Verification Process and Trust Level for a Single User

The verification procedure is focused on the identity and geographical location of individual users signed up for Helperbit. This passage allows citizens to be helped in case that they are affected by a natural disaster, receiving direct donations.


What is the verification of a single user?

The verification of an individual (single user) is the procedure used to ascertain the identity and geographical position of an individual signed up for Helperbit.


What is the purpose of an individual’s verification?

The verification of an individual is a discretionary process, decided by the user. There are different levels of verification, which correspond to specific Trust Levels.
When a calamity happens, the completion of this step allows donors to know the Trust Level of a user that lives near the affected area and that probably needs help. The procedure is divided into several stages and is aimed at preventing fraudsters from collecting non-legitimate donations.


What are the benefits?

For donors: directly help those who have been truly affected by a natural disaster.
For beneficiaries: the opportunity to be automatically included in the list of possible beneficiaries affected by a catastrophe, immediately after that the event has occurred.


What are the procedures needed to complete the verification?

Two aspects are taken into account: Verification of identity and verification of geographical position.

  • Identity verification: there are several options to verify your identity, each choice with a corresponding score. The possible ways, ordered by increasing reliability, are:
    • Self-certification (write personal information in the specific fields)
    • Connection to one or more social accounts
    • Upload of an Identity Document


  • Verification of the geographical position. The options available for this step, ordered by increasing reliability, are:
    • Self-certification (write user’s location in the specific field)
    • Enable browser localization
    • Receive a One Time Code (OTC) to the home address
    • Upload documents (Invoice of a domestic user or certificate of residence issued by the General Register Office)


How are the received data managed and stored by Helperbit?

User privacy is a very important value for us. Each individual can change the settings related to the public visualisation of personal data through the own configuration page.
For more information, see the Privacy Policy page.

Create a social project and accept cryptocurrency donations in Helperbit

Cryptocurrency donations are growing exponentially and it is expected that this payment method will become increasingly important for the entire charity sector. In Helperbit, non-profit organizations can learn more about this new tool and create innovative fundraising campaigns.


What is a fundraising project?

A project is an initiative started by a non-profit organization, a company or a public body with the aim of raising funds for the execution of one or more social activities.


How to create a fundraising project in Helperbit?

A project is created within the user profile: in the “my projects” page you can manage projects that you previously have created or open new ones. Only the 3 mentioned entities are authorized to do this operation.
These are the basic information required to create a new project: Title, Description, fundraising target (in Euros, Dollars or Bitcoins) and link the own Bitcoin wallet where raise funds. All textual materials can be optionally added in Italian, English and Spanish.
If the project is related to a natural disaster, it is possible to link the project with the specific calamity that has already happened. Alternatively, it is required to select one or more countries where the project will be developed.
Subsequently, it is required to detail the list of activities, such as a list of goals, products and services that will allow the realization of the project. It is advisable to upload a document (invoice or quote) for each activity as a proof of spent, as more detailed projects have a greater possibility to receive more donations. Finally, the user has the opportunity to upload multimedia material, providing further elements to donors to evaluate the work.


What are the main advantages?

There are still few social initiatives that accept Bitcoin and cryptocurrencies donations. This situation offers the opportunity to get more visibility compared to traditional fundraising channels, as well as focusing on a new target of donors.
Donations are peer-to-peer and the creators of projects can immediately use the raised funds.
Adding this payment method and working with cryptocurrencies allows non profit organizations to offer transparency of the economic flows and have reputational benefits.


Who can create a fundraising project?

Non-profit organizations, companies and public bodies can create projects. Projects are not immediately visible in the platform, but they need to be reviewed and approved by Helperbit team.


Read also: Make a Donation using Helperbit

Make a Donation using Helperbit

There are several ways to make a donation in Helperbit: you can donate using Bitcoin, Litecoin, Ethereum and other 19 cryptocurrencies, but payments by credit, debit and prepaid cards are also accepted.


How do the donations work?

In Helperbit it is possible to donate to social projects hosted in the platform or to users affected by a natural disaster. In both cases there is a widget, which provides different payment methods and guides the donor in the procedure.


How to donate in bitcoin without being registered?

It is possible to donate in bitcoin by clicking on the “Donate” button, entering the amount you wish to donate and selecting “bitcoin” as the payment method. When this step is complete, the QR Code shows the information needed to make the transaction (bitcoin address of the beneficiary and the amount to be paid); alternatively, you can only copy the bitcoin address and manually set the desired amount using your personal bitcoin wallet.


How to donate using other cryptocurrencies?

Thanks to the collaboration with, you can donate using one of the 21 available altcoins: Ethereum, Litecoin, Dash, Zcash, DogeCoin, Syscoin, PeerCoin, BlackCoin, GameCredits, Decred, Flyp Token, Pivx, Basic Attention Token, BLOCKv, Aidcoin, DAI, Groestlcoin, Augur, VertCoin, Ox, VeChain.
When the service receives the cryptocurrency that you choose, the entire exchange operation is carried out automatically and within a few minutes, allowing the donor to follow the change in real time and the subsequent sending of the equivalent bitcoin amount to the final recipient.

More information about this payment method: Helperbit opens to altcoins, from today donations accepted also in Ethereum, Litecoin and many other cryptos


How to donate in bitcoin using your Helperbit account?

First of all, you have to create your own multisignature wallet in Helperbit and send bitcoins (or fraction of bitcoin) to the address you generated. When you have a positive balance, the procedure is simple and safe: you can choose the beneficiary and it is only required to enter the passphrase to confirm the sending of the donation.


How to donate using a credit card?

The process is very simple, similar to the normal online payment procedures; in the widget you need to click on “credit / debit card” and through an intuitive interface the donor is guided in the next steps. There is no need to buy yourself the bitcoin amount corresponding to how much you want to donate. The local currency is automatically exchanged in bitcoin and sent directly to the chosen beneficiary.

More information about this method of payment: Helperbit enables Bank Card donations with Blockchain traceability

Multisignature Bitcoin Wallet

Description of the bitcoin wallet used in Helperbit and its characteristics for the different types of users.


What is a multisignature bitcoin wallet?

A bitcoin wallet is a software created to store math-based currency (also called cryptocurrency) and can be equated to a bank account, where the bitcoin address corresponds to the IBAN and the password (here called passphrase, consisting of 12 words) is unique and generated when the wallet is created.
In Helperbit it is not necessary to download any software, as the procedure for generating the passphrase takes place on your browser (client-side).

The characteristic of this wallet is to be non-custodial and multisignature (M of N): N passphrases are generated, but M passphrases (fewer than generated) are requested to send a transaction. Helperbit manages only one passphrase, which means it has no decision-making power.
This increases the security of the wallet, protecting it from internal mistakes (loss of a passphrase or incorrect backup), and from external attacks by malicious people.


Types of bitcoin wallets available in Helperbit

For non-profit organizations and public entities, bitcoin wallets are “3 of 4” type, with 3 passphrases managed by the organization and one in the hands of Helperbit, as a backup. 3 passphrases are required to send transactions, so the User is able to operate independently. Helperbit instead, with only one passphrase, can not access the funds.

For Single Users and Companies, bitcoin wallets are “2 of 3” type, with 2 passphrases managed by the User/Company and one by Helperbit, as a backup. 2 passphrases are required to send transactions, so the User is able to operate autonomously. Helperbit instead, with only one passphrase, can not access the funds.

To meet the needs of structured stakeholders, a bitcoin wallet with a customized number of passphrases can be generated upon request.


Wallet security

During the wallet creation process, you are invited to download a backup file. It is important to keep it consciously, as it allows you to recover the funds. Even the 12 words that represent the passphrase must be kept safe, not easily accessible by other people: we suggest to not keep them on your computer, unless in a very safe way, but to write them on several paper copies. If you lose a copy, you are still have the other passphrases copies.

In case that more than one passphrase is lost, the access to the wallet is compromised. Neither Helperbit nor the Bitcoin network have the power to recover the funds, as only the User is the owner of his wallet.


How to recover your funds if you have lost a passphrase

Helperbit has developed an open source recovery service that helps Users in case of loss of a passphrase.
Click here and fill out the forms with the requested information. In case of problems, write an email to with the subject “Wallet Recovery”.

Read also: Helperbit’s Manifesto

Helperbit’s Manifesto

Introduction to the vision that brought to the foundation of Helperbit, the role of the blockchain technology in the donation transparency platform and the ambitions of the startup.



The cryptocurrencies have challenged many concepts that were considered established, bringing radical changes in many aspects of the society; they have proven that it is possible to overturn secular status and they also help us to redefine the unassailable roles of some institutions.
The concept of trust has a new connotation, bringing people to no longer have to arbitrarily entrust a third party, but to put their faith in mathematics. Yes, as the blockchain, the heart of bitcoin, operates according to mathematical laws.

Helperbit was born due to a precise need: restore confidence in the charity and insurance sector, where the lack of transparency has led citizens to be wary of some institutions.
Helperbit is a startup with a high technological value, with a strong social vision and innovative business aspects.


The platform

The platform offers the opportunity to donate to non-profit organizations, companies and public bodies that create charitable projects or to organizations involved in the management of humanitarian emergencies. Even registered individuals can receive donations, but only if they are directly affected by a natural disaster. This is a further benefit for registered citizens, as they can be both donors and, in case of need, beneficiaries.
Through Helperbit NGOs can accept cryptocurrency donations and open to a brand new target of donors. If they spend the received bitcoins they allow supporters to track in real time the path of the money on the blockchain, till the final use.

Bitcoin’s blockchain is the main technology of the platform: it is the unique open tool that offers audit of economic flows without relying on a central authority.
The mutual insurance service, that is focused on the coverage of collateral damages caused by natural disasters, will be released shortly.


The Business Model

The combination of social and business aspects is evident in the dual nature of the platform: some services are designed to be free, while there are some premium tools.

The goal is to maintain free access for individuals, non-profit organizations and government agencies, allowing them to use the basic services provided by Helperbit. In addition, as the startup does not intend to have revenues directly from donations, which can be used to help people in need, there are no additional costs on transactions related to donations. This means that, excluding the fees required by the network and service providers, 100% of the money will be addressed to the selected beneficiaries.

How does the startup generate revenue? Keeping the donative section freely accessible, the startup is focused on 3 revenue streams: technological consultancy for financial and industrial players; development of additional premium services for NGOs; development of a premium mutual insurance service against natural disasters.

Helperbit opens to altcoins, from today donations accepted also in Ethereum, Litecoin and many other cryptos

Thanks to the integration of the instant exchange, announced in September with the press release, the donation via altcoins is now operational.

The exchange, which has increased the number of supported altcoins to 15, allows donations in Ethereum, Litecoin, Dash, Zcash, DogeCoin, Syscoin, PeerCoin, BlackCoin, GridCoin, FairCoin, GameCoin, Decred, Flyp Token, Pivx and CreativeCoin. .

The service has also recently announced the SegWit support for Bitcoin and Litecoin.

Following a simple and guided procedure, it is possible to select the reference cryptocurrency and to send the chosen amount to the project we care most about. Once the service has received the cryptocurrency, the entire conversion operation is carried out automatically within few minutes, allowing the donor to follow the change in real time and the sending of the equivalent bitcoin amount to the final recipient.

This integration allows beneficiaries to not mandatory open a wallet for each currency, but to collect all the contributions as if they were donating  bitcoin and to offer the transparency of economic flows on a single blockchain, aggregating all the information.

Italian Parliament

Helperbit launches the blockchain-based platform for transparent donations in the Italian Parliament

Rome, 29th November 2017 – Donate in a transparent way, knowing exactly how the funds have been spent and tracking the money in real time, may seem utopian, but today it is real.

Helperbit announces the public launch of the platform for transparent donations at the event “Financing the social sector with Blockchain” held at the Italian Chamber of Deputies at Palazzo Montecitorio. The service offers the possibility to donate to non-profit organizations that create social projects and bodies involved in emergency management, providing certified financial transparency.

The financial flows can be monitored and tracked through Blockchain, while donations can be made by credit and debit card or directly using bitcoin.

For individuals, the advantage of getting access to the platform is twofold: in addition to track their funds, registered single users can receive donations from all over the world if they are affected by a calamity. Indeed immediately after a natural disaster, registered people that live in the devastated area are automatically shown as potential beneficiaries.

The startup helped Legambiente to raise 9.5 bitcoins (over 50,000 euros at the current exchange rate) for the “The rebirth has a young heart” campaign, designed to help young entrepreneurs affected by the earthquake in Central Italy. Other NGOs have already subscribed to the platform, including Associazione Crocerossine d’Italia Onlus, World Arctic Fund E.V., Emergenza Sorrisi Onlus, China Biodiversity Conservation and Green Development Foundation, Swiss Re Foundation, SOS Terra Onlus, BlockchainEdu,  Comitato Aperto Emergenza Homeless – Un sacco di Vita and La casa di sabbia – Onlus.

Guido Baroncini Turricchia, CEO at Helperbit, commented: “Blockchain is the key element of a system that aims to shape the whole charity world and on the wave of this change Helperbit wants to become a point of reference, developing new tools to facilitate access to technology to everyone.”

The charity sector has new ambassadors today: all those donors who will believe in a transparent and efficient way to drive donations and want to increase the social impact of their contribution will be part of this revolution.




Blockchain and ICO, crypto conference in the Italian Parliament

Yesterday the third conference about cryptocurrency and blockchain has been hosted in Montecitorio’s Aldo Moro room at the Chamber of Deputies, lower house of Italian parliament.

The conference has been organized by Member of Parliament Marco Baldassarre, already involved in crypto environment, and follows the two previous meetings where the Italian crypto associations (Assobit, Blockchain Education Network Italia, Bitcoin Foundation Puglia) and other startups operating in the bitcoin world showed their work.

In the first session the speaker was Stefano Capaccioli, President at Assobit and co-founder at Coinlex, who highlighted the legal and regulatory aspects of ICOs, Initial Coin Offering, new forms of crowdfunding made through the issuing of tokens or coins.
This disruptive phenomenon led to € 1.13 billion raised through ICO investments only in the first 6 months of this year, compared with € 235 million raised through Venture Capital. Since the nature of this tool has not yet been defined, the legislative approaches of the states are different. Capaccioli therefore described the position of the US SEC, Singapore monetary authority, Canadian and Chinese authorities and the issues still unsolved.
The second speaker, Andrea Medri, told his experience as entrepreneur in the crypto sector. Medri is the CFO at The Rock Trading, the longest ever bitcoin exchange, active since 2011.

In the second session the speakers were Claudio Parrinello, Federico Tenga and Guido Baroncini Turricchia.
The first one is working with 4 other entrepreneurs, who have already had startup experiences, for the launch of UNICO, a project that aims to recreate the digital scarcity of collectibles. The startup is starting an ICO on the Slovenian platform
Federico Tenga, COO at Chainside, described the story of their startup and the services offered (taxi payable in bitcoin), focusing more on why they chose to not do an ICO. According to Tenga, there are problems that often are underestimated by those who develop these initiatives, in particular the maturity of the blockchain infrastructures on which the project is based does not offer the adequate guarantees and, considering the business aspect, many projects force the issue of new tokens even if it is not necessary. However, this tool is considered interesting and powerful.
In the end, Guido Baroncini Turricchia presented Helperbit, the startup that uses the bitcoin blockchain to bring transparency in the charity field. The platform allows to monitor the flow of economic flows and is a tool developed to face opacity and inefficiency, in order to rebuilt trust in donors.
The CEO at Helperbit illustrated the charity fundraising managed by Legambiente, that raised over € 30,000 in bitcoin. These funds were addressed to young entrepreneurs affected by the earthquake in Central Italy and thanks to the blockchain it is possible to analyze how the money was spent. Turricchia also focused the attention on the issues linked with the launch of an ICO, highlighting the security aspects, the money and time needed, the market and the token model.

This conference is an important openness that Italian politics gives to entrepreneurs that work with innovative technologies, even at international level. Hopefully the dissemination path in the Parliament will continue with this perseverance and regulators will acquire the knowledge necessary to deal with future decisions with the right awareness.

The live streaming, which was viewed by more than 3000 people only during the event, is available at this link (Italian):

flyer conference

Helperbit partners up with to boost altcoin donations

Rome, September 25th, 2017 – Helperbit srl is pleased to announce the new partnership with, that will allow donors to use new payment methods. The integration of will enable donations in the Helperbit platform by paying in ETH, LTC, DOGE, DASH, FAIR, GAME, DCR, ZEC, SYS, PPC, BLK, GRC and other cryptocurrencies that will be added by, thanks to the proposals and votes of (FYP) token holders.

In Helperbit the exchange process will be instantaneous and no further registration will be required. Once the desired cryptocurrency is sent, the amount will be changed in Bitcoin at the current exchange rate and a direct transaction to the selected beneficiary will be visible, allowing real time tracking of the donation.

Both development teams are working to finalize the integration between the platforms, after having already successfully completed the first altcoin donation in the testnet environment.

The integration will be completed in the coming weeks, with the official launch of this new tool.

Guido Baroncini Turricchia, CEO at Helperbit, states: “Considering the growing role that altcoins play in digital market, we believe that these communities deserve the opportunity to support social initiatives with their own cryptocurrencies, maintaining simultaneously the same level of traceability and transparency; the main goal of Helperbit is to improve and extend the donation service, in order to reach more and more people in need and this is possible thanks to the integration of these innovations.”

Francesco Simonetti, CEO at, states: “We are proud to collaborate with Helperbit by providing the integration with our exchange service. We believe it is key to help NGOs to accept donations in cryptocurrencies and thanks to and Helperbit this will be possible with 13 cryptocurrencies. is now crowdfunding through its ICO following which an increasing number of cryptocurrencies will be added.”

About Helperbit
Helperbit srl is an innovative Italian startup, VAT 13844091002, which allows donors to donate to NGOs or those affected by an emergency and track the flow of economic flows using blockchain technology. The startup was selected for the Blockchain Space acceleration program, won several Italian and European competitions (iBank Challenge, Graz Blockchain Startup Contest, GTEC Blockchain Contest, D10e Startup Contest) and has been selected among the 100 innovative projects for the UN World Humanitarian Summit.

About is the instant accountless exchange with 50% profit sharing and distributed policy-making. It is already live with 13 cryptocurrencies and 169 trading pairs. No registration, email or ID verification needed: only the user’s crypto address. has also released a permissionless API to allow businesses and developers to accept payments in 13 cryptocurrencies. is launching its ICO 28th September to increase the reserves the exchange keeps for each cryptocurrency, improve the current service, integrate decentralized asset platforms and R&D in 2nd layer solutions.


mistral partnership

Helperbit enables Bank Card donations with Blockchain traceability

Rome, September 19th, 2017 – Helperbit srl announces that partnered up with Mistral Pay Ltd and The Rock Trading Ltd. The collaboration enables Helperbit to widen donation traceability services by adding a new payment method, but maintaining transparency and monitoring provided by the blockchain.
This new solution can boost the widespread adoption of blockchain for transparency purposes, even for people who are not practical with these new technologies but who have a Credit, Debit, or Prepaid Card.
The process is very simple, similar to classic online payment procedures; through an intuitive interface the donor is guided step by step, without the need to know and manage bitcoins.
The tool is already available in the Italian earthquake relief fund:

From now on, it is possible to donate by Credit, Debit and Prepaid Card through the regulated payment institution Mistral Pay. Thanks to The Rock Trading exchange service, the donation is automatically changed in bitcoin and immediately sent (subtracting acquiring and conversion costs specified at the time of payment) directly to the chosen beneficiary. The whole operation lasts the technical time required to confirm the transaction by the bitcoin network, so the wait is minimized.

Guido Baroncini Turricchia, CEO at Helperbit, stated: “The collaboration with Mistral Pay and The Rock Trading will bring the platform closer to a larger number of users by increasing the volume of donations for the benefit of the projects in Helperbit.”

Andrea Medri, CFO at The Rock Trading, commented: “We are happy to work with this worthy project. We believe it can bring benefits to the charity sector and demonstrate a positive use of blockchain technology, that is good for the whole community. ”

About Helperbit
Helperbit srl is an innovative Italian startup, VAT 13844091002, which allows to donate to NGOs or those affected by an emergency and tracking the flow of economic flows using blockchain technology. The startup was selected for the Blockchain Space acceleration program, won several Italian and European competitions (iBank Challenge, Graz Blockchain Startup Contest, GTEC Blockchain Contest, D10e Startup Contest) and was included among the 100 innovative projects for the UN World Humanitarian Summit.

About Mistral Pay
Mistral Pay Ltd is a private limited liability company incorporated pursuant to the Maltese Companies Act (Chapter 386 of the Laws of Malta). Mistral Pay’s registered office is Ground Floor, Europa Centre, St. Anne Street, Floriana, FRN9011, Malta. Registration number C 63632.
Mistral Pay is a licensed Payments Institution regulated by the Malta Financial Services Authority (MFSA) under the European Payments Services Directive that provides global electronic payment solutions to banks, credit unions, transaction-intensive financial services companies and the general SME sector. Mistral Pay is a member of the Portman International Holdings group. Portman International is a European financial services group and traces its origins to 1986 in London, England.

About The Rock Trading
In 2007, “The Rock Insurance Co.” was born as a virtual insurance company in Second Life, the first of its kind. In 2010, it changed the name in “The Rock Trading” with a section dedicated to fund management and currency exchange. It is one of the oldest active bitcoin exchange, active since June 2011. New currencies have been added (such as Litecoin, Namecoin and others) and in May 2013 it became a Ripple gateway and an official XRP reseller.
In July 2013, The Rock Trading becomes a Limited Liability Company, registered in Malta and founded by Andrea Medri (CFO) and Davide Barbieri (CTO).