How to Accept Crypto Donations on Websites (2024)

Table of Contents
Why Should Churches Start Thinking About Crypto? Fast Transactions from Anywhere Low Transaction Fees International Availability Secure Transfers Transparent Transaction Records More Giving Options What You Need to Know About Crypto What is Cryptocurrency? What is the Best Cryptocurrency, and How Much Is It Worth? Where Do You Hold Crypto? Can You Exchange Crypto for Dollars? Is Bitcoin Stable? Can You Take Crypto Donations? Accepting Crypto Donations on a Website, Step by Step 1. Create a Crypto Wallet 2. Make a Donation Button 3. Implement on Website 4. Convert Crypto into Fiat Currency How Do I Create a Crypto Donation Link? Accepting Donations with QR Codes Accepting Donations Through Engiven How Do I Ask for Crypto Donations? Write Donation Letters Place QR Codes on Your Website Post on Church Social Media Closing Thoughts Want free stuff? Sign Up for Our Newsletter! Why Should Churches Start Thinking About Crypto? Fast Transactions from Anywhere Low Transaction Fees International Availability Secure Transfers Transparent Transaction Records More Giving Options What You Need to Know About Crypto What is Cryptocurrency? What is the Best Cryptocurrency, and How Much Is It Worth? Where Do You Hold Crypto? Can You Exchange Crypto for Dollars? Is Bitcoin Stable? Can You Take Crypto Donations? Accepting Crypto Donations on a Website, Step by Step 1. Create a Crypto Wallet 2. Make a Donation Button 3. Implement on Website 4. Convert Crypto into Fiat Currency How Do I Create a Crypto Donation Link? Accepting Donations with QR Codes Accepting Donations Through Engiven How Do I Ask for Crypto Donations? Write Donation Letters Place QR Codes on Your Website Post on Church Social Media Closing Thoughts podcast transcript Why Should Churches Start Thinking About Crypto? Fast Transactions from Anywhere Low Transaction Fees International Availability Secure Transfers Transparent Transaction Records More Giving Options What You Need to Know About Crypto What is Cryptocurrency? What is the Best Cryptocurrency, and How Much Is It Worth? Where Do You Hold Crypto? Can You Exchange Crypto for Dollars? Is Bitcoin Stable? Can You Take Crypto Donations? Accepting Crypto Donations on a Website, Step by Step 1. Create a Crypto Wallet 2. Make a Donation Button 3. Implement on Website 4. Convert Crypto into Fiat Currency How Do I Create a Crypto Donation Link? Accepting Donations with QR Codes Accepting Donations Through Engiven How Do I Ask for Crypto Donations? Write Donation Letters Place QR Codes on Your Website Post on Church Social Media Closing Thoughts VIDEO transcript Why Should Churches Start Thinking About Crypto? Fast Transactions from Anywhere Low Transaction Fees International Availability Secure Transfers Transparent Transaction Records More Giving Options What You Need to Know About Crypto What is Cryptocurrency? What is the Best Cryptocurrency, and How Much Is It Worth? Where Do You Hold Crypto? Can You Exchange Crypto for Dollars? Is Bitcoin Stable? Can You Take Crypto Donations? Accepting Crypto Donations on a Website, Step by Step 1. Create a Crypto Wallet 2. Make a Donation Button 3. Implement on Website 4. Convert Crypto into Fiat Currency How Do I Create a Crypto Donation Link? Accepting Donations with QR Codes Accepting Donations Through Engiven How Do I Ask for Crypto Donations? Write Donation Letters Place QR Codes on Your Website Post on Church Social Media Closing Thoughts Want free stuff? Sign Up for Our Newsletter! FAQs

Alongside money and other physical assets, more and more nonprofits now accept cryptocurrencies like Bitcoin and Ethereum. With cryptocurrency breaking into the mainstream these past few years, it’s a good idea to start accepting crypto donations at your church.

But how do you accept crypto donations, and why is it a good idea? Read on for a complete guide to accepting crypto donations on your church website!

Why Should Churches Start Thinking About Crypto?

Churches should start thinking about crypto because more people are using it to buy goods and services. Additionally, cryptocurrency offers these benefits:

Fast Transactions from Anywhere

Bank wire transfers can take several business days to clear, and your church members may need to use an ATM or go to a branch if their bank doesn’t have a mobile app. Most cryptocurrency transactions take place through mobile apps and only take seconds to clear, which means you’ll receive donations right then and there.

Low Transaction Fees

Cryptocurrency transactions are usually very cheap, with popular currencies like Bitcoin and Ethereum only costing several cents for each transfer. In contrast, bank wire transfers can cost up to 5% per transaction in fees.

International Availability

Crypto is a borderless currency, meaning people in another country can easily transfer funds to your church without paying high transaction fees. This international availability is essential if your church accepts donations worldwide.

Secure Transfers

Most cryptocurrency transactions are pseudonymous, meaning your church family can choose not to give their names. Additionally, its pseudonymous nature means your donor database is secure, even if a data leak happens.

Transparent Transaction Records

Cryptocurrency transactions are recorded on a blockchain, which is a tamper-proof digital ledger. Everyone can view the blockchain, so donors know where the money has been and where it’s been transferred to. Additionally, transparent records mean you’ll have an easier time calculating taxes later.

More Giving Options

Giving your church family more giving options increases their likelihood of donating. Crypto can complement bank transfers and in-person donations as another way for church members to give.

What You Need to Know About Crypto

You may have questions before you accept bitcoin donations on your website. Here, we answer some of the most popular questions about cryptocurrency:

What is Cryptocurrency?

Cryptocurrency is a virtual currency often used as a medium of exchange or traded as a commodity.

What is the Best Cryptocurrency, and How Much Is It Worth?

Bitcoin (BTC) is widely considered the most valuable cryptocurrency today, valued at over $37,000 per BTC in January 2022. One bitcoin is very expensive, so most bitcoin transactions only exchange fractions of one BTC.

Where Do You Hold Crypto?

Cryptocurrencies are stored in digital wallets. Depending on your needs, you can choose a digital wallet hosted by a cryptocurrency exchange or a hardware wallet.

Can You Exchange Crypto for Dollars?

You can exchange crypto coins for dollars by selling them on exchanges. Cryptocurrency prices often fluctuate, so the dollar value of your crypto donations may change over time.

Is Bitcoin Stable?

Like most crypto, bitcoin is volatile, and its prices may occasionally fluctuate. If you’re looking for a stable cryptocurrency, choose stablecoins that are pegged to fiat currencies like USD Coin and Tether.

Can You Take Crypto Donations?

You can take crypto donations by posting a digital wallet QR code. Your church members can scan this code on their wallet apps and send crypto coins to make donations.

Accepting Crypto Donations on a Website, Step by Step

If you want to accept bitcoin donations on your website, you need to set it up first. Here’s a step-by-step guide to set your church website up for accepting cryptocurrency donations.

1. Create a Crypto Wallet

Your first step is creating a cryptocurrency wallet. You can make a wallet on cryptocurrency exchanges like Coinbase, Crypto.com, and Binance. Generally, these websites need your name, email address, and password to sign up.

Once you’ve signed up and are verified, take the wallet address from your profile and copy it somewhere easily accessible.

2. Make a Donation Button

Creating a QR code is the easiest way to make a donation button for your crypto wallet. Once you have a QR of your wallet address, you can use free images and graphics from Tithe.ly Media to create an appealing design.

Another common method is creating a QR-free button graphic with the embedded link, so that website visitors can click the button and transfer funds to your crypto wallet.

3. Implement on Website

Once you have a button, put it up on your website. Create a heading that announces your church now accepts donations in cryptocurrencies to catch visitors’ attention and let them know how to donate.

4. Convert Crypto into Fiat Currency

We recommend converting your crypto into fiat currency like dollars as soon as possible. Turning your crypto to dollars immediately helps protect it from market fluctuations, ensuring your donation is fully received.

How Do I Create a Crypto Donation Link?

You can create a crypto donation link by copying your wallet address and posting it on your website. Here are two common ways to do so:

Accepting Donations with QR Codes

A QR code is the most common way to share your crypto wallet address. Here’s how to make a wallet code to post on your website:

  1. Get your wallet address: Your wallet address location differs depending on the crypto exchange, but you’ll generally find it under the “Receive Cryptocurrency” option. Some exchanges also give you a QR code, but you sometimes need to copy the address manually.
  2. Create a QR code: If your exchange doesn’t give you a QR code, you can make them on a QR code generator website. Insert your wallet address into the generator, and save the image result.
  3. Post the QR code: Once you have a QR code, you can post this to your church's social media, website, and other places to ask for donations.

Accepting Donations Through Engiven

Engiven, a Tithe.ly partner, is an easier way to accept crypto donations. Engiven allows your church to easily accept donations in bitcoin and 22 other cryptocurrencies.

If you’re a Tithe.ly user, here’s what you need to do:

  1. Sign up for an account: Go to the Tithe.ly and Engiven partner page and sign up for an Engiven account.
  2. Get a donation button: Once logged in, you’ll receive a cryptocurrency donation button linked to your Engiven account.
  3. Add it to your church website: Place the button on your church website next to the Tithe.ly donate button. Now, website visitors can send donations in bitcoin and other cryptocurrencies.

How Do I Ask for Crypto Donations?

Crypto is merely an additional payment option for donors – you can use it to ask for donations in the following ways:

Write Donation Letters

If you're writing donation requests to more modern companies or younger donors, consider including your digital wallet QR code in your letter. Tell the reader that your church now accepts cryptocurrency donations, and they can give by scanning the code.

Place QR Codes on Your Website

You can place your digital wallet's QR code on your website to announce your church now accepts crypto donations. Placing your QR code on the homepage helps donors find your wallet address more quickly.

Post on Church Social Media

Social media is a great way to announce church events and ask for donations. Post your digital wallet QR code alongside an announcement that your church now accepts donations in crypto, so it reaches your followers.

Closing Thoughts

Many people use cryptocurrency because it offers quick and cheap transactions. You can benefit from this developing technology by accepting cryptocurrency as a donation method, increasing the ways your members can contribute to the church.

Want free stuff? Sign Up for Our Newsletter!

Get weekly updates on church tech, happenings at Tithe.ly, free resources for your church and more.Delivered every Thursday.

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AUTHOR

Tithely provides the tools you need to engage with your church online, stay connected, increase generosity, and simplify the lives of your staff.

With tools like text and email messaging, custom church apps and websites, church management software, digital giving, and so much more… it’s no wonder why over 37,000 churches in 50 countries trust Tithely to help run their church.

Alongside money and other physical assets, more and more nonprofits now accept cryptocurrencies like Bitcoin and Ethereum. With cryptocurrency breaking into the mainstream these past few years, it’s a good idea to start accepting crypto donations at your church.

But how do you accept crypto donations, and why is it a good idea? Read on for a complete guide to accepting crypto donations on your church website!

Why Should Churches Start Thinking About Crypto?

Churches should start thinking about crypto because more people are using it to buy goods and services. Additionally, cryptocurrency offers these benefits:

Fast Transactions from Anywhere

Bank wire transfers can take several business days to clear, and your church members may need to use an ATM or go to a branch if their bank doesn’t have a mobile app. Most cryptocurrency transactions take place through mobile apps and only take seconds to clear, which means you’ll receive donations right then and there.

Low Transaction Fees

Cryptocurrency transactions are usually very cheap, with popular currencies like Bitcoin and Ethereum only costing several cents for each transfer. In contrast, bank wire transfers can cost up to 5% per transaction in fees.

International Availability

Crypto is a borderless currency, meaning people in another country can easily transfer funds to your church without paying high transaction fees. This international availability is essential if your church accepts donations worldwide.

Secure Transfers

Most cryptocurrency transactions are pseudonymous, meaning your church family can choose not to give their names. Additionally, its pseudonymous nature means your donor database is secure, even if a data leak happens.

Transparent Transaction Records

Cryptocurrency transactions are recorded on a blockchain, which is a tamper-proof digital ledger. Everyone can view the blockchain, so donors know where the money has been and where it’s been transferred to. Additionally, transparent records mean you’ll have an easier time calculating taxes later.

More Giving Options

Giving your church family more giving options increases their likelihood of donating. Crypto can complement bank transfers and in-person donations as another way for church members to give.

What You Need to Know About Crypto

You may have questions before you accept bitcoin donations on your website. Here, we answer some of the most popular questions about cryptocurrency:

What is Cryptocurrency?

Cryptocurrency is a virtual currency often used as a medium of exchange or traded as a commodity.

What is the Best Cryptocurrency, and How Much Is It Worth?

Bitcoin (BTC) is widely considered the most valuable cryptocurrency today, valued at over $37,000 per BTC in January 2022. One bitcoin is very expensive, so most bitcoin transactions only exchange fractions of one BTC.

Where Do You Hold Crypto?

Cryptocurrencies are stored in digital wallets. Depending on your needs, you can choose a digital wallet hosted by a cryptocurrency exchange or a hardware wallet.

Can You Exchange Crypto for Dollars?

You can exchange crypto coins for dollars by selling them on exchanges. Cryptocurrency prices often fluctuate, so the dollar value of your crypto donations may change over time.

Is Bitcoin Stable?

Like most crypto, bitcoin is volatile, and its prices may occasionally fluctuate. If you’re looking for a stable cryptocurrency, choose stablecoins that are pegged to fiat currencies like USD Coin and Tether.

Can You Take Crypto Donations?

You can take crypto donations by posting a digital wallet QR code. Your church members can scan this code on their wallet apps and send crypto coins to make donations.

Accepting Crypto Donations on a Website, Step by Step

If you want to accept bitcoin donations on your website, you need to set it up first. Here’s a step-by-step guide to set your church website up for accepting cryptocurrency donations.

1. Create a Crypto Wallet

Your first step is creating a cryptocurrency wallet. You can make a wallet on cryptocurrency exchanges like Coinbase, Crypto.com, and Binance. Generally, these websites need your name, email address, and password to sign up.

Once you’ve signed up and are verified, take the wallet address from your profile and copy it somewhere easily accessible.

2. Make a Donation Button

Creating a QR code is the easiest way to make a donation button for your crypto wallet. Once you have a QR of your wallet address, you can use free images and graphics from Tithe.ly Media to create an appealing design.

Another common method is creating a QR-free button graphic with the embedded link, so that website visitors can click the button and transfer funds to your crypto wallet.

3. Implement on Website

Once you have a button, put it up on your website. Create a heading that announces your church now accepts donations in cryptocurrencies to catch visitors’ attention and let them know how to donate.

4. Convert Crypto into Fiat Currency

We recommend converting your crypto into fiat currency like dollars as soon as possible. Turning your crypto to dollars immediately helps protect it from market fluctuations, ensuring your donation is fully received.

How Do I Create a Crypto Donation Link?

You can create a crypto donation link by copying your wallet address and posting it on your website. Here are two common ways to do so:

Accepting Donations with QR Codes

A QR code is the most common way to share your crypto wallet address. Here’s how to make a wallet code to post on your website:

  1. Get your wallet address: Your wallet address location differs depending on the crypto exchange, but you’ll generally find it under the “Receive Cryptocurrency” option. Some exchanges also give you a QR code, but you sometimes need to copy the address manually.
  2. Create a QR code: If your exchange doesn’t give you a QR code, you can make them on a QR code generator website. Insert your wallet address into the generator, and save the image result.
  3. Post the QR code: Once you have a QR code, you can post this to your church's social media, website, and other places to ask for donations.

Accepting Donations Through Engiven

Engiven, a Tithe.ly partner, is an easier way to accept crypto donations. Engiven allows your church to easily accept donations in bitcoin and 22 other cryptocurrencies.

If you’re a Tithe.ly user, here’s what you need to do:

  1. Sign up for an account: Go to the Tithe.ly and Engiven partner page and sign up for an Engiven account.
  2. Get a donation button: Once logged in, you’ll receive a cryptocurrency donation button linked to your Engiven account.
  3. Add it to your church website: Place the button on your church website next to the Tithe.ly donate button. Now, website visitors can send donations in bitcoin and other cryptocurrencies.

How Do I Ask for Crypto Donations?

Crypto is merely an additional payment option for donors – you can use it to ask for donations in the following ways:

Write Donation Letters

If you're writing donation requests to more modern companies or younger donors, consider including your digital wallet QR code in your letter. Tell the reader that your church now accepts cryptocurrency donations, and they can give by scanning the code.

Place QR Codes on Your Website

You can place your digital wallet's QR code on your website to announce your church now accepts crypto donations. Placing your QR code on the homepage helps donors find your wallet address more quickly.

Post on Church Social Media

Social media is a great way to announce church events and ask for donations. Post your digital wallet QR code alongside an announcement that your church now accepts donations in crypto, so it reaches your followers.

Closing Thoughts

Many people use cryptocurrency because it offers quick and cheap transactions. You can benefit from this developing technology by accepting cryptocurrency as a donation method, increasing the ways your members can contribute to the church.

podcast transcript

(Scroll for more)

AUTHOR

Tithely provides the tools you need to engage with your church online, stay connected, increase generosity, and simplify the lives of your staff.

With tools like text and email messaging, custom church apps and websites, church management software, digital giving, and so much more… it’s no wonder why over 37,000 churches in 50 countries trust Tithely to help run their church.

Alongside money and other physical assets, more and more nonprofits now accept cryptocurrencies like Bitcoin and Ethereum. With cryptocurrency breaking into the mainstream these past few years, it’s a good idea to start accepting crypto donations at your church.

But how do you accept crypto donations, and why is it a good idea? Read on for a complete guide to accepting crypto donations on your church website!

Why Should Churches Start Thinking About Crypto?

Churches should start thinking about crypto because more people are using it to buy goods and services. Additionally, cryptocurrency offers these benefits:

Fast Transactions from Anywhere

Bank wire transfers can take several business days to clear, and your church members may need to use an ATM or go to a branch if their bank doesn’t have a mobile app. Most cryptocurrency transactions take place through mobile apps and only take seconds to clear, which means you’ll receive donations right then and there.

Low Transaction Fees

Cryptocurrency transactions are usually very cheap, with popular currencies like Bitcoin and Ethereum only costing several cents for each transfer. In contrast, bank wire transfers can cost up to 5% per transaction in fees.

International Availability

Crypto is a borderless currency, meaning people in another country can easily transfer funds to your church without paying high transaction fees. This international availability is essential if your church accepts donations worldwide.

Secure Transfers

Most cryptocurrency transactions are pseudonymous, meaning your church family can choose not to give their names. Additionally, its pseudonymous nature means your donor database is secure, even if a data leak happens.

Transparent Transaction Records

Cryptocurrency transactions are recorded on a blockchain, which is a tamper-proof digital ledger. Everyone can view the blockchain, so donors know where the money has been and where it’s been transferred to. Additionally, transparent records mean you’ll have an easier time calculating taxes later.

More Giving Options

Giving your church family more giving options increases their likelihood of donating. Crypto can complement bank transfers and in-person donations as another way for church members to give.

What You Need to Know About Crypto

You may have questions before you accept bitcoin donations on your website. Here, we answer some of the most popular questions about cryptocurrency:

What is Cryptocurrency?

Cryptocurrency is a virtual currency often used as a medium of exchange or traded as a commodity.

What is the Best Cryptocurrency, and How Much Is It Worth?

Bitcoin (BTC) is widely considered the most valuable cryptocurrency today, valued at over $37,000 per BTC in January 2022. One bitcoin is very expensive, so most bitcoin transactions only exchange fractions of one BTC.

Where Do You Hold Crypto?

Cryptocurrencies are stored in digital wallets. Depending on your needs, you can choose a digital wallet hosted by a cryptocurrency exchange or a hardware wallet.

Can You Exchange Crypto for Dollars?

You can exchange crypto coins for dollars by selling them on exchanges. Cryptocurrency prices often fluctuate, so the dollar value of your crypto donations may change over time.

Is Bitcoin Stable?

Like most crypto, bitcoin is volatile, and its prices may occasionally fluctuate. If you’re looking for a stable cryptocurrency, choose stablecoins that are pegged to fiat currencies like USD Coin and Tether.

Can You Take Crypto Donations?

You can take crypto donations by posting a digital wallet QR code. Your church members can scan this code on their wallet apps and send crypto coins to make donations.

Accepting Crypto Donations on a Website, Step by Step

If you want to accept bitcoin donations on your website, you need to set it up first. Here’s a step-by-step guide to set your church website up for accepting cryptocurrency donations.

1. Create a Crypto Wallet

Your first step is creating a cryptocurrency wallet. You can make a wallet on cryptocurrency exchanges like Coinbase, Crypto.com, and Binance. Generally, these websites need your name, email address, and password to sign up.

Once you’ve signed up and are verified, take the wallet address from your profile and copy it somewhere easily accessible.

2. Make a Donation Button

Creating a QR code is the easiest way to make a donation button for your crypto wallet. Once you have a QR of your wallet address, you can use free images and graphics from Tithe.ly Media to create an appealing design.

Another common method is creating a QR-free button graphic with the embedded link, so that website visitors can click the button and transfer funds to your crypto wallet.

3. Implement on Website

Once you have a button, put it up on your website. Create a heading that announces your church now accepts donations in cryptocurrencies to catch visitors’ attention and let them know how to donate.

4. Convert Crypto into Fiat Currency

We recommend converting your crypto into fiat currency like dollars as soon as possible. Turning your crypto to dollars immediately helps protect it from market fluctuations, ensuring your donation is fully received.

How Do I Create a Crypto Donation Link?

You can create a crypto donation link by copying your wallet address and posting it on your website. Here are two common ways to do so:

Accepting Donations with QR Codes

A QR code is the most common way to share your crypto wallet address. Here’s how to make a wallet code to post on your website:

  1. Get your wallet address: Your wallet address location differs depending on the crypto exchange, but you’ll generally find it under the “Receive Cryptocurrency” option. Some exchanges also give you a QR code, but you sometimes need to copy the address manually.
  2. Create a QR code: If your exchange doesn’t give you a QR code, you can make them on a QR code generator website. Insert your wallet address into the generator, and save the image result.
  3. Post the QR code: Once you have a QR code, you can post this to your church's social media, website, and other places to ask for donations.

Accepting Donations Through Engiven

Engiven, a Tithe.ly partner, is an easier way to accept crypto donations. Engiven allows your church to easily accept donations in bitcoin and 22 other cryptocurrencies.

If you’re a Tithe.ly user, here’s what you need to do:

  1. Sign up for an account: Go to the Tithe.ly and Engiven partner page and sign up for an Engiven account.
  2. Get a donation button: Once logged in, you’ll receive a cryptocurrency donation button linked to your Engiven account.
  3. Add it to your church website: Place the button on your church website next to the Tithe.ly donate button. Now, website visitors can send donations in bitcoin and other cryptocurrencies.

How Do I Ask for Crypto Donations?

Crypto is merely an additional payment option for donors – you can use it to ask for donations in the following ways:

Write Donation Letters

If you're writing donation requests to more modern companies or younger donors, consider including your digital wallet QR code in your letter. Tell the reader that your church now accepts cryptocurrency donations, and they can give by scanning the code.

Place QR Codes on Your Website

You can place your digital wallet's QR code on your website to announce your church now accepts crypto donations. Placing your QR code on the homepage helps donors find your wallet address more quickly.

Post on Church Social Media

Social media is a great way to announce church events and ask for donations. Post your digital wallet QR code alongside an announcement that your church now accepts donations in crypto, so it reaches your followers.

Closing Thoughts

Many people use cryptocurrency because it offers quick and cheap transactions. You can benefit from this developing technology by accepting cryptocurrency as a donation method, increasing the ways your members can contribute to the church.

VIDEO transcript

(Scroll for more)

Alongside money and other physical assets, more and more nonprofits now accept cryptocurrencies like Bitcoin and Ethereum. With cryptocurrency breaking into the mainstream these past few years, it’s a good idea to start accepting crypto donations at your church.

But how do you accept crypto donations, and why is it a good idea? Read on for a complete guide to accepting crypto donations on your church website!

Why Should Churches Start Thinking About Crypto?

Churches should start thinking about crypto because more people are using it to buy goods and services. Additionally, cryptocurrency offers these benefits:

Fast Transactions from Anywhere

Bank wire transfers can take several business days to clear, and your church members may need to use an ATM or go to a branch if their bank doesn’t have a mobile app. Most cryptocurrency transactions take place through mobile apps and only take seconds to clear, which means you’ll receive donations right then and there.

Low Transaction Fees

Cryptocurrency transactions are usually very cheap, with popular currencies like Bitcoin and Ethereum only costing several cents for each transfer. In contrast, bank wire transfers can cost up to 5% per transaction in fees.

International Availability

Crypto is a borderless currency, meaning people in another country can easily transfer funds to your church without paying high transaction fees. This international availability is essential if your church accepts donations worldwide.

Secure Transfers

Most cryptocurrency transactions are pseudonymous, meaning your church family can choose not to give their names. Additionally, its pseudonymous nature means your donor database is secure, even if a data leak happens.

Transparent Transaction Records

Cryptocurrency transactions are recorded on a blockchain, which is a tamper-proof digital ledger. Everyone can view the blockchain, so donors know where the money has been and where it’s been transferred to. Additionally, transparent records mean you’ll have an easier time calculating taxes later.

More Giving Options

Giving your church family more giving options increases their likelihood of donating. Crypto can complement bank transfers and in-person donations as another way for church members to give.

What You Need to Know About Crypto

You may have questions before you accept bitcoin donations on your website. Here, we answer some of the most popular questions about cryptocurrency:

What is Cryptocurrency?

Cryptocurrency is a virtual currency often used as a medium of exchange or traded as a commodity.

What is the Best Cryptocurrency, and How Much Is It Worth?

Bitcoin (BTC) is widely considered the most valuable cryptocurrency today, valued at over $37,000 per BTC in January 2022. One bitcoin is very expensive, so most bitcoin transactions only exchange fractions of one BTC.

Where Do You Hold Crypto?

Cryptocurrencies are stored in digital wallets. Depending on your needs, you can choose a digital wallet hosted by a cryptocurrency exchange or a hardware wallet.

Can You Exchange Crypto for Dollars?

You can exchange crypto coins for dollars by selling them on exchanges. Cryptocurrency prices often fluctuate, so the dollar value of your crypto donations may change over time.

Is Bitcoin Stable?

Like most crypto, bitcoin is volatile, and its prices may occasionally fluctuate. If you’re looking for a stable cryptocurrency, choose stablecoins that are pegged to fiat currencies like USD Coin and Tether.

Can You Take Crypto Donations?

You can take crypto donations by posting a digital wallet QR code. Your church members can scan this code on their wallet apps and send crypto coins to make donations.

Accepting Crypto Donations on a Website, Step by Step

If you want to accept bitcoin donations on your website, you need to set it up first. Here’s a step-by-step guide to set your church website up for accepting cryptocurrency donations.

1. Create a Crypto Wallet

Your first step is creating a cryptocurrency wallet. You can make a wallet on cryptocurrency exchanges like Coinbase, Crypto.com, and Binance. Generally, these websites need your name, email address, and password to sign up.

Once you’ve signed up and are verified, take the wallet address from your profile and copy it somewhere easily accessible.

2. Make a Donation Button

Creating a QR code is the easiest way to make a donation button for your crypto wallet. Once you have a QR of your wallet address, you can use free images and graphics from Tithe.ly Media to create an appealing design.

Another common method is creating a QR-free button graphic with the embedded link, so that website visitors can click the button and transfer funds to your crypto wallet.

3. Implement on Website

Once you have a button, put it up on your website. Create a heading that announces your church now accepts donations in cryptocurrencies to catch visitors’ attention and let them know how to donate.

4. Convert Crypto into Fiat Currency

We recommend converting your crypto into fiat currency like dollars as soon as possible. Turning your crypto to dollars immediately helps protect it from market fluctuations, ensuring your donation is fully received.

How Do I Create a Crypto Donation Link?

You can create a crypto donation link by copying your wallet address and posting it on your website. Here are two common ways to do so:

Accepting Donations with QR Codes

A QR code is the most common way to share your crypto wallet address. Here’s how to make a wallet code to post on your website:

  1. Get your wallet address: Your wallet address location differs depending on the crypto exchange, but you’ll generally find it under the “Receive Cryptocurrency” option. Some exchanges also give you a QR code, but you sometimes need to copy the address manually.
  2. Create a QR code: If your exchange doesn’t give you a QR code, you can make them on a QR code generator website. Insert your wallet address into the generator, and save the image result.
  3. Post the QR code: Once you have a QR code, you can post this to your church's social media, website, and other places to ask for donations.

Accepting Donations Through Engiven

Engiven, a Tithe.ly partner, is an easier way to accept crypto donations. Engiven allows your church to easily accept donations in bitcoin and 22 other cryptocurrencies.

If you’re a Tithe.ly user, here’s what you need to do:

  1. Sign up for an account: Go to the Tithe.ly and Engiven partner page and sign up for an Engiven account.
  2. Get a donation button: Once logged in, you’ll receive a cryptocurrency donation button linked to your Engiven account.
  3. Add it to your church website: Place the button on your church website next to the Tithe.ly donate button. Now, website visitors can send donations in bitcoin and other cryptocurrencies.

How Do I Ask for Crypto Donations?

Crypto is merely an additional payment option for donors – you can use it to ask for donations in the following ways:

Write Donation Letters

If you're writing donation requests to more modern companies or younger donors, consider including your digital wallet QR code in your letter. Tell the reader that your church now accepts cryptocurrency donations, and they can give by scanning the code.

Place QR Codes on Your Website

You can place your digital wallet's QR code on your website to announce your church now accepts crypto donations. Placing your QR code on the homepage helps donors find your wallet address more quickly.

Post on Church Social Media

Social media is a great way to announce church events and ask for donations. Post your digital wallet QR code alongside an announcement that your church now accepts donations in crypto, so it reaches your followers.

Closing Thoughts

Many people use cryptocurrency because it offers quick and cheap transactions. You can benefit from this developing technology by accepting cryptocurrency as a donation method, increasing the ways your members can contribute to the church.

Want free stuff? Sign Up for Our Newsletter!

Get weekly updates on church tech, happenings at Tithe.ly, free resources for your church and more.Delivered every Thursday.

Sign Up for Product Updates

AUTHOR

Tithely provides the tools you need to engage with your church online, stay connected, increase generosity, and simplify the lives of your staff.

With tools like text and email messaging, custom church apps and websites, church management software, digital giving, and so much more… it’s no wonder why over 37,000 churches in 50 countries trust Tithely to help run their church.

How to Accept Crypto Donations on Websites (2024)

FAQs

How to accept cryptocurrency donations? ›

The donor chooses their preferred cryptocurrency. An invoice is generated which the donor then pays with their crypto wallet. Once the cryptocurrency is received, BitPay converts the donation to fiat. Donations are deposited into the nonprofit's bank account in their preferred fiat currency the following business day.

How do I accept crypto payments online? ›

How to accept cryptocurrency payments
  1. The merchant sends the QR code to the customer.
  2. Customer scans your QR code.
  3. Customer enters their private key (which acts like a password)
  4. The transaction appears on the blockchain (the public ledger)
  5. All the other computers on that blockchain validate the transaction.

What is the website for crypto donations? ›

The Giving Block is the #1 crypto donation solution, which provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies, be found by crypto donors, receive funds instantly, and become part of a network of crypto media partners to support their missions.

How do I accept cryptocurrency for my business? ›

Here are the basic steps to follow:
  1. Understand Bitcoin Regulations in Your Area. ...
  2. Set Up a Crypto Wallet or Gateway. ...
  3. Enable Bitcoin Payments on Your Checkout Process. ...
  4. Integrate Bitcoin Payments With Your Accounting Software. ...
  5. Prepare for Crypto Volatility by Converting Bitcoin to Cash.

Can a non-profit accept crypto donations? ›

Your nonprofit can accept crypto support through another 501(c)(3), such as a donor advised fund (DAF), without taking custody of cryptocurrency.

How can my nonprofit accept cryptocurrency? ›

To do this, you can sign up for a payment processor that will automatically convert crypto into cash for you. However, a more efficient option is to send your donors to Crypto for Charity, which will allow them to direct a gift to your organization and receive a tax receipt while you receive the funds in cash.

What is the easiest way to accept crypto payments? ›

Use a Scannable QR Code

QR codes are becoming more popular to overcome the technicalities of wallet addresses and manually manage transactions. This way, buyers use their wallet app to scan a QR code that carries information about the amount and the recipient address and convert crypto money much faster.

How to accept crypto payments on Shopify? ›

How to accept Crypto Payments on Shopify
  1. In your Shopify admin, click on Setting at the bottom left corner. ...
  2. In the Additional payment methods section, click Add payment methods.
  3. Search and choose the relevant crypto payment platform, click Activate and then click Connect.
Jul 28, 2022

How do I let customers pay with crypto? ›

As with traditional payment methods, you'll need a third party payment provider to process cryptocurrency transactions. As well as the benefits of offloading technical complexity and regulatory obligations, the crypto payment gateway provider can also keep volatile cryptocurrencies off the merchant's balance sheet.

Why accept crypto donations? ›

Because donors do not pay capital gains taxes on donated cryptocurrency, investors are highly-incentivized to donate crypto to charity. Initially, the problem was that most nonprofits didn't know what crypto was, where to find crypto donors, or how to accept it safely and compliantly.

Do you have to report crypto donations? ›

If you donated cryptocurrency worth $5,000 or less, you can report it on Schedule A of your Form 1040 tax return. If you donated cryptocurrency worth more than $5,000, you will need to complete and file Form 8283, Noncash Charitable Contributions, in addition to Schedule A.

What is crypto fundraising platform? ›

A crypto fundraising platform, sometimes called a crypto donation or blockchain platform, processes cryptocurrency donations on a charity's behalf, converting it to fiat currency before transferring it to the charity. Alternatively, a charity might have its own crypto wallet, so it holds cryptocurrency itself.

Are businesses allowed to accept crypto? ›

How can my small business accept crypto payments? Cryptocurrency can be used like money, much like the dollar or the euro. That means businesses can accept payment in cryptocurrency, whether in Bitcoin or another type.

Does PayPal accept crypto payments? ›

With PayPal you can:

Send and receive Crypto to and from eligible confirmed personal PayPal accounts in the U.S. and U.S. Territories (excluding Hawaii.) Buy, hold and sell Crypto. Through checkout with Crypto you can sell Crypto and use the proceeds to pay for purchases through your PayPal account.

What are the risks of accepting cryptocurrency? ›

Cryptocurrency Risks
  • Cryptocurrency payments do not come with legal protections. Credit cards and debit cards have legal protections if something goes wrong. ...
  • Cryptocurrency payments typically are not reversible. ...
  • Some information about your transactions will likely be public.

What is the gift acceptance policy for cryptocurrency? ›

Cryptocurrency is defined by the IRS as property. All Cryptocurrency gifts will be reviewed and accepted upon approval from the Gift Acceptance Committee. Cryptocurrency gifts of $5,000 or more will require a qualified 3rd party appraisal for the donor to take a deduction.

Are crypto donations taxable? ›

Due to its tax treatment by the IRS, by donating appreciated crypto, you won't owe capital gains tax on those appreciated assets as you would have if you had sold the crypto first. For that reason, donating crypto is also more tax-efficient than donating cash.

Is crypto donate legit? ›

If someone got in touch out of the blue to ask for money, even a donation, it might be a scam. Remember that you can't typically reverse cryptocurrency payments and you can't get the money back unless someone sends it back to you. Visit ftc.gov/cryptocurrency for more information on avoiding crypto scams.

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