Cryptocurrency

How to play games with crypto? Beginner’s guide

Published

5 years ago

December 21, 2018

How to play games with crypto? Beginner’s guide

Reading Time: 3 minutes

Investing in cryptocurrencies is still a very attractive option to make money. Although we are already nearing the end of 2018, the party is still young. It will take a long time before the average John Smith will know how to play “games” with crypto. But in this article, if you’ve been such a typical John Smith so far, today you can see how to start your adventure with cryptocurrencies.

Investing in crypto is definitely not a new form of gambling but as you’ll quickly notice, using exchange sites looks a bit like playing games, you predict the price of a cryptocurrency at the given moment just like at the prediction market like Fairlay which is why we decided to name this article this way. We hope you’ll easily understand our introduction on how to play games with crypto!

Step 1 – Choose exchange site

To play games with crypto – first what you need to do is to choose exchange site. In this place, you buy Bitcoins or another crypto currency available there. You simply change “real” money like dollars, euros etc. for the virtual currency.

We will not suggest specific currency changers in this article. However, remember first of all to pay attention to omitting huge fees that can “eat” a significant part of your investment.

Step 2 – Purchase

In each of the money changers, the purchase looks similar. Usually, you choose the “buy bitcoins” option and give the amount for which you want to buy them. You can choose any amount – probably when starting to play games with crypto you’ll start with a small amount, so your balance will look for example like this: 0.00456245 BTC. When you buy, you usually have many options to choose from: it can be both a transfer and a card payment. After a short time – few minutes or hours – you will see your Bitcoins (or other virtual currency) in your wallet.

If you bought Bitcoins and you want to keep them, you do not have to do anything more. However, if you want to exchange them for a different currency, read Step 3.

Step 3 – Stock exchange selection and registration

To buy another crypto – you must register at one of the stock exchange sites. Each site has different exchange rates of particular currencies, has the ability to buy some other cryptocurrencies, or has another – less or more comfortable – interface.

When starting to play games with crypto, do not worry about complex security features like Google Authenticator, or verifying your IP. They are designed to protect your money.

Choose your stock exchange site wisely by taking into consideration the above mentioned factors and doing the right research on the Internet.

Step 4 – Sending your Bitcoins

To trade a crypto – you must now transfer the previously purchased Bitcoins to the wallet assigned to your account. To do this, search your wallet in your cantor and then choose the “send bitcoins” option. Within a dozen minutes or a few hours you should have BTC on the stock exchange site.

Step 5 – Purchase of other cryptos

Once you have BTC, you find the crypto that interests you (usually on the main page using the search engine). Then, you should look at the BUY window. You put there the amount with which you want to play games with crypto and how many pieces you want to buy.

Few hints on how to play games with crypto

Remember that this is a stock exchange, so you set the price yourself, and with each exchange, you pay a fee. Therefore, it is not worth exchanging cryptocurrencies a dozen times a day.

It is worth to play games with crypto on the low rates. Looking at the graphs you see such a red, long candle and you see that the rate is lower than in the last few hours.

If you want to buy something immediately, then use the market prices, and you can even set a very attractive price, which someone will buy instantly.

You can also get familiar with trading, another way to play games with crypto. It means constant buying and selling due to reading a chart or information you get from someone.

When you buy / sell something, you have a bookmark in the stock exchange where you have your orders and transactions.

Remember that for each cryptocurrency you have different wallet address! For example, if you want to transfer BTC from one exchange to your wallet on the second stock exchange, you must use address pairs BTC -> BTC. Committing an error here can be very expensive!

How to play games with crypto? It’s still the beginning

In order to successfully invest in cryptocurrencies, you still need many skills and information, but at the beginning learn our introduction and understand the principles of registration and basic transactions. With time, everything will become simpler and simpler. We strongly encourage you to learn in practice how to play games with crypto!

Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

23 hours ago

April 22, 2024

George Miller

Payhound empowers LSports with a seamless solution to receive payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

3 months ago

February 7, 2024

George Miller

Reading Time: 2 minutes

Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year.

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013.

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature.

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

Published

3 months ago

January 24, 2024

Hunor Pal

Reading Time: 2 minutes

The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

Online Gambling Expansion
Smartphone Proliferation
Innovative Casino Products
Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

A selection of companies mentioned in this report includes