Finance

Earning with Play: Analyzing the 2024 Philippines Cryptocurrency Gaming Market

Despite launching way back in 2009, it wasn’t until Bitcoin skyrocketed from $1,000 to over $19,000 in 2017 that Cryptocurrency became popular in the Philippines. Now, the Filipino crypto space boasts over 13.4% of the population as active cryptocurrency holders, ranking cryptocurrency as one of the country’s secret ways to make money online.

With this alert, our team has highlighted the top online cryptocurrency games for Filipinos, risks to watch out for while playing, and the future of cryptocurrency gaming.

Online Cryptocurrency Games in The Philippines

On our mission to provide you with paying Filipino crypto games, our team uncovered a series of secret websites to make money courtesy of Ecasinos’s guide to the Best Mobile Games. Here are the top 5 cryptocurrency games we discovered in our search.

Book of Dead

Book of Dead is a 5-reel slot with 10 adjustable paylines. Developed by Play’N Go, this Egyptian-themed game features a 96.21% Return to Player rating and a maximum cashout of up to 5,000x the initial wager. Accepting wagers worth as low as ₱0.60 – ₱30, Book of Dead is perfect for players of all personalities, whether you are a high roller or casual gambler.

Wanted Dead or a Wild

Offering up to 12,500x of player’s initial wagers, Wanted Dead or a Wild is a Texas-themed slot developed by Hacksaw Gaming. Sporting a 96.38% RTP, this 5×5 slot offers 15 paylines and accepts wagers from ₱10 – ₱20,000.

Leprechaun Goes Wild

Featuring a 96.2% RTP, Leprechaun Goes Wild is a 5×4 reel slot developed by Play’n Go. With a high volatility rating, players can expect big wins spread across their sessions, with a potential for a 12,000x max win multiplier. Featuring 20 fixed paylines, Leprechaun Goes Wild accepts wagers from ₱12 to ₱60.

God of Wealth

Developed by FunTa Gaming, God of Wealth is a 95.5% RTP crypto game with a max win multiplier of up to 10,000x. This Asian-themed slot accepts crypto wagers worth from ₱10 to up to ₱5,000.

Aloha King Elvis

Aloha King Elvis is a 5×3 crypto slot powered by BGaming. Featuring a 94.92% RTP, this medium volatility slot gives players a fair shot at winning with occasional wins and substantial prizes. Sporting a vacation theme, Aloha King Elvis offers players a max win multiplier of 16,500x, all while accepting wagers between ₱5 to ₱2,800.

Rising Trend of Cryptocurrency Gaming in The Philippines

The pandemic saw a surge of interest in cryptocurrency gaming in the Philippines. While this movement started with Virtual games like Axie Infinity, the idea has evolved into a variety of online games for players to have fun while making a few extra Pesos on the side.

To ensure accessibility to these secret websites to make money, Joniel Bon, an IT expert in the Philippines, launched a gaming café in Quezon City. This café offers interested players access to all the secret ways to make money online with crypto gaming, whether they prefer the virtual world of games like Axie Infinity or a spin on the reels.

Despite the 2021 crypto crash, the Philippine crypto gaming industry still pulled through, proving its reputation as a mainstay among Filipinos. When asked about how his business managed to survive, Joniel Bon said;

“There was a point I had to say, ‘I believe in this.’ I had to hope,”

Challenges and Risks of Cryptocurrency Gaming in The Philippines

Despite the opportunity crypto gaming offers with secret websites to make money for free, there are a couple of potential dangers to partaking. As stated by the Philippine National Police Anti-Cybercrime Group (PNP ACG);

As well as malicious attacks, players can also lose money through volatility. Crypto game tokens are susceptible to price changes, just like non-gaming cryptocurrencies, but some games limit how often you can withdraw tokens.”

How can you tackle this? To tackle the volatility, players should convert their access to stable currencies like USDT or USDC, which have lower volatility and are linked to traditional assets.

The Future of Cryptocurrency Gaming In The Philippines

While we have pointed out some crypto games in this piece, we should point out there are still undiscovered secret websites to make money without investment in the Philippines. Besides the classic effortless titles we have featured in this alert, Splinterlands is another Crypto game to check out, especially if you are a fan of Axie Infinity.

Will cryptocurrency continue to be one of the Philippines’ secret websites to make money for free or evolve into an undisputed industry? With the Union Bank of the Philippines receiving the license to offer blockchain services, it is safe to expect increased acceptance in the country.

With this new access to an untapped region of clientele for the crypto gaming industry, the rates of players are expected to be on the rise and new integrations are to be made. All of this is already happening with the launch of virtual worlds like the Metaverse where it’s rumoured you can exchange virtual services for payments.

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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