This is how you buy xbox video games with cryptos - Ultimate Guide

Ambar Jimenez

2022-11-01 09:12:15

Undoubtedly one of the most passionate and demanding groups of people is the gaming community. With such enthusiasm to meet, companies in the gaming industry are always trying to innovate and provide new breakthroughs. This is where blockchain technology and gaming combine.

When cryptocurrencies like Bitcoin and Ethereum gained traction, giants of the video game world like Microsoft, PlayStation, Steam, Gamesplanet, and Twitch, amongst others saw an opportunity. It didn't take long for them to recognize how large the cryptocurrency markets are becoming and how much potential they hold. Today, if you're a gamer, you can buy video games using cryptocurrencies. In this guide, we cover how you can buy Xbox Video games with crypto along with what crypto casinos are and how they work.

Ways of buying Xbox video games with cryptos

There are two ways through which you can buy Xbox video games with crypto. One is through crypto payment service providers like BitPay, and the other is through your crypto wallet. Below, we have discussed them in detail.

1. Using BitPay

A crypto payment service provider is similar to a regular payment processor in that it accepts digital currency payments and converts them into fiat money. Right now the most popular crypto payment service provider is BitPay. With the Bitpay app, you can get a BitPay card. This is a form of crypto debit card that you can use to buy games, music, movies, and other content.

The BitPay app and card are available in the USA, while residents of other countries need to apply for it. If you are buying with the BitPay card, customers simply load their BitPay Card with Bitcoin or another cryptocurrency. This card acts as an ATM card and allows you to spend crypto like dollars. This way, you can purchase Xbox games. Keep in mind that BitPay charges a processing fee on all card transactions.

As not every major retailer accepts crypto yet, Bitpay has found a way around this. Using the app, you can purchase gift cards for major brands using crypto; you then spend the cards as you please, Xbox games included.

When you find a retailer that you would like to purchase from, you can add the gift card to your BitPay account. Once you have added the gift card, you can choose to pay with your credit or debit card. After payment, the gift card will be delivered to your BitPay account. This way, you can then use the BitPay app to purchase Xbox games.

2. Pay directly from a crypto wallet.

Another way to buy Xbox games with cryptocurrency is to pay directly from a crypto wallet. For example, Blockchain Wallet and Coinbase Wallet. To buy Xbox video games with your crypto wallet, simply find an online store that accepts cryptocurrency as a payment method.

Some online stores may require you to verify your identity before you can make a purchase. This is to prevent fraud and protect both the seller and the buyer. Once you have made the payment, the online store will send you the game codes. You can then redeem the code on your Xbox and start playing the game.

Gaming companies that accept cryptocurrencies

The number of gaming companies allowing direct purchases through cryptos is increasing. There are several gaming companies that are now allowing gamers to buy Xbox video games through crypto either directly or via BitPay. Some of these include Blocklete games, Gamesplanet, Twitch, Microsoft Store, and Playasia.

Crypto Casinos

Today, you can use cryptocurrencies to play in online casinos. This is a convenient and safe way to gamble. There are many cryptocurrencies to choose from and different casinos use different cryptocurrencies. All you need is a wallet to store your coins in and an account with a casino that accepts the crypto you want to use.

When using cryptos in casinos, withdrawals are instant. This is convenient and efficient as you do not have to wait for your funds to clear. If you're looking for a new and exciting way to gamble, then playing in a casino with cryptocurrencies is a great option. You can check the best crypto casinos at cryptocasinos247.com.

How crypto casinos work

Crypto casinos are online casinos that use cryptocurrencies as their primary means of payment. These casinos work just like any other online casino, but all deposits and withdrawals are made using cryptocurrencies. Before creating an account with a crypto casino, check whether they accept the coins you want to play with.

Pros of Crypto casinos

A crypto casino offers a few advantages over traditional online casinos. For one, they are more secure. Crypto casinos use blockchain technology to secure player data and transactions.

Another advantage of these casinos is that cryptocurrency transactions are far faster than standard fiat currency transactions. Crypto transactions are usually done in minutes. Other payment options may take days to complete transactions. In comparison to conventional payment systems, crypto does not require a third party to approve transactions, which saves time. This means, players can enjoy faster payouts, which is always a bonus.

Finally, crypto casinos tend to offer lower fees than traditional online casinos. This is because they do not need to comply with the same regulations as traditional casinos need to.

Cons of Crypto casinos

One main disadvantage of crypto casinos is the volatile nature of cryptocurrencies. The value of cryptocurrencies can fluctuate wildly, which means that the value of your gambling chips can go up or down sharply.

Secondly, unlike most conventional payment systems, which allow you to cancel payments or transactions in the event you transfer too much money or to the wrong address, crypto payments cannot be stopped or reversed.

FAQs

The following FAQs will help answer any remaining questions you may have about using crypto to buy Xbox video games.

Are there play-to-earn Xbox games?
Yes. Some of these games include Assassin's Creed Odyssey, Doom Eternal, Grand Theft Auto, and Fallout.

Is there a refund policy for Xbox games bought with cryptos?
Yes. You can get a refund within 14 days of purchase if you have not started playing the game.