Why Gamers Should Start Buying Bitcoin
3 min read
What Can Gamers Gain from Bitcoin?
While the value of many if not all cryptocurrencies tend to be shaky, the value it has in the real world is a lot. From schools and merchants to video games and sports, each forward-thinking industry wants to have a piece of digital cryptocurrencies. And it is not just the huge corporations that are interested in cryptocurrencies. Regular people, including video gamers, have realized the benefits of using bitcoin over fiat currency. So, why should gamers start to buy bitcoin? This post will look at the reasons why gamers should start to buy cryptocurrencies.
Reasons Why Gamers Should Start Buying Bitcoin
1. It is less costly for microtransactions
Gamers spend a considerable amount of time per day playing video games and spend a significant amount of money purchasing their favorite titles. However, they do not spend all this lump sum at once. They purchase in-game items and PlayStation gift cards usually for a couple of cents or dollars. Unfortunately, the majority of banks, credit cards, and e-wallets charge a lot of transaction fees which make the costs of making little payments tremendously expensive in the long run.
When you buy bitcoin and use it to pay for in-game items and gift cards, these micropayments are charged less which makes them cheaper as compared to fiat currency. The charges for crypto miners are less than those charged by many traditional payment options. Moreover, the real savings come in using cryptos for the same reasons. Some altcoins charge almost nothing for little and huge transactions; thus, resulting in high savings in the long run.
2. Safety and security for online casinos
Online gamers who take part in casino gaming and sports betting are aware of the problems of depositing from particular regions in the world. Some banking institutions deny payments to casinos outrightly, and others charge huge costs for such payments.
Altcoins are ideal substitutes, and many gamers like them. The reason behind this is that not only does it allow you to deposit to the popular casinos, but its transaction fees are much lower. Furthermore, the gamer is not limited by geographical boundaries. For example, if you’re based in Brazil and you’d like to use a British gaming site, you have to buy cryptocurrencies to enjoy the most benefits.
3. Great for anonymity
If there is something that gamers love, it’s online privacy. That is the main reason why they keep off advertisers using adblockers, hide their IP addresses using VPNs, and now use cryptocurrency to keep their financial data confidential.
The digital coin provides greater privacy as compared to credit cards and they also safeguard the financial records for the users. This means that you can choose to completely hide your online purchases, say when buying gift cards.
4. Blockchain games require cryptos
Blockchain games have in recent years been gaining enormous popularity because they are designed to offer re-playable, gripping entertainment. However, the main objective of these games is to remove traditional payment service providers.
How does it achieve this? Blockchain games enable gamers to swap in-game items (which are the main source of revenue for the majority of developers). However, developers can choose to make gaining some items extremely challenging to obtain unless you pay for them.
Final Thoughts
The application of cryptos in almost every sector has been gaining immense popularity and it’s no wonder that the gaming industry is already incorporating it. For instance, you can buy gift cards with cryptocurrencies online. Cryptos have several benefits to gamers as compared to using fiat currency and that is why it’s a great idea to buy them now more than ever.
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