What Can I Do with My Cryptocurrency?
Cryptocurrencies are bigger than ever, with most online banks like Revolut or PayPal now offering their own bespoke crypto services. If you’ve got some crypto and don’t know what to do with it, or you’re looking to get into some great crypto activities, just check out the list below. We’ve compiled some of the best ways for you to spend, save and earn more cryptocurrency so you’ve always got an option for your next crypto move.
Spin Some Pokies
Slot machines and cryptocurrencies are a match made in heaven. With no centralised bank to go through there’s no limit to the deposit or involvement from a third party, and there are no credit or debit cards needed to sign up or deposit. The anonymity afforded by cryptocurrencies means that you can gamble without the eyes of a bank checking on your deposits.
Anonymity is a huge part of crypto’s appeal, so having a go on online slots that take crypto without prying eyes is something every gambler should be looking to take advantage of. It’s only a matter of time before brick-and-mortar casinos start accepting cryptocurrency in store.
If you’re an Aussie cryptohead, you might want to try your luck on the huge variety of crypto pokies. There has been a huge rise in the popularity of online pokies, and crypto pokies truly brings this classic Australian pastime into the 21st century. Online slots like Ignition Crypto pokies let you use your Bitcoin to play, and they offer great sign-up bonuses too!
Play an NFT game
A currently growing trend in the online gaming sector is blockchain games. These nifty little games run on blockchain and allow users to earn crypto and NFTs (Non-Fungible Tokens). In fact, GameStop is even getting involved in the action.
NFTs have grown in popularity this year and some can be traded for hundreds of thousands of dollars. If you’re curious about NFT trading, blockchain gaming can be an ideal way to get into it in an entertaining way. Check out this list for some of the best NFT games around.
Get started by purchasing a game with your crypto, and get playing to earn NFTs that you can then trade on the white label NFT marketplace for more NFTs and crypto!
Mint an NFT
Anyone can make an NFT, so if you’re feeling creative you could mint an NFT of your own and put it up for auction. NFTs require crypto to mint, so once you’ve got a design you can head to an NFT marketplace to mint it and auction it off. Some NFTs have sold for millions and they have become a material way to invest in crypto technology, diversifying the growing crypto market.
If you’ve got a design that you want to mint into an NFT there are a few ways to go about it. You can head to places like OpenSea to buy, sell and trade NFTs using Ethereum, and there are plenty of online guides to help you get started in your NFT journey!
Invest in crypto
One thing many cryptoheads like to do is, of course, make more crypto! You can do this by investing in other types of cryptocurrency on trading websites, diversifying your portfolio. Trading anything can come with highs and lows in terms of value and you never know which coin is going to be the next Bitcoin and skyrocket in terms of worth, which is part of the appeal that gets many cryptoheads into investing in more crypto.
You can also get in on the ground floor by investing in the development of new cryptocurrencies. New coins are being developed on blockchain all the time and need funds to get started, so why not use the crypto you’ve made or bought to help new currencies get off the ground floor!
Conclusion
There’s a whole new emerging market dedicated to cryptocurrencies. More and more coins are becoming profitable and are traded daily, with banks and modern governments beginning to take it seriously. The decentralised nature of crypto necessarily dictates a level of autonomy that has never been seen before, which is part of the appeal of this bold new technology. Make sure you trade responsibly, so you can continue to enjoy all the benefits this incredible form of currency brings.