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Crypto Gaming Will Make You Rich!

Everything you need to know about Crypto Gaming and how to take advantage of it!

By Ionut242004Published 4 years ago Updated 4 years ago 3 min read
https://cointelegraph.com/authors/shawdagor-jinia

In order to better understand what Crypto Gaming means, we need to take it slowly and explain everything very well!

I will explain it as simple as possible and I will not go into more detail so as not to confuse you and not to understand!

In short a Blockchain is a database and stores some information but it has some very interesting properties here I will list only those that are relevant to Crypto Gaming!

Decentralized, this means that there is no person or entity that owns the Blockchain. This is what we mean when we say that a Blockchain is decentralized!

It allows you to prove that you own a digital thing. Think about a document or a pdf image you have, how can you prove that you have that original document? Blockchain solves this! And on the Ethereum Blockchain you can have various NFTs from Crypto Gaming and only you own them, you are the only owner who has such a character in a game!

In short, with the help of a Blockchain you can prove what items you have in a game and a very important thing is that you own those items and not the creators of the game!

But how do we make money with Crypto Gaming?

There are two ways you can make money with Crypto Gaming!

The first way is by trading in items or NFTs to be exact! And again, these would mean that you have to spend for these processes. Either you play the game and you get some NFTs from the game because you have accomplished something or you buy those NFTs from Blockchain and wait for their price to increase, the important thing is to buy when the price is falling and sell when the price is plus!

The second way is to get into projects in the early stages. That is, to invest in projects that have not been launched yet and the profit margin will be listed on the market somewhere above 5 or 10 X.

Before you invest in a project, do some research on that project. This is very important for you because it helps you not to lose money and not to get into projects that are scams!

The more hype there is about the game, the more money you will make!

What do I need for crypto gaming?

Getting started with crypto gaming is quite easy. All you need is:

-A cryptocurrency wallet

-An account with a gambling site that offers crypto gaming

-A device – smartphone, tablet or computer – on which to play

Setting up the wallet and the gaming account is simple and straightforward for an experienced web user – and there are a lot of online tutorials to help. The only challenge may be in your choice of gaming device – some games will require high performance computing power to work properly. If your smartphone is more than a year or two old, your gaming experience may suffer.

What are the risks of crypto gaming?

Cryptocurrencies exist outside traditional banking systems which means that they are also exempt from many of the protections offered by banks. If a hacker breaks into your account, most banks offer some form of insurance to ensure your money is protected.

If a hacker breaks into your cryptocurrency wallet, there are no protections – or any way to get your money back. You will need to take great care to ensure your wallet, and your crypto gaming accounts, are properly protected against loss or theft. You also need to be aware that the protections offered by crypto gaming services providers may be quite limited. Check the terms of service very carefully to see if they offer any compensation in the event of their systems being compromised by hackers.

Remember, I’m not a financial analyst, I don’t give financial advice and if you went after me without doing your own research you deserve to lose all your money ! ! !

Invest only what you are prepared to lose!

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About the Creator

Ionut242004

Hi, I’m Ionut and I love writing and helping people!

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