As we step into the new year, the world of cryptocurrency continues to expand and evolve. With this evolution comes the opportunity to use crypto for good, and Daffy is leading the way. As the first donor-advised fund (DAF) in the App Store with the ability to both contribute and invest in crypto, Daffy is revolutionizing the way we give back.
Initially, Daffy allowed donations in Bitcoin and Ethereum. However, in response to the growing demand for more diverse crypto donation options, Daffy has expanded its offerings. As of now, you can donate 126 different crypto tokens to charity through Daffy. This means you can now share your gains from a wide range of cryptocurrencies, including $DOGE, with worthy causes.
But the benefits of Daffy don't stop at the sheer variety of crypto tokens you can donate. When you contribute your crypto to your Daffy fund, you also get a tax deduction. This allows you to avoid paying taxes on your capital gains while supporting the charities you care about. The process is simple and straightforward. In just four clicks, you can contribute your crypto to your Daffy fund. The funds are then deposited into your account within four to five days from scheduling your contribution.
With Daffy, you can donate the proceeds to any of over 1.5 million qualified charities across the country. This makes Daffy not just a great option for a DAF, but a game-changer in the world of charitable giving.
So, if you're looking for a modern, efficient, and tax-effective way to give back, Daffy is the platform for you. With its wide range of crypto donation options and easy-to-use interface, Daffy is making generosity more accessible than ever before.
Please note: The information contained in this post is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional.