How Do I Claim and Sell Registered Airdrops?

Recommendation for Registered Airdrops

Registered airdrops require you to opt-in to get coins through whatever method the project is using. It is advised to take a active approach and spend the time and effort to research what it is that the project is asking you to do. We are unable to make recommendations for actions since the specifics of each project are different.

If the registration process involves importing a key that holds BTC into their software, this is very bad and inadvisable. It puts your keys and associated holdings at risk of being stolen.

If the registration process requires creating a signature pointing a new private/public key pair or some online login account that will subsequently allow you to receive the new coin, that is a much better security design on the part of the project's developers and you can treat the new address with the appropriate security practices in isolation from your Bitcoin private keys.

As a very basic baseline, we recommend using platforms such as TAILS and Ubuntu for handling your private keys to help with privacy and security. For creating signed messages wihich is often required , our guide for using Electrum software that is included by default with the official TAILS release is covered in one of our guides.

Handling Issued Coins

If the issued coins are assigned to your Bitcoin (BTC) private key which still hold BTC, ensure this BTC is moved off the keys and stored safely elsewhere before attempting to access the airdropped coin value. This is in order to ensure the value is safe should anything bad happen. If your private key is leaked to a 3rd party, this could forfeit ownership of future airdrops, promotions and types of value that have yet to be invented yet. We recommend keeping your private key safe even after emptying it of any value as it could hold new value at some point in the future and you may need to use it again.

If the coins are credited to different private keys created specifically for this new coin and assuming you take the necessary normal precautions for security and privacy, using the software wallet from the project can be reasonably safe.

Selling Registered Airdrops

Like with the Bitcoin forks we track, we keep track of the exchanges that trade the current and past set of registered airdrops that we are aware of. They can be found in our directory. In most circumstances, using one of these exchanges is your best option. Also, if you wish to sell without KYC, that is an attribute we track with every exchange.

The only other possible option for selling at the moment is to find an OTC broker. Some with good reputations exist but this still requires a degree of trust as is the case with any exchange.