There are a few basic ways to make money from blockchain games:
- NFT sales – in crypto games, players own digital property. They can sell or trade their NFT items within the game and on exchanges;
- farming and steaking. Staking is generating passive income from your assets by lending and freezing coins in a pool. Farming is income farming, making money from token steaking.
- Winning in competitions – in crypto games one earns by defeating opponents, getting rewards in the form of items, tokens or cards;
- drops are free giveaways of cryptocurrencies, tokens or NFTs that can be obtained by completing certain tasks.
- All cryptocurrencies have different price and volatility. The exchange rate changes on a daily basis. Therefore, the earning opportunities in each game can be different.
How to withdraw earned money from crypto games
The method of withdrawal depends on the game. Example: the blockchain game itself may offer an internal currency. It is exchanged on the game’s marketplace for cryptocurrency. This cryptocurrency can be withdrawn to an exchange, converted to fiat money, or saved or reinvested in more expensive game items and cards.
Approximate withdrawal algorithm:
- After earning cryptocurrency in the game, you need to withdraw this money to a wallet, for example Metamask, convert to USDT.
- From the wallet to withdraw USDT to Binance. It is important that the profile was verified.
- From Binance you need to withdraw money through the P2P exchange Binance, or find an exchanger on Bestchange, exchange money from Metamask, transfer to a card or e-wallet.
Crypto games can be considered as a way to earn money and as entertainment.
It is possible to make money in blockchain games, but you need to balance your financial risks and budget when choosing a game as a way to invest. In many games, the entrance fee starts from $100-$300. It is better to use free money, it is not recommended to invest the last or borrowed funds in the hope of winning a large fortune.