We hear a lot about corporations and Bitcoin lately … but what about charities? With tax season just around the corner, maybe it makes sense to donate some of your virtual currency in exchange for a write-off.
And it’s a pretty good fit. Bitcoin enthusiasts generally want to make the world a better place, and so do nonprofit organizations. Unfortunately, they don’t all accept digital currencies as donations … yet.
Oh, and don’t donate through an unsolicited email request from a “charity” because that’s almost guaranteed to be a scam. But as for the legit avenues to donate your BTC, we’ve rounded up the Top 4.
For over 40 years, and in more than 45 countries, Action Against Hunger has been leading the global movement to end hunger for good. They save the lives of children and their families by treating and preventing malnutrition. Rather than giving people a fish, they teach them how to fish — to provide for themselves, and allow the whole community to prosper.
Founded in 1948, Direct Relief is a humanitarian aid organization with a mission to help those affected by poverty or disasters. They offer targeted and respectful assistance in all 50 states and more than 90 countries, and don’t discriminate based on politics, religion, or the aid recipient’s ability to pay. Areas of focus include community health, maternal health, disease prevention, cancer, HIV AIDS, diabetes, cholera, ebola and other health-related needs and emergencies.
The original Bitcoin and Blockchain nonprofit, started in 2013 by the first female founder in the virtual currency space, BitGive is a pioneer in digital philanthropy. Created with the goal of strengthening charitable impact through a faster and more secure process, BitGive wants to make the process of doing good things better. They use the efficiency and transparency of digital currency to bring real results to real projects. Their platform allows other nonprofits to do their work with real-time accountability as well. Their areas of focus are public health and the environment.
The Giving Block is one of the largest hubs for charities that accept Bitcoin donations, boasting over 130 options. There are lots of niche nonprofits here, as well as major charities. Choose from initiatives like the Water Project, WaterAid America, Operation Smile, Save the Children, No Kid Hungry, The Skatepark Project, the Leukemia and Lymphoma Society, Hope for Haiti, United Way Worldwide, SELF: Solar Electric Light Fund, KIND: Kids in Need of Defense, and more.
If you don’t have any Bitcoin but would love to donate some to a nonprofit, go ahead and grab it at any Coin Cloud machine. It’s the easiest and fastest way to buy Bitcoin, and 30+ other digital currencies, with cash.
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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