Altcoins

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Donating "Altcoins"

Blockchain Benevolence hopes to become the first charitable entity that is able to accept any cryptocurrency as a donation.  At this point there are thousands of cryptocurrencies, and most charities that accept cryptodonations only accept Bitcoin and Ethereum.

This presents a problem for hodlers of other tokens.  In order to donate, one would need to convert their other coins to Bitcoin or Ethereum, and then donate.  However, the very act of exchanging coins into Bitcoin or Ethereum is itself a taxable event, and in doing so, one would lose all of the benefits that would have come from donating the original token itself. (These benefits are discussed here).

Therefore, it is of great benefit for traders to be able to directly donate all kinds of currencies.  Our goal is to make that happen!