Altcoin crash gambling explained
Let’s kick off with some basics: what does the ‘altcoin’ part of altcoin crash gambling mean? Put simply, an altcoin refers to any type of cryptocurrency except for Bitcoin. Bitcoin was the original digital currency, the first to open the floodgates to a whole new currency system. For a while, it was the only one, but nowadays, there are a lot of different alternatives for those who would like to start gambling with cryptos.
These alternatives are known under the collective name of ‘altcoins’. Initially, the term referred to popular currencies like Ethereum, Litecoin, and Bitcoin Cash. However, even these are becoming more increasingly popular, and savvy crypto-users now only use the term ‘alt’ to refer to currencies that haven’t met with mass adoption yet.
The term 'altcoin' referred to popular currencies like Ethereum, Litecoin, and Bitcoin Cash. Now, savvy crypto-users only use the term ‘alt’ to refer to currencies - like Dogecoin, Solana, Polka Dot and Cardano - that haven’t met with mass adoption yet.
Cryptos like Dogecoin, Solana, Polka Dot and Cardano fit that bill perfectly. It’s worth remembering that most BTC casinos are also altcoin casino sites as the majority of sites accept more than one crypto.
Onto altcoin crash casinos - these are gambling sites that allow you to put down real money wagers using a variety of cryptos and that also offer a selection of crash games. Still not very familiar with the latter? Worry not - a couple of goes is all it took me to grasp the basics. You’ll become familiar with the rules of the game very fast. That heart-in-mouth feeling as you watch your multiplier increasing, on the other hand, never quite goes away.
Crash games offer very simple gameplay: you just need to stay in the game as a certain object continues moving or rising until it crashes. The longer you stay, the higher the multipliers and the eventual cashout. However, if you don’t manage to cash out before the crash, you lose your bet.
Crash games offer very simple gameplay: you just need to stay in the game as a certain object continues moving or rising until it crashes.
Multipliers start at 0.0x and increase randomly or with every round until they stop randomly. Your win depends on the value of the multiplier when you cash out of the game. The nature of the object you’re following depends on the game - we’ve got airplanes, space jets, cars, cartoon characters…. Whatever strikes your fancy. I’ll be going into more detail about some of the most popular games at altcoin crash casinos further down.