What are airdrops and can I receive them on my hosted wallet?

Airdrops are a common used term and it means nothing other than a giveaway of free digital currency. Even though it is free to get it, there is often a different compensation to get these airdrops. The compensation can be a number of different things such as:

  1. Data; you have to give your personal data for example.
  2. Name recognition; you have to share information on social media for example.
  3. Adoption; you do not have to do anything, but the more people that have the currency, the faster others will accept it.
Can I receive airdrops on my hosted wallet?

Because airdrops are often new digital currency with little information known about them, it is not possible for Bitvavo to give the same security and service that you are used to with other digital currency. This is the reason why Bitvavo does not support aidrops and you are not able to receive them on your hosted wallet.

Recommendation

If you would like to receive airdrops, it is best to do so on your own wallet or other external wallet.


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