Bitcoin is a relatively new digital currency which is used in making online transactions between two individuals. The currency is considered to be the most efficient and safest form of online payments. (Learn how to pay with Bitcoin online)
Bitcoin can be used as a method of payment on several platforms but is most popular on the gambling websites.
Bitcoin functions not only in the form of payments but you can also make earnings through Bitcoin donations if you run a website/blog.
Nonetheless, when it comes Bitcoin donations, the most frequently asked question is: “How to accept Bitcoin donations” because accepting Bitcoin donations is becoming more troublesome as the number of individuals shifting to online payment methods keeps on growing each day.
How to Accept Bitcoin Donations?
You can accept Bitcoin donations in the form of your local currency, such as USD, Euro, etc. The donations are similar to those of fiat currency. The only difference is that Bitcoin only exists virtually, while the traditional currency can be directly sent to your bank account or handed to you in person.
Currently, there are only 12 million bitcoins in circulation, most of which are held by the businessmen.
Also, there are plenty of efficient tools that convert traditional payments into Bitcoin. For this, all you require is a Bitcoin extension.
What Are the Methods in Which You Can Accept Bitcoin?
Normally, there are three ways to accept Bitcoin donations. The methods are discussed below briefly.
- You can make/accept variable amounts of donations using an image link. The link supports a specific donation and a Bitcoin link. Then you will need to place a Bitcoin QR code on your website which will allow users to make donations using their smartphones. To ensure a Bitcoin donation, you must maintain a secure environment.
- An alternate option to accept Bitcoin donations on your site is a donation counter. The counter helps your visitors how many donations you have received so far as part of the campaign. The counter can also be used to indicate a time frame and a standard amount of the donations a user might wish to place.
- Another way to accept Bitcoin donations is to add payment buttons on your site. A visitor who clicks on the payment button is taken to an interface which can be controlled until the bitcoin payment is received.
Bitcoin donations must take place under a safe environment, so make sure your site is safe while trying to make a Bitcoin transaction. The standard website security requires you to have complete control over all the transactions made through the website.
Bitcoin addresses are vulnerable to security threats. Lack of security could result in a donation being directed to an unwanted party.