There is no doubt that during the past two years, Airdrops have been one of the best ways to earn free profits in the cryptocurrency market. The opportunity to receive coins from a new project just because you used it is truly amazing and provides good opportunities, especially for beginners in the market to make a profit they can start with.
But with the spread of Airdrop distributions, fraudulent schemes have also emerged from scam Airdrops.
The mistake with one of these scam Airdrops will not only cost you time, but it may also cost you everything you own due to a hacking incident.
In this article, we will delve into these details and how to avoid such fake Airdrops.
What are fake Airdrops?
There are many types of scams in Airdrops, the most common of which is called phishing.
For example, you may receive an email with the name of a currently popular Airdrop project, congratulating you on qualifying for their Airdrop, and that you should visit the project’s website to receive your coins from a specific link.
When you visit the site, you will find a page similar to the real project page with all the details, which may deceive you into linking your wallet.
But at the moment you link your wallet, you will discover that there is no Airdrop, and you will close the site.
But at the same time, hackers were able to breach your wallet, and in seconds they managed to withdraw all your coins to their personal wallets.
This type of fraud can also be found on Twitter, from tweets by fake accounts that take the name of a real project and publish a tweet as if the coin has been launched, with a malicious Airdrop link. When you fall victim, the same thing happens to you.
This type of scam relies on two important factors:
First: Studying the market well, as hackers choose projects that are trending to deceive you into thinking the tweet or email is genuine.
Second: Studying the victim and using any data about you such as email, phone number, or Twitter account.
How do you avoid fake Airdrops?
To avoid these scams, you must follow these steps:
Always verify the Airdrop site:
All cryptocurrency projects publish the official link to obtain the Airdrop on their official accounts. Therefore, to ensure that the site is genuine, you should go to their social media pages to verify. Additionally, you should confirm from more than one source, for example from their Twitter account and then check their community on Discord or Telegram. This way, you ensure that you are using the real site and not a fake one.Do not link your wallet directly:
Always check the features of the site you are using. Sometimes, linking your wallet to see your share of the Airdrop is not mandatory. So, if you visit a site and find insistence on linking your wallet just to see how much you will get from the Airdrop, it might be a fake Airdrop.Do not open unknown emails:
If your email has been leaked in previous databases, you are susceptible to many fake emails. Therefore, first verify the sender, and know that usually there are no projects that communicate with you via email to get an Airdrop, because you are supposed to be dealing with decentralized blockchain projects that do not use email. Therefore, it is impossible for them to contact you if you didn’t give them your email in one way or another.Do not rush to get the Airdrop:
As a precaution, if you see an Airdrop announcement, do not rush to get it if you have any doubts. Most Airdrops are open for several months. So, if you see an Airdrop announcement, wait a bit before visiting the site, and follow the comments on Twitter to know whether the Airdrop is fake or not.Look for guaranteed Airdrop opportunities:
In the end, the best place to participate in guaranteed Airdrops is through Binance Wallet. Through Binance Alpha, Binance distributes many Airdrops to the community weekly based on a clear metric, which is Alpha points. The higher your points, the more Airdrops you can receive from Binance.
What’s special about Binance Airdrops is that Binance verifies the project itself, and the coins are automatically credited to your account in the Alpha page, without having to visit any sites or expose yourself to danger.