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Author Topic: Are airdrops safe?  (Read 9423 times)
justinjja (OP)
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July 26, 2019, 05:29:30 PM
 #1

The way they usually work is they give you some string and you sign it to prove you own the address.

Could a malicious air drop make a transaction sending all your BTC to them, and then you sign it, and then they broadcast it to the network?
Or is signing a message different than signing a transaction?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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July 26, 2019, 05:35:01 PM
 #2

The way they usually work is they give you some string and you sign it to prove you own the address.

Could a malicious air drop make a transaction sending all your BTC to them, and then you sign it, and then they broadcast it to the network?
Or is signing a message different than signing a transaction?

It has been a while since I have joined an airdrop. From my experience, none of them has asked me to sign anything. Airdrops are supposed to be free and you do not need to send anything to them. Anyone asking you to send first are scams.
justinjja (OP)
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July 26, 2019, 05:39:38 PM
 #3

Any airdrop that doesn't go to all BTC holders would needs something from you.
Bitcoin Rhodium and Mimble Wimble Coin are a couple that I know of.
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July 26, 2019, 05:46:00 PM
 #4

I don't think all airdrops are safe. There are few legit airdrop but it's very difficult to recover your gas fee for make transaction. There is few scammer who would ask you sign a message with their code, if you do that then you might lose your fund. Because by their code they are asking for fund, if you sign it fund would go to their address. So be careful about free airdrops.

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July 26, 2019, 05:54:17 PM
 #5

Airdrops are safe; but you need to keep yourself secure
Do not disclose your private key to anyone
Do not give out your personal informations either

Always dyor
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July 26, 2019, 05:56:16 PM
 #6

I try not to participate in airdrop in which something is asked to sign, if I do not fully understand what exactly needs to be done and is it safe for me. It is generally not safe to carry out these manipulations, fraudsters are not asleep.
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July 26, 2019, 05:57:18 PM
 #7

The way they usually work is they give you some string and you sign it to prove you own the address.

Could a malicious air drop make a transaction sending all your BTC to them, and then you sign it, and then they broadcast it to the network?
Or is signing a message different than signing a transaction?
As long as they don't ask you to give away your private keys or install anything (infected), you will be safe. There is no way they can access your wallet by making you sign a message. Also, some airdrops might ask you to submit KYC documents. Avoid those at all cost. High chances they will end up selling your information online.

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terencio
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July 26, 2019, 06:09:41 PM
 #8

This kind of airdrop is malicious, when you sign up for airdrop that  is should be free, nothing wrong with free token, but be careful with the data that you provided and don't simply give your private key.

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July 26, 2019, 06:10:25 PM
 #9

Sending airdrop to your address may not create or permit anyone to steal your coins, moreover, airdrops are mostly sent in to Ethereum wallets not Bitcoin.
Just be extremely careful when trying to sign messages or make transactions .
Besides airdrops are worthless, they are mostly equivalent to few cents or dollars to the tokens or coins. So why take the risk just because you want to claim some tokens.
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July 26, 2019, 06:15:36 PM
 #10

I have paused participating in airdrops for a while. Because I end up receiving shit coins which never get listed. Some would even make it a form of contest and ask you to purchase their tokens to earn more points

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July 26, 2019, 06:25:27 PM
 #11

somehow airdrop is an event that is simple, easy, free and safe. if they have done a strange and suspicious new thing you don't need to join him because there are still many other projects
Handsome Boy
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July 26, 2019, 07:11:58 PM
 #12

The way they usually work is they give you some string and you sign it to prove you own the address.

Could a malicious air drop make a transaction sending all your BTC to them, and then you sign it, and then they broadcast it to the network?
Or is signing a message different than signing a transaction?

as long as I follow Airdrop, I think everything is safe and very easy to participate in Airdrop, because the team usually only tells you to follow Twitter and Facebook and then share and retweet the posts that are made, after that you will fill in the form, that is address of wallet to receive airdrop and proof if you have done the requirements that have been requested, so participating in airdrop is not possible to make your Bitcoin lost and can be transferred to them.
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July 26, 2019, 07:15:26 PM
 #13

I have participated in some bounties as well as airdrops that tells you to deposit some money into a specific wallet before you can receive your money. That is a scam and anytime you see something like that, just exit scam.

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July 26, 2019, 07:21:27 PM
 #14

The way they usually work is they give you some string and you sign it to prove you own the address.

Could a malicious air drop make a transaction sending all your BTC to them, and then you sign it, and then they broadcast it to the network?
Or is signing a message different than signing a transaction?

Have stopped airdrop for a very long time, but signing in can not make your btc vulnerable but when you are asked to provide private key then its suspicious, also make sure you don't sign in through a phishingsite

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July 26, 2019, 07:35:46 PM
 #15

Sometimes I participate in airdrop, which are provided by trusted bounty managers in this forum. The maximum that needs to be done is to retweet, repost, join the telegram group. Nowhere was it necessary to provide a signature or, especially, a private key or to install software.
Rarely at the airdrop spread more than $20 equivalent. It’s definitely not worth risking to provide any data (including a signature).

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July 26, 2019, 07:39:19 PM
 #16

I have participated in various airdrops from my experience Airdrop is a free coin or token just by doing light duty, like and share on their social media and fill out the form, if airdrop is from an exchange, you must register on their stock and do a Kyc if needed. but if you are asked to give a private key or deposit BTC, ETH then do not do it is clearly fraud.

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July 26, 2019, 07:43:57 PM
 #17

I don't think all airdrops are safe. There are few legit airdrop but it's very difficult to recover your gas fee for make transaction.

Definitely not all Airdrops are safe and also kindly stay as far away as you can from Airdrops that required you to sign or verify a message, most of them (99%) are scams. Legitimate Airdrop especially does that don't require any social media task (like following or liking of Facebook page, Twitter handles, sharing or retweets etc) are usually safe. Some examples are receiving free coins due to forks or for just holding a particular coin in your wallet etc. Scammers are exploring new ways to scam victims and the use of free services that attract participants in their numbers like Airdrops have been their most target.

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July 26, 2019, 07:48:35 PM
 #18

The way they usually work is they give you some string and you sign it to prove you own the address.

Could a malicious air drop make a transaction sending all your BTC to them, and then you sign it, and then they broadcast it to the network?
Or is signing a message different than signing a transaction?
There could be a malicious airdrop and when you see such airdrop as  a forum member anywhere, you should know that. Asking for private keys or giving you a link to sign up with could be an attempt to take control over your funds. For now, I haven't seen or see.any airdrop that actually worth holding at the moment.

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July 26, 2019, 07:49:48 PM
 #19

The way they usually work is they give you some string and you sign it to prove you own the address.

Could a malicious air drop make a transaction sending all your BTC to them, and then you sign it, and then they broadcast it to the network?
Or is signing a message different than signing a transaction?


Don't fall prey to any link asking you sign a transaction or providing you with a form asking you for your password, 2FA, or private keys, such forms are only going to be used to steal your coins and tokens.

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July 26, 2019, 07:58:44 PM
 #20

Most airdrops are safe if you know how to protect yourself. Make sure you don't install unverified files or install them on a virtual machine first or on a computer that doesn't store your passwords and your keys.

Airdrop scammers can't steal from you if you don't give them anything. Make a new email every time and don't leak your private info.
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