Airdrop is one of the cryptocurrency assets that is sought after by investors in this investment world. With airdrops, someone or a community will benefit for free.

In the cryptocurrency world, you can get free coins or crypto tokens with airdrops. In short, an airdrop is a free gift of crypto assets by the owner to a community or individual.

So, curious to know more about airdrops and how to get them? Relax, we’ve got you covered.

What is Airdrop?

Airdrop is a free gift of crypto assets to individuals or communities. Because it is given for free, airdrops are common promotional strategies in marketing.

Airdrop can be obtained in various ways., The first, is buying crypto assets through an (Initial Coin Offering) (ICO). The second, an initial coin offering before the exchange shows an official listing.

When participating in an airdrop, tokens are usually prepared for pre-existing blockchain holders., Such as Bitcoin/Ethereum/Binance Smart Chain/Avalanche/Polygon/Cosmos/Flow Blockchain and many others.

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The purpose of airdrops is to increase public awareness of new crypto assets. It can also increase trading volume on the exchange platform when the company launches it onto the exchange.

By giving away crypto assets for free, figures conducting the airdrop expect traders to have increased awareness. That way, later when the asset is listed on the exchange, the price can soar quickly.

How to Get Free Crypto Airdrops?

After learning what an airdrop is, you must be wondering about how to get money from airdrops, right? To get it, there are ways to achieve your goal based on the type of airdrop as below!

Standard Airdrop

This type of airdrop only requires you to sign up for updates or newsletters through the provider's website. You only need to register your name and email address.

Bounty Airdrop

To snag this airdrop share, the host asks you to repost, forward, or retweet the airdrop provider's web link. Then, invite your followers to join the event organized by the airdrop provider.

Holder Airdrop

This method requires you to own certain crypto assets stored in a crypto wallet such as Bitcoin (BTC) or Ethereum (ETH). You will receive the airdropped assets according to the ratio set by the provider.

Exclusive Airdrop

An exclusive asset distribution activity is similar to a giveaway. This activity is usually managed by websites and social media accounts with many followers. As a follower of these social media accounts, you are eligible to participate in this exclusive airdrop.

However, there are also airdrop scams.

There are currently many new scams under the guise of airdrops such as the following!

Data Theft

Usually, fraudsters will convince their victims to access a website or link that is actually a trap. On the website, all the victim's personal data will be collected.

The stolen data includes email addresses, social media, and crypto wallets complete with passwords. The data can later be sold by fraudsters to third parties or used for phishing.

Private Key Theft

Every crypto wallet has a public key and a private key. Public keys are keys that can be shared with other users to make transactions. Meanwhile, private keys are secret and should not be known to others.

Usually, when sending an airdrop, the company that will distribute crypto assets will ask for the public key, not the private key. Giving the private key to others means opening up opportunities for your wallet to be hacked.

Referral Theft

Many platforms utilize referral codes to increase the number of users or transactions for their business. Typically, they ask you to fill out a form on a website.

After that, the personal data you fill in will be used for account registration on a different platform. If used for fraud, they will use your referral code for personal gain.

That's Fevany's explanation of crypto airdrops that you can try to get crypto coins and tokens for free. In addition to increasing knowledge about cryptocurrency, this is also an additional pocket money, especially for students. Good luck friends!!

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