Best Crypto Giveaways in 2024

With the increasing adoption of cryptocurrencies, the best crypto giveaways in 2024 promise enticing rewards and incentives to improve profits. These giveaways can be in the form of free tokens, special NFTs (non-fungible tokens) or access to exclusive features.

The idea behind crypto giveaways is for projects to attract attention and funding, as well as reach a wider audience and foster community engagement. Keep reading to learn more about the best crypto giveaways and how to protect yourself from fraud and scams.

1. Binance – Best Crypto Giveaway in February With a Generous Referral Program

Binance is the largest crypto exchange in terms of spot and derivatives trading volume, which often exceeds $50 billion in 24 hours. Active Binance users as well as newcomers often get to enjoy various crypto giveaways, either by meeting a certain spot trading volume, such as $200, or by doing select tasks.

For example, one active giveaway is called the Red Packet Giveaway. The goal is to refer friends and earn USDT rewards. Press a button to open a red packet and claim a random reward of up to $3 USDT. With each friend you refer, you get to open an additional packet and climb the ladder. The top 10 referrers will earn $50 USDT each.

With Binance being one of the best crypto exchanges in terms of available cryptocurrencies, deposit and withdrawal methods, low trading fees, and a whole list of additional features, even if you don’t get to participate in a crypto giveaway, it could be worth having a Binance account as a crypto onramp.

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2. MEXC – Multiple Giveaways Ideal for Futures Traders and Airdrop Farmers

MEXC is a popular crypto exchange for futures traders, offering a 0.01% maker fee and 0.05% taker fee on futures trading. There are over 2,000 cryptocurrencies to choose from, which gives you an unparalleled opportunity to find the right trade.

All this ties nicely with futures trading-related giveaways that MEXC often hosts. Earn USDT based on your futures trading volume each day. For example, you can earn up to $56 each week for meeting the volume trading requirements. These come at around $80,000 volume daily, which you can easily reach with a $1,000 trade and 8x leverage. As you climb the ladder, you can earn up to $3,000 for reaching first place in MEXC’s ranking.

Moreover, holders of MEXC’s token MX can earn constant airdrops of new token launches. To participate in this crypto giveaway, you need to buy at least 1,000 MX tokens, hold them for a select period – often 30 days – and select “Quick Commit” to participate in a new token airdrop.

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3. Kucoin – Multiple Giveaways to Reward Traders of Newly-Listed Tokens

Kucoin is a popular crypto exchange with over 30 million users across 200 countries. There are over 700 tokens and coins to trade, and new coins are frequently listed. To celebrate the new coin additions, Kucoin often hosts giveaways to reward traders who reach a certain trading volume of the new tokens.

There are several ongoing giveaways, as of this writing. For instance, a new token was listed, called Amulet (AMU), and there are two ways to reward traders: those who have the highest AMU/USDT trading volume will share $30,000 in USDT rewards, and those who open a Kucoin account during the promotional period and trade $100 worth of AMU/USDT will earn $4 worth of AMU.

A similar crypto giveaway goes for another token called AOFverse (AFG) with the same rules as the AMU token. There are frequent giveaways on Kucoin and you have to follow the announcements or sign up for their email to get notifications on time.

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4. OKX – Leading Web3 Giveaways in NFT Form and Token Airdrops

OKX is one of the top five crypto exchanges in terms of derivatives trading volume in 24 hours. You can buy crypto with low spot trading fees, use trading bots or copy other traders. One aspect where OKX shines compared to other exchanges is its focus on Web3 and NFT trading.

Because of that, OKX frequently hosts various NFT giveaways and token airdrops. For example, you can now win one of the 10 BRC-420 Infinity Gate NFTs or win one of the 150 whitelist spots. There’s also $5,000 worth of Yuliverse NFTs for grabs. All you need to do is have an OKX account and join the event. Read the event details for any additional requirements.

In addition to NFT giveaways, there are many token airdrops, such as 300 million SEI airdrop, 300 million BLUR, 300 million ALT, 50 million MANTA tokens and more. There are at least three new giveaways each week.

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5. Bybit – Popular Trading Platform With Various Token Giveaways

Bybit is a popular crypto futures trading exchange with over 1,000 cryptocurrencies to trade and up to 100x leverage. However, spot traders aren’t neglected; Spot trading comes with fees starting from 0.1%, rivaling even the largest crypto exchanges.

Those who use all of Bybit’s features, including copy trading and trading bots can participate in Bybit’s giveaways. For example, one giveaway rewards copy traders who use $100 USDT coverage, meaning Bybit will reimburse you if you lose up to $100 USDT during the copy trading process.

Additionally, there are other giveaways, such as the ZetaChain launchpool project where you get to earn a share of the 1,7 million ZETA tokens when you stake ZETA and USDT. There are many more ongoing giveaways on Bybit worth checking out.

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6. Gate.io – Earn Crypto Giveaways Based on Completing Tasks

Gate.io is another popular crypto exchange with over 14 million registered users and more than 1,700 cryptocurrencies to choose from. Similar to other large exchanges, Gate.io offers a plethora of features like spot and futures trading on margin, using copy trading or trading bots.

As far as giveaways are concerned, Gate.io rewards users based on completing their tasks in addition to the standard giveaways that some of the leading exchanges offer. Completing tasks rewards you in points, which you can redeem for USDT. For example, make a p2p trade worth $100 and earn 20 points, 10 points for copying your first trade and 10 points for copying a strategy from the bots.

Other giveaways include free NFT drops, such as the Sobajaswap NFT worth $11 as of this writing, or participating in red packet opening and collecting lucky cards to share from the $100,000 worth of rewards.

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7. CEX.io – Weekly Giveaways That Reward you in BTC, USDT, SHIB and Other Tokens

CEX.io is a crypto platform where you can buy cryptocurrencies, stake them or trade your coins even by automating them by using an API. Moreover, CEX.io is one of the exchanges that host multiple giveaways, consistently rewarding its users.

Some of the active giveaways and promotions include trading on the CEX.io Exchange Plus platform to earn a share of a $40,000 USDT prize pool; Verify your profile to earn a random reward from 10,000 SHIB to 0.01 BTC; Make your first trade on Exchange Plus and claim a mystery box, on top of that, there’s up to $200 USDT bonus for making your first trade.

Some of the previous giveaways included a $50 USDC reward when you bought Stellar tokens, up to $5,000 worth in BTC for trading on Exchange Plus, a $500 USDT giveaway for Exchange Plus traders and more.

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8. Crypto.com – Multiple Giveaways for Active Trading and Staking Select Coins

Crypto.com is a popular crypto exchange where you can buy over 250 cryptocurrencies, trusted by more than 80 million users globally. There are many perks you can get with Crypto.com, such as cashback cards, DeFi wallet and more. But you also get to participate in various giveaways and earn cryptocurrencies as a reward.

One of the active giveaway campaigns is staking INJ and MATIC to earn from a reward pool of $20,000 worth of BTC; Deposit CRO coins to earn TIA with a 10x booster; Trading eligible tokens on the Cronos blockchain to earn a share from a $15,000 worth of CRO rewards. You need to be a Crypto.com user to participate in these giveaways.

Previous crypto giveaways rewarded active traders of TIA, SEI, VET, PYR and WLD cryptocurrencies, there was an additional 3% APY on select coins with Crypto Earn, a trading competition for DOGE and WIF coins and more.

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9. HTX – Multiple Giveaways For Trading Newly-Listed Tokens and A Space Flight Giveaway

HTX is one of the oldest crypto exchanges that’s been offering its services since 2013. It comes with all the bells and whistles – Trade spot crypto and futures, use trading bots and copy trading, stake your coins and more.

Trading, however, is the main way to participate in crypto giveaways. One active giveaway with a prize pool of $15,000 USDT worth of AITECH tokens. To participate, simply trade the token and based on your trading volume, you will earn the reward. Another giveaway is the HTX Mars program where participants can win a $6 million space flight ticket, 6 million HTX tokens and access to Justin Sun’s private jet. To participate, you need to link your TRON address to the event page and receive an NFT. Then, complete tasks within a certain period. Each month one winner will be drawn for the grand prize and be shortlisted as a space passenger candidate.

The tasks for the HTX Mars giveaway include signup with the HTX exchange and completing KYC, trading on spot, trading the HTX token, margin trading, making new deposits and more.

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10. Bitget – Trusted Crypto Exchange Offering Welcome Pack of $1000 USDT

Bitget is a crypto exchange focused on futures trading where it frequently has over $10 billion in trading volume. It offers anything you can get with other exchanges, including spot and futures trading, trading bots, API to automate your trades, web3 wallet for NFTs and DeFi and more.

As far as crypto giveaways go, Bitget rewards its users for completing daily tasks. This way you earn points, which you can convert to USDT. There are several ways to earn points, including turning a fortune wheel and inviting friends but completing tasks is the most straightforward way to earn these points. You need to pass KYC, make a deposit, make a trade, and do similar tasks that you are likely to do anyway.

From time to time, Bitget hosts trading challenges where the prize pool can go as high as $100,000 USDT. There could be additional requirements, such as trading a select cryptocurrency and meeting a certain volume threshold. Based on your performance and how high you rank, you get rewarded.

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How do Crypto Giveaways Work?

Crypto giveaways typically work by offering participants the chance to receive free cryptocurrency tokens, coins or NFTs through various promotional activities. These activities can be opening an account with a crypto exchange, depositing a certain amount, trading a certain amount on the spot market or the futures market, staking select coins and more. Completing the activities gives you entry into the giveaway.

Once you complete the task, typically there is a draw where all participants share from a prize pool. Sometimes, this is merit-based – for example, whether you reached a top ten position in the task – sometimes it’s random, or sometimes all participants earn a reward.

It’s rare to find free crypto giveaways in the sense that you don’t have to do anything. Those that are free giveaways, typically have a minimal reward or incentivize you to start completing tasks or referring friends to increase the rewards. It’s important to exercise caution and verify the legitimacy of giveaways to avoid potential scams or fraudulent activities, which are growing rampant as crypto adoption increases.

How to Enter a Crypto Giveaway

Entering a crypto giveaway is straightforward. We’ll take a look at how to participate in Binance’s Red Packet Giveaway as it doesn’t have any requirements aside from opening an account. Participating in other crypto giveaways may differ depending on the task required.

Step 1: Open a Binance Account

Visit Binance and open an account by clicking “Register” at the top of the navigation menu. Select “Sign Up With Email or Phone” and fill out the form.

You may be required to complete a KYC verification, so ensure you have a valid ID document near you.

Step 2: Claim your Red Packet Reward

Visit the Binance Pay section (under “More” in the navigation menu) and select the Red Packet option. Press the “Claim” button.

You can earn up to $3 USDT with one packet. Earn more packets by inviting friends and family.

Crypto Giveaway Scams

Unfortunately, crypto giveaway scams are everywhere in the cryptocurrency space. You’ll find them as ads on social media, especially Twitter, in your email, and definitely on Discord if you’re active in any crypto-related channels.

These scams target individuals who want to get free cryptocurrencies or NFT drops, exploiting the desire for quick profits, especially after a recent cryptocurrency has skyrocketed. There are several types of crypto scams, including:

• Impersonation. Impersonating well-known individuals or projects, such as prominent cryptocurrency influencers or reputable blockchain platforms to give credibility to the scam. You’ll notice it by using a misspelled name or using a weird website name, for example, “jlto” instead of “jito”.
• Fake project. Fake projects often claim to give you free NFT or token airdrop. All you have to do is visit the website – typically advertised on Twitter – connect your wallet and sign a transaction. Instead of receiving your airdrop, you will find your wallet drained. Because of that, it’s important to have a burner wallet that you use to connect to shady sites and keep your real assets in a separate wallet. If the drop is legit and you can sell it, great, move the reward you earned to another wallet. But if it’s a fake website that drains your wallet, you won’t lose much.
• Hacks. This has happened many times and it’s likely to happen again. For example, Vitalik Buterin’s Twitter account got hacked and the hacker shared a malicious link that drained close to $700,000 from the victims. Similar things have happened with the Ledger hack where a former Ledger employee had their account hacked and the hackers managed to enter a malicious code on Connect Kit, which is used to connect the hardware wallet to DeFi apps.

It’s crucial that you remain vigilant and never share your wallet seed phrase with anyone, which sometimes could be a “requirement” from these fake and scam crypto giveaways.

Recent Biggest Crypto Giveaway Scam

Elon Musk is no doubt one of the most influential people on crypto Twitter. His tweets can move markets as we’ve seen Dogecoin move 4% after Musk tweeted about it. Because of that, many crypto giveaway scams try to leverage his name and his companies to scam unsuspecting victims.

One version of such a scam is a fake SpaceX YouTube video stream where Elon Musk talks with someone or holds a speech and on the screen there’s a QR code that says you will earn two BTC or ETH back if you send one on the provided address. Of course, you won’t get anything back if you send your coins.

Similar videos ran in the past with Elon Mush and Cathie Wood where they talk about Tesla in a completely legit video overlaid with a scam QR code. Don’t fall for it, no one will give you a full Bitcoin or Ethereum coin for nothing.

Another Elon crypto giveaway scam is a SpaceX token presale. There is no such thing as a legitimate SpaceX crypto token as of this writing. These tokens are scams. If you buy the fake tokens in a presale, you can only hope that at some point you can sell them and recover some of your investment.

How to Tell If a Crypto Giveaway is a Scam?

The easiest way to tell if a crypto giveaway is a scam is to use the old “if it’s too good to be true it probably is”. No one will give you free money in crypto for nothing. Even people who got massive token airdrops like the recent JITO airdrop on Solana where some users got over $20,000 worth of tokens, didn’t get them for free – they earned their way there for the past couple of years by using the Jito protocol and staking their SOL coins there.

The second warning sign is a typo. If the project or the token name is misspelled, it’s almost guaranteed that it’s a scam. Typically they will use popular names from the crypto industry, whether it be influencers or projects to pass as legitimate.

Finally, no legitimate project will ask you to send cryptocurrencies to get more cryptocurrencies in return. If you see a YouTube livestream with Elon Musk or popular crypto influencers where they ask you to send one Bitcoin to get two back, run. Or better yet – report the channel to YouTube.

What to do if You Spot a Crypto Giveaway Scam

This largely depends on what kind of crypto giveaway scam it is. If it’s a video stream, simply close the video and you’re safe. If the scam requires of you to visit a website, connect your wallet and sign a transaction, there’s only one thing you could do – use a burner wallet.

Keep your assets in separate wallets. And never connect to any site, especially if you’re not familiar with it. Burner wallets are hot wallets with just enough funds in them to cover the transaction costs. If you sign a transaction at a scam website, they won’t have anything to steal from you. But if you sign a transaction where you hold your assets, you can lose everything within seconds.

Crypto Giveaways Rating Methodology

We compared multiple crypto giveaways to find the best. Here’s how we evaluated each giveaway:

• Project legitimacy. All of our crypto giveaways are from large well-established crypto exchanges. This instantly passes the scam filter.
• Value. Our next evaluation metric was the value you get from the giveaways. Of course, crypto exchanges offer constant giveaways and the value could differ. But overall, you know how much you can earn when you participate in the giveaway.
• How easy it is to earn. Some giveaways require either high trading volume or provide unreasonable expectations that you earn a top three spot in a trading competition. The giveaways we covered are typically easy to get and require that you open an account and often stake a certain cryptocurrency to earn the reward.
• Transparency. Another criterion we employed was transparency. This means you know what’s expected of you and how much you can earn in the giveaway, without hidden costs and requirements.

Crypto Giveaways: Bottom Line

As the cryptocurrency ecosystem continues to evolve, the best crypto giveaways serve as a quick reward but also as a community-building tool and for your education, especially if trading crypto is a requirement to earn a specific giveaway reward.

However, make sure to do your due diligence and be aware of scams. If the reward is too good to be true, it probably is.

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FAQs

Is there a way to get free crypto?

Yes, if you participate in a giveaway, you can earn free crypto. However, if there are no requirements, such as that you open an account with a centralized exchange, then it could be a scam and you should double-check whether the giveaway is legit.

Are Crypto Giveaways Legal?

This largely depends on the country you reside in. Make sure to consult with an expert to avoid any issues.

Is Elon Musk giving Bitcoins for free?

No, Elon Musk has never given Bitcoin for free. If you see this, it’s likely a scam.

How to get free Bitcoin?

There’s no way to get free Bitcoin in a crypto giveaway. Typically, you have to complete a task, like opening an account with a crypto exchange and meeting certain requirements.