Best Bitcoin Lottery Sites
There are many types of online lottery players can enjoy. The Bitcoin lottery doesn't differ much from standard lotto games, as they all come down to the same thing — you need to select some numbers and hope they are called during the draw. But, of course, the more numbers you get right, the bigger the chances of receiving a lucrative reward.
In this guide, we'll share some of the leading online casinos that are technically Bitcoin lottery sites. Moreover, we'll explain how the crypto lottery works and what you need to pay attention to when playing it. Finally, we'll answer some of the most commonly asked questions about Bitcoin and crypto lotto in general.
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What is a Crypto Lottery?
A crypto lottery is similar to the traditional lottery concept. Players need to pick numbers and take part in the draw where they can win lucrative prizes. The only major difference is that you need to use your cryptocurrencies to buy lottery tickets. In most cases, this crypto is Bitcoin, but other cryptos might be accepted as well, depending on the platform you select. However, this game's most popular payment method is bitcoin; therefore, you'll mostly find it online as a bitcoin lottery.
How Does Bitcoin Lotto Work?
Bitcoin lotto is the most popular type of crypto lotto simply because Bitcoin is the most widely accepted cryptocurrency in the world. To take part in it, you first need to obtain BTC and store it in your wallet. Next, you need to select one of the lotto Bitcoin options featured on this site and open an account. After that, you might need to make a deposit to the casino of your choice and select one of the available lottery apps to start playing the game.
How Legit Bitcoin Lotteries Are
There are many different lottery Bitcoin platforms available. Some of them are licensed and regulated, while others aren't. They have licenses from international regulators and are widely regarded as offshore sites in most cases. If you decide to select a BTC lottery site on your own, make sure that it's safe, secure, and trustworthy.
What Is Bitcoin Lottery Mining?
Bitcoin lottery mining is just an approach to mining that revolves around the element of chance.
Namely, Bitcoin miners have powerful rigs that solve complex algorithms and help run the Bitcoin network powered by blockchain technology. Nowadays, miners have rooms full of mining rigs dedicated only to this cause. The better their rigs are, the more chances they will receive a reward for mining.
Many people decide to become miners with their ordinary devices or really small mining rigs. As a result, their chances of actually solving the algorithm first are so small that it's very similar to a lottery. Still, it is more likely that you will win a prize if you enter the standard BTC lotto instead of dedicating your computer to the Bitcoin network.
Bitcoin Lotto Prizes and Odds
Players can bet on all kinds of lottery Bitcoin games and even take part in a free Bitcoin lottery. All of these games come with different prizes and odds. Some lottery games have huge jackpots; however, there is very little chance of winning the jackpot in most cases, meaning you'll need plenty of luck to score big. On the other hand, certain Bitcoin lottery games feature ordinary prizes that you have a real shot at winning.
Finally, many Bitcoin jackpot lottery games also offer non-jackpot prizes for guessing at least some numbers right.
Benefits of Playing Bitcoin Lottery
Here are some of the main perks of choosing a Bitcoin lottery game over standard lotteries:
- They are available everywhere in the world.
- There are many of them.
- The prizes can be huge.
- Bitcoin provides security.
- Transactions are instant.
Pros and Cons of Bitcoin Lottery Sites
After playing many Bitcoin lottery games, we created a list of all the significant advantages and disadvantages of the BTC lotto. So let's check them out!
- It's available around the clock
- You can access games worldwide
- There are no complex rules
- Tickets are easy to obtain
- Many lotteries are available for mobile devices
- Plenty of them is provably fair, meaning you can access the underlying code
- Winning huge jackpots is low, like with any big lottery
- Many BTC lotteries are not regulated
How to Enter the Bitcoin Lottery
Here's a step-by-step overview of how you can join a casino that will allow you to buy Bitcoin lottery tickets:
- Select one of the best Bitcoin lottery sites featured on this page and visit it from your browser.
- Find the registration button and become a registered member on the site.
- Go to the cashier section and select Bitcoin as a way to deposit your funds onto the platform.
- Find a Bitcoin lottery game that you like and buy tickets.
- Wait for the draw and have fun. If you're lucky, you might win the Bitcoin lottery!
Bitcoin Lotto Games Variety
The Bitcoin lottery comes in all shapes and sizes, but we've narrowed the available options to three main types: conventional lottery, provably fair lottery, and third-party software provider lottery.
With this type, the numbers are copied from a conventional lottery, such as Powerball. However, you'll still get to use Bitcoin to buy tickets, and your prize will be paid out in BTC. Unfortunately, the sites offering you to take part in Bitcoin Powerball or other conventional lotteries are usually not regulated and are borderline illegal, meaning there's plenty of room for scams. That's why we advise you to avoid the traditional lottery that lets you buy tickets with BTC.
In this type of BTC lottery, the numbers are determined by a random number generator. However, the game uses provably fair technology, which means it's 100% backed by cryptography, and players can check the outcome for fairness. In addition, all data is available publicly, making this type of lottery the most transparent and trustworthy.
Third-Party Software Provider
Instead of the numbers being drawn on a Bitcoin lottery site, this type of lottery uses a third-party software provider for drawing. As a result, this kind of BTC lotto is pretty different from the previous two. In fact, it mostly resembles keno, which is often regarded as a version of the lotto with winnings based on fixed odds.
How to Calculate the Chances of Winning the Bitcoin Lottery
The chances of winning the lottery are difficult to determine, as many factors influence the outcome. However, we've decided to try it using the most common format, featuring 49 numbers, which requires you to guess six to win Bitcoin online lottery. Here are the odds:
- All 6 matching numbers = 1:13,983,816
- 5 matching numbers = 1:55,492
- 4 matching numbers = 1:1,033
- 3 matching numbers = 1:57
How to Increase Your Odds in Bitcoin Lotto
Unfortunately, once you purchase the Bitcoin lottery tickets, you can only hope to be lucky enough to win. Unfortunately, there aren't any secret strategies that can increase your chances.
Regular VS Bitcoin Lottery
The main difference between the two lotteries is that the regular one uses fiat money, whereas the Bitcoin one is based on BTC. It's important to point out that BTC lotteries have different formats, so we cannot really compare them to their regular counterparts. However, if the BTC lottery follows a conventional lottery for numbers, then the means of betting is the only difference.
Still, if you're taking place in a provably fair lottery game or a third-party provider lottery, there could be differences in how you pick the numbers or how the betting rounds and draws will play out.
How Safe Are Bitcoin and Crypto Lotteries?
There are numerous crypto lotteries out there, and many among them are not regulated. Therefore, you have to be extremely careful with them and ensure that the one you've selected is secure and trustworthy. Simply put, this branch of online gambling is still not regulated in most countries, and the majority of BTC lottery sites operate in a legally grey area.
If you want to get the safest possible experience, we suggest sticking to the websites featured in this guide. This is because they were all checked for fairness and trustworthiness by our experienced team.
Bitcoin Lotto Conclusion
Bitcoin lottery is viral nowadays. There are plenty of options to choose from. However, not all of them are good for you. Therefore, we recommend you scroll up and select one of the featured platforms.
Still, before playing for real money, we advise you to try the Bitcoin lottery free, as many sites allow you to test your luck with game credits first. Of course, if you opt for this approach, you won't be able to receive real prizes, but you'll get to understand how it works before switching to real money.
Bitcoin Lotteries FAQs
Do you have any questions about the Bitcoin lotteries?
What is Bitcoin lotto?
Bitcoin lotto is a type of lottery that uses popular cryptocurrencies instead of standard money (fiat money) for buying lottery tickets.
What is the biggest Bitcoin lottery?
Crypto Millions Lotto is currently considered the largest crypto lottery. However, there are plenty of other great options on the web.
How to bet on lotto with Bitcoin?
You need to deposit your Bitcoin to the lottery platform and use it to purchase tickets. Then, pick your numbers and wait for the draw. That's pretty much it.
Is crypto lottery legal?
Cryptocurrency lotteries are not 100% legal in most countries. Based on your country of residence, check if there are any regulations around crypto lotteries.
How do Bitcoin lotteries guarantee payments?
It depends. Some cannot guarantee payments, while others use the provably fair system to make their code visible to everyone. Some lotteries are known for paying out the prizes to lucky winners and are considered safe and trustworthy.
How do I receive my winnings from a Bitcoin lotto website?
A crypto lottery site will pay out your winnings via the cryptocurrency you've used for betting, such as Bitcoin.
Is mining Bitcoin a lottery?
In a way, it is. It takes luck to get rewarded with newly-minted BTC, especially if you don't have an expensive mining rig. The chances of getting rewarded while using a standard computer for mining are equal to winning a lottery, if not lower.
How much can I win when playing crypto lottery games?
It depends. Some lotteries are big and can help you win hundreds of thousands of dollars in crypto, while others are smaller and award up to a couple of thousand dollars. Go on to explore the available crypto lottery options on this page to learn more about jackpots and other prizes the lottery of your choice offers.