Bitcoin Gaming

It seems like an odd concept where Bitcoin is given away to users considering we’re so used to giving away details via logging in with Facebook and Google and having to pay to play with traditional mobile games. 

Also, with the HODL mantra of many, it can feel like these companies are making a mistake giving sats away but the aim is to get Bitcoin in to as many hands as possible if hyperbitcoinization is to be achieved and Bitcoin becomes the global medium of exchange.

However, a lot of the revenue from the Bitcoin gaming companies come from sources such as in game adverts, referral links, mining, in-game microtransactions and partnerships with other brands to name a few. This helps them stay afloat in the meantime.

There is a lot of collaboration happening in the Bitcoin space due to the open-source nature of the network so it’s in everyone’s interest to support companies looking to leverage the Bitcoin network for an industry as booming as gaming.

It’s likely that you will need some log-in info to download and use the gaming app as these tend to be on Google Play or Apple Store. Unless you are a coder who knows how to use github and install all the source files for the game on a smartphone you’ve built, you are still relying on using a 3rd party.

This reliance on a 3rd party also means that the gaming app may not pay out your sats on time or can simply withhold funds as you don’t own the keys to the wallet. It’s unlikely to happen as gaming companies with good intentions will want to stay in business but you never know.

Another thing to be wary of is if the games get hacked and any new updates cause damage or ransomware attacks on your phone. That’s the same with any game but it could be more likely to happen as Bitcoin gets more popular.

As always, do your own research on the gaming company and check reviews from others to see if they are legitimate. We have curated a list in the section below but as a disclaimer, these are not endorsements and we aren’t responsible for the companies if something goes wrong. 

Bear in mind, it will take time to build up a sat pile so this is not a “get-rich-quick” process and you will likely need to register with an exchange to claim your sats once you have redeemed them – check with the app for more information.

In time, we will independently review the games ourselves on TBM.