With a Bitcoin Donate button, bloggers, YouTubers and influencers can receive donations in the form of Bitcoin from their own fans.
Learn in this post how you can get Bitcoin donated by your fans with a Bitcoin Donate button on your website, blog or post.
In the past, people consumed media such as radio, television, magazines and newspapers to entertain and inform themselves.
The importance of publishers and media houses continues to decline as digitization increases.
Most of the content no longer comes from publishers and media companies, but from YouTubers, gamers, influencers or bloggers.
They produce their own content, posts and videos, using new media such as social media, blogs and apps. This content is presented in digital form on the Internet and on smartphones.
A huge amount of digital content is produced and distributed:
- Over 2 million blog posts are published on the Internet every day.
- 1 billion stories are shared daily through Facebook products (Facebook, Instagram, etc.).
- Over 300 hours of video are uploaded to YouTube every minute.
These numbers will continue to increase as the annual growth rate is 16.5%.
But who consumes all this content? This is an expanding and global market:
- There are 4.18 billion mobile Internet users worldwide.
- 100% of 18- to 29-year-olds are on the Internet.
- The average Internet user spends 6.5 hours online every day.
But how do these YouTubers, influencers and bloggers earn their money with it?
A significant revenue stream is the share of advertising revenue from the relevant platforms on which the content and videos are presented.
Another source of income is the promotion of products either as sponsorship or as a success fee for referrals as part of affiliate marketing.
Financial support from the company’s own fans is becoming increasingly important. Followers, fans and viewers voluntarily pay a small amount to recognize and support the work.
This gratuity is called a tip and may be referred to as a donation, gratuity or tip.
This source of revenue is becoming increasingly important and in some cases already exceeds other sources of revenue.
Top gaming streamers like Jeremy “DisguisedToast” Wang claim that donations make up a significant portion of his revenue and often exceed advertising revenue.
But how do these people monetize their content on the Internet? How do you get your audience to pay for content, and how do these providers receive the appropriate payments?
Previously, PayPal was used to pay for tips, but there are some disadvantages with PayPal.
The sender and recipient of the payment must each have a PayPal account.
PayPal’s fees are uneconomical for smaller merchants at 2.9% + €0.30 per payment for micro payments.
PayPal does not accept every merchant and censors many business models.
Which payment method is available worldwide, accepts any content provider without restriction, and supports micro-payments?
The solution offers the receipt of grants in the form of Bitcoin or Lightning payments.
The Bitcoin Donate Button
Without much prior knowledge, a donation button can be placed on one’s own homepage.
Bitcoin Donate Button
If a follower wants to support the influencer’s work, he clicks on the button and a payment window opens.
It is possible to specify and send a freely selected amount.
The payment can be a few cents as a Lightning payment and the equivalent of a few euros as a Bitcoin payment.
Are you a YouTuber, do you run your own blog or have numerous followers on Twitter and Instagram?
Then a Bitcoin Donate Button is an ideal solution to quickly and easily receive Bitcoin from your fans and followers.
The simplest form is to enter a QR code with your own Bitcoin address.
All you have to do is set up a Bitcoin wallet and post a screenshot of the QR code of your Bitcoin address on your website.
One then always uses the same Bitcoin recipient address.
With both solutions, the recipient of the payment registers and receives an HTML code that you embed on your site. The service providers organize the receipt of incoming payments and you can freely dispose of your balance yourself.
An independent solution can be solved via the Donation button offered by some Bitcoin payment providers.
How to set up your own Bitcoin donation button with the BTCPay server is explained in the user example “Create Bitcoin Donation Button with BTCPay“.
With the help of Bitcoin and Lightning, YouTubers, bloggers and influencers can become more independent and care more about the interests of their own fans and followers.
Less consideration can be given to the concerns of sponsors and advertisers when it comes to contributions.
The good content becomes more and more important, because the content must convince the fans. Because only if the content is convincing, it will be rewarded with voluntary Bitcoin donations.
This can lead to a transformation of digital content. YouTubers and influencers will increasingly develop their own brand and thus gain a certain independence from the platforms.
A Bitcoin Donate Button thus becomes not only a source of revenue, but brings greater independence and sovereignty to the provider of the offer.