By AlHalalCrypto Academy - Master cryptocurrency trading from account setup to advanced spot trading. Learn the free aspects of crypto including airdrops.
A lot of youth are out there that they are passionate to know more about cryptocurrency business most especially the free aspect of crypto which is crypto AIRDROPING.
Some think it's extremely difficult, some even think you will need like 1 million before starting crypto. This inspired me to share my knowledge on how you can be a successful airdropper.
You will also learn how to trade on Binance starting from account setup to buying and selling of coins and tokens.
After registration, verify your account and perform facial verification.
Documents needed: National ID, Voters card, International passport, Driver License
You can also verify with your BVN number - 100% safe!
Do verification during the day for facial recognition.
After verification, switch from Binance Lite to Pro to enjoy full features. Click on the yellow toggle to turn Lite off.
Analogy: Just like you need dollars to spend abroad, in crypto you need USDT - it's the dollar of the crypto world. USDT is a stable coin, and it's advisable to buy USDT first before using it to buy any coin you want.
Warning: Buying unstable coins like Bitcoin directly with Naira is risky because their value may rise or fall before you receive them, and vendors might cheat you.
P2P (Peer to Peer) - One of the easiest and safest ways of buying coins. It means buying directly from someone.
If you don't have time to look for vendors:
Funding wallet is same as P2P wallet. After buying USDT from P2P, transfer it to Spot wallet.
Go to Wallet
Click on P2P/Funding
Click Transfer button
Select USDT and click Max, then Confirm
This process is free with no underlying charges.
You're now a coin holder.
The current USDT value of the coin you sold will be in your wallet.
Warning: Watch out for scammers offering ridiculous prices. If someone offers N618 when legit prices are N1600+, it's likely a scam.
There are 4 trade tools on Binance:
Buy/sell at current market price. Manual trading - you monitor and close the trade yourself.
Example: Buy $DOGE at $0.40, wait for $0.50, then manually sell.
Analogy: Like sitting in your shop, manually selling apples when the price is right.
Disadvantage: You must manually monitor the market.
Set automatic sell price. When coin reaches your target, it sells automatically.
Example: Buy at $0.40, set limit at $0.50 - sells automatically when price hits $0.50.
Analogy: Put a N100 price tag on apples - they sell automatically when market reaches N100.
Disadvantage: Does NOT prevent loss if price dips.
Automatically sells to prevent further loss when price falls.
Example: Buy at $0.40, set stop loss at $0.39 to prevent deeper losses.
Analogy: If apple price drops to N45, sell to avoid losing more.
Disadvantage: Does NOT automatically take profits.
Combines Limit AND Stop Limit. First one to trigger closes the trade.
Example: Buy at $0.40, set sell at $0.50 AND stop loss at $0.38.
Best for: Safest way to trade - targets profit while preventing capital loss.
You can cancel and adjust as price moves!
Ready to test what you've learned about crypto trading?
By AlHalalCrypto Academy
A giveaway that aims to promote a particular blockchain. It also rewards loyal customers to ensure they continue to subscribe to a particular blockchain platform.
Startup companies announce airdrops to bring attention to their main coin - another form of advertising.
Airdrops temporarily inflate value. Setting criteria to hold one coin to receive another works for both parties.
Usually, there's a certain time period you must hold the base cryptocurrency.
Q&A format about the coin project
Related to Google Form
Bot programmed to get info about coin project
Initial Coin Offerings
Promax airdrop with more stress, takes longer
Testing network airdrops
Twitter/Discord airdrops
Developer records wallets holding airdrops to reward them
You need a relevant virtual currency wallet (BTC or ETH) to participate in airdrops.
Trust Wallet is the official crypto wallet of Binance - #1 wallet needed in airdrop space. It allows you to receive coins from different chains.
If you lose your secret phrase, you lose your coins! Keep it in a safe place.
You need SOL wallet for airdrops coming from Solana Airdrop.
1. Search Phantom Wallet on Play Store
2. Download and launch the app
3. Create new wallet
4. Backup your phrase
Mobile browsers with extension support: Kiwi Browser, Yandex Browser, Mises
1. Search Phantom Extension
2. Click Add to Chrome
3. Create new wallet and backup phrase
Running Google Form airdrops
Running Telegram bot airdrops
How to get OG on Discord
Running Testnets (3 videos)
Account setup for Interact
Setting up Zealy with examples
Galxe account setup
Complete airdrop task guide
Visit our YouTube channel for more tutorials:
After getting your airdrop token, wait for the team to list it for sale on a crypto exchange.
If listed on Binance or similar CEX, follow the "How to Sell Coin" steps from the Trading section.
Use Uniswap - a decentralized exchange built on Ethereum. Supports Polygon, Optimism, Arbitrum. Once you know Uniswap, other DEXs are easy!
Ready to test what you've learned about airdrops?
Father of Airdrop
A retroactive airdrop happens when an existing protocol releases a native token. It rewards a project's early adopters and those who contributed to its initial growth.
Because retroactive airdrops involve projects that are already up and running, they are more valuable than ordinary airdrops.
Distributed 400 UNI to 12,619 accounts. The 400 UNI was valued at ~$1,000 then, with all-time high worth around $20,000!
Other major airdrops: Optimism, dYdX, ENS, and many more.
Limited distribution creates demand. Only a few people have them, driving up value.
Loyal early users who believe in the company can reap benefits when value rises.
Can attract users from other projects due to better designs, usability, or portfolio diversification.
'Retroactive farming' culture - if you detect a DeFi protocol early, there's high chance of rewards.
Gas fees, platform fees, and price slippage must be paid. If they don't release tokens, you lose the funds used to interact.
Some projects in beta phase can be full of bugs. You could end up waiting for an airdrop that isn't going to happen.
Scammers use this method to lure investors. Always run background checks and research before spending money.
From past airdrops, users can enjoy massive returns for just investing resources in the right platform at the right time.
However, they are not free since you need to spend time and fees on platforms, and there's no guarantee of airdrops.
Retroactive airdrops are worth it. There will be more in the future - be on the lookout!
There is no definitive figure as each retroactive airdrop depends on the platform doing it.
Profits can start from $1,000+ depending on a project's offerings.
Crypto Educator & Airdrop Specialist
Passionate about helping youth understand and succeed in the cryptocurrency world. This comprehensive guide is designed to take you from absolute beginner to confident crypto trader and airdropper. The mission is simple: share knowledge that can change lives, making crypto accessible to everyone regardless of their starting capital.
"A lot of youth are out there passionate to know more about cryptocurrency business. This inspired me to share my knowledge on how you can be successful in crypto -starting with zero capital."
You now know how to buy and sell crypto and convert your profit to cash. Start trading and hunting airdrops today!