This is you complete guide to crypto airdrops, in the below post we have listed down almost all of the FAQ that you need to answer on the subject.
What is a Cryptocurrency airdrop?
Cryptocurrency airdrop means, quite literally, dropping free crypto coins directly into your wallet. There are no fees, no charges, airdrop coins are simply transferred free of cost to your coin wallet. What is a cryptocurrency wallet? It’s a big topic and I will touch on this later in this post.
Not satisfied with the crypto airdrop meaning? Well read on.
How do you get airdrop for free? Even if you are a newbie and just joined in into airdrop cryptocurrency mania you can still easily get free airdrop coins in 2018. The best way to stay updated on the upcoming airdrops is to join our crypto airdrops telegram channel. You can also find upcoming crypto airdrops on reddit as well on facebook. Our Crypto Airdrops List on our website is always updated with the latest and the best coin airdrops of 2018. You should also check our crypto airdrops calendar so that you can apply daily!
Of-course these airdrops are not 100% free, nothing really is in the world, right? Sometimes, there are certain tasks that the one needs to do to get free airdrops. These tasks are called bounties and in same way entitles you earn free eth tokens in airdrops. In our airdrop alerts to our users we send almost all kind of airdrops, except of course the obvious scam crypto coins.
In short the idea is to reward early adopters of cryptocoins. These blockchain tech projects reserve a part of their tokens just for the free distribution to their crypto community.
While at other times you already need hold some type of altcoin or even bitcoin to receive airdrop coins. E.g. In two very popular cryptocurrency airdrop holders of bitcoins received free bitcoin cash and holders of Ethereum received free tokens of OmsiGo.
To claim airdrop tokens you sometime need to register on project’s airdrop website or join airdrop telegram group. And yes, if the project is asking for ETH address don’t forget to provide one.
Now you know what is an airdrop. Right?
But wait there is lot more! In my post I have explained how to get free tokens and tracker on the site provides a list of airdrops.
Are Crypto Airdrops safe?
I will say 99.99% yes. To get an airdrop coin all you have to give is some non-personal details and 5 minutes of your time. However, there do are frauds in cryptocurrency airdrops. There are some shady coin project which have no intention to do anything except of-course asking for donations for airdrop tokens. In such case you should always stay alert and avoid these coin projects by miles.
Remember the golden rule – never ever share your private keys while applying to a coin airdrop. Reporting such issues is the best way forward as it alerts the whole community of the bad intentions of the developers.
Types of Crypto airdrops
There are a few different types of coin airdrops but for the brevity (and for the profit!) we will focus on Ethereum airdrops or ETH airdrops, in short. That being said, here are a few different kinds of airdrops:
Crypto airdrop forks: Cryptocurrency airdrop forks basically means that an existing blockchain tech is forked in two and a new airdrop coin is created. Crypto airdrop forks can be soft or hard fork.
It is a hard fork where the real money is. Over the period of time, both Bitcoin forks and Ethereum forks have made a lot of free coins for their holders. The idea is simple, when a new cryptocoins are created it is distributed free to the community which is already holding the older coin. Ethereum classic was a result of hard-fork and is a great success, Bitcoin Cash too was forked out from Bitcoin and had been a massive value add to the Bitcoin holders. Who doesn’t like to receive free coin airdrop, right?
Ethereum Airdrops or ERC-20 Airdrops: Ethereum is a sort of a gold standard of cryptocurrencies, mainly because it is a fast growing platform with a well established cryptocurrency community. There are many other platforms such as Waves which also do airdrops, but they are rare and in-between.
Ethereum not only provides platform to create your own DAPP (distributed app) but also allows you to create your own coin. Yes, anyone, with a wild thought in mind can go ahead and create his own new ether token! That’s the prime reason for a flood of ICOs (and hence ICO airdrops) that we are seeing these days.
Ethereum Airdrops are quite straightforward, at least most of them. The way it works is you apply for a cryptocurrency airdrop for a blockchain tech and receive airdrop coins directly in your Ethereum wallet.
Crypto Faucets: While you can contest that faucets are not really cryptocurrency airdrops, they do by definition give away free Cryptocurrencies. They are 100 different faucets right now, but 99.99% of them are spammy and not really worth your time. I personally like free bitcoin (link on the top menu) which has been operating successfully for several years now, and it also doesn’t bombard your with advertisements.
Free bitcoin was given in some faucets during the very early days. Many of them are crypto millionaires now. You can also call it Bitcoing Airdrop. Sweet, right?
Crypto Airdrops – Should you apply?
Well, for one if you are an absolute beginner in cryptocurrencies, airdrop is the best way to wet your feet. There is zero risk in coin airdrops, as only thing you have to invest is 5 minutes of your time.
New altcons are flooding the cryptocurrency market everyday and hence the flood of free airdrops tokens too! There way to many coins for someone to track, so we do the job for you and send our users airdrop alerts.
Since absolutely anyone with little bit of invest can create his own ERC-20 token, there are a lot of shit tokens out there which serve absolutely no purpose. Here on https://airdrops.me we weed out such spammer coins and save you from wasting time. That being said we only remove the obvious low-life fraud crypto tokens and won’t remove anything else as we want you to do as many as coin airdrop possible.
Some of the businesses are actually genuine and not pump-n-dump kind of quick schemes that promoters are looking to make quick bucks on. Seriously, there are so many scams out there, so please do your due diligence, if you really are interested in investing.
There are gems in between, and this is what you need to work on. Projects like Hawala tokens and OmsieGo have really made good returns for people who initially applied for their airdrops.
So, how will just a few Crypto projects will make you good money? Are these airdrops really worth your time? The answer totally depends on you… How so? Well, the key to actually striking it big is referrals. Almost every free airdrop comes with an affiliate system, the key is to apply for all these airdrops and then promote them with your affiliate id. Profit!
Why are all these projects giving free Cryptocurrency?
So, now you understood new cryptocoins are given away in airdrop for free. But you still can’t make sense of why these coin projects are giving airdrop free?
It may appear that these projects are giving away free Cryptocurrency but it is far from the truth. They are actually paying to do certain crypto bounty tasks, at a bare minimum level they are making you join their telegram group and hence building a telegram community.
There are many other tasks they can ask you to do, e.g. sharing the cryptocurrency airdrops on facebook, follow them on twitter for airdrop alerts, clap them on medium blog etc. Social indicators not only promote their projects but also adds a sort of confidence in their investor when they look at their social media followers.
Lastly, but not least, Blockchain tech projects gather email addresses which further help them promote their ICOs … to You! Yes, they know if they bombard you with emails just enough, some of you will actually become their customer and buy their ICO tokens. I, personally, absolutely do not recommend buying an ICO, but you be your own best judge.
How to Apply for ERC-20 Ethereum Airdrops?
At the most basic level the airdrop will ask you for two things:
- Ethereum address — where it will airdrop the tokens.
- Telegram id — where you will join their projects
This being said, there are a few different style of airdrops and we will cover them all in a separate blog post! We will show how to apply for each of these Crypto airdrops step by step. Also, note that for your convenience we send you airdrop alerts when you subscribe to our various channels.
You can easily create a ether wallet address by going over to myetherwallet or MIST or metamask wallet. When you create a new crypto wallet you will receive a pair of public and private key. The public key is your ETH address you will need to apply for a coin airdrop while the private is something you will need to do transactions like sending your ETH tokens to some other address. Needless to say, in order to safely apply to coin airdrops you need to keep your private key safe. Never share your private key with a coin airdrop.
How to check your free airdrop balance?
Checking your airdrop token balance is a very simply process. There are two main website I use to check my free tokens balance – ethplorer and etherscan. Go to any of these website and enter your ETH address to know your free tokens balance.
In the below screenshot you need to enter your ETH address on the top right corner and hit ‘Go’. Do you see the label ‘Token balance’ click on it find out how many tokens do you own currently. As you can see my token balance is 55 right now.
Another useful crypto tip is to go to this coinmarketcap.com link. This is where all the new crypto airdrops get listed. This is helpful to check in which crypto exchange your free crypto is listed, what is the current market price and how much is the trade volume. All of this comes handy when you are trying to sell your new cryptocoin.
What to do when you receive an airdrop coin?
Coin airdrop would typically drop your ether tokens right in your mew address. Now, you can either continue to hold these free cryptocurrency tokens or simply transfer to an exchange to sell them at a profit.
It takes time for new airdrop coins to get listed on exchanges but when they do you will see a significant price movement. You can sell your airdrop coins if you are sure about its blockchain tech future or if you understand their business, keep on holding these free new cryptocoins.
Bookmark this Airdrop alert website to stay on top of the upcoming airdrops of the new cryptocoins. Don’t forget to subscribe to our airdrops crypto alert on twitter, facebook and reddit.