So, what do you need to get started with cryptocurrency games? How do you really play and earn money on cryptocurrency games? Let’s go through the following steps to answer these questions
5 Steps To Play And Earn With Cryptocurrency Games
Step 1: You need to know how cryptocurrency works before playing a cryptocurrency game. Again, cryptocurrency is like real money except that it is digital i.e. online. So cryptocurrency is virtual/online/digital money. Examples of Cryptocurrency are Bitcoin, Ethereum, Binance Coin, XRP Ripple, and Dogecoin. Just think of these examples of cryptocurrency as the currencies of different countries around the world- Naira, Dollars, Pounds, Yen, Dinar, Rupees, and Cedi etc. Also, like real money or currency exist in notes or coins, various cryptocurrency exist in different forms called Non Fungible Tokens (NFTs) or simply tokens.
What is Cryptocurrency?
Step 2: You need to set up a cryptocurrency account or wallet to deposit and save your crypto tokens. This is just like you open an account with a real bank. From your cryptocurrency wallet, you can buy, save and sell tokens to play your selected cryptocurrency game.
Step 3: Select a Cryptocurrency games that you find interesting. They are different cryptocurrency games from racing, sports, collectibles, farming simulator, property trading, strategy economy, battles, space games, playing cards etc.
TIP: A lot of cryptocurrency games are Ethereum games and are mined or issued by Ethereum BlockChain. So, when choosing a cryptocurrency game, look out for an Ethereum game that fits your interest. The link below has a list of cryptocurrency games and what is needed to play them.
Examples of cryptocurrency games:
Step 4: Connect your cryptocurrency wallet in step 2 to your selected cryptocurrency game. Start playing and earning.
TIP: Every cryptocurrency game has a minimum amount of tokens or coins you need to have in your wallet to start playing. Also, you need to play many cryptocurrency games for a little period of time. This will help you to earn a significant number of tokens before you withdraw them from your linked wallet.
Step 5: You can exchange your earned tokens on the game or cash them out. Depending on the kind of the game, you can also sponsor or sell your tokens to other players on a cryptocurrency game.
TIP: In some countries like Nigeria where it is not possible for you to buy or sell cryptocurrency through normal banks. You need to use P2P (Peer to Peer) trading platforms instead. On a P2P platform, you can buy and sell directly to other crypto owners using an escrow or virtual account. An escrow or virtual account is a type of account that prevents fraud by storing the cryptocurrency you want to sell or buy until the seller or buyer shows evidence they have paid for it. For example in Nigeria, popular P2P Cryptocurrency trading platforms include: Local BitCoin for Bitcoin and Binance for Ethereum.