How do I change AirDrop settings on my iPhone?

You can choose to accept AirDrops from contacts only or from everyone, how do I change this setting?

To change who you accept AirDrops from on your iPhone or iPad, pull up your Control Panel by swiping up from the bottom of the screen and deep press the upper left panel to pull up more detail. Now tap on AirDrop and make your choice. The same settings can be found in Settings -> General -> AirDrop.

How to change AirDrop receiving options on iPhone and iPad.