To avoid scams we have a few general rules: You can read our 6 (and a half) tips on online security here. You don't want your free crypto to be stolen! So, the alternative is to store your coins in wallets where you control your private key. However, not all cryptos are supported in hardware wallets. We would advise you to read our blog on the best cold storage wallets. There are several hardware wallets available. These wallets store your coins offline and protect them from being stolen in the event of a hack. The safest way to store your cryptocurrency is to store them in a hardware wallet.
Read our tips & tricks on how to optimize your income with referral airdrops. Many cryptocurrency airdrops have a referral system in place, which allows you to earn more tokens. Lastly, we have the candy giveaway - the Chinese synonym for airdrop. These projects use an airdrop as a viral marketing. In general, the format of these free cryptocurrencies usually looks like this - at a pre-announced time the project behind the event will take a ”snapshot” of the blockchain, and anyone holding Ether or Bitcoin at that point will receive a certain number of free tokens. Additionally, this can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.Īnother very common type of crypto airdrops require users to complete a few simple social media task. Examples of these "holder airdrops" are Byteball, Stellar, and OmiseGo. The process of receiving these airdrops may sometimes be as simple as holding Bitcoin and waiting for the free crypto to arrive in your wallet. These token giveaways are called crypto airdrops, and they are an effective marketing strategy for blockchain startups. When new blockchain and cryptocurrency projects start, they often give away their coins or tokens to their community members for free.