Bitcoin crowdfunding for WordPress

Why is Bitcoin crowdfunding particularly interesting for WordPress?

For website operators

With a market share of over 40%, WordPress is the most widely used CMS in the world. For bloggers, NGOs, creators and small companies, it is the ideal tool for bringing content and projects online quickly and flexibly.

With Bitcoin crowdfunding, your own content or project can be financed directly by readers and fans – without third-party providers and without dependence on payment services.

For beginners & people with specific concerns

If you don’t have a website, you can start a WordPress.com blog for free in just a few minutes and use it, for example, to collect Bitcoin for:

This also works without prior technical knowledge – e.g. with the Coinsnap pluginwhich can be installed directly in WordPress with just one click.

Bitcoin crowdfunding versus FIAT crowdfunding

Crowdfunding is nothing new – unlike Bitcoin crowdfunding. But why should you go for Bitcoin crowdfunding instead of fiat crowdfunding? In the table below you can see some of the key differences–and advantages–of Bitcoin crowdfunding versus fiat crowdfunding:

In summary, Bitcoin crowdfunding is ideal for small campaigns (target e.g. €200) that would not be possible with a large bureaucratic and cost overhead.

Bitcoin crowdfunding is also ideal for crowdfunding campaigns on topics that fiat payment service providers may not support (issue of censorship).

And of course, Bitcoin crowdfunding is unbeatable if your crowdfunding campaign relies on raising many small amounts (micro-payments) to achieve its goal – raising very small amounts of less than one Euro, for example, is not feasible with conventional fiat crowdfunding solutions!

Cost consideration – what do you get from the donation? Bitcoin versus FIAT

Let’s be honest – crowdfunding is all about one thing: money. And that’s why we now want to look at what percentage of your donors’ money actually goes NET to your crowdfunding fund. To do this, let’s first take a look at the fees:

Overview of fees (typical values)

1. platform fees

2. payment service provider fees (PayPal, Stripe)

We will now look at what this means using the example of a donation of €100.

Example of a net payout from a donation of €100

Note: With PayPal and Stripe there may be additional fees for currency conversion or country limits. For a donation of €10, for example, the fixed costs can account for a disproportionately large share.

In practice, therefore, depending on the platform and payment method, usually only 90% to 92% of the donation amount actually reaches the project or campaign. And especially with smaller donations or international payment transactions, the net percentage can drop even more significantly!

For what purposes can Bitcoin crowdfunding be used?

Bitcoin donations can be used in a variety of ways – here are some practical examples:

Bitcoin crowdfunding has a huge advantage over all fiat crowdfunding platforms – only one percent of the donations are lost on the way from the donor to you – or your beneficiary (infrastructure costs)! Exactly 99% of the donations are credited to your wallet and are available for the purpose of the campaign!

In short, with Bitcoin crowdfunding there are practically no limits to your ideas and creativity: Whatever you want to finance – if you have a good idea and can describe it well to your readers / visitors / followers, then you can use Bitcoin crowdfunding to collect Bitcoin for it.

No matter what it’s about – if other people are interested, you can offer them an easy, fast and secure way to get involved with Bitcoin crowdfunding!

Provider comparison: Bitcoin crowdfunding for WordPress

There is currently only one dedicated Bitcoin crowdfunding for WordPress plugin in the official plugin directory – Coinsnap Bitcoin Crowdfunding. However, there are various providers that offer external solutions, which then have to be integrated manually. Some examples are these:

Bitcoin crowdfunding for WordPress in practice using the example of Coinsnap

What does the plugin do?

The Coinsnap Bitcoin Crowdfunding Plugin for WordPress enables website operators to collect Bitcoin donations for projects, campaigns or personal causes directly on their own WordPress site. The special feature: The contributions are transferred in the form of Satoshis (the smallest unit of Bitcoin) directly and without detours to the wallet of the creator of the campaign – either via the Bitcoin Lightning Network or as a classic on-chain transaction. Processing is completely decentralized and without the involvement of third-party providers, banks or payment service providers.

What does the user interface offer?

Users can make their Bitcoin donations conveniently using a QR code and send a public shout-out or a personal message if they wish. These donor messages can optionally be displayed live on the website – a great way to create transparency and community. The donation forms are integrated using shortcodes and can be flexibly placed anywhere within the WordPress website – whether in pages, blog posts or widgets.

What do you need to use Coinsnap Bitcoin Crowdfunding?

All you need to use the plugin – in addition to a WordPress site – is a Coinsnap account or your own BTCPay server. A Lightning wallet or a wallet address is sufficient to receive donations. The plugin is fully GDPR-compliant, as no unnecessary data is stored, and is available free of charge in the official WordPress plugin directory.

How do I install and configure Coinsnap Bitcoin Crowdfunding?

The configuration is particularly beginner-friendly: After installation from the WordPress plugin directory, the connection to Coinsnap or your own BTCPay server can be established(see installation instructions).

All campaign parameters can then be set individually: The desired target amount in Satoshis, three preset donation amounts, the description of the project, a welcome text and an optional thank you message. In addition, fields for entering the name, e-mail address and personal message can be activated. If you wish, you can also use the shoutout function, which displays public donor messages directly on the website.

The form is easily integrated via an automatically generated shortcode that can be inserted anywhere on the website. Visitors then see a compact, modern donation form with a progress bar, countdown (if desired) and donation options. After scanning the QR code and confirming, the donation amount is transferred directly to the connected wallet of the campaign creator – quickly, securely and without detours.

Can I also use the plugin with my BTCPay server?

Coinsnap offers two operating modes: In simple mode, the connection is made via a Coinsnap account, which requires no prior technical knowledge. In advanced mode, tech-savvy users can connect the plugin to their own BTCPay server, giving them maximum independence and control over all aspects of the payment processing.

Excursus: legal framework for crowdfunding in Europe

In most countries of the European Community, collecting money as part of a simple crowdfunding campaign – e.g. for a private gift, a creative idea or a social project – is generally is generally permittedas long as no consideration is promised and there is no intention to make a profit exists. In this case, it is legally a case of gifts which do not require special authorization.

Important legal information:

As long as you are a private individual or initiative without commercial intent Bitcoin donations for a specific cause–for example via WordPress and the Coinsnap plugin–you are operating within a legally permissible framework in most of Europe. However, individual tax or legal advice is advisable in the event of uncertainties or larger amounts.

Conclusion: Bitcoin crowdfunding for WordPress is ideal for collecting Bitcoin quickly, cost-effectively and without any technical or bureaucratic effort

Bitcoin crowdfunding for WordPress is the perfect solution for anyone who wants to raise financial support in the form of Bitcoin quickly and easily without any prior technical knowledge, bureaucratic hurdles or complicated third-party services.

People with a specific cause – be it a private project, a social project or a creative goal – benefit in particular from the simple setup and direct payout to their own wallet.

The Coinsnap plugin makes implementation extremely easy: a campaign is live in just a few minutes, donations can be accepted immediately, and supporters from the immediate environment or the online community can contribute to the success of the project without any barriers.

So if you are looking for a modern, independent and accessible crowdfunding solution, Bitcoin Crowdfunding for WordPress offers a clear path to your goal.