How to get free cryptocurrencies Read the guide!

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5 Games that will Get You into Cryptocurrency

Want to get involved in cryptocurrencies? Like many new technologies, gaming might be the best and most fun way to do just that.

Blockchain technology and gaming are a match made in heaven. The gaming industry has been struggling with payment, safety, compatibility, and item trading problems ever since online gaming began. The blockchain and cryptocurrencies are the perfect innovation perfectly suited to solve these problems and give players more a complete and free gaming experience.

However, using crypto has a steep learning curve, so why not enjoy it when trying to learn it? Here are five games that are integrating blockchain/DAG and cryptocurrencies into their gameplay. By giving these a try you can get a head start learning how to navigate the blockchain gaming world, start building your cryptocurrency portfolio, and have fun earning a bit (or a lot) of digital cash along the way.

We would like to thank the team at Worldopoly for their contributions to the design and implementation of the research and to the analysis of the result.

1. Cryptokitties – Tradable Crypto Assets

Cryptokitties is the quintessential blockchain game. If you want an introduction to the power of smart contracts, crypto-tokens, and how crazy people are about them, look no further.

Released in 2020 by Axiom Zen, Cryptokitties is a game where you collect and breed virtual cats. It sounds simple because it is. The real value is that each of the cats is cryptographically unique (non-fungible) and can be traded on the Ethereum blockchain for real money. Each “kitty” has its own unique appearance, and there are 4 billion possible cats. Some much rarer than others. New Generation-0 cats are created by the developers once every 15 minutes until November 2020. From then on, the only supply of new cats will be through breeding.

There have been similar virtual pet games before, but the idea of true ownership of a cat (it can never be destroyed, copied, or confiscated) rather than just some data on a central server has appealed to players. Within months of release, a kitty had already sold for $100,000 . More recently, a kitty was auctioned for $140,000 .

How does it work?

On a technological level, Cryptokitties is based on the ERC-721 Ethereum token. Basically, the non-fungible version of the ERC-20 token. That means they are unique tokens that use the Ethereum blockchain. All payments and auctions are done with Ethereum, and you’ll need to buy some in order to get started and buy your first kitty.

The Cryptokitties developers have struck gold with their business model. They earn a cool 3.75% fee on each auction and get to sell all of the newly created kitties in the first year.

The benefits of playing Cryptokitties

Apart from being a serious money maker if you’re good, Cryptokitties is an awesome way to get involved in the world of blockchain and cryptocurrencies. You’ll get:

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  • A quick, practical education on how Ethereum tokens like ERC-721 work as well as how to trade crypto assets.
  • Experience using important blockchain tools like Metamask .
  • A fun way to get involved in the vibrant crypto community and maybe make some friends.
  • Some adorable new digital pets!

Collecting crypto assets is fun. But why not take it one step further?

2. Spells of Genesis – Playable Crypto Assets

Spells of Genesis (SoG) is kind of like Cryptokitties if the kitties could help you win a battle in the Askian Valley rather than breed with one another.

SoG is a mobile magic card game. The difference is, you can store your cards on the blockchain for that “true ownership” that’s so important in the crypto world. Cards can be used in battle and have elements like health, speed, spells, and rarity. They can be leveled up and fused into much stronger and rarer varieties.

How does it work?

The blockchain cards actually use the Bitcoin blockchain by using the Counterparty platform . That means you need Bitcoin to use these cards, and you can trade them freely both inside and outside of the app using the Book of Orbs . Bitcoin is the largest and most popular blockchain, so you know your cards and transactions will be relatively safe. However, congestion on the Bitcoin network could mean that fees and transaction times increase.

The benefits of playing Spells of Genesis

Unlike many other trading games, using the Bitcoin blockchain for games means a totally transparent game economy. The most valuable blockchain cards in SoG are stored on the Bitcoin blockchain and can be seen by everyone playing the game. You know how many there are of each in existence, but not necessarily the identities of who owns them. That is the beauty of blockchain technology.

3. Beyond the Void – In-game Cryptocurrency Economy

Cryptokitties introduced to us tradable crypto-assets, Spells of Genesis introduced tradable blockchain cards that you can use in-game, and now Beyond the Void is about to show us the power of a full-on, crypto-powered in-game economy.

Beyond the Void gives players a free-to-play interstellar Multiplayer Online Battle Arena. The secret sauce here is that the in-game economy is based on a cryptocurrency token called Nexium. What’s more is that the in-game spaceships and items you buy are all registered on the blockchain. That means you really own your items.

This means that there is a marketplace for game items and currency that exists outside of the game that is both safe and transparent. This will come as a refreshing change for those games used on the market economies of games like World of Warcraft.

How does it work?

Beyond the Void’s cryptocurrency, Nexium (NXC) , is a standard Ethereum ERC20 token. To get started, you’ll need to use an Ethereum wallet, such as Misk or Metamask, and load it with some Ethereum. The game assets and currency can be freely traded on the blockchain, but the developers have also made an online shop where you can buy new assets from the team or trade with other players.

The benefits of playing Beyond the Void

Ethereum tokens like Nexium are popping up all over the Internet and in all kinds of games. Spend some time playing Beyond the Void and you’ll add to your token portfolio while leaving you the option to cash out if you want to move onto a new game.

4. Privateers Life – Closer to a Real Economy

The developers of Privateers Life are striving to take this idea even further and create an in-game economy that truly mirrors a real-life one. It’s a place where no goods can appear out of nowhere, but have to harvested, mined, or manufactured from the materials found the game.

This adds a whole new dimension to the game. You can be a part of the production of goods in the Privateers Life economy and sell them for crypto-tokens worth real money. You can think of it like the World of Warcraft gold-mining economy, if all in-game items and commodities could be produced, and the gold couldn’t just appear out of nowhere causing rapid inflation.

How does it work?

While playing the game, you can buy things using Ludem tokens (the currency of the game) in-game from other players or from the premium store. However, the goods in the premium store need to be crafted from other players by collecting all of the materials and ingredients to make them. The developers take a cut of the items sold in the premium store, and also charge a tax on items sold on their “territory.” If you want to avoid this tax as an in-game merchant, you’ll have to buy your own island and really set yourself up.

The benefits of playing Privateers Life

Games have traditionally had to clamp down on the real-money economies that develop around popular multiplayer games. Games like this one are taking a completely different approach and actually encouraging it. As a player, you can easily start foraging, harvesting, mining, and crafting to earn yourself an in-game income that you can easily and safely cash out on.

5. Worldopoly – Augmented Reality Game Based on Blockchain/DAG

When it comes to features, Worldopoly really does have it all. Augmented reality, geopositioning, MMORPG, gameplay, world building, blockchain assets, and DAG. Worldopoly combines all of these factors and creates an immersive multiplayer mobile game.

Imagine if the world was a Monopoly board you could view through your phone’s camera. You can buy streets and buildings and construct your own hotels on them. Now, imagine if you could sell parts of your empire for cryptocurrency worth real money, rent out your shop fronts to advertisers, and even raid or burn down competing players’ buildings.

How does it work?

Worldopoly uses two platforms for its cryptocurrency economy, Ethereum and Byteball . It uses Ethereum because it’s the most popular blockchain platform and many players are already comfortable using it. The second platform, Byteball, is offered because of its advantages over Ethereum when it comes to transactions.

The main problems with Ethereum are slow response times (

10 seconds) and high transaction costs (

$0.20-$1). These are big turn offs for players. Byteball is a cryptocurrency platform that uses Directed Acyclic Graph (DAG) technology, which is technically not even blockchain technology. You can think of it like a generalization of blockchain technology, with more relaxed rules about how transactions can be organized. Byteball’s DAG platform allows for less than one second transaction time and basically free transactions of

$0.0001. This is much more player friendly.

The benefits of playing Worldopoly

Games need to be easy and cheap for players, at least to get started. That’s why platforms with rising costs and congestion problems like Ethereum may struggle to become the cryptocurrency platform of choice for games. Playing Worldopoly can give you exposure to more practical cryptocurrency technologies, like DAG, and save you some money in transaction fees while playing the game.

Get Playing!

Blockchain, DAG, and cryptocurrency are taking the world by storm. They solve many core problems of the Internet in regards to payments, centralization, and security. But these new technologies require a new way of thinking for users.

From trading and breeding crypto “kitties” to global, AR-powered monopoly economies, gaming is a helpful and fun way to learn these new technologies. You’ll get to experience ownership and open game economics that have never been possible before. And, if you’re good, you can even make a fortune.

We’ve created an infographic to better explain this idea to you:

How to Make Money with Cryptocurrency (With No Experience)

You’ve probably heard of cryptocurrency (or crypto, in short form), and are interested in learning how to make money with cryptocurrency. Crypto is one of the hottest investing topics right now and there are news articles all over talking about how people are becoming millionaires by investing in altcoins.

Table of Contents

You might have done some research but thought it looked too technical or complicated. We’re here to tell you that it’s not! Anyone can learn how to earn money with cryptocurrency and by the end of this article, you’ll be able to start yourself. We’ll also help you by categorizing the methods based on:

Read on as we walk you through it and cover several great ways of earning an income with cryptocurrency.

– 1 –В

Buy and hold

Buying and holding is the method you’re probably most familiar with when it comes to investing and making money with cryptocurrency: You purchase some sort of asset (like stocks), you let interest build up, and then you eventually cash out.

It’s the same idea in buying and holding with crypto, except you are waiting for the price of your chosen currency to go up so you can sell at a rate higher than when you bought.

This is one of the best and easiest ways to focus on how to make money in cryptocurrency.

For example Bitcoin was worth around $13 in 2020, and at the most peak price we’ve seen so far was nearly $20,000 in 2020. That means if you had just purchased $200 of Bitcoin in 2020, it would have been worth over $300,000 if you sold at the peak price! That’s a 1500x return on your money, nearly unheard of in such short of a time in the stock market. It really shows the power of making an income with cryptocurrency.

If you’d like to know how to make money with cryptocurrency by using buying and holding, we have some articles ready for you so you can get your coins and get started!

How to buy bitcoin

How to buy litecoin

How to buy ethereum

How to buy ripple

While there are MANY different coins out there, we recommend you stick to the 4 mentioned above. These are the safest and have been around for a while. If you invest in a new coin it might be cheap to buy lots of them, but there’s a very high chance the coin could just disappear. Coins that have been around a while don’t have that same risk.

If you’re ready to buy, we recommend that you visit Coinbase, which has been ranked as the most “beginner friendly” exchange. Click here to visit Coinbase and when you sign up, you will receive $10 in FREE Bitcoin on your first $100 order!

– 2 –В

Buy and hold for dividends

The strategy and currencies above will pay you when you eventually sell at a higher price than when you bought. However, some currencies will actually pay you just for holding them, which makes this a very lucrative method of making money You don’t actually purchase or own the cryptocurrency…you simply hold it and keep it in circulation. Some examples of these coins are:

– 3 –

Staking cryptocurrencies

This strategy combines the first two we mentioned: you buy a currency, hold it, plan to sell it for a profit at a later time, AND you also receive dividends from just holding it. This is a great secret in making money with cryptocurrency.

Some examples of these cryptocurrencies are:

В – 4 –В

Mining

When considering how to make money with cryptocurrency, mining is one of the methods that always comes up. Mining cryptocurrency is one of the best ways to make money with altcoins as it’s extremely passive: just invest in the equipment, set it up, and let it run.

But there’s the only possible issue…investing in the equipment. While you can mine cryptocurrency without extremely high end hardware, the better the hardware, the faster it can create more coins for you and the better your chance of actually making money. Mining works by having computers solve complex mathematical problems, and when they solve them, you are rewarded with cryptocurrency.

The thing is that as more cryptocurrency is created, the problems get harder and harder, and so if you don’t have a high end system, it can take a LONG time to solve things. You might also need cooling units, extra electricity upgrades, and more to support all this.

Also MANY different people are trying to solve the same problem at the same time. If your computer is too slow and someone else solves the problems first, you get nothing, so investing in a high end system is almost always needed.

How To Store Cryptocurrency Safely in 2020

Getting cryptocurrency is one thing while storing it safely requires entirely different skills and knowledge.

This guide teaches you how to protect your funds, choose the right wallet, and avoid the most common hazards of crypto security.

What Is A Crypto Wallet

A cryptocurrency wallet is a software program designed to store your public and private keys, send and receive digital currencies, monitor their balance, and interact with various blockchains. You need to have a cryptocurrency wallet to manage your crypto assets and keep them secure.

There are many cryptocurrency wallets out there, but the essential distinction between them is whether they are hot or cold.

– A hot wallet is connected to the internet and can be accessed at any time.

– A cold wallet is not connected to the internet and allows to store your funds offline. You can still receive funds at any time, but no-one can transfer them out.

Hot wallets include all online cloud wallets, most mobile, and software wallets, and exchanges.

Cold wallets are hardware wallets, offline kept paper wallets, USB and offline similar data storage devices, and even physical bearer items such as physical Bitcoins.

Most cryptocurrency holders use both cold and hot wallets. Hot wallets are handy for frequent trading, while cold wallets are better for long-term holding of crypto assets.

But before we explore different wallets, here is a brief reminder of why keeping your digital assets in exchanges is generally not a good idea.

Types Of Cryptocurrency Wallets

There are four distinct categories of cryptocurrency wallets: paper, hardware, cloud, and online. Let’s have a look at each of them.

Paper wallets are generally classified as cold storage. The term “paper wallet” generally refers to a physical copy or paper print of your public and private keys. Other times it means software used to generate a pair of keys along with digital file for printing. Whichever the case, paper wallets can grant you a relatively high level of security. You can import your paper wallet into a software client or simply scan its QR code to move your funds.

If a paper wallet is available for cryptocurrency of your choice, you’re likely to find a guide on how to make one on the project’s website or community page. MyEtherWallet is a universal way to make a paper wallet for Ethereum and all ERC-20 tokens. Use Bitcoin Paper Wallet Generator to generate a paper wallet for Bitcoin.

Although paper wallets are cold, they come with their share of risks, too. For instance, paper wallets can be easily damaged, burned, easy to copy and take pictures, and require mutual trust if you’re not making one yourself. To make paper wallets less fragile, sometimes people laminate them, create multiple copies and store them in different locations, engrave them on pieces of metal or other sturdy materials, etc.

Note, that it is a bad idea to keep electronic copies of your paper wallet on your PC. The private key of paper wallet should always be kept offline. Keeping your paper wallet files online makes it as secure as a hot wallet.

Online wallets, by definition, are hot. Using a cloud wallet, your funds can be accessed from any computer, device, or location. They are super convenient, but they store your private keys online and can be controlled by third-parties. Therefore, they are more vulnerable to attacks and theft by design. Popular cloud wallets include:

Software wallets are downloaded and installed on a personal computer or smartphone. They are hot wallets. Both desktop and mobile wallets offer a high level of security; however, they cannot protect you against hacks and viruses, so you should try your best to stay malware free. As a rule, mobile wallets are way smaller and simpler than desktop wallets, but you can easily manage your funds using both of them. Besides, some software wallets allow you to access funds via multiple devices simultaneously, including smartphones, laptops, and even hardware wallets.

  • Jaxx
  • Freewallet
  • Exodus
  • Electrum Wallet
  • Infino Wallet

Unlike software wallets, hardware wallets store your private keys on an external device like USB. They are entirely cold and secure. Also, they are capable of making online payments, too. Some hardware wallets are compatible with web interfaces and support multiple currencies. They are designed to make transactions easy and convenient, so all you need to do is plug it in any online device, unlock your wallet, send currency, and confirm a transaction. Hardware wallets are considered the safest means of storing crypto assets. The only drawback is that they aren’t free to use.

Popular hardware wallets include devices by:

Getting a hardware wallet directly from a manufacturer is the most secure way. It is unsafe to buy it from other people, especially the ones you don’t know. Mind that even if you get a hardware wallet from a producer, you should always initialize and reset it yourself.

Typically, your wallet choice depends on your portfolio. Every serious project should have its native wallet which should be found at its website, but sometimes it may be more convenient to have a multicurrency wallet. Keep in mind that not all multicurrency wallets support all coins. Even hardware wallets have a limited amount of coins they support. On the other hand, there’s no shortage of wallets for popular cryptocurrencies like Bitcoin or Ethereum.

Hardware wallets. Source: Jaro Larnos / Flickr.

Once you get a (hardware) cryptocurrency wallet you will also need to protect your private recovery seed phrase. One of the most reliable seed word protection tools is CryptoTag which allows you to store them on a virtually indestructable titanium plates.

Crypto Tag device. Source: Cryptotag.io

Best Security Practices to Prevent Stolen Private Keys

So you decided to take control of your crypto assets and hold everything in a private wallet. Well done! However, with great power comes great responsibility, and now it all rests on your ability to remain secure and keep your private keys private.

The most common security steps to take are:

  • Don’t keep cryptocurrency in exchange for a prolonged period or longer than necessary.
  • Always enable two-factor authentication (2FA) function.
  • If you go for a hardware wallet, choose a pin code which is hard to guess, and never put your 24-word recovery sheet online.
  • Don’t boast of your crypto holdings publicly under your real name or identifiable address. Some burglars manage to steal crypto funds even if you keep them in a cold (offline) storage.
  • Trust only what you see on your hardware wallet screen and verify all the information on the device.
  • Always assume that your devices can get compromised anytime, so always treat your computer or smartphone screen with caution.

In addition, follow these tips to minimize the chances of losing your crypto.

Be Aware Of Phishing Sites. Whether you’re connecting to exchange or online wallet, confirm that you’re logging in to the right address. Many bogus websites imitate exchanges for the sole purpose of stealing your login data. Always check whether the website address is correct.

HTTPS. Login only to secure websites with a valid HTTPS certificate. Most legit sites have one. For extra safety, try browser plugins like “HTTPS Everywhere.”

Use a Secure Wi-Fi Connection. Never connect to your online wallet, exchange account or another critical security point via public WiFi. Even when you’re at a presumably safe place, make sure your WiFi access point uses strong encryption like WPA-2 protocol.

Separate Your Funds. Don’t keep all your crypto assets in one place. The best way to handle it is by using one or several cold storages for long-term holdings, and at least one hot wallet for trading and transactions.

Two-factor Authentication. Always secure your accounts with 2FA. Whenever possible, use software or hardware 2FA instruments rather than SMS.

Whitelist IP and Withdrawal Addresses. If you have a static IP address, use it for your safety. Make sure that only you can access your accounts and funds.

Double-check Crypto Addresses. Some malicious programs can edit and paste a wrong transaction address whenever you send a transaction. Typically, the new address belongs to an attacker. It’s better to be safe than sorry.

Use Security Measures You Can Handle. Some people never feel secure and go to the furthest lengths to secure their cryptocurrency. However, they forget that they can also lose crypto to their security tools. Losing access to your accounts, funds, or wallets is as common as hacks. Don’t overcomplicate your security if that’s not what you’re into anyway. Strive for an appropriate balance between complexity and security.

The art of keeping your cryptocurrency safe and secure is a critical skill to master on a journey to becoming your own bank. The sooner you learn it, the better.

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