There are several online Bitcoin lotteries that aren’t fully regulated and don’t follow strict guidelines set out by the regulative authorities. So before signing up to any crypto lotteries ensure to check what their payout currency is. However, there are other lotteries that will accept payment in Bitcoin, but give out the winnings in fiat currencies. So let’s get into things and tell you about crypto lotteries! What are Crypto Lotteries?Ĭryptocurrency lotteries are the same as your typical lottery games, except payments for tickets are made in Bitcoin or Ethereum, and any winning is paid out in cryptocurrencies as well.
It’s still an amazing alternative, just remember any funds you win are 100% owned by you and don’t need to be stored in a bank. Though it may be jackpots for cryptocurrency lotteries may not be as large as the national lotteries with fiat. At the moment there are several cryptocurrency lotteries out there that work solely in cryptocurrencies such as Bitcoin and Ethereum, and give out the prizes in those currencies too. The lottery can be played in all forms of currencies in today’s age.
Winning the lottery is much harder than it sounds, but so many people sign up in hopes they’ll become a millionaire. It’s arguably the most popular form of gambling, as you put in so little with a potential massive upside. Irrespective of the country you reside in, lotteries are found all across the globe.
