Bitcoin airdrop scam can Hoax you of your Cryptocurrency assets!

An airdrop is an act of dropping supplies, troops or equipment through aircraft using a parachute. In the virtual space, an airdrop refers to giving out free cryptocurrency to users as a marketing strategy. An airdrop is used to get the buzz going in the community for a new offering in the market. Airdrops are used mostly to increase the user activity for that offering and attract potential investors and enthusiasts. Airdrops are a method for marketing but also have been used to scam the general populace!

Airdrops are an easy and convenient way to make the people interested in the new offerings. People are offered free cryptocurrency to drive up the interest and increase the support value for the project.


Bitcoin airdrop scams are used to lure users, who look out for free coins. These people are then scammed in different ways. The bitcoin airdrop is advertised using social media profiles, telegram chats and user group chats. The targeted users are then asked to perform a variety of task to be eligible for the bitcoin airdrops. These activities include sharing media posts on their social accounts, entering into discussions on forums or getting more acquaintances to join in. If the user is not wary then, he/she may end up getting scammed by groups, sites or block chain operators who create phony websites that look like the original or create a fork in the block chain for an alternative named cryptocurrency.

Users get excited about it and end up sharing their personal wallet details for the same. The users are asked by the group to register their basic info such as name, email address, wallet ID to share the airdrop if they are chosen as a potential beneficiary. In the registration form, a script is embedded that track and monitors user activity. The user is then asked to share the upcoming airdrop on social media to get more people to join in the campaign.

A requirement of these airdrop events is that a user should have a minimum wallet balance for a period of time to be used as a measuring stick for the amount of free coins transferred. The higher the balance, the more are the chances of getting an airdrop freebie.

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