Receiving Bitcoin donations or donations from any other cryptocurrency is actually very simple. Crypto bloggers and YouTubers love to ask for donations on their websites and YouTube channels.
Apparently other sites, especially those that into grey areas when it comes to legalities, like Wiki Leaks and The Pirate Bay also use donations. Hopefully, your goal is not to do anything on the wrong side of the law.
Anyway, here I’ll show you just how easy it is to receive donations and more.
How to get BTC donations: step by step
Step #1 – Create a Bitcoin wallet in order to receive donations
There are probably hundreds of cryptocurrency wallet tutorials on the internet. Heck, I’ve even got one for an EOS wallet. For that reason, I’m not going to go into too many details with regards to this step.
Wallets I would recommend include Exodus, Jaxx, Eidoo, Bitcoin.com. You could probably even get away with using a wallet from your exchange account. When you’ve set up one, you probably won’t have trouble setting up another.
Just choose one from the list, follow the instructions in the links and you’ll be good to go.
Step #2 – Get your Bitcoin wallet address
Each wallet is different but getting your Bitcoin address and/or QR code is very simple. Normally it will require you to navigate to your Bitcoin wallet and click “receive” or something similar. It all depends on the wallet you choose to use.
Here’s an image of a BTC wallet address and the QR code.
Step #3 – Share your address on your website, YouTube channel or whichever way you want
If you’re a blogger you can simply add a widget to your sidebar with your BTC wallet address. For YouTubers, you can just copy and paste it into your description box. You could even send the wallet address to someone directly via email or instant messaging.
Just remember to copy the wallet directly through your computer and not manually. You don’t want to make any mistakes and end up not getting your donations.
Step #4 – Receive your donations
Once you’re set up and have your wallet address, you can just sit back and see the donations roll in, hypothetically of course.
Important to keep in mind
If you’ve ever done research on the subject of receiving crypto donations you’re sure to discover how some stress about BTC transaction fees. Their concerns might be valid, especially if you’re receiving very small amounts of Bitcoin. If so, the transaction costs might eat up most of your donations.
What I recommend is asking people to donate a specific amount, an amount that is not subject to fees all that much. Another option is to ask for donations in other popular cryptocurrencies such as Litecoin, Bitcoin Cash, EOS, Dash, Ethereum just to name a few.
Litecoin is especially much cheaper than Bitcoin for receiving funds and doing transactions.
How to get people to donate?
This is a challenge on its own. I’ve seen Bitcoin wallets with substantial donations in them, but it’s hard to say how that BTC got there in the first place really. Try to provide value to your readers/subscribers or be clear about why you need donations for your cause.
If the subject of donations interest you then this post about a person giving away hundreds of BTC in a competition might be worth a read.
Also, be sure to take a look at all the benefits of receiving donations in BTC here.