Crypto Slang: 20+ Phrases Every Player Should Know

Whether you’re a normie or a cryptobro, chances are you’ve heard crypto slang—a word or phrase that has left you googling its meaning. The world of cryptocurrencies is growing, and day by day, new words are minted and added to the crypto vocabulary.

WAGMI, IFYKY, and rekt are just some of the terms that every crypto user, be that in crypto casinos or trading, has encountered at least once. If you don’t understand them, don’t worry—you’re not alone. Many casino players have stood at the same threshold, which is why we created this simple crypto dictionary.

From acronyms to full phrases, below we cover over 20 of the most used crypto slang terms every crypto casino player should know.

Crypto Slang: Popular Acronyms Explained

Let’s start at the top—acronyms. In the crypto world, BTC acronyms are everyday talk. We listed 8 that can help you blend in with the crypto crowd.

GM

Go into any crypto community, on any platform (X, Discord, Reddit), and you’re sure to see GM. Usually added in a post, GM means Good Morning. It’s not exclusively a crypto term, but many have adopted it as a way to express positivity and wish luck to all their followers.

It’s often used to bridge cultural differences and build connections—regardless of where you are in the world, what culture or time zone you’re in, GM lets you know that others are working toward the same goal as you.

FOMO

You’ve definitely heard this one outside of crypto—Fear Of Missing Out. FOMO first showed up in 2004, but it grew as social media connected people. This acronym is used to express anxiety about missing out on something. So what does FOMO stand for in the crypto world? It’s the fear of missing out on a good coin, leading many to make hasty decisions.

DYOR

Everyone agrees that before you buy a coin and use it in your favourite casino, you must DYOR—Do Your Own Research. This crypto slang is there to remind you that you shouldn’t blindly go into a buy/sell, regardless of what others are saying. DYOR! Check the project, research, and analyse it before you buy in.

LFG

The LFG meaning in crypto is the same as its everyday use—Let’s Fu**ing Go! A rally call or a shout of enthusiasm, many use it online to push people into action when needed, be it because of a market surge or simply as motivation.

FUD

If you know marketing, then you’ve heard Fear, Uncertainty, Doubt, or FUD for short. But what does FUD mean in crypto? FUD describes the negative perception of a crypto project. It can be used to manipulate the market and make people give up on an asset. FUD and FOMO are opposites—when the market crashes, FUD spreads like wildfire; when the market rises, FOMO is at the forefront.

NGMI/WAGMI

An acronym often used to describe doubt about the future success of a project, the NGMI crypto meaning is more than that. Not Gonna Make It is also often used to ridicule people who believe the crypto world is going to fail, or used when someone makes a bad investment.

Sometimes, you may even see people using it in a joking way, such as “Sold your coin at a loss? Congrats, you just joined the NGMI club.”

On the other hand, WAGMI is more positive. Standing for We’re All Gonna Make It, WAGMI means positivity, spreading confidence in a project. It basically pumps up everyone, lifting their spirits for the future.

CT

What does CT mean in crypto? It’s short for Crypto Twitter. This is the platform for crypto enthusiasts, where players can find huge crypto communities with information on everything. Twitter (now X) has the latest news and developments in the blockchain world, sometimes even about the best crypto casinos and the most valued coins in them.

JEET

JEET in crypto means Just Exit Early Trader, and it often implies a loser. It’s used to describe someone who scares too easily and sells all of their assets in panic, even if the gain is too small. JEET is very similar to FUD—even at the slightest drop in the market, a JEET would immediately exit.

BTC Slang: Words & Sentences

It’s not enough to know the acronyms. If you want to play in a crypto casino and follow the coin’s rise and fall, you should also know the following crypto slang terms.

Based

A common question among crypto enthusiasts nowadays is “What does based mean in crypto?” First used in 2010, coined by rapper Lil B, based was used to mean staying true to yourself. It later transitioned to a comment of approval and stuck in right-wing circles. However, today, many add a note of sarcasm to the word.

In the crypto world, particularly, many are still not entirely sure of its correct meaning. According to Jessee Pollak on Twitter, it’s used to describe confidence in your actions despite what others say (something similar to its initial meaning).

Ape

What does ape mean in crypto, you ask? Ape or apeing basically means to jump into a crypto buy (usually of a new token) without DYOR. “He aped into it” is a phrase you may see very often used online.

Moon

This word is a common occurrence in the crypto community. It means a coin is about to skyrocket. The verb mooning is used to let others know that a certain digital asset is going to the moon. Sometimes, you may even find questions like “When moon?” asking for the best time to sell the coin before it flops.

Degen

Short for degenerative, degen is one of the crypto words that are very often used in the casino circles as well. It refers to high-riskers, A.K.A., players who like a bit of adrenaline while trading. Because of this, it’s very similar to gambling; hence, many crypto players are often called degens.

Bagholder

A bagholder is someone who holds their coins despite the continuous drop in their value. Generally, these people believe their luck will turn, so they keep their crypto even though they can’t use it in casinos, shops, or anywhere else.

BTC Maximalist

The name says it all—these people believe Bitcoin is the ultimate crypto. The rest can’t come close to it, which is why they stock up and trust only BTC. At the beginning of the crypto casino surge, many casino players were Bitcoin maximalists.

Shill

What does shill mean in crypto? It’s a term given to someone who tries to upsell a coin simply because they have a certain gain from it. Influencers are often called shills because they’re shilling, i.e., promoting a coin to get more people to invest in it.

Cryptobros

The cryptobros’ meaning is quite simple. A cryptobro is someone who is an enthusiastic crypto supporter. They follow everything new happening in the blockchain world and are always first to show up for every crypto info. However, recently, this crypto slang has more of a derogatory meaning. Often used in a negative way or as a stereotype, it describes people who “devote” their lives to crypto and talk about nothing else but crypto.

Normie

A normie is someone who knows little to nothing about the crypto world. These individuals may be interested in digital assets but don’t fully understand the underlying technology. They’re also called “noobs” or “newbies”.

No-Coiner

If a normie knows something about crypto, a no-coiner knows nothing. They entirely dismiss the idea of cryptocurrencies, don’t trust the industry, and don’t believe it can work in the long run.

Pump and Dump

This BTC slang is used when a group of people inflate, i.e., pump the price of a coin, just to get it to a certain limit where they can cut it, i.e., dump it on the market and get the profits. It’s essentially market manipulation, which is why many in the crypto community condone it and call it out.

Rekt

Rekt is short for wrecked. It’s used in situations when you suffer a huge loss and have your whole portfolio rekt.

Diamond Hands

Diamond hands is a term similar to bagholder. The difference is that it has more of a positive connotation. It refers to someone who holds their assets even when they’re drowning, showcasing their belief in the coin.

Whale

A word often used in the financial world, a whale is someone who holds the majority of the assets. In crypto, it’s someone who has the largest amount of a certain coin.

Final Thoughts

If you’re playing in a crypto casino, then the crypto words above can help you navigate the crypto community and speak the “language” with ease.

Betting with digital coins requires a certain understanding of the blockchain, so we’re sure this simple dictionary will come in handy and streamline your gameplay!