As the most popular game in the world, the lottery has brought fame and fortune to many lucky players. But can you play the lottery with bitcoins? And if so, is it a much better version of the typical lottery where you use standard currency? The answer is yes, you can play the lottery with bitcoin. Bitcoin is one of the many payment options we offer. And, yes, it can be a better way to pay if you like Bitcoin and hate conforming to the reality of the economic world where dollars, euros, pounds and other currencies dominate.
A bitcoin lottery game can easily rock your world. Almost every game is based on an innovative game interface. And the benefits that are commonly linked to this cryptocurrency are numerous. Most importantly, winnings are paid out immediately, there are lower or no fees, and there are no country restrictions.
Anyone can play bitcoin lotteries from anywhere in the world, regardless of whether lotteries or gambling are prohibited there.
Big lottery ticket sellers like Jackpocket, a New York-based mobile lottery ticket buying platform that sells lottery tickets for three New York state lotteries, Mega Millions, and Powerball have also shown interest in Bitcoin. After partnering with BitPay, Jackpocket was able to offer anonymity, time efficiency and no fees. The introduction of bitcoin transactions has helped Jackpocket relieve the pressure exerted by credit card processors and banks.
Is the bitcoin lottery legit?
When you are looking for online bitcoin lotteries, it is important to look for ones that prove fair. Fair lotteries are probably 100% clean games. The demonstrable and fair game concept allows players to verify all game results for themselves. A demonstrable and fair lottery cannot perform any manipulation. This is probably a big relief for players concerned that online lotteries are not choosing random numbers for their games. But, if the lottery is demonstrable, it means that all results are posted showing the hash for players to see and verify.
All of this can be confusing for a person who is not tech savvy. But many of the players who play bitcoin lotteries are actually some sort of IT expert and they care about these kinds of things. So, even if you don’t have a chance to check the results and their authenticity, rest assured that there are hundreds of other players doing this and making sure that the online bitcoin lotteries deliver random results thanks to the provably fair system.
And when you win Bitcoin in a lottery, you can expect near instant payments instead of 2-5 days like when you use your credit card to buy a ticket . Simply provide the address of your bitcoin wallet and enjoy your winnings shortly thereafter.