GivenGain allows charities to accept cryptocurrency donations by partnering with The Giving Block, a crypto donation facilitator, providing charities with the ability to accept digital currency and receive payouts in fiat money without needing cryptocurrency expertise. The integration offers charities access to a new segment of high-value crypto donors while maintaining their existing donation process and fee structure.
How the crypto integration works:
- Accept crypto: Charities on the GivenGain platform can now accept various cryptocurrencies as donations.
- Fiat payouts: They receive the donation value in traditional fiat currency (USD, GBP), eliminating the need to manage wallets or complex crypto technology.
- Donation flow & fees: The donation process remains familiar for donors, and charities retain their existing fee structure.
Key benefits:
- Wider donor base: Access to a new, growing segment of donors who prefer to give using cryptocurrency.
- Ease of use: Charities don't need to handle cryptocurrency wallets or new technology.
- Increased donation value: The average crypto donation on GivenGain can be significantly higher than traditional methods, such as credit card donations.
In essence, the crypto integration democratizes access to crypto giving for a broad network of nonprofits, making it easier for them to accept digital assets and receive payouts in a familiar currency format.
GivenGain charity profile-related info:
- Crypto donations payouts form part of the standard donation transfer schedules.
- Crypto donations are subject to a 3.9% fee. View our pricing.
- Crypto donations are non-refundable.
- Due to cryptocurrency volatility, the final contribution in local currency may be slightly different, so the contribution and associated fees will be adjusted to reflect the exact value at the time of donation, while maintaining the same percentage allocations the donor selected.