Online gaming has come a long way in recent years when it comes to popularity. The journey is a rewarding one, from being a favorite pastime to a reliable revenue stream. Countless gamers embraced it as a side hustle amid the pandemic to bring some extra dollars to their wallet. Many realized the greater potential and moved to it as a full-time money-making opportunity. Not surprisingly, the industry is huge today, churning millions of dollars and having a massive global fan base. Moreover, it is evolving with new trends coming to the forefront. Crypto gaming is the latest one as it brings together two popular concepts- online gaming and cryptocurrency.
While play-to-earn gaming with crypto coins sounds like a lucrative opportunity for players looking to make big money, it can be overwhelming for a first-timer. You may find it even more confusing if you are new to the gaming world. Either way, you should not miss out on the chance to experience the thrill and earn money only because you are apprehensive about stepping out of your comfort zone. Fortunately, a little preparation can give you a good start and take you a long way. Let us share a few valuable tips for first-timers to make the most of crypto gaming.
Learn the crypto lingo
Before embarking on the play-to-earn journey, you must learn the language of cryptocurrencies. Be prepared for some effort because the language can be tricky for an absolute newbie. The sheer variety of cryptocurrencies can overwhelm you even more. Bitcoin and Ethereum are the most popular ones for online games, so it is better to stick to them to narrow your range. You may also find casinos that play with Litecoin and Dogecoin, but keep them for later once you become a pro. Blockchain and crypto mining are some other terms you must understand before starting your journey. Fortunately, you can find several reliable resources online to brush up on your skills. You can also seek guidance from a crypto pro to get a smooth start with virtual currency.
Understand the play-to-earn concept
Once you are comfortable with the crypto lingo, you must develop an understanding of the play-to-earn concept. Consider it the second pillar of crypto gaming. Typically, you can collect digital items like property, weapons, and wearables by winning different levels of online games. When you reach successive levels or complete challenges to win these rewards, you can use them to customize your gaming characters. However, selling these assets for cash is not possible. But play-to-earn games follow a different approach as they let you transfer rewards through blockchain technology and monetize them. The rewards in these games are in the form of native digital currencies and NFTs. You can eventually convert them to cash by exporting them to crypto wallets.
Find a reliable exchange platform
Since you need Bitcoin to play a Bitcoin-based game (and Ethereum for the respective option), you must know where to procure the currency from. Everything boils down to finding a reliable cryptocurrency exchange platform where you can convert your cash into crypto without qualms. While there are several exchanges to choose from, going through their reviews is a good option. After all, risking your money is the last thing you should do. Besides checking the platform’s reputation, ensure that it matches your needs. For example, it must accept your currency and payment method.
Ensure the safety of your crypto assets
Converting your cash into cryptocurrency is simple once you find the right platform. Likewise, you can withdraw your virtual coins just like cash from the ATM. But safety should be on top of your mind because hackers may always be waiting to steal your coins. The best way to do it is by using a secure digital wallet such as PayPal or Apple Wallet. These wallets store keys instead of actual currency. You can find several wallet solutions to safely store keys on your desktop, mobile, or on the cloud. Storing it offline on a hardware device is also an option. But once again, ensure getting one that matches your needs and offers an assurance of safety.
Choose your game wisely
After getting ready with the basics, you are all set to try your luck with the play-to-earn concept. You can begin by exploring your options, but be ready for a surprise because the sheer variety can overwhelm you. While there is no magic trick to choosing an ideal game as a beginner, you can seek advice from fellow gamers. Joining an online gaming forum is a good idea to connect with crypto enthusiasts. You can check the bitcoin casino ranking to be extra sure about the reputation of gaming platforms. Also, go through the terms and conditions of the website thoroughly before embarking on the journey. Check the details like starter bonuses, reward pay-outs, security features, and conversion of in-game coins to cryptocurrencies. Knowing these details makes you more confident as a newbie.
Learn as you go
While choosing the right game gives you a good start, you cannot expect a winning streak from the outset. Of course, there is always a chance to get lucky as a beginner, but you must commit to learning as you go. You may have some shaky experiences because the industry is still in its infancy. Many crypto games are in the alpha or beta stages, so bugs and glitches are easy to encounter. However, the good thing is that developers are extra conscious about security. Moreover, they are constantly working to overcome challenges and improve the games.
Know how to cash out
Converting your cash into crypto and using them to earn more make only half the work of crypto gaming. The other half is converting your rewards back to cash. In fact, swapping in-game coins for cash can be daunting because the value of the in-game currency can be volatile. Conversely, NFTs may take time to sell. Either way, it can cause immense stress to a beginner because real money is not anywhere in the picture. Knowing how to cash out your rewards from the outset makes you comfortable. You can read the game rules and terms to understand the concept. Ask an expert to clarify your concerns.
Determine your goal early
Crypto gaming is a long-term commitment, so you must be willing to stay for good. The best piece of advice for a beginner is to determine your goal early. Remember that rewards do not come in cash, but you get them in the form of in-game cryptocurrency and NFTs according to the game you choose. You can trade them or sell them eventually, but patience is the keyword. Think long-term and take a realistic approach because success may not happen overnight. Also, be aware of the risks, although you can minimize them by choosing reliable gaming and currency exchange platforms.
Plan your budget
Budgeting is a critical aspect of crypto gaming, as with any other form of online gaming. It is easy to go above and beyond when you are an enthusiastic beginner, but self-control is the key to staying safe. Of course, bigger stakes can lead to greater profits, but the risk is also more. Beginners must start small and get comfortable with the flow to avoid risking their money. Also, budget for your gameplay and stick with it, no matter how attractive the opportunities appear. Play with an amount you can afford to lose, and consider the timeline for converting the in-game rewards into dollars to play realistically. Budgeting is a good habit, so you should carry the mindset ahead, even as you become a seasoned crypto gamer.
Trust your instincts
While crypto gaming seems like a lot of work to a beginner, learning the ropes is easier than you imagine. The gameplay part is even easier, but you must prioritize safety before anything else. Seasoned gamers recommend trusting your instincts because they can keep you from going over the top. Although you may have heard countless success stories about gamers making it big in the play-to-earn zone, never let overconfidence guide your decisions. Dig deep to ensure the safety of your personal information and money. Commit to controlling your emotions because chasing wins or losses can land you in deep trouble. Play sensibly with small amounts first and reinvest your wins instead of adding more to your gaming budget.
Every gamer has different skills and expectations, so one must not take a one-size-fits-all approach to crypto gaming. These games are more about an in-depth understanding of cryptocurrencies rather than only the game itself. The best way to start is by getting your crypto facts right. The world may seem exciting enough to dive in sooner than later, but do not start without proper education. It makes you confident about exploring and tinkering with new gaming possibilities with crypto coins. Also, look for reliable platforms to convert cash into crypto, store your coins, and swap crypto for cash again. Once you get these basics covered, you are ready to go ahead with the game.
