Bitcoin or crypto donation.

Imagine that you can easily collect and move funds through digital currency across borders is so fast and convenient way. Not just only locally but this is also all over the world.

Reply above was right, this is because of transparency through distributed ledger technology eases data sharing that everyone sees publicly.
That is the reason why more organizations in charity sectors are jumped into using crypto in collecting funds.

You can't track the financial transaction,but CIA can.
Every government investigation agency can ask the bank for financial information.Even if they don't ask,I'm pretty sure that CIA is currently spying every bank in the world,even Swiss banks.


I don't think that there's a clear correlation between having more transparency and more donations.
If the donator's private info is revealed,they will refuse to donate.
Tracking how the donated funds are spent is a good thing,but I don't think that the BTC blockchain will help for that.

If we like it easy then bitcoin donation should be implemented, actually this is more transparent compared to fiat being donated as there is a bank secrecy law if it goes through the bank account and we can't track the cash movement, with bitcoin, we have the blockchain which is the public ledger which is easier to track when the amount is liquidated, more transparency would result to more people donating.

Bitcoin donation is now becoming common. Although it has been used in the past as well as we can think of and accordiing to wikipedia
https://en.bitcoin.it/wiki/Receiving_donations_with_bitcoin

Although bitcoin is a digital asset, but, can be converted into fiat within minutes. That is why they are also digital currencies.
With time, more organizations will accept bitcoin as a means to donate.

There are a lot of organisations globally that accepts bitcoin as means of donation. Such as:

Electronic Freedom Foundation
Freedom of the Press Foundation
Green Peace
National Red Cross

I guess this non-profit organisations are just taking advantage of crypto, to reach wider audience and of course get the needed funding. Donations are (pseudo)-anonymous and you can give any amount in crypto that can make a big difference.

I would first of all say congratulation to the crypto community for yet another win in this space. The human rights watch is a reputable body and if it now accept Bitcoin as a means of donation for sponsoring its operation, then it is a big news for crypro lovers. That been said, factors such as low transaction fees, speed of transactions and privacy of donor and most especially transparency might be amongst the many reasons why the body has opted to accept Bitcoin as a means of donation. Bitcoin remains a solid store of value and will become more popular as days roll by.

Bitcoin is money. Of course, it could be given out as an option by charitable institutions and organizations for those who are interested to donate and would prefer to transact using Bitcoin. The good thing about Bitcoin donation is that you can keep track of it. You know the public address of the charity so everything is very transparent. You also know whether it is already moved or spent and to which address it is transferred. Donations in fiat do not give that feature.

Are you tired of explaining how we could use bitcoin as means of donation? Well, just a good news just come. The Human Rights has just announced that Bitcoin is now accepted in their platform as a good way to accept donation thru BTC pay server. They have said that bitcoin could be a tool for freedom, and donations will be used for their research and activities regarding human rights. See Link in here



With that all said, if we have a project, a charity as an example, it might be easier for us to seek for donations thru the means of bitcoin. That if people question why bitcoin? then a good answer is probably the latest news concerning human rights promotion of using bitcoin as donation.

Well, we have figured tons of usage on how we could utilize bitcoin. Donation through bitcoin is just one of it that we should take into consideration but just make sure that we are responsible enough and we'll take care of the funds without any bad intentions. Bitcoin has opened allot of opportunities that we could take, and we should know how to use it well. Remember, the development of bitcoin will be based on the people who are using it. We shouldn't make the reputation of bitcoin bad just because of our personal interest.