Lottery Addicts Must Keep Up with the Times
Five years ago, a term “bitcoin” was relatively unknown. What this is, is a peer-to-peer payment system which has been dubbed a decentralized currency among the US treasury. While the US is relatively accepting of the electronic currency, the rest of the world is a bit more skeptical and even imposed restrictions on exchanging bitcoin for local currency.
With that said, lotteries have been around for ages and they are incredibly popular. Many countries run lotteries that are open for local and international players alike. It only makes sense that the lottery circuit would be an excellent opportunity for bitcoin users to partake in this activity.
One thing you should know is that Bitcoin lottery is no different than the regular lottery that we play with our hard earned cash. In fact, the two are very similar. Instead of entering your credit card information, you enter your bitcoin wallet address. You select the numbers the same and you can win the same.
Why Should You Play with Bitcoins?
Bitcoin lotteries run off the same premise as regular lotteries. You pick your numbers, you enter your information (bitcoin wallet address in this case) and just wait to see if you win. It’s no different, except that you do not have to create an account with the lottery site. These bitcoin lotto sites usually allow you to purchase a ticket by sending the payment to the wallet address that they provide. Once you receive a confirmation that payment has been made, you can begin to pick your numbers. So in essence, you can begin playing within minutes from visiting the site.
Because you are not signing up for an account to some of these lotto sites, you are playing with complete anonymity. While some sites may require some form of identification somewhere along the way, bitcoin lotteries don’t require anything other than your wallet address.
All Bitcoin transactions and gambling are completely legal. From beginning to end, the entire process deals with the electronic money and no real money is passed through the banking system. There is no way for governments to trace where bitcoins go and come and there also aren’t any known laws that have been made, or plan on being made, to prevent people from playing with bitcoins.
Sounds Great! Where to Begin?
There are many bitcoin based lottery sites available for you to choose from, you may be a little overwhelmed as to where to start. After doing some research, we’ve compiled a list of some of the more reputable bitcoin sites.
- Taabl.net was the very first bitcoin lottery site and it’s been servicing the bitcoin community for four years. They offer a 99% return to their users, which is pretty good considering you are playing the lottery after all. When you first go to the site, it may been mind-boggling, which is why we recommend you checking out the How to Play section.
- Bitoomba.com not only a lottery site, but it is a casino site as well. You can play a variety of casino games like slots, baccarat, roulette, and dice to name a few. You will have to create a login for this site in order to play; however, the graphics on the site make it an exciting experience for new players.
- Luckyb.it is a completely anonymous site where you can play. There are three different risk tiers and it scales the risk and rewards per play. The way you play is you enter your bitcoin address and you begin betting. It is recommended that you read the note on compatible wallets, which is located at the top of the sites homepage. This game isn’t a lottery per say, it’s more reminiscent of the Price is Right game, “Plinko”. You will always win something each time you play.
And a fly in the ointment… We have previously reviewed one more bitcoin site – Bitmillions.com, but our team remained unsatisfied with it. Looks like we were right.
Bitcoins are becoming more popular every day. Should we begin mining for bitcoins? Who knows? It definitely seems like the wave of the future.