Frequently Asked Questions

Which nonprofits are accepting cryptocurrency donations?

  • United Way
  • American Cancer Society
  • American Red Cross
  • Unicef
  • Leukemia & Lymphoma Society

How can I contact them?

How many Americans own cryptocurrency?

  • Approximately 50 Million Americans own Crypto – 17% of the population and growing fast

     https://www.nasdaq.com/articles/about-46-million-americans-now-own-bitcoin-2021-05-14

What are the demographics of cryptocurrency owners?

“Right now, crypto owners tend to be young white males with high incomes. Of the respondents who reported that they own crypto” (May 2021)

  • 74% are male
  • 71% are white
  • The average age is 38, and 77% are under the age of 45
  • The average household income is $111,000
  • 52% live in suburban or urban areas
  • 26% live in small towns or rural areas

https://www.fool.com/the-ascent/buying-stocks/articles/19-million-americans-may-start-buying-crypto-this-year-survey-shows/

How do we sign up?

Go to the Free Sign Up Now button on the home page.

 

Why must I provide personal and banking information?

Our system is created exclusively on Gemini Trust Company, LLC Cryptocurrency Exchange, one the most, if not the most secure cryptocurrency exchange. US Federal regulations require “Know your Customer” (KYC) and Anti-money Laundering (AML) compliance with crypto exchanges. 

For your protection, donations you receive are managed with the highest banking level security. Thus, your nonprofit organization must be validated to be legitimate, the true identity of a control person must be validated and your banking account must be validated. 

Can we cancel at any time?

It is free, but yes you can cancel at any time.

How do we promote this to our donor base?

We will assist you to promote crypto giving to your existing donor base by providing you with social media posts, access to our blog articles and email templates to create some buzz amongst your followers about crypto giving.

What is cryptocurrency?

“A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.”

https://www.investopedia.com/terms/c/cryptocurrency.asp

What is blockchain technology?

“… the internet based record-keeping technology behind the Bitcoin network.”

https://www.investopedia.com/terms/b/blockchain.asp

How can cryptocurrency and blockchain change the world?

It will create a whole new source of philanthropic donations to nonprofits.

In the areas of commerce, it will cut out expensive middlemen. Middlemen such as banks, insurance brokers, stock brokers, real estate brokers, commodity brokers. It will create a far more secure internet. It will disrupt social media giants such as Facebook and Twitter. It will disrupt companies such as Western Union who extract billions annually from people sending money to others. Online “Smart Contacts” will diminish the need for expensive lawyers. The list goes on – – 

https://101blockchains.com/blockchain-will-change-the-world/

How is my account secure?

You account will be with Gemini Crypto Exchange. Gemini is highly security focused:

https://www.gemini.com/security

 

What are the fees?

We do not charge set up fees or monthly fees to use our platform. Nonprofits will only pay a service fee when they receive a donation that is converted to USD. The fee is a flat rate of the total donation amount. The rate is never more than 4%. Example: At 4%, if a nonprofit receives a donation worth $100 USD, they will receive $96 via an ACH deposit into their bank account.

Which cryptocurrencies can be accepted?

Once your nonprofit is on the platform, you are able receive 39 different cryptocurrency tokens. Current Tokens: BTC ETH LTC ZEC LINK OXT DAI BAT AMP COMP PAXG ZRX BAL CRV MANA KNC MKR REN STORJ SNX UMA UNI YFI AAVE FIL ENJ BNT 1INCH SKL GRT LRC SAND CUBE BOND SUSHI INJ MATIC LPT DOGE

How do we exchange cryptocurrency for US Dollars?

The platform automatically exchanges your cryptocurrency donations for USD at the time of donation. 

What are the risks?

This platform introduces no risks beyond your existing risks associated with accepting online donations.