Bitcoin Lottery

Online casino games that accept cryptocurrencies and feature the Bitcoin lottery have become increasingly popular. We’ve gathered the data and will share what the Bitcoin lottery is, how it works, and how to find the best Bitcoin lottery website along with other tips and tricks. In this guide, we’ve prepared top-notched recommendations for beginners, so they can find ways to get started. After reading, you’ll better understand whether or not the Bitcoin lottery is for you. So, let’s dive in!

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Electric Spins Casino

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First-time depositors only (18+ country restrictions apply). Min deposit: £10. Max offer: £20 Games Bonus & 100 Free Spins (on a game of our choice). Promo code: SPINIT. Any Games Bonus winnings, if applicable, must be wagered 60x before withdrawal. Any Free Spins winnings, if applicable, will be credited as bonus funds and capped at £10. FS are valid for 7 days and any winnings must be wagered 40x before withdrawal. Games Bonus win cap: £100 + original bonus amount. Wagering contribution varies by game. We reserve the right to deny bonuses based on abusive bonus activity across sites operated by the Company. Deposit balance is available for withdrawal at any time (UK only). General withdrawal restrictions apply. Valid until 31.12.2022. begambleaware.org

What is the Bitcoin Lottery?

Across the world, the online gambling market was valued at USD 63.53 billion in 2022 and is projected to increase by over 11% annually in the next several years. Various digital platforms offer a full catalog of casino games like poker and jack black, slots, and recently the Bitcoin lottery. The Bitcoin lottery functions similarly to well-known lotteries like Powerball and MegaMillions.

Users purchase tickets and the money is pooled for prizes. One player can buy an unlimited number of tickets. Once the time ends – each site and game have their own rules – the winning numbers are generated randomly. The closest tickets would receive the jackpot often with the choice between cash or cryptocurrency. 

The growing attraction to Bitcoin lotteries is due to higher win percentages, fewer fees because of decentralization, and quick, transparent, and secure transactions resulting in more trust and fairness than the traditional lotto counterpart.

How to start playing online

While entering a Bitcoin lottery may seem like a daunting task, our team has been testing for a long time and will describe the best way to begin. Here are a few key insights we found based on our own research: 

Choosing the Best Bitcoin Lottery Website

It’s essential to choose a Bitcoin lottery on a regulated gambling website that’s provably fair. Look for a site with fast and secure transactions, several different games and lotteries, and one accessible in your area. Some sites have restrictions in certain countries due to legal stipulations you’ll want to be wary of. We’ll do a deeper dive into the aspects of the best Bitcoin lottery sites later. 

Opening an Account

Once a Bitcoin lottery has been selected, it’s time to open an account. While conducting research we came to the mind that most sites are user-friendly and mobile-friendly as well. Creating an account should be as easy as clicking “Sign Up” or “Register Here”.  After that, users will fill out a registration form and go through an account verification process. Then they’ll have access to the Bitcoin lottery and other casino games.

Transferring BTC to Your Lottery Account

Users will want to familiarize themselves with the platform to ensure they are confident navigating the transaction process, their account information, as well as the Bitcoin lottery and games. Once they have a grasp on where everything is located, they will transfer Bitcoin from their wallet to the platform so they can place bets.

Join the Lottery Game

Once a new user can confidently navigate the site and have Bitcoin to spend, they can join a lottery game. Users can monitor the total jackpot amount and when winners will be selected. Depending on the funds available, players can purchase as many tickets as they want to help increase their chances of winning. 

Mobile Bitcoin Lottery

For players on the go, there are a few gameplay options for popular casino games featuring the Bitcoin lottery. Some websites have mobile apps you can download from the Apple App Store and Google Play. However, their options are limited. At the same time, there are several sites that have successfully optimized their platform for mobile access on tablets and smartphones. The online casino’s mobile versions are reportedly user-friendly and maintain the look and feel of the web version. For mobile-friendly sites, users are able to participate in lotteries as well as other games within the casino’s catalog from anywhere.

How to Choose the Best Bitcoin Lottery Site

Selecting a good crypto site is the first step towards a positive experience. As mentioned earlier, it’s important to select a site regarded as provably fair. These sites are often structured to be more reliable and fair. Let’s take a look at the key components of a great Bitcoin lottery site. 

• Variety of cryptocurrencies.

  Sites that accept and distribute a variety of cryptocurrencies increase the chances of winning. Many sites accept different cryptocurrencies like Ethereum, Tether, USD Coin, Binance Coin, and Cardano, along with the most popular one, Bitcoin.

• Game Variety.

  In our research, we have determined that a site with several different games or lotteries to choose from offers more chances of winning. Various sites will offer slots, table games, and live dealer games in addition to crypto lotteries.

• Positive Reputation.

  This is an important one for many reasons. Seeking out the reviews and testimonials of site users will tell you if the site is transparent and reliable. You’ll want to find sites that use a blockchain program because this technology allows all users to view transactions within the lottery. For example, users can view the total amount of the jackpot increases with each ticket sale. This process makes it harder for scams to occur.

• Secure and Fast Payments.

  A website with fast and secure transactions helps users avoid scams and collect prizes easily. Blockchain technology also offers a layer of security with payments since it guarantees that the correct amount is transferred to the winner’s account with no human intervention or tampering.

• Bonuses and Loyalty Rewards.

  Several Bitcoin lottery sites offer bountiful bonuses upon making the first Bitcoin deposit and loyalty rewards for their returning players. Rewards can come in the form of BTC or dollars to welcome new users. Loyalty rewards can also offer discounts, freebies, and exclusive prizes.

Bitcoin Free Lottery

One appeal of the Bitcoin lottery is the option to play for free. Some platforms offer free games wherein users don’t have to deposit BTC to play but can still win the jackpot. Players will want to find a site that features the free Bitcoin lottery since not all sites offer this perk. Be cautious, however, and make certain that the sites with free Bitcoin lotteries are legit and reputable. 

Another way for users to enter the prize pool for free is Bitcoin mining. Users can mine BTC and are technically getting their tickets for free since the purchase is not taken out of their Bitcoin wallet. They also have the chance to win through this process.

Tips and Tricks of Bitcoin Lottery

As a beginner, the excitement is real. Due to our deep knowledge of the industry, we can share some tips and tricks for you to start. 

• Compare Sites. Since there is no shortage of casino websites out there, be sure to do thorough research and compare them against each other. It’s important to find the site that offers the most for what you’re seeking. 
• Learn the Rules. Mistakes do happen and sometimes you might lose big but that’s why it’s necessary to master the rules of the Bitcoin lottery. You’ll want to know the general gameplay along with the price per bet, how many numbers to choose and what the range is, when winning numbers are drawn, and what the payout is for each winning ticket. These are just a few examples so before you begin, make sure you are fully knowledgeable about the Bitcoin lottery you decide to start betting on. 
• Manage your budget. While the thrill of the game can keep you hooked, along with those lovely loyalty rewards, don’t forget to be aware of your budget. Be realistic about how much money you’re spending so you don’t put yourself in a tight spot that negatively affects other areas of your life.  Earnings can quickly become losses and none of us want to see that happen. 
• Stop on time. Before you begin, set limits for yourself, both financially and with time. Have fun and reap rewards but when the timer goes off or your allotted amount of spending is reached, call it a day.

Advantages and Disadvantages of Bitcoin Lottery

Like any other form of gambling, there are advantages and disadvantages. Let’s go through a few pros and cons for the Bitcoin Lottery specifically.

Conclusion 

We’ve seen the Bitcoin lottery grow exponentially already and anticipate the game will continue to gain momentum. With several sites that offer security and fairness and a variety of games the Bitcoin lottery is a great way to win prizes from anywhere in the world with minimal or no buy-in.

While there are a few downsides to engaging in crypto lotteries, the advantages make it worth it. Crypto gambling is clearly the future which is why I wanted to provide you with everything you need to know to get started.