Irrespective of the country you reside in, it’s likely that you have access to a national lottery game of some sort. In most cases, these are backed by centralized government agencies. But how do you know that the game is true and fair? The truth of the matter is we just don’t know. As such, Bitcoin and Crypto lotteries are now a thing, with many platforms offering the chance to win big in a fully transparent manner. If you’re thinking about playing a Crypto lottery, be sure to read our comprehensive Crypto lottery Guide. We cover everything from what Cryptor lotteries are, how they work, whether they are safe, and how much you can win (or lose). We’ll also discuss the 5 best Crypto lottery sites of 2022 so that you can get started today! Although Crypto lottery games are typically guaranteed for their fairness, you still need to ensure that the underlying platform is safe and secure. The Bitcoin anad Crypto lotteries reviewed in this guide are offered by reputable entities. On this Page:Contents [show] The Best Crypto lottery sites of 2022 LuckyBlock - Currently in Presale LuckyBlock is a new crypto project that will operate a crypto lottery worldwide on the Binance Smart chain, with better odds than conventional lotteries. The token is currently in presale until February 1st, 2022 and all token holders can be winners. The mission statement of Luckyblock is to make onling gambling, gaming and lotteries available to all geographical regions without being tied to local financial systems, and to improve fairness and transparency through blockchain technology. Read the LuckyBlock crypto lottery roadmap at their website and meet the team. Later phases of the project will include funding gaming and Metaverse projects. Key Points: ✔️ Partnered with London-based media company ✔️ LuckyBlock NFTs on the roadmap ✔️ Token owners will receive royalties ✔️ Online scratch cards, lotto, gaming ✔️ Mobile app ✔️ Pre-sale concludes Q1 2022 Visit LuckyBlock Now FortuneJack - Best platform for Keno-style Bitcoin lottery games FortuneJack is one of the main players in the Bitcoin casino and sportsbook space. Launched way back in 2014, the platform lists thousands of games, which covers both software games and live dealers. Although FortuneJack doesn’t offer traditional lottery games, it makes our list because of its extensive Keno department. In its most basic form, Keno is a form of lottery that uses fixed-odds, as opposed to a progressive pool that bases its wins on the number of tickets sold. This appeals to a lot of players because you have the chance to set your own stakes. Moreover, as you are competing against a pre-defined algorithm, you can play as many games as you want, whenever you want. However, unlike Crypto lottery platforms like DuckDice, FortuneJack generates its lottery balls via regulated third-party software providers. Although this might make you uncomfortable, these software providers must go through a highly stringent regulatory process before they are able to launch their games to the online space. As such, you can be sure that the balls are drawn in a true and fair manner. Key Points: ✔️ Massive selection of casino games – including lottery-style Keno ✔️ Accepts multiple cryptocurrencies ✔️ Bitcoin keno game allows you to play whenever you want ✔️ Fixed-odds system allows you to set your own stakes ✔️ Instant deposits and withdrawals ✔️ Established since 2014 Visit FortuneJack Now Cloudbet - Most Convenient Online Casino Established in 2013, Cloudbet was founded on the idea of creating an online casino that only accepts bitcoin for all deposits and withdrawals. Despite the fact that it was not the first bitcoin casino to enter the market, it has risen in popularity since its inception. You can play casino, live casino, sports, and eSports games through a desktop and mobile dashboard on the Cloudbet platform. Further, this platform has a high-quality user-friendly website along with legitimate licenses from the concerned authorities. Cloudbet is known for its wide range of sports betting choices. You can put sports bets on soccer, tennis, volleyball contests, NFL, NBA, table tennis, and more if you choose to play with this Bitcoin online casino. While signing up with the platform, Cloudbet does not require its users to produce any additional documents. If your playing habits do not raise any red lights, the casino will ask for no further information and will allow you to request withdrawals right away. Cloudbet offers a bonus to customers who fill their accounts using Bitcoin. However, if you want to use another payment method (fiat or crypto), it offers a welcome bonus of up to 5 BTC/BCH/ETH/PAXG or 1000 USDT/USDC/DAI if you choose another payment method. Given its special features, Cloudbet is the best place for experiencing casino games and sports in case you want to bet with cryptocurrency. Key Points: ✔️ One of the highly recommended online casinos for sports and eSports betting ✔️ Users could get a welcome bonus of 100% up to 5 Bitcoin ✔️ User-friendly platform ✔️ Licensed under the eGambling Montenegro and Curacao ✔️ Margin as low as 2% ✔️ Widely accessible ✔️ No withdrawal limit Visit CloudBet BC.Game - One of the most reputable Ever since its launch in 2019, BC.Game is dedicated to being a crypto casino that aims to provide all crypto enthusiasts a thrilling experience of online betting. It gives its customers an option of making a deposit with 50 different cryptos and DeFi tokens. On top of it, you get an opportunity of receiving a bonus in terms of cryptocurrencies, and other currencies. The player community can communicate with one another in a chat group and send USDT tips from the BC.Game webpage. There’s also a sizable player forum as well as a leaderboard for the day’s biggest winner. Similarly, the casino has unique game offerings with the name “BC Originals”, which is designed specifically keeping in mind the requirements of a crypto lover. These games include Keno and Slots, Roulette, Baccarat, Blackjack variants, dice games, and video poker. Another reason to go for this reputed casino is that the platform has hardly received any complaints from its customers regarding their gaming experience. Apart from accepting a variety of cryptocurrencies, BC.Game allows users to deposit and withdraw them in a variety of ways. Though there is no wagering requirement for the first no deposit bonus, however, there are different wagering requirements for different sorts of games. Overall, this platform has a number of outstanding features that could easily catch the attention of many players and gamblers in very little time. Key Points: ✔️ Contains a wide variety of payment options ✔️ Gives a sense of community and player support to all its customers ✔️ Offers many deposit bonuses to the users ✔️ Available on desktop and smartphone apps (both Android and iOS) Visit BC.Game Bspin - Casino with excellent payment system Bspin believes that cryptocurrency is the future of gambling, and that is why its founders aim to embrace that future by delivering a premier Bitcoin casino website to all crypto enthusiasts. On this platform, you can play using the Bitcoin you deposit instead of having it converted to currency until you withdraw. Though it is relatively a newcomer to the online casino world, however, it has a lot in its potential to offer. It excels in critical areas such as game variety, deposit processing, and convenience of use. Moreover, through their educational blog and sample mode choices, it provides players of every expertise level a fair opportunity at mastering the winning methods of numerous games. However, in order to ensure their growth in this industry, Bspin needs to improve in important areas like withdrawal processing and customer service. Key Points: ✔️ Works well on desktops and mobile phones (both Android and iOS systems) ✔️ Competitive wagering requirements for bonuses ✔️ User-friendly interface ✔️ Offers demo mode for all games Visit Bspin Casino Goodman Casino - Most Deposit Methods Supported A relatively new online casino site, Goodman have 1,600+ casino games including Bitcoin lotteries – some of the best casino gaming software providers supply the selection of games at Goodman. Playtech, Microgaming and NetEnt are renowned for their online gambling software products, including lottery games, jackpot Slots and Keno. Windows and Mac on desktop, as well as iOS and Android on mobile are supported. Goodman is fully licensed and regulated in Curaçao. Accepted deposit and withdrawal methods include VISA, Mastercard, Maestro, bank transfer, Skrill, Neteller, BTC, ETH, DOGE, LTC, USDT and more. Goodman is not currently available in the UK but this may change as the site recently launched. Key Points: ✔️ Range of fiat, Bitcoin and altcoins supported ✔️ 24/7/365 support via live chat ✔️ Spinomenal lottery software ✔️ Three instalments of deposit bonuses ✔️ 150 free spins Visit Goodman Casino Now BitcoinCasino.us - Secure online casino with great welcome bonuses BitcoinCasino.us is one of the best Bitcoin lottery sites today. Its online casino platform is easy to use and provides all the information that players want to access regularly. Some of the lottery games you can play on BitcoinCasino.us are Scratchy Bit, Bet on Numbers, 88 Bingo 88, Just A Bingo, Super Mask, Secret Cupcakes, Donut Rush, Monsters’ Scratch, Red Square Game and many more. All of its online casino games are supported by famous software providers such as BetSoft, Endorphina, MrSlotty, Booming Games, GameArt, Bgaming and Spinomenal. Aside from the huge variety of casino games on BitcoinCasino.us, its players also like its quick and secure deposit and withdrawal process. They can easily deposit and withdraw their earnings because the casino website supports cryptocurrencies such as Bitcoin, Litecoin and Ethereum. New players also have the chance to get deposit bonuses of up to 5 BTC. Also, 150 free spins will be automatically added to their accounts. It will only take you a minute or two to create an account so check the site now and start playing! Key Points: ✔️ Easy account creation process ✔️ Players can stay anonymous ✔️ Free deposits and withdrawals ✔️ Lots of lottery games ✔️ 150 free spins plus deposit bonuses of up to 5 BTC Visit BitcoinCasino.us Now LottoLand - Best if you want the balls drawn in the real-world LottoLand is completely different from the two Crypto lottery sites we have discussed thus far, not least because it gets its results from the traditional offline space. In other words, the platform uses the actual results from well-known national lottery games such as the Mega Millions in the US and the EuroMillions. The key difference is that you have the option of purchasing your ticket in Bitcoin. Interestingly, you can also deposit funds using fiat currency, if this is something you’d prefer. Nevertheless, it is important to note that the prize system differs from the game it is copying its numbers from. In other words, you won’t win the same amount as money as you would have done by playing the real-world version of the game. Instead, you’ll choose 6 numbers, pay your 3.50 EUR ticket fee, and your prize will be based on the amount of money the platform collected for that particular game. What we also like about LottoLand is that the platform is regulated by the Gibraltar Gambling Commission. This acts as an extra safeguard, not least because most Crypto lottery websites operate in an unregulated manner. Key Points: ✔️ Regulated by the Gibraltar Gambling Commission ✔️ Platform gets its ball numbers from real-world lottery games such as the Mega Millions ✔️ No need to verify the authenticity of the results as the offline space is heavily regulated ✔️ Accepts both Bitcoin and fiat currency ✔️ Other games such as scratch cards available ✔️ Monthly bitcoin jackpot games Visit LottoLand Now DuckDice - Best Provably Fair Bitcoin lottery As the name suggests, DuckDice is a platform that mainly specializes in Bitcoin dice. However, don’t let this put you off, as it actually has one of the best Bitcoin lottery games in the industry. The platform hosts one game of Bitcoin lottery every 24 hours (15:00 UTC), which is great because it allows enough time for the prize pot to build up. While we are on the discussion of prizes, DuckDice uses the pool system, meaning that the specific prizes are based on the number of tickets sold in that respective 24 hour period. For matching 3, 4, or 5 numbers, you will win 20%, 30%, or 50% of the prize pot, respectively. If two or more people win the same prize, then the pool will be distributed evenly. For example, if two people match 5 numbers, and 50% of the pot amounts to $50,000, then each player will share $25,000 each. Most importantly, DuckDice utilizes the benefits of Provably Fair. This means that you can be 100% sure that the numbers have been drawn randomly, and that there is no way for the platform to manipulate the outcome. You also have the option of verifying this yourself by checking the lottery seed. Key Points: ✔️ New Bitcoin lottery game every 24 hours ✔️ Games backed by Provably Fair ✔️ 100% true and fair – no issues with manipulation ✔️ Wins paid by matching 3 or more numbers ✔️ Prize pool system – wins can be huge Visit DuckDice Now Crypto-Games.net - Great for beginners Although Crypto-Games.net might not appeal to those that are looking for state-of-the-art graphics, the platform is absolutely perfect for newbie players. In fact, the platform hosts just 8 games within its gaming suite. On top of Bitcoin lotto, this also includes blackjack, roulette, video poker, Plinko, dice, slots, and minesweeper. In terms of its Bitcoin lottery offering, the platform uses a pool system, meaning that there is virtually no limit to the amount that can be won. One of the best things about the Bitcoin lottery game available at Crypto-Games is that 100% of the pool is distributed to winning players. This is in stark contrast to a number of other platforms in the space, who will sometimes take a 10-15% percentage fee from the main pool to ‘cover their costs’. Nevertheless, 80%, 15%, and 5% of the prize pool is awarded for 1st, 2nd, and 3rd place, respectively. Most importantly, Crypto-Games uses a random picker protocol that is backed fully by Provably Fair technology. This ensures that the outcome of the game is always true and fair, and that the winning numbers can be verified for their validity. Key Points: ✔️ Best platform for beginners ✔️ All games hosted on the platform backed by Provably Fair ✔️ Custom URL takes you straight to account dashboard – no need to log-in ✔️ Great reputation for speedy deposits and withdrawals ✔️ Also hosts a number of other casino games Visit Crypto-Games Now 8bet - Best for Bitcoin jackpots Although 8bet is a relatively new entrant to the Bitcoin lottery space, its platform is well worth a look. Other than a couple of slot games and scratch cards, the entire platform is dedicated exclusively to Bitcoin lotteries. The main Bitcoin game – known as the ‘People’s One’, runs once every 24 hours. It costs just 0.20 mBtc to buy a ticket, which is great if you are just starting out and want to see how everything works. Prizes start by matching just two numbers, with the main bitcoin jackpot requiring players to match all 6 numbers. The best thing about this particular Bitcoin lotto game is that the bitcoin jackpot rolls over until it is won. 24.1% of each game’s respective prize pool is added to the jackpot, meaning that wins can be highly lucrative. At the time of writing, this stands at 4,445 mBtc! On top of its main jackpot game, 8bet also runs a free crypto lotto game. Although prizes are much smaller, matching 6 numbers will award you a prize of 1,000 mBTC, which is great. In terms of the fundamentals, all Bitcoin lotto games facilitated via the 8bet platform are backed by Provably Fair. As an added bonus – and much like in the case of Crypto Games, 8bet does not charge any margins, meaning that 100% of the prize pool always goes to the winning players. Key Points: ✔️ Specialist Bitcoin lotto platform ✔️ All games hosted on the platform backed by Provably Fair ✔️ Bitcoin jackpot rolls over until it is won ✔️ Also offers free Bitcoin lotto games ✔️ No margins – 100% of the prize pool distributed to players Visit 8bet What is a Crypto lottery? In its most basic form, a Crypto lottery is not too dissimilar to a real-world lottery. If you’re based in the US, think along the lines of Mega Millions. Although there is now a range of variations to the game, Crypto lottery games essentially require you to purchase a ticket, which then comes with a set of numbers. Once the game starts, a certain amount of numbers will be randomly drawn. The overarching aim is to then match as many of these randomly drawn numbers against the numbers displayed on your ticket. In doing so, you stand to win a real-world prize – all of which is paid in Bitcoin. Let’s take a look at a quick example to make sure we fully understand the general process. You buy a Bitcoin lottery ticket, which costs the BTC-equivalent of $2. Your ticket consists of 6 numbers, ranging from 1-49 The game starts, and randomly draws 6 numbers – ranging from 1-49 You match all 6 numbers, meaning that you win the bitcoin jackpot! In the above example, you’ll see that by matching all of the numbers on your ticket, you won the jackpot prize. The amount offered is typically a percentage of the total ‘pool’. The pool is made up by the number of tickets that were sold. For example, let’s say that $1 million worth of tickets were sold in your respective game. Taking into account the lower prizes that were won (for example for matching just 3 balls), the bitcoin jackpot might pay 70% of the pot, which amounts to $700,000. What are the pros and cons of Crypto lotteries? Pros and cons of Crypto lotteries The Pros Chance to win big prizes Low stakes required to enter No experience needed Can be played by anyone, anywhere Heaps of Bitcoin lottery providers Play from home or via your mobile phone Fully transparent Guaranteed to be true and fair The Cons Providers are typically unregulated You could lose money What types of Crypto lottery games are there? It is important to note that the term ‘Crypto lottery’ is quite a broad one. By this, we mean that there are different variations to the game. Irrespective of what version you go with, both ticket sales and prizes are usually paid in Bitcoin. However, some platforms do allow you to collect your prize in fiat currency, if this is something that you would prefer. Nevertheless, we’ve discussed the three main types of Crypto lottery games below. 1. Balls are copied from conventional lottery One of the first-ever Bitcoin lottery games to reach the market was that of Lotto Land. In a nutshell, this particular branch of the Bitcoin lotteries space draws its numbers from real-world lottery games. This includes the hugely popular EuroMillions, US PowerBall and Mega Millions, and even the Irish Lotto. As such, there is no technology required, as the numbers you will be attempting to match are the same numbers drawn in the respective national game. On the one hand, some players prefer this, as there is no input required from the platform in question. Players know that the offline lottery space operates in a heavily regulated environment, which in itself acts a safeguard against fraud and manipulation. However, some players prefer to stay away from this branch of the Bitcoin lottery space, not least because they would rather opt for a ball-drawing process that allows them to verify the authenticity of the game. Pros and cons of using balls from national lottery games The Pros National lottery games are heavily regulated No dispute as to how the numbers were drawn Easy to verify the winning numbers Games operate at least once per week Prizes are usually large The Cons Unable to independently verify the authenticity of the drawn balls Prizes could be bigger by buying a ticket in the real-world 2. Balls are drawn via Provably Fair At the other end of the Bitcoin lotteries spectrum, a whole new version of the game exists – Provably Fair. For those of you unaware, Provably Fair was fist created by the founder of SatoshiDice – a Bitcoin dice game created in 2013. The underlying technology is backed by cryptography, meaning that regardless of what gambling game you are playing, you can be 100% certain that the outcome was generated fairly. Not only this, but it is also possible to independently verify how the Provably Fair mechanism generated its outcome – as all of the data is available in the public domain. In the case of Bitcoin lotteries, Provably Fair is absolutely ideal. Here’s how it typically works: You buy a ticket for a Provably Fair Bitcoin lottery game Your ticket and its corresponding numbers are registered – which cannot be amended or altered When it comes to drawing the balls, the Provably Fair mechanism will create a seed The underlying platform will then take a second random seed – only this time from entrants of the game Once both seeds have been hashed, Provably Fair will then generate the balls If you matched a certain number of balls and subsequently won a prize, the winnings will be paid to you automatically One of the best things about Provably Fair Bitcoin lotteries is that the entire end-to-end process can be verified at any given time. This includes the exact amount of tickets that were sold, how much was paid, which addresses held a winning ticket, and most importantly – how the winning balls were randomly selected. Note: It is important to note that just because a Bitcoin lottery platform claims to utilize Provably Fair, this doesn’t necessarily mean that it does. This should once again be a reminder that you should always do your homework prior to joining a new lottery site Pros and cons of Provably Fair Bitcoin lotteries The Pros 100% guaranteed for fairness Completely transparent Verify how the balls were drawn at any given time Check how many tickets were sold for each game No limit to the size of the bitcoin jackpot The Cons You still need to understand how Provably Fair works to check the authenticity of the game 3. Balls are drawn via regulated third-party software providers The third option that you have at your disposal is to use a Bitcoin lottery website that utilizes a third-party software provider to draw its balls. Firstly, this particular type of Bitcoin lottery game is different from the previous two that we have discussed thus far, not least because they are closer to ‘Keno’ than a traditional lottery game. Keno is very similar to a lottery game, however, winnings are not based on the number of tickets sold. Instead, winnings are based on fixed-odds. For example, let’s say that 6 balls are drawn at random from a possible 50. The numbers run from 1-50. Prizes and paid when you match at least 3 balls from your ticket. Here’s what each prize could pay: ➡️3 balls: 5x ➡️4 balls: 10x ➡️5 balls: 50x ➡️6 balls: 500x As you’ll see from the above example, prizes are paid in multiples, as opposed to a percentage of the pot. As such, you can effectively set your own stakes. So, if you decided to buy a ticket at $5, and you matched 3 numbers, then you would win $25 ($5 ticket multiplied by 5x prize). Alternatively, if you staked $100 per ticket, you would win $500 for matching 3 balls ($100 ticket multiplied by 5x prize) The second – and perhaps the most important aspect that sets this particular Bitcoin lottery game apart is the process used to draw the balls. In the vast majority of cases, platforms will partner with third-party software developers such as Microgaming, NenEnt, and Evolution. These software developers are not only required to hold full gaming licenses, but they regularly have their gaming data audited. On the other hand – unlike Provably Fair, the gaming data cannot be verified by the public, meaning that the ball-drawing process is kept behind closed doors. Pros and cons of Bitcoin lotteries backed by regulated software The Pros Software providers are regulated Lottery data is audited by gaming regulators Games must be independently tested for fairness before being launched Play games whenever you want as prizes are fixed-odds Choose your own stakes Play at your own speed The Cons BTC jackpot prizes are much smaller than conventional Bitcoin lottery games No way to check the authenticity of the software yourself What are the odds of a bitcoin jackpot? Before you begin playing a Bitcoin lottery game, it is well worth making some considerations regarding your chances of winning. First and foremost, your specific odds will depend on a number of key factors. Notably, this includes the number of balls in the draw, the number of balls that will be drawn randomly, and the number of balls on your ticket. However, in order to give you an idea of the underlying odds, we have taken the industry average – which is a 49 ball game with 6 numbers drawn. ➡️Matching 6 numbers = 1:13,983,816 ➡️Matching 5 numbers = 1:55,492 ➡️Matching 4 numbers = 1:1033 ➡️Matching 3 numbers = 1:57 As you can see from the above examples from a typical 49 ball game, the odds are heavily stacked against you once you get past the 3 number requirement. As such, it is crucial to assess how much each corresponding win is going to pay. For example, let’s say that you match 3 numbers. Although the odds of you matching 3 numbers are 1:57, will you be paid at odds of 57/1? Probably not. In fact, you’ll likely receive a lot less. While this isn’t ideal, people still play Bitcoin lottery in their drones because of the huge bitcoin jackpots that are offered for matching all 6 numbers. How to play Bitcoin lottery online So now that you know the ins and outs of how Bitcoin lotteries work, we are now going to show you how you can get started. Follow our simple step-by-step guide below to find out how to register and deposit funds at a Bitcoin lottery platform! Step 1: Choose a trustworthy Bitcoin lotto site Your first port of call is going to be to choose a platform that hosts a Bitcoin lottery game. In some cases, these will be dedicated platforms that specialize exclusively in Bitcoin lottery games. In other cases, platforms will be a fully-fledged Bitcoin casinos that hosts a range of Bitcoin lotteries alongside more traditional games likes like blackjack, roulette, and slots. Before choosing a platform, you also need to assess what type of Bitcoin lottery game that you want to play. As we discussed earlier, this will dictate how the balls are drawn. For example, while some players prefer balls that are generated via Provably Fair, others prefer Keno-style games that are backed by regulated software providers. If you’re still unsure which platform to go with, we would suggest scrolling to the top of our guide and reviewing the Top 5 Bitcoin Lottery Sites that we have recommended. Step 2: Open your account Once you have chosen your preferred Bitcoin lottery platform, you will now need to go and open an account. Although the process is similar across most platforms, we’ve decided to show you how to get started with DuckDice, At the top of the screen, click on the ‘REGISTER’ button. A pop-up box will then appear asking you to choose a username. Once you have read and agreed to the terms and conditions, click on the ‘START WINNING’ button. Although you have just created an account by simply choosing a username, you should now go into your settings page and add a layer of security. This can either be via two-factor authentication or email notifications. Step 3: Fund your bitcoin lottery account Once you opened your account and added a layer of security, you now need to deposit some funds so that you can enter a Bitcoin lottery game. At the top right-hand side of the screen, click on the ‘MY FINANCES’ button. As you are depositing funds via Bitcoin, click on the ‘DEPOSIT’ button next to ‘BTC’. You will then be shown your Bitcoin deposit address. This wallet address is unique to you and your Bitcoin lottery account, so make sure you keep it safe. Copy the address to your clipboard, and then head over to your external Bitcoin wallets. Finally, once you transfer the funds to your deposit address, the Bitcoin lottery platform should credit the funds within 1 blockchain confirmation. Step 4: Buy your Bitcoin lottery tickets As soon as your account has been funded, you can then proceed to start buying some Bitcoin lottery tickets. As you will see from the image below, the cost of one lottery ticket is 0.0001 BTC. At the time of writing, this amounts to just over $0.78 per ticket. Next, you then need to decide how many tickets you want to purchase for that particular game. Once you enter the number of tickets in, the total cost box will automatically update. Finally, you then need to decide whether you want your ticket numbers generated randomly, or if you want to choose them yourself. This is very similar to the real-world version of the game, where you can choose your favorite numbers or get the machine to automatically generate them for you. Step 5: Withdraw your winnings If you are fortunate enough to win a game of Bitcoin lottery, you will then need to withdraw your winnings back out. Don’t forget, in the vast majority of cases you will need to withdraw your funds back out as Bitcoin. As such, head back into the ‘MY FINANCES’ section of your account, and then enter the amount that you want to cash-out. Next, you need to enter your external Bitcoin wallet address. For ease, this can be the same address that you used to deposit the funds. As soon as you request the withdrawal, you should see the funds back in your external Bitcoin wallet within 10 minutes. How to Buy Bitcoins for betting online? In case you are looking to buy bitcoins for your online betting, then we would suggest you to get your favorite cryptos from the eToro trading platform by following these steps: Step 1: Open your account on the eToro platform Visit the official website of the eToro platform, and click the “Join Now” option. After that, fill in the required information, such as your name, address, user name, phone number, and email address, and generate your login credentials. Alternatively, you can register with your Google or Facebook account. Step 2: Complete the KYC process Complete the KYC (know-your-customer) process by having your identity verified after you’ve created your account on the eToro platform. You can send a copy of your passport, driver’s license, or any other form of documentation for identity verification. Also, as proof of address, include a utility bill or bank statement. After you’ve uploaded all of the relevant documents, your account will be validated within minutes. Step 3: Deposit money into your account It’s now time to fund your eToro account and buy your favorite bitcoins. You can fund your account with eToro using a number of different methods. Credit/debit cards, a bank account, PayPal, and other means can all be used to fund your account. Step 4: Buy Bitcoin At last, type the name of Bitcoin (BTC) into the search bar to complete the transaction. After selecting “Trade,” proceed to the order page. To conclude your purchase, enter the amount of Bitcoin you want to invest in and then click “Open Trade.” Visit eToro and open account Legality of Bitcoin and crypto lotteries Making online bets is lawful in the United States of America. You are not arrested for online gambling through any bitcoins or any other cryptocurrency. The present administration has stated that it is willing to allow states to apply their own rules to online casino companies, but that these laws will never harm individuals. It’s crucial to know that gambling with bitcoin is fully legal as long as you follow all federal and local regulations. There are no rules that particularly target bitcoin as a prohibited method of transaction. Therefore, it could be said that bitcoin gambling is lawful in general as it is not classified as a specific prohibited activity. Since state laws differ from one another, you have to examine two things: if online betting is prohibited in your area, and whether bitcoin is prohibited as a payment option in your state. The current status for overseas betting is that all states can gamble on approved sites in other countries. For ensuring your safety, all online bitcoin casinos that we review at InsideBitcoins abide by the law and use independently certified RNGs that are provably fair. You may discover that a certain Bitcoin casino is not available in your jurisdiction – for example, Bovada is not available in Delaware, Maryland, or a few other places – but the site will automatically restrict users from registering, preventing any legal complications. How safe are Bitcoin and crypto lotteries? We all know how Bitcoin transactions ensure the anonymity of their users through the process of cryptography. As a result, this decentralized mode of currency provides the maximum level of security to its users. With that being said, whenever you signup for any online casinos, make sure to check whether you are required to provide any personal information or not. This would ensure your privacy and anonymity is ensured in online gambling. Though regulated or licensed casinos ensure your data privacy and safety, however, it is your responsibility to protect your data. Therefore, always play on those casinos that are regulated or licensed by some global regulatory bodies to make sure your sensitive information is not dealt with in any unauthorized manner. For instance, most of the casinos that we review on InsideBitcoins are regulated by the bodies like the Curaçao Gaming Control Board (GCB). To find out whether any online bitcoin casino is regulated or not, have a look at its “About us” page. This webpage generally includes the casino’s license number or any other piece of information related to its certification or license. Rocketpot, for example, has provided all this relevant information on their FAQ page. You must also check the site’s security information or terms and conditions to ensure that SSL encryption is being used to protect your personal information in accordance with the highest security requirements. SSL (Secure Sockets Layer) is an encryption-based internet security technology that was created by Netscape in 1995 to ensure privacy. At last, you can also lookout for the reviews of online casinos that are available on famous review sites, social media platforms, and forums- such as Twitter, Reddit, and TrustPilot. You will get to know how the past customers feel about the casino’s safety standards and would ensure your data confidentiality and privacy. We would recommend you to refer to TrustDice as it not only has a good ranking but also got some positive feedback from many customers based on its several reviews. Buy Bitcoin Regular vs. Bitcoin lottery Over the last decade, online casinos have become increasingly popular. Many countries have even legalized and started regulating the booming online casino industry. The online gambling culture is rising in consonance with the development of Bitcoins as a digital currency. Many online casinos have started accepting bitcoin as a form of payment, thereby starting a new chapter in the crypto casino industry. The crypto gambling industry looks lucrative for many crypto enthusiasts due to the ease involved in carrying and exchanging bitcoins. From the above understanding, it is clear that bitcoin casinos are those casinos where you can play casino games through the use of cryptocurrencies. Here, players utilize bitcoins to pay for their games on the websites. Bitcoin casinos are considered to be the safest type of gambling as it gives the players complete control and privacy. These online casinos follow the same laws and regulations as a traditional casino, with the exception that gamblers can bet and earn bitcoins on their games. Compared to a regular casino, Bitcoin casinos are considered to be more secure and safer. Because Bitcoin casinos are so transparent, it’s difficult to keep any information hidden. Unlike traditional casinos, bitcoin casinos employ a simple online gambling platform, and gamers may easily notice any red flag if there are some unexpected changes. Gamblers can use Bitcoin to enter online casinos safely while still enjoying all of the benefits in these casinos. However, traditional online casinos do not permit such behavior, as the majority of them refuse to accept players from particular countries. Unlike traditional casinos, bitcoin casinos are adding more variety of casino games to their list. Similarly, managing your earnings is easier in bitcoin casinos because bitcoin users have quick access to their funds from anywhere across the globe. eToro - Our Recommended Crypto Platform Our Rating ASIC, CySEC and FCA regulated - 20 Million Users Worldwide Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort Free Demo Account, Social Trading Community Free Secure Wallet - Unlosable Private Key Staking Rewards for holding ETH, ADA or TRX Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit Buy Crypto 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs Is Crypto lotto fair? As long as you are using a platform that utilizes Provably Fair, then you can be 100% certain that each lottery outcome is true and fair. The Provably Fair protocol is backed fully by the art of cryptography, meaning that the outcome cannot be manipulated or pre-defined by the platform. What if my Bitcoin lotto platform doesn't use Provably Fair? If the Crypto lottery platform doesn't use Provably Fair, this isn't necessarily an issue. Some Crypto lottery websites will instead get their winning numbers from real-world lottery games like the EuroMillions or MegaMillions. Other platforms such as FortuneJack utilize third-party software developers who are regulated in the real-world, so this is also an option for you. How much can I win when playing Crypto lottery games? This all depends on the prize pool for the specific game you are playing. In most cases, all ticket sales will be pooled together, and then distributed to the winning players. A higher percentage of the pool is given to players that land the biggest wins, such as matching 5 or 6 numbers. What is the minimum deposit amount at a Crypto lottery site? As is typically the case across the entire Bitcoin casino spectrum, there are usually no minimum deposit amounts to worry about. Fiat casinos usually stipulate a minimum deposit because they get charged by financial institutions when facilitating debit or credit card payments. However, as you are depositing funds externally from your Bitcoin wallet, you can deposit as much or little as you like. How do I receive my winnings from a Bitcoin lotto website? Much in the same way as any other Bitcoin casino game, your winnings will be transferred directly into your private Bitcoin wallet. You will need to execute a withdrawal request from within your Bitcoin lotto account, and in most cases, the platform will then release the funds automatically. This means that you should receive your winnings within about 10 minutes of making the request. What is Bitcoin Keno? Bitcoin Keno is a type of lottery game that uses a fixed-odds system instead of pooling player tickets together. In fact, as you are playing against the underlying software algorithm, it's essentially you against the casino. The amount that you can win depends on the number of balls that you match, and the amount that you decide to stake on each game. Ultimately, Bitcoin Keno appeals to those that want to control their own stakes, and play at their own pace.