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How And Where To Buy GameFi Tokens

How And Where To Buy GameFi Tokens

People enjoy playing play-to-earn games because they earn as they have fun. These games require cryptocurrencies to play. These cryptocurrencies include Gods unchained, plant vs. undead, illuvium, axie infinity, the sandbox, and GameFi. 

GameFi tokens are cryptocurrencies used in play-to-earn video games that operate on blockchain technology. When players battle others and win, complete a task, or progress to the next level, they earn a reward in the form of cryptocurrencies. It works just like sandbox which you can read more about here. The players can decide to hold and sell the cryptocurrency they earn later at a profit. 

Buying GameFi tokens isn’t similar to purchasing items from a shopping center. You need to know where and how you can buy these tokens. This article provides details of how and where to buy GameFi Tokens. 

How To Buy GameFi Tokens 

How And Where To Buy GameFi Tokens

It’s always good to research what you want to do before actually doing it. Researching will help you understand the process involved to avoid making mistakes. This is the same case with buying GameFi tokens. The following are the steps you can use when purchasing GAFI tokens: 

Step One: The first step is to check the CoinMarketCap. The CoinMarketCap is what you can use to determine how a digital currency is doing in the market. It shows you which platforms you can get GameFi from and the currencies you can use to buy the tokens. The first thing to do is go to the CoinMarketCap official website and look for GameFi. Click on the market button. This will take you to a page that shows a list of the places and currencies you can use. These options have been discussed below in this article. 

Step Two: After finding the list with the options, pick a platform that you’ll use to purchase the tokens. These platforms differ in terms of reliability, liquidity, and security. Therefore, you should research more about these platforms to find one that will work best for you. 

Step Three: After settling on the platform you’ll use to buy GAFI tokens, you should proceed to purchase them. If you plan to buy the tokens using cryptocurrency, you’ll have to create a crypto wallet that supports GAFI, buy the currency, and use it to buy GAFI tokens. 

Modes Of Payment 

There are different methods of payment that you can use to buy GameFi tokens. The following are the three most common modes of payment: 

  • The first mode is depositing fiat to your account. After that, you can use your deposit to trade and get GameFi pairs. 
  • You can also transfer money from your bank account by wiring money to the person that’ll sell you stablecoins. You can use these stablecoins to buy GameFi tokens from platforms such as Binance
  • The other mode of payment you can use is credit cards. Some platforms like Binance provide the option of using your MasterCard or Visa to buy GAFI tokens directly. 

Where To Buy GameFi Tokens 

As stated above, there are various platforms you can use to purchase GameFi tokens. The following are some platforms that you can use for exchange: 

Binance 

Binance is the largest cryptocurrency exchange worldwide. It has various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Harmony (ONE), Helium (HNT), and many more. In addition, Binance has been the best place to buy or sell GameFi tokens. It would be best if you had a Binance wallet to buy GameFi tokens on Binance. The following are steps you can use to buy GameFi tokens on Binance: 

  • Start by downloading a Binance wallet. You can either use your computer to download via Chrome extensions or your mobile phone through iOS App Store or Google Playstore. 
  • After downloading, you’re required to register and set up your wallet. This step is crucial as it involves noting your wallet address and ensuring the safety of your seed phrase. 
  • After setting up your wallet, proceed to buy your BNB Chain. Next, withdraw your BND Chain to your Binance wallet. 
  • Next, choose a decentralized exchange (DEX) that supports your wallet. After that, connect your wallet using your wallet address to the DEX you’ve chosen. By linking, you’ll be in a position to use your BNB Chain to buy GameFi tokens.  

KuCoin 

KuCoin is one of the platforms that’s mainly used for trading using cryptocurrency. It offers a wide range of services such as peer-to-peer cryptocurrency exchange and the option to purchase using credit and debit cards. In addition, KuCoin offers GAFI trading whereby its users can buy or sell tokens. It’s also known to provide buying opportunities faster than other platforms. 

Gate.io 

Since its establishment in 2013, Gate.io has become a reliable trading platform. This platform is suitable for beginners as it offers an easy-to-use interface. Also, it provides advanced charts for traders with more trading skills. GameFi is one of the altcoins that Gate.io boasts. Moreover, Gate.io is preferred because it offers protection against market manipulation, especially to beginners. 

Hoo 

This is a Hong Kong-based platform that works toward integrating quality digital assets while offering safety in trading. It’s known to have the first listing of tokens such as GAFI before they’re listed on other popular exchanges. 

Options After Buying GameFi Tokens 

You can choose to go with the following options after buying these tokens. 

  • You can choose to hold your GameFi tokens and wait for them to increase their value. Also, it’s best to keep the tokens in a safe and user-friendly wallet. 
  • You can also choose to trade your tokens.  
  • Learning more about play-to-earn and understanding how they work is also an option. You can learn more from Binance Academy. 
  • Another option is staking your tokens. Some people prefer risking by staking because it can help you maximize your holdings instead of letting them sit in your account. 

Wrapping It Up!

Times have changed from when people used to play games for fun alone to when they can earn while still playing the games they like. However, some online video games require you to have cryptocurrencies for you to play. GameFi tokens are an example of cryptocurrencies used on play-to-earn video games. 

Moreover, if you’re wondering where you can get these tokens, there are platforms you can use to purchase them. These platforms include Binance, KuCoin, Gate.io, and Hoo. These platforms have procedures that you follow, from creating wallets to buying tokens. If you’re a beginner in playing these video games or don’t know enough about buying GameFi tokens, you can use this article as a guide on how and where to buy them.

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