Church Fundraising, Cryptocurrency,The Future of BitDonate
Cryptocurrencies have taken the world by storm in recent years, with Bitcoin being the most commonly used altcoin for online purchases. But this is no longer the only thing crypto users are doing with their funds. In 2018, NY philanthropist Sam Levin and his team of blockchain technology experts in Europe created BitDonate, the first crypto platform for charity donations. Since then, the project has picked up steam with 2 million searchable organizations to which people can donate.
This presents a valuable opportunity for both churches and nonprofits that are ready to diversify their fundraising initiatives and fortify support for their cause. Setting up crypto donations independently is a complex process that requires considerable technical skills. Creating such a fund might not satisfy the specific requirements for a donation, which is why it’s best left to a third-party platform that specializes in donor-to-church crypto transactions. This is where BitDonate.com comes in.
The platform allows donors to give anonymously and securely without having to share their personal information with the organization. This can be a major draw for donors concerned about privacy or who might not want their donation to be public knowledge. New crypto platforms also allow donors to give directly to the organization’s e-wallet, which simplifies and speeds up the transaction process.
2021 marked a stark turning point for cryptocurrencies in the nonprofit world. With more than 70 different types of cryptocurrencies now accepted, alternative currency donations reached record numbers, and charities around the world received millions of dollars last year. Total donations from cryptocurrency dramatically increased from 2020 to 2021, along with the average donation size.
Your donors want to support you, but are you making it as easy as possible for them to do so? Now more than ever, giving is a personalized practice – different people prefer to give in different ways. Credit cards, giving kiosks, checks, and cash are no longer the only options. At Donorwerx, we help organizations quickly develop their donor bases and get better results from their fundraising efforts through the power of technology. CryptoDonations through DonorWerx (powered by BitDonate) is an easy and affordable way to keep your organization strong and well-supported for years to come.
What Is BitDonate.com?
BitDonate is the world’s largest online cryptocurrency donation platform based in New York City. It allows nonprofit organizations to raise funds quickly and effectively through cryptocurrency. BitDonate accepts a variety of coins, including Bitcoin, Ethereum, Litecoin, and Dash. Donors can choose to donate to any of the nonprofits listed, or they can create a new fundraiser for their chosen charity or cause.
BitDonate was created to help make it easier for people to donate Bitcoin and other currencies to the causes they care about. Cryptocurrency has seen a massive surge in popularity in recent years, but most donation platforms don’t yet accept these alternative currencies. Thankfully that’s all changing, and the future of BitDonate is brighter than ever.
BitDonate is fair, secure, and transparent. It offers high levels of support to accommodate any problems that an organization might encounter. The platform has been completely redesigned with upgraded donation flow and integrates with Guidestar, the largest database of organizations in the US. It also supports recurring donations, multiple cryptocurrencies, and advanced reporting for donors and organizations. Email notifications are also offered, along with on-the-spot automatic and manual conversions. Custom integrations are possible, as is an improved support system and help section.
Some of the advantages of using BitDonate include increased transparency due to the public ledger, faster transactions with no third-party (like PayPal) needed, and lower transaction costs. These benefits allow both donors and charity recipients to enjoy a better donation experience and overall relationship. Additionally, cryptocurrency donations are tax-deductible in some countries, making it an attractive option for donors interested in the tax benefits.
Transactions are verified by blockchain technology, which makes it nearly impossible for fraudulent transfers to take place. This can help reassure donors that their donations go directly to high-quality organizations and not into someone’s pocket.
How the Process Works
BitDonate has a website and mobile applications available for iOS and Android devices. Users can sign up on the website or through the apps themselves. The app makes it easy for people to contribute cryptocurrency donations without needing to know how it works or being tech experts.
Using BitDonate to submit a donation is super simple for the user:
- Go to BitDonate’s website and click to browse two million organizations.
- Select the cryptocurrency you want to use.
- Fill in your details and send the donation.
- You will receive a confirmation email for your donation.
BitDonate automatically sells all crypto donations for churches at the market price, converting them into US dollars so organizations don’t have to worry about doing it themselves or understanding conversion rates. Churches have historically received little support in setting up effective, streamlined fundraising systems. Platforms like BitDonate are changing that.
The Future of Digital Giving Has Arrived
Crypto fundraising is no longer an outlier practice with high amounts of risk. Today, it’s a mainstream funding avenue for nonprofits of any size that want more reliable and secure donation streams. It’s important to note that churches are not being left out of this growing trend. With just 1,000 members, a California church managed to raise an astounding $6.3 million in just over a month after setting up crypto donations.
Most community members are eager to give to their church, but that doesn’t mean they won’t need a bit of encouragement and instruction on just how to do so. With so many things stealing their attention on a daily basis, your donors (and potential donors) need to be reminded of how quick and easy it is to give a gift to your church. Both single transactions and recurring tithes are supported by crypto giving platforms so your donor base can choose what they are comfortable giving.
Take the First Step
With today’s technological advancements, there’s nothing standing in the way of your digital fundraising initiative. Crypto is one of the biggest tech trends for churches in 2022, and it is only likely to become more vital to church sustainability in the future. By setting up an automated system, you’ll be able to streamline digital giving so that it practically runs itself. Review results and make tweaks as you go, learning what your donors respond to and what they need to become more committed to your organization.
BitDonate is the perfect cryptocurrency donation platform for nonprofits that want to branch out into accepting new forms of digital currency. The platform gives a helping hand to donors from all over the world to contribute to their favorite causes using currencies such as Bitcoin (BTC) and Ethereum (ETH). Plus, it provides detailed reports on donations so you can track your progress and meet funding goals faster. If you’re looking for a secure and flexible online donation platform that’s trending, BitDonate is the way to go.
Take your fundraising to the next level with the help of Donorwerx – Get in touch with usto learn more about how to hit your online funding goals faster and build a community of loyal donors.