Are P2E Games Safe?

The rise of P2E games has caused a major shift in the gaming industry.

Players not only look forward to the thrilling experiences to be gotten while playing but also to making money from playing games. 

As a player, you can either use the crypto you get from gaming within the game to make more money or, better still, withdraw your earnings from your account. However, are P2E games safe?

P2E games seem like a dream come true for many players, but as exciting as it is to earn money by just playing games, you also have to be careful of some projects that are scams in the crypto space.

P2E, just like any other earning project, has also been infiltrated by cybercriminals always looking for ways to rob you of your assets. 

Common P2E Scams 

Let’s see some of the common scams these fraudsters use to gain access to your assets in the gaming space so that you know what to avoid to prevent loss.

1. Unrealistic Returns on Investment

Scammers often lure players in by making offers of unrealistic returns on investment. You should beware of offers that seem too good to be true; most times, they are traps made by cybercriminals to get access to your assets.

2. Rug Pull Scam

This is a type of scam where the players’ investment is made away with by the developers of the game, who suddenly abandon the game project and do away with the investment made by players. 

These developers often hype their game projects to attract players who make investments, only for the developers to abandon the project once they’ve made enough money.

3. Phishing Scams

A phishing scam is a technique cybercriminals use to make you reveal your private keys by using fake websites or fraudulent messages. 

Legitimate P2E games never ask for the security details of players through unsolicited messages. So, be sure to verify the source and authenticity of messages before paying heed to them.

4. Fake Games and Wallets

Another way scammers get to players is by creating fake games or wallets to steal your funds, assets, or personal information. These platforms may look legitimate at first glance, but if you take the time to do proper research, you will find out that they are fake.

Let’s look at how you can protect yourself from these scams.

5. Protecting Yourself From P2E Scams

As much as there are scammers in the gaming space, there is also a lot of opportunity to make money through play-to-earn games. So, as a player, here are some ways to protect yourself and your assets.

• Before investing in it, you conduct thorough research for any P2E project. Check official website, read reviews from reputable sources, and check out their community on twitter and Discord to gather insights from other players.
• Stick to only the well-known and reputable P2E platforms with a proven track record and active communities.
• Create a specific wallet dedicated to your earnings from crypto gaming aside from your normal cryptocurrency wallet.
• Make sure to keep your private keys and seed phrase safe.