How to donate cryptocurrencies

There are many advantages to Bitcoin over the traditional payment systems. Because bitcoin is decentralized, you don't need to pay fees to any middleman, which are very expensive in a centralized system. The transactions cannot be censored, meaning that there is no form of authority that can dictate which transactions can and cannot happen.

Bitcoin is a useful tool for both anonymous and transparent payments. If you want to - and you know what you are doing - you can be completely anonymous, but, you can be fully transparent and use the blockchain as an immutable proof of payment.

These characteristics have made Bitcoin a superior tool to be used in various areas. One of the most relevant examples would be charity. Bitcoin allows donators to give back in an anonymous way, while still allowing them to keep track of their donation and what it's used for. The global nature of Bitcoin has made donations much more efficient by skipping middleman and conversion fees and allowing funds to be transferred almost immediately.

Let's see how to donate by using Bitcoin. If you want, you can also donate with other cryptocurrencies like Ether or Dash.

How to donate in 3 easy steps

The first thing you'll need is, of course, Bitcoin. Unless you got an early Christmas present this year or that you're a miner, the only way to acquire Bitcoin would be to purchase it from an exchange or person. There are many exchanges available for most national currencies. You can also opt for a decentralized exchange like Bitsquare, which will allow you to retain your privacy and control of your funds.

Step 1: Buy or mine the Bitcoins you would like to donate.

Step 2: You can either store your bitcoins on an exchange, which we strongly advise against, or you can move them to a Bitcoin wallet. Tha latter solution will allow you to stay in control of your private keys.

Step 3: You now have Bitcoin in a wallet or exchange. Time to donate to charity! Head over to the footer of this page and click on the donate link. You'll get a pop-up and you can view the addresses / QR codes and use them at your discretion.