About This Glossary
Understanding the terminology used in cryptocurrency gambling is essential for successful and safe gaming. This comprehensive glossary covers all important terms and concepts.
Coverage Areas
- Cryptocurrency basics
- Gambling terms
- Technical concepts
Benefits
- ✓ Better understanding
- ✓ Informed decisions
- ✓ Clear communication
- ✓ Risk awareness
Cryptocurrency Terms
Basic Crypto Terms
Blockchain
A decentralized digital ledger that records all cryptocurrency transactions.
Cryptocurrency
Digital or virtual currency that uses cryptography for security.
Wallet
Digital tool for storing, sending, and receiving cryptocurrencies.
Private Key
Secret code that allows access to your cryptocurrency.
Casino Terminology
Game Terms
RTP (Return to Player)
Percentage of wagered money that a game returns to players over time.
House Edge
Casino's statistical advantage in any given game.
Volatility
Frequency and size of payouts in a casino game.
Bonus Terms
Wagering Requirements
Number of times bonus money must be played before withdrawal.
Free Spins
Bonus rounds on slot games provided by the casino.
Cashback
Percentage of losses returned to players.
Betting Terms
Common Betting Terms
Stake
Amount of money wagered on a bet
Odds
Probability of a specific outcome
Payout
Amount won from a successful bet
Technical Terms
Technical Concepts
Provably Fair
System that allows players to verify the fairness of game outcomes.
Smart Contract
Self-executing contract with terms directly written into code.
Gas Fee
Transaction fee required to process cryptocurrency transfers.
Regulatory Terms
Compliance Terms
KYC (Know Your Customer)
Process of verifying the identity of casino users.
AML (Anti-Money Laundering)
Regulations to prevent illegal financial activities.
Legal Terms
Licensing
Official permission to operate a gambling service.
Jurisdiction
Legal authority under which a casino operates.
Common Abbreviations
Crypto Abbreviations
- ✓ BTC - Bitcoin
- ✓ ETH - Ethereum
- ✓ USDT - Tether
- ✓ XRP - Ripple
Gaming Abbreviations
- ✓ RNG - Random Number Generator
- ✓ VIP - Very Important Player
- ✓ T&C - Terms and Conditions
- ✓ ROI - Return on Investment