#AirdropSafetyGuide What are the risks of participating in token giveaways?

Beginner investors often see cryptocurrency giveaways as an easy way to make money. However, participating in an airdrop either requires considerable effort or involves risks. In particular, the concept of 'free coins' is often exploited by scammers.

Here are some recommendations on how to protect yourself from them:

Never share your private key or seed phrase with anyone.

Be cautious and independently verify each project you wish to participate in. Look for information about it on the internet and on trusted resources — for example, ForkLog. If there is very little information about the project, the risks increase.

Be especially careful if participation in the airdrop promises you quick and high returns.

Never provide personal information about yourself or login credentials for personal accounts.

If you are asked to transfer a small amount of coins in exchange for a promise of more in return — these are definitely scammers.

Airdrops are free distributions of cryptocurrency; you do not need to buy it.

There have been cases where scammers send a fake token to a wallet that mimics a popular coin.