Airdrops

[Snmacgill]

A lot of airdrops ask for your ERC20 compatible wallet address. I have trust wallet. Do I send my ERC20 wallet address or my regular ETH address?

[Bitcoin_Arena]

Ether address should be Okay. All ERC20 tokens are supported by the Ether address because the tokens are based on the ethereum blockchain anyway.

[CryptopreneurBrainboss]

When participating in ERC20 related airdrop it's best advisable to use wallet address you have control over your private key which in most cases myetherwallet is the best choice since it's easily accessible but since you use trust wallet you have to follow their instructions, if they have specific address for receiving Tokens which aren't ETH that's ERC-20 token then use the appropriate address. Some service providers try to separate receiving ETH and ERC20 tokens since not all ERC20 token have default settings on their platform

Although you shouldn't waste your time on airdrop, gone are the days you can get some decent amount of cash out of airdrops especially ERC20 related ones. Now it's just leaving off past glory.

[Lomfxvi]

A lot of airdrops ask for your ERC20 compatible wallet address. I have trust wallet. Do I send my ERC20 wallet address or my regular ETH address?

ERC20 is ethereum wallet, you can resive ethereum on erc20 wallet, but all ethereum wallet isnot compatible for tokens. i can recomended for you some erc20 wallets for airdrop - for example : Metamask, Eidoo, myetherwallet.

[Snmacgill]

Ok thanks a lot. I just found out about them so I already did everything else so I just added the ETH Address. So hopefully that works. And we’ll see.

[Bitcoin_Arena]

ERC20 is ethereum wallet.

Wrong

ERC20 is a protocol standard that defines certain rules and standards for issuing tokens on Ethereum’s network.
In ‘ERC20’, ERC stands for Ethereum Request For Comments and 20 stands for a unique ID number to distinguish this standard from others.
Similar to the fact that we have an HTTP protocol for internet, we have a standard protocol for tokens to be issued on Ethereum i.e. ERC20.

To put it in layman terms, if you include certain functions in the token’s smart contract, you are ERC20 compliant. If you don’t include the mandatory functions, you are not ERC20.
https://coinsutra.com/what-is-erc20-token/

you can resive ethereum on erc20 wallet, but all ethereum wallet isnot compatible for tokens.

They are not ERC20 wallets. They are called Ethereum wallets or Ether addresses. ERC20 tokens just happen to be compatible with the Ether addresses because the tokens are built on the ethereum network.
So all Ethereum wallets and Addresses can receive and send ERC20 tokens.

[okala]

Ether address should be Okay. All ERC20 tokens are supported by the Ether address because the tokens are based on the ethereum blockchain anyway.

Sending your ETH wallet may result into you losing your tokens because it depends on the ethereuem wallet you are using, if you are using blockchain wallet and you send the ETH wallet address to receive erc20 token it will not go through. Better to download myether wallet and take you erc20 address from there.

[Crypto Girl]

Ok thanks a lot. I just found out about them so I already did everything else so I just added the ETH Address. So hopefully that works. And we’ll see.

Definitely it will work but don't hope it will have decent value. Airdops now are useless as their token and apparently you're wasting your time signing up for them and if you're being unfortunate you will encounter some airdrops that require you to send your private key while you don't have any idea what's going on, so be wary upon filling out.

if you are using blockchain wallet and you send the ETH wallet address to receive erc20 token it will not go through.

How come it won't?

[joniboini]

Sending your ETH wallet may result into you losing your tokens because it depends on the ethereuem wallet you are using, if you are using blockchain wallet and you send the ETH wallet address to receive erc20 token it will not go through. Better to download myether wallet and take you erc20 address from there.

The OP already made it clear that he uses Trust Wallet. Hmm.

A lot of airdrops ask for your ERC20 compatible wallet address. I have trust wallet. Do I send my ERC20 wallet address or my regular ETH address?

if you are using blockchain wallet and you send the ETH wallet address to receive erc20 token it will not go through.

How come it won't?

He might want to point out that some exchange-based/web-wallet might not support showing your ERC tokens on your balance. But that's easy to solve as you can export your private key and import it to another wallet, except if you use exchange wallet ofc.

[Ipwich]

A lot of airdrops ask for your ERC20 compatible wallet address. I have trust wallet. Do I send my ERC20 wallet address or my regular ETH address?

Just used https://www.myetherwallet.com/, they support ERC20 tokens, I don't have idea with trust wallet but just in case your want to make sure it's compatible, MEW is the answer.

But airdrop? I don't think it's still profitable, correct me if I'm wrong.

[Pmalek]

Ok thanks a lot. I just found out about them so I already did everything else so I just added the ETH Address. So hopefully that works. And we’ll see.

I don't know where you are from but is $5 a lot of money where you live? If it is just pocket change for you it wouldn't make much sense taking part in Airdrops.

For two reasons.
1. For you to actually receive the airdrop the project has to go through a successful ICO and funding stage. - In many cases they fail, so you get nothing.
2. Even if you get a few tokens you have to wait for the project to list on a decent exchange, or sell it on dex like EtherDelta, well below their value. Even after they list usually a huge dump occurs so even if you get a few $ worth of tokens, their market value will drop 70-90% if you don't sell them in the first day of listing.

It is not really worth your time.

[harizen]

1. For you to actually receive the airdrop the project has to go through a successful ICO and funding stage. - In many cases they fail, so you get nothing.

Most airdrops didn't have an ICO.

They want to build a community with no funding. It was a success in the past at some of the cases but unfortunately the hype is not the same as before.

2. Even if you get a few tokens you have to wait for the project to list on a decent exchange, or sell it on dex like EtherDelta, well below their value. Even after they list usually a huge dump occurs so even if you get a few $ worth of tokens, their market value will drop 70-90% if you don't sell them in the first day of listing.

It is not really worth your time.

Also in the past, a simple giving of an ETH address won't really consumed time. And the best part, you can expect a decent return even selling on DEX. No need to wait for listing on big exchange.

Today, lots of tasks needed just to be part of airdrop and in the end not worth the effort. Yes totally a waste of time.

But OP might need experience. Let OP see how's the airdrop situation today to truly understand what we are saying here. Additional knowledge for OP in the end.

[Thirdspace]

Ok thanks a lot. I just found out about them so I already did everything else so I just added the ETH Address. So hopefully that works. And we’ll see.

yes, it should work. they support all ERC20 and ERC223 tokens listed on etherscan.io ^[1]
trust wallet is an ERC20 compatible wallet, so just use your Ethereum (ETH) address to receive ERC20 tokens
if you have more problems, I suggest to check their help center, here's a few helpful links:
Where are the addresses I can use to receive my tokens?
How do I receive tokens? Do I need to do anything to have them show up in my wallet?

[1] What tokens are supported by Trust Wallet?

[mk4]

I don't know where you are from but is $5 a lot of money where you live? If it is just pocket change for you it wouldn't make much sense taking part in Airdrops.

Tbh consider yourself lucky if you ever received anything close to worth $5. Like 99% of the time, you're going to get tokens worth next to nothing. In exchange for what? Your personal data. I don't see how that's worth it at all.

[jademaxsuy]

Ether address should be Okay. All ERC20 tokens are supported by the Ether address because the tokens are based on the ethereum blockchain anyway.

Yeah you got it mate, I just did not know why ether wallet address has not established the name of ERC20 to make things simplified. It could have been easy to understand and use but since this is how they wanted to be then so be it. ERC20 has a variety of use now in every coins in the market.

[jossiel]

Sending your ETH wallet may result into you losing your tokens because it depends on the ethereuem wallet you are using, if you are using blockchain wallet and you send the ETH wallet address to receive erc20 token it will not go through. Better to download myether wallet and take you erc20 address from there.

There's a way to extract/export those ERC20 tokens that were sent to ethereum blockchain wallet address.

https://support.blockchain.com/hc/en-us/articles/360000019826-What-if-I-sent-ERC20-tokens-to-my-Blockchain-wallet-

But you can't send those ERC20 tokens that were sent to that ethereum blockchain wallet address.

https://support.blockchain.com/hc/en-us/articles/115003653523-Can-I-send-Ethereum-based-tokens-ERC20-to-my-Blockchain-wallet-

[Pmalek]

Tbh consider yourself lucky if you ever received anything close to worth $5. Like 99% of the time, you're going to get tokens worth next to nothing. In exchange for what? Your personal data. I don't see how that's worth it at all.

It is not worth it but for those who don't care about their data and only about those $5, or even less can do it if they want to.
I don't have much experience with airdrops from the last couple of years but I don't think all of them require KYC.
So in case they don't, the details you need to share are probably just your email, ETH address + a tweet or a like. For those from poor countries it can be an easy way to earn. But it is a big IF. IF all that which I mentioned before is fulfilled.

[RapTarX]

I don't have much experience with airdrops from the last couple of years but I don't think all of them require KYC.
So in case they don't, the details you need to share are probably just your email, ETH address + a tweet or a like. For those from poor countries it can be an easy way to earn. But it is a big IF. IF all that which I mentioned before is fulfilled.

Airdrops don't require KYC, I have never seen till now. I have participated in some airdrops and all of these were scam or trash. I received 2 coins in my ETH address some months ago but they have zero value as of now.

[DdmrDdmr]

Airdrops don't require KYC, I have never seen till now. <…>

Some do. See: AIRDROPS ASKING FOR KYC VERIFICATION

In the thread they mention a couple of cases:

<…>Polymath gave out 250 tokens on airdrop for kyc (it was 1.5$ at each in that time) and eximchain gave 500$ worth of tokens for a kyc still it was because ico cancelled and was a gift for people who whitelisted. <…>

Who else here join and complete a KYC in blockchain.com for the $25 Stellar Giveaway?

And these $25 can come a long way in some countries that willing to sell their identity for $25 USD.

blockchain.com is a legit business entity but still it carries some possible risk of hacking and  leaking out millions of ID's and Passports.

The above examples are a bit exceptional, but even so, the risks of identity theft should outweigh the potential (low value) reward.

[Little Mouse]

Airdrops don't require KYC, I have never seen till now. <…>

Some do. See: AIRDROPS ASKING FOR KYC VERIFICATION

In the thread they mention a couple of cases:

<…>Polymath gave out 250 tokens on airdrop for kyc (it was 1.5$ at each in that time) and eximchain gave 500$ worth of tokens for a kyc still it was because ico cancelled and was a gift for people who whitelisted. <…>

Who else here join and complete a KYC in blockchain.com for the $25 Stellar Giveaway?

And these $25 can come a long way in some countries that willing to sell their identity for $25 USD.

blockchain.com is a legit business entity but still it carries some possible risk of hacking and  leaking out millions of ID's and Passports.

This is worst, I have seen lots of people are claiming the reward from blockchain.com with verifying their identity. I would rather die than giving my identity to anyone else, no matter how much the reward is.
The above examples are a bit exceptional, but even so, the risks of identity theft should outweigh the potential (low value) reward.