Perhaps you’re new to Bitcoin lotto and looking for the resources to help you get started, or maybe you’re a guru at Bitcoin lotteries and you’re on the hunt for a new Bitcoin lottery site. Whatever you’re looking for – this page will get you there.
We’ll start off with a list of the best Bitcoin lottery sites and then delve into the finer details of a Bitcoin lottery game.
You’ll find out about how Bitcoin lotteries work, your odds of winning different types of Bitcoin lottery games, how to identify reliable online crypto lottery sites, and much more.
Bitcoin lottery is a game of chance that is the same as the Powerball or Mega Millions, except you can win bitcoin or altcoins instead of fiat currency. In lottery games, winners are chosen randomly through a draw, and it’s the same with a Bitcoin lottery.
Unlike traditional lottery games, the Bitcoin lottery is completely digitized. You don’t go to the mall to buy your Bitcoin lottery tickets, you buy them online at Bitcoin sites.
Most crypto lottery games follow the same outline as regular lotteries: you choose numbers and if your numbers are drawn you win a prize. The size of your crypto winnings depends on how many numbers you matched correctly.
The basic premise of Bitcoin lottery games is that you can buy lottery tickets for a small amount and you have a chance to win a big jackpot prize.
We can break it down into 3 simple steps:
When you buy the lottery tickets, you’ll be able to choose your ticket numbers or opt to play a quick pick, which is when your ticket numbers are randomly chosen for you. Most Bitcoin lotteries have either 5 or 6 numbers.
This type of bonus is completely free. You don't have to deposit any Bitcoin and the online casino will simply give you free Bitcoin in your casino balance. You will probably have to fulfill wagering requirements before you can cash out.
This is a Bitcoin bonus that can only be claimed by players that are completely new to an online crypto casino. All you have to do is sign-up to be eligible to claim the new player bonus.
Free slots are slots that you can play for free, without using the Bitcoin in your balance. You can play free slots even if your balance is zero. You won't be able to win real currency on these slots.
A reload bonus is a bonus that the casino offers you on additional deposits. It's usually stated as a percentage of your deposit. A 50% reload bonus means you'll get a bonus equal to 50% of your deposit.
This is a bonus that is offered for your first deposit at an online casino. It's typically a very good bonus to entice new players to join the casino. There may be a time limit on the offer since it's so good, so be sure to claim it quickly.
The awesome thing about Bitcoin lotto games is that you can win massive prizes for very small stakes. Jackpot prizes could be as high as $100,000 or even more! And lottery tickets may cost as little as $0.10.
The majority of the time the prizes will be paid out in Bitcoin, but some crypto sites will give you the option of having your prize paid out in BTC or real money – like USD.
The Bitcoin jackpot isn’t the only prize you can win in a Bitcoin lottery. There are several smaller prizes that can be won if you match fewer numbers. Some of the prizes may also include more lottery tickets for future crypto lotteries.
Here’s an example of what a 6-ball lottery prize pool might look like:
The odds of winning the Bitcoin lottery jackpot depend on how many numbers are in play in the game and how many lottery numbers are drawn
Here are a few examples of the odds of winning the Bitcoin jackpot in different types of lottery games:
The crypto lottery site that you play with will provide the odds for the various Bitcoin lotteries that you can play.
The main reason why anyone plays in a lottery is to win the prizes. In Bitcoin lotteries, these prizes can be significant – especially the jackpot.
Bitcoin lotteries operate on blockchain, which means that you’ll have anonymity when you play the Bitcoin lottery online. If you manage to win the jackpot or smaller prizes, it won’t be traced by anyone.
The crypto market is also decentralized, so there aren’t any intermediaries dealing with Bitcoin transactions. This is why Bitcoin lottery sites can charge such low fees for lottery tickets. Low ticket prices plus high jackpots are a winning combination.
A Bitcoin lottery and a regular lottery are pretty much identical when it comes to the rules of the game. The differences stem from the fact that Bitcoin lotto games operate on a blockchain, making them anonymous.
When you play a regular lottery online, you’ll definitely be asked to provide all your personal information at some point – either when you sign up to the site, buy your ticket, or if you win a prize. This is because regular online lotteries have to adhere to loads of rules and regulations set out by governments and institutions, which Bitcoin lotteries don’t have to.
Most Bitcoin lottery sites will require only your email address. If you win a prize – even the jackpot – your winnings will be paid to you immediately.
Keno is like a fast-paced version of a Bitcoin lottery, except that there’s no huge jackpot prize in the game of keno. In online keno, you choose your numbers on the Keno board and then wait for the winning numbers to be drawn.
The higher the percentage of numbers that you match, the bigger your payout. The winning numbers are drawn the moment you push the ‘bet’ or ‘play’ button.
The similarities between keno and Bitcoin lotteries are in the way the games are played. In both games, you choose your numbers and hope that those numbers are drawn. However, Bitcoin lotteries have much higher payouts for matching the correct numbers.
Bitcoin lotteries are fair when they’re operated by trustworthy crypto lottery sites. These types of crypto lotteries are arguably fairer than regular lotteries because there’s no human intervention involved with the number draws or the distribution of prizes.
If you want to be sure that a Bitcoin lottery site is trustworthy, verify its license. If it’s licensed by a reputable gambling authority, then it must adhere to the rules and regulations – such as paying out all legitimate wins.
Some crypto lotteries run by legitimate online casinos are provably fair, so you can validate the fairness of the lottery game results yourself with just a few clicks.
All crypto lottery sites are not created equal. There are a few things that you should keep in mind if you want to play the best Bitcoin lottery games and be sure to get your winnings paid.
Crypto lotteries should be offered by regulated online casinos. Regulated casinos are frequently audited to ensure that they adhere to numerous requirements including customer safety, fairness of the games, and reliable payouts.
If an online casino does not adhere to these requirements, the regulator can cancel the license and prevent the casino from obtaining a new one.
Most online casinos offer fast deposits. However, not all of them offer fast withdrawals. The best crypto lottery sites offer instant withdrawals, so they'll pay you out the moment you request your withdrawal and the money will reflect in your Bitcoin wallet once the confirmations are complete on the blockchain.
Luckily, Bitcoin transactions are extremely secure because encryption is used to verify the transactions. However, once the casino has the coins you want to be sure that they're as safe as possible. That's why the best Bitcoin lottery sites store Bitcoins in cold wallets that are protected with airgap security.
Most people enjoy a few extra perks in life. If you're one of them, look out for online gambling sites that offer bonuses and rewards - many of them do. The best crypto lottery sites offer incentives like regular deposit bonuses that increase your deposit, a free bitcoin lottery, lucky prize draws, and more.
Stick with Bitcoin lottery sites that provide top-notch customer service. If you ever have a problem, you want to be able to able reach customer support quickly, receive educated service, and have your issue resolved in the shortest possible time.
Now that you’re savvy about crypto lotteries, you’re ready to try one. All you need is one lottery ticket with the lucky numbers on it to win the jackpot prize. The smaller prizes aren’t half bad either.
The Bitcoin lottery isn’t only for crypto veterans that know the ins and outs of blockchain and decentralized finance – it’s for anyone who enjoys taking a little risk with the possibility of a huge reward. If this sounds like you, select one of the best crypto lottery sites listed on this page and buy a ticket. We’re rooting for you!
Online gambling sites that are regulated are operating legally and the Bitcoin lotteries that they offer are completely legal. The gambling laws in each state can change at any time, so it's best to check the current laws in your state to be sure.
If you enter a Bitcoin lottery at a crypto lottery platform that is licensed by a reputable gambling authority, your payment is guaranteed because the lottery platform will lose its license if doesn't pay.
If you want to withdraw in Bitcoin, you click on the 'withdraw' button, confirm the amount that you want to withdraw, enter your Bitcoin wallet address, and click the confirmation button.
You do not need to pay tax on Bitcoin lotto winnings. However, if you convert a large portion of your winnings to USD and transfer it to your bank account, you will most likely be required to pay tax. In other words, Bitcoin is not taxable, but USD income is.
The best Bitcoin lotto sites are listed on this page. Each site offers 1 or 2 lotto games. We've done extensive research on the games out there and can confidently say that these are the best.