Best Bitcoin Online Lottery Sites
Bitcoin is the leading cryptocurrency in the world. It has revolutionized the online payment industry and taken its place among the best online lottery payment methods. Today millions of online gaming enthusiasts use bitcoin for depositing and withdrawing funds as it offers a hassle-free payment experience. Due to the increasing popularity of bitcoin, there have been more and more safe and legit online lottery sites that accept bitcoin as a payment method. We have made a list of the best bitcoin online lottery sites for a secure and smooth lottery play.
Bitcoin is a decentralized cryptocurrency without the supervision of a central bank. The transactions are made through the peer-to-peer bitcoin network. You can send and receive money using one of the existing bitcoin wallet sites. These sites allow users to top up their accounts and withdraw funds in other currencies such as USD, GBP, and EUR. So you can buy and sell bitcoins easily through these platforms easily using a debit or a credit card. Since using bitcoins is easy, inexpensive, safe and legal, most of the best online lottery sites have adopted it as a payment method. So, we’ll talk about how to use bitcoins to play the lottery online in this section.
Is Bitcoin Lottery Legal?
One of the concerns for any lottery player is if online lottery sites are legal. And if so, are the payment and withdrawal methods they accept also legal? You’d be happy to know that bitcoin lottery sites are just as legal as sites that allow PayPal or M-Pesa.
However, players can purchase lottery tickets, or place their bets on international lotteries using bitcoin provided they follow the laws pertaining to their country. The first step is to check your government’s laws on using bitcoin for purchasing goods.
There aren’t any specific laws pertaining to buying lottery tickets using cryptocurrencies. As long as the online lottery site offers cryptocurrency as a payment and withdrawal method then you won’t run into any problems.
How Do Crypto Lottery Sites Work?
Crypto lottery websites work the same way as other types of lottery sites. First, you’ll choose your lottery site and ensure that it’s licensed. Then you’ll sign up to the site either through Google or using your name, email address, and a strong password.
Before you start playing the lottery, you’ll need to add funds to your eWallet. Here is where it might get slightly complicated. To assist you, use these easy steps:
- Ensure you have sufficient crypto in your crypto wallet
- Decide how much crypto you want to transfer to the lottery site
- Sign in to the lottery site and visit the bank section
- Choose the deposit option
- You’ll be asked to link your crypto wallet to the lottery eWallet
- Select the amount of crypto you want to transfer
You should see the amount reflected in your eWallet immediately. You can then use these funds to purchase lottery tickets. The process will work the same no matter what cryptocurrency you’re using.
It should be noted that crypto lottery sites may offer different games and may have different methods when it comes it buying lottery tickets. We recommend reading the rules and regulations of the lottery site you’re playing so you’re aware of how to play or claim prizes.
Why You Should Use Bitcoin to Play Lotteries Online
Playing lotteries online with bitcoin is quite popular for many reasons. First of all, it is very easy to open a bitcoin wallet and trade it with the fiat currencies. All you need to have is a debit or a credit card and you are good to go. Once you withdraw your lottery winnings to your bitcoin wallet, you can either use your money at online and offline shops that accept bitcoin or you can exchange your bitcoin instantly to a fiat currency. Most online bitcoin wallets offer a debit card so that you can convert your bitcoins to currencies like USD, EUR, and GBP and spend it as you wish.
The number of the best online bitcoin lottery sites is increasing day by day. It means that you can play your favorite US online lotteries or the most popular European online lotteries easily using bitcoin. Moreover, you can enjoy a high-tech online lottery experience with lower fees. Bitcoin transactions are usually free. However, the bitcoin wallets levy a small markup on the exchange rate.
Also, if you care about your anonymity in case you hit the lottery jackpot, bitcoin is the perfect payment method for you as bitcoin transactions are encrypted. In other words, nobody can track your transactions and your privacy remains protected, well, at least until you decide to withdraw your fortune to your traditional bank account.
The biggest drawback of using bitcoin to play the lotteries with the biggest jackpots online is that the fiat currency value of the bitcoins that you hold might change day to day due to the volatile nature of bitcoin. So, we advise you to follow the latest bitcoin trends before starting to play lotteries online using bitcoin.
How to Choose the Best Crypto Lottery Site?
There are many crypto lottery sites to choose from but not all of them offer the benefits you may be looking for. In this section, we’ve provided aspects to consider before choosing a crypto lottery site to play through.
There are over 20,000 cryptocurrencies in circulation. So you want to ensure the lottery site you choose allows you to use the cryptocurrency you’ve bought. However, the lottery site you choose should have a wide selection of cryptocurrencies which will help if you decide to buy another digital currency.
Variety of Games
One of the features that attract players to the lottery site is the variety of games it offers. Ideally, you want access to lotteries with higher jackpots and in strong currencies such as the dollar or euro. You can find lottery sites with popular games such as EuroJackpot or Mega Millions. Or you can opt for sites that have smaller or lesser known lotteries as well as raffle tickets or even slot machines.
The Lottery Site’s Reputation
The most important feature to check before signing up for a crypto lottery site is if it’s licensed. There are many scam lottery sites out there created for the sole purpose of stealing your crypto. So it’s important to check the site’s reputation through customer reviews.
To give you peace of mind, choose one of the lottery sites we’ve reviewed because we’ve tested them to ensure they are legal and safe to play through. We recommend using WinTrillions if you’re not sure which site to choose or which one offers bitcoin as a payment and withdrawal method.
How to Play Online Lottery with Bitcoin?
Bitcoin wallet services such as Blockchain.com and Coinbase provide online lottery enthusiasts with platforms where players can exchange their national and transnational currencies with bitcoins. Buying bitcoins doesn’t cost any money if you have a debit or credit card which you can use for online shopping. The eWallets like Skrill and Neteller offer you the option of making online purchases free of charge.
Once you have an active bitcoin wallet, you can purchase as many bitcoins as you wish. In order to use your bitcoins to top up your account at one of the best online bitcoin lottery sites, you need to head to the cashier and choose bitcoin among the deposit options. There you’ll find an active bitcoin wallet ID of the lottery site. You can send the bitcoins to this wallet ID using your bitcoin wallet.
Keep in mind that most of the best online lottery agents and the online lottery betting sites allow players to withdraw through bitcoin while not offering this option to deposit money due to the fluctuant nature of bitcoin. However, bitcoin remains among the most attractive withdrawal methods.
In order to withdraw your funds to your bitcoin wallet, you need to generate a bitcoin wallet ID in your bitcoin wallet platform and insert this ID in the bitcoin withdrawal section of the online lottery site that you use. Afterwards, simply choose the amount that you’d like to withdraw and then you’ll receive your payment within a short time. Also, it is worth noting that when you choose a national or a transnational currency to withdraw to your bitcoin wallet, the online lottery platform that you use will exchange the currency into bitcoin using an exchange rate which might be different from the median market rate.
What Are the Odds of Winning the Bitcoin Lottery?
The odds of winning a bitcoin lottery will depend on a few factors such as:
- The number of balls in the lottery
- How many tickets you buy
- The number of people who enter the lottery
You can also calculate the odds of the bitcoin lottery you’re playing to get an accurate number. Or you can simply search what the odds are on Google. You can then choose a site that has the best odds of winning so you can win money back even if it’s not the jackpot.
Cashing Out From a Crypto Lottery Site
If you win a small prize from the lottery site you’ve played, the money will be paid directly into your eWallet. To withdraw your cash, visit the withdrawal section of the website which is usually found under your account. Choose your cryptocurrency of choice.
Now log in with your crypto wallet or you can use your crypto address. Follow the prompts on your screen to make your withdrawal. The time it takes for the crypto to reflect in your account may vary depending on the site you’re playing through. It may be faster than traditional withdrawal methods.
Pros & Cons of Cryptocurrency
To help you make an informed decision on whether a bitcoin lottery site is for you, we’ve listed the pros and cons of this type of payment method. It’s advised that before you decide to use cryptocurrencies to pay for lottery tickets that you know what the steps are and how they can affect your wallet.
Other Popular Cryptocurrency Accepted by Best Lottery Sites
Bitcoin is the most popular cryptocurrency accepted by lottery sites that allow the use of digital currencies. But what if you’ve opted for other types of cryptocurrencies? You’ll then need to find a lottery site that accepts a wide variety of cryptocurrencies.
To assist you, here is a list of other popular cryptocurrencies accepted by some of the best online lottery sites:
- Bitcoin Cash
- Binance Coin
Not all online lotteries will allow more than one or two types of crypto. So choose a site that will allow you to transfer a cryptocurrency you use regularly.
Online Lottery Sites Accepting Bitcoin
There are quite a few online lottery sites accepting bitcoin as a payment method. One of the safe and legit online lottery sites that accept bitcoin is WinTrillions. It is a popular online lottery agent where you can purchase the tickets to the major lottery draws such as Powerball, Mega Millions, EuroMillions and Eurojackpot.
You can enjoy the advantages of this futuristic cryptocurrency claiming some juicy lottery offers. Check out the latest online lottery bonuses to see the deals offered by the best bitcoin online lottery sites!