What are crypto AirDrops?

When new blockchain and cryptocurrency projects start, they often give away their coins or tokens to their community members for free. These token giveaways are called crypto airdrops, and they are an effective marketing strategy for blockchain startups.

 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. Examples of these "holder airdrops" are Byteball, Stellar, and OmiseGo.

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.

Another very common type of crypto airdrops require users to complete a few simple social media task. These projects use an airdrop as a viral marketing.

 Lastly, we have the candy giveaway —  the Chinese synonym for airdrop.

Many cryptocurrency airdrops have a referral system in place, which allows you to earn more tokens. 

How to earn free cryptocurrencies from home?

Blockchain and cryptocurrencies bring new possibilities with them. You can now easily earn crypto from home by collecting airdrops & bounties. However, it's not the only way to make money from the comfort of your couch.

We've covered blogs to teach you how to earn cryptocurrency from home, whether it's with airdrops, retrodrops, testnets etc. And of course, we have several activities on our website. Have a look around, and start earning!

What are NFTs?

Non-fungible tokens (NFTs) are unique and non-interchangeable tokens that represent real or virtual assets on the blockchain. NFTs can be anything from digital collectibles to artwork as well as tokenized memes and small audio/video clips. NFTs built on Ethereum follow different token standards from fungible tokens, namely ERC-721 and ERC-1155. 

Since 2021, we see a rise of NFT airdrops that you can collect for free.

What are NFT Airdrops?

This is the process of getting NFTs in your wallet when a platform decides to deposit cryptos for free. Airdrops are a great way for promoting newly minted NFTs and their associated platforms. It increases the token’s visibility and incentivizes the onboarding of new users. Do2Cash routinely updates its users about the latest NFT Airdrops. 

What is DeFi?

Decentralized Finance (DeFi) refers to the entire gamut of processes and transactions of financial products on the blockchain. This open-source, peer-to-peer transaction system rules out the necessity of any centralized intermediaries like banks. It leverages something called Smart Contracts, which are computer programs, to run their operations without much human intervention.   

And ofcourse, there are also DeFi airdrops to be found on Do2Cash.

What are Decentralized Exchanges (DEXs)?

Decentralized Exchanges are built for the transaction and trading of cryptocurrencies between the parties involved without any central intermediaries. DEX solves the issues that Centralized Exchanges suffer from. DEX offers more security for its assets as well as reduces the risk of transaction history manipulation. Since data is stored immutably on a distributed ledger instead of a centralized server, users remain better protected.

What are Centralized Exchanges (CEXs)?

Centralized cryptocurrency exchanges are online platforms used to buy and sell cryptocurrencies. They are the most common means investors use to buy and sell cryptocurrency holdings. For most digital currency investors, the centralized cryptocurrency exchange is one of the most important vehicles for transacting.

What is KYC?

KYC is a requirement you’ll encounter on almost all centralized crypto exchanges. That said, it is still possible for customers to purchase crypto without going through a crypto KYC process. However, these methods are far more complicated and much riskier.

Why do some airdrops require KYC?

Blockchain and crypto projects are concerned about upcoming regulations for cryptocurrencies, even the airdropped coins. Therefore, we see a rise in airdrops and bounties that require passing KYC.

Where do I sell my airdropped coins?

Many coins that do giveaways are not yet listed on any crypto exchange. In such a case, you can check out our exchange page to see where you can best sell your crypto airdrops and bounties. Or you can check out DeFi exchanges like Uniswap or PancakeSwap, to offer your tokens for sale to other users.

We suggest you make an account at all exchanges we listed so you can easily sell and receive your crypto coins.

But here’s a fun thing that may prevent you from selling your airdropped tokens: many projects, such as NEM, DECRED, XRP, that did airdrops are today among the top 40 coins. So, you don't need to immediately sell your free crypto as there is nothing wrong with being a HODLer.

How do I keep my cryptocurrencies safe?

1. Use a secure platform

When choosing a digital wallet, use a secure and reputable platform. Do some research to ensure that the platform has a good reputation and has security measures to protect users’ private keys.

A bit of research can go a long way in ensuring the security of your digital wallet. By only dealing with good actors in the space, you can minimize your risk.

2. Use a strong password

When creating your account, use a strong password that can’t be easily guessed by someone else. Avoid common words like “password” or your date of birth. Instead, use a combination of letters, numbers, and special characters.

You can use a password generator like LastPass to create a strong, unique password for your account.

3. Use a hardware wallet to store your private keys offline

One of the most secure ways to store your private keys is on a hardware wallet. Hardware wallets are physical devices that allow you to store your private keys offline. This means that even if your computer is hacked, your private keys will be safe.

Two reputable hardware wallets are the Ledger Nano S and the Trezor.

4. Enable two-factor authentication

If a platform offers two-factor authentication, be sure to enable it. This adds an extra layer of security to your account by requiring you to enter a code from your phone or another device in addition to your password.

While not foolproof, two-factor authentication can go a long way in protecting your account from being hacked.

5. Keep your software up to date

Keep your digital wallet software up to date with the latest security patches. By doing this, you’ll be able to protect yourself against any new security vulnerabilities discovered.

6. Make use of multiple crypto wallets

You don’t have to rely on just one digital wallet. In fact, it’s often a good idea to use multiple wallets. This way, if one wallet is compromised, your other assets will still be safe.

7. Avoid public Wifi

When accessing your digital wallet, avoid doing so from public Wifi. This could be a hot spot for hackers looking to steal people’s private keys. Here we prepared for you a guide on how to use public WiFi safely, so don’t forget to check it too.

Better yet, always use a good VPN for crypto wallets. This will encrypt your traffic and make it much harder for hackers to steal your private keys. We recommend using ClearVPN service for it’s high connection speed and security. Download ClearVPN app for you device here.

8. Don’t share your private keys

It goes without saying that you need to keep your private keys safe and secure. Avoid sharing them with anyone other than a family with whom you’ll entrust your estate in the event something happens to you.

9. Backup your digital wallet

Be sure to back up your digital wallet in case you lose access to your account or device. This will ensure that you don’t lose your funds if something happens to your device.

Come up with a schedule for backing up your digital wallet and stick to it. That way, you’ll always have a recent backup to fall back on.

10. Keep your recovery phrase safe

If you’re using a software wallet, you’ll be given a recovery phrase when you set it up. This is a string of words that can be used to regain access to your account if you forget your password. Keep this phrase safe and secure in a location only you have access to.

What is MetaMask?

MetaMask is the most famous crypto wallet in the web3 space. The objective of its creators back in 2016 was to make ether (ETH) transactions simple and as intuitive as possible. The project grew much more than that and is today one of the biggest web3 companies.

It was created for Ethereum tokens, but now you can use it to store tokens across an extensive range of networks. These include Ethereum, Polygon, BNB Chain, Avalanche, Fantom, Celo, Optimism, and Arbitrum.

How to install and use MetaMask?

Step 1: Install MetaMask

1.1. Visit the official MetaMask website: https://metamask.io/

1.2. Click on the "Download" button and choose the version for your browser (e.g., Chrome, Firefox).

1.3. Install the MetaMask extension by following the instructions for your browser.

Step 2: Create an Account

2.1. After installation, open MetaMask and select "Create a Wallet" to set up a new wallet.

2.2. Create a secure password for your wallet and save the recovery phrase in a safe place. This is crucial for the security of your account.

Step 3: Fund Your Balance

3.1. Go to the "Deposit" or "Add Funds" tab in MetaMask.

3.2. Choose a method to fund your balance, such as using a credit card or a cryptocurrency exchange.

Step 4: Conduct Transactions

4.1. Visit the website or platform where you want to perform your cryptocurrency activities.

4.2. When selecting a payment method, choose MetaMask and confirm the transaction in your wallet.

Step 5: Use DApps

5.1. MetaMask enables you to interact with decentralized applications (DApps). Visit DApps websites and engage with them through your wallet.

Step 6: Security and Updates

6.1. Regularly update your MetaMask extension to access the latest features and security improvements.

6.2. Never share your passwords or recovery phrase with third parties.

By following this guide, you can safely use MetaMask for various cryptocurrency operations and interact with DApps.

How to interact with activities published on our platform?

1. Log In:

   - Log in to our platform using your credentials.

2. Navigate to Activities:

   - Locate the “Activities” section on our platform where activities are published.
3. Browse Published Activities:

   - Browse through the list of published activities to find the one you are interested in.

4. Read Activity Details:

   - Click on the specific activity to view its details. This might include a description, date, time, location, and any other relevant information.
5. Participate or RSVP:

   - Follow the provided instructions to participate in the activity. This could involve clicking an RSVP button, registering, or taking any other specified action.

6. Communicate with Organizers:

   - If you encounter any problems feel free to ask in our socials.

7. Stay Updated:

   - Check for updates or notifications related to the activity. We often send updates or reminders leading up to the event.

8. Share on Social Media (if desired):

   - Share your participation or experience with your network.

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