It’s fair to say that cryptocurrency has a somewhat rocky history. But in between the peaks and troughs of market crashes and popularity booms, Crypto has become a stable and central part of world economics.
It’s so ingrained in our society now that you can even use it for online gaming! After all, it was only a matter of time before a stable virtual currency was adopted by the hugely valuable iGaming industry.
Gamers and gamblers now have a wide range of possibilities when it comes to using their cryptocurrency for online gaming. In this article, we will take you through the opportunities you have to use crypto to enjoy virtual gaming experiences, from earning NFTs through play-to-earn games to placing sports wagers.
When Can You Use Crypto For Online Gaming?
The first online casinos started accepting Bitcoin in 2012. They offered this alternative payment method in the hope of attracting players and startup casino businesses. Safe to say, it worked, and the idea of crypto casinos has been rapidly gaining traction ever since.
There are now plenty of opportunities to use your Crypto in online gaming. For example, you can try your hand at P2E (play to earn) games, where players earn cryptocurrency or NFTs to complete quests or achieve targets inside a metaverse or online realm. Quests typically involve killing a specific number of enemies or amassing a set number of resources.
Betting With Crypto Casinos
Then there are online casinos. These virtual establishments enable you to play classic table games or spin slots using your cryptocurrency. Take Cloudbet, for instance, which offers Binance betting and gambling services that you can join using your Binance Coin.
What Cryptocurrencies Do Casinos Accept?
You can find almost any of the big cryptos being accepted at an online casino somewhere on the web. Bitcoin and Ethereum are more widely accepted, but you can also find sites that take lesser-known currencies.
Here are just some of the cryptos now accepted by online casinos:
- Bitcoin
- Ether
- Binance Coin
- Litecoin
- Solana
- Tether
- Dogecoin
- Monero
Making Sports Bets With Crypto
In addition to iGaming and online tabletop games, virtual casinos allow you to use cryptocurrency for sports betting. This represents another opportunity for crypto holders to potentially increase their income, as crypto casinos can pay out good odds if your wager is successful.
There are so many possibilities when it comes to using your Crypto for online gaming. Whether you’re more of a metaverse player on a quest for NFT glory or a sports fan looking to make a quick buck off your football knowledge, you are spoilt for choice regarding how to spend your crypto.
