We now accept Cryptocurrency Donations!
We are thrilled to announce that we can now accept cryptocurrency donations!
A cryptocurrency donation allows you to donate a cryptocurrency such as Bitcoin or Ether to our organization via CanadaHelps. The donation is promptly converted into cash and is eligible for an instant charitable tax receipt.
At this time, CanadaHelps only accepts Bitcoin or Ether cryptocurrency donations. These represent the vast majority of cryptocurrencies and are highly liquid and therefore can be exchanged for Canadian dollars easily. In the future, other forms of cryptocurrency donations may be accepted.
What about fees?
3% fee applies to cryptocurrency donations less than $10,000; 2.5% fee applies to cryptocurrency donations between $10,000-$49,999; 2.25% fee applies to cryptocurrency donations between $50,000-$99,999; 2% fee applies to cryptocurrency donations of $100,000+.
What about the environmental impact?
We are pleased to know that CanadaHelps has a green commitment to maintain a carbon-neutral offering. CarbonX Canada, in collaboration with its partner CCRI (Crypto Carbon Rating Institute), determines the average carbon emission for a donation of cryptocurrency by coin type. This data allows us to purchase the required carbon credit to offset this emission and ensure carbon neutrality. We are grateful to CarbonX for generously donating carbon credits that will offset the first 100 tonnes of carbon emissions resulting from cryptocurrency donations through CanadaHelps.