Effective Crypto supports making donations in cryptocurrency. Cryptocurrency (crypto for short) is a type of digital currency, secured by cryptography. Common cryptocurrencies include Bitcoin, Ethereum, and Tether.

## Why donate with crypto in general?

Cryptocurrency is an asset, a little bit like shares in a company. Cryptocurrencies are traded just like shares, and have value that can be expressed in terms of regular (fiat) currencies, like USD or GBP.

You could always just sell some of your cryptocurrency (i.e. converting the value back into a regular currency), and then donate the proceeds. However, it might be better to donate the cryptocurrency instead, for two main reasons.

**Firstly, it’s usually more tax-efficient.** Because cryptocurrencies are an asset, selling them (and making a profit based on what you originally paid for them) incurs capital gains tax (CGT) in many jurisdictions. If you instead donate the cryptocurrency, you’ll avoid a capital gains event, which means you won’t have to pay CGT on those profits. (This shouldn’t be treated as tax advice, and you should check what the relevant laws are in your country.)

**Secondly, it’s simpler:** If you already own cryptocurrency, then it saves you the extra hassle of going to an exchange, selling your crypto, waiting to withdraw the proceeds, and then finally making a donation.

## Why donate with crypto with Effective Crypto?

Effective Crypto is one of the best places to donate with crypto.

-   **Lowest possible fees** – many crypto donation platforms charge processing fees of between 1% and 5% (or more). We’re integrated directly with our exchange, so our fees are as low as they can possibly be (typically around 0.2%), and we don’t charge any additional processing fees.
-   **Huge selection of coins and tokens** – in most jurisdictions you can donate in over 130 cryptocurrencies. US donors are limited to a smaller number of currencies for regulatory reasons, but there are still more than 20 coins and tokens to choose from.
-   **Institutional experience** – we’ve been accepting crypto donations since 2017, and have strong ties to the crypto community.
-   **Ease of use** – it’s super simple to donate. Just choose a bundle or create your own allocation, enter your payment amount, make your transfer, and verify your donation. The whole process should take you less than two minutes.
**Tax-deductible** – if you live in a supported jurisdiction (US, UK, NL), your donation will be tax deductible. UK donors can easily claim Gift Aid.

Why donate with crypto on Effective Crypto?

A transaction hash (sometimes called a ‘transaction ID’ or ‘TXID’) is a string of letters and numbers that uniquely identifies a cryptocurrency transaction. 

We need you to tell us the transaction hash of your crypto transfer so that we can match it to your donation and ensure that it is allocated correctly.

## Finding your transaction hash

Your wallet may display the transaction hash immediately after completing the transaction, but if not, you can usually see it by finding the transaction in your wallet’s transaction list and clicking ‘transaction details’ or ‘transaction info’.

If you can’t find your transaction hash, you could try searching for `<name of your wallet or exchange> transaction hash`.

If you still can’t find the transaction hash for your crypto donation, please get in touch so that we can finalize your transfer and send you your receipt.

## Verifying your transaction hash

If you’ve made a crypto donation through Effective Crypto, you’ll need to verify it using the transaction hash. 

Verify your transfer by pasting your transaction hash into the field provided on the last step of the donation flow \[1\], and submitting the form \[2\]. If you’ve already closed or navigated away from the donation page, you can also open the verification page from the link in the email we sent you.

If your wallet is on another device (such as your mobile phone), you can click the ‘verify this transfer on another device’ link. This will let you open the verification page on the device where your wallet lives. We’ll also send you this link via email, so you can also just open it from there.

![Crypto Donation Flow - Verify Transaction Hash](//images.ctfassets.net/afdyh2iav3iy/45YMqNDjV4l1nwTGVXJa3Z/de12a81a99ddb9c54b0298506a1806a9/image5.png)

What is a transaction hash (crypto transaction ID)?

Donating cryptocurrency on Effective Crypto is simple:

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__Step 1.__ The easiest and recommended way is to choose one of our prepared [bundles](/bundles).
If you want to build your own bundle head to our [donate page](/donate), and pick the funds or organizations you’d like your donation to go to. You can donate to several organizations at once, and split your donation between them however you’d like.

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__Step 2.__ Select the cryptocurrency you’d like to donate in [1], and the amount [2]. You’ll see an estimate of how much your donation will be worth in fiat currency [3].

![Crypto Donation Flow - Crypto Donation Data Entry](//images.ctfassets.net/afdyh2iav3iy/nvFD7NK10NK6yZioHocjr/1ae1d4180a8a7cffc1701023c0849548/image4.png)

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__Step 3.__ Fill in the rest of the form (email address, data sharing consent etc.). When you’re ready, click ‘Confirm’ on the payment summary box.

![Crypto Donation Flow - Payment Summary Page](//images.ctfassets.net/afdyh2iav3iy/lPW7pyYHE4aqb3L1Eynvj/4cbd9d33d19dbb0313cc8a264e770339/image1.png)

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__Step 4.__ Transfer your cryptocurrency to the wallet address you see on the screen.

![Crypto Donation Flow - Bitcoin Wallet Address](//images.ctfassets.net/afdyh2iav3iy/1fMIDWgfFtN1rfZS44mKkm/ad1daec6e6884a02bb7f0429abb77a2d/image2.png)

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__Step 5.__ Copy your [transaction hash](/help/3xfJhNfWDhuzY1qqoxT9A4). This is a number that uniquely identifies your crypto transaction on the blockchain, and we need it to verify your donation. You should see it in your crypto wallet, attached to the transaction you’ve just made.

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__Step 6.__ Verify your transfer by pasting your transaction hash into the field provided [1], and submitting the form [2]. This is important: if you don’t tell us your transaction hash, we won’t be able to allocate your donation properly.

If your wallet is on another device (such as your mobile phone), you can click the ‘verify this transfer on another device’ link. This will let you open the verification page on the device where your wallet lives. We’ll also send you this link via email, so you can also just open it from there.

![Crypto Donation Flow - Verify Transaction Hash](//images.ctfassets.net/afdyh2iav3iy/45YMqNDjV4l1nwTGVXJa3Z/de12a81a99ddb9c54b0298506a1806a9/image5.png)

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That’s it! You should receive your email receipt in the next 10-20 minutes, depending on how long it takes the transfer to confirm on our end (though please allow up to two hours).

If you have any questions, please feel free to [contact us](/help).


How do I donate crypto on Effective Crypto?

Yes! We’ve accepted many crypto donations worth over $1 million. However, for donations of this size, we may elect to sell the crypto manually, depending on the coin, the liquidity of the market, and other factors. This might delay us sending your receipt.

If you’re planning to donate more than $500,000 or equivalent, please feel free to get in touch to discuss.


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