There exist various methods to purchase cryptocurrency, and the optimal approach depends on the specific crypto you intend to acquire. For Ledger owners, the Ledger Live companion application facilitates the buying and swapping of nearly any crypto.
Alternatively, if you do not own a Ledger, you'll require a companion to your Metamask or browser wallet to facilitate the purchase of the coins necessary for your gaming endeavours.
Buying cryptocurrency on a centralized exchange
Cryptocurrency is typically obtainable through centralized exchanges (CEX), with FTX and Crypto.com as the most popular options. The process of using FTX.US or Crypto.com mirrors the registration with a traditional financial institution, albeit with a somewhat lengthy and multi-step authentication procedure. Successful completion of the verification process is imperative for engaging in purchases or transactions on these platforms.
FTX, known for its user-friendly interface, facilitates the purchase of major cryptocurrencies such as BTC, ETH, USDT, and more. Binance, another prominent exchange, boasts a broader array of coins and a private exchange for peer-to-peer trading, albeit with commission fees. Additionally, Binance operates its own chain, Binance Smart Chain (BSC), along with its native coin, $BSC.
All three CEX options—FTX, Crypto.com, and Binance—offer the convenience of payment via debit or credit cards, providing a swift and straightforward means to convert your fiat currency (EUR, USD, GBP) into cryptocurrency.
Buying cryptocurrency on a decentralized exchange
now, let's talk about how to buy cryptocurrency. It's crucial to note that not all cryptocurrencies are available for purchase on centralized exchanges. Some new or established games exclusively utilize decentralized exchanges (DEX), where the sole acquisition method involves other cryptocurrencies. Consequently, acquiring a game's governance token might not be feasible with a debit card. In such cases, you may need to first purchase Ethereum and then exchange it for the game's governance or reward token.
In general, ETH and wETH are pivotal coins to have in your wallet, easily attainable with fiat and frequently used for a variety of transactions and swaps. Platforms like Pancakeswap for the Binance Smart Chain or Quickswap for Polygon-based projects facilitate the swapping of ETH with other coins.
It's essential to exercise caution with DEX, as they lack the same level of security as their centralized counterparts. Liquidity on DEX primarily relies on users contributing to "Liquidity Pools," where cryptocurrency owners stake their coins. Only engage with decentralized exchanges that you trust and boast a substantial user base.
コメント