Can you earn too much money on airdrops?

Induction

In order to make money online, you need to put in a lot of effort. And only by applying them you can reach a good income. But Airdrop rumors seem to break this stereotype. That's because you get cryptocurrency for free, and in addition, the price of the token can grow rapidly in the future. This inspires people to participate in such Aridrops, because they believe that it is a great way to earn money that does not require much effort. In this article, I propose you to dive into the deep end and figure out whether it is really that easy to make money on Airdrops or not, and what troubles you will have to face.

Clogging of social media accounts

It is clear that Airdrops give out tokens for a reason. To receive them, you need to subscribe to the social media of the company or project that runs this Airdrop. When you participate in many coin giveaways, you will have to subscribe to a large number of channels, pages, chats, and much more. Therefore, it is imperative to create an additional account for this purpose, which you will not mind upsetting with various junk (I don't think you will be extremely interested in reading the news of these companies). As you know, to create a social media account, you need a phone number or email address. We don't have an endless supply of them, so get everything you need to create an additional account. Sometimes it's annoying, because you need to remember all the logins and passwords, and you forgot the password to some social network, then you have to recover it, and it all takes a lot of time and effort.

You don't always get a prize!

Yes, you won't always get a prize in Aridropa, and I'll explain why. One of the reasons is the limited number of winners. The number of tokens can be distributed to a certain number of random people and you may not be on this list. Therefore, even if you subscribe to their social networks, you may not receive any rewards from them and will only waste your time.

In addition, there are many fraudulent projects that cheat in order to increase the rating or even worse, to extract money from their users.

Being scammed is also one of the possible unpleasant things that can happen to you. Some exchanges ask you to buy a certain amount of cryptocurrency from them or invest coins under Staking. However, it is not known whether this exchange will give you the money or keep it for themselves. Therefore, be very careful when investing money somewhere. It is better to ignore suspicious sites!

You risk sharing your personal data

This point applies to exchanges that hold giveaways. In order to receive tokens and withdraw them, of course, you need to go through KYC. Of course, it is not a problem to go through this procedure on Binance or something similar, but when you need to go through it on an unknown exchange, it becomes a little scary. It is not known whether it is safe to give your personal data to an unknown site. Some exchanges are honest and fair, while others may be prone to identity theft. I personally don't go through KYC on unknown exchanges because it's not worth the pennies they give me.

It is worth participating in Airdrops

I want to assure you that participation in Airdrops is worth it! Most projects are honest and they will really pay you cryptocurrency. You should never miss your chance.

No one can guarantee you that this particular project will bring you millions or something like that, but the extra money won't hurt, I'm sure.

I wish you successful earnings and all the best!