What is Civic (CVC)?
Key Facts + Civic (CVC) Donation Stats

About Civic

CVS is the utility token for Civic, a flexible identity verification technology that uses digital identity as a gateway for decentralized finance.

CVC is an ERC-20 token used on Civic, a decentralized digital identity provider. The primary use case of CVC is as a payment verification between “Identity Verifiers” and “Identity Requesters” within the Civic ecosystem. Requesters can be anyone who wants to link KYC/KYB data to crypto wallets. Identity Verifiers are then paid in CVC by Identity Requesters, and the Civic team takes fees for connecting the parties. Additionally, users verifying their information through Civic can share their info and the verification with service providers, which reduces the need to re-verify their identity.

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Why Donate CVC?

Since CVC has appreciated significantly, donating CVC and other cryptocurrencies can save you money on your taxes. Because the IRS classifies cryptocurrency as property, this means you don’t have to pay capital gains tax on your donation and can deduct the amount on your tax return. This is why financial advisors recommend you donate your most highly appreciated assets first. Users who donate and enter their email address will automatically get a compliant tax receipt.

Don’t want your CVC stack to decrease? Repurchase the same amount of CVC afterward and still get the same tax benefits to offset some (or all) of your gains.

How to Accept and Donate Civic (CVC) to Charity
Accept Civic (CVC) Donations

Hundreds of nonprofits are choosing to set up platforms for crypto donations because it will help them:

  • Connect with new, younger donors they typically struggle to engage with
  • Tap into the resources of the emerging crypto and blockchain industry
  • Stay ahead of the curve with today’s fundraising ecosystem

Find out why Save the Children, American Cancer Society and hundreds more are choosing the The Giving Block’s tools and services:

Donate Civic (CVC) to Nonprofits

Investors can become donors by giving a portion of their crypto gains to charity.

  • It’s fast, secure and easy
  • It can drastically lower your taxes
  • It’s rewarding!

Feel great about giving to a nonprofit that accepts crypto donations:

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What is Ethereum?

Ethereum is a decentralized, open-source blockchain with smart contract functionality.

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What is Bitcoin?

Bitcoin is a decentralized digital currency, that can be sent from user to user on a peer-to-peer network.

Learn about BTC

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5 Reasons Why Donating Crypto Can Lower Your Taxes

In recent years, we’ve seen hundreds of millions of dollars in cryptocurrency donated to nonprofits.

Learn more