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Donating crypto using the QR codes
Donating crypto using the QR codes

How to donate crypto by scanning a QR code to connect a wallet

Laira avatar
Written by Laira
Updated over 6 months ago

Thank you for your generosity and support. By following these guidelines, you help us ensure that your cryptocurrency donation is processed efficiently and securely. Your contribution is invaluable in supporting the cause of your choice.

QR Code Donations: Terms and Timescales

1. Scanning the QR Code : Donors should scan the provided QR code using their cryptocurrency wallet application. This will automatically populate the recipient's address and the designated amount (if specified).

2. Transaction Timeframes :

  • Manual QR Swaps : Transactions initiated via QR codes generally complete within one business day (~24 hours). Please note that network congestion and other factors can sometimes cause delays.

  • Blockchain Confirmation : Depending on the cryptocurrency used, blockchain confirmation times can vary. For most transactions, expect confirmation within minutes to a few hours.

Liquidity

1. Liquidity Risks :

  • The value of cryptocurrencies can be highly volatile. Donors should be aware that the value of their donation may fluctuate between the time of sending and the time of receipt.

  • We will endeavor to convert received cryptocurrency to our local currency as soon as possible to mitigate potential losses due to market volatility.

2. Network Fees :

  • Donors are responsible for any network transaction fees. These fees vary depending on the cryptocurrency and current network congestion.

  • Ensure there is enough balance in your wallet to cover both the donation amount and any applicable fees.

Important

1. Correct Token and Amount :

  • Ensure you are sending the correct cryptocurrency token to the specified wallet address. Sending a different token may result in the donation not being processed and could lead to permanent loss of funds.

  • Verify the amount before confirming the transaction. Sending an incorrect amount may require additional steps to rectify, causing delays in processing your donation.

2. Double-Check Wallet Addresses :

  • Always double-check the recipient wallet address before sending the donation. Cryptocurrencies sent to incorrect addresses cannot be recovered.

3. Pledged Amounts :

If you have pledged a specific amount, please send exactly that amount. Sending less or more can complicate the accounting process and delay the acknowledgment of your donation.

Contact for Assistance

If you encounter any issues or have questions regarding the donation process, please contact our support team at support@better.giving. We are here to assist you and ensure your donation is processed smoothly.

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Note : This guidance will be periodically reviewed and updated as necessary to accommodate any changes in technology or process improvements.

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