Crypto Donations On Twitch.tv — Easy!
Tired of using PayPal and Bank account donation options on Twitch.tv? Do you want to receive crypto donations on your channel for a change? If so, this article is for you. The article explains how to accept crypto donations such as Bitcoin on your Twitch using a donation button by NOWPayments.
The word is embracing gaming and e-sports as a fulling and well-paying career as streaming platforms such as Twitch.tv, D.Live, and Mixer provide ways to monetize content. One of the most popular ways of monetizing content is by accepting viewers’ donations on your channel. Donations make up for the larger part of the gamers’ revenue on these streaming platforms.
Over the years, fiat donation options such as PayPal and Skrill have dominated streaming sites, as content creators ignored newer payment options such as crypto. However, interest in crypto is steadily growing across the gaming generation (Millennials and Generation Z) as developers create solutions that make accepting donations and cashing out crypto easier.
What is Twitch.tv?
Twitch.tv is a live streaming service controlled by Twitch Interactive, a subsidiary of Amazon Inc. Since its launch in June 2011, Twitch.tv has grown into the largest live streaming platform offering diverse use cases including broadcasts of e-sports competitions, live music broadcasts, and other creative content. Recently, there has been an uptake of “in real life” streams featuring top worldwide stars.
According to Statista, Twitch.tv has over 15 million daily active streamers, as of June 2020. As one of the fastest moving markets in the streaming world, Twitch offers a sublime opportunity for the adoption of cryptocurrency payments. A clear pattern (explained below) is forming between the live streaming service and cryptocurrencies in a bid to replace fiat payment options.
Advantages of accepting crypto donations on Twitch
The generational connection between Twitch.tv and cryptocurrency will only get stronger as developments to ease donations on the streaming site gets better. As mentioned above, crypto offers a wide spectrum of benefits compared to fiat payment options hence the quick adoption by Twitch users. Below are some of the advantages of accepting cryptocurrency donations on your Twitch channel.
- Larger audience: Unlike options such as PayPal, which is not available in all countries, crypto offers a global audience a donation option without any geographical barriers.
- Multiple options: While most fiat payment donations are denominated in USD, EUR, or GBP, cryptocurrencies offer a wide spread of over 50+ cryptocurrencies to choose from.
- Opportunity for the unbanked: Cryptocurrencies do not need any bank account for you to receive the donation. This means that anyone can receive and send donations on Twitch.
- Investment opportunity: Cryptocurrencies such as Bitcoin can be used as both a currency and investment. While other Twitch users liquidate their cryptocurrencies, some hold them longer as an investment.
To find out how to set up a donation button on Twitch — continue reading in the NOWPayments blog!
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Why use NOWPayments.io?
NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. This service is custody-free, has competitive fees and is available worldwide.
- Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
- API, widgets, plugins and a donation button are all easy to integrate;
- It is a non-custodial service ensuring the security of your funds;
- A very simple setup
