Are Crypto Giveaways Legal?

A crypto giveaway follows the same rules as any other prize draw, with extra questions about the prize.

• Free entry. Nobody should pay for a chance to win. Where an action involves money, offer a free alternative. See our No Purchase Necessary guide.
• The prize. Some tokens may be treated as securities or financial products in some places, which can bring extra rules. We can't tell you how yours is classified, so get advice before you launch.
• Honest wording. Don't promise returns or imply the prize will go up in value.
• Eligible countries. Use Allowed Locations on the Pre-Entry tab to exclude places where you can't run it.
• Age. Switch on Minimum Age if you need to.

Gleam has a Crypto Wallet Address action to collect ETH, BTC and other addresses, and we generate Terms & Conditions for every Competition. The Crypto Giveaway template is a good starting point.

Platforms also restrict crypto promotion. Read how to promote a contest for restricted items before you advertise it.

This isn't legal advice.