DEC 03, 2019
This Holiday Season, Buy, Sell, Store, and Donate your Cryptocurrency!
Gemini is kicking off this year’s season of giving with #BitcoinTuesday in collaboration with The Giving Block. Help us show that generosity does not need to be limited to traditional methods of donation.
__What is #BitcoinTuesday? __ Today, December 3rd, marks the debut of #BitcoinTuesday — #GivingTuesday for cryptocurrency. This initiative, led by The Giving Block, rallies the crypto community for the biggest day of international giving.
How can you participate? Join us for #BitcoinTuesday in two ways: Donate directly to participating nonprofits through The Giving Block, or trade on the Gemini exchange. We will donate a portion of today’s trading fees, up to $10,000, to The Giving Block’s participating nonprofit organizations.
Why donate your cryptocurrency? Powered by the Gemini platform, The Giving Block’s donation portal allows nonprofits to efficiently accept donations in the form of crypto. Using an “auto-sell” feature, the portal automatically converts donations of bitcoin, ether, bitcoin cash, zcash, litecoin, and Gemini dollars to fiat.
Donating a cryptocurrency like bitcoin to 501(c)3 nonprofit organizations is tax deductible* in the United States. You should consult with a tax advisor when calculating the amount for deduction.
Gemini is excited to participate in this important day of giving. We hope to encourage members of the crypto community to join us today, and throughout the holiday season, to use crypto as a tool for giving!
Visit bitcointuesday.org for more information on #BitcoinTuesday and instructions on how to give.
Onward and Upward,
Kristen Mirabella, Sales and Relationship Management
This article is intended as general guidance and should not be construed as tax or legal advice. For up-to-date and accurate information regarding cryptocurrency donations and their tax status please consult with a qualified accountant, attorney or financial advisor.