Binance Airdrop Guide: $500k Worth of Airdrop is Ready, here’s how to Claim
Key takeaways
- Binance announced an airdrop campaign, offering $500k worth of crypto, which runs from December 5 to 31, 2023.
- Eligibility for the airdrop campaign is open to everyone through a simple three-step process.
- To increase your chances, swap as many tokens as possible using the Binance Web 3 wallet.
What is Binance Airdrop, and when is it happening?
Binance, one of the biggest cryptocurrency exchanges, announced an airdrop campaign in association with the launch of its brand-new Web 3 wallet. Through this airdrop, the firm is offering $500k worth of crypto to new app users.
The airdrop program is running from December 5 to 31, 2023, and users can participate by simply swapping a small number of tokens on the new Binance Web 3 wallet.
Airdrop winners will have the opportunity to receive Bitcoin as well as several other cryptocurrencies.
Eligibility criteria to participate in the airdrop
To take part in the Binance airdrop, users must meet three essential criteria. Failing to meet these requirements isn’t a major concern, as they can be easily fulfilled at any convenient time.
1) Registered Binance User: Individuals must be registered users on the Binance cryptocurrency exchange. This involves completing the registration process, which typically requires providing personal information and undergoing identity verification.
2) Verified KYC (identity verification): Users need to have their identity verified through the KYC (Know Your Customer) process conducted by Binance. This means providing government-issued documents such as passports or driver’s licenses, along with proof of address and potentially other additional information.
3) Binance Web3 wallet: Users must have a Binance Web3 wallet to participate in the airdrop. This wallet is easily accessible via the Binance app, allowing users to participate in the airdrop campaign without difficulty.
Steps to qualify for the Binance Airdrop
In this section, we’ll skip the registration process. If you don’t have a Binance wallet yet, ensure you download the Binance mobile app first. Then, complete the aforementioned criteria and follow the steps below:
Note: The airdrop program runs from December 5 to 31, 2023. Therefore, users must complete these steps within this specified timeframe.
1) Access the Binance Web3 wallet
Accessing the Binance Web 3 wallet can sometimes confuse users. There’s no need to download a separate app; it can be directly accessed within the Binance app.
To find the Binance Web 3 wallet, open the Binance app and head to the top section, where you’ll notice a newly added segment labeled ‘Web3’. Simply click on Web 3, and you’ll gain access to the Binance Web 3 wallet.
Here’s a screenshot outlining the process:
2) Transfer Funds into the Binance Web3 wallet
To initiate the swapping process, you’ll need to transfer funds from the base wallet to the new Web3 wallet.
To execute the transfer, navigate to the Web 3 dashboard and select the ‘Transfer’ button. This will lead you to a section where you can transfer any of your owned coins across various networks. It’s recommended to transfer some BNB coins using the BNB smart chain network.
Here’s a screenshot illustrating the process:
3) Use the ‘Swap feature’ to Swap some tokens
After transferring coins from your base wallet to the Web 3 wallet, it’s time to initiate the token swap within the Web 3 wallet.
To do so, proceed to the Web3 dashboard, locate the swap section, and exchange the desired coin for another.
Note: You can execute the swap with any coin.
Upon completing these steps, you’ll qualify for the airdrop.
Here’s a screenshot illustrating the swapping process:
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Tips to maximize your chance to win the Binance airdrop
While Binance has outlined the use of the swap feature for airdrop eligibility, exploring these tips can potentially increase your chances of securing the airdrop.
- Increase transaction activity: A single swap might not be sufficient due to the high number of participants. Standing out becomes crucial for a chance to receive the airdrop.
- Utilize the Binance app: Apart from the new Web 3 wallet’s swap feature, the Binance app offers additional functionalities like Earn, Farm, and Pool. Exploring these features enhances your eligibility.
- Engage with multiple dApps: Active involvement in various Binance-associated dApps is essential to be advantageous. This involvement might include utilizing their services, completing certain tasks, or interacting with their smart contracts.
Bottom Line
Airdrops frequently raise excitement in the community, especially when they are funded by large companies such as Binance. Given Binance’s amazing community support, this airdrop is expected to be big.
The crypto exchange’s airdrop is seen as a golden opportunity, open to anyone with decent resources. With small investments, lucky individuals can potentially receive a substantial amount of crypto, ranging from 1 SHIB to 1 BTC, which is worth a significant amount of money.
However, it is crucial to exercise caution during airdrop periods due to prevalent market scams. Always make sure to access authorized links and sources.
Disclaimer: This content piece is for informational purposes only. It does not provide financial advice and individuals should conduct their own research before making any financial decision.
