Grow Your Money

Lesson 3: How to Claim Free Cryptocurrency

collecting-free-cryptos-on-trustwallet

Let’s make some free money. I want to show you how you can start collecting free cryptos. How much you collect will be up to you. I bet you can collect free crypto coins worth tens of millions of dollars.

But realistically, let me make it easier for you, maybe you can collect $10,000 worth of free coins in a few weeks or months. There are many coins being launched. You can’t buy them all.

In fact, many of them will fail. Some were even designed to fail – as scam to defraud investors of their money. So, it’s not all safe. That’s the more reason you shouldn’t dole out money to buy every coin that’s released these days. If you want to know more about scam free cryptos to buy, READ THIS ONE.

I want to show you how you can get these free crypto coins every time they are available. I hope you have your second trustwallet account dedicated for Airdrops. It’s always important you have a separate wallet just for collecting free crypto coins.

How Free Cryptos Works

If you are new in Crypto you might have been doubting these free crypto coins when you hear of them. You remember the old saying, nothing good comes easily. Well, I can modify it for you, anything cheap comes easily.

When companies start their Crypto coins they would need to get people to start buying it. That usually doesn’t always happen. People who buy cryptos do due diligence before they buy.

They want to know how many others have bought the coin, how many social followers they have, how trendy is the coin before they buy. Even the exchanges don’t list new coins until they have met some requirements which also includes certain number of address holders.

Crypto companies know these things too. So, at the initial stage they want to get as many people to get their coins. And it’s easier to give away free coins than advertising for people to buy.

Crypto Lessons Table of Content

Before we continue, if you missed any of the lessons go back and go through it first. Here is the table of content to help you navigate through the entire course from any part of this lesson.

INTRODUCTION – Learn Cryptocurrency Investment
Lesson 1: How Cryptocurrency Investment Work
Lesson 2: How to Setup Token Wallet Address
Lesson 3: How to Claim Free Cryptocurrency
Lesson 4: How to Trade Cryptocurrency
Lesson 5: How to Pick Cryptocurrencies to Buy
Lesson 6 How to Farm Cryptocurrency
Lesson 7: How to Sell Cryptocurrency

So, this lesson and the other lessons will focus on teaching you WHAT TO DO. So much theory will be overlooked and the focus would be on practical.

Process Of Collecting Free Crypto Coins

The process is very simple. Hope you created the second trustwallet account as I told you. If you didn’t, create one now before you continue.

Step 1: Buy BNB Smart Chain Coin

You need some BNB smart chain coin. I suggest you buy at least $10. If your funds cant get that much, just buy like $5. Although, most sellers won’t sell that low. Unless they already have it on trustwallet to sell to you. But you need BNB coin in your free coins trustwallet account.

NOTE: The reason for this coin is to enable you pay for network fees. When you claim free crypto coins, it passes through the network, and network charges apply. It’s from this coin you will pay for network fees when claiming free cryptos. Networks fees for airdrops like this is usually cheap. Some are like $0.36 or less or sometimes more. But usually below $0.50.

Step 2: Start To Collect Coins

Once you have your bnb smart chain coin in your trustwallet it’s time to start collecting free cryptos. The process is very simple. Free crypto offers will provide you with the web link from where you can claim the crypto coins.

Note: This kind of free crypto is different from those Telegram Airdrops that requires you to do certain tasks

and now wait for a date for the airdrop to be sent to your wallet. Most times you don’t even get those telegram airdrops. Most of them don’t fulfill their promises.

But this method of collecting free crypto coins works instantly. You get the coin deposited into your wallet once you follow the process I’m going to outline for you below.

Step 3: What You Need to Start

Let me outline what you would need to get this process now started. I will also provide you with an example you can do now and collect some free crypto coins. You will need the following:

A. Website link from the crypto company with the claim offer.
B. Information to help you add the new Crypto details into your wallet
C. Knowledge of how to add custom crypto wallet address on Trustwallet
D. And your Trustwallet account

Step 4: Creating A Custom Crypto Wallet Address

Before you start creating a new custom coin, do a search to be sure it has not been added already on Trustwallet. Here’s the steps to follow to setup new coins that are not already setup on trustwallet.

In your trustwallet you have at the top of your wallet, above the account balance, five things to note.The first one from the left hand corner is

A bell image
Followed by tokens
Then finance
And collectibles
Before a unique sign

That unique sign opens to where all the coins are hidden from view. And if you scroll to the end downwards, you will see ADD CUSTOM TOKEN. This is where you get to setup the new tokens.

Select ADD CUSTOM TOKEN. and a new form box will open. You will need the following to fill the form and submit it to create a coin profile on trustwallet.

A. Network – you need to select the Network of the coin. By default it shows Ethereum. Click and select the actual network for the coin. In this case, it’s Smart Chain. So select smart chain.

B. Contract address or CA for short. Every coin has a contract address. That’s what makes it different from another coin. And that’s why if you send a coin it will get to the address anywhere it’s located on the internet because of the contract address.

C. Name – every coin has a name to differentiate it from others. You enter the name of the coin you want to setup.

SYMBOL – Coins are also given symbols like Naira sign or NGN that’s used for Naira for easy recognition.

Decimal – It’s a number that’s usually 0, 9, 8, 6,18 or any number. But each coin has its own decimal. You don’t just put any number you want. Find the decimal for the particular coin and add it there.

CKICK DONE – at the top of your screen. Your new coin will be setup now. Note that some new coins may already have its profile image displayed, while some don’t at the beginning stage but will have later.

Step 5: Claim The Free Crypto Coins

If you have the website link for the free coins, copy it, open “DApp” on your trustwallet. DApp is a web browser on your Trustwallet. Once you open, paste the web link for the coin you copied earlier and press enter. It will open the website with instructions on how to claim the free crypto coins.

Note: make sure the coin you want to claim is already setup or exist in your Trustwallet account.

Step 6: Pay Network Fee

The final step in collecting free crypto coins is paying the network fee to transfer the coins to your wallet. Note that the network icon at the top of your wallet.

Click on it to select Smart Chain. Fees goes to the platform you are using to collect the free coins. They are small fees. Once you accept to pay the fees, the coins will be deposited into your wallet.

Conclusion

Follow the examples below to setup any token wallet address that doesn’t already exist on Trustwallet. Please do what is specified in this lesson step by step. If you don’t follow it you won’t understand what to do and you will be asking unnecessary questions.

Here’s details for creating token wallet address:

A. Copy the contract address and paste it in your Trustwallet token search, and click on the Add Custom Token to create the wallet address for that token using the parameters provided for each different token. See the example below.
B. Change network to Smart Chain
C. Enter this contract address:
0x7ea2b25c1a558c6f9b4649358183152b0WRONGCA
D. Name is CRYPTO
E. SYMBOL is CRYPTO
F. DECIMAL IS 8

Note: Click DONE to setup coin. Make sure it’s not already in your Trustwallet before setting Up custom coin. If you still have unanswered questions? Let me know in the comments.

Chinedu David
Chinedu David is a business consultant with experience in oil & gas, hospitality, IT & telecom, consumer products, business strategy, marketing and distribution. He was the telecom editor for SuccessDigest for over a decade. And founded Mystore, one of the indigenous online marketplace in 2013. Drop a comment below and he will respond to your query. He can also be reached via email: nedu@myblog.com.ng or Call/Text/WhatsApp: 07087770518
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1 Comment
  • MyBlog Nov 13,2021 at 2:43 pm

    […] Investment Lesson 1: How Cryptocurrency Investment Work Lesson 2: How to Setup Token Wallet Address Lesson 3: How to Claim Free Cryptocurrency Lesson 4: How to Trade Cryptocurrency Lesson 5: How to Pick Cryptocurrencies to Buy Lesson 6 How to […]

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