What Are Crypto Airdrops & How Can You Get Them?

If you’re familiar with the crypto space, you must have heard of crypto airdrops and how everyone is excited about them. That’s because crypto airdrops allow people to earn free crypto from a project. They can then hold the tokens as a store of value or trade them for potential profits.

Before chasing the next airdrop in your community, let’s explain what a crypto airdrop is, and the different ways to get one.

What is a Crypto Airdrop?

A crypto airdrop is a free distribution of crypto tokens by a blockchain project. Usually, these businesses use airdrops as part of their marketing strategies to create awareness among crypto enthusiasts.

In most cases, crypto airdrops come from new blockchain-related projects looking to grow a community to hype their works. In other cases, existing crypto projects use crypto airdrops to incentivize dedicated customers for their support.

You can either store the tokens in a crypto wallet like the Zypto DeFi Wallet or trade them on a crypto exchange for potential profits.

Types of Crypto Airdrops

There are different crypto airdrop models that companies operate with. We highlight the common ones below:

Standard Airdrops

As the name suggests, a standard airdrop is the most common. It offers a free and simple way for people to collect airdrops. Usually, they only need to create an account on the airdrop platform, and the allocated coins will be disbursed on a first-come, first-serve basis.

Bounty Airdrops

Some projects reward users with bounties after they’ve completed certain tasks. Usually, these tasks are related to promoting the project through referrals and social media posts.

Raffle Airdrops

When there are many eligible users for an airdrop, some companies use a raffle system to randomly select winners. That means the system is based on luck and airdrop collections aren’t guaranteed.

Platforms to Get the Latest Crypto Airdrops

While crypto airdrops seem to be happening every other day, you’ll miss out on them if you don’t know where to look. Here are some platforms where airdrops are announced:

X (Formerly Twitter)

Twitter is one of the top platforms on which many crypto projects market themselves. When you enter the “Crypto Twitter” community, you’ll find influencers and companies with airdrop updates. However, do due diligence to avoid crypto airdrop scams.

The Telegram messaging platform has various crypto groups and channels with airdrop information.

Discord

Many crypto projects list their airdrops in different Discord servers. All you have to do is find Discord servers tagged with airdrop and comb through the options for the ones you like.

Crypto News Platforms

Crypto news sites that CoinGecko and Cointelegraph feature airdrop news and communities players can be a part of.

How to Get Crypto Airdrops

Once you have the details of the airdrop you want to participate in, you must meet the following criteria to receive free crypto.

Set up Your Crypto Wallet

Get a crypto wallet like the Zypto Wallet and ensure it’s compatible with the token to be shared.

Complete the Required Tasks

Check for the airdrop tasks and complete them in due time to qualify for free coins. You can take your checks a bit further by researching the project properly.

Claim Your Free Coins

Confirm the airdrop completion date and claim your tokens when due. Additional verification may be required, so have everything you need available.

Store Your Airdrop Tokens

You can manage your airdrop tokens using the same Zypto Wallet used when starting out. That way, you can send and receive crypto directly with the tool.

Conclusion

Crypto airdrops are an easy avenue to get free crypto from projects. We’ve highlighted some platforms to find the latest airdrops in this guide. However, remain cautious and research properly before participating in airdrop farming.

Manage Your Airdrop Tokens Securely With Zypto

Whether you participated in an ERC-20 airdrop or won decentralized finance (DeFi) coins, you can store and manage them securely using the Zypto DeFi Wallet. The wallet also integrates into exchanges, allowing you to trade in one place.

*** Receiving airdrops can put your wallet and funds at risk. Read our articles on how to keep your cryptocurrencies and wallet safe in our articles here and here. Zypto Token do not currently offer airdrops. Always check on the official Zypto Token Community Telegram group if you see Zypto Token airdrops being offered.

Have you ever participated and won free tokens from crypto airdrops? What was your experience like? Share with us in the comments below.

FAQs

Should I participate in airdrops?

You can participate in crypto airdrops you like. However, research the project to avoid being scammed. Also make sure you’re not at a fake website or social media group. Check, check, check.