Question 1

Is Running a Cryptocurrency Giveaway Secure?

Accepted Answer

Yes. Our Crypto Wallet Address Action only asks for a public address, never a private key or seed phrase, and each address can only enter once by default.

Yes, as long as you only ask for what you need. Our Crypto Wallet Address Action collects a public wallet address and nothing else. It never asks for a private key or seed phrase, and it doesn't connect to anyone's wallet.

What else protects you and your entrants:

Each address can only be used once, unless you switch on Accept Duplicate Addresses
Address Type sets the format you'll accept (ETH / BEP-20, BTC, BEP-2 or Other)
On the Business Plan and above, Fraud Level and Contestant Verification tighten the checks on who enters
We hold a SOC 2 Type II report

The Crypto Wallet Address Action needs the Pro Plan and above.

Caution

Scammers copy crypto giveaways. Say in your description that you'll never DM entrants or ask for a private key, seed phrase or payment to claim a prize.

Related Questions

Question 2

How Can I Avoid Fake Entries in My Crypto Giveaway?

Accepted Answer

Turn on Contestant Verification, keep the Fraud Level at High or above, and keep duplicate wallet addresses off. Then review the Actions tab before you draw.

Question 3

Are Crypto Giveaways Legal?

Accepted Answer

Often yes, but it depends on the country and the token.