DeBox Airdrop is defined as the distribution of DeBox tokens to users on the DeBox platform. This airdrop is usually denoted as ‘BOX’ and it is a decentralized finance (DeFi) project, that offers users a free sample of the cryptocurrency to encourage engagement and adoption of the platform. The function of this airdrop is to generate awareness and potentially captivate new users to their platform.
How to Buy DeBox Airdrop
Here we are explaining a step-by-step tutorial on how to buy DeBox Airdrop on Binance. You can also consider buying from Coinmarketcap.com or through a decentralized exchange that supports the blockchain where the DeBox resides.
Step 1: Download a Trust Wallet Wallet
You can choose any of the crypto wallets from within the Ethereum network and Trust Wallet.
- For mobile users: Download the wallet through Google Play or the iOS App Store.
- For desktop users: Download Google Chrome and the official extension from the Trust Wallet’s website.
Step 2: Set up a Trust Wallet
Register and set up the crypto wallet through the wallet’s Google Chrome extension otherwise through the mobile app. Ensure that your seed phase is safe and take note of the wallet address which is needed in steps 4 and 6.
Step 3: Buy ETH as base currency
Login to the Binance account and go to the Binance Crypto webpage to buy the ETH.
Step 4: Send ETH from Binance to crypto wallet
After buying ETH, navigate to the Binance wallet section and look for the ETH purchased. Tap on the withdraw option and fill in the appropriate information. Then you have to set the network to Ethereum, then enter the wallet address received in step 2 and the amount wish to transfer. After clicking the withdraw button, the ETH will appear in the Trust Wallet.
Step 5: Choose a decentralized exchange (DEX)
Several DEX options are there. Just make sure the wallet you selected in step 2 is supported by the exchange.
Step 6: Connect your wallet
Connect your Trust Wallet wallet to the DEX, and use the wallet address from step 2.
Step 7: Trade ETH with the coin needed to receive
Select ETH as the payment and also DeBox as the coin needed to receive.
Conclusion
DeBox is an all-in-one social platform that focuses on providing a permissionless connection between communities, decentralized organizations, and users. This decentralized platform on the Ethereum blockchain intends to simplify asset management, yield farming, and liquidity provision for users. The article has imparted a brief knowledge about DeBox. Hope the article was useful.
FAQs
A: Binance supports diverse payment methods such as credit cards, bank transfers, debit cards, and third-party services such as Google Pay or Apple Pay.
A: Yes, you can buy DeBox instantly on Binance using a Credit or Debit card.
