There are many variables to consider when purchasing cryptocurrencies, including the protocol and location. More work is required to acquire some cryptocurrencies than others. One of them is a game coin. The extensive ecosystem of Coinbase currently does not support Game Coin. You can still find ways to acquire Game Coin. To stay informed about Game Coin and receive notifications when it becomes available on the Coinbase app, sign up with Coinbase.
To purchase GameCoin (GME) on the majority of the cryptocurrency exchanges, you will already need to have To trade with and use either Bitcoin (BTC) or Ethereum (ETH). The good news is that using your credit card or bank account, you can easily buy cryptocurrency at Coinbase.
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How To Buy Gamecoin?
1. Setup Your Coinbase Account
Although you can create an account with Coinbase using their website, their iOS (iPhone) and Android apps are the simplest to use for account management.
Visit their website first, as that is what you must do.
When you arrive at their website, you must fill out the get started box with your email address. As you’ll use this email address to log in and manage your cryptocurrencies, make sure it’s one you have access to as well as one you consider to be the most secure.
A pop-up window should then appear asking you for a few additional account information, including your first and last name, confirming your email address (which is extremely annoying because it can occasionally appear blank), creating a password, and the state in which you reside. To create an account, you must also be at least years old.
You’ll Need To Purchase Another Cryptocurrency First (bitcoin, Litecoin, Ethereum) Before Gamecoin (game)
The only drawback to paying in USD for GME is this… Purchasing GameCoin is currently not supported by Coinbase, but don’t worry. All of this effort won’t be in vain. We promise.
The next step is to simply buy a different cryptocurrency and then send it to an exchange that currently allows trading GME.
Since it is the most widely used trading pair, it is safest to buy Bitcoin using USD on Coinbase.
We’ll need to buy one of the exchange’s supported currencies that are also supported by Coinbase once you’ve set up your account at another cryptocurrency exchange and have the wallet ID for your particular currency.
The process of buying a cryptocurrency through Coinbase was just as easy and straightforward as opening an account overall.
All you need to do is click on the “Prices” option in the top menu bar and you’ll see a list of all the supported cryptocurrencies on Coinbase.
You can either scroll to GME or type it in the “Search all assets” box.
2. Make Your First Purchase Of Bitcoin Or Ethereum
Coinbase, as I stated at the outset of this guide, makes it very simple to begin investing in cryptocurrencies. To buy a currency, all you have to do is go to your BUYS pages and make your selection.
Because the cryptocurrency market is so unstable and I’m not a licensed professional, it will be up to you to choose which one to invest in based on value. What I can tell you is that most exchanges that offer GameCoin (GME) investments will let you pay with Bitcoin (BTC).
Set a budget for your investment. It is expressed in dollars. Keep in mind that you only need to invest a portion of a coin; a full coin is not required. Knowing this will actually assist you with your upcoming cryptocurrency investments.
Next, choose your funding method, such as a credit card.
3. Use Your Bitcoin Or Ethereum Investment To Purchase Gamecoin
It’s time to use your investment from Coinbase to buy GameCoin (GME).
You will need to transfer your BTC or ETH investment to another cryptocurrency exchange because Coinbase only allows the purchase of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Although it may sound painful, this is actually not.
Several cryptocurrency exchanges, such as, currently offer GameCoin (GME) for purchase.
Should You Buy Gaming Currency?
Gaming coins are a risky investment, even in cryptocurrency. Although many of them experienced extraordinary success in 2021, the blockchain gaming market as a whole fell off after that, and several well-known projects experienced losses of 80% or more from their previous highs.
The future of gaming coins is thus very hazy, to put it briefly. Blockchain-based virtual worlds and games have a lot of potentials, but they still lag behind the video game industry in terms of development. Even if blockchain gaming is successful, it’s impossible to predict which, if any, of the existing games will endure.
Cryptocurrency stocks are a good option if you don’t want to invest a lot of time in gaming coins or if the risk worries you. You could also stick to some of the market leaders, such as Bitcoin (Compared to smaller cryptocurrencies, Bitcoin (CRYPTO: BTC) and Ethereum are typically a little safer, though they are still risky and volatile.
The conventional advice to conduct research is more crucial than ever for those who choose to pursue cryptocurrency gaming as an investment opportunity. Gaming coins are brand-new, so they don’t yet have a proven track record. To make a wise choice, take your time learning about the services they offer and their objectives.
