In Bitcoin lotteries, the distribution of profits (winnings) and losses (losses) depends on the random selection of a number related to the ticket or ID (identification number) of the user who purchased the tickets.

Cryptocurrency fever has taken over almost all areas of the modern Internet: from serious earnings on financial exchanges to banal entertainment and online shopping. Blockchain technologies have not spared fans of prize draws, lotteries and various gambling games, giving them the opportunity to get popular digital coins.

Along with cryptocurrency faucets, mailers and games Bitcoin lotteries , in which the reward is Bitcoin coins (BTC), a certain amount of Satoshi or other virtual money, altcoins, have begun to systematically increase in popularity. Due to the fairly high degree of confidentiality of cryptocurrencies and the practical difficulty of tracking the movements of such amounts of money, those wishing to play for money were able to once again get the opportunity to earn money, tickle their nerves or lose their savings. In a certain environment of gambling Internet users, Bitcoin lotteries have confidently gained popularity.

The editors of Profinvestment.com will analyze in detail the most relevant aspects of this type of old, but at the same time extremely modern type of fascinating and sometimes incredibly profitable hobby.

Bitcoin lottery sites with payouts

Below is a list of sites that allow you to participate in Bitcoin lotteries. At the time of writing this review, they pay and withdraw earned cryptocurrency.

FreeBitcoin. One of the best online services for earning money without investment. It has been operating since 2013, which allows us to talk about reliability. To create an account, you need to register with your email, password and Bitcoin address. In addition to the free lottery, the site is a Bitcoin faucet, where once an hour you can earn from 0.00000032 BTC to 0.03182630 BTC, depending on the number drawn. To work with the faucet, select the “Free BTC” tab and click “Roll”.

For example, the number 08536 came up, and according to the table you received 0.00000032 BTC. Along with your winnings, you will receive 2 free lottery tickets. The success of the lottery, which is held every week, depends on their number. You can collect prizes on the faucet every hour. At the bottom of the page, the timer is counting down; if you check the “Play sound..” box, you will hear a sound signal when the time is up.
Read also: Instructions for buying Bitcoin. How to buy cryptocurrency profitably

To participate in the free Bitcoin lottery, go to the “Lottery” section. You will see the prize fund, which is divided into 10 places. The numbers periodically change upward; 4 days before the end, the prize for first place is 0.123 BTC.

The table below shows information about the number of your tickets, their total number and the likely winning percentage. You can also buy tickets to increase your chances of winning a prize. The cost of one (Price Per Ticket) is 0.00000001BTC.

Below the purchase form there is information about previous rounds of the Bitcoin lottery. As you can see, to have a chance of being among the winners, there must be several thousand tickets. But there are exceptions. Looking at the results of the remaining rounds, you can also see users with a small number - 54, 137, 214, etc. There is always a chance. Therefore, get free tickets every hour on the taps and win. You can withdraw Bitcoins to the address specified during registration or to any other.

BITPLAY

BITPLAY is a real online Bitcoin lottery, which is based on blockchain technology. Winnings here are paid in Bitcoin cryptocurrency. The process of generating random numbers to identify winners is completely autonomous, without human influence. Lottery results cannot be faked. Playing the lottery is easy. You mark the lucky numbers in your opinion on the ticket and then buy this ticket, paying for it with bitcoins from your wallet, or altcoins (large choice).

Platform features:

Types of games: 6 out of 45 (it is possible to guess from 6 to 12 numbers out of 45, with an increase in ticket price);
Drawing times : once every 24 hours;
Lottery currency : Bitcoin;
Cost of one ticket : 0.0001 BTC;
Jackpot : over $50,000 in Bitcoin.

Bitcoin lotteries - what is it?

The very unusual phrase “Bitcoin lottery”, taking into account real, ongoing financial processes, means a specific type of money drawing, where the reward is cryptocurrency. As a rule, the prize is Bitcoins or Satoshi, although there are raffles with Ethereum, Litecoin or other digital coins.

Replacing fiat money in lotteries with cryptographic ones allowed gambling organizers to solve several problems that were critical to them:

Bypass legislation prohibiting gambling for money outside special zones. Since traditional money is not involved in the lottery, and cryptocurrency is not officially a means of payment in Russia, then, accordingly, there are no legal problems with Bitcoin lotteries yet.
Uncontrolled turnover of finances. Cryptocurrency is decentralized, transactions of digital coins are not traceable, which eliminates any control over the income/expenses of event organizers.
Ease of operation. Creating an online lottery and making payments using cryptocurrency wallets is very simple. Everything is done automatically or only a few administrative operators are involved.

In general, the system of functioning of Bitcoin lotteries is completely similar to regular lotteries, only the reward here is a certain cryptocurrency. The user transfers coins from the crypto wallet account and purchases an electronic ticket, and after a certain time the draw takes place. According to the results, participants are credited with the corresponding amount of virtual money to their cryptocurrency wallets.

LOTTOLAND

LOTTOLAND is the world's first official international Bitcoin lottery. Here you can play other lotteries for money. Why is it official? Because the owner of the resource is the officially registered company EU Lotto Limited, which has a license to operate in the gaming industry, including the lottery. Therefore, when playing the lottery on the LottoLand resource, you do not risk anything. It is played by people in many countries around the world. The prize pot consists of the money for which people buy lottery tickets.

To play the lottery, you need to fill out a lottery ticket on the service website. The ticket itself is a square field with a set of numbers from 1 to 49. From them, choose any 6 numbers and buy a ticket. The price of 1 ticket is $4.15. A total of 12 tickets can be filled. If at least 2 of the selected numbers match the ones drawn, then you will already receive your winnings. If all 6 numbers match, you will win approximately 1 bitcoin. Each time this amount changes depending on the exchange rate and the cost of Bitcoin itself.

You can pay for completed tickets using a MasterCard card or the Neteller payment system.

Features of Bitcoin lotteries

Cryptocurrency lotteries have few key features; they are mainly determined solely by the presence of digital coins in the game. The most important nuances are:

Receiving winnings in digital coins adds some peculiarity and additional interest to Bitcoin lotteries, since many people today strive to receive Bitcoin. Also adding some share of popularity is the ability not to pay taxes on winnings.
To participate in the game, you must have a cryptocurrency wallet of any type and, of course, Bitcoin, Ethereum or coins of other currencies.
There are regular lottery options where the prize pool is minimal, but there are games for which admission must be purchased additionally. Paid sweepstakes are characterized by larger rewards and a greater likelihood of receiving them.
The negative features, first of all, include some limited distribution of Bitcoin lotteries. This is explained by people’s distrust of cryptographic money, the difficulty of manipulating digital coins, and the high volatility of virtual currency quotes. The last factor is especially relevant, since any big win today can turn into pennies the day after tomorrow or tomorrow if the existing cryptocurrency suddenly depreciates in value.

Despite the negative aspects, a large number of experts predict Bitcoin lotteries will become popular and widespread in the future. The positive aspects that such pranks have are extremely in demand and popular, especially among regular players.

FREEBITCO.IN

FREEBITCO.IN - the resource has many opportunities to win or earn satoshi. There is a Bitcoin lottery, which you can play for free, and a Bitcoin faucet, and browser-based mining, and slot machines, and a Bitcoin bank. The site has been operating since 2013 and has no plans to close. It is called the “eternal tap”. This is the only faucet and free, honest Bitcoin lottery with such a long operating life.

To register on Freebitco.in you need to enter your Bitcoin address and create a password.

You can play the lottery on Freebitco.in:

Free (after each request for Satoshi from the faucet, you are given 2 free lottery tickets; you can also buy additional tickets for the Satoshi collected from the faucet; the ticket draw is held once a week, on Sunday).
Paid (you need to top up your bitcoin balance and buy lottery tickets with them).

Prizes: The prize pool is different every week.

The Bitcoin faucet itself is similar to a lottery. You can collect satoshis from it once an hour, however, the size of the received satoshis depends on the number drawn on the roulette wheel. With the help of a faucet you can earn from 12 satoshi to 0.012 btc per hour. The Freebitco.in faucet is eternal, and you can earn money in it forever. Plus, along with satoshi, you will receive lottery tickets from the faucet.

Privacy Issues

Numerous online lotteries in their classic, fiat form actually do not satisfy users with the need to verify their identity and the need to provide real details of bank cards or electronic wallets. Here, Bitcoin lotteries completely eliminate this problem, effectively resolving the worries and concerns of players. No personal information is required.

The most important point to understand in this situation is that the activities of Bitcoin lotteries are not legal in many countries, since cryptocurrencies themselves are not officially recognized as money. Because of this, no data needs to be provided. In addition, you will not need to create a real account containing personal data. It’s enough just to create an account in which the exact number (Bitcoin address) of the cryptocurrency wallet will be saved.

Thanks to these nuances, players are more comfortable participating in digital coin draws than seeking luck in lotteries with fiat money. With cryptocurrencies, everything is confidential and anonymous.

Can Bitcoin lotteries be trusted?

A completely reasonable interest of players who want to try a cryptocurrency lottery is the reality of the possibility of receiving a reward: whether they will be able to collect the honestly won coins or not. Many users are puzzled by the fact that many Bitcoin lotteries are located in the shadow sector of the Internet, especially since no one necessarily requires real data from players.

Here it is necessary to immediately highlight the fact of mutual trust that exists between the organizers of cryptocurrency draws and the players. Both parties do not require any information when playing, so Bitcoin lotteries are considered an extremely risky activity. This circumstance attracts many scammers into the developing field of crypto-gaming, trying to easily get users’ coins. Moreover, they try to disguise themselves extremely carefully, scrupulously working out all the details of the organized business. Players who fall for such scammers never win or are unable to withdraw the remaining funds and the reward received.

To avoid running into thieves and deceivers in the Bitcoin lottery, you need to study user reviews in detail, discuss services in specialized chats, look at domain information and analyze in detail the operation of the lottery itself. Typically, fraudulent schemes or projects are not difficult to spot if you look at the basic facts!

Strategies for earning satoshi on FreeBitcoin

There are several ways to increase your earnings on FreeBitcoin:

Spend the RP points you receive to increase your RP points. But remember that you must scroll the tap at least 12 times a day to earn back the spent points. The more times you manage to collect satoshi during the bonus period, the better.
Cryptocurrency betting. With the right approach, you can make good money on BTC bets.
Gather a large team of referrals through a YouTube channel, thematic sites, social networks, instant messengers, whatever. The main thing is to collect a large “pool” of active players who will bring you Satoshi, lottery tickets and RP points.

At the end it is worth making a small conclusion. The FreeBitcoin website has survived more than one halving and has always given users earned crypto coins. Therefore, this site is worth trusting. Is it possible to make money here? Of course, but it all depends on you, and a little on luck.

READ FaucetPay site review (FausetPay): cryptocurrency microtransactions, crypto-wallets, faucets

How legal are Bitcoin lotteries?

Regarding Bitcoin lotteries, there is a simple principle that states that the absence of a ban on cryptocurrency in a country automatically legalizes any activity related to it. Raffles of Bitcoins, Ethers, Monero and other digital money or their “pennies” in the absence of a legislative prohibition are considered permitted.

Since Bitcoin lotteries are an almost complete analogue of lotteries with fiat rewards permitted in the Russian Federation, the organizers need to properly design the events. If all the rules are followed, then the law is not broken. Users can participate and win crypto coins, increasing their own wealth.

It is important for participants not to get involved with fraudulent schemes, since they result in loss of invested funds and also exclude the possibility of receiving rewards. As a rule, legal Bitcoin lotteries meet the following conditions:

Availability of registration documents that comply with current legislative acts.
Full, timely, and regular payment of all winnings to participants.
The prize fund is adequate for the tickets sold. Advertising colossal prizes announced long before the draw should always raise doubts. Likewise, it is not recommended to get involved with meager rewards. Both of these factors indicate some kind of “gray” scheme.

Scammers and Bitcoin lotteries

Separately, it is worth analyzing the presence of a mass of thieves, deceivers and other criminal elements in areas where digital coin holders are concentrated. Bitcoin lotteries are a wonderful field of work for them. Here users are gambling, euphoric, often greedy, with dull attention. In addition, they visit services with Bitcoin lotteries, having a certain amount of cryptocurrency. All circumstances minimize the efforts of scammers to quickly empty other people’s crypto wallets and quickly disappear.

In addition to the typical scam with fake sites or blatant non-payment of winnings, there are 2 most common methods of deceiving gambling holders of crypto coins. Moreover, the victims are often not players themselves.

Cryptocurrency owners who have lit up their cryptocurrency wallets somewhere are sent messages about their victory in a Bitcoin lottery with a prize fund of, say, 10 BTC. A man, overwhelmed with joy, tries to get a random win that came to him without participating in any lottery. The organizers write that it is required to transfer 0.5 BTC to cover all commissions and transaction costs. Users, heavily intoxicated by imaginary happiness, send funds, and the “administration” of the draw instantly disappears.
This scheme is similar to the first one, but here, under various distracting manipulations, scammers lure out crypto wallet data, including the private key. The super-lucky victim posts the data, and the storage account is instantly reset to zero.

There are many such actions, and the loss of digital money here is entirely due to the carelessness or negligence of the users themselves. It is necessary to strictly adhere to security principles when working with cryptocurrency.

How to mine cryptocurrency from faucets using a rotator

It is best to use rotators to collect cryptocurrency. There are many links to faucets that pay Bitcoin. They are easy to use, enter your wallet address and solve the captcha in a special window. They are often checked for facts of cryptocurrency payments to visitors. The volume of visitors and their earnings depend on the actions of the administrator.

You need to approach the choice of a rotator seriously and carefully. On the best such resources, visitors themselves can remove or add different positions in the lists of their faucets.

Pros of rotators:

Makes work easier. There is no need to save a large number of taps to bookmarks. They will all be in one place - the Bitcoin rotator.
Allows you to have a constant income. Sites for collecting Satoshi in rotators are regularly updated, which allows the user to steadily increase their earnings.
Save time. Due to the fact that they have a list of faucets in the database, the user can manage these resources. Bitcoin addresses are automatically filled in, no need to enter a code: cryptocurrency faucets without captcha.
They have a good affiliate program. The user does not need to promote each faucet individually; each rotator has its own referral program. You only need to advertise one link to a resource, and referrals are recruited to a group of faucets.