Cryptocurrencies are increasingly becoming widely adopted, and everyone seems to want in on the action. Many see digital currencies as a means to get rich quickly, but others see them as an investment opportunity. However, there's much more you could do with cryptocurrencies as they're now being accepted as payment options and even legal tender. You need a cryptocurrency exchange to buy and sell coins like Bitcoin and Ethereum. Trading platforms also offer other services, such as advanced options to borrow assets to trade. These days, however, some of them even provide payment and card services.
While there are many different cryptocurrency exchanges today, traders seem to have few options. That is because they feel safer with the big exchanges and overlook the small ones as a result. Also, government regulators reduce the number of crypto exchanges and trading options available to traders in specific locations. Binance happens to be the biggest cryptocurrency exchange globally, both by trading volume and user count. Traders mainly choose it for its large trading pairs and portfolio. Another advantage that draws users to Binance is the platform's ease of use and user experience.
That said, traders have been increasingly looking for Binance alternatives. This is partly because the crypto exchange has had troubles with regulators in different countries, leading them to shut down operations in some countries and limit its features in others.
The main reason users in some countries and jurisdictions are looking for the best alternative to Binance is the exchange's many regulatory problems. Below, we'll cover the issues that made the headlines.
The Commodity Futures Trading Commission started investigating Binance because it claimed the exchange manipulated its markets and carried out insider trading. According to Bloomberg, the regulators looked into the exchange to determine if it traded on customers' orders before filling them. Binance released a statement denying the allegations.
According to reports in May 2021, the IRS and the justice department reportedly investigated Binance for tax evasion and money-laundering practices. What's more, due to strict regulations in the US, residents in the country are not allowed to trade on Binance.com, the main international arm of the exchange. Instead, they have to deal on Binance.us, which doesn't serve as a Binance alternative login as they can trade just over 50 coins compared to the 400+ on Binance.com. Also, residents in New York, Hawaii, Louisiana, Idaho, Vermont, Texas, and Connecticut cannot trade on Binance US.
The UK's financial regulator, the Financial Conduct Authority (FCA), issued a statement saying that no entity under Binance holds any form of license, authorization, or registration to provide regulated financial services in the UK. The exchange, as a result, stopped offering regulated financial services to UK residents.
Japan's Financial Services Agency released a similar statement warning that Binance wasn't registered to operate in the country.
Binance later issued a statement claiming they don't hold exchange operations in the country.
In early 2021, Binance introduced stock tokens, allowing its platform traders to trade traditional stocks of specific companies such as Tesla and Apple. The exchange offered the "stock coins" through an established company, CM-Equity AG, which would hold the underpinning stocks. This move didn't sit well with Germany's financial watchdog, the Federal Financial Supervisory Authority BaFin. It warned that Binance could be fined for offering the synthetic token instrument without a published investor prospectus and adherence to other EU securities laws. Binance ultimately ceased the token offering in July of the same year but tagged the move a business decision.
Following Binance's woes in the UK and Barclay's move to stop their customers from using debit and credit cards to deposit funds to Binance, the exchange suspended deposits through the EU's SEPA (Single Euro Payments Area) network.
While Binance announced that it would shut down its South Korean arm in December 2020, it still offered South Korean traders payment options and Won trading pairs. However, the exchange discontinued most of those services in August of 2021. There's no indication that Binance was targeted directly. However, the move came after the Financial Intelligence Unit, the country's financial watchdog, released a statement warning foreign crypto exchanges that they risked possible criminal inquiries and blocked access if they didn't follow new anti-money laundering regulations.
Binance.com halted SGD trading pairs and other services offered to Singaporeans after the Monetary Authority of Singapore (MAS) issued a warning the exchange may be violating the country's Payment Services Act. While Bincnce.com halted operations, Binance.sg, the Singaporean arm of the exchange, wasn't affected, according to a Binance spokesperson. However, it put Singapore traders in a bind as they could no longer enjoy the full suite of services offered on the global exchange.
Malaysia's securities commission, in a bold move, ordered Binance to shut down its mobile applications and website and discontinue marketing activities in the country. The authority also called the exchange to block access to Malaysian investors from its Telegram group.
Binance's main draw, especially in the US, is its relatively low trading fees. Users would have to switch over to exchanges with comparatively expensive fees to buy and sell crypto assets.
The good thing is that there are great alternatives to Binance for US residents and other countries if you know where to look. One of them is Kyrrex, an innovative exchange with competitive trading fees, looking to solve different cryptocurrency challenges. This article will talk about the exchange, its many offerings, and why we consider it the best Binance alternative.
Kyrrex is a cryptocurrency exchange and digital wallet founded in 2016. The platform was built with beginners and professional traders in mind. Since its inception, it has grown into a robust financial ecosystem that seeks to connect cryptocurrency and traditional banking. The company is doing this by offering a comprehensive set of services and products that will benefit everyone regardless of location. This makes Kyrrex a strong Binance alternative for US residents looking for a reliable exchange.
The crypt-banking bridge means that Kyrrex's ambitions go beyond being just a cryptocurrency exchange. Instead, it's a hybrid digital bank that integrates all traditional banking features with a wide range of cryptocurrency trading options. This disruptive introduction to the crypto world will address the demand for all-in-one crypto-fiat solutions where users don't necessarily have to switch between their banks and exchanges to perform financial transactions.
As we mentioned, Kyrrex intends to erase the boundary between banking and crypto. The platform is building and integrating different financial and blockchain-based services to make this happen. It is incorporating cryptocurrency storage and exchange with digital bank services where users can operate with over 177 currencies. The goal is to employ a holistic approach to bridge the current divide between the crypto and other financial markets. The ecosystem will be a one-stop-shop avenue for both retail and institutional players and beginners and pro traders. Let's take a look at the different parts of the ecosystem.
Kyrrex's crypto exchange offers a suite of different crypto trading services. These include demo account trading for beginners, educational courses, daily trading charts, graphs, analytic tools for pro traders, a comprehensive order book, and crypto exchange and storage.
The cryptocurrency exchange's deposit program allows traders, investors, and cooperate organizations to store crypto assets and enjoy dividends. For example, USDT, ETH, and BTC deposits on the platform can accrue up to 13.5% APY over 360 days, and users have the option to choose between 30, 90, and 180 days as well.
Kyrrex's listing platform will support the introduction of new crypto assets to the exchange. The process involves cryptocurrency audits, risk assessments, and a thorough evaluation of the tech behind these coins and their adoption rate. This way, Kyrrex can introduce its users to meaningful crypto assets with great potentials.
In addition, the listing platform offers a bonus scheme exclusive to the Kyrrex ecosystem community.
Liquidity refers to the ease and speed of converting assets to cash. In this case, it describes how easy it is to sell off crypto assets for fiat currencies. This is one of the main concerns plaguing small exchanges and why traders tend to stick with the big names. Fears of having no way to get their monies back is a discouraging reason to stay with big exchanges despite any other downsides.
Many exchanges have failed to meet their users' liquidity needs, causing them to fold and even bankrupt traders in the process.
Kyrrex aims to solve this problem with its liquidity hub. The exchange promises an always-available liquidity system that can cater to even cooperate-level needs. This means traders can be confident their crypto assets can always be converted to cash and withdrawn quickly.
The exchange's large user pool and efficient order book system also mean that orders can be filled almost immediately, depending on the trading volume of a particular cryptocurrency.
The platform will provide adequate information and data concerning each token. This includes the assets trading volume, market cap, and supply. This way, traders get to understand factors
affecting liquidity and the best way to go about trades.
While exchanges are the primary way to get your hands on cryptocurrencies, you can also purchase digital assets via OTC (over-the-counter) desks. Exchanges work by matching a trader's buy order to another trader's sell order. However, with OTCs, users trade between themselves.
This platform connects users to trade cryptocurrency at a fixed rate, cutting out the need for an exchange. It is also a discreet means of buying and selling significant crypto assets without exposure to the open market. This way, large blocks of Bitcoin can be purchased without affecting the crypto market and the token's price. Also, it ensures that traders don't suffer slippage on such transactions.
While traditional OTC desks mainly cater to high-net-worth individuals and institutions looking to trade large blocks of Bitcoin, Kyrrex aims to tend to both professional retail and institutional traders.
The OTC platform is part of the Kyrrex ecosystem but takes place off the open exchange. With the same account, users can have access to more personalized services and deeper liquidity. However, you may be required to fulfill more verification to get access to higher transactions.
Crypto exchanges help you manage your wallet on the exchange account. For example, spot wallets allow you to make orders using your balance instantly. Kyrrex offers this type of multicurrency wallet but with higher security.
Your Kyrrex wallet allows you to store digital assets supported by the platform. You can deposit and withdraw at any time. Users are also able to back up funds to keep out unauthorized third parties. The wallet is integrated across Kyrrex's web and mobile platforms, which foster ease of use and on-the-go transactions.
Traditional banks only come into play in the crypto market when investors want to buy crypto assets with fiat. There are currently solutions for purchasing Bitcoin and other crypto assets with credit cards and bank transfers, and exchanges offer fiat withdrawals to traders' bank accounts. Kyrrex will offer a seamless banking system that allows users to manage their finances and crypto assets from one dashboard. It will be the first global digital bank to facilitate easy, secure, and fast finance operations in 177 currencies. The feature is still in development and will go live soon.
Once deployed, users will have easy access to both cryptocurrency and government-issued currency assets. In addition, they will enjoy support for both traditional banking and crypto operations, including withdrawals, deposits, transfers, loan management, insurance products, accounting services, and bills payments. Using the digital banking solution, you'll be able to see your fiat and crypto balances in one place. But, of course, you'll still have options to manage your crypto wallets and exchange digital assets how you see fit. That said, no divide precludes you from using both your fiat and crypto balance to trade.
Kyrrex's digital bank will come with the full suite of services offered by traditional banks. You can open a private or corporate multicurrency bank account with an International Bank Account Number (IBAN) which can perform SEPA, SWIFT (BIC), and Visa and MasterCard withdrawals and deposits. You can also use the online bank to create and accept cryptocurrency payments and carry out OTC crypto transactions. The bank also allows you to send funds directly to other banks' debit and credit card accounts and carry out international and domestic transactions in 177 fiat currencies.
That's not all. The digital bank will allow you to create personalized services such as salary projects, White Label payment solutions, and other streamlined financial services such as loan issuance. With these crypto and banking features, Kyrrex will eliminate the worry of transferring fiat currencies to different bank accounts. Instead, everything can be done within the ecosystem with ease.
Asset tokenization is one of the many blockchain applications driving cryptocurrency to mass adoption. It involves converting valuable assets into digital tokens that live on a blockchain. These could include tangible assets like art, real estate, and gold or intangible assets like ownership rights, content licensing, and voting rights. This innovation makes it possible to combat forgery and document duplicity in asset management. It also facilitates decentralized governing systems.
Kyrrex's tokenization platform will allow users and cooperate clients to tokenize any asset. It’s one of the platform's many offerings still in development. It will come with reliable and trusted features and services such as equity ownership, real-time accounting system audit, token ownership maintenance, and secondary asset management creation once it goes live. Users will be able to tokenize assets, create a token issue amount, set its value, and write a description on the platform. Thus, they can keep records of the token's primary distribution and safely facilitate its transactions. These tokens will also be tradable in the Kyrrex ecosystem and listed on other exchanges.
The crypto merchant platform, another upcoming Kyrrex solution, will allow users to set up channels to receive payments on goods and services they offer. The crypto merchant feature will expose users to the world of e-commerce with all the payment services needed to make transactions as smooth as possible. Clients will be able to choose to accept payments in crypto or fiat and conveniently convert assets as they see fit. The platform will also be global, which means there will be little to no restrictions on international transactions.
The Kyrrex (KRRX) coin powers the Kyrrex ecosystem. The utility token has multiple use cases, from settling transaction fees at a discount to participating in high yield deposit programs. The KRRX deposit program allows users to stake their coins for a period to earn an annualized percentage yield. Here's a breakdown of the APY:
30 days – 8.5%
90 days – 10.6%
180 days – 12.5%
360 days – 14.5%
This means the longer you stake KRRX tokens, the more APY you earn.
The KRRX coin is a layer 2 token built on the Tron blockchain. It has a total supply of 500,000,000. Kyrrex intends to burn up to 50% of the total token supply every quarter. Part of the tokens received as fees and commissions will be destroyed forever until only 250,000,000 KRRX are left.
Users who stake the token through the deposit program will earn trading commissions and reduced trading fees. The exchange's trading fees vary according to a trader's level. There are six levels in the Kyrrex ecosystem. They include:
The Trade Ideas platform allows users to share trading ideas just as its name suggests. Traders can follow other professional traders to learn more about trading positions, get signals, and know more about new exciting cryptocurrency projects, especially on the Kyrrex ecosystem. The social trading platform is designed so that people who are followed can receive monthly subscription fees. These fees can be paid in crypto, fiat, or KRRX tokens. There will be incentives when you use the KRRX token to settle social trading subscription payments.
The yet-to-be-deployed Multi-Account Management system will allow professional traders to handle different accounts. A percentage of the profits on these accounts will be paid to the trader. If users agree to pay said fees in the KRRX token, they'll enjoy a 10% discount on their payments. This discount system is only available to users who agree to pay in KRRX tokens.
Users get to enjoy bonuses and additional discounts when they refer friends to the platform. They will receive 20 KRRX tokens for each referral that installs the Kyrrex digital banking app. You'll earn up to a 60% discount when you refer three persons and stake over 2500 KRRX tokens.
100 KRRX will be credited to the wallets of users who pass the platform's verification process. Traders who deposit crypto tokens worth $500 or more will receive additional KRRX.
In resolving most of the issues plaguing the cryptocurrency market, Kyrrex seeks to almost eliminate problems affecting Binance. Once its full suite of features for USA goes live, it will undoubtedly be the most promising of all the Binance alternatives USA residents and other countries can go for.
The cryptocurrency and banking platform aims to adhere to even the strictest KYC (know your customer) and AML (Anti-Money Laundering) regulations worldwide. This means that there will be little to no problems with regulators across different jurisdictions. The lack of regulation in the crypto space is stifling the industry's growth. Entrepreneurs would rather sit on the sidelines than violate the law, and investors will be reluctant because of regulatory uncertainties surrounding cryptocurrencies. Exchanges are currently struggling as governments keep forging new legislation and policies for cryptocurrencies. It's easy to run afoul of new laws that might be enacted in the future.
Kyrrex intends to work with regulators to follow regulatory practices and offer transparent crypto and banking services. As a reliable Binance alternative USA residents can trade on the platform without worrying about run-ins with the SEC and other regulators.
When it comes to fees, the platform offers highly competitive rates, with discounts when traders stake the KRRX token and refer others. There's also an incentive program for different trading levels.
Kyrrex claims to place user experience as one of its top priorities as they have invested extra effort, time, and funds to make significant improvements.
The ecosystem boasts a fluid, state-of-the-art, and user-friendly interface to make trading and other operations efficient, enjoyable and, easy to use. Users can also determine which functionalities are essential and take full advantage of the platform, whether beginners or professionals.
Every exchange has to be fast and reliable with as little downtime as possible. This is one of the most significant factors that determine any platform's success or failure. This is why Kyrrex believes its ultrafast engine, which facilitates 1.5 million transactions per second, places it as one of the best cryptocurrency exchanges out there. The speed of the order processing doesn't take away the exchange's accuracy and usability as the company has a mission to get rid of slippages and outages. While maintenance will occur from time to time, users will be duly informed to reduce disruption to the minimum. This makes the Kyrrex application a robust Binance app alternative that won't make you miss the big exchange.
Part of the main concerns for traders when looking for an alternative to a massive exchange like Binance is liquidity and trading volume. No one wants to have orders that never get filled, and traders often move funds to external wallets. Kyrrex promises a liquidity pool of about $50B and a daily exchange trading volume of $150M that will grow in the future. This translates to fast order execution and liquidity availability for even large institutions.
The KRRX token also makes Kyrrex a viable Binance exchange alternative as it offers traders significant bonuses and powers the ecosystem just like Binance's BNB.
Kyrrex isn't just a powerful Binance US alternative; it is situating itself as a potential big player in the crypto space. With its game-changing concept of bridging crypto and banking, it's opening up a new world of possibilities to cryptocurrency traders.
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.