Accepted coins/tokens and exchange fees
We have integrated Crypto for Charity with Coinbase and Gemini exchanges, which means we can process donations for any cryptocurrency supported by Coinbase and Gemini.
See the links below for more info on the accepted cryptocurrencies for each exchange:
- https://exchange.coinbase.com/assets
- https://support.gemini.com/hc/en-us/articles/115005868106-What-cryptos-are-supported-on-the-Gemini-Exchange
While we don't charge any fees to process donations, crypto exchanges will take their usual small trading fee when we convert donated crypto to cash. See below links for more information on Coinbase and Gemini exchange fees:
- https://help.coinbase.com/en/exchange/trading-and-funding/exchange-fees
- https://www.gemini.com/fees/api-fee-schedule#section-api-fee-schedule
If you're planning on donating more than $500,000 USD worth of crypto, let us know about a week in advance. Depending on which cryptocurrency you're donating, we may be able to do an OTC trade with our exchange partners for a more favorable spread when selling large donations.
IMPORTANT
Many cryptocurrencies exist on various blockchain networks in addition to their own "native" networks. For example, Bitcoin can exist on the Bitcoin network or it can be "bridged" to other networks like Ethereum, Base, Solana, etc.
When you donate crypto assets that can exist on multiple blockchain networks, please confirm from which network you intend to send, and ensure that you select the same network in the "Choose a coin" dropdown where we note the network in parenthesis.
Example:
If you choose "Bitcoin (BTC-BASE)" in the coin dropdown, it means you will be creating a dedicated donation address for Bitcoin (BTC) on the Base network.
When sending your donation to this address, you must make sure you are sending the Base version of BTC.
You may permanently lose funds that are sent to the wrong network.
Note: Since the donation wallets are in the custody of centralized exchanges, looking at the crypto transactions in a block explorer doesn't always tell you what has happened to a specific donation.
Exchanges often leave the crypto in the wallet (or move it around as they wish) and use their existing USD reserves whenever crypto is sold by an exchange customer. They typically use internal ledgers to keep track of customers' assets so it's also not uncommon for them to mix different customers' assets in the same wallet.