“For those who are interested in individual crypto projects, coins like withdraw money from crypto com bitcoin and Ethereum seem to be a safer, more promising bet than early-stage projects,” he said. “That’s not to say you should throw out your digital coins immediately. It could be worth holding onto the crypto you have, just in case it ramps up one day—but don’t bet on it.” In fact, supporters who want to donate cryptocurrency are supporting our work in a tax-efficient way. Cryptocurrency donations provide 30% more income directly to our work than traditional cash gifts. The IRS currently classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible on your return. Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified bitcoin as property for tax purposes. This means that when someone donates bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit like WaterAid, donors do not have to pay capital gains tax and it is tax-deductible.