Cryptocurrency Tithing: An Overview for Church Goers
Many churchgoers are unaware of the cryptocurrency tithing that is emerging or they are reluctant to explore it.
Some churches have already begun accepting cryptocurrencies for donations and contributions. Find out more about how you can use your cryptocurrency holdings to support your favorite congregation today!
What is Cryptocurrency Tithing?
Cryptocurrency tithing is a charitable donation that utilizes cryptocurrencies for donations, contributions, and tithes.
It is similar to how fiat currency donations work in churches. However, the difference with cryptocurrency tithing is that it uses cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) for donations instead of fiat currencies like the US Dollar (USD).
As a result of cryptocurrency being decentralized from banks and governments, individuals can securely send and receive funds anywhere in the world without the need for third parties. This makes cryptocurrency a viable option as a medium of exchange for those who may want to donate to their church but live in countries without easy access to financial institutions.
Why are churches accepting cryptocurrencies?
Churches are beginning to accept cryptocurrencies as donations, contributions, and tithes. Cryptocurrency tithing is the act of donating cryptocurrency assets for church-related purposes.
This new type of donation system has been introduced to solve problems with traditional fiat currency donations in churches. Churches have struggled with dwindling budgets from donations and contributions from parishioners. With a cryptocurrency tithing, churches can receive funds without high transaction fees that come from converting currencies into U.S Dollars or other fiat currencies.
Some companies have started using cryptocurrency donations as a way to support their favorite congregations while also promoting their company. For example, the mining company Genesis Mining has donated a total of $130 million worth of Bitcoin to charity since 2015 – a huge chunk of which went to churches.
Another advantage to accepting cryptocurrency donations is that it promotes transparency by showcasing how much money your congregation is receiving from cryptocurrencies on your website or social media pages.>>END>>
How to begin your cryptocurrency tithing
Before you can give your cryptocurrency tithing, first ask yourself the following questions:
- Should I use my Bitcoin (BTC) for donations?
- What do I need to know about cryptocurrency tithing?
- What is a cryptocurrency tithing?
Once you have answered these questions, follow the steps below to start your cryptocurrency tithing.
- Find a church that accepts cryptocurrencies for donations and contributions. The easiest way to do this is to search “cryptocurrency tithing” on Google or social media platforms like Twitter, Instagram, or Facebook. You may find groups of churches that are exploring the idea of accepting cryptocurrencies for donations. Or, if you already have a specific church in mind that you would like to support with your cryptocurrency tithes, contact them directly about accepting it as a form of donation.
- Determine how much of your crypto holdings you would like to donate each time by creating an amount in USD on Coin Market Cap (CMC) and then converting it to the desired crypto using the conversion calculator on CMC (see example below). For example, if you want to donate $5 each time, click on USD for USDT/USD and then copy the
How to use your crypto-tithing to support your favorite congregation
Many churchgoers are unaware of the cryptocurrency tithing that is emerging or they are reluctant to explore it. A cryptocurrency tithing is a charitable donation that utilizes cryptocurrencies for donations, contributions, and tithes. It is similar to how fiat currency donations work in churches. However, the difference with cryptocurrency tithing is that it uses cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) for donations instead of fiat currencies like the US Dollar (USD).
Some churches have already begun accepting cryptocurrencies for donations and contributions. Find out more about how you can use your cryptocurrency holdings to support your favorite congregation today!
Cryptocurrency holders may be interested in using their digital assets for good while also supporting their favorite cause. There are many ways to share your wealth with churches including traditional cash donations, but some people prefer to donate with Bitcoin or other popular digital currencies.
Depending on what type of crypto-tithing you want to use, there are different steps you will need to follow:
- If you want to support a specific denomination or just one congregation by donating Bitcoin or other currencies via an established wallet service, then visit the congregation’s website**
- If you want to make anonymous donations through an online community like Yours Network, then visit
Conclusion
Churches all over the world are starting to accept cryptocurrencies as tithing, and their numbers are only growing. Learn how to start your own cryptocurrency tithing, and use your donations to support your favorite congregation.
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