Cryptocurrency Donations FAQ’s

Which cryptocurrencies do you accept?

• We accept the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) API3 (API3) Axie Infinity Shards (AXS) Audius (AUDIO) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Basic Attention Token (BAT) Bitcoin Cash (BCH) ChainLink (LINK) Civic (CVC) Compound (COMP) Curve (CRV) Dai (DAI) Decentraland (MANA) Dogecoin (DOGE) Dogelon Mars (ELON) Enjin Coin (ENJ) Ethereum Name Service (ENS) Fantom (FTM) Fetch AI (FET) Filecoin (FIL) Gala (GALA) Gemini Dollar (GUSD) Injective Protocol (INJ) Keep3r (KP3R) Kyber Network (KNC) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Magic Internet Money (MIM) Maker (MKR) Mask Network (MASK) Merit Circle (MC) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Numeraire (NMR) Orchid (OXT) PAX Gold (PAXG) Polygon (MATIC) Quant (QNT) Radicle (RAD) Ren (REN) Render Token (RNDR) Shiba Inu (SHIB) Skale (SKL) Smooth Love Potion (SLP) Solana (SOL) Somnium Space (CUBE) Spell Token (SPELL) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Terra (LUNA) TerraUSD (UST) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) UMA (UMA) Uniswap (UNI) USD Coin (USDC) Wrapped Centrifuge (wCFG) Yearn.Finance (YFI) Zcash (ZEC) 0x (ZRX) 1inch (1INCH)
  Do not send unsupported currencies (including unsupported ERC-20s, ERC-721s and BEP20s) as they will be lost.

I need a wallet address to complete my donation. Where can I access this information?

• You can generate a wallet address by using our widget above.

1. Choose the currency you wish to donate.

2. Put in any amount for the pledge (don’t worry – receipts will match the actual amount donated).

3. Enter your donor information or choose to donate anonymously.

4. Once you reach the third page, the widget will generate a dynamic wallet address you can use to complete your donation.

Why is the wallet address different every time?

• When using The Giving Block widget you’ll notice that a new wallet address is created every time. This is because The Giving Block uses dynamic wallet addresses.

• This is done to protect your privacy and ours. Doing so helps prevents third parties from viewing all of your transaction history simply by copying and pasting the wallet address or TXID into a block explorer.

• All addresses that are generated are associated with your donor information AND ours forever. This means that you can reuse the address as often as you’d like or you can generate a new one each time. It’s up to you. In some cases, users want to re-use an address because they’ve added it as a payout address in an app or smart contract.

• Note that for ETH, after the first donation is sent, the address is converted to a smart contract.

Will I get a receipt with my donation?

• In order to receive a receipt with your donation, you must enter your email when prompted to in our widget above.You will automatically receive a receipt from [email protected] as soon as the transaction is confirmed on the blockchain. This changes depending on the blockchain – you can refer to this guide for estimates and more information. Please note that you will receive a receipt every time you donate with our wallet address to the receipt you enter when generating the address.

Can I donate anonymously?

• Yes, of course! However, if you’d like to receive a tax receipt, you must enter your email address when prompted on the third page. A tax receipt will only be sent once you’ve entered your email address.

Is cryptocurrency tax deductible?

• Donating cryptocurrency is a non-taxable event. Donors do not owe capital gains tax on the appreciated crypto that is donated and can typically deduct the fair market value of the donation on their taxes. This often makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.

How does the matching campaign work?

• Donations made on or after March 15, 2022 will be eligible for the match, until the match has been fulfilled.
  $5M of the match will be allocated to donations to the Giving Block’s Impact Index Funds, including the Crypto Adoption Fund.
  $5M of the match will be allocated to donations to individual nonprofits on The Giving Block.

Will the match be considered part of my individual donation?

• No.  You will only receive the credit for the donation made by you.

What if I want a refund from my donation?

• All donations are final and will not be eligible for a refund.