While some people still tend to distrust payments via cryptocurrencies, in fact, in the gaming industry, this is one of the fastest and most direct ways of cashing money out.
As cryptocurrencies continue to rise, more online casino sites for gambling and even video gaming platforms allow payments with the most popular coins, like Bitcoin or Litecoin. So, players might start wondering whether paying for their games with crypto is safe, how fast it is, and what they can make out of it.
It is safe to say that the majority of platforms that allow such payments are legit if they target Europe and North America. Of course, this depends heavily on the country because some jurisdictions either ignore cryptocurrencies altogether, turning a blind eye to them, or ban them altogether, having no intention of dealing with all the complexities that come along.
The best thing about Bitcoin for gaming is that it can be even safer than fiat currencies. BTC payment systems are usually anonymous, transparent, irreversible, and yet trackable. They are hard to hack or reverse, and many gaming platforms, especially online casinos, market their BTC part of the service as secure and protected.
However, the bestest thing about BTC payments for games, or from games, is that you can pay and get your payments quickly. If you happen to play games that pay, this is a win-win situation.
The concept of playing a game and being paid for it is still new although it has been evolving rapidly in the previous few years. Those video games that pay their players for in-game activities and completed missions are still rare, the rules are complicated, and it is hard to master everything right away.
This is especially true if you are not a gamer in the first place and the whole concept is very new to you. Even experienced gamers need time to get things settled and learn to play successfully.
However, such video games exist, some on bigger platforms and some are available for mobile gaming. You may pay for access in BTC and then get BTC for your in-game activities; eventually, you can cash your coins out. One can play a high-quality game that is not a casino game and win real cash. Accumulating the tokes or directly accumulating digital currency within the game enables the players to get paid for playing.
Tokens, or NFTs are currently the most mainstream method to make money playing video games.
NFTs, short for non-fungible tokens, are like exclusive digital tickets or certificates. They're unique digital assets that you can buy, sell, and exchange on the blockchain – an ultra-secure digital ledger. NFTs are one-of-a-kind, ensuring that the items you earn in a play-to-earn game belong solely to you. Feel free to sell them for real money or use them in trades with fellow players in the game.
While NFTs are in-game assets, they can be sold, traded, or turned into a money-making endeavor.
Some play-to-earn games may seem a little stiff and not as entertaining as the mainstream video games we are all used to. This is because the concept is still comparatively very new. However, the potential lack of entertainment is very likely to be compensated by the fact that you can win and cash out real coins. So you can still give it a try and get engaged with the game pretty easily.
If you are into winning BTC in games and being able to withdraw, at the time of writing this, the most recommended type of gaming is online casino gaming.
There are many high-quality, reliable online casinos that accept BTC deposits, allow bets in BTC, and then pay your winnings out in coins. Since Bitcoins are real currency, they can only be won at real money casinos that accept BTC for betting, so don’t confuse cryptocurrency casinos with social ones that have their internal coins as currency - you can’t withdraw from those.
Any casino site you want to try out to bet in BTC and win must be licensed, certified, and partnering with many reliable payment processing companies and software providers. Look for sponsors, partners, software studios, and seals of trust from other companies in the industry, like reviewing sites.
The best idea is to choose sites that specialize in BTC gaming and their whole services are adapted according to the cryptocurrency peculiarities and crypto players’ needs. If you want an under 1 hour withdrawal casino there is a high chance it can also offer you BTC deposits, bets, and payouts.
One of the key reasons why online players choose cryptocurrency for their gaming activities is, of course, safety and anonymity. However, the speed of transactions is the second main reason and it is very hard to beat.
The point is that, when you pay for the game (or to the game), the transactions are lightning-fast. This is understandable, you are paying to an online merchant, basically buying a product or service. However, when the game or gaming platform pays your winnings out, most of the time, it is painfully slow when it comes to all the conventional online payment methods. Even the fastest e-wallets can take up to a day or two to process the transaction; bank payments can literally take weeks, especially if you are lucky enough to get your payout suspended by the bank due to security reasons.
Yet, with BTC that you earn by playing a game, getting paid is as fast as paying. As soon as the platform verifies your payments, it is in your balance almost immediately. And you must not worry about the size of the payment because BTC has a very flexible minimum to maximum range of what can be sent to you.
So, considering all the above, does it mean that the future of the gaming industry is set in stone with Bitcoin? Very much probably not because jurisdictions are not in a hurry to regulate cryptocurrencies (and who can do that anyway if crypto was created as something non-regulatable in the first place?). If you are a player and want to give this a try, the best time is now.
