## Introduction
Earning free crypto through airdrops is a major perk of participating in blockchain ecosystems. The Arbitrum (ARB) airdrop was one of 2023’s most anticipated events, distributing governance tokens to early adopters of this Ethereum Layer 2 scaling solution. Bybit, a top-tier cryptocurrency exchange, streamlined the claiming process for eligible users. This guide covers everything you need to know about receiving your ARB airdrop on Bybit – from eligibility checks to post-claim strategies.
## What Was the ARB Airdrop?
The ARB token airdrop marked Arbitrum’s transition to decentralized governance. In March 2023, Offchain Labs distributed 12.75% of ARB’s total supply (1.275 billion tokens) to:
* Early Arbitrum One users
* Ethereum developers building on Arbitrum
* DAO treasury contributors
* Eligible users of partner platforms like Bybit
Bybit supported the distribution, allowing qualified traders to claim tokens directly through their exchange accounts.
## Eligibility Requirements for Bybit Users
To qualify for the ARB airdrop on Bybit, users needed to meet these criteria during the snapshot period (block height #16890400):
* Conducted ≥4 transactions across ≥4 distinct months on Arbitrum One
* Bridged assets to Arbitrum from Ethereum
* Held ≥0.005 ETH in an Arbitrum wallet
* Completed Bybit KYC verification
* Resided in a supported jurisdiction (excluded USA, China, etc.)
## Step-by-Step Guide to Claim ARB on Bybit
Follow these steps if you were eligible:
1. **Check Eligibility**: Log into Bybit > Navigate to [Rewards Hub] > Check “My Airdrops”
2. **Initiate Claim**: Click “Claim Now” on the ARB airdrop banner (available March 23 – Sept 23, 2023)
3. **Verify Wallet**: Tokens auto-credited to your Bybit Spot Wallet
4. **Confirm Receipt**: Check transaction under [Assets] > [Spot Account] > [Transaction History]
5. **Secure Tokens**: Enable 2FA and withdrawal whitelisting for protection
## Post-Claim Actions for Your ARB Tokens
After receiving ARB:
* **Trade**: Swap ARB/USDT or ARB/BTC on Bybit’s spot market
* **Stake**: Monitor Bybit Earn for future staking opportunities
* **Withdraw**: Transfer to self-custody wallets like MetaMask for governance voting
* **Track Value**: Use Bybit’s portfolio tracker to monitor performance
## Critical Considerations
* **Deadline Passed**: The claim window closed September 23, 2023 – late claims are impossible
* **Scam Alerts**: Bybit never requests private keys or payments for airdrops
* **Tax Obligations**: Report airdrops as income in your jurisdiction
* **Future Opportunities**: Follow Bybit’s official announcements for new airdrops
## Frequently Asked Questions (FAQ)
### Can I still claim the ARB airdrop on Bybit in 2024?
No. The claim period ended on September 23, 2023. All unclaimed tokens were returned to the Arbitrum DAO treasury.
### How long did ARB deposits take on Bybit?
Crediting was instantaneous for most users after claiming. Network congestion occasionally caused delays under 2 hours.
### Was there a minimum ARB amount for withdrawal?
Bybit allowed withdrawals of any amount, but Ethereum gas fees applied when moving tokens off-exchange.
### Could I claim if I used Arbitrum via Bybit’s wallet?
Yes! Bybit Wallet users qualified if they met on-chain activity requirements during the snapshot.
### Are future Arbitrum airdrops expected?
While unconfirmed, active participation in Arbitrum ecosystem activities (e.g., using dApps, governance) may qualify you for potential future distributions.
### How do I prove airdrop earnings for taxes?
Download your Bybit transaction history CSV from [Assets] > [Transaction History] as proof of receipt.
## Final Tips
Though the ARB claim window has closed, maintaining activity on Bybit and Layer 2 networks positions you for future airdrop opportunities. Always prioritize security: bookmark Bybit’s official site, avoid suspicious links, and never share login credentials. For real-time updates on new crypto distributions, subscribe to Bybit’s announcement channel and enable notification alerts in your account settings.
