Nonprofits’ Most-Asked Questions About Crypto Fundraising
Cryptocurrency Fundraising FAQs
How does my organization sign up to accept crypto donations?
Your nonprofit can get started by connecting with a member of our team. Looking for specifics? Click on one of the links below:
- Request More Information
- Book a Demo
- Get Started
How many people use cryptocurrency?
There are currently about 59,100,000 users in the US and 295,000,000 globally. The number of cryptocurrency users has increased exponentially from 2017 to 2022.
Who donates cryptocurrencies?
Cryptocurrency donors are generally Millennials and Gen Z donors. 43% of Millennials prefer crypto investing to stocks, meaning that a significant percentage of Millennials have appreciated crypto they can donate each year for tax purposes.
Does the IRS recognize cryptocurrency donations?
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501c3 charities receive the same tax treatment as stocks. Explore our crypto donations and tax resources.
Which cryptocurrencies are donated the most?
Ethereum, Bitcoin and USDC were the most-donated cryptocurrencies in 2021. While Bitcoin used to be the dominant cryptocurrency for charitable giving, the Crypto Philanthropy landscape has become more diverse over time.
How much cryptocurrency is donated each year?
Currently, there is about $300,000,000 donated in the form of cryptocurrency each year. As the crypto market has grown, so too have cryptocurrency donations.
Can I read any case studies about nonprofits that work with you?
Yes, we have testimonials and case studies from many of our nonprofit clients. Read them here.
Do you have any stats about crypto donations?
Yes, we do. Our 2021 Annual Report contains stats and insights about the most recent year in crypto giving.
How does donor tax receipting work on your donation widget?
When users make a charitable donation on your donation widget, they can choose to receive a donation acknowledgement receipt for tax purposes. To do so, they will need to input an active email address.
Can donors make gifts anonymously?
Nonprofits accepting cryptocurrency donations via The Giving Block widget have the option to enable anonymous donations. Donors can still elect to receive a donation acknowledgment receipt, but they must enter an email address even if they give anonymously.
Which cryptocurrencies can we accept on The Giving Block?
We currently accept more than 70+ cryptocurrencies. View the full list.
How can my donor give a cryptocurrency that isn’t accepted on your website?
We are capable of processing donations in unsupported cryptocurrencies through The Giving Block Institutional’s Private Client Services.
How can a donor make a large donation to my organization?
Donors seeking a white-glove donation experience to make large charitable gifts can work with our The Giving Block Institutional team.
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Start developing your crypto fundraising program by learning how to accept cryptocurrency donations. We’re here to help your nonprofit get started—whether you need additional resources on cryptocurrency or you’re ready for a demo of our platform.