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How to get free crypto from an airdrop

No doubt, in the crypto space, some of the most-hyped events are airdrops. However, we will discuss how to get free crypto from this airdrop.

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How to get free crypto from an airdrop

No doubt, in the crypto space, some of the most-hyped events are airdrops. However, we will discuss how to get free crypto from this airdrop. An airdrop is an event in which a cryptocurrency developer issues free coins or tokens to a user base, sometimes as a result of a hard fork and sometimes as part of a promotion or other change in network design.

The key for most investors is becoming aware of the airdrop phenomenon before it takes place. If you find out too late, you’ve missed out on your chance for free tokens or coins.

Fortunately, a recent report provides cryptocurrency investors with tools to gain more advanced notice about these special promotions and giveaways.

What are airdrops?

Many crypto companies distribute free coins to their communities to increase their project’s visibility, increase the circulating supply and stimulate trade. These free distributions are commonly known as airdrops.

They will reward you with tokens for completing simple social media tasks (Joining their Telegram group, reposting on Twitter, etc.). This offering creates a win-win scenario because the company gets free marketing, and you get free crypto. Other airdrops will reward you for simply holding a specific coin without the expectation of any reciprocal consideration.

How to get a free crypto token from an airdrop

There are a few good ways to get your free tokens through airdrops. The first is to hold major coins like Bitcoin or Ethereum and keep notice of when new coins fork or tokens are going to holders of major coins.

Keeping track of hard forks of coins can be just as daunting as airdrops, but essentially they are the same thing. I use CoinMarketCal.com to keep abreast of upcoming forks (and also general crypto events).

The other way to check cryptocurrency airdrops is to use a popular airdrop listing site. There are a few sites out there that do a pretty decent job of listing all the upcoming airdrops and what you have to do to get them. Some are simple and straightforward, while other coins make you download a special wallet or the like. No matter what site you use, always remember to never give away your private key and never “send money to get money”.

You will almost always need an ERC-20 wallet (I use MetaMask), to store your tokens though. Each airdrop is a little different and there is no real “standard” way of doing it. Here are 5 sites where you can keep track of upcoming cryptocurrency airdrops.

  1. AirdropAlert; This was the first site I started using and it is still one of the best in my opinion. Super clean interface and lots of information on upcoming airdrops and associated information.
  2. Airdrops.io is Another great interface with a good amount of information. I like how they break the airdrops down into different categories like “Twitter Airdrops”.
  3. ICODrops.comThey has a great interface as well that is clean and clearly shows which airdrops are sponsored ones.
  4. Airdrops.live simple listing that has fewer airdrops on it, but a unique feature where users can upvote or downvote the listings.
  5. CoinAirdrops

Popular Airdrops

The following cryptocurrencies were initially distributed for free:

• Byteball
• Stellar Lumens
• ARDR
• NEM

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