The United States is home to more than 3,500 animal shelters. If you have a soft spot in your heart for animals, they are a great way for you to donate money.
We live in a time in which crypto is taking over, and more people are getting into this form of digital currency as an investment. So you might be asking, can you donate crypto to an animal shelter?
We’re happy to explain. Here’s how you can donate crypto to the animal shelter of your choosing.
Research the Animal Shelter
First, research the individual shelter to look into their policies for donations. Here, you will find all of the payment methods that they allow. Many will take cash, debit card, credit card, checks, and money orders. You can also look into new and different forms of digital payment, such as Zelle and Cash App.
Today, many shelters are also allowing people to donate cryptocurrency in order to support the shelter. It’s easy and convenient for people to take advantage of, and allows seamless transactions.
Consider the Type of Crypto
Before you decide to donate crypto, make sure that you know the type that the shelter accepts. These shelters offer different options, such as Bitcoin, Litecoin, and Ethereum.
Each has its own exchange rate and terms, so it’s vital that you do your research to know what to expect. Make sure that you understand the amount that you’re donating and the platform that you should use to make the donation.
Find Out How the Shelter Uses It
When learning how to donate cryptocurrency, you also owe it to yourself to learn how the shelter uses this form of currency. In doing this, you will have peace of mind about how your money is used.
Some use the donations as part of the upkeep of the shelter, while others use it for housing the animals and new and different initiatives that they’re pushing. Make no mistake about it, the care of animals, even for the short-term, is quite costly. Rescue animals often require significant veterinary care, in addition to food, water, and suitable shelter.
Your donation will be appreciated and helpful, so make sure you get an explanation of how it will be used.
Keep Accurate Records
It’s also important that you keep your records together whenever you decide to make an animal shelter donation. When you donate Bitcoin, it’s all digital, but you still need to make sure that you have accurate records. Get a receipt for your donation from the animal shelter charity.
Keep this for tax records, and make sure you get the exchange rate at the time of the donation. Check with the ByteFederal website to learn more about the current state and value of your cryptocurrency of choice.
Donate Crypto to Your Animal Shelter
Do you want to donate crypto to an animal shelter? Use these tips if you’re trying to donate crypto to the animal shelter that you support.
Start with these points and rely on our other articles to learn more about cryptocurrency and other investments.
