Using BitDonate to Increase Donations
Technology is always progressing, and the way we give has changed drastically throughout the years. Whereas churches once only had offering plates and nonprofits had fundraising events, contributions can now be accepted digitally from people continents away. The newest way of giving is crypto donations, and fortunately, it’s not nearly as difficult as it sounds.
People can now buy cryptocurrency with no understanding of how it works. As it turns out, you can do the same with accepting crypto donations. CryptoDonations from DonorWerx makes this process simple, but we recognize you may have some questions. When you understand how simple this process is, accepting cryptocurrency will become just another way of giving.
Isn’t cryptocurrency complex? How can I accept it?”
There’s no two ways about it: cryptocurrency is complex. Fortunately, accepting crypto donations doesn’t have to be. You can claim your crypto wallet on BitDonate in under two minutes. You don’t have to provide any in-depth information upon signing up. Your information will be verified only when you’re ready to withdraw your funds.
You also don’t need to know how to set up a crypto wallet. BitDonate does this for you. You just need to put the emblem on your website and let donors know about this new way of giving. Every crypto donation that comes through BitDonate is immediately sold at the market price and transferred directly to the church or nonprofit owner of the wallet.
Accepting crypto donations has
to be expensive, right?
Absolutely not. With DonorWerx and BitDonate, you get the entirety of every donation minus a 3% fee. That’s it. There are no monthly fees, and there are no signup fees. If you spend a couple minutes registering for a crypto wallet and no donations come in, that’s the end of the story. You’ll never pay a single penny.
What happens when a donor scores big on the next crypto craze, though, and chooses to donate to your church or organization? That donation gets sold at the current market price, and you receive real money in your bank account within three to five days. There are no hidden costs, and signing up takes just minutes.
Is it safe to accept crypto donations?
The ease of signing up for crypto donations stands out to many. After all, it’s much quicker than signing up for credit card processing. The big question, however, is if it’s just as safe. The answer is yes. BitDonate was established in 2018, and both cryptocurrency and cash transactions are secure.
When you sign up for a crypto wallet, BitDonate also automatically verifies church or nonprofit status. And while signup takes only minutes and requires no in-depth information, we verify information prior to sending out cash balances. This means donors can rest comfortably knowing their contributions are going exactly where they’re intended.
Why do I need crypto donations?
If your organization is already accepting other forms of contributions (e.g., cash, checks, online), then crypto donations are the obvious next step. Offering donors as many ways to give as possible has obvious benefits. Even more than that, though, is that cryptocurrency owners are more generous givers. In fact, 45% of crypto holders donate more than $1,000 every year.
By comparison, this number is only 33% among the general public. Millions of dollars in crypto donations are pouring into churches and organizations already. In fact, someone made an anonymous $10 million Bitcoin donation to a faith-based organization in 2021. Unfortunately, churches and organizations that can’t accept these contributions are missing out.
How to Get Started
When we say signing up is simple and takes just minutes, we’re not exaggerating in any way. In the time it took you to read this guide, you could have signed up already and gone on with your day. At that point, you’d just be waiting for crypto donations to come in. By doing this, you will have a new way of giving that allows donors to avoid capital gains taxes when donating crypto.
Crypto donations might be the new way of giving, but we’re already seeing millions in donations. Don’t let your ministry or nonprofit miss out on this exciting new resource.