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FAQ about Giving Cryptocurrency
Why does America Prays accept cryptocurrency?
Since cryptocurrency has value, it provides one more way we can honor God through giving.
What cryptocurrency can I give to America Prays?
Bitcoin, Ethereum, Dogecoin, Litecoin, and more
Are cryptocurrency gifts refundable?
Because the value of cryptocurrency can change within a short period of time, we are unable to refund donations of cryptocurrency for any reason. Verify the amount of your gift before completing it.
Are cryptocurrency gifts tax-deductible?
Yes―your cryptocurrency donation is tax-deductible. Because it’s a non-cash donation, it will not appear on your regular end-of-year giving statement. Instead, you will receive a separate letter acknowledging your gift(s) for tax purposes.
Why should I consider giving through cryptocurrency?
A cryptocurrency gift is one of the most tax-efficient ways to give to America Prays. Because donating cryptocurrency is non-taxable, you don't owe capital gains tax on the appreciated amount and you can deduct it from your taxes.
Who do I contact with questions about cryptocurrency gifts?
We’re happy to answer any of your questions about cryptocurrency giving. Please contact us by email at giving@americaprays.org or by phone at 405-216-7054.