What is cryptocurrency? Expand A cryptocurrency is a digital or virtual currency that can be used online.
Which cryptocurrencies does Cornerstone accept? Expand We accept the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) Basic Attention Token (BAT) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) Axie Infinity Shards (AXS) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Bitcoin Cash (BCH) ChainLink (LINK) Compound (COMP) Curve (CRV) Dai (DAI) Decentraland (MANA) Dogecoin (DOGE) Enjin Coin (ENJ) Fantom (FTM) Filecoin (FIL) Gemini Dollar (GUSD) Injective Protocol (INJ) Kyber Network (KNC) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Maker (MKR) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Orchid (OXT) PAX Gold (PAXG) Polygon (MATIC) Ren (REN) Skale (SKL) Somnium Space (CUBE) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) Smooth Love Potion (SLP) Terra (LUNA) TerraUSD (UST) UMA (UMA) Uniswap (UNI) Yearn.Finance (YFI) Zcash (ZEC) 0x (ZRX) 1inch (1INCH) The list of currencies we can accept continues to grow. If you want to find out when we might be able to accept a currency you've invested in please contact us!
How do I donate cryptocurrency? Expand We use the platform ‘The Giving Block’ to accept cryptocurrency donations. All donations can be made through the widget above. First, select which type of cryptocurrency you wish to donate and enter your donation amount. Next, fill out some basic information about yourself and enter an email address where you would like to receive a text receipt. Lastly, a wallet address will be generated for your donation which is linked directly to our wallet. You can donate anonymously but we still need to ask for an email for your receipt to be sent to.
Why is Cornerstone accepting cryptocurrency? What are the benefits of donating cryptocurrency? Expand Cornerstone supports people with a range of support needs from a couple of hours to maintain independence and make friends to 24-hour residential care. We are passionate about inclusion, and take a pioneering approach to our delivery of care, and this pioneering and accessible approach extends to our relationships with our donors. There are now over 1,000,000 users of cryptocurrencies worldwide and we believe that accepting cryptocurrency donations will enable us to reach a wider range of supporters, which will ultimately increase our income and allow us to continue our essential work.
Is the exchange of cryptocurrency legal, regulated and safe? Expand Yes; there is currently no legal restrictions on merchants accepting cryptocurrencies in the UK. HMRC have issued guidance on the handling of cryptocurrency donations, which Cornerstone complies with comply with. The guidance can be viewed here: Tax on cryptoassets – GOV.UK (www.gov.uk). Cryptocurrencies work using blockchain security. A blockchain relies on networks of thousands of computers to verify transactions, making it close to impossible to tamper with the ledger. Cornerstone has custody and liquidity provided by Gemini, a licensed trust company that is regulated by the New York State Department of Financial Services (NYSDFS), and industry and world leader in cryptocurrency security and regulatory compliance. Cornerstone complies with the FRS 102 accounting policy which ensures our cryptocurrency donations are accounted for and measured accurately.