Blockchain gaming tokens combine your usual online gaming experience with asset ownership. In addition to being used in-game, these tokens can be traded outside games and across different platforms.
We’ve assembled a list of the top crypto exchanges for blockchain gaming tokens, covering their strengths, supported Web3 gaming assets, and target user bases.
Key Takeaways
- Blockchain gaming tokens are utility tokens that run the economies of Web3 games.
- Aside from being available in their native games, they’re usually also tradeable on crypto exchanges.
- OKX, Binance, Kraken, Coinbase, and Bybit are all good options if you’re looking to buy gaming tokens with ease.
What Is Blockchain Gaming?
Blockchain gaming is a type of gaming that uses blockchain technology under the hood. This means in-game items exist as NFTs or fungible tokens and can be owned and traded on-chain.
It’s a market that’s set to soar in the coming years.
According to a report by Fortune Business Insights, the blockchain gaming sector is projected to grow up to $614.9 billion by 2030. For users, this likely means more blockchain games entering the market and a wider variety of earning models and opportunities.
The price of these blockchain gaming tokens individually is reliant on the market as a whole, rather than a separate in-game economy, and may also be tied to their original blockchain. That means that the Ethereum, Solana, or Cardano price may play a significant role in how much a niche gaming token is worth.
Where Can You Buy Blockchain Gaming Tokens?
You can buy blockchain gaming tokens on a variety of crypto exchanges. Here’s a look at five of the top options.
OKX
OKX is a major crypto exchange that offers spot, futures, and options trading across a wide range of crypto assets, including blockchain gaming tokens. The platform offers a number of earning opportunities, copy trading and trading bots, plus a learning center to help you navigate the ins and outs of the exchange.
The exchange is geared towards all experience levels. With features that serve many different types of users, a clean and clear interface, and many funding options, it does everything you need it to and then some.
Which Games Tokens Can You Buy on OKX
OKX lists a large number of blockchain gaming tokens. You’ll generally find all of the most popular ones, including Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA), Illuvium (ILV), My Neighbor Alice (ALICE), and many others. Note that token availability is subject to change, and listings may vary by region and over time as new projects get listed and others delisted.
How To Buy Blockchain Gaming Tokens on OKX
To buy blockchain gaming tokens on OKX, you’ll need to sign up for the exchange, pass their KYC check, and then fund your account by buying crypto with fiat or sending it from another wallet.
Then, you can use the Convert feature to swap a token quickly or find the token’s available spot trading pairs by using the search function.
Binance
Binance is another major crypto exchange that lists blockchain gaming tokens and a variety of other crypto assets. You can trade spot markets and futures and access a range of earning opportunities. The platform also caters to younger audiences, offering age-appropriate tools like Binance Junior, which is parent-supervised and billed as a “crypto app for families.”
The exchange works for a wide range of different users, although the interface can feel a bit complex for total beginners.
Which Games Tokens Can You Buy on Binance
You’ll be able to find AXS, SAND, MANA, ILV, ALICE and more on Binance. You can search your favourite blockchain tokens easily to see if they’re available. Token availability and listings may vary by location and over time as projects get listed and delisted.
How To Buy Blockchain Gaming Tokens on Binance
Before purchasing anything, you need to sign up using a valid email address, go through the KYC procedure, and fund your account. Binance also offers both fiat purchases and crypto transfers from existing wallets.
The exchange also has a Convert feature, which offers a quick way of picking up blockchain gaming tokens, or you can look for the asset you want among spot trading pairs using the search function.
Kraken
Kraken is a crypto exchange with a variety of assets, features, and trading capabilities offered, which include blockchain gaming tokens. You’ll also be able to find Kraken Pro, which is the more advanced version of the exchange with spot, futures, and margin trading, as well as earning opportunities, a Krak debit card that links to your account, and apps that let you discover new projects or gamify your trading experience.
Which Games Tokens Can You Buy on Kraken?
You’ll be able to find most of the major gaming tokens here, including AXS, SAND, ALICE, and ENJ, although ILV is a popular token that’s not listed on Kraken. Token availability can change over time and is location-dependent, so make sure to check if the asset you’re looking for is available.
How To Buy Blockchain Gaming Tokens on Kraken
Signing up for Kraken is quick, and their KYC process is relatively short. You’ll have to provide a selfie and a form of ID, then wait until verification is complete to fund your account.
Kraken’s quick swap feature, Convert Crypto, is good for checking which of your gaming tokens the exchange supports.
Coinbase
Coinbase is a beginner-friendly crypto exchange that offers blockchain gaming tokens, plus a large range of other coins and tokens.
Aside from the usual trading capabilities, including spot and futures, Coinbase also offers a subscription feature, Coinbase One, which reduces trading fees and offers a credit and debit card, staking opportunities, and some other features (like prediction markets and derivatives).
Which Games Tokens Can You Buy on Coinbase
Most of the major gaming tokens are here, including AXS, MANA, ILV, and SAND, although noticeably ENJ is absent. As with the other exchanges, token availability is subject to change, with listings varying by region and over time as new tokens get added and less popular ones delisted.
How To Buy Blockchain Gaming Tokens on Coinbase
Coinbase is one of those exchanges that often can’t be browsed without first signing up and completing the KYC procedure. However, the KYC shouldn’t take very long.
Once you’ve set up your account, you can either use the Crypto Buy and Sell feature to quickly buy gaming tokens or the Advanced Trade to find more trading options once your account is funded with crypto.
Bybit
Bybit is another large crypto exchange that lists blockchain gaming tokens among other assets. It offers spot, options, and futures trading, tools like copy trading and trading bots, some extra advanced tools for experienced traders, earning opportunities, a lending portal, and more.
Which Games Tokens Can You Buy on Bybit?
On Bybit, you’ll be able to find ILV, ENJ, SAND, and ALICE among listed tokens, although AXS and GALA are absent. Since these two are relatively well-known, it’s a good idea to double-check whether the tokens you want are available on the platform. Remember that token availability isn’t fixed and is subject to change, with new tokens regularly being added and others delisted.
How To Buy Blockchain Gaming Tokens on Bybit
You’ll have to sign up for Bybit using a valid email address, then pass their KYC check.
Then, use either Convert under the Buy Crypto tab or Spot trading under Trade to load up on the tokens you want.
So, What’s the Best Exchange for Blockchain Gaming Tokens?
There’s no one-size-fits-all answer when it comes to choosing an exchange. Each platform listed offers distinct advantages, whether in terms of features, usability, or market access, so it’s important to do your research.
The best option will depend on what matters to you most as a trader, the specific blockchain gaming tokens you are looking to buy, and your experience level and personal preferences.
