Does the thought of receiving free digital currency in your wallet excite you? By reading this article, you no longer need to imagine! Cryptocurrency airdrops are one of the easiest ways to earn free tokens in the crypto world. In this article, we will first learn the steps to obtain cryptocurrency airdrops. Then, we will visit the exchanges that give free digital currency and identify the best sources to receive cryptocurrency airdrops. Join us as we explore a new way to earn money in the crypto world together.
What is an Airdrop? Free Digital Currency for Project Supporters
Have you heard about ICOs? ICO stands for Initial Coin Offering, a strategy in which organizations distribute digital currencies at no cost, commonly using a method known as an airdrop. This method sends new or old tokens introduced by a cryptocurrency company or project to supporters or a specific range of digital currency activists. The primary purpose of an airdrop is to teach and promote the project and draw more public attention to it. Therefore, we can consider an airdrop a win-win marketing plan: “We will reward you with coins that will become valuable in the future. In return, you contribute to the security or popularity of the network by keeping these tokens in your wallet.”
The History of Airdrops in the World of Digital Currency
Cryptocurrency exchange services have officially added airdrops since 2014, although the concept is not new. The first cryptocurrency airdrop project was Auroracoin, aimed at turning the AUR token into Iceland’s national digital currency asset. Following Auroracoin, several other famous crypto projects such as Stellar Lumens (XLM), Bitcoin Cash (BCH), Uniswap (UNI), and other cryptocurrencies also conducted cryptocurrency airdrops.
For example, on March 18, 2022, 150 million ApeCoin (APE) tokens were distributed to Bored Ape Yacht Club (BAYC) NFT holders. On the day of the token launch, the price of APE was 8.5 USD. The day after the release, its value increased to 13 USD. Interestingly, each BAYC member could receive up to 10,950 tokens at that time. A rough calculation tells us that in that year, BAYC club members who sold their APE tokens in the first 24 hours made somewhere between 93,000 and 142,000 USD from this simple airdrop.
Interestingly, the term “airdrop” originally referred to a physical airdrop using an airplane: throwing medicine, weapons, and food from the sky to the ground by plane. However, just like physical airdrops, cryptocurrency airdrops require certain requirements, such as completing specific tasks or holding certain crypto assets in the wallet. Let’s explore the various methods to qualify for a cryptocurrency airdrop.
Types of Airdrops: The Best Ways to Get Free Digital Currency
As mentioned, users can take various tasks and actions to receive free tokens. Before going to the step-by-step tutorial on getting airdrop tokens, it is better to determine how our favorite airdrop works. Here are the main methods of cryptocurrency airdrops:
Standard Airdrop
In this method, participants only need to show their interest (for example, by registering for the project) and have a valid wallet address. Standard cryptocurrency airdrops are the most popular answer to “how to get airdrops” due to their simplicity and competitiveness.
Bounty Airdrop
Bounty airdrop is an incentive-based airdrop. In this type of airdrop, participants must first complete an activity, like helping to promote the project or inviting others to join the network. After completing this initial task, other scoring tasks will increase the user’s free digital currency with each completion.
Holder Airdrop
Another easy and hassle-free way to get free cryptocurrency is the holder airdrop. In this method, storing some of the project’s digital currency for a certain period in your digital currency wallet to be rewarded with the same token is enough.
Specialized Airdrop
A specialized airdrop targets a select group of recipients who are usually predetermined. This type of cryptocurrency airdrop often reserves rewards for individuals with a notable track record in the cryptocurrency sector or those belonging to specific communities. An example of this would be the airdrops given to members of the BAYC club.
Steps to Obtain Cryptocurrency Airdrops: Step-by-Step Tutorial
As mentioned earlier, anyone can receive a crypto airdrop. However, initially, you must take a few simple steps to qualify as a cryptocurrency airdrop recipient. Understanding the steps to obtain cryptocurrency airdrops is crucial for success.
Step 1: Have a Digital Currency Wallet
Having a digital currency wallet is the most important thing. Cryptocurrency airdrops send the digital currency to the crypto wallet address. You can use widespread and trusted cryptocurrency wallets like Trust Wallet, MetaMask, or hardware wallets. The steps to obtain cryptocurrency airdrops include having a digital currency wallet.
Step 2: Save a Certain Amount of Crypto Tokens
Specific cryptos in your wallet allow you to participate in cryptocurrency airdrops. Don’t forget to always have some (however small) necessary tokens like BTC or ETH in your wallet so you can use them for buying, selling, and airdrop transactions. Following the guide to acquiring crypto airdrops involves saving a certain amount of crypto tokens.
Step 3: Find a Suitable Airdrop Program
At this stage, it is enough to find the best airdrop projects. But where to find authentic cryptocurrency airdrops? There are currently several sources that you can use to find new crypto airdrop projects. Social media sites like Twitter and Discord serve as hubs for both information and discussions related to cryptocurrency airdrops. You can also take advantage of specialized websites with crypto airdrop calendars. Steps to obtain cryptocurrency airdrops include finding a suitable airdrop program. Following the guide to acquiring crypto airdrops is essential for finding the best programs.
Step 4: Learn About Crypto Projects That Offer Airdrops
Investing or participating in digital currency projects is always associated with risk due to the nature of this network. Doing enough research when you find a crypto airdrop campaign is significant. After seeing your favorite airdrop program, research the project, the technology it offers, and its sponsors and founders to avoid falling prey to scam airdrop projects. The process for getting airdrop tokens includes learning about crypto projects that offer airdrops. Understanding how to qualify for a crypto airdrop is vital to avoid scams.
Step 5: Follow the Crypto Airdrop Rules
Did you make it this far? Congratulations! If the investigation results are good and there is nothing suspicious, it is time to start. Complete all the requirements of the airdrop project, such as registration, purchasing the number of tokens necessary to begin participating in the program, and completing the relevant tasks to receive your free digital currency in the shortest possible time. Instructions for receiving crypto airdrops include following the rules of the crypto airdrop. The process for getting airdrop tokens is simplified by following all the steps.
Where Can We Find a Valid Airdrop?
Now that we know the steps to obtain cryptocurrency airdrops, it’s time to explain more about the fourth step in finding the best cryptocurrency airdrops. Some of the best websites provide the latest digital currency airdrops.
CoinMarketCap
You can enter the airdrop section of this website through the address CoinMarketCap and start receiving cryptocurrency airdrops from CoinMarketCap. Enter this link in your browser to begin receiving your free digital currency by creating an account on this website. Other features of this website include:
- Holding more than 425 airdrop projects
- At least one active airdrop per week
- Providing task-based cryptocurrency airdrops
Earni.Fi
Connect to the search engine for airdrop projects through Earni.Fi! You can learn about the top past and future cryptocurrency airdrops by entering your wallet address. Earni.Fi is another excellent option to find valid cryptocurrency airdrops.
- Newsletter for new cryptocurrency airdrops
- Access to top past cryptocurrency airdrops according to your asset parameters
- Loading the top active cryptocurrency airdrop projects in less than a few seconds
DappRadar
Access one of the largest collections of active projects at DappRadar. This website, like CoinMarketCap, is based on a scoring system, and after connecting the wallet, the user can connect to the cryptocurrency airdrop project with just one or two clicks.
Airdrops.io
Visit Airdrops.io to access the largest, most accurate, and comprehensive website of airdrop projects. Airdrops.io is one of the leading news platforms for airdrop projects, and it offers:
- Listing the dollar value of active cryptocurrency airdrops
- A list of suitable cryptocurrency airdrops
