How to buy Yield Guild Games (YGG) in 2022 [Binance]

When we are talking about ultimate innovation in the world of crypto projects, Yield Guild Games (YGG) stands above the rest. YGG operates on a decentralised autonomous organisation, in short DAO.

Decentralised systems are open communities whereby users have a collective ability to govern crypto systems. The main aim now is that YGG holders obtain resources to yield power.

Yielding takes place in blockchain based games. Variety is the order of the operation for blockchain. Check out exciting games like Axie Infinity and Decentralised revolve.

Remember, these games are in built and unique at the same time. For ease of access and execution they can be stored as Non Fungible Tokens (NFT) which is a good thing really looking at how NFTs have become giant’s in the crypto sphere.

Expect high price tags like Axie Infinity NFTs which are currently selling at $1 million. What is the major objective of YGG? Well, developers objective was to provide purchasing power so that users are able to buy, rent and sell digital assets when the price looks good. This is a great opportunity for traders with little capital to gain profit through lucrative market. Wealth is surely shared and no one is a loser.

Quick guide on purchasing Yield Guild Games

We will use Binance as our example because of its sheer reputation in the crypto sphere. Since it’s inception in 2017, Binance has been the ideal platform to buy and store various cryptocurrencies. Let us look at the initial step. Remember, buying with USD is not yet permitted in some parts of the world.

1. Create your free Binance Account

Creating a Binance account is one of the easiest steps in the crypto world. It’s free of charge and users can spend not more than 5 minutes.

2. Account Authentication

Verifying is mandatory because it is an abiding step between you and the platform. Authentication involves 2FA verification process which secures all your personal details and digital assets. Binance will ask for your national ID or a passport for an official identity confirmation.

3. Buy YGG

As soon as your account is in place, reach for Binance exchange which allows pairing of Yield Guild Games (YGG) tokens. This is important because because you get to assess values of different pairs. Binance is very explicit when it comes to currency pairs and users can actually view different valuations.

Binance is the best place to buy YGG and luckily for users they can do so with credit cards, with debit card or with PayPal.

Exchanges to buy YGG

Gate.io

Gate.io is a more ideal exchange that has a lot of guarantees. The most fantastic feature of Gate.io is the user interface. Very friendly to beginners and they can actually move up the charts to become specialists and professional technical traders.

Gate.io was launched in the year 2013 and from then it has been creating a huge base of altcoins for many users. You can easily maneuver in the market with Gate.io. For those trading in the USA, this is the best choice.

Step-by-step Buying Guide

  • Sign up for an account
  • Complete the KYC verification process
  • Fund your wallet
  • Choose a trading pair and buy

Binance

Binance has been dominating the scene. One of the biggest advantages offered by Binance is that of lower fees. Exchanges charge little while users enjoy high liquidity charts that make possible instantaneous purchases and selling in a moving market.

Luckily, many countries across the world allow Binance operation on THORChain, these include Australia, Singapore, and the UK while those from the USA are barred. Though Binance is barred from the USA, it still maintains large customer bases in many countries across the world and it looks highly probable that it will grow so huge to disband any form of competition.

Step-by-step Buying Guide

  • Create an account
  • Complete KYC process
  • Add funds to your wallet
  • Buy your crypto

Crypto.com

This exchange is about 5 years old, having been launched in 2016. However, in such a short space of time, it has managed to gain a great reputation and become a trusted platform worldwide. On the platform, you will be able to trade cryptocurrencies conveniently due to the various services on offer.

On the platform, you can buy 100+ cryptos at true cost. Not only that, but you will also be able to manage your visa card offered by the platform, earn interest on your crypto, make crypto payments, and so much more. Another great feature is that the company has a non-custodial DeFi wallet. As a result, you retain full control of your private keys.

Step-by-Step Buying Guide

  • Sign up on the platform and provide your ID and selfie for verification
  • Fund your account
  • Tap on the Trade button
  • Click Buy, and then your chosen crypto. This lets you choose your preferred coin
  • Add your card and follow the secure link provided

How Yield Guild Games project is different

Revenue flow principle

The system is unique and easily understandable. Revenue flow emanates from leveraging YGG owned Non Fungible Tokens.

Leveraging is pursued through a specific rental setup. How does the rental system work? Well, users utilize obtained assets and swap them for a piece of in-game rewards which are then transfered directly to Yield Guild Games.

Revenue is also created by officiating economic tasks which are part and parcel of the gaming land. It’s pretty clear that revenue and profit flow in YGG is very odd but uniquely interesting. As the economic gaming world gathers a lot of ground NFT owners will also gain a lot.

Play to earn

This defining feature is also experienced by many users of YGG. All there is to do is take part in in-game tasks and receive meaningful tokens.

Things to consider before buying YGG

Developers

Its very important for guarantee to search on the real creators of Yield Guild Games. You get to obtain a clear picture of what motivated the creation and where the project is going in terms of in-game crypto participation.

Competition

Competition is not only good for the company but for the client or user. This means that traders have a wide angle of what in-game activities and revenue flows entail. You get to differentiate and broadly see why YGG is the best.

Commercial partnerships

Commercial partnerships are economically ordeal. They bring in new features and progressive business ideas. Make sure that you are uptight with YGG news to keep record of any partnership shift.

What the token is used for?

This is an important factor to consider. YGG are very valuable on the market at the moment and users should utilize this chance to get the crux of its use.

Emanating from a subDAO system conjured on in-game activities, clinching YGG tokens is the only thing at the back of every user. The only question now is searching on what the token is used for.

Where to store YGG token

Storage is very pertinent and users of Yield Guild Games (YGG L) should respect the differentiating line between hot and cold wallets. Let us look further.

Hot wallets

Hot wallets also known as online storage platforms are good for day to day instant trading of crypto. Examples include cloud based wallets and browser wallets. They are not ideal for long term storage of digital assets and personal details. This is simply because of their high rate of vulnerability due to internet connection. Though chances of hacking are high, hot wallets are simple, convenient and fast.

Hardware/Cold wallets

On the other end of the table are hardware or cold wallets. They are offline storage platforms with exceptional encryption systems. Examples include Trezor, Ledger and Keepkey. Hardware wallets are very ideal for long term storage of digital assets though they are hefty when purchasing.

Paper Wallets

These are not really deep into asset storage but are more focused on accessing. Paper wallets are very basic and original.

Security considerations

Make sure that you purchase a hardware wallet from an established producer.

Privacy and security tips

Use secured internet

Do not use public domain internet when engaging with in-game activities of YGG. This is important because public domain networks attract a lot of virus and scammers who would do anything to jeopardize your account.

Use Home based VPN network because it was perfectly designed to guard trading history and keep track of account settings.

Desist from “Phishing”

Have you ever noticed weird pop up links, emails and message whenever ever you connect to the internet? When you come across such pop ups do not tap because scammers are using them to maneuver through your device. This tip is equally important in protecting YGG network.

Change password regularly

Changing a password from time to time gives an edge of safety. Hackers are on the loose and they are trying to maneuver through accounts tirelessly. Changing passwords is important because you are always on shift mode making life difficult for hackers.

Do not share passwords

You are probably wondering how can you share your private password with someone but we mean multi tasking passwords. A recent test shows that majority of USA crypto tradersĀ  share passwords with social media accounts and banking accounts. This is a deadly move when it comes to account safety. Hackers are able to track and create a sound link between password selections.

Update software

Either you are using an iOS/Android desktop or mobile deviceĀ  there is prime need of updating software. Outdated software drags internet connection.

F.A.Qs

How Is the Yield Guild Games Network Secured?

Remember, YGG is constructed on a subDAO which allows execution of in-game activities. Through the use of a multi signature system digital assets are purchased and kept by a set treasury from YGG. This ensures maximum security and protection.

Is it proper to use other exchanges other than Binance?

Its possible because Binance is not the only exchange with YGG coverage. Binance has a lot of reputation as compared to other exchanges but that does not make it a solo option.

Which are the best games available for execution?

Axie Infinity and Decentralised revolve are the most accessed games. With these, users are able to come up with audible assets.

Conclusion

With a single token rendering around $5.39, users are in for a cool Yield Guild Games experience. YGG has been made better and translations have been transformed. The simple valuation per token is a clear sign that YGG is in the game, not backing out any time soon. Now that you know where to buy YGG tokens, waste no time in participating in in-game activities because platforms are open for everyone.




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