6 Cryptocurrencies You Can Donate to Ukraine

As things are seemingly becoming direr by the day in Ukraine, the country has begun to accept cryptocurrencies as donations. On February 26, 2022, they initially accepted three different cryptocurrencies, including Bitcoin. Now, they’re accepting everything from Dogecoin. After receiving nearly $50 million in donations from cryptocurrencies, Ukraine announced last Wednesday, March 2, 2022, that they would be doing an “airdrop,” which means they’ll be distributing crypto tokens back to the people who donated as a reward.

Here are six different cryptocurrencies you can currently use to Donate to Ukraine.

1. Polkadot

Gavin Wood, one of the co-founders of the blockchain platform Polkadot, sent $5.8 million in DOT crypto to Support Ukraine. The official Twitter account of Ukraine announced they would begin accepting DOT on Tuesday, March 1, 2022, three days after they first opened their doors to cryptocurrency donations. Wood’s donation is easily one of the largest so far and DOT stakeholders have contributed over $200,000 more.

2. Bitcoin

The most well-known cryptocurrency has been aiding Ukraine since last week. It has also seen a large jump in its worth, trading for over $50,000 recently. The last report was that around $14 million in donations had come from Bitcoin users.

3. Tether

Tether was one of the first cryptocurrencies accepted by Ukraine and the third-largest cryptocurrency in the world. Tether’s price has risen but also quickly fallen in recent days. Since sanctions have been put in place, there’s been a large spike in transactions on Tether’s platform. Tether is supposed to be a much more stable cryptocurrency but, of course, these are very unique times.

4. Dogecoin

Mykhailo Fedorov, the vice prime minister of Ukraine, announced that they would start accepting Dogecoin on Wednesday, March 2, 2022. Fedorov poked fun at the crypto, which is often referred to as a “memecoin,” but is now worth more than a Russian ruble.

“Now even meme can Support our army and save lives from Russian invaders,” he said in a tweet.

He also called on Elon Musk to help Support the cause, who has been a supporter of Dogecoin since the beginning.

5. Solona

Solana is a cryptocurrency blockchain platform that has teamed up with the Ukrainian government for a project called Aid For Ukraine. Anyone can Donate Solona cryptocurrency or any other tokens that are on the platform to Ukraine. Solona may be a platform to watch out for as it’s supposedly faster and cheaper than Ethereum.

6. Ethereum

Ether is the second most popular cryptocurrency behind Bitcoin. Just like Bitcoin, the worth of Ether has dropped significantly after sanctions were imposed on Russia and then rose tremendously after the invasion.

Cryptocurrency is being solicited by Ukraine in large part because they will receive the money quickly and won’t have to deal with bureaucratic red tape. Much of the donations are being used for humanitarian aid but also for military gear to protect themselves from Russia’s invasion.

If you want to help Donate to the people of Ukraine, you can send donations here to Red Cross, here to UNICEF, and here to several member organizations in the Emergency Action Alliance. Both Red Cross and Unicef accept cryptocurrency.

The Disaster Emergency Committee has set up a fund here, which provides food, water, and shelter to the refugees of Ukraine. Save the Children also accepts crypto here.

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