What Is a Whitelist?

A whitelist in crypto is a list of approved participants for a particular event, such as an Initial Coin Offering (ICO) or an Initial Exchange Offering (IEO). It is used to ensure that only those with the necessary qualifications are able to participate. Whitelists are established by the ICO organizers and can include criteria such as a minimum amount of funds to be invested, an account in good standing, or even a referral code or invitation.

Whitelists are mostly used in the context of ICOs or in terms of withdrawal addresses. It is a list of cryptocurrency addresses that are deemed trustworthy. Only addresses that appear on such lists can withdraw funds from exchange accounts.

What Happens When You Are Whitelisted?

When you are whitelisted in crypto, you are given access to participate in an IEO or an Initial DEX Offering (IDO) or presale of a cryptocurrency. During the whitelisting process, you will provide personal information including your name, email address and a government-issued ID (in most cases). This information is used to verify your identity and ensure that you are eligible to participate in the sale. Once whitelisted, you will receive an email with instructions on how to purchase the cryptocurrency during the sale.

What Is an NFT Whitelist? 

An NFT whitelist is a list of approved participants who are allowed to participate in a given NFT marketplace or sale. This list is typically managed by the issuer of the NFTs and can be used to restrict who is able to purchase or trade the NFTs. Whitelists are usually used to give certain buyers preferential access or exclusive access to certain NFTs or sales events.

How to Get Whitelisted for NFTs?

You can engage in several activities to get on an NFT whitelist:

• Engaging with the project on social media.

• Participating in the community on Discord.

• Solving NFT-related puzzles or tasks.

• Reaching out to the organizers to ask for whitelisting directly.