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🚨 I think crypto is a scam ❓ I have no idea what crypto is 💳 I just want to buy some
Section One

Why so many people think
crypto is a scam.

They're not wrong to be suspicious. The cryptocurrency space has produced some of the largest financial frauds in modern history — and most of them followed the same playbook. Here's what actually happened, with the legal record to back it up.

The honest answer is: the technology isn't a scam. The people running some of the biggest projects were. That distinction matters, because it's the difference between dismissing email because of phishing scams, and understanding that email itself is a legitimate tool that criminals also use.

Cryptocurrency was designed to solve a real problem — how do you send value over the internet without trusting a bank to handle it? The underlying technology works. What doesn't work is assuming that everyone building on top of it is honest. The space attracted enormous amounts of money very quickly, which attracted fraudsters at the same rate.

Here are the cases that actually made it to court — not rumors, not opinions, but legally established fraud with convictions or regulatory findings behind them.

FTX / Sam Bankman-Fried
Federal Conviction — 2024
FTX was one of the world's largest crypto exchanges. Its founder, Sam Bankman-Fried, was convicted in November 2023 on seven counts of fraud and conspiracy. The finding: customer funds were secretly transferred to his trading firm Alameda Research and used for personal expenses, political donations, and risky bets. He was sentenced to 25 years in federal prison. This was not crypto failing — this was a CEO stealing billions from customers. The crime would have been equally illegal in any industry.
OneCoin
DOJ Indictment — $4B Fraud
OneCoin was marketed as a cryptocurrency but had no real blockchain. It was a pyramid scheme that collected an estimated $4 billion from victims worldwide. Its founder Ruja Ignatova — the "Cryptoqueen" — was indicted by the US Department of Justice and remains one of the FBI's most wanted fugitives. Her co-conspirators have been convicted. OneCoin was never a real cryptocurrency — it was fraud dressed in crypto language.
Bitconnect
SEC & DOJ Action — 2021–2022
Bitconnect promised guaranteed returns through a "trading bot." The SEC and DOJ determined it was a Ponzi scheme. Promoters were charged with securities fraud. The scheme collapsed in 2018, wiping out billions in investor funds. The core tell: no legitimate investment guarantees fixed daily returns. Anyone promising that is lying about how markets work.
How to spot a fraudulent crypto project

Every major crypto fraud shares the same warning signs: guaranteed returns (no investment can guarantee this), pressure to recruit others (that's a pyramid scheme), no verifiable technology (OneCoin had no real blockchain), and celebrity endorsements paid for with project tokens. The cryptocurrencies on this page — Bitcoin, Monero, Litecoin, Ethereum — have been operating transparently for years, have open source code anyone can inspect, and no central authority that can steal your funds.

The currencies we accept for donations — Monero, Bitcoin, Litecoin, and Ethereum — are not investment schemes. They have no founder taking a cut, no guaranteed returns, no recruitment requirements. They are open networks where transactions are recorded publicly (or privately, in Monero's case) and no single person controls them. Their value comes from people choosing to use them, the same way the value of any currency comes from people choosing to accept it.

That doesn't mean their prices don't fluctuate — they do, significantly. But price volatility is not fraud. It's what happens when a young asset class trades globally with no central bank smoothing the swings.

Section Two

What cryptocurrency actually is,
in plain English.

No jargon. No assumed knowledge. If you've never thought about this before, start here.

Imagine you want to send $20 to a friend in another country. Today, you have to ask a bank to do it for you. The bank checks your account, deducts $20, contacts the other bank, and adds $20 to your friend's account — minus fees, minus days of waiting, minus their permission. You don't actually move money. You ask intermediaries to update their private ledgers.

Cryptocurrency was built to remove those intermediaries. The idea: what if instead of one bank keeping a private ledger, thousands of computers around the world all kept the same ledger simultaneously — and no single one of them could change it without everyone else agreeing?

1
You want to send crypto to someone. You create a transaction on your device — "I want to send 0.001 BTC from my address to this address." You sign it with your private key, which proves it came from you without revealing the key itself.
2
The transaction is broadcast to the network. Thousands of computers — called nodes — receive your transaction. None of them know who you are. They only see: address A wants to send X to address B.
3
The network reaches consensus. Computers on the network compete to bundle recent transactions into a "block" and add it to the chain of previous blocks. To do this they have to solve a computational puzzle — this is called "mining." The winner adds the block and receives a small reward.
4
The transaction is confirmed — permanently. Once your transaction is in a block, it's part of the permanent record. Every node on the network updates their copy. No single person, company, or government can alter it. The transaction is final.
5
Your friend has the funds. No bank. No waiting days. No asking permission. The network confirmed it, and that's the only authority that matters.
Why does crypto have value?

For the same reason any currency has value: because people agree it does and are willing to accept it. The US dollar has value because the US government says it does and people trust that. Bitcoin has value because millions of people globally have agreed to use it as a medium of exchange, and no government can inflate it away — there will only ever be 21 million Bitcoin. Monero has value because it offers something Bitcoin doesn't: true financial privacy. Litecoin and Ethereum have value through their utility and the networks built on top of them. None of this is magic — it's coordination and trust, the same foundations all money is built on.

Section Three

Which crypto should
you use to donate?

We accept four currencies. Here's an honest breakdown of each — what makes it valuable, what it costs to send, and who it's best for. We recommend Monero for most donors.

ɱ
Monero
XMR · Launched 2014
Why it has real value: Monero was built to solve a problem Bitcoin has — transparency. Every Bitcoin transaction is publicly visible forever. Monero uses advanced cryptography (ring signatures, stealth addresses, and confidential transactions) to make sender, receiver, and amount all private by default. For people donating to a recovery platform, that privacy matters. Monero has operated continuously since 2014, has a large global developer community, and is accepted by thousands of merchants and services worldwide.
Avg Fee
~$0.02–$0.05
Fee on $10 donation
Under 1%
Privacy
Complete
Confirmation time
~2 minutes
Pros
Fully private by default
Extremely low fees
Fast confirmations
Fungible — all coins identical
Cons
Harder to buy than BTC
Not on all exchanges
Requires Cake Wallet or similar
⭐ Best for donations
Bitcoin
BTC · Launched 2009
Why it has real value: Bitcoin is the original cryptocurrency and the most widely held. Its value comes from its fixed supply (only 21 million will ever exist), its 15+ year track record, and the sheer size of its global network — millions of users, thousands of merchants, accepted by major companies worldwide. It is the most liquid and most recognized digital asset. The downside for small donations: fees spike unpredictably during busy periods, and every transaction is permanently public on the blockchain.
Avg Fee
~$0.30–$0.82
Fee on $10 donation
3–8% (can spike)
Privacy
Pseudonymous
Confirmation time
10–60 minutes
Pros
Most widely accepted
Easiest to buy anywhere
Most trusted track record
Available on all platforms
Cons
Fees spike unpredictably
All transactions are public
Slower confirmations
✓ Good — easiest to buy
Ł
Litecoin
LTC · Launched 2011
Why it has real value: Litecoin was created by a former Google engineer as a faster, cheaper version of Bitcoin. It uses similar technology but processes blocks four times faster and consistently charges some of the lowest fees in the industry. It has operated since 2011 without major incident and is widely supported across exchanges and wallets. For sending small amounts, Litecoin is more practical than Bitcoin on a busy day — the fees are almost nothing.
Avg Fee
~$0.01–$0.15
Fee on $10 donation
Under 1%
Privacy
Pseudonymous
Confirmation time
~2.5 minutes
Pros
Very low fees always
Fast confirmations
Long track record
Widely available
Cons
Transactions are public
Less widely held than BTC
Smaller ecosystem
~ Fine — low fees, less common
Ξ
Ethereum
ETH · Launched 2015
Why it has real value: Ethereum is not just a currency — it's a programmable platform. Smart contracts, decentralized applications, NFTs, and most of the DeFi ecosystem run on Ethereum. Its value comes from being the infrastructure layer for a massive amount of software. However, that popularity is also its weakness for small donations: when the network is busy, "gas fees" (the cost of processing a transaction) can spike dramatically — sometimes more than the donation itself.
Avg Fee
~$1–$3 (varies)
Fee on $10 donation
10–30%+
Privacy
Pseudonymous
Confirmation time
~15 seconds
Pros
Very fast confirmations
Accepts ERC-20 tokens too
Widely held already
Cons
Fees too high for small amounts
Gas spikes unpredictably
Transactions are public
Complex fee estimation
⚠ Avoid for small donations
Section Four

How to buy crypto
and donate — step by step.

Pick the method that matches where you're starting from. Every guide assumes you have never bought crypto before. Every guide ends at our donation wallets.

Bisq Easy
No account. No ID. Peer-to-peer. Buy BTC directly from another person. — Best for privacy-conscious donors who want no sign-up process.
1
Download Bisq Easy

Go to bisq.network and download Bisq Easy for your operating system (Windows, Mac, or Linux). It's a desktop application — install it like any other program. No account creation required.

2
Open the app and go to the Trade section

When Bisq Easy opens, click Trade in the left sidebar. You'll see a list of offers from people willing to sell Bitcoin. These are real people, not a company.

3
Find an offer that works for you

Look for a seller accepting payment methods you have — Zelle, Venmo, bank transfer, or cash by mail are common. Filter by payment method if needed. Pick an offer with a good reputation score and a reasonable premium over the market price (5–10% is normal for peer-to-peer).

💡 The "premium" is extra cost you pay for the privacy and no-ID convenience. On a $20 purchase it's $1–2. Worth it if privacy matters to you.
4
Start the trade and follow the chat

Click the offer and enter how much you want to buy. Bisq opens a secure encrypted chat with the seller. Follow their instructions — they'll tell you exactly where to send payment (Zelle, Venmo, etc.) and how much.

5
Send payment and confirm

Send the payment through whatever method the seller specified. Go back to Bisq and click Payment Sent. The seller will confirm receipt and release your Bitcoin.

⏱ Most trades complete within 30–60 minutes. Don't close the app during the trade.
6
Send your Bitcoin to our donation wallet

Once you receive your Bitcoin in Bisq, go to Send, paste our Bitcoin address, enter the amount, and send. That's it — donation complete.

Bisq 1 — Full Desktop Client (XMR)
The most private method available. Requires more setup. Buys Bitcoin first, then swaps to Monero via Trocador. No account, no ID, no paper trail.
1
Download Bisq 1

Go to bisq.network/downloads and download Bisq (the full desktop client — not Bisq Easy). Install it. On first launch it will sync with the Bitcoin network — this takes 10–30 minutes. Let it finish before doing anything.

⚠ Bisq 1 requires Java to be installed. If the app doesn't open, download Java from adoptium.net first.
2
Set up your payment account

Go to Account → National Currency Accounts → Add new account. Choose your payment method (Zelle, Revolut, bank transfer, etc.) and fill in your details. This is stored locally on your machine only.

3
Buy Bitcoin

Go to Buy BTC, find an offer matching your payment method, and complete the trade the same way as Bisq Easy above. Bitcoin goes into your Bisq wallet.

💡 New Bisq accounts have lower trade limits. Your first trade should be small — $20–50 is ideal. Limits increase as you build account history.
4
Swap Bitcoin to Monero via Trocador

Go to trocador.app in your browser. Select BTC → XMR. Enter your Monero wallet address (from Cake Wallet — see below). Trocador gives you a Bitcoin address to send to. Copy that address, go back to Bisq, send your BTC there. Trocador automatically converts it and sends Monero to your wallet.

🔒 Trocador is a no-KYC swap service. It doesn't know who you are. The XMR arrives in your Cake Wallet with no link to your identity.
5
Get a Monero wallet first (Cake Wallet)

Before step 4, you need a Monero wallet address. Download Cake Wallet from cakewallet.com (available on iOS, Android, and desktop). Create a new Monero wallet. Write down your seed phrase and store it safely — this is the only way to recover your wallet. Your receive address is shown under the Receive tab.

6
Donate your Monero

In Cake Wallet, tap Send, paste our Monero address, enter the amount, and send. Done — the most private donation method available to anyone, anywhere.

Cash App
Bitcoin only. If you already have Cash App, this is the fastest method — under 5 minutes.
1
Open Cash App and tap the Bitcoin tab

At the bottom of Cash App, tap the Bitcoin icon (looks like a small ₿). If you've never used it, Cash App will ask you to verify your identity with your name and date of birth — this is required by US law for financial apps.

2
Tap "Buy"

Tap the Buy button. Enter the dollar amount you want to spend. Cash App shows you exactly how much Bitcoin you'll receive and what the fees are before you confirm. Cash App's fees are typically 1.75–3% plus a spread.

💡 You don't need to buy a whole Bitcoin. You can buy $5 worth. Bitcoin is divisible to 8 decimal places.
3
Confirm the purchase

Review the amount and tap Confirm. Your Bitcoin balance will appear in Cash App immediately. It's held in Cash App's wallet for now.

4
Send Bitcoin to our donation address

Tap the Bitcoin tab → Send Bitcoin. Paste our Bitcoin address in the recipient field. Enter the amount. Tap Confirm. Cash App will send directly to our wallet.

⚠ Cash App may ask for your PIN or Face ID to confirm the send. Bitcoin withdrawals from Cash App can take up to 72 hours to arrive but usually complete within an hour.
PayPal
Bitcoin and Ethereum. If you already have PayPal, you can buy crypto without creating a new account anywhere.
1
Open PayPal and find Crypto

Log into PayPal. On the home screen, scroll down to find the Crypto section, or tap the menu and look for Crypto. PayPal Crypto is available in the US only.

2
Select Bitcoin or Ethereum and tap Buy

Choose Bitcoin (BTC) or Ethereum (ETH). Tap Buy. Enter the dollar amount. PayPal shows the current price and fees before you confirm. PayPal's fees range from $0.49 to 1.8% depending on amount.

3
Confirm the purchase

Review and tap Buy Now. Your crypto balance appears in PayPal immediately.

4
Send to our donation wallet

Tap your crypto balance → Send. Select External Wallet. Paste our Bitcoin or Ethereum address. Enter the amount and confirm. PayPal will send directly to our wallet.

⚠ PayPal requires identity verification before allowing external crypto transfers. If prompted, complete the verification — it typically takes a few minutes.
Coinbase
All four currencies available. The most beginner-friendly regulated exchange in the US. Requires ID verification.
1
Create a Coinbase account

Go to coinbase.com and click Get Started. Enter your email, create a password, and verify your email. Coinbase is a regulated US company (publicly traded on NASDAQ) and is required by law to verify your identity.

2
Verify your identity

Coinbase will ask for your full name, date of birth, address, and a photo of your government ID (driver's license or passport). This is called KYC (Know Your Customer) — it's a legal requirement for all regulated exchanges. Verification typically completes in a few minutes.

3
Add a payment method

Go to Settings → Payment Methods → Add Payment Method. Connect a bank account (ACH — free but takes 3–5 days to clear), a debit card (instant but higher fees), or a PayPal account.

💡 Use a debit card if you want to donate today. Use bank transfer if you're okay waiting a few days and want lower fees.
4
Buy your chosen currency

Click Buy / Sell at the top. Select XMR, BTC, LTC, or ETH. Enter the dollar amount. Review the fees and confirm. Your crypto will appear in your Coinbase portfolio immediately (debit card) or after your bank transfer clears.

5
Send to our donation wallet

Click on your crypto balance → Send / ReceiveSend. Paste our wallet address for the matching currency. Enter the amount. Double-check the address — crypto transactions cannot be reversed. Click Continue and confirm.

⚠ Always send a small test amount first if this is your first time sending crypto. Once it arrives, send the rest.
Kraken
All four currencies available. One of the most trusted and longest-running exchanges. Slightly more advanced interface than Coinbase but lower fees.
1
Create a Kraken account

Go to kraken.com and click Create Account. Enter your email and create a strong password. Verify your email address. Kraken is a US-regulated exchange that has operated since 2011.

2
Verify your identity

Click Get Verified. For basic buying and selling, Starter verification requires your name, date of birth, country, and phone number. For higher limits, Intermediate verification adds a photo ID. Start with Starter — it's enough for small donations.

3
Add funds

Click Buy Crypto at the top. Kraken accepts bank transfers (ACH), wire transfers, and debit cards depending on your region. Select your funding method and follow the instructions to deposit USD into your account.

💡 Kraken's fees are generally lower than Coinbase — typically 0.9% for simple buys. Bank transfer funding is free.
4
Buy your chosen currency

Click Buy Crypto. Search for XMR (Monero), BTC (Bitcoin), LTC (Litecoin), or ETH (Ethereum). Enter the dollar amount, review the order, and click Buy Now. Your crypto appears in your Kraken account immediately.

5
Withdraw to our donation wallet

Click Transfer → Withdraw → Crypto. Select your currency. Click Add Withdrawal Address, paste our wallet address, give it a label (e.g. "Calico Recovery"), and save it. Select it, enter the amount, and click Withdraw. Kraken may send a confirmation email — click confirm in the email to release the withdrawal.

⚠ New withdrawal addresses on Kraken have a 72-hour hold for security. Add our address today and come back in 3 days if this is your first withdrawal. Or send a test first to clear the hold faster.
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