Bitcoin as Means of Donation

[DarkDays]

Unless Bitcoin is being directly provided to the recipients, then I really don't see the benefit of adding Bitcoin as payment method to donation platforms—it just leads to less money eventually reaching the end-user.

After all, surely these platforms are going to have to cash out their BTC for cash, then they'll get charged a commission of let's assume 1% overall.

That means only 99% of the money actually ends up in their account for disbursement.

Simply sending the equivalent in cash to this same account would yield 100% of the value, thereby doing more to aid charitable causes.

I mean I can understand adding additional options for those who can ONLY pay with Bitcoin, but other than those rare cases, cash is simply better in this case.

That's my unpopular opinion on the subject.

[xvids]

BTC would really help a lot for donations since it wouldn't take so long for them to receive the BTC unlike when the donation comes from other country then it would take some time.
And also it would be much more easier for them to accept donations world wide when they accept BTC for their donations .
It would be a good for them and for crypto as well they would both gain attention and free publicity just like what this one.

[AniviaBtc]

It is good to see when an organization, business or known personality declared that they are accepting bitcoin.

As part of adoption, they are looking to the possibility that bitcoin will be massively used and they didn't go wrong accepting it.

if those people or organizations accepted bitcoin as payment, then it translates the fact that they recognize that bitcoin has value in the market and they believe its existence. because if they have no slight trust in dealing with crypto, they won't accept it and will prefer to stick in fiat.

or they may be trying to explore their horizon in cryptocurrencies, either way, it is good for crypto adoption. remember, their fans and supporters will always find a way how to access their idols.

If the crypto community give something for the society then they will know that bitcoin brings a positive vibes to those in needs. People should comprehend that bitcoin is not only about money, we want to inform other people that it will help us grow and help us unite as one. Bitcoin can be a source of income and at the same time, a source of peace and unity to other people. In addition, it will also help us to promote bitcoin to earn more respect and popularity so that people will become more knowledgeable about the advantages of cryptocurrency in our economy. Crypto community doesn't want you to give back after the donation, we just want you to know that crypto needs mass adoption and support by the help of the society and the government. Bitcoin really has an importance in the market and we need to take advantage to it for the people to grow.

[Debonaire217]

BTC would really help a lot for donations since it wouldn't take so long for them to receive the BTC unlike when the donation comes from other country then it would take some time.

Definitely, because it will undergo enormous amount of verification and might take days to fully verify and receive by the charities, unlike through bitcoin, the transaction speed will depend in the miners and verification is fast. Plus, the anonymity of the donor will be preserved.

And also it would be much more easier for them to accept donations world wide when they accept BTC for their donations .
It would be a good for them and for crypto as well they would both gain attention and free publicity just like what this one.

The main thing I like about this is that people can donate no matter how much it is, and will not worry about being indentified. So, for some angels out there's with pure heart to donate, bitcoin is the best option to do so, just like what the other people here say about the mixers that they can use in order to make the transaction unidentifiable.

[isaac_clarke22]

~

Definitely, because it will undergo enormous amount of verification and might take days to fully verify and receive by the charities, unlike through bitcoin, the transaction speed will depend in the miners and verification is fast. Plus, the anonymity of the donor will be preserved.

~

The main thing I like about this is that people can donate no matter how much it is, and will not worry about being indentified. So, for some angels out there's with pure heart to donate, bitcoin is the best option to do so, just like what the other people here say about the mixers that they can use in order to make the transaction unidentifiable.

I never donated yet in the charity, because I don't know how it is supposed to be done. I am surprised that verification is being done to these yet, but good thing Bitcoin already covered that for us. I have a similar app to that though and it is being used in my country locally and it is Coins.ph. It is somehow a multi purpose and not just for donation though. I am happy that these donation through Bitcoin is being put into thought though and not just merely buying products in the internet.

[danherbias07]

Remember, the development of bitcoin will be based on the people who are using it. We shouldn't make the reputation of bitcoin bad just because of our personal interest.

I will just quote the last part since I think this is an important one.

Personal interest. Don't we see it already with scam ICO's. If not personal then a team bad intention to just make money out of nothing.
They use bitcoin and Ethereum as means of payment to avoid tracks.
Although there is still a way.

It is not that different with donations since they are just using the offering word in exchange for their tokens.
We will see more of it once there is a news that bitcoin will grow again after the halving. News which are backed up by facts.

[btc78]

I will be glad to use this mate and thanks for sharing.

for couple of times i have supported some NGO's and send thru remittance centers but now having this?perfect for my needs.

anyway are this available worldwide?or there are only limited countries that can be sent donations?

[boyptc]

It is good to see when an organization, business or known personality declared that they are accepting bitcoin.

As part of adoption, they are looking to the possibility that bitcoin will be massively used and they didn't go wrong accepting it.

if those people or organizations accepted bitcoin as payment, then it translates the fact that they recognize that bitcoin has value in the market and they believe its existence. because if they have no slight trust in dealing with crypto, they won't accept it and will prefer to stick in fiat.

or they may be trying to explore their horizon in cryptocurrencies, either way, it is good for crypto adoption. remember, their fans and supporters will always find a way how to access their idols.

Yes, the recognition of bitcoin is already a big thing for the community. That's what is made for to be recognized as a payment and being a monetary medium just like fiat.

They are aware too, maybe, of the existence of the people who are holding it and probably want to send it as a donation.

[plvbob0070]

If others are using Bitcoin to do illegal transactions, why not use it to do good right? I've seen a lot of articles already for the past few months that they will be adapting crypto donations. This is actually a good step for crypto to be known and to be accepted by people. It's also a way to correct other's mindset of what they think about crypto. Some think of crypto as a scam and illegal but with this donation opportunity, it can make them realize that they are wrong. Aside from that, we can maximize the use of Bitcoin with this while it's still in the process of mass adaption.

I hope that we will be able to see more things like this to brighten our days. It feels great to see this kind of news in times when almost all current issues are bad news. And that the use of Bitcoin won't just be limited to foundations but also bigger companies will accept Bitcoin and another cryptocurrency. I also hope that we crypto users won't be afraid of trying this thing because we're the ones who need to try it to encourage non-crypto users to also try crypto options.

[Anakcikal]

In my opinion, with the times and increasingly advanced technology, continuing to open a donation service with Bitcoin is an ecosystem of togetherness to build a better life that is more easily realized and can help people affected by disaster.

[Assface16678]

If others are using Bitcoin to do illegal transactions, why not use it to do good right? I've seen a lot of articles already for the past few months that they will be adapting crypto donations. This is actually a good step for crypto to be known and to be accepted by people. It's also a way to correct other's mindset of what they think about crypto. Some think of crypto as a scam and illegal but with this donation opportunity, it can make them realize that they are wrong. Aside from that, we can maximize the use of Bitcoin with this while it's still in the process of mass adaption.

I hope that we will be able to see more things like this to brighten our days. It feels great to see this kind of news in times when almost all current issues are bad news. And that the use of Bitcoin won't just be limited to foundations but also bigger companies will accept Bitcoin and another cryptocurrency. I also hope that we crypto users won't be afraid of trying this thing because we're the ones who need to try it to encourage non-crypto users to also try crypto options.

Before we are seeing the use of the bitcoin is just an illegal payment or action to the people who do doing not good but it is better if we change this norms what if we use the bitcoin for making a payment for donation because today there are a lot of people making trouble to their economic status and it is better if we help them because most of the users today are now using the cryptocurrency because it is faster and secured than the use of traditional payment because before we need to transfer the money to other people before it gets by the receiver but with the help of the bitcoin and cryptocurrency we can now make a lot of changes that we can now use the crypto to transfer easily the money and direct to contact and help them.

[Reid]

It's like admitting bitcoin is a real currency. But yet, they are those who are still hard headed telling it is not.
It is just something which is created for pyramid scamming or whatever they call it.
I don't get it. 

Well, donation is a good chance for bitcoin to easily say it is money.
It can be used to buy something or anything else just like how fiat will do.
In the end though, it is merchants which we lack.

[Twentyonepaylots]

It's like admitting bitcoin is a real currency. But yet, they are those who are still hard headed telling it is not.
It is just something which is created for pyramid scamming or whatever they call it.
I don't get it. 

Bitcoin as means of donation, why not? It does not have that much difference with donating a fiat coz you can easily convert it into fiat. Bitcoin has become the most friendliest coin of all time, it gives a lot of help in financial terms and we came across to a point where it can be donated to charities and different institutions. But with times like this, we better be wise if we are going to donate bitcoins or fiat.

Well, donation is a good chance for bitcoin to easily say it is money.
It can be used to buy something or anything else just like how fiat will do.
In the end though, it is merchants which we lack.

No, it is not the merchants that we lack off, we lack of confidence to donate or even use it as most people are just making it as an alternative investment.

[Reid]

Well, donation is a good chance for bitcoin to easily say it is money.
It can be used to buy something or anything else just like how fiat will do.
In the end though, it is merchants which we lack.

No, it is not the merchants that we lack off, we lack of confidence to donate or even use it as most people are just making it as an alternative investment.

You can add that up.

But, don't we really lack merchants?
It became an investment because of that. There is no usage. So what will you do? Do you have a choice? You will just keep it.
As if I will go to Japan just to maximize the usage of my bitcoin.
Hell, I will be kicked out of that country in just weeks of staying there.
That is the problem.

Donating is not. As long as it is for something good and real.
You know why people lack the confidence to donate? Scams, thieves, and abuse. That is why.8

[PeRo]

It is good that you can donate Bitcoin, but cash is still a major payment method for donations. This will help, but if you really want to donate you can give cash, so I don't think it will help a lot, unless most people dom't use fiat.

Reminder: Make your donations using 1 sat/B. They don't care if your donation reaches them today or tomorrow...

In fact i sustain that every bitcoin transaction should be done at 1 sat/B unless there is some sort of emergency. Say no to wallet traffic guessing nonsense, bitcoin transactions are cheap when you are in control.

So next time you wanted to gift $10 to someone, don't let the (idiot) wallet burn $5 to send, when a manual 1 sat/B fee could easily lower that to about 3¢.

I agree that you should use lower fees if your transaction doesn't need to be done right away, but 1sat/B is so low it would take a week or more to process the transaction. You don't need to give half of the transaction for fees, but don't be so cheap, 50 cents on a tx of 10$ isn't that bad, you wont go broke.

[Yatsan]

It is good that you can donate Bitcoin, but cash is still a major payment method for donations. This will help, but if you really want to donate you can give cash, so I don't think it will help a lot, unless most people dom't use fiat.

As for my opinion, donating bitcoin would just ruin the institution or the charities plan. Imagine if these homes have 100 kids yet their bitcoin value in total could just afford to buy for 75, tomorrow 60 the next day 150. See my point? the volatility is really the problem on which we cannot really handle even a bit handy. Fiat is still the best means of donation, and it will not give added cost like transaction fees for conversion and can directly spend.  On top of these things, who will donate bitcoin if the price could double the next week?

Reminder: Make your donations using 1 sat/B. They don't care if your donation reaches them today or tomorrow...

In fact i sustain that every bitcoin transaction should be done at 1 sat/B unless there is some sort of emergency. Say no to wallet traffic guessing nonsense, bitcoin transactions are cheap when you are in control.

So next time you wanted to gift $10 to someone, don't let the (idiot) wallet burn $5 to send, when a manual 1 sat/B fee could easily lower that to about 3¢.

I agree that you should use lower fees if your transaction doesn't need to be done right away, but 1sat/B is so low it would take a week or more to process the transaction. You don't need to give half of the transaction for fees, but don't be so cheap, 50 cents on a tx of 10$ isn't that bad, you wont go broke.
See the hassle if we donate bitcoin? Much better if we donate a direct object or ready to use stuffs. Transaction fees are harder to manifest with different phase of the market.

[gundala]

~
With that all said, if we have a project, a charity as an example, it might be easier for us to seek for donations thru the means of bitcoin. That if people question why bitcoin? then a good answer is probably the latest news concerning human rights promotion of using bitcoin as donation.

This can be one good marketing strategy to give a good image to the general public. News on TV and similar media are often hyperbole in providing news and facts that exist in the crypto world, so that ordinary people are often affected and consider that crypto is dangerous. With positive activities through fundraising with bitcoin can have a positive impact, but its effectiveness must also be considered, because BTC is very volatile, prioritizing donations to the right target and functioning optimally. Some local crypto communities in my area also often do charity activities, social services, etc., this is a very positive activity.

It is good that you can donate Bitcoin, but cash is still a major payment method for donations. This will help, but if you really want to donate you can give cash, so I don't think it will help a lot, unless most people dom't use fiat.

Of course, fiat is more effective. But here, the OP also discusses the good effects of bringing BTC at once in charity work, to provide positive support, and can be a simple educational tool to the general public that BTC can also be used for that. Well, it requires more complex management and will be distributed directly in the form of "more acceptable" for example in fiat or basic needs and other needs, but this option can be well considered.

[elenag1042]

Bitcoin is cash. Obviously  it may be given out as an alternative by beneficent establishments and associations for those that have an enthusiasm to give and might want to execute utilising Bitcoin. the extraordinary thing about Bitcoin gift is that you essentially can monitor it. you perceive the overall population address of the foundation so everything is incredibly straightforward. you besides may realise whether it's now moved or spent and to which address it's moved. Gifts in fiat don't give that include.

[Jako0203]

Bitcoin ks prominent nowadays because of its consistency and persistence in ths virtual world. Not just in giving people the opportunity to gain money, but to help other individual cater the same opportunity they had. And I guess because of this Pandemic, it won't be bad to make Bitcoin as a form of Donation.

[Artemis3]

It is good that you can donate Bitcoin, but cash is still a major payment method for donations. This will help, but if you really want to donate you can give cash, so I don't think it will help a lot, unless most people dom't use fiat.

As for my opinion, donating bitcoin would just ruin the institution or the charities plan. Imagine if these homes have 100 kids yet their bitcoin value in total could just afford to buy for 75, tomorrow 60 the next day 150. See my point? the volatility is really the problem on which we cannot really handle even a bit handy. Fiat is still the best means of donation, and it will not give added cost like transaction fees for conversion and can directly spend.  On top of these things, who will donate bitcoin if the price could double the next week?

Reminder: Make your donations using 1 sat/B. They don't care if your donation reaches them today or tomorrow...

In fact i sustain that every bitcoin transaction should be done at 1 sat/B unless there is some sort of emergency. Say no to wallet traffic guessing nonsense, bitcoin transactions are cheap when you are in control.

So next time you wanted to gift $10 to someone, don't let the (idiot) wallet burn $5 to send, when a manual 1 sat/B fee could easily lower that to about 3¢.

I agree that you should use lower fees if your transaction doesn't need to be done right away, but 1sat/B is so low it would take a week or more to process the transaction. You don't need to give half of the transaction for fees, but don't be so cheap, 50 cents on a tx of 10$ isn't that bad, you wont go broke.
See the hassle if we donate bitcoin? Much better if we donate a direct object or ready to use stuffs. Transaction fees are harder to manifest with different phase of the market.

This is not true, 1sat/B rarely takes even a day, i have been doing 1sat/B transactions for the past year. You should try it more often, i have even had one such transaction confirm in 30 minutes, something like a couple of hours is more common. 6 hours is uncommon and more is rare.

There is no hassle in donating bitcoin, its simply getting their address and sending funds. In fact every other method is more cumbersome, and usually requires login, etc. The OP example is using a payment processor, which makes it overkill, but i guess that means they never get bitcoins but fiat.

"Fluctuation" is not an issue and humanity is going to learn this once their fiats start collapsing. Bitcoin is rock solid next to my country's fiat, for example. You live under an illusion thinking those top fiat coins can never collapse, you have already seen the US administration printing money to "aid" people giving them an universal wage. You think they could keep doing this forever and nothing happens? Every extra dollar you add that wasn't before is building pressure for a massive inflation, they have extra leverage compared to most countries, as too many foolishly trust the USD but even the USD isn't immune to collapse, its a time bomb that's ticking, and when it crashes it will pull down many other fiats with it.

Look at bitcoin staying around 7k during this pandemic, while everything else went down. Its an excellent performer. People will learn to save in bitcoin and don't pay attention to daily, weekly or monthly fluctuations. Look further ahead and average the price. Fluctuation is a symbol of freedom.