5 Steps To Gaining Access To Crowdfunding Irrespective of Your Region
by Admin / Dec 19, 2024
Despite the fact that crowdfunding can be one of the best and most effective ways to easily raise large funding for your business or personal projects, your region or location could make the service inaccessible to you.
This is because your region may not be supported by the crowdfunding platform or payment gateway in use. Here are 5 steps to help yourself gain crowdfunding access if you are in such a situation.
Solutions
1. Crypto Payment Method
Lookout for crowdfunding platforms that accept cryptocurrency payments. This could be crypto assets like Bitcoin, Etherium, USDT, USDC, BNB etc. It really matters very little what type of cryptocurrency the platform accepts. The important thing is to be sure they accept crypto payments. This is because whatever type of crypto assets you or your donors hold , these can always easily get converted to the preferred crypto token or coin through cryptocurrency exchanges or wallet. So, as far as crypto payments are involved, interchangeability and transactional operations are a simple issue.
2. Avoid Fiat Payments Altogether
While some crowdfunding platforms work with fiat-only payment methods (Offramp), there are hybrids that combine both crypto and fiat methods (Onramp and Offramp). Also, there are those that work with crypto payment methods only (Onramp), no fiat.
If your platform is a hybrid type, your best bet is to select to be paid in crypto when your campaign successfully ends otherwise, you may be in for a shocker when you find out at the last moment that there is a fiat related restriction for your country or region and you can’t receive the payout.
Always remember this: Fiat currencies are regionally generated (Legally controlled by the native country where it was created, hence the regional restrictions) while Crypto currencies by their digital nature are universal or global, hence enjoy more adaptability and better global acceptance.
3. Start Your Own Bank
Lol. I am sure this bit will make a lot of my readers laugh their hearts out loud, LOL. How on earth does any “broke” person or group planning to start a fundraiser start their own bank, I hear you say.
Never mind me… I actually wasn’t talking about the conventional banking system which we are all familiar with. By “Starting your own bank”, I meant starting your own crypto banking or creating your own secure crypto wallet.
If you really are planning to start a fundraiser either for personal needs, medical emergencies, education, travel or business, it matters little whether you are an individual, group or organization. This is because all categories of fundraisers have one thing in common and that is the fact that they are expecting very large sums of funding, typically in the thousands or millions, sometimes in billions! It was because they needed this large sum that they started the fundraiser in the first place.
So now, with so much money heading your way in the next couple of weeks or thereabout, my guess is that the silliest mistake you don’t ever want to make is to have those funds fall through into the wrong hands.
A quick heads-up here: Unlike fiat payments that may be tracked, traced or reversed easily, crypto currency transactions are not easily traceable, especially if the transfers were made originally with fraudulent intents and sent across a million wallets and on different blockchains! One other thing, do not expect refunds or reversals for crypto payments that have fallen in the wrong hands.
Would you rather make that silly error of being careless with your wallet key and related credentials or would prefer to be very diligent and security conscious with your “Magical” crypto bank? Now that you understand the dangers of your bank safe keys falling in the wrong hands, we both know what the rightful options will be.
4. Setting Up Your Bank Correctly
This may sound difficult to those that are new to crypto currencies and everything related to crypto such as trading, exchange, deposit, withdrawal, transfer, wallet address, coin/token network type and so on.
But hey, relax. It is not as hard as it sounds.
Permit me to guide you into the flow…gently and simply.
The first step you need to take in creating or setting up your crypto bank is to download the crypto wallet app (For Smartphone) or Chrome browser extension (For PC or Laptop).
There are over 250 different types of Crypto wallet apps on Appstore (iPhone) and Google Playstore (Android), you could simply download and install ANY of them. At this point in time, you task is only to familiarize yourself with the interface of the app or wallet so that you may learn a few things first hand before deciding on the actual crypto route you want to follow. Some common wallet apps are Metamask, Coinbase Wallet, Trust Wallet, Tonkeeper, Bitget Wallet, Phantom Wallet… the list is endless actually. Just download and install any one you find first, it doesn’t matter which, at least for now.
By the way, I must mention that all wallets irrespective of the name or type of app, have essentially the same basic functionalities, such as receiving crypto assets, transferring them to others, exchanging them and generating specific wallet addresses for each type of coin or token in your general wallet purse. For instance, in my Trust wallet purse, I would have a specific wallet address to receive Bitcoin payments (BTC wallet address), I would have another one for Ethereum payments (ETH wallet address), Binance Coin (BNB wallet address), USD Tether stable coin payments (USDT wallet address) etc. By the way, the app is the purse while the internally held addresses are the individual wallets for each asset.
In effect, I could have up to 1,000 different types of crypto assets (Coins and Tokens) in a single Trust wallet purse (Trust wallet app).
Each of these wallets are generated for you on the blockchain free of charge, so feel free to experiment with absolutely zero payments!
Also, I must mention that if you prefer, you could create as many different Trust wallet purses as you want by installing the app on different devices and using different login credentials (keys) on them. This allows you to separate and completely isolate, say for instance, your BTC payments, where one account (purse) will be dedicated solely to the fundraiser and the other one(s) may be used for general everyday purposes.
In effect, installing a wallet app allows to become familiar with the interface and with crypto currency terminologies such as blockchain, network type and token or coin.
As I promised, understanding the cryptocurrency world is not difficult once you start with any crypto wallet app as I have mentioned above. Going headlong fully into the crypto tutorial will make this article longer than desired, so here is what I’ll do: I shall dedicate a followup write up as a sequel to this article, just ensure you tell me in the comment box what aspects you personally want me to include in the upcoming article and be sure to check back for it.
5. Final Arrangements.
Once you have at least some manageable level of understanding of cryptocurrency wallets and crypto assets, the next step is to make it real by preparing a wallet to receive your actual crowdfunding payout. I’d rather suggest that you prepare a separate or dedicated smart-device or Laptop for this purpose. If it is a device you have been using, it is advisable you copy out all your relevant data, images, videos, files etc on it and thereafter “FORMAT” it so as to completely wipe off all data on it. This will help you remove any hidden spyware, keylogger or monitoring software that may have been on it which could allow a hacker or fraudster gain unauthorized access to your crowdfunding payouts stored in your wallet(s) on that device. Once your actual payout wallet has been installed on it, you must restrict physical access to it as well as not use it to browse the Internet unnecessarily or carelessly. Use your other devices for general purposes. Additionally, never share your secret keys with anyone.
Get Started Right Now.
As a first step, why not create your first crowdfunding campaign with us at DonorsGift.com for free?
We only accept crypto payments, so you can be sure there are no regional restrictions by us on our crowdfunding platform. We created the platform specifically to solve the big hurdle of regional issues that has robbed so many potential beneficiaries of the much sought golden opportunities that crowdsourcing brings. As a business, you may specify what special benefits and perks you have for your prospective donors if they support your dream. As a donor, your donation may grant you access to special privileges in the businesses you support, such as highly discounted Initial Asset Offers (IPO, ICO, IDO, etc), product / service giveaways and huge discounts etc when the business goes live. As a campaign creator, campaign creation takes less than a minute and with our social share icons, you will be able to quickly share your fundraiser campaign with family, friends, colleagues and the general online public across the Internet.
Start your free fundraiser today.
Click here to start, free.
This is because your region may not be supported by the crowdfunding platform or payment gateway in use. Here are 5 steps to help yourself gain crowdfunding access if you are in such a situation.
Solutions
1. Crypto Payment Method
Lookout for crowdfunding platforms that accept cryptocurrency payments. This could be crypto assets like Bitcoin, Etherium, USDT, USDC, BNB etc. It really matters very little what type of cryptocurrency the platform accepts. The important thing is to be sure they accept crypto payments. This is because whatever type of crypto assets you or your donors hold , these can always easily get converted to the preferred crypto token or coin through cryptocurrency exchanges or wallet. So, as far as crypto payments are involved, interchangeability and transactional operations are a simple issue.
2. Avoid Fiat Payments Altogether
While some crowdfunding platforms work with fiat-only payment methods (Offramp), there are hybrids that combine both crypto and fiat methods (Onramp and Offramp). Also, there are those that work with crypto payment methods only (Onramp), no fiat.
If your platform is a hybrid type, your best bet is to select to be paid in crypto when your campaign successfully ends otherwise, you may be in for a shocker when you find out at the last moment that there is a fiat related restriction for your country or region and you can’t receive the payout.
Always remember this: Fiat currencies are regionally generated (Legally controlled by the native country where it was created, hence the regional restrictions) while Crypto currencies by their digital nature are universal or global, hence enjoy more adaptability and better global acceptance.
3. Start Your Own Bank
Lol. I am sure this bit will make a lot of my readers laugh their hearts out loud, LOL. How on earth does any “broke” person or group planning to start a fundraiser start their own bank, I hear you say.
Never mind me… I actually wasn’t talking about the conventional banking system which we are all familiar with. By “Starting your own bank”, I meant starting your own crypto banking or creating your own secure crypto wallet.
If you really are planning to start a fundraiser either for personal needs, medical emergencies, education, travel or business, it matters little whether you are an individual, group or organization. This is because all categories of fundraisers have one thing in common and that is the fact that they are expecting very large sums of funding, typically in the thousands or millions, sometimes in billions! It was because they needed this large sum that they started the fundraiser in the first place.
So now, with so much money heading your way in the next couple of weeks or thereabout, my guess is that the silliest mistake you don’t ever want to make is to have those funds fall through into the wrong hands.
A quick heads-up here: Unlike fiat payments that may be tracked, traced or reversed easily, crypto currency transactions are not easily traceable, especially if the transfers were made originally with fraudulent intents and sent across a million wallets and on different blockchains! One other thing, do not expect refunds or reversals for crypto payments that have fallen in the wrong hands.
Would you rather make that silly error of being careless with your wallet key and related credentials or would prefer to be very diligent and security conscious with your “Magical” crypto bank? Now that you understand the dangers of your bank safe keys falling in the wrong hands, we both know what the rightful options will be.
4. Setting Up Your Bank Correctly
This may sound difficult to those that are new to crypto currencies and everything related to crypto such as trading, exchange, deposit, withdrawal, transfer, wallet address, coin/token network type and so on.
But hey, relax. It is not as hard as it sounds.
Permit me to guide you into the flow…gently and simply.
The first step you need to take in creating or setting up your crypto bank is to download the crypto wallet app (For Smartphone) or Chrome browser extension (For PC or Laptop).
There are over 250 different types of Crypto wallet apps on Appstore (iPhone) and Google Playstore (Android), you could simply download and install ANY of them. At this point in time, you task is only to familiarize yourself with the interface of the app or wallet so that you may learn a few things first hand before deciding on the actual crypto route you want to follow. Some common wallet apps are Metamask, Coinbase Wallet, Trust Wallet, Tonkeeper, Bitget Wallet, Phantom Wallet… the list is endless actually. Just download and install any one you find first, it doesn’t matter which, at least for now.
By the way, I must mention that all wallets irrespective of the name or type of app, have essentially the same basic functionalities, such as receiving crypto assets, transferring them to others, exchanging them and generating specific wallet addresses for each type of coin or token in your general wallet purse. For instance, in my Trust wallet purse, I would have a specific wallet address to receive Bitcoin payments (BTC wallet address), I would have another one for Ethereum payments (ETH wallet address), Binance Coin (BNB wallet address), USD Tether stable coin payments (USDT wallet address) etc. By the way, the app is the purse while the internally held addresses are the individual wallets for each asset.
In effect, I could have up to 1,000 different types of crypto assets (Coins and Tokens) in a single Trust wallet purse (Trust wallet app).
Each of these wallets are generated for you on the blockchain free of charge, so feel free to experiment with absolutely zero payments!
Also, I must mention that if you prefer, you could create as many different Trust wallet purses as you want by installing the app on different devices and using different login credentials (keys) on them. This allows you to separate and completely isolate, say for instance, your BTC payments, where one account (purse) will be dedicated solely to the fundraiser and the other one(s) may be used for general everyday purposes.
In effect, installing a wallet app allows to become familiar with the interface and with crypto currency terminologies such as blockchain, network type and token or coin.
As I promised, understanding the cryptocurrency world is not difficult once you start with any crypto wallet app as I have mentioned above. Going headlong fully into the crypto tutorial will make this article longer than desired, so here is what I’ll do: I shall dedicate a followup write up as a sequel to this article, just ensure you tell me in the comment box what aspects you personally want me to include in the upcoming article and be sure to check back for it.
5. Final Arrangements.
Once you have at least some manageable level of understanding of cryptocurrency wallets and crypto assets, the next step is to make it real by preparing a wallet to receive your actual crowdfunding payout. I’d rather suggest that you prepare a separate or dedicated smart-device or Laptop for this purpose. If it is a device you have been using, it is advisable you copy out all your relevant data, images, videos, files etc on it and thereafter “FORMAT” it so as to completely wipe off all data on it. This will help you remove any hidden spyware, keylogger or monitoring software that may have been on it which could allow a hacker or fraudster gain unauthorized access to your crowdfunding payouts stored in your wallet(s) on that device. Once your actual payout wallet has been installed on it, you must restrict physical access to it as well as not use it to browse the Internet unnecessarily or carelessly. Use your other devices for general purposes. Additionally, never share your secret keys with anyone.
Get Started Right Now.
As a first step, why not create your first crowdfunding campaign with us at DonorsGift.com for free?
We only accept crypto payments, so you can be sure there are no regional restrictions by us on our crowdfunding platform. We created the platform specifically to solve the big hurdle of regional issues that has robbed so many potential beneficiaries of the much sought golden opportunities that crowdsourcing brings. As a business, you may specify what special benefits and perks you have for your prospective donors if they support your dream. As a donor, your donation may grant you access to special privileges in the businesses you support, such as highly discounted Initial Asset Offers (IPO, ICO, IDO, etc), product / service giveaways and huge discounts etc when the business goes live. As a campaign creator, campaign creation takes less than a minute and with our social share icons, you will be able to quickly share your fundraiser campaign with family, friends, colleagues and the general online public across the Internet.
Start your free fundraiser today.
Click here to start, free.