Cryptocurrency Airdrop is a great way to get acquainted with the Project and get some free Tokens. For over a year now Cryptocurrency Airdrops have been quite popular, many people have gained diverse Airdrop Tokens, this blog is about the best exchanges to trade your Tokens.
ICO’s often illustrate their roadmap in a creative way, but is very useful to use as a reference point in selling the tokens from their Airdrop, essentially allowing the ICO to show their true worth.
Once you have decided to sell your Airdrop tokens, it is time to select an Exchange. To find where the tokens are traded, you can use coinmarketcap.com.
As of June 20th according to coinmarketcap, Binance offers their customers to trade over 357 different crypto markets. Not is Binance only a large Exchange, it is also user-friendly in managing your assets and performing the trades. There is a limit in daily trading volume as usual, which can be increased by performing a KYC.
A few examples of Airdrop tokens that are currently traded on Binance:
BRD Token, Waves & Aelf
Another advantage of using Binance is that some Airdrops are automatically supported. For example, holders of EOS who keep their EOS on their Binance account will automatically be eligible for IQ, DAC & EON Airdrops! (source; Accessed June 20th 2018)
Don’t have a Binance Account yet? Make one here and make sure to enable 2-Factor Authentication!
Another user-friendly cryptocurrency exchange, KuCoin, is known to list trading pairs of tokens manufactured by quality ICO’s. If one of your Airdrop Token is listed on KuCoin, it is a good idea to hold them.
Oyster did an Airdrop some time ago with AirdropAlert where PRL tokens were distributed. PRL tokens are traded on KuCoin and holders of PRL tokens were given SHL tokens (another Airdrop by Oyster, but new application). If you held PRL tokens on KuCoin, you’ve gotten SHL tokens automatically! Including other reasons, this explains why KuCoin is popular among Airdrop Hunters.
Make sure to enable 2-Factor Authentication, if you do not have an account at KuCoin yet, make one here!
Supporting over 240 cryptocurrency trading pairs, Huobi is definitely one of the exchanges where you will be able to trade your Airdrop tokens first. Huobi is a Chinese cryptocurrency, tokens based on the Neo blockchain (Nep-5 Tokens) are therefore more likely to be listed on Huobi first. Huobi is based in Beijing, China and is founded in 2013, Huobi targets their audience whom are based in China.
Most locals in China know what a Bitcoin is and have heard of the blockchain technology. Airdrops are referred to as ”candies”, it is very probable that tokens from Chinese/Asian ICO’s are listed on Huobi, which is why Huobi is selected as one of the feasible Cryptocurrency Exchanges to trade your Airdrop Tokens.
Compared to the previously mentioned cryptocurrency exchanges, EtherDelta distinguishes itself by representing a decentralized trading platform for Ether and tokens based on the Ethereum blockchain (ERC-20). This means that no single server or person owns the exchange or its service. Using EtherDelta is done by submiting your private key and allowing you to place orders directly from your wallet. Downside of this is that there are phishing websites imitating EtherDelta, you don’t want to give them your private key!
Since most Airdrops are essentially Tokens based on the Ethereum blockchain, EtherDelta is an excellent choice to sell your tokens.
The correct link to EtherDelta is https://etherdelta.com
Blockchain entrepreneur since 2013 and founder of AirdropAlert.com. “Crypto has changed my life and I’m here to share my knowledge, experience and enthusiasm with you.”
Favorite cryptocurrency: Ethereum, Stellar & Litecoin
Favorite Airdrops: OmiseGo, BlitzPredict & AELF