If you love gaming, you’re no doubt loving all the online crypto casinos that are now operating, as they offer so many benefits, like:
- Fast and anonymous access to a huge catalogue of games
- The usual mix of slots, table games, live dealer games and sportsbooks, but with the addition of provably-fair blockchain-native games like Plinko and Crash, which were built with crypto gaming in mind.
- Lower fees, more variety of cryptocurrencies and faster payouts.
- Better anonymity with less Know Your Customer ID verification required with crypto casinos than with traditional physical casinos (because they’re not subject to the same degree of regulation).
But if you’re new to crypto casinos or online gambling in general, you’ll find there’s a fair amount of terms and phrases to get to grips with too.
It’s really important that you understand the main lingo of crypto gaming, so we’ve created a nice, quick crypto casino glossary to get you up to speed fast and feeling extra-confident before you wager.
Our quick crypto casino glossary: the top terms you need to know
Honestly, there are endless terms out there, and you’ll always be learning in the world of crypto gaming, but these are the main ones you need to get started and work out what you’re doing!
Crypto Casinos
An obvious start to our crypto casino glossary is the casinos themselves! Crypto casinos are basically online casinos that let you play with cryptocurrencies like BTH, ETH and more. There are plenty out there, and some are far better than others.
These are all ones that we recommend because they’re licensed, fully tested and trusted by the gaming community, with clear policies and customer service on hand when you need them, not to mention independently verified games.
| Casino | Bonuses | Key features | Supported Crypto |
| betpanda | No deposit bonus for new players. plus 100% up to 1 BTC / 10% weekly cashback | 5,000+ games & sportsbook Lightning withdrawals VIP rewards | BTC & others |
| cryptorino | No deposit bonus for new players. 10% weekly cashback | Massive range of games & sportsbook Very little KYC Provably fair games | BTC & others |
| cybet | No deposit bonus for new players. Tournaments and VIP rewards | Huge game library and sportsbook Smooth payouts VIP rewards. | BTC & others Cybet Promo Codes |
| lucky-block | No deposit bonus for new players. New player 200% match, up to €25,000 + free spins | 4,000+ games and sportsbook Lightning withdrawals Minimal KYC for privacy | BTC & others |
| mega-dice | 200% welcome bonus (up to 1 BTC) & 50 free spins | Full casino and sportsbook Very little KYC for privacy $DICE system for access to advanced features | BTC & others |
Promo Codes
You’ll see promo codes everywhere at your favourite crypto casinos. They’re basically the deals and offers you’ll receive to play, and they’re often shared as alphanumeric (a mix of letters and numbers) codes that might be bespoke to you if the offer is individualised, or general and for everyone in a ‘who can get to it first’ free-for-all!
The key to using a promo code successfully is to follow some sense-check steps, which we’ve covered in detail in our recent blog: Mistakes to avoid when using crypto casino promo codes
Wagering
Wager is the official term for a bet or stake, and it refers to the amount of money you put down to play any game at your chosen casino, whether that’s Limbo or the slots. You’ll see wagering requirements mentioned too in the terms of casino bonuses, and these mean you need to put a certain bet down to make use of a code.
Our advice? Start small and go slow, especially with promos, as some can require large wagering, and you risk losing your bankroll all at once if you don’t know what you’re doing!
Cashback
In gambling, cashback is a refund that you get if you place a losing bet. It’s used as a promotional tool to mitigate your risk and provide a bit of a safety net (although keep your head screwed on because cashback is likely to only be a small percentage of what you wagered).
Crypto casinos obviously don’t have physical premises, and this means they’re cheaper to run (they also aren’t regulated in the same way as physical casinos, so they don’t have the expense of meeting tighter legislation). This means that when you see a cashback offer, it’s probably going to be coming from a crypto casino.
RTP
RTP means Return To Player, and it’s basically a theoretical return, or average, that a big group of players might expect to win over a long period of time. So maybe you’ve seen a slot with an RTP of 97%? This means the house edge (or profits) is 3%, and you could theoretically get 97% of your funds back over time.
The key thing here is remembering that RTP is basically just a tool – not a guarantee. It’s just a theoretical long-term average measured with a huge pool of players, so your own experience will be very different. You might win less, and you might win more. It’s definitely useful, though as a quick way to compare different slots.
Wallets
Digital wallets are how you store your cryptocurrency online (if it’s not in cold storage), and you’ll also use your digital wallet to send and receive your chosen cryptocurrency. Always keep your wallet details private and secure, and when you send money to a casino, copy the wallet details very carefully. If you make an error in the address, you may never see your precious funds again!
Volatility
Volatility is there to explain to you how slots payout. When developers are building a game, they work out how often they want wins in the game to happen, and how much they want them to payout. They code this into the game structure, and this becomes the volatility. Think: higher wins + less often + high volatility, and lower wins + more regularly + low volatility.
We hope you found this crypto casino glossary helpful. Did we miss anything?