Once you have decided to participate in an airdrop, the next question most people ask is how to cash out. At some point in time, it may become necessary for you to convert your airdrop tokens into fiat currency or trade it in for Bitcoin, Ethereum, or any other popular cryptocurrency. This article answers the question of how to convert your airdrop tokens into fiat or BTC.
Once you’ve participated in an airdrop, you will usually receive tokens to your ERC20 compatible Ethereum wallet. There are two basic options available to you. You can either wait until the token gets listed on an exchange, where you will be able to sell it, in exchange for fiat, BTC, or ETH, or you could try peer-to-peer (over the counter) sales, by finding a direct buyer. Finding a direct buyer may be difficult and unsafe, so it is best to wait until the project gets listed on a major exchange.