How to Donate Crypto to Ukraine Without Getting Scammed?

Russia’s action to perform a special military operation on Ukraine has resulted in outpouring sympathy for the latter in the crypto community. Many people want to donate crypto to help the country, but they fail to do so due to lack of information.

How to donate crypto to Ukraine?

• The first and foremost important step is to have crypto in some secure wallet. You can have this wallet on an exchange platform, self-custodied wallet, or in a hardware wallet like Ledger Nano X.
• Keep the keys safe because if you don’t, you’ll likely lose access to your crypto holdings forever.
• Now, if you are aiming to be a nonprofit to raise crypto for Ukraine, you must first set up certain rules and disclosures. Comply with the documentation procedure by contacting a specialized attorney.

Chris Kline, the CEO of crypto investment company Bitcoin Ira says that sending crypto is “the same [as if] you wrote a check or if you wired money… It’s just a different asset that you’re using.”

How to receive crypto?

The recipient must have a secure crypto wallet and should provide the address of the same to the sender, who will transfer the crypto to that address.

Do a micro-test by sending a small amount to ensure that the address is correct. After the confirmation by the recipient, the full amount is sent to the same address.

If you are the one that is hosting a campaign to raise crypto for Ukraine, you must provide the address of the wallet to the crypto community to receive funds. Contact the Ukrainian authority to use the same for funding the war.

How to protect yourself from getting scammed?

Experts recommend distributing crypto through organizations on the ground, in this case in Ukraine, if you want to make a donation.

As a result, when looking through nonprofits and charity organizations, look for well-known ones that have been well researched. This will take some time and effort, but it will ensure that your donations reach those who are in need without you getting scammed.

Here are a few legitimate wallets that you can use to help Ukraine:

An opportunity to support Ukrainians here! Proceeds go to civilian efforts helping Ukrainians suffering from the war. https://t.co/GD7Qlw61nT

— vitalik.eth (@VitalikButerin) February 26, 2022

We've launched a crypto-native fundraising campaign https://t.co/MLU2FwoZJn to support Ukraine with humanitarian aid.

Pls, retweet! Let's provide life-changing support for those in need, and truly make the difference.

1/10 pic.twitter.com/nF0uTVKQ1Q

— unchain.fund (🇺🇦, 🇺🇦) (@Unchainfund) February 26, 2022