FAQs for Crypto Donors

By donating crypto to nonprofit organizations, crypto donors are eligible for huge potential tax savings. While each donor has a unique financial situation, the IRS has classified cryptocurrencies as property, much like stocks, so users may be able to deduct their crypto donations to reduce their overall tax bill. We offer informational resources on crypto donations and taxes, but please consult a tax advisor about your specific circumstances.

When you donate crypto to a registered charity, you do not recognize capital gains from the donation and can deduct it on your taxes. In other words, donating your crypto can often reduce your tax burden. Would you rather donate to the IRS or your favorite cause?

Check out our roster of more than 1,500 nonprofits currently accepting crypto donations.

Yes, we understand that privacy is a top concern for many people. That’s why we have the option for donors to give anonymously. Please note that, while most nonprofits allow for anonymous donations, each nonprofit has the option to turn this option on or off.

With us, you can. We have an option for donors to submit only an email in order to receive an automatic tax receipt. This option is not supported by all of our nonprofits, but most of them allow anonymous donations.

We’re more than a technical solution for nonprofits—we help them fundraise and connect with the diverse community of crypto donors, from NFT creators to the occasional whale.
Two words – cryptocurrency adoption. Our goal is not only to set up nonprofits to accept cryptocurrency donations, but for them to talk about crypto, driving adoption. When you support one of our nonprofits, you support a nonprofit who is vocal about crypto.

No need to convert it! Instead of selling your Bitcoin or another cryptocurrency and donating the after-tax proceeds, you can donate your Bitcoin and other cryptos directly to charities and other nonprofits, which means your tax deduction will be the same as the market value of the donation.

If you’re interested in making a crypto donation to a nonprofit not currently supporting crypto, let us know and we’ll set them up!

NFT projects and platforms have been incredibly generous in donating to nonprofits. If you would like to discuss ways your NFT project can make a charitable impact, let us know.

Yes, our Institutional services team can help you execute a large donation. Please visit The Giving Block Institutional for assistance.

We accept more than 70 cryptocurrencies, but are also able to process donations for other tokens occasionally. To inquire about donating a cryptocurrency that is not currently supported by our Donation Form, please contact us.

Yes, we do. Our recent 2021 Annual Report contains many statistics and insights about Crypto Philanthropy today.

Yes, you can read several case studies and testimonials about nonprofits that accept cryptocurrency donations with The Giving Block.

When using The Giving Block Donation Form you’ll notice that a new wallet address is created every time. This is because The Giving Block uses dynamic wallet addresses. This is done to protect the privacy of donors and nonprofits. These security measures help prevent third parties from viewing your transaction history simply by copying and pasting the wallet address or TXID into a block explorer. ​All addresses that are generated are associated with your donor information and the nonprofit forever. This means that you can reuse the address as often as you’d like or you can generate a new one each time. It’s up to you. In some cases, users want to re-use an address because they’ve added it as a payout address in an app or smart contract. Note that for ETH, after the first donation is sent, the address is converted to a smart contract. The address is associated with your donor information so that every time you donate, if an email address was provided, you will automatically receive a receipt as soon as the transaction is confirmed on the blockchain.

Please contact us and we will be glad to assist you.