donty
  • Say Helloo to Donty
  • Getting Started
    • Core Value
    • What Inspired Donty?
    • Blockchain vs Traditional Donations
      • Cost Comparison
      • Market analysis
      • Why Donty Matters
    • What can I do on Donty ?
      • Connect Wallet
      • NFT
      • Staking
      • Donation
      • Create Event
      • Validator
    • Which Network Does Donty Support?
    • Development Stack & Tools
    • System Architecture
      • Presentation Layer (Frontend)
      • Application Logic Layer (Backend)
      • Smart Contracts Layer (Backend - Base Sepolia)
      • Analytics & Observability
      • Security Measure
    • RoadMap
    • How do I get Base Sepolia ETH?
    • FAQ
    • Team
    • References
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  1. Getting Started
  2. Blockchain vs Traditional Donations

Cost Comparison

PreviousBlockchain vs Traditional DonationsNextMarket analysis

Last updated 2 days ago

The data clearly shows that blockchain donations outperform traditional methods in both cost-efficiency and global accessibility.

  1. Lower Transaction Costs • Traditional Methods: SWIFT (HSBC): HKD 10,000 transfers cost between HKD 150 and HKD 215, excluding intermediary fees. PayPal: Charges around 2.9% plus a currency conversion markup (approx. 2.5%), often exceeding 5% overall. • Blockchain Donations: Bitcoin: Transaction fees around USD 1–2 (subject to network demand). Base, Solana: Fees can drop to fractions of a cent.

  1. Faster Delivery Speeds • Traditional Methods: SWIFT transfers take 1–5 business days, sometimes longer due to intermediary banks. PayPal international transfers may also span several days. Wise transfers generally complete in 1–2 days. • Blockchain Transactions: Bitcoin: Confirmations typically take 10–60 minutes (depending on required confirmations). Ethereum: Transactions can settle in 2–5 minutes under normal conditions. High-performance blockchains (e.g., Solana): Finalize transactions in under a second.