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Crypto Gambling Glossary

FAQ
Q: What is Cryptocurrency in simple words?

It is a form of digital-only currency with no physical counterpart. It utilizes blockchain technology to achieve transactions peer to peer, without intermediaries.

Q: What are the top 3 Cryptocurrencies?

The top 3 cryptocurrencies at the moment are Bitcoin, Ethereum and Tether USDT. Bitcoin has approximately 2.5 times larger market capitalization than Ethereum and Tether is far behind with less than 100 billion market cap.

Q: Is it safe to bet with cryptocurrency?

Yes, it is absolutely safe, provided you play in trusted bookmakers and you pay attention to your security practices whenever you make a transaction or store your cryptocurrency

Q: How do I use Bitcoin for sports betting?

It is not that complicated. First, purchase some Bitcoin from a trusted exchange. Then you need a digital wallet to store it. From there, register at a Bitcoin Sportsbook and send your Bitcoin. After that, you use it the same way you would place your bets with fiat money.

Q: What is crypto terminology?

Crypto terminology is the set of terms that are used within the crypto field and community to describe features, actions and assets within crypto, as well as technical jargon from programming and finance.

Q: How does provably fair gambling work?

Provably fair is achieved by using an algorithm that works on the blockchain and provides visible odds for every outcome. This eliminates the need for a third party to audit the outcomes for possible tampering by the operator simply because everything is visible on the blockchain. Provably fair allows for a more transparent, trusting relationship and less scrutiny between the player and the operator.

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