Binance launches a massive $500k crypto airdrop that anyone can get. For a chance to receive Airdrop, take your time to go through this article
What is Binance Airdrop and when does it take place?
Binance is one of the largest cryptocurrency exchanges. They just announced an airdrop campaign related to the launch of the brand new Web 3 wallet. Through this airdrop program, the company is giving new app users $500k worth of cryptocurrency.
The airdrop program will run from December 5 to 31, 2023. Users can participate by exchanging a small amount of tokens on the new Binance Web 3 wallet.
The winners of the airdrop program will have the opportunity to receive Bitcoin along with several other cryptocurrencies.
Eligibility criteria to participate in the airdrop
To participate in the Binance airdrop, users need to meet three important criteria. However, there is no need to worry about not meeting these requirements. Because they can be completed easily at any convenient time.
Registered users on Binance: Individuals need to be registered users on the Binance cryptocurrency exchange. This involves completing a registration process, which typically requires providing personal information and going through an identity verification process.
KYC verified identity: Users need to verify their identity through the KYC process conducted by Binance. This includes providing government-issued documents such as a passport or driving license along with proof of address and other additional information.
Binance Web3 Wallet: Users need to own a Binance Web3 wallet to participate in the airdrop. This wallet is easily accessible through the Binance app. Allows users to participate in the airdrop campaign without difficulty.
Steps to qualify for Binance Airdrop
In this section, we will skip the registration part. If you don't have a Binance wallet yet, make sure you download the Binance mobile app first (register for a Binance account here). Then, complete the above criteria and follow the steps below:
Note: The airdrop will run from December 5 to 31, 2023. Therefore, users need to complete these steps within the specified time period.
Access the Binance Web3 wallet
Accessing the Binance Web 3 wallet can sometimes be confusing for users. No need to download a separate app; it can be accessed directly in the Binance app.
To find the Binance Web 3 wallet, open the Binance app and scroll to the top, where you will see a newly added section labeled 'Web3'. Just click on Web 3 and you will have access to the Binance Web 3 wallet.
Binance Web 3 Wallet | Screenshot via Binance App
Transfer funds to Binance Web3 wallet
To start the swap process, you need to transfer funds from your base wallet to your new Web3 wallet.
To make a transfer, navigate to the Web3 dashboard and select the 'Transfer' button. This will take you to a section where you can convert any coins you own across various networks. You should transfer some BNB coins over the BNB smart chain network.
Fund transfer instructions | Screenshot via Binance App
Use 'Swap Feature' to swap some tokens
Once you have transferred funds from the base wallet to the Web 3 wallet, it is now time to begin the token exchange process in the Web 3 wallet.
To do this, go to the Web3 dashboard, find the exchange section and select the currency you want to exchange for another.
Note: You can perform the exchange process with any coin.
Once you complete these steps, you will be eligible to receive the airdrop.
Token Swap Guide | Screenshot via Binance App
Tips to maximize your chances of winning the Binance airdrop
While Binance has guidance on using the swap feature to qualify for the airdrop, exploring these tips can help you increase your chances of receiving the airdrop.
Increased trading activity: A single swap may not be enough due to the high number of participants. Standing out becomes important to have a chance at receiving the airdrop.
Using the Binance app: In addition to the swap feature of the new Web 3 wallet, the Binance app also offers additional functions such as Earn, Farm and Pool. Exploring these features will enhance your eligibility.
Interact with multiple dApps: Active participation in multiple Binance-affiliated dApps is necessary to benefit. This participation may include using their services, completing certain tasks, or interacting with their smart contracts. #BinanceTournament #airdropclaim
