Starting with Bitcoin, cryptocurrencies have made many people rich and it is normal to want in on the action. However, investing in crypto is like riding a tiger so you need to create a well-balanced crypto portfolio built on prudent allocation and diversification.
This guide discusses the things to consider when creating a portfolio of digital tokens. By studying the factors that should influence your choices, you can put yourself in the best position to benefit from the current crypto boom.
A typical portfolio consists of financial investments like bonds, equity, treasury bills and ETF instruments. It's a collection of investments spread across different asset classes. A crypto portfolio, on the other hand, consists of just one asset class—cryptocurrencies.
Within this asset class, however, are different types of cryptocurrencies, and the goal is to spread investments in a way that optimizes overall gains and minimizes the impact of a single failed investment.
A typical crypto holding can consist of Bitcoin, established altcoins like Ethereum, emerging coins like Solana, new coins like Kyrrex (KRRX) and speculative tokens from an ICO or IDO, and financial crypto products like options or leveraged tokens.
The best crypto portfolio allocation is a matter of both perspective and debate. Some rely on concentrating their holdings among a small number of popular, well-backed coins. Others prefer spreading risk among a larger basket of coins to maximize opportunities.
Ultimately, each investor's choice should reflect their broader aims in the cryptocurrency market. Those in it for the long haul might consider a bigger portfolio. Casual traders may eye a few trending coins for short-term gains.
When creating a diversified cryptocurrency portfolio, a few ground rules should be observed.
Higher risks can mean higher rewards. It can also mean bigger losses; so, spread your risk accordingly. Identify high, medium and low-risk coins and spread your investment appropriately.
In general, you should go for investments that promise steady gains even if it takes a little longer to materialize. Don't focus too much on pump-and-dump coins or FOMO just because others are doing so.
Stablecoins can be your get-out-of-jail card so try to have some at all times. You can quickly exploit an uptrend or convert it to fiat in an emergency. Stablecoins are also your gateway to many platforms on different chains because of their "agnostic" nature.
When you make gains, practise converting some, if not all, your initial principal to a stablecoin to protect yourself from a sudden dip.
Go into crypto investment with a good plan but don't be afraid to switch things up as the things evolve. The market may not play to your expectations, adjust your portfolio spread to cope with the situation.
Excess greed can cause investors to lose all their money. After making some gains, convert a portion to a stablecoin or take it out of crypto altogether. Set realistic targets and be pragmatic about unexpected windfalls.
Avoid revenge trading as well. If you lose lots of money to a tanking coin, don't try to win your money back immediately. Be rational about things. Analyse the token and move on if its long-term indicators don't favour you.
Do your own research. If a coin intrigues you, go undercover. Who are its promoters? How has it done so far? What is its max supply and tokenomics? What uses does it have?
Don't just buy into hype or rumour; find the substance. Crypto analysts aren't infallible so you should complement their enthusiastic declarations with your own research.
The crypto space has more tales of woe than triumphs of joy to share. It's the wild west out there so only put in what won't break you financially.
From the start, decide what proportion of your finances to invest in this sector and stick to your decision. Sometimes, you may feel like putting in more money to take advantage of new opportunities. Those occasions should be rare. Instead, focus on enlarging your portfolio by redistributing gains.
There are different ways to diversify your crypto holdings and spread risk. You can invest in different tokens, add crypto derivatives to your portfolio, or buy into a crypto fund.
In general, you can profit by investing in strong-performing coins across various blockchains and utilities.
Payment coins are the big daddies of the crypto sphere. The original aim of cryptocurrency is to transfer value while bypassing centralized regulation. The initial rush of coins that followed BTC had the same purpose.
These days, most of them are less well-known than before. While several have faded from the scene, a few still primarily deal with payments.
Apart from Bitcoin itself, coins like Litecoin (LTC) and Bitcoin Cash (BCH) remain good investment vehicles. Perhaps the most popular of the non-BTC payment coins is XRP, from Ripple.
Payment coins maintained their appeal from the first generation into the current crypto boom. They represent flexibility of use: you can either hold them long-term or use them to make payments.
Stable coins or stablecoins are an important type of cryptocurrency that should be in everyone's portfolio. A stable coin is pegged to the value of an underlying asset. In most cases, this asset is a globally-regarded currency like the US dollar. A stable coin can also track the value of a rare asset like gold.
Most familiar stablecoins use the USD as the underlying asset. The coin rises as the dollar rises and falls as it falls. Stablecoins enable investors to quickly switch from a volatile cryptocurrency.
Holding a stablecoin also enables you to quickly take advantage of market situations instead of wasting time converting fiat. Outside BTC, most crypto coins have a stablecoin as one of the trading pairs; hence there's no need to convert to something else before making a purchase.
With a stable coin, you're not looking to reap gains in the asset's value but get stability. However, the type of stablecoin you have should be related to the platforms you transact on. Some platforms support certain stablecoins but not others.
You can buy and trade stable coins on Kyrrex crypto platform.
A blockchain coin is a cryptocurrency that serves as the native token of a blockchain. A blockchain is the underlying technology that allows coins to be bought and sold anonymously. Each blockchain has a record of every transaction made on the network.
A blockchain coin is used to make payments for transactions conducted on the network. People who verify and approve exchanges made on the Ethereum network are paid in Ether, for example. Popular blockchain coins generally see their value skyrocket as the underlying network gets more traffic. Hence, they have become a popular instrument for crypto investors.
This type of crypto coin is among the safest when thinking about your crypto portfolio allocation. Blockchains are massive ventures that involve lots of commitment and resources, especially from institutional investors.
Security tokens are best thought of as coins pegged to the value of a traditional security on the stock exchange. They behave like stocks in many ways and are subject to the same regulations.
Any platform that offers a security token has to first get the permission of the local regulators. It is illegal to offer a collateralized security product otherwise.
A security token can represent shares in a company, bonds from a project, or rights to vote. They're a convenient way for individuals to acquire equity without going through stockbrokers.
Utility tokens act as the gateway to a product or service. In that general sense, blockchain coins are also utility tokens since you need them to pay gas fees when using the relevant network.
In a narrower sense, an utility token provides access to the issuing platform's services. Many exchanges have a token that can be used to pay transaction fees. If you make use of a platform regularly, holding its utility token is probably a good idea. You'll get to enjoy discounted trading, higher interests, and other perks.
Governance coins generally overlap with utility tokens and blockchain cryptocurrencies. Some platform tokens have governance as one of the benefits for holders.
For a governance token, anyone holding a certain number of the tokens gets to have a say when changes are being made. For example, ETH holders can debate and formulate proposed changes under Ethereum Involvement Proposals or EIPs.
A meme coin is linked to a theme or joke rather than a serious use case. A meme coin holds no intrinsic value but is created for fun.
That said, some meme coins, especially Dogecoin (DOGE) and Shiba Inu (SHIB), have turned out lucrative for speculators who got in at the right time.
Crypto coins are just one side of the equation when you want to make a crypto portfolio. The other side is investing in crypto derivatives and other financial products linked to the crypto market.
When holding crypto coins the traditional way, your profit or loss is tied to whether the coin rises or falls. With crypto derivatives, you don't need to actually hold the underlying asset to benefit. However, trading derivatives is a bit more complex than traditional spot trading.
In crypto futures, you simply bet that the value of the underlying asset will go in a certain direction. If your bet is correct when the duration specified in the futures contract is over, you make a profit. If you guessed wrongly, you make a loss.
Futures products are offered in many popular exchanges. There are weekly, monthly, quarterly etc. contracts. If you believe the price of the asset will go up by the expiration date, you long the contract, and if you believe it will go down, you short it.
Options contracts give you the right to buy or sell the underlying asset at a specific price in the future, regardless of the actual price in the future.
A call option gives you the right to sell the contract and a pull option gives you the right to buy it. Either scenario is optional as you can choose not to exercise the right you've acquired. However, if you don't exercise your right, you will forfeit the premium paid to acquire the options contract.
Both futures and options contracts can be perpetual. This means that there is no expiration date and the trader can hold these contracts as long as they like, subject to leverage, margin and liquidation constraints.
If you trade derivatives, they will be the riskier parts of your crypto portfolio because of their unique constraints. Hence, do your own research and make sure you're knowledgeable about coin and market trends.
An exchange traded fund or ETF is an investment scheme that mimics the value of an asset or group of assets. With respect to crypto, an ETF tracks the price of the underlying coin or group of cryptocurrencies.
Due to regulation, there aren't many crypto ETFs around but that is slowly changing. Investing in a Bitcoin ETF lets you hold the world's biggest cryptocurrency without dealing with an exchange or any complicated security or regulatory steps. Via the ETF offering, you simply hold a share of BTC and can buy and sell it on the stock exchange like you would a regular stock or bond.
Another way to diversify your crypto platform is by investing the coins you hold in products that generate yields. These avenues include farming, staking, lending and providing liquidity
There's a wide variety of yielding products for different coins, on different platforms, and with different yields. Some pay interest in more of the token, some in a stablecoin, and some in another digital token.
Now that you know the dos and don'ts of creating a cryptocurrency portfolio, you can go ahead and set one up with confidence. Whether you're aiming for the best diversified crypto portfolio or just want to hold one or two coins, the following steps will aid you in that task.
Obviously, you can't just stroll to your bank or local brokerage to buy crypto. Most banks don't seem interested right now and the law wouldn't allow it anyway.
But, we assume you're ready to take the plunge. Then, read on.
Bitcoin and popular alts have been rising recently so it can be difficult to keep your enthusiasm in check when deciding how much to invest. But, decide you must.
As stated earlier, use only a small percentage of your overall investment funds in cryptocurrencies. If you let greed influence you too much you'll have to deal with an equivalent dose of fear.
Choose a small amount, say 10-15% to make a crypto portfolio and stick to that.
Bitcoin is the king of crypto but that doesn't mean you shouldn't cast a wider net. Study the different types of investment options explained earlier and decide how much to allocate to each crypto type you choose.
The best crypto portfolio allocation involves coins across different blockchains and movement types. Some coins move along with Bitcoin so adding only those to your portfolio doesn't make sense.
Choosing different coins with different movement trajectories allows you to spread risk more effectively. If some of your holdings disappoint, others will be there to lessen the pain with their own gains.
All in all, consider the following when assessing what crypto coins should make up your initial portfolio:
These indicators will help you create a balanced crypto portfolio template. Remember that you can start with just a few tokens and slowly enlarge your portfolio as your risk appetite grows bigger.
After deciding your crypto portfolio allocation, the next step is to buy the tokens. This step is what discourages many individuals from buying cryptocurrencies. Most people are used to buying financial products the traditional way so having to do things personally is a turn off.
Until there's more mainstream penetration or governments relax the rules on crypto trading, you'll have to make do with buying crypto yourself on a centralized or decentralized exchange.
A centralized exchange like Coinbase, Huobi or Kyrrex won't let you trade crypto if you don't tell them who you are. Although you lose some anonymity, you gain a level of security and confidence that just isn't there if you use an anonymous exchange or P2P platform. These exchanges provide a wide variety of coins to choose from and custodial wallets to hold them in. They are closely watched by regulators so you can be assured your funds are safe.
Unfortunately, an exchange might not have a specific token you seek. This is where decentralized exchanges come in. These platforms let you buy a token for which there is liquidity. Also known as swapping apps, you can exchange various tokens on the same blockchain. For example, Uniswap supports ERC20 token swaps while Raydium performs the same role for Solana SPL tokens.
You can also use P2P exchanges like eToro or Paxful to directly buy crypto from another user.
If you're more into secondary crypto investments then a derivative-focused platform like FTX or Dydx Exchange will be right up your alley.
Of course, there are even more ways to invest in cryptocurrency out there. If you want to put your money in with as little risk as possible you can give it to an ETF to manage on your behalf. Crypto brokerages like Greyscale and ProShares offer various products, mostly based on Bitcoin.
Just like you need a bank account to hold traditional currency, keeping crypto tokens yourself requires a wallet. A wallet on a blockchain does exactly what a bank account does, but with crypto. Except that it does much more than that.
An important part of how to diversify crypto portfolio is thinking about the right storage for your coins. This decision cannot be made in isolation.
It's important to know where your crypto coins actually are. They are on the blockchain, rather than in any wallet. A wallet is just a way to access your coins, using your private and public keys. The public key is your wallet address and the private key is a cryptographic combination unique to each wallet on the blockchain.
Your wallet choice is important for a good managed crypto trading. Here are some factors to consider.
A custodial wallet vests the private keys in the hands of a third party. You're not the only one with access and it's less secure but more convenient. Most people experience a custodial wallet when dealing with a centralized exchange. The exchange holds your coins for you in trust and releases them when you wish to trade, withdraw or invest them in a platform product.
A Non custodial wallet is held by yourself. Only you knows the private keys and only you can manage the wallet. It's more secure but may be less convenient.
Investors who envisage trading actively with their holdings might be better off sticking with custodial wallets for more rapid access. On the other hand, if you wish to keep your coins for the long haul, moving them to a non custodial wallet can keep them safe from potential hacks.
Do you want the convenience of cross-platform managed crypto trading? If your answer is yes then you will probably choose a wallet that has web, mobile and possibly desktop versions.
On the other hand, web-only wallets may be safer and desktop-only ones even more so.
Hardware wallets are the most secure of the lot. With them, you store your coins offline which makes them inaccessible to hacks and other security threats. As they're less convenient, they're better suited for long-term crypto savings. Web and mobile wallets provide greater flexibility to interact with decentralized applications.
A multichain wallet supports multiple addresses across different blockchains. It is the most convenient type of wallet available. With a multichain wallet, you can hold, receive and withdraw different tokens from different blockchain protocols.
This doesn't mean that any multichain wallet will support all the blockchains that exist. Its main selling point is the ability to access your token balance on every supported blockchain with a single passphrase.
Trust Wallet and Coin98 are examples of wallets that support multiple networks including most popular chains, including Bitcoin, Ethereum, Binance Smart Chain, Algorand, Solana, Fantom, Avalanche, Terra, Cosmos, Tron and TomoChain.
With these, you can track your cryptocurrency diversified portfolio across several networks easily. However, if your holdings are confined to just one network, you can use an intra-blockchain wallet instead. These include Algorand for the Algorand network, Sollet for Solana tokens, MetaMask for Ethereum and TronLink for TRC20 tokens.
Just like you'd like to know how your traditional investments are doing, you should also keep an eye on your crypto portfolio. You can log into your various crypto platforms every now and then to check on them. You can also delegate the work to crypto portfolio trackers.
Here are some recommended platforms for tracking your crypto holdings:
CoinMarketCap is regarded by many as the best crypto portfolio app. To use the app on web or mobile, manually add the coins you wish to monitor. You can even input your purchase price to track your gains or losses.
Like CmC, it's a fantastic crypto tracking app. You can search for any popular coin and get detailed information on its price, trends and tokenomics.
Delta is arguably the best crypto portfolio app for mobile users. It has dark mode and a streamlined interface for easy tracking. It supports up to 7 exchanges and provides detailed analytics and live news for users.
The cryptocurrency market is a rapidly evolving landscape that offers big opportunities for profit. However, navigating this market can be challenging, particularly for those who are new to the space. In this article, we will explore how you can maximize your profitability in cryptocurrency trading by taking advantage of Kyrrex's wide range of trading opportunities.
Open trades are trades that have not yet been closed. These trades can have a significant impact on profitability, as they represent potential gains or losses. In general, having more open trades can increase profitability, as long as they are managed effectively.
One way to manage open trades is to use stop-loss orders. A stop-loss order is an order that automatically closes a trade when a certain price is reached. By using stop-loss orders, traders can limit their losses and protect their profits.
For example, if a trader buys a coin at $10,000 and sets a stop-loss order at $9,500, the trade will automatically close if the price falls to $9,500. This can help the trader get out of a bad trade before their loss becomes bigger.
Another way to manage open trades is to stay up-to-date with market trends. By staying informed on market trends and using technical analysis, traders can identify potential trading opportunities early and make informed trading decisions.
For example, if a trader notices that the price of a particular cryptocurrency is trending upwards, they may decide to open a long position (i.e. buy the cryptocurrency) with the expectation that the price will continue to rise.
However, it is important to remember that open trades are never risk-free. If the market moves against the trader, they may end up losing money on the trade. To minimize this risk, it is important to use appropriate risk management strategies, such as setting stop-loss orders and diversifying your portfolio. Stop-loss on a winning trade locks in your profits while a diversified portfolio helps to spread risk around.
Trading several cryptocurrencies, instead of just one or a few, is essential for maximizing profitability. By limiting yourself to a small number of cryptocurrencies, you are potentially missing out on gains that could be made by trading in other coins. Additionally, trading more cryptocurrencies can help to minimize risk, as losses in one coin can be offset by gains in another.
Here are some benefits of a diverse cryptocurrency portfolio:
Kyrrex is a leading crypto-fiat platform that offers comprehensive services for individuals and institutional clients alike. With its advanced trading, storage, and payment technologies, Kyrrex is designed to meet the needs of modern cryptocurrency enthusiasts.
One of the main advantages of Kyrrex is its wide range of trading opportunities. Users can access the built-in trading terminal, which allows for seamless transactions in cryptocurrency pairs. Currently, Kyrrex offers a total of 20 currency pairs, including popular options such as AVAX/USDT, ETH/USDT, and XRP/BTC. By offering a diverse range of currency pairs, Kyrrex enables users to trade in a way that best suits their needs and preferences.
The Kyrrex trading platform boasts flexible functionality. Users can easily analyze and track quotes around the clock, select limit and market orders, and enjoy reduced trading commissions. These features make it easy for users to make more trades and analyze market trends, thereby increasing the chances for gains.
In addition to its trading capabilities, Kyrrex offers a comprehensive set of features to help users manage their cryptocurrency assets. With its state-of-the-art storage technologies, Kyrrex ensures the safety and security of user funds. Users can also take advantage of the platform's advanced payment technologies, which enable them to make and receive payments in a variety of currencies.
Maximizing profitability in cryptocurrency trading requires a combination of trading in a wide range of cryptocurrencies and effectively managing open trades. Kyrrex's wide range of trading opportunities, advanced trading tools, low trading fees, and real-time market data make it an ideal platform for those looking to engage with the cryptocurrency market.
Bitcoin (BTC) has emerged as one of the most popular cryptocurrencies in the world, and its value has skyrocketed in recent years. As a result, traders and investors have become increasingly interested in BTCUSDT trading on platforms like TradingView.
TradingView is a popular charting platform that allows users to analyze and trade financial markets. With BTCUSDT trading, traders can track the performance of Bitcoin against Tether (USDT), a stablecoin that is pegged to the US dollar. This pairing is commonly used on crypto exchanges, and TradingView provides comprehensive BTCUSDT charts and indicators for traders to make informed decisions.
BTCUSDT's price action has been volatile, with sharp price swings and fluctuations. However, the overall trend for BTC has been bullish, with the cryptocurrency hitting all-time highs in recent years. TradingView's BTCUSDT charts provide traders with the ability to track BTC's price movements in real-time, as well as view historical price data.
Technical analysis is a popular method for traders to analyze financial markets, and BTCUSDT trading is no exception. TradingView provides a wide range of technical indicators and charting tools to help traders analyze BTC's performance.
One popular indicator used in BTCUSDT trading is the Moving Average Convergence Divergence (MACD) indicator. This indicator can help traders identify trend reversals, as well as potential entry and exit points. Additionally, traders can use other technical indicators like Relative Strength Index (RSI), Bollinger Bands, and Fibonacci retracement levels to gain further insight into BTC's price action.
In addition to technical analysis, fundamental analysis is also important in BTCUSDT trading. Fundamental analysis involves analyzing the underlying factors that affect BTC's price, such as adoption rates, regulatory changes, and economic events.
TradingView provides traders with access to news feeds and economic calendars, which can help traders stay up-to-date on the latest developments that may affect BTC's price. Additionally, traders can use TradingView's social networking features to discuss and share information with other traders and investors.
BTCUSDT trading on TradingView offers traders a comprehensive set of tools and indicators to analyze Bitcoin's performance. With both technical and fundamental analysis options available, traders can make informed decisions about when to enter and exit the market. However, as with any financial market, BTCUSDT trading carries risks and traders should exercise caution and conduct their own research before making any investment decisions.
There are two sides to everything, though humans tend to focus on one side of the coin. The latest weapons can help through deterrence, not just destruction. Artificial intelligence is an incredibly useful tool despite its dangers. And cryptocurrency, just like everything else, can be a force for good in the world.
Crypto is about PnLs, market and limit orders, DeFi and staking, coin offerings and L1s. It is also about borderless payments which can facilitate goodwill donations by anyone from anywhere to any organization that works towards a noble cause.
The philanthropic space, just like health, finance and sports, has realized the benefits of adopting crypto. Some of the best known global and regional charities have created channels for crypto donations.
Bitcoin, Ethereum and stables like USDT are the most popular coins supported by charities accepting crypto. Depending on the type of crypto charity, other popular digital coins like Dogecoin, Monero, Bitcoin Cash and Litecoin may also be accepted.
So if you're moved to reserve some of your cryptocurrency holdings or trading gains for a worthy cause, there are lots of charity crypto projects that would be happy to receive your donation
These crypto-affiliated charities vary by mission. Some are dedicated to helping oppressed peoples in war-torn areas like Ukraine to stand up to the aggressors. Others utilize blockchain technology to support next-gen ideas and technology like effective altruism and AI.
These organizations all have noble goals and have thrived through the benevolence of citizens who use some of their crypto for charity. This article presents 5 reliable and dependable crypto charity projects. So if you're looking for charities that accept crypto, you've come to the right place.
The Electronic Freedom Foundation (EFF) is a U.S. 501(c)(3) nonprofit that has a mission to defend civil liberties and human rights both online and offline, but especially online. It supports outreach and legislation that protect digital rights and provides funding for projects that promote the rights of the individual to free expression in the digital space.
The EFF sees increased legislation and user restrictions in the digital age as a wall that stifles creativity and infringes on the rights to liberty. Thus, it campaigns hard against moves that seek to restrict people's rights and freedoms, especially online. The organization has a long and proud history of canvassing change and is one of the best charity crypto projects around. It accepts Bitcoin, Bitcoin Cash and Ethereum from individual donors and you can also elect to receive some cool swag if you donate at least $100.
The start of the war in Ukraine has led to a groundswell of governmental, institutional and individual support for the beleaguered country which continues to maintain its independence in the face of overwhelming odds. The Kyrrex Charity is the social arm of Kyrrex, a regulated crypto-fiat ecosystem. Its goal is to work towards the war's end and victory for Ukraine by supporting the country's civilians, volunteers and defenders through financial aid.
The foundation organizes charity events and fundraisers all over the western world to raise money which it then distributes to various agencies across Ukraine.
Because of the difficulties caused by the war, crypto donations to Ukraine is one of the best ways to get money across to those who need it on the ground. That is why the Kyrrex Charity's main vehicle is a crypto charity fund. Benevolent individuals and organizations can directly donate Bitcoin, Ether and USDT through the foundation's Ukraine crypto donations wallets and be rest assured the money will be used for a worthy cause.
So if you have excess coins gathering dust in your wallet or cold storage and wondering how to donate crypto to Ukraine, you can send your coins to a Kyrrex Charity wallet and sleep easy knowing you've just done a great deed for humankind.
Unicef, or the United Nations Children Fund, works in 190 countries across six continents to help children overcome developmental and geographical challenges and achieve their full potential from early childhood to adolescence. It's long been one of the most visible agencies of the UN and its impact has been felt in every corner of the globe for decades.
In 2019, UNICEF launched a crypto fund to simplify fundraising and grants distribution and reach their networks of donors and beneficiaries faster than the complicated web of traditional finance would allow. Donors can send BTC and ETH directly to the UNICEF CryptoFund. To date, the fund has received 8 BTC and 2527 ETH which is distributed to open-source frontier tech solutions showing promising results.
All donations made by the funds are done in BTC and ETH only and capped to $100k. Through this scheme, UNICEF has invested 52 ETH in a digital cash and voucher transfer platform in Nigeria, 43.5 ETH in a platform for digital healthcare savings in DR Congo, and 21 ETH in a tool for visual eye tests to detect vision disorders among children in the UAE.
Would you like more control and flexibility over your charity crypto donations? Then you can check out The Giving Block. This donations service is like a crypto charity marketplace that allows you to give crypto to a nonprofit, charity, university, faith organization, environmental NGO or any other mission-driven agency of your choice.
The Giving Block emphasizes choice and flexibility. Donors are free to choose any of the 100+ organizations that accept crypto donations through the service. You can use their search tool to filter available organizations. For example, a "crypto donations Ukraine" search brings up the Ukrainian American Coordinating Council, the US-Ukraine Foundation and similar organizations. You can also switch to "Impact index funds" and donate crypto to a particular cause, such as the war in Ukraine, women and girls empowerment, or arts and culture.
Another big draw of The Giving Block is the versatility provided for those who use the platform to donate crypto to charity. Most blockchain-positive philanthropic platforms support just a few cryptocurrencies. But on The Giving Block, you have your pick of more than 70 crypto options to donate with such BTC, ETH, USDC, USDT, DAI, MAKER, AVAX, SOL, and many more.
Tor, or The Onion Router, is the free and open-source browser that enables anonymous communication through a network of volunteer nodes spread across the world. The Tor project and its browser allow users to bypass censorship and restrictions on internet usage. It generates a semblance of digital privacy and independence in an environment rife with governmental policy.
The Tor Project accepts donations in crypto and other avenues to keep the Tor network running and protected against intrusion by global institutions and governments. Tor accepts crypto donations in 9 currencies including Bitcoin, Ethereum, Dogecoin, Augur, Dash, Litecoin, Monero, Stellar Lumen, and ZCash.
If you'd love to donate crypto to charity, you can try one of the organizations on this list or another one that accepts digital currencies. You can donate your crypto directly—no need to convert into a stablecoin or fiat money first. Moreover, if you have a stablecoin in your portfolio, you can donate that. The price of a stable fluctuates less compared to traditional cryptocurrencies, which can benefit the charity of your choice more than a volatile coin would.
Making donations to a charity actually helps fulfill one of the founding principles of cryptocurrencies—anonymity. By donating through crypto, you show that you truly care about a cause and aren't donating just to look good in the news or on social media.