Crypto Lottery Sites are a new craze that has grown off the back of the increase in usage of cryptocurrency. These websites offer visitors from around the world they ability to play international lotteries using cryptocurrencies and we have compared the best sites out there!
Nexus Group Enterprises N.V
Moon Technologies B.V.
Danneskjold Ventures B.V
Lots of people dream of winning big financially and the most popular way to do so is through a lottery. Lotteries of various kinds have been around since as far back as the 15th century.
You might even be familiar with a lottery in one way or another yourself. For those who are unsure, a lottery is a type of gambling, often a game of chance, in which money is exchanged for a ticket filled with numbers, and if your numbers are selected then you will typically win some kind of monetary prize.
Much recently since cryptocurrencies became popular, bitcoin lotteries have started to appear. A bitcoin lottery follows much of the same premise, except instead of purchasing your ticket using FIAT currency (USD, GBP, AUD etc), you would use bitcoin or other cryptos instead. Similarly to the “regular” lotteries which have a prize as the end goal, a Bitcoin lottery would give out its winnings in BTC too.
The winnings are normally an amount up to the total jackpot prize which is determined by the number of tickets purchased and the total value of those ticket costs. The more people who play, the higher the overall jackpot will be. If not many people play, then of course by that logic, the winnings would be much lower.
In the online casino world there are a few different ways the lottery numbers will be selected. Each of these methods slightly changes the process of the game, even though the end goal is typically the same.
Step 1: Purchase your ticket using your BTC or other relevant currency
Step 2: Choose (usually) 6 numbers between 1 and 49 to be on your ticket
Step 3: Wait for the lottery draw to begin
Step 4: Watch or follow updates about the numbers being randomly chosen
Step 5: If you have matching numbers then you will be able to claim a prize
If you manage to match all 6 numbers then you will be the winner of the site’s bitcoin lottery jackpot!
This is the general concept of any lottery game. There are variations however in the way the numbers are selected. In some cases the site will take the same numbers from a real-world draw and other times the numbers will be randomly selected using a fair computer system – Provably fair. Choosing which of these bitcoin lottery styles you would like to play comes down completely to preference.
When starting your journey into the world of cryptocurrency lotteries, you need to begin by doing some research. There are different features of a lottery site that you would need to consider before you make your decision. Here is a list of some key points you need to look for before making a commitment.
First things first let’s take a look at the legal notes. The main questions you need to ask yourself are: Do they have the correct licences for both gambling and cryptocurrency use? Are they regulated by an official body that is recognised in the industry? Sites are only given a licence from the big players in the industry (Curacao and UKGC to name a few) once they can prove the sites are fair to their consumers. This helps build trust and reputation amongst their players which in turn can lead to a better experience for the user.
Does the website start with https or http? Can you see a small padlock at the start of the website URL bar? These are both universal features of a trusted website that can protect the data of its users. If you can see that the website has an SSL certificate and can encrypt the data it receives from all customers then you can be rest assured that your personal details and currency is safe during use of their site. This is very important when choosing a Bitcoin lottery.
When using regular lotteries that have access in multiple countries and regions you need to know which currencies are accepted on the platform. This is the same for crypto-friendly lotteries too. Bitcoin is the most well known currency in the crypto world, but a site that accepts BTC may not necessarily accept other currencies so it’s always worth a check.
When looking for a bitcoin lottery you might want to find out more about the games available since this is the main thing you will be doing on the site. There are multiple ways that the lotteries are played which can also make a difference to how to choose your ideal site. Do they play real-world lottery ball releases? Is it an online computer program that produces the numbers? By choosing the way you would prefer to play, you’ll be able to narrow down the sites that offer the game you want.
Although you can’t expect the same level of bonuses in a bitcoin lottery that you’d get in a regular online casino, that’s not to say they don’t have any appealing offers at all. These often vary drastically from site to site.
When trying to choose what site to use, learning about any good or bad reputation they have can make a huge difference. By reading some reviews you’ll be able to determine if a site is trustworthy or if they have issues when withdrawing money. Where your money is concerned you need to take reputation seriously and protect yourself from working with a casino with a bad rep.
✔️ There is much less change of being hacked
✔️ Your identity is kept hidden
✔️ Generally low stakes across games
✔️ You have a change to win big prizes
✔️ Sites are more transparent to players
❌ You could end up out of pocket
❌ Much less regulated than regular casinos
❌ Crypto isn’t accepted by all banks
❌ Not every region can access the sites
If you are unsure who or what provably fair are, they are one of the latest technologies to arrive in the gambling world that creates a fair experience for all players. Provably fair use an algorithm to verify whether or not a site is treating its players fairly in their games. This is mostly used in the cryptocurrency casinos and is a complete game changer within the industry. When a site uses provably fair and can prove it, it can give the user a much more enjoyable experience as there is a guarantee that the game is working fairly and not just out the rip off the player.
Now I know what you’re thinking. You never read the terms and conditions on anything and so far you’ve been fine. But I would definitely advise reading the terms before you start using your BTC or other cryptocurrencies on a lottery site. It never hurts to know what you’re letting yourself in for and can protect you in the long run if you know what to expect. You need to understand the individual game rules, the stakes, the deposit and withdrawal rules at the bare minimum to fully understand what you are getting yourself into.
Just like regular gambling and casino sites, there are sometimes regional restrictions depending on where you are trying to play from. Even though cryptocurrencies are accepted in all parts of the world, some of the casino sites only allow certain countries to use their online platform. The main way to get around this issue is by using a VPN service but technology is advancing and some of the smaller services can actually sense when a vpn is being used which could prevent you from gaining access. Make sure you are using a site that allows players from your location to avoid disappointment.
Once you have decided which casino you want to join, you can start the sign up process. You will need to visit the homepage of your chosen site and look to register. The general layout of most cryptocurrency lottery sites listed above look the same with the homepage showing games and currencies available, and with both signup and login buttons at the top of the screen.
Although your identity is often kept hidden on these platforms, sometimes they will ask for some general information just for creating your profile. You can create your own username or use the one they randomly select for you. This is what you will be known as throughout the platform going forward.
Before you can officially play any games you will need to deposit some currency into your player account. The interface varies per platform, but the general process is the same across the board. Take this image as an example. You will need to transfer bitcoin from your personal e-wallet into your site wallet. You can do so using the codes you are presented with on your screen at the time. The site will also give you the conversion rates that are accurate at the time of how much BTC it will cost for your chosen number of tickets. This, again, can vary by site.
Once deposited, you can start looking for a game you would like to play. Throughout the site you will have different games and lotteries available for you to play with varying prize draws. Starting a game is easy once you’ve made your choice as all you need to do is click on the one you want.
Once you have selected the lottery draw you would like to participate in, you can start to select your numbers. You can choose specific numbers that mean something to you or you can choose them randomly. But once you do you will need to finish the ticket and hit submit so that it is officially registered in the system. If you leave the page without finishing the ticket you cannot be entered into a draw.
If you have been able to scoop some prize winnings then congratulations! You probably want to withdraw them into your personal e-wallet. Usually found near the “deposit” button, you will find the withdrawal key. Usually you will need to withdraw in the same exact currency you have been using throughout the site (ie if you have been using BTC then you will need to withdraw in BTC too). You will need to have your personal e-wallet address available at the time of withdrawal.
Tip: On sites where you have multiple currencies available for use, you sometimes have the option to withdraw in a different currency. But general speaking this is not the standard rule.
As time progresses there are more and more bitcoin lotteries and sites appearing for use. By being aware of the risks and what you need to look out for when finding a bitcoin lottery site that is right for you, you can keep yourself protected while enjoying the games themselves.
With anonymity, you can also relax knowing your online activities are being kept protected which is something you don’t get with regular lotteries or gambling sites. Not only that but the sites have a reputation of being much more transparent with their players which is another positive feature of crypto lotteries as a whole. Security is key but enjoyment is also an important factor when it comes to the games.
2022 is a great year for exploring the bitcoin lottery market more in depth, go and see what there is to offer!