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Hi /u/daisybits, thanks!
1) It depends if the exchange participates in the giveaway. So far Kraken has announced they'll participate, and we hope to have more on board as time goes on.
We're still hammering out the details of the giveaway, so I'm not 100% sure what the process will look like. I believe all you'll need is the secret key of your address(es). We'll post when we have more info :)
2) You can create a cold wallet, or use a community-built wallet like Lobstr or Centaurus. You can also use the Stellar.org-developed account viewer to view balance and send and receive lumens.
Hope this helps!